Variant Perception Cycle Aware US Equity ETF (VPX)

Variant Perception Cycle Aware US Equity ETF (VPX) is an actively managed exchange-traded fund that invests in U.S. stocks while adjusting its positioning according to the stage of the economic and market cycle.

The strategy draws on macroeconomic research and leading indicators developed by Variant Perception, an independent investment research firm, to determine whether conditions favor more or less equity risk and which segments of the market to emphasize. The fund seeks to capture equity market gains while reducing exposure when its indicators signal a deteriorating environment. Holdings and sector tilts may shift as the strategy's cycle signals change over time.

The fund is offered in an exchange-traded format on NYSE Arca.