US Equity Rotation Strategy ETF


 
OverviewPerformancePremium/DiscountHoldingsCommentary

Goals

ETF Performance

Premium/Discount Frequency Chart

Top 25 Holdings

Quarterly Commentary

Data Ending 04/29/2016
Show

1 Mid-point is the average of the highest bid and lowest offer for the day at the time of the ETF's NAV calculation.
2 The amount the ETF was trading (market price) above/below the ETF's NAV.


Current Data


As of 04/29/2016
NAV
$ 37.17
Mid-Point 1
$ 37.61
Premium/Discount2
1.19%

Historical Data

Greatest Premium
1.19%
(04/29/2016)
Greatest Discount
-0.54%
(04/26/2016)
Average
Premium/Discount
0.21%
Number of Days:
At Premium
3
At NAV
0
At Discount
2



1 Mid-point is the average of the highest bid and lowest offer for the day at the time of the ETF's NAV calculation.
2 The amount the ETF was trading (market price) above/below the ETF's NAV.


Information As of (04/29/2016)

Download Full Holdings

 
% of Assets Quantities of Shares Name Symbol
2.69 1,830 AFLAC INC AFL
2.64 580 BARD C.R. INC BCR
2.61 765 AMGEN INC. AMGN
2.59 1,615 LOWE'S COS. INC. LOW
2.59 1,250 MASTERCARD INC. MA
2.58 2,810 U.S. BANCORP USB
2.58 2,065 TEXAS INSTRUMENTS INC. TXN
2.58 1,105 STRYKER CORP SYK
2.56 1,915 MARSH & MCLENNAN COS INC MMC
2.56 1,150 ILLINOIS TOOL WORKS INC. ITW
2.53 1,470 DOLLAR GENERAL CORP. DG
2.52 1,370 TORO CO TTC
2.51 890 THE HOME DEPOT INC. HD
2.51 118,080 DOLLARS ON DEPOSIT NO. 15
2.49 570 NORTHROP GRUMMAN CORP. NOC
2.47 4,155 CISCO SYSTEMS INC. CSCO
2.45 1,120 PEPSICO INC. PEP
2.45 1,290 CINTAS CORP. CTAS
2.45 1,135 INTUIT INC. INTU
2.44 0 SYSCO CORP. SYY
2.44 1,870 GENERAL MILLS INC. GIS
2.43 810 GENERAL DYNAMICS CORP. GD
2.43 1,610 KLA-TENCOR CORP KLAC
2.42 1,480 TJX COMPANIES INC. TJX
2.42 1,980 ROSS STORES INC. ROST

1 A calculation disseminated by the stock exchange that approximates the ETF's NAV every 15 seconds throughout the trading day.

2 Contractual waivers are in effect until August 31, 2016.

Security weights are based on net assets. Showing security weights as a percent of net assets can lead to a total greater than 100% because net assets includes liabilities, which can make the net assets less than the total value of investments.

 
As of 4/29/2016
NAV ($) 37.17
Shares Outstanding 125,000
Total Assets 4,646,305
Daily Trade Volume -


Ticker HUSE
IOPV1 Symbols HUSE.IV
CUSIP 446698102
Inception July 23, 2012
Exchange NYSE Arca
Net Expense Ratio 0.95%
Gross Expense Ratio2 2.26%


Fact Sheet
Prospectus
Prospectus Summary
SAI

The ETF's objective is to seek capital appreciation in a given market environment.

Strategy

The US Equity Rotation Strategy ETF is an actively managed exchange traded fund ("ETF"). Under normal market conditions, the ETF invests in companies that are organized in the US and included in the S&P Composite 1500, which is comprised of large-cap, mid-cap and small-cap companies. The ETF may over- or under-weight certain industry sectors and segments of the S&P Composite 1500, depending on which the managers believe to have the greatest or least potential for capital appreciation given the current market environment. This ETF may be appropriate for long-term investors looking for a unique approach to pursuing capital appreciation. It may provide an important overlay to the investor's portfolio as the advisors seek to enhance performance through emphasizing the market sectors and segments believed most promising.

The Value in Sector Rotation.
Different sectors within the S&P Composite 1500 typically outperform the market at various times. Market environments may cause certain sectors of businesses to perform more favorably than others. For instance, when technology companies are performing relatively well, financial companies may be taking a hit. The advisor attempts to identify the companies that may experience more profitability given the current economic cycle and overweight its portfolio in companies within that sector.

Management

  Rational Advisors, Inc. (the "Advisor") is a wholly-owned subsidiary of Rational Capital LLC, which is an independent private company. As of December 31, 2015, the Advisor had assets under management of $250 million.

David Miller and Michael Schoonover are primarily responsible for the day-to-day management of the US Equity Rotation Strategy ETF and the EcoLogical Strategy ETF.

