Metaurus U.S. Equity Ex-Dividend Fu... (XDIV)


+0.49 (+0.47%)

New York Stock Exchange Arca

The manager intends to replicate the returns of SPY through owning long positions in quarterly S&P 500 Index futures contracts traded on the CME rather than shares of SPY. Additionally, the manager intends to track the performance of the Metaurus Ex-Dividend Index by selling annual S&P 500 Dividend Futures Contracts out to the maturity date of the fund.