Main Management seeks to achieve long term capital appreciation by investing in non U.S. country and sector indexes. The portfolio utilizes a dynamic asset allocation approach which combines the benefits of both strategic and tactical allocation strategies. The strategy employs a top down assessment to identify undervalued economic regions, countries, and sectors.
SECD is an actively managed exchange traded fund that seeks to achieve its investment objective by investing primarily in first lien secured senior floating rate loans and fixed income securities bonds. SECD’s portfolio will be comprised of approximately 50-100 individual instruments with a target allocation of one to two percent of the Fund’s portfolio to any specific company. The SECD team will generally invest at least 90 of its assets in securities issued by companies and in bank loans made to companies domiciled in the United States and Canada while the Fund’s securities will be exclusively US dollar denominated.
The investment objective of DFGR is to achieve long-term capital appreciation. The Portfolio, using a market capitalization weighted approach, purchases a broad and diverse set of securities of U.S. and non U.S. companies principally engaged in the real estate industry, including developed and emerging markets, with a particular focus on real estate investment trusts and companies the Advisor considers to be REIT like entities.
The investment objective of DFLV is to achieve long-term capital appreciation. The Portfolio is designed to purchase a broad and diverse group of readily marketable securities of large U.S. companies that the Advisor determines to be value stocks. A company market capitalization is the number of its shares outstanding times its price per share.
QVOY offers investors an actively managed investment strategy. It invests primarily in exchange-traded funds. The ETF will generally hold 12-14 positions and considers equities, alternative assets, and bonds. The Fund is reviewed weekly and is designed to actively adjust to the strongest performers in each category. Under normal circumstances, the Fund will be fully invested, however it can increase cash during uncertain markets.
RNWZ is an actively-managed ETF designed to offer investors core renewables exposure and income by investing in renewables infrastructure companies that are providing value through accelerating the global transition to clean energy. Target portfolio companies primarily own and operate renewable energy facilities such as wind farms and solar fields, energy storage, and electric transmission assets. These assets tend to generate stable cash flow streams derived from long-term contracts with governments, utilities, and corporations.
EQTY invests primarily in equity securities of U.S. and foreign companies. Kovitz Investment Group Partners, LLC (the “Adviser”) generally selects equity securities of high quality companies believed by the Adviser to be undervalued. The Fund may invest in companies of any market capitalization, including small and mid capitalization companies. The Adviser’s starting universe is the constituents of the S&P 500 Index and the non-U.S. based companies in the S&P Global 100 Index.
OAIA delivers access to an agriculturally focused quantitative strategy that has the potential to achieve positive returns regardless of market direction. The Fund seeks to track the total return performance, before fees and expenses, of the Index, and is designed to track the performance of a portfolio of agricultural commodities futures contracts designed to provide absolute returns through the implementation of a long/short trading strategy used to seek to achieve market neutral exposure to the global agriculture market.
DIP is a long-only equity ETF that offers investors the opportunity to capitalize on individual short-term mean reversions of large cap U.S. stocks, using proprietary artificial intelligence (AI) technology to identify target investments. Stock prices are sometimes temporarily driven to levels below their fair market value, creating potential opportunities to profit from a short-term bounce. AI may help to identify oversold stocks with the highest probability of experiencing a short-term bounce. DIP uses state-of-the-art technology to provide investors with exposure to “buy the dip” opportunities that exhibit strong expected profit potential.
The investment objective of PBL is to seek to provide long-term capital growth with reduced volatility compared to the equity market. The Fund seeks to participate in the upside returns of the stock market while limiting volatility and downside losses. In seeking to achieve the Fund investment objective, the Fund seeks to reduce volatility over the course of a full market cycle as compared to the equity market, which the Fund defines as the S&P 500 Index. The Fund seeks to capture 60% of the performance of the S&P 500 on average in appreciating equity markets and to capture 30% of the performance of the S&P 500 on average in declining equity markets over a market cycle.
The subadviser looks for companies with unique business models that build sustained competitive advantages; catalysts that drive growth rates well above that of the market; superior financial characteristics; and attractive long-term valuations. PJFG seeks to capture acceleration or duration of growth that is not fully reflected in a stock’s price. The subadviser considers selling or reducing an equity position when, in the opinion of the portfolio managers, the stock has experienced a fundamental disappointment in earnings; it has reached an intermediate-term price objective and its outlook no longer seems sufficiently promising; a relatively more attractive stock emerges; or the stock has experienced adverse price movement. A stock’s price decline does not necessarily mean that the subadviser will sell the stock at that time.
PJFV invests, under normal market conditions, at least 80% of its investable assets in equity and equity related securities. The Fund follows a value investment style to select equities of approximately 25 to 40 issuers. The Fund seeks to achieve its investment objective by investing, under normal circumstances, in companies that it believes are undervalued compared to their perceived worth (“value companies”). The Fund may invest in companies of any market capitalization. Under normal market conditions, the Fund is expected to invest predominantly in large capitalization companies, which are companies with market capitalizations (measured at the time of purchase) of $1 billion or more and are selected by the subadviser using a combination of fundamental research and systematic portfolio construction. The Fund is an actively managed exchange-traded fund (“ETF”) and, thus, does not seek to replicate the performance of a specified index.
