LDRX

LDRX seeks total return through investments in large-cap equities with a short-term options overlay. The fund targets companies considered market leaders or those exhibiting improving business fundamentals and favorable financial characteristics such as low earnings variability, attractive valuation ratios, and manageable leverage. To enhance income, the fund writes deep out-of-the-money call and put options, typically with 1-7day expirations, on broad market indices like the S&P 500. This strategy aims to capture premium income from contracts that are likely to expire worthless, though it also limits upside participation and introduces downside risk in volatile markets. In addition to equities, the fund may invest in other ETFs, hold short-term US Treasuries as collateral, and lend securities for additional income. The fund may shift up to 100% of its assets into cash or short-term instruments as a defensive measure.