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 09/06/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$2.15 M
Holdings in Top 10
79.0%
Expense Ratio 0.90%
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 09/06/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund will invest at least 80% of its assets in securities of the Nasdaq 5HANDL™ Index (the Index). The Index generally consists of securities issued by exchange-traded funds (ETFs) and is split into two components, with a 50% allocation to fixed income and equity ETFs (the Core Portfolio) and a 50% allocation to ETFs of 12 asset categories (the Explore Portfolio) as described below. Because the Index is comprised of securities issued by other investment companies, the Fund operates as a fund of funds.
The Index is broadly diversified and seeks to offer the potential for high monthly distributions while maintaining a stable net asset value over time. The Index is expected to include 19 ETFs. The goal of the Index is to represent an allocation to a balanced portfolio of U.S. equities, fixed income securities and alternative investments. The Index will have risk characteristics similar to the broad US capital markets and will generally rise and fall with prevailing market conditions, with the goal, but not the guarantee, of achieving a total return sufficient, over time and after expenses, to support a five percent (5.0%) annual distribution rate.
The Core Portfolio component of the Index seeks to provide broad exposure to the U.S. fixed-income and equity markets and consists of a 70% allocation to U.S. aggregate fixed-income ETFs (the Core Fixed Income Sleeve) and a 30% allocation to U.S. large capitalization equity ETFs (the Core Equity Sleeve). The Index defines U.S. aggregate fixed income ETFs as those ETFs that provide exposure to the entire U.S. investment grade bond market without limitation of duration or issuer. The Index defines U.S. large cap equity ETFs as those ETFs that provide exposure to a similar market capitalization range of the large capitalization segment of the Nasdaq US Benchmark Index.
The Core Fixed Income Sleeve weighting methodology allocates on an equal weight basis to the three U.S. aggregate bond ETFs with the lowest expense ratios after waivers. Half of the Core Equity Sleeve is allocated on an equal weight basis to the three U.S. large cap ETFs with the lowest expense ratios after waivers and the remaining half of the Core Equity Sleeve is allocated to the largest ETF (by assets under management) that tracks the Nasdaq-100 Index®. The Core Portfolio is rebalanced monthly to re-weight the Core Portfolio in accordance with this methodology and is reconstituted annually in January.
The Explore Portfolio component of the Index employs a 100% rules-based proprietary momentum-tilted, optimized allocation methodology to provide exposure to non-levered ETFs across a range of U.S. asset categories that have historically provided high levels of income. The following 12 asset categories are represented in the Explore Portfolio, and the Fund expects that less than 16% of the Funds assets will be invested in any one category: Dividend Equity – an ETF that provides exposure to domestic dividend-paying stocks; Options Overlay – an ETF that provides exposure to equity portfolios that include an options overlay; High-Yield Bonds – an ETF that provides exposure to domestic high-yield corporate bonds (also known as junk bonds) of any duration or maturity; Investment Grade Bonds – an ETF that provides exposure to domestic investment grade corporate bonds of any duration or maturity; MLPs – an ETF that provides exposure to master limited partnerships; MBS – an ETF that provides exposure to mortgage-backed securities (MBS), including residential, commercial, agency, and non-agency MBS, high-yield MBS, collateralized debt obligations, and collateralized loan obligations; Active Fixed Income – an ETF that provides broad exposure to actively managed fixed income ETFs that invest in securities of any duration or maturity; Preferred Securities – an ETF that provides exposure to domestic preferred securities; REITs – an ETF that provides exposure to domestic real estate investment trusts; Growth & Income – an ETF that provides exposure to multiple asset portfolios of stocks and bonds or ETFs of stocks and bonds; Utilities – an ETF that provides exposure to domestic utility securities; and Build America Bonds – an ETF that provides exposure to Build America Bonds. Build America Bonds are taxable municipal bonds that include tax credits and/or federal subsidies for bondholders and state and local bond issuers. These bonds may be of any maturity or duration. The Explore Portfolio includes ETFs that can invest without limit as to maturity or duration. Up to 9% of the Index may be exposed to below investment grade securities (i.e., junk bonds) that are rated C or lower through its High Yield Bonds asset category. The Indexs overall indirect exposure to defaulted securities will be less than 5% of the Index.
