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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▲ +0.1% | ▲ +0.9% | ▲ +1.9% | ▲ +8.5% | ▲ +0.5% | — | — | ▲ +11.5% |
| Peer average | ▼ −0.1% | ▲ +99.6% | ▲ +2.3% | ▲ +8.8% | ▲ +9.8% | ▲ +48.6% | ▲ +54.5% | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
Reported holdings are shown below. A share-of-fund chart is unavailable for this portfolio.
Holdings as of 2026-10-30. Derivatives are shown using their reported instrument names.
| Holding | Instrument | Weight |
|---|---|---|
| SPY 06/17/2027 7.5 C | Reported holding | 69.06% |
| IWM 12/18/2026 2.52 C | Reported holding | 15.60% |
| EFA 06/17/2027 1.09 C | Reported holding | 13.92% |
| SPY 06/17/2027 750.33 P | Reported holding | 2.30% |
| First American Government Obligations Fund 12/01/2031 | Reported holding | 1.09% |
| EFA 06/17/2027 108.64 P | Reported holding | 0.94% |
| IWM 12/18/2026 252.08 P | Reported holding | 0.06% |
| IWM 12/18/2026 226.87 P | Reported holding | -0.02% |
| Cash & Other | Reported holding | -0.06% |
| EFA 06/17/2027 115.52 C | Reported holding | -0.19% |
| IWM 12/18/2026 291.66 C | Reported holding | -0.23% |
| EFA 06/17/2027 97.78 P | Reported holding | -0.40% |
| SPY 06/17/2027 858.15 C | Reported holding | -0.91% |
| SPY 06/17/2027 675.3 P | Reported holding | -1.14% |
TRIO is a fund-of-funds designed to protect against the first 10% of losses in equity exposure, using customized put and call FLEX options. Positions are established based on macro views on metrics such as employment metrics, earnings estimates, market valuations, and US GDP growth relative to developed and developing economies. The strategy involves option spreads, buying and selling both puts and calls. The objective is to provide hedged equity exposure. Although the strategy is designed to mitigate downside risk, it may not always be successful, and options-related costs could impact performance. The sub-adviser consistently monitors market conditions in rebalancing the portfolio, typically on a quarterly basis, to protect capital or lock in some gains. Additionally, the buffer and cap are adjusted based on market conditions and the cost of available options.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
| Ex-date | Pay date | Per share |
|---|---|---|
| 2025-12-23 | 2025-12-24 | $5.50 |
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind TRIO.