David Miller has served as the Portfolio Manager of the US Equity Rotation Strategy ETF and the EcoLogical Strategy ETF since 2016. He is a senior portfolio manager of the Advisor and Catalyst Capital Advisors LLC ("Catalyst") and co-founder of Catalyst and Rational Capital LLC. Mr. Miller is also responsible for the day-to-day management of several funds managed by Catalyst and its affiliates. Prior to founding Catalyst, Mr. Miller was the CEO of Investment Catalyst, an investment newsletter he founded in 2005, which worked to identify undervalued stocks with a near term catalyst for appreciation.

Michael Schoonover has served as the Portfolio Manager of the US Equity Rotation Strategy ETF and the EcoLogical Strategy ETF since 2016. He is a portfolio manager with the Advisor and has served as a portfolio manager of Catalyst since November 2013. Mr. Schoonover is also responsible for the day-to-day management of several funds managed by Catalyst and its affiliates. Mr. Schoonover began his association with Catalyst in 2011 as a research consultant supporting the implementation and back testing of quantitative strategies. In March 2013, he became a senior analyst at Catalyst to provide investment research for several mutual funds. From 2005 -2011, he served in various technical and scientific management roles with the Perrigo Company.



Carefully consider the ETF's investment objectives, risks, charges and expenses. This and other information can be found in the ETF's prospectus or summary prospectus which can be obtained by clicking here. Please read the prospectus or summary prospectus carefully before investing.

There is no guarantee our ETF will reach its stated goal.

There are risks involved with investing, including possible loss of principal. The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate.

1 A calculation disseminated by the stock exchange that approximates the Fund's NAV every 15 seconds throughout the trading day.

2 Contractual fee waivers are in effect until August 31, 2016.

As of 4/29/2016
NAV ($) 37.17
Shares Outstanding 125,000
Total Assets 4,646,305
Daily Trade Volume -


Ticker HUSE
IOPV1 Symbols HUSE.IV
CUSIP 446698102
Inception July 23, 2012
Exchange NYSE Arca
Net Expense Ratio 2 0.95%
Gross Expense Ratio 2.26%


Fact Sheet
Prospectus
Prospectus Summary
SAI


Cumulative (%) Average Annual Total Return (%)
As of 3/31/2016 As of 3/31/2016
  YTD 1 Month
3 Month
6 Month
1 Year 3 Year 5 Year Since
Inception
Total Returns (NAV) 0.24 5.58 0.24 7.03 0.72 11.63 - 14.37
Total Returns (Market Price) -1.24 4.32 -1.24 7.91 0.93 11.76 - 14.36



The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the ETF shares will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Total Returns are calculated using the daily 4:00pm net asset value (NAV). Market returns are based on the composite closing price and do not represent the returns you would receive if you traded the shares at other times. The first trading date is typically several days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the first trade date.

To obtain performance, current to the most recent month-end, call 855-HSS-ETFS.


There are risks involved with investing, including possible loss of principal. The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate.

1 A calculation disseminated by the stock exchange that approximates the Fund's NAV every 15 seconds throughout the trading day.

2 Contractual fee waivers are in effect until August 31, 2016.

 

 

 

As of 4/29/2016
NAV ($) 37.17
Shares Outstanding 125,000
Total Assets 4,646,305
Daily Trade Volume -


Ticker HUSE
IOPV1 Symbols HUSE.IV
CUSIP 446698102
Inception July 23, 2012
Exchange NYSE Arca
Net Expense Ratio 3 0.95%
Gross Expense Ratio 2.26%


Fact Sheet
Prospectus
Prospectus Summary
SAI


 

Question:
How Did Your Fund Perform This Quarter?

Answer:
Content to come . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .



Question:
Why Did Your Fund Perform This Way?

Answer:
Content to come . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .



This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied up on by the reader as research or investment advice regarding the funds or any stock in particular.


As of 4/29/2016
NAV ($) 37.17
Shares Outstanding 125,000.00
Total Assets 4,646,304.68


Ticker HUSE
IOPV* Symbols
CUSIP
Inception
Exchange
Net Expense Ratio
Gross Expense Ratio

Fact Sheet
Prospectus
Annual Report
Semi-Annual Report


Data Ending 04/29/2016
Show

1 Mid-point is the average of the highest bid and lowest offer for the day at the time of the ETF's NAV calculation.
2 The amount the ETF was trading (market price) above/below the ETF's NAV.


Current Data


As of 04/29/2016
NAV
$ 37.17
Mid-Point 1
$ 37.61
Premium/Discount2
1.19%

Historical Data

Greatest Premium
1.19%
(04/29/2016)
Greatest Discount
-0.54%
(04/26/2016)
Average
Premium/Discount
0.21%
Number of Days:
At Premium
3
At NAV
0
At Discount
2