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.s
- 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.
- Investment Case
- Prospectus
- Summary Prospectus
- Fact Sheet
- Quarterly Reviews
- SAI
- Semi-Annual Report
Fund Details
| Fund Inception | 12/13/2019 |
| Ticker | RORO |
| Primary Exchange | NYSE |
| CUSIP | 886364603 |
| IOPV Symbol | RORO.IV |
| NAV Symbol | RORO.NV |
| Gross Expense Ratio * | 0.53% |
| Net Expense Ratio * | 0.50% |
| 30 Day SEC Yield ** | 1.52% |
* As of 09/30/20
Fund Data & Pricing
| Net Assets | $10.99m |
| Nav | $16.91 |
| Shares Outstanding | 650,000 |
| Premium/discount Percentage | 0.10% |
| Closing Price | $16.93 |
| Median 30 Day Spread | 0.28% |
| Net Assets | $291.2m |
| NAV | $22.02 |
| Shares Outstanding | 1325000 |
| Premium/discount Percentage | 1.55% |
| Closing Price | $22.31 |
| Median 30 Day Spread | 0.34% |
Data as of 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.
Fund Details
| Fund Inception | 12/13/2019 |
| Ticker | RORO |
| Primary Exchange | NYSE |
| CUSIP | 886364603 |
| IOPV Symbol | RORO.IV |
| NAV Symbol | RORO.NV |
| Gross Expense Ratio * | 0.53% |
| Net Expense Ratio * | 0.50% |
| 30 Day SEC Yield ** | 1.52% |
* As of 09/30/20
Fund Data & Pricing
| Net Assets | $291.2m |
| NAV | $22.02 |
| Shares Outstanding | 1325000 |
| Premium/discount Percentage | 1.55% |
| Closing Price | $22.31 |
| Median 30 Day Spread | 0.34% |
Data as of 10/08/2020
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
Returns as of 9/30/2020
As of November 31, 2020
| Fund | MTD | QTD | YTD |
|---|---|---|---|
| Nav | 1.07% | 20.45% | -18.23% |
| Market Price | 0.97% | 20.28% | -18.20% |
As of November 31, 2020
QTD | YTD | 1 YEAR | 3 YEAR | SINCE INCEPTION |
|---|---|---|---|---|
1.07% | 1.07% | 20.45% | -18.23% | -18.23% |
1.07% | 0.97% | 20.28% | -18.20% | -18.20% |
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.
Distribution Detail
EX-Date | Record Date | Payable Date | Amount |
|---|---|---|---|
December 26, 2019 | December 27, 2019 | December 27, 2019 | 0.04717 |
TOP 10 Holdings
Holdings are subject to change.
Data as of 11/10/2020.Holdings are subject to change.
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