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Trending ETFs

Verity U.S. Treasury Fund

mutual fund
USTVX
Payout Change
Pending
Price as of:
$15.08 +0.0 +0.0%
primary theme
N/A
share class
Investor (USTVX)
USTVX (Mutual Fund)

Verity U.S. Treasury Fund

Payout Change
Pending
Price as of:
$15.08 +0.0 +0.0%
primary theme
N/A
share class
Investor (USTVX)
USTVX (Mutual Fund)

Verity U.S. Treasury Fund

Payout Change
Pending
Price as of:
$15.08 +0.0 +0.0%
primary theme
N/A
share class
Investor (USTVX)

Name

As of 12/09/2024

Price

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

Verity U.S. Treasury Fund

USTVX | Fund

$15.08

$75.4 M

3.99%

$0.60

0.70%

Vitals

YTD Return

3.3%

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$75.4 M

Holdings in Top 10

99.6%

52 WEEK LOW AND HIGH

$15.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.70%

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

Open End Mutual Fund

Name

As of 12/09/2024

Price

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

Verity U.S. Treasury Fund

USTVX | Fund

$15.08

$75.4 M

3.99%

$0.60

0.70%

USTVX - Profile

Distributions

  • YTD Total Return 3.3%
  • 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
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Verity U.S. Treasury Fund
  • Fund Family Name
    N/A
  • Inception Date
    Dec 18, 2023
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund seeks to achieve its investment objective by primarily investing in direct debt obligations of the United States Treasury, including U.S. Treasury bills, notes and bonds, and other securities issued by the U.S. Treasury. The Fund’s assets may also be invested in U.S. government agency securities, which include debt obligations issued and/or guaranteed as to principal and interest by the U.S. government or its agencies, sponsored enterprises or instrumentalities. Examples of U.S. government agency securities include securities issued by Government National Mortgage Association (“Ginnie Mae”), Federal National Mortgage Association (“Fannie Mae”) and Federal Home Loan Mortgage Corporation (“Freddie Mac”). While the Fund generally intends to invest in investment grade securities, the Adviser may choose to purchase non-investment grade securities (sometimes referred to as “junk bonds”) from time to time. Such non-investment grade holdings will be limited to 10% of the Fund’s net assets. The Fund may also invest in repurchase agreements collateralized by U.S. Treasury and government agency securities.
Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings made for investment purposes) in direct debt obligations of the United States Treasury and in repurchase agreements collateralized by such securities, including U.S. Treasury bills, notes and bonds, and other securities issued by the U.S. Treasury.
The Adviser employs a top-down, macroeconomic outlook to determine the portfolio’s duration and yield curve positioning. Macroeconomic factors considered may include, among others, the pace of economic growth, employment conditions, interest rates, inflation, monetary and fiscal policy, as well as the influence of international economic and financial conditions. In combination with the top-down, macroeconomic approach, the Adviser employs a bottom-up process of fundamental securities analysis to select the specific securities for investment. Elements of this evaluation may include duration measurements, historical yield spread relationships, volatility trends, credit ratings, credit spreads, mortgage refinance rates, as well as other factors. The Fund may sell a security due to changes in the Adviser’s outlook or cash flow needs. A security may also be sold and replaced with one that, in the Adviser’s view, presents a better value or risk/reward profile.
The Adviser may select securities with varying maturities. If the market environment is defensive characterized by an expectation of rising interest rates, the Fund may invest primarily in securities with shorter-term maturities. Conversely, in an aggressive market environment of low inflation, characterized by declining interest rates, the Fund may invest primarily in securities with longer-term maturities.
The Fund’s holdings will range in maturity from less than a year to a maximum of the longest maturity Treasury bonds available. The effective duration of the Fund’s holdings is expected to vary from less than a year to a maximum of 25 years. Duration is a measure of price sensitivity of a debt security or portfolio of debt securities to relative changes in interest rates. The Fund is not a money market fund and does not seek to maintain a stable price per share. The Fund’s per share net asset value (“NAV”) will fluctuate as the values of its portfolio holdings change, and its yield will fluctuate as the securities in which it invests mature or are sold and the proceeds are reinvested in securities with different interest rates.
Unlike many fixed income funds that pay out dividends monthly, the Fund follows a dividend policy that permits (but does not assure that) its NAV per share to rise by distributing its net investment