‹ Back to Funds

Emles Protective Allocation ETF

Key Fund Information
Performance
Holdings
Historical Pricing
Premium & Discounts
Distributions & Capital Gains

* The 30-Day SEC Yield represents net investment income earned by the Fund over the 30-Day period ended most recent month end, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period.

Fund Documents

Fact Sheet

Summary Prospectus

Prospectus

Distribution Schedule

Quarterly Commentary

2020 Semi-Annual Report

Schedule of Investments

Fund Objective

The Emles Protective Allocation ETF (DEFN) seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Emles Protective Allocation Index, an index that seeks to provide exposure to securities that can preserve capital and protect portfolios through a longer and more persistent economic downturn.

Why the Emles Protective Allocation ETF?

Opportunity

We believe that potential economic and market uncertainty, accompanied with bouts of heightened volatility, is likely to persist going forward and that a strategic and protective allocation may help portfolios weather the risks ahead.

Portfolio

The Emles Protective Allocation ETF (DEFN) strategically allocates across assets that have historically preserved capital in periods of stress.

Outcome

The Emles Protective Allocation ETF (DEFN) aims to provide investors competitive returns in benign market environments while protecting portfolios in periods of extreme market stress.

Top 10 Holdings

Full Holdings

Holdings are subject to change. The holdings listed should not be considered recommendations to purchase or sell a particular security. Each individual security is calculated as a percentage of the net assets.

Historical NAV and Market Price

Full Chart Data

Past performance is no guarantee of future results.

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 generally determined using the official closing price of the Fund.

Premium & Discounts

Full Chart Data

Past performance is no guarantee of future results.

ETF shares are bought and sold throughout the day on an exchange at market price (not NAV) through a brokerage account, and are not individually redeemed. An ETF premium or discount is the amount the ETF is trading above or below the reported NAV expressed as a percentage of the NAV. When the ETF’s market price is greater than its NAV, it is said to be trading at a “premium” and the percentage expressed as a positive number. Conversely, when the market price is less than its NAV, it is said to be trading at a “discount” and the percentage expressed as a negative number.

Distributions & Capital Gains

Distribution Schedule

Historical Distributions and Capital Gains

Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the Fund’s prospectus, which may be obtained by visiting www.emles.com or by calling +1 (833) 673-2661. Please read the prospectus carefully before you invest.

Investing involves risk, including possible loss of principal. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Fixed income securities are subject to interest rate, inflation, credit and default risk. Investments in derivatives involve a number of risks, including counterparty risk, illiquidity, and losses greater than if they had not been used. Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Events or conditions in one region or financial market may adversely impact issuers in a different country, region or financial market. Global events such as the current novel coronavirus (COVID-19), terrorist attacks, natural disasters, social and political discord or debt crises and downgrades, among others, may result in market volatility and have long term effects on both the U.S. and global financial markets. The Fund is non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As a result, the Fund may be more exposed to the risks affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance. The Fund is not actively managed and would only sell shares of an equity security if that security is removed from the Index or the Index is rebalanced. Please see the prospectus for details of these and other risks.