Asymmetric Opportuni0es Fund...2017/05/09  · Guggenheim Invest Shipping ETFv £ SEA 11.73 -0.0634 -0.54% Overview Quantitative Analysis Price Holdings Charts News Corporate Actions

AsymmetricOpportuni0esFund

MonthlyReportApril2017

WhatWeDidinMarch

Ø Soldposi0onsinSwissRe&Allianz(Dec2020calls)–7%exposure

Ø AllocatedhalftheproceedstoJapaneseBanks(TSElistedBanksETF1615)

Ø TheotherhalftoUraniumstocks(ETFURA)

Ø Took1%exposureineachof:Ø inGreenlandsEnergy&Minerals–GGG(Uranium&RareEarths)Ø LynasLYC(RareEarthMetals)

JapaneseBanks

UraniumETF(URA)

RareEarthMetals

ShippingSectorETF(SEA)

UniCredit(Dec202016StrikeCalls)

BBVA(Dec20205.75StrikeCalls)

Bitcoin

Eurodollar(Sept20200

CurrentExposures•  European,Japanese,Italian,GreekBanks•  RisingRates(Euribor,ShortSterling,Eurodollars)•  Energy(RoyalDutchShell)•  Mongolia(MMC,EntréeGold)•  Gold(GDX,NewGold)•  Uranium(URA,DeepYellow,Greenlands)•  RareEarthMetals(REMX,Lynas)•  Shipping(SEA,SafeBulkers)•  OilServiceStocks•  CommodityPricesinGeneral(Spro`ResourceHoldings)•  Euro(FXE)•  JapaneseEqui0es(Nikkei)

WhatWeAreWorkingOn

OffshoreOilDrillers–5%Exposure

Ensco–aProxyForOffshoreOilers