Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/10/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
-3.1%
1 yr return
-3.7%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$15.1 M
Holdings in Top 10
128.6%
Expense Ratio 1.49%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 11/10/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund’s Investment Strategy
The Fund employs a “passive management” (or indexing) investment approach designed to track the performance, before fees and expenses, of the Index. The Fund employs two different investment strategies depending on whether the Index anticipates a bull market or a bear market.
When a bull market is anticipated, the Fund’s portfolio will generally reflect a classic aggressive portfolio having approximately 70/30 domestic/international equity allocation weights. In that case, the Fund will generally invest in six ETFs that are considered geopolitical sector ETFs or economic sector ETFs.
● | Economic sector ETFs include ETFs that invest primarily in one of several economic sector categories, such as healthcare, energy, technology, and finance. |
● | Geopolitical sector ETFs include ETFs that invest primarily in a particular world region, such as Europe, Latin America, and the Asia Pacific, or any of the many individual countries of the world. |
Conversely, when a bear market is anticipated, the Fund will generally invest in at least four ETFs that typically have a more conservative risk profile compared to the bull market ETFs. However, except as noted below, even when a bear market is anticipated, the Fund may invest in ETFs that are considered high-risk or are subject to equity market volatility, such as junk bond funds and equity funds. When a bear market is anticipated, the Fund will invest primarily in ETFs that are considered inflation protected, medium- and long-term treasury funds, aggregate bond funds, long-term bond funds, corporate bond funds, high-yield bond funds, gold funds, and broad-based U.S. equity market funds. However, if the Index anticipates a bear market due to excess market volatility, the Index will be limited to inflation protected, medium- and long-term treasury ETFs.
The sector categories described above are viewed as general guidelines and the scope of each category is interpreted broadly. As a result, a single ETF may be included in more than one category. Also, in some instances, the Index may select a broad U.S. equity market ETF instead of an ETF from one of the categories described above.
Under normal circumstances, at least 80% of the Fund’s total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the Index.
The Fund will generally use a “replication” strategy to seek to achieve its investment objective, meaning the Fund will invest in all of the component securities of the Index in the same approximate proportions as in the Index, but may, when Empowered Funds, LLC, dba EA Advisers (the “Adviser”) believes it is in the best interests of the Fund, use a “representative sampling” strategy, meaning the Fund may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole.
Up to 20% of the Fund’s assets may be held in cash and cash equivalents (including U.S. treasury bills), or in other ETFs not included in the Index but which the Adviser believes will help the Fund track the Index or as may be necessary for the Fund to comply with regulatory constraints (for example, potential limitations on investments in some underling ETFs).
The Fund will be considered to be 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.
The Index
The Index seeks to determine whether U.S. equity markets appear to be in an advancing market (a “Bull” indicator) or appear to have an elevated risk of market decline (a “Bear” indicator). The Index uses a computer algorithm to make the assessment. The Index will remain in a Bull mode (or a Bear mode), as the case may be, until the algorithm determines to shift from Bull to Bear (or vice versa). Shifts generally occur at calendar month end, but may occur mid-month if the algorithm anticipates significant market shifts. The Index uses a form of artificial intelligence that seeks to evolve and improve the selection of ETFs over time.
A more detailed description of the Index’s methodology is provided below under the heading “Additional Information About the Indices.”
As of September 30, 2022, the Index was weighted as follows: Vanguard Long-Term Treasury Index Fund (35%), SPDR Portfolio Long Term Treasury ETF (30%), iShares 20+ Year Treasury Bond ETF (20%), iShares 10-20 Year Treasury Bond ETF (15%).
