The Power Floating Rate Index Fund (FLOAX, FLOCX, FLOTX) tracks the W.E. Donoghue Floating Rate Index (PWRFLXTR), a rules-based index calculated by Standard and Poor’s Custom Indexes. The index will direct investments into a selection of floating rate mutual funds/ ETFs and High Yield Bond ETFs, when in a bullish position. When in a defensive position, the index will be invested in short-term Treasuries. The index employs a short and intermediate term tactical overlay to determine whether to be in a bullish or defensive posture. Each tactical overlay will trigger 50% of the index into a defensive position, should market conditions warrant. When in a bullish posture, the index and portfolio will rebalance holdings quarterly and re-constitute annually.
Where to Purchase
The Power Dividend Index Fund will be available to purchase through the following:
- Charles Schwab
- Fidelity Investments
- National Financial Services
- TD Ameritrade
For the latest availability call: 1 (800) 642-4276.