Each asset category in the Explore Portfolio is represented by a single ETF. By default, the ETF representative of an asset category is the largest ETF (by assets under management) in the asset category. However, an ETF that is not the largest ETF in the asset category may serve as the ETF representative if it has an expense ratio after waivers at least 20% lower than the largest ETF in the asset category. If there are multiple such ETFs with expense ratios at least 20% lower than that of the largest ETF, the ETF with the lowest expense ratio after waivers shall serve as the ETF representative of the asset category. An ETF cannot represent more than one asset category.
The 12 ETF representatives of the Explore Portfolio asset categories are weighted using the Indexs proprietary weighting methodology that measures an ETFs returns, dividend and volatility, subject to the constraints that no position may be less than 15% nor more than 185% of an equal weight position within the Explore Portfolio of the Index. The Explore Portfolio is rebalanced on a monthly basis to weight the Explore Portfolio in accordance with this methodology and is reconstituted annually in January.
The Fund employs a passive management investment strategy in seeking to achieve its investment objective. The Fund will typically invest 100% of its assets in the Indexs component securities. Unlike many investment companies, the Fund does not try to beat the Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Fund generally will use a replication methodology, meaning it will seek to invest in all of the ETFs comprising the Index in proportion to the weightings in the Index. However, under various circumstances, the Fund may use a representative sampling strategy, whereby the Fund would invest in what it believes to be a representative sample of the component securities of the Index. To the extent the Fund uses a representative sampling strategy, it may not track the Index with the same degree of accuracy as would an investment vehicle replicating the entire Index. The Fund will concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries. As of the date of this prospectus, the Index is not concentrated.
The Index was created by and is provided by Bryant Avenue Ventures LLC (the Index Provider) and is calculated by Nasdaq, Inc. (the Index Calculator). The Index Provider and Index Calculator are not affiliated with the Fund or the Advisor.
Distribution Policy: In order to allow shareholders of the Fund to realize a predictable, but not assured, level of cash flow, the Fund has adopted a policy (which may be modified at any time by its Board of Trustees) to pay monthly distributions on Fund shares at a target rate that represents an annualized payout of approximately 5.0% on the Funds per-share net asset value on the date of a distributions declaration. Shareholders receiving periodic payments from the Fund may be under the impression that they are receiving net profits. However, all or a portion of a distribution may consist of a return of capital. Shareholders should not assume that the source of a distribution from the Fund is net profit. For more information about the Funds distribution policy, please turn to Additional Information About the Funds Principal Investment Strategies and Related Risks – Principal Investment Strategies – Distribution Policy and Goals section in the Funds Prospectus.
Period | FIVR Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -16.7% | 2.4% | 97.89% |
1 Yr | N/A | -29.8% | 5.2% | N/A |
3 Yr | N/A* | -11.2% | 3.1% | N/A |
5 Yr | N/A* | -8.5% | 2.9% | N/A |
10 Yr | N/A* | -3.1% | 3.7% | N/A |
* Annualized
Period | FIVR Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -18.3% | -39.5% | 2.3% | N/A |
2022 | N/A | -4.4% | 4.8% | N/A |
2021 | N/A | -5.7% | 7.6% | N/A |
2020 | N/A | -7.4% | 4.1% | N/A |
2019 | N/A | -3.1% | 3.6% | N/A |
Period | FIVR Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -16.7% | 2.4% | 99.30% |
1 Yr | N/A | -29.8% | 5.2% | N/A |
3 Yr | N/A* | -11.2% | 3.1% | N/A |
5 Yr | N/A* | -8.5% | 2.9% | N/A |
10 Yr | N/A* | -3.1% | 3.7% | N/A |
* Annualized
Period | FIVR Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -14.1% | -39.5% | 2.3% | N/A |
2022 | N/A | -4.4% | 4.8% | N/A |
2021 | N/A | -5.7% | 7.6% | N/A |
2020 | N/A | -3.5% | 4.1% | N/A |
2019 | N/A | -3.1% | 7.2% | N/A |
FIVR | Category Low | Category High | FIVR % Rank | |
