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Freedom Day Dividend ETF
Active ETF
MBOX
Payout Change
Pending
Price as of:
$31.3289
+0.16
+0.53%
primary theme
N/A
MBOX (ETF)
Freedom Day Dividend ETF
Payout Change
Pending
Price as of:
$31.3289
+0.16
+0.53%
primary theme
N/A
MBOX (ETF)
Freedom Day Dividend ETF
Payout Change
Pending
Price as of:
$31.3289
+0.16
+0.53%
primary theme
N/A
Name
As of 04/29/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
9.7%
1 yr return
28.2%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$91.2 M
Holdings in Top 10
24.4%
52 WEEK LOW AND HIGH
$31.2
$24.09
$32.12
Expenses
OPERATING FEES
Expense Ratio 0.39%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/29/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MBOX - Profile
Distributions
- YTD Total Return 9.7%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 1.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFreedom Day Dividend ETF
-
Fund Family NameN/A
-
Inception DateMay 05, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrandon Koepke
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in equity securities that the Sub-Adviser (Freedom Day Solutions, LLC) believes have the potential to provide rising dividend income streams to the Fund over time.
Generally, the Sub-Adviser recommends investments using both fundamental analyses and quantitative methods. The Sub-Adviser analyzes the universe of equity securities trading on U.S. stock exchanges with market capitalizations generally above $1 billion. That is, the Fund will invest in large- and mid-capitalization companies.
The Sub-Adviser strives to identify dividend-paying companies with the potential for increasing dividend payments in the future. The Sub-Adviser first analyzes securities using a fundamental analysis, which seeks to measure the security’s intrinsic value as measured by price multiples, earnings ratios, and other measures of value relative to the price of the security. Thereafter, the Sub-Adviser uses quantitative metrics to seek to identify dividend-paying companies that have potential for multiple dividend increases over time. The Sub-Adviser will assess company metrics, such as dividend payment history (both short-term (trailing twelve months) and long-term (multiple-year periods)), free cash flow, dividend growth rate, and other technical factors to assess the likelihood of a candidate company’s ability to provide ongoing, and increasing, dividend payments. Using those techniques, the Sub-Adviser scores potential investments based on its estimate of their dividend strength. Using those scores, the Sub-Adviser ranks potential investments. In general, the Sub-Adviser evaluates potential candidates on a monthly basis. In addition, market movements or other factors may induce the Sub-
Adviser to re-evaluate the Fund’s portfolio holdings more frequently. The Sub-Adviser generally assigns less weight to a company’s current dividend yield or declared dividends than the other factors noted above.
The Fund is generally expected to hold securities of approximately 30 to 50 companies at any given time. The Fund is not managed relative to a particular securities index or securities benchmark. Rather, Sub-Adviser makes investment recommendations based on the results of its research processes. During normal market conditions, the Fund’s portfolio will be comprised of securities ranked highest based on the Sub-Adviser’s assessment of their potential to generate increased levels of dividend payments over time.
As of September 30, 2023, the Fund had significant exposures to the following sectors: Financials (16.9%), Energy (16.2%), and Information Technology (15.2%).
Under normal circumstances, the Fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in dividend-paying securities. The Fund’s 80% policy is non-fundamental and can be changed without shareholder approval. However, Fund shareholders would be given at least 60 days’ notice prior to any such change.
MBOX - Performance
Return Ranking - Trailing
| Period | MBOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.7% | -21.2% | 27.4% | 95.96% |
| 1 Yr | 28.2% | -61.1% | 51.5% | 2.66% |
| 3 Yr | N/A* | -22.7% | 64.3% | N/A |
| 5 Yr | N/A* | -17.2% | 29.8% | N/A |
| 10 Yr | N/A* | -16.4% | 14.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | MBOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.1% | -65.1% | 38.0% | N/A |
| 2022 | -7.0% | -25.3% | 29.0% | N/A |
| 2021 | N/A | -8.4% | 56.7% | N/A |
| 2020 | N/A | -24.3% | 10.4% | N/A |
| 2019 | N/A | -9.4% | 21.9% | N/A |
