Rules-based long sleeve in US mega-cap semiconductors. Exposure scales down when 20-day realized vol exceeds 42%. No short book. Not a return promise.
- Philosophy
- Own quality growth only when the tape confirms; otherwise hold cash-like inside the sleeve.
- Process
- Daily vol target 12%. Entry on 55-day high. Exit on 20-day low or sleeve stop −12%.
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.