---|---|---|---|---|
Net Assets | 2.15 M | 1.58 M | 6.08 B | 98.59% |
Number of Holdings | 19 | 3 | 7774 | 50.00% |
Net Assets in Top 10 | 1.67 M | -56 M | 5.07 B | 96.48% |
Weighting of Top 10 | 78.99% | 10.9% | 100.0% | 66.17% |
Weighting | Return Low | Return High | FIVR % Rank | |
---|---|---|---|---|
Cash | 0.27% | -54.98% | 76.00% | 86.62% |
Stocks | 0.00% | -1.95% | 57.00% | 1.41% |
Preferred Stocks | 0.00% | 0.00% | 3.73% | 0.70% |
Other | 0.00% | -3.09% | 22.34% | 44.37% |
Convertible Bonds | 0.00% | 0.00% | 3.97% | 54.93% |
Bonds | 0.00% | 0.00% | 130.40% | 93.66% |
FIVR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.90% | 0.11% | 3.16% | 51.41% |
Management Fee | 0.46% | 0.00% | 1.25% | 84.51% |
12b-1 Fee | N/A | 0.00% | 1.00% | 1.19% |
Administrative Fee | N/A | 0.01% | 0.70% | N/A |
FIVR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
FIVR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
FIVR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 6.00% | 318.00% | N/A |
FIVR | Category Low | Category High | FIVR % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 8.12% | 52.82% |
FIVR | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Quarterly |
FIVR | Category Low | Category High | FIVR % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -1.30% | 3.99% | N/A |
FIVR | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Aug 15, 2023 | $0.026 | OrdinaryDividend |
Jul 18, 2023 | $0.068 | OrdinaryDividend |
Jun 15, 2023 | $0.063 | OrdinaryDividend |
May 15, 2023 | $0.087 | OrdinaryDividend |
Apr 18, 2023 | $0.009 | OrdinaryDividend |
Mar 15, 2023 | $0.027 | OrdinaryDividend |
Feb 15, 2023 | $0.059 | OrdinaryDividend |
Jan 18, 2023 | $0.074 | OrdinaryDividend |
Dec 15, 2022 | $0.068 | OrdinaryDividend |
Nov 15, 2022 | $0.085 | OrdinaryDividend |
Oct 17, 2022 | $0.064 | OrdinaryDividend |
Sep 16, 2022 | $0.053 | OrdinaryDividend |
Aug 15, 2022 | $0.025 | OrdinaryDividend |
Jul 18, 2022 | $0.058 | OrdinaryDividend |
Jun 15, 2022 | $0.056 | OrdinaryDividend |
May 16, 2022 | $0.020 | OrdinaryDividend |
Apr 18, 2022 | $0.049 | OrdinaryDividend |
Mar 15, 2022 | $0.045 | OrdinaryDividend |
Feb 15, 2022 | $0.018 | OrdinaryDividend |
Jan 18, 2022 | $0.011 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Dec 28, 2021
0.42
0.4%
David Miller, Owner and Chief Investment Officer of Rational Advisors, Inc. since 2016. He is a co-founder and has served as Chief Investment Officer of Catalyst Capital Advisors LLC since 2006, and is responsible for the day-to-day management of several funds managed by Catalyst. Mr. Miller is also a member of Catalyst International Advisors LLC since 2019, Insights Media LLC since 2019, and Catalyst Insurance Corporation II since 2018. Prior to founding Catalyst, Mr. Miller was the CEO of Investment Catalyst, an investment newsletter he founded in 2005. The Investment Catalyst newsletter worked to identify undervalued stocks with a near term catalyst for appreciation. Mr. Miller was a trader with UBS, working on the equity derivatives desk from July 2002 until December 2002. Mr. Miller was the CEO of MovieDaze Media Group, a search engine marketing company that he co-founded in 2003 and sold in 2006. He received a BS in Economics from the University of Pennsylvania, Wharton School and a MBA in Finance from the University of Michigan, Ross School of Business.
Start Date
Tenure
Tenure Rank
Dec 28, 2021
0.42
0.4%
Charles Ashley, Portfolio Manager of Rational Advisors, Inc since 2019. Mr. Ashley joined Rational in February 2016 as a senior analyst to provide investment research and assist with the day-to-day management of several mutual funds. He has also served as a portfolio manager at Catalyst since 2017, and joined Catalyst as a senior analyst in February 2016. From 2013 to 2016, he was the Executive Vice President of Absocold Corporation, a privately held white goods manufacturer. From 2006 to 2013, he served in various sales and management roles with Absocold Corporation. His previous experience also includes equity sales and equity research at BMO Capital Markets in 2012. Mr. Ashley has an MBA from the University of Michigan Ross School of Business and a B. A. from the Michigan State University Eli Broad College of Business.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 26.96 | 6.1 | 1.92 |
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...