Salt truVol® US Technology Balanced 5 (Excess Return)
Targets 5% volatility by dynamically adjusting exposure among US large cap technology stocks, Treasury bonds, and cash on a daily basis.
Overview
The Salt truVol® US Technology Balanced 5 Index (ticker: SFQBAL) is designed to provide exposure to both US large cap technology stocks and Treasuries while dynamically controlling volatility with a 5% target. The Index uses the truVol® Risk Control Engine (RCE) to help optimize weighting between the Invesco QQQ ETF (QQQ) and the iShares 7-10 Year Treasury Bond ETF (IEF). The strategy also uses the RCE to maintain a daily volatility target of 5%, using non-remunerating cash to reduce exposure if necessary.
The Index is rebalanced daily and calculated in excess of a daily accrual of the Federal Funds Effective Rate (Excess Return) and includes an index fee of 50 basis points.
Key Facts
| Ticker | SFQBAL |
|---|---|
| Type | Excess Return |
| Weighting | Volatility Driven |
| Rebalancing | Daily |
| Base Date | Dec 31, 2003 |
| Inception Date | Jul 31, 2021 |
| Calculation Agent | Salt Financial LLC |