AlphaTrAI Funds, Inc. (the “Adviser”) serves as the investment adviser to the NSPY Fund. The Adviser has retained Exchange Traded Concepts, LLC (the “Sub-Adviser”) to serve as the Sub-Adviser. Under normal circumstances, the Fund invests its net assets in exchange-traded funds (“ETFs”) that invest in or track the performance of large-cap U.S. companies, equity swaps, futures contracts, or options on such companies or an index of such companies. The Fund aims to capture overnight returns from the time when the regular daytime trading ends to the time the market opens on the next trading day in the U.S., utilizing various strategies such as owning individual securities, third-party ETFs, or United States Treasury securities, and utilizing futures contracts or total return swaps.
While the primary objective of the AlphaTrAI Nightly S&P 500 ETF (NSPY) is to replicate the overnight performance of a portfolio of 500 large-cap U.S. companies, it still reflects the dividend distributions of its underlying assets. Dividends from constituent companies are typically passed through to NSPY investors on a regular basis, subject to the individual dividend policies of those companies. Given its focus on large-cap U.S. companies, NSPY may appeal to investors seeking exposure to overnight market movements while potentially benefiting from dividend income.
The AlphaTrAI NSPY ETF is designed to closely track the overnight performance of a portfolio comprising 500 large-cap U.S. companies. Managed by AlphaTrAI Funds, Inc., this ETF utilizes Exchange Traded Concepts, LLC as its sub-adviser. The fund achieves its objective by investing in a mix of exchange-traded funds (ETFs), equity swaps, futures contracts, options, and U.S. Treasury securities. It aims to capture the night effect on large-cap U.S. companies by adjusting its exposure accordingly, utilizing a combination of individual securities, third-party ETFs, and derivatives contracts. Investors seeking exposure to overnight market movements in the large-cap segment may find NSPY an appealing option due to its strategic approach and focus on maximizing overnight returns.
The correlation aspect of the NSPY ETF is essential for understanding its behavior relative to the overnight performance of large-cap U.S. companies. As NSPY aims to track the night performance of a portfolio of these companies, its correlation with overnight market movements is crucial. The ETF's strategy involves investing in a mix of exchange-traded funds (ETFs), equity swaps, futures contracts, options, and U.S. Treasury securities to replicate the overnight performance of 500 large-cap U.S. companies. By utilizing various financial instruments, NSPY seeks to closely mirror the fluctuations observed during the night trading hours.One significant factor influencing NSPY's correlation is its focus on large-cap U.S. companies. These companies often exhibit distinct patterns during overnight trading, influenced by factors such as after-hours earnings releases, economic data announcements, and global market developments. NSPY's portfolio composition, comprising securities, ETFs, and derivatives contracts, is carefully selected to capture these overnight movements effectively.Additionally, NSPY's correlation may be influenced by its dividend distribution mechanism. While the primary objective is to replicate overnight performance, the ETF also reflects the dividend distributions of its underlying assets. Dividends from constituent companies are typically passed through to NSPY investors, subject to the individual dividend policies of those companies. This dividend component adds another layer to NSPY's correlation dynamics, as dividend-paying stocks may behave differently during overnight trading sessions compared to non-dividend-paying counterparts.Investors evaluating NSPY's correlation should consider its strategic approach and the underlying factors driving overnight market movements. While the ETF aims to closely track the performance of large-cap U.S. companies during night trading hours, its correlation may vary based on market conditions, the composition of its portfolio, and the effectiveness of its investment strategies. Overall, NSPY offers investors seeking exposure to overnight market movements in the large-cap segment a vehicle with a strategic approach designed to maximize returns during these crucial trading hours.
The NSPY ETF focuses on capturing the overnight performance of a portfolio consisting of 500 large-cap U.S. companies. Managed by AlphaTrAI Funds, Inc., the fund invests primarily in exchange-traded funds (ETFs) tracking the performance of large-cap U.S. companies, equity swaps, futures contracts, and options. NSPY's strategy aims to maximize the benefits of the night effect, utilizing various investment instruments including individual securities, third-party ETFs, United States Treasury securities, and derivatives. Investors seeking exposure to overnight market movements in large-cap U.S. companies may find NSPY appealing due to its unique approach in targeting this specific sector.
The NSPY ETF offers investors exposure to the overnight performance of a portfolio comprising 500 large-cap U.S. companies. With a focus on capturing the night return, NSPY seeks to provide a unique avenue for investors interested in overnight market movements. Through a combination of owning individual securities, third-party ETFs, and United States Treasury securities, as well as utilizing futures contracts and total return swaps, NSPY aims to optimize exposure to large-cap U.S. companies. For deeper insights into its exposure and performance, investors can leverage ETF Insider's web app, which offers comprehensive data visualization tools to uncover correlations, overlaps, and other crucial metrics for understanding NSPY's market exposure.
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