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 ** | -0.15% |
*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 maximum offering price per share and does not reflect waivers in effect. As of 5/31/21
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 | $27.5m |
| Nav | $23.40 |
| Shares Outstanding | 1,175,000 |
| Premium/discount Percentage | -0.09% |
| Closing Price | $23.38 |
| Median 30 Day Spread | 0.18% |
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 May 31, 2021
| Fund | MTD | QTD | YTD |
|---|---|---|---|
RORO NAV | -3.45% | 2.17% | 3.18% |
RORO MKT | -3.32% | 2.09% | 3.07% |
Index | 1.23% | 4.57% | 8.80% |
SPTR2 | 0.70% | 6.07% | 12.62% |
Annualized
As of March 31, 2020
QTD | YTD | 1 YEAR | 3 YEAR | SINCE INCEPTION |
|---|---|---|---|---|
0.98% | 0.98% | - | - | 11.34% |
0.95% | 0.95% | - | - | 11.55% |
4.05% | 4.05% | - | - | 8.70% |
6.17% | 6.17% | - | - | 10.70% |
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.
TOP 10 Holdings
Data as of 11/27/2020. Holdings are subject to change.
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