Total Return Ranking - Trailing
| Period | MBOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.7% | -21.2% | 27.4% | 97.31% |
| 1 Yr | 28.2% | -61.1% | 61.5% | 4.74% |
| 3 Yr | N/A* | -22.7% | 64.3% | N/A |
| 5 Yr | N/A* | -16.2% | 32.9% | N/A |
| 10 Yr | N/A* | -3.7% | 21.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MBOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.8% | -65.1% | 38.0% | N/A |
| 2022 | -4.3% | -25.3% | 29.0% | N/A |
| 2021 | N/A | -8.4% | 56.7% | N/A |
| 2020 | N/A | -24.3% | 10.4% | N/A |
| 2019 | N/A | -8.9% | 21.9% | N/A |
MBOX - Holdings
Concentration Analysis
| MBOX | Category Low | Category High | MBOX % Rank | |
|---|---|---|---|---|
| Net Assets | 91.2 M | 390 K | 151 B | 90.04% |
| Number of Holdings | 51 | 2 | 1727 | 76.51% |
| Net Assets in Top 10 | 20.7 M | 2.1 K | 32.3 B | 88.48% |
| Weighting of Top 10 | 24.44% | 5.0% | 99.2% | 50.55% |
Top 10 Holdings
- ELI LILLY CO 3.22%
- EOG RES INC 2.72%
- FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM 2.42%
- M D C HLDGS INC 2.34%
- MUELLER INDS INC 2.33%
- BROADCOM INC 2.32%
- CARRIER GLOBAL CORPORATION 2.31%
- ASML HOLDING N V 2.28%
- LOWES COS INC 2.26%
- JPMORGAN CHASE CO. 2.24%
Asset Allocation
| Weighting | Return Low | Return High | MBOX % Rank | |
|---|---|---|---|---|
| Stocks | 99.59% | 28.02% | 125.26% | 16.71% |
| Cash | 0.41% | -88.20% | 71.98% | 80.51% |
| Preferred Stocks | 0.00% | 0.00% | 19.30% | 59.24% |
| Other | 0.00% | -2.02% | 26.80% | 55.45% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 57.00% |
| Bonds | 0.00% | 0.00% | 80.18% | 57.77% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MBOX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 27.04% | 94.41% |
| Technology | 0.00% | 0.00% | 54.02% | 51.86% |
| Real Estate | 0.00% | 0.00% | 90.54% | 59.16% |
| Industrials | 0.00% | 0.00% | 42.76% | 81.99% |
| Healthcare | 0.00% | 0.00% | 30.77% | 10.17% |
| Financial Services | 0.00% | 0.00% | 58.05% | 83.85% |
| Energy | 0.00% | 0.00% | 54.00% | 5.98% |
| Communication Services | 0.00% | 0.00% | 26.58% | 47.59% |
| Consumer Defense | 0.00% | 0.00% | 34.10% | 22.90% |
| Consumer Cyclical | 0.00% | 0.00% | 22.74% | 21.74% |
| Basic Materials | 0.00% | 0.00% | 21.69% | 34.94% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MBOX % Rank | |
|---|---|---|---|---|
| US | 99.59% | 24.51% | 121.23% | 36.04% |
| Non US | 0.00% | 0.00% | 45.02% | 49.96% |
MBOX - Expenses
Operational Fees
| MBOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.39% | 0.01% | 4.02% | 86.90% |
| Management Fee | 0.39% | 0.00% | 1.50% | 16.97% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| MBOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| MBOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
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.
| MBOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 488.00% | 10.63% |
MBOX - Distributions
Dividend Yield Analysis
| MBOX | Category Low | Category High | MBOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.31% | 0.00% | 42.27% | 6.46% |
Dividend Distribution Analysis
| MBOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| MBOX | Category Low | Category High | MBOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -1.51% | 4.28% | 9.59% |
Capital Gain Distribution Analysis
| MBOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 28, 2024 | $0.103 | OrdinaryDividend |
| Dec 21, 2023 | $0.144 | OrdinaryDividend |
| Sep 29, 2023 | $0.159 | OrdinaryDividend |
| Jun 30, 2023 | $0.132 | OrdinaryDividend |
| Mar 31, 2023 | $0.176 | OrdinaryDividend |
| Jan 06, 2023 | $0.249 | OrdinaryDividend |
| Sep 19, 2022 | $0.174 | OrdinaryDividend |
| Jun 21, 2022 | $0.206 | OrdinaryDividend |
| Mar 21, 2022 | $0.098 | OrdinaryDividend |
| Jan 05, 2022 | $0.190 | OrdinaryDividend |
| Sep 20, 2021 | $0.094 | OrdinaryDividend |
| Jun 21, 2021 | $0.034 | OrdinaryDividend |
MBOX - Fund Manager Analysis
Managers
Brandon Koepke
Start Date
Tenure
Tenure Rank
May 04, 2021
1.07
1.1%
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.
Ryan Krueger
Start Date
Tenure
Tenure Rank
May 04, 2021
1.07
1.1%
Ryan Krueger has been the portfolio manager of the Fund since its inception. He is an Investment Manager and CEO of Freedom Day Solutions, LLC since 2006. Previously, he was Senior Portfolio Manager at Citigroup, after it acquired Smith Barney where Mr. Krueger began his professional investment career in 1996. Mr. Krueger graduated from the University of Texas in Austin.
Richard Shaner
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 86.59 | 7.9 | 16.42 |
