WEBs Communication Services XLC Defined Volatility ETF(NASDAQ:DVXC)

DVXC is a part of a suite of defined volatility ETFs. The fund is passively managed to actively adjust exposure to the SPDR Communication Services ETF (XLC) based on market volatility. As such, the fund is not expected to track XLC's performance, instead, its exposure is volatility-driven. The fund uses a rules-based strategy, dynamically adjusting exposure to XLC (via direct holdings or total return swaps for leverage) based on 21-day realized volatility relative to the 30% target: exposure increases when volatility is below 30% and decreases (by allocating to cash or cash-like instruments) when above. Fund exposure to XLC can vary between 0-200%. This suite of ETFs provides investors the ability to take a tactical approach to sector rotation or emphasize a sector-focus in a broad market portfolio.