RORO ETF

Overview

  • RORO ETF rotates offensively or defensively based on historically proven leading indicators of volatility, with the goal of taking less risk at the right time.
 
  • The ETF that rotates around US small-caps and growth (risk-on), and Treasuries (risk-off) based on Lumber relative to Gold as a risk trigger.

Fund Details

Fund Inception

11/17/2020

Ticker RORO
Primary Exchange NYSE
CUSIP

886364843

IOPV Symbol RORO.IV
NAV Symbol RORO.NV
Gross Expense Ratio *

1.40%

Net Expense Ratio *

1.13%

30 Day SEC Yield **

-0.35%

*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. 

**As of 12/31/20 

**The 30-Day SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on maximum offering price per share and does not reflect waivers in effect. 

Fund Data & Pricing

Net Assets

$2.04m

Nav

$20.42

Shares Outstanding

100,000

Premium/Discount Percentage

0.11%

Closing Price

$20.44

Median 30 Day Spread

0.30%

Net Assets$25.64m
Nav$22.80
Shares Outstanding1,125,000
Premium/discount Percentage0.00%
Closing Price$22.80
Median 30 Day Spread0.23%
Date as of 01/15/2021

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 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 of 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

Cumulative

As of December 31, 2020
Fund

MTD

QTD

YTD

RORO NAV

8.16%

-

-

RORO MKT

8.54%

-

-

Index

3.75%

-

-

SPTR2

3.84%

-

-

Annualized

As of December 31, 2020

QTD

YTD

1 YEAR

3 YEAR

SINCE INCEPTION

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Returns less than one year are cumulative

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. Performance current to the most recent month-end can be obtained by calling 855-atacfund.

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.

Distribution Detail

EX-Date

Record Date

Payable Date

Amount

-

-

-

-

TOP 10 Holdings

Date as of 01/19/2021. Holdings are subject to change.

Data as of 11/27/2020. Holdings are subject to change.

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ATACX

ATAC ROTATION FUND

ATACX had an Overall Morningstar Rating of 5 Stars out of 224 Tactical Allocation Funds as of 9/30/2020 based on risk adjusted returns.

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating™ for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating™ metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

In each Morningstar Category, the 10% of funds with the lowest measured risk are described as Low Risk, the next 22.5% Below Average, the middle 35% Average, the next 22.5% Above Average, and the top 10% High. Morningstar Risk is measured for up to three time periods (three, five, and 10 years). These separate measures are then weighted and averaged to produce an overall measure for the fund. Funds with less than three years of performance history are not rated.

The ATAC Rotation Investor (ATACX) received 5 stars for the 3- and 5-year time periods among 224 and 185 Tactical Allocation funds for the period ending 9/30/20. Ratings for other share classes may differ.

©2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.