Why Sector Rotation?
A landmark study published by Brinson, Singer and Beebower suggests that portfolio asset allocation is the most important long-term determinant of investment results.
Sector rotation is the movement of investment flows from one sector/industry to another as investors and traders anticipate the next stages of business cycles. The economy broadly moves through four different phases in the economic cycle: early, mid, late, and recession. The business cycle and its four phases are explained in detail in the strategy section. As the economy moves through the business cycles, a sector/industry and the companies that dominate it may thrive or languish, depending on the cycle and its effects on that sector/industry. A business cycle-driven investment approach, along with a focus on industry drivers and valuations, can provide investors with a long-term investment edge.
Why Covered Call Income?
A covered call strategy, a type of an options overlay strategy, allows an investor to potentially earn income through an option premium received by selling the right to buy the stock over the strike price within a certain time frame.
In return, the investor’s upside can be limited if the price of the stock at expiration exceeds the strike price plus the option premium received.
The Fund uses covered call strategy to potentially generate income from its long positions while staggering the strike prices and expirations to manage the risk of positions being called.
Performance
| 1 Mo. | 3 Mo. | 6 Mo. | Since Inception (4/30/24) | ||
|---|---|---|---|---|---|
| Fund NAV | - | - | - | - | |
| Market Price | - | - | - | - | |
| Month end returns as of: TBD |
| 1 Mo. | 3 Mo. | 6 Mo. | Since Inception (4/30/24) | ||
|---|---|---|---|---|---|
| Fund NAV | - | - | - | - | |
| Market Price | - | - | - | - | |
| Quarter end returns as of: TBD |
Performance data shown represents past performance and is no guarantee of, and not necessarily indicative of future results. Total return and value will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. Returns include changes in share price and reinvestment of dividends and capital gains, if any.
Shares are bought and sold are market price, not net asset value (NAV). Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time. NAV represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day. Your returns may differ if you traded shares at other times.
The total fund operating expense is 1.27%.
Net Expense: 1.05%. The Fund's investment advisor has contractually agreed to waive its fees and/or absorb expenses to ensure that Total Annual Fund Operating Expenses for the Fund (excluding any front-end or contingent deferred loads, brokerage fees and commissions, acquired fund fees and expenses, borrowing costs and extraordinary expenses do not exceed 1.00% of the Fund’s average net assets through June 30, 2025.
HISTORICAL PREMIUM/DISCOUNT
| Days at premium |
| Days at zero premium/discount |
| Days at discount |
Fund Details (ETF INFORMATION) |
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|---|---|---|---|---|---|---|---|---|---|---|
| Inception Date | Ticker | Primary Exchange | CUSIP | NAV (as of TBD) |
Market (as of TBD) |
Net Assets (as of TBD) | Shares Outstanding (as of TBD) | Volume | Premium/Discount | 30-Day Median Bid/Ask Spread |
| 4/30/24 | PSTR | NASDAQ, Inc. | 66538F140 | - | - | TBD | TBD | - | - | - |
| Data as of TBD |
Fund Documents
| Prospectus |
| SAI |
TOP 10 HOLDINGS (subject to change)
| PERCENTAGE OF NET ASSETS | NAME | TICKER | IDENTIFIER | SHARES HELD | MARKET VALUE |
|---|---|---|---|---|---|
| Data as of TBD |
Holdings are subject to change. Current and future holdings are subject to risk and should not be considered investment advice.