Period | DUDE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.1% | -23.1% | 13.0% | 93.28% |
1 Yr | -3.7% | -35.8% | 24.9% | 25.10% |
3 Yr | N/A* | -18.8% | 16.5% | N/A |
5 Yr | N/A* | -14.6% | 12.6% | N/A |
10 Yr | N/A* | -9.0% | 4.1% | N/A |
* Annualized
Period | DUDE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -28.6% | -48.5% | 15.7% | 0.81% |
2022 | 13.9% | -10.0% | 21.8% | N/A |
2021 | N/A | -5.8% | 15.2% | N/A |
2020 | N/A | -7.6% | 6.4% | N/A |
2019 | N/A | -6.8% | 8.1% | N/A |
Period | DUDE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.1% | -29.8% | 13.0% | 97.63% |
1 Yr | -3.7% | -35.8% | 24.9% | 25.10% |
3 Yr | N/A* | -18.8% | 16.5% | N/A |
5 Yr | N/A* | -14.6% | 12.6% | N/A |
10 Yr | N/A* | -9.0% | 6.3% | N/A |
* Annualized
Period | DUDE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -23.6% | -48.5% | 15.7% | 0.81% |
2022 | 14.2% | -10.0% | 21.8% | N/A |
2021 | N/A | -5.8% | 15.2% | N/A |
2020 | N/A | -6.8% | 6.4% | N/A |
2019 | N/A | -6.8% | 11.4% | N/A |
DUDE | Category Low | Category High | DUDE % Rank | |
---|---|---|---|---|
Net Assets | 15.1 M | 1.96 M | 15.7 B | 54.33% |
Number of Holdings | 7 | 2 | 3255 | 88.58% |
Net Assets in Top 10 | 25.3 M | 349 K | 12.1 B | 45.67% |
Weighting of Top 10 | 128.58% | 22.2% | 100.0% | 0.44% |
Weighting | Return Low | Return High | DUDE % Rank | |
---|---|---|---|---|
Stocks | 99.95% | 0.00% | 238.38% | 3.15% |
Cash | 28.63% | -65.52% | 88.88% | 84.65% |
Preferred Stocks | 0.00% | 0.00% | 6.21% | 25.98% |
Other | 0.00% | -72.87% | 73.78% | 62.99% |
Convertible Bonds | 0.00% | 0.00% | 8.92% | 53.54% |
Bonds | 0.00% | 0.00% | 106.59% | 81.10% |
Weighting | Return Low | Return High | DUDE % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 91.12% | 83.02% |
Technology | 0.00% | 0.00% | 85.77% | 50.47% |
Real Estate | 0.00% | 0.00% | 99.45% | 81.60% |
Industrials | 0.00% | 0.00% | 23.85% | 87.26% |
Healthcare | 0.00% | 0.00% | 38.63% | 81.60% |
Financial Services | 0.00% | 0.00% | 98.22% | 86.79% |
Energy | 0.00% | 0.00% | 60.89% | 11.32% |
Communication Services | 0.00% | 0.00% | 21.61% | 76.89% |
Consumer Defense | 0.00% | 0.00% | 37.51% | 2.36% |
Consumer Cyclical | 0.00% | 0.00% | 25.83% | 61.79% |
Basic Materials | 0.00% | 0.00% | 56.73% | 3.77% |
Weighting | Return Low | Return High | DUDE % Rank | |
---|---|---|---|---|
US | 99.95% | -1.19% | 235.84% | 5.51% |
Non US | 0.00% | -6.82% | 98.11% | 48.82% |
DUDE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.49% | 0.44% | 3.72% | 66.01% |
Management Fee | 1.25% | 0.00% | 1.50% | 90.94% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.05% | 0.70% | N/A |
DUDE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
DUDE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
DUDE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 441.00% | 72.28% |
DUDE | Category Low | Category High | DUDE % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 37.53% | 37.15% |
DUDE | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Monthly | Quarterly |
DUDE | Category Low | Category High | DUDE % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -2.12% | 13.72% | 59.84% |
DUDE | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Jun 30, 2023 | $0.069 | OrdinaryDividend |
Mar 31, 2023 | $0.072 | OrdinaryDividend |
Jan 06, 2023 | $1.468 | OrdinaryDividend |
Jan 05, 2022 | $0.086 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Dec 29, 2020
1.42
1.4%
Mr. Brandon Koepke serves as Chief Technology Officer & Portfolio Manager. Mr. Koepke has a BSc in Computer Science specializing in Software Engineering at the University of Calgary and a BComm in Finance from the Haskayne School of Business.
Start Date
Tenure
Tenure Rank
Jan 31, 2022
0.33
0.3%
Mr. Richard Shaner has been portfolio manager of the Fund since 2021. Mr. Shaner has advised on trading and execution matters for the Adviser since January 2021, where he supports trading operations and assists in quantitative research. Prior to Mr. Shaner’s tenure with the Adviser, Mr. Shaner executed various trading strategies for a private family office. Mr. Shaner has a B.Sc in Kinesiology and Applied Physiology from the University of Colorado. He is also a CFA® Charterholder.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 33.83 | 6.64 | 13.0 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...