On Sept. 17th the Σ1 Fund was launched with a NAV (net asset value) of $25.00/share.  Today’s closing NAV was $25.30/share, representing a 1.2% gain.

Long holdings (stock and bond ETFs):

• 100 shares SPY
• 100 shares BND
• 100 shares VTI
• 100 shares JNK

Short positions (options):

• RMN 19MAR11 67.5
• SPY 20NOV10 115

Leverage Ratio: 1.22