QGRW seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Quality Growth Index. The WisdomTree U.S. Quality Growth Index is a market-cap weighted index that consists of companies with quality and growth characteristics. The top 500 U.S. companies by market capitalization are ranked on a composite score of two fundamental factors: growth and quality, which are equally weighted. The Index is comprised of the 100 U.S. companies with the highest composite scores.
JHID is an ETF, which is a fund that trades like other publicly-traded securities. The fund is not an index fund. The fund is actively managed and does not seek to replicate the performance of a specified index. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in dividend-paying large- and mid-cap equity securities of non-U.S. developed market companies. These dividend-paying large- and mid-cap equity securities are incorporated in, or have their primary listing exchange in, developed markets, excluding the U.S.
PIT, an actively managed ETF that seeks to provide long-term capital appreciation and attractive risk-adjusted returns by investing primarily in exchange-traded commodity futures contracts across five major sub-sectors: energy, precious metals, industrial metals, agriculture and livestock.
ARP is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by taking advantage of broad asset trends throughout the economic cycle. The Adviser actively monitors asset class pricing trends to determine characteristics used for portfolio construction, including measurements of risk, returns, and asset correlations. The Adviser then uses this information to inform the security selection process for the Fund, with an emphasis on securities that have had better recent performance compared to other securities under similar market conditions. The Fund will obtain investment exposure to a variety of asset classes, including equities (primarily U.S. equities, non U.S. developed market equities, and emerging market equities), fixed income securities including U.S. Treasuries, broad commodities (specifically, a diverse group of heavily traded commodities across the energy, precious metals, industrial metals and agriculture sectors), physical gold, currencies, and cash. The Fund operates in a manner that is commonly referred to as a “fund of funds” and obtains investment exposure to the asset classes described above primarily by investing in one or more exchange-traded products (“ETPs”), including ETFs and exchange-traded commodity pools, designed to track the performance of such asset classes.
COWG is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Pacer US Large Cap Cash Cows Growth Leaders Index (the “Index”). The Index uses a rules-based methodology that seeks to provide exposure to large-capitalization U.S. companies with above-average free cash flow margins. Companies with above-average free cash flow margins are commonly referred to as “cash cows.”
DKRB primarily invests in equity securities of companies that are decarbonizing the energy sector. That includes investments in nuclear, wind, solar, and more efficient uses of oil and gas. It also includes supporting the underlying decarbonization infrastructure, the technology, and the tools necessary to decarbonize the global energy supply chain. Targets will consist of companies dedicated to battery technology, wind, and solar networks, nuclear energy, infrastructure, complementary technology, and other companies involved in producing, distributing, and delivering water and pricing carbon.
KCAL is an actively managed exchange-traded fund that seeks to achieve its investment objective of long-term capital appreciation by investing in a portfolio of publicly-listed equity securities of companies that intersect the production, distribution, or delivery of food, or companies that invest in technology and tools necessary to support the global food security. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in securities of Food Security Companies. Securities eligible for inclusion in the Fund’s investable universe include publicly listed equity securities of U.S. and foreign (including emerging markets) issuers.
SANE is an actively managed fund that seeks to achieve its investment objective of long-term capital appreciation by investing in a portfolio of publicly listed equity securities of companies that intersect at least one area of mental health, including, but not limited to, metabolic devices, fitness, sleep, nutrition, and the companies that invest in such companies.
BOXX is an actively managed exchange-traded fund (“ETF”) whose investment objective is to provide investment results that, before fees and expenses, equal or exceed the price and yield performance of an investment that tracks the 1-3 month sector of the United States Treasury Bill market. To do so, the principal investment strategy of the Fund will be to utilize an exchange-listed options strategy called a box spread (“Box Spread”). In order to accomplish its investment goals, the Fund may utilize either standard exchange-listed options or FLexible EXchange Options (“FLEX Options”) or a combination of both.
CHRG seeks long-term capital appreciation. The Fund seeks to achieve its investment objective by concentrating its investments in a combination of financial instruments that are economically linked to elements necessary for the production of batteries and Battery Energy Storage Systems (“BESS”) used in the electric vehicle and solar industries. Such elements are currently lithium, nickel, copper, and cobalt. The Fund may also invest in financial instruments economically linked to manganese or graphite. The Fund may invest in securities of companies of all sizes.
FCUS is an actively managed ETF that seeks to achieve its investment objective primarily by investing in a focused portfolio of U.S. equity securities. The initial universe of stocks is comprised of the largest 1,000 U.S. equity securities listed on major U.S. stock exchanges. The ETF uses Pinnacle’s monthly stock selection model to identify 30 stocks to include in the model. In addition, Pinnacle uses two separate Pinnacle Market Risk Algorithms to identify whether there are positive or negative market signals which may impact the composition of the ETF. On the first trading day of each month (or more frequently intra-month if a market signal changes), the ETF will be reconstituted based on whether the Algorithms both show market signals as positive, one as positive and one as negative, or both as negative.