JOJO

Credit-On/Credit-Off ETF

Fund Summary

JOJO is a bond ETF that rotates offensively or defensively based on a historically proven leading indicator of volatility, with the goal of taking less risk at the right time.

The ETF rotates around high yield debt (risk-on), and Treasuries (risk-off) based on Utilities relative to the broad stock market as a risk trigger.

Fund Information

Fund Name JOJO
Fund Inception 07/15/2021
Ticker JOJO
Primary Exchange NYSE
CUSIP 886364678
NAV Symbol JOJO.NV
Gross Expense Ratio* 1.44%
Net Expense Ratio* 1.17%
30-Day SEC Yield** 2.00%

*The Fund’s investment adviser has contractually agreed to reduce its unitary management fee to 0.98% of the Fund’s average daily net assets through at least December 31, 2021.

**The 30-Day SEC Yield is calculated with a standardized formula mandated by the SEC. The formula is based on the maximum offering price per share and does not reflect waivers in effect. As of 10/31/2021

Fund Data and Pricing

Date as of 08/13/2021
Data as of
Date as of 11/26/2021
Net Assets$9.99m
Nav$19.97
Shares Outstanding500,000
Premium/discount Percentage0.02%
Closing Price$19.98
Median 30 Day Spread0.15%
Net Assets $4.00m
Nav $20.00
Shares Outstanding 200,000
Premium/discount Percentage 0.00%
Closing Price $20.00
Median 30 Day Spread 0.15%

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

30-Day Median Spread is a calculation of the Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10-second interval during each trading day during the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Performance Returns (Month-End & Quarter-End)

Inception Date: 07/15/2021
Month-End as of October 31, 2021 Quarter-End as of September 30, 2021
MTD QTD YTD SINCE INCEPTION QTD YTD 1 YEAR 3 YEAR SINCE INCEPTION
Market Price 1.46% 1.46% - 2.21% 0.73% - - - 0.73%
Fund NAV 1.61% 1.61% - 2.27% 0.65% - - - 0.65%
JOJO Index 1.86% 1.86% - 2.97% -0.02% - - - 1.10%

The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (855-282-2386).

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on historical returns. Returns beyond 1 year are annualized.

A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.

The index rotates between long-tern US treasuries and high yield corporate bonds on a weekly basis based on a proprietary signal that considers the relative performance of large cap US equities and US utilities equities. The index is composed of US-listed ETF securities.

Performance Returns (Calendar Year)

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Distribution Detail

FUND NAME EX-DATE RECORD DATE PAYABLE DATE AMOUNT
JOJO 8/3/2021 8/4/2021 8/6/2021 $0.0192
JOJO 9/2/2021 9/3/2021 9/8/2021 $0.0675
JOJO 10/4/2021 10/5/2021 10/7/2021 $0.0690
JOJO 11/2/2021 11/3/2021 11/5/2021 $0.0267

Top 10 Holdings

Holdings subject to change.
Data as of

Date as of 07/20/2021
Holdings are subject to change.

Date as of 11/29/2021.
Holdings are subject to change.

How to Purchase JOJO

The ATAC Credit Rotation ETF (JOJO) is available through various channels including via phone 1-855-282-2386,  broker-dealers, investment advisers, and other financial services firms, including:

This Fund is not affiliated with these financial service firms. Their listing should not be viewed as a recommendation or endorsement.

In the News

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, click here. Read the prospectus or summary prospectus carefully before investing.

Fund Risks: An investment in the Fund is subject to numerous risks including the possible loss of principal. There can be no assurance that the Fund will achieve its investment objective. Equity securities, such as common stocks, are subject to market, economic and business risks that may cause their prices to fluctuate. As with all ETFs, Fund shares may be bought and sold in the secondary market at market prices. The market price normally should approximate the Fund’s net asset value per share (NAV), but the market price sometimes may be higher or lower than the NAV. The Fund is new with a limited operating history. There are a limited number of financial institutions authorized to buy and sell shares directly with the Fund, and there may be a limited number of other liquidity providers in the marketplace. There is no assurance that Fund shares will trade at any volume, or at all, on any stock exchange. Low trading activity may result in shares trading at a material discount to NAV. Please see the prospectus and summary prospectus for a complete description of principal risks.

Debt securities are subject to the risk of an issuer’s (or other party’s) failure or inability to meet its obligations under the security. Multiple parties may have obligations under a debt security. An issuer or borrower may fail to pay principal and interest when due.  The prices of fixed income securities may be affected by changes in interest rates, the creditworthiness and financial strength of the issuer and other factors. An increase in prevailing interest rates typically causes the value of existing fixed income securities to fall and often has a greater impact on longer duration and/or higher quality fixed income securities.

The Fund’s investments will be concentrated in an industry or group of industries to the extent the Index is so concentrated. In such event, the value of Shares may rise and fall more than the value of shares that invest in securities of companies in a broader range of industries. Investments in securities or other instruments of foreign securities involve certain risks not involved in domestic investments and may experience more rapid and extreme changes in value than investments in securities of U.S. companies.

The fund is distributed by Foreside Fund Services, LLC.