WEBs Defined Volatility SPY ETF seeks to provide investment results that, before fees and expenses, correspond to the performance of the Syntax Defined Volatility US Large Cap 500 Index. The fund implements its investment objective by investing, under normal market conditions, at least 80% of its net assets in financial instruments that achieve the investment results of the index. The index is a rules-based strategy that seeks to track the performance of the SPDR S&P 500 ETF, with investment exposure to the underlying ETF adjusted for a targeted annual volatility rate of 20%. The fund is non-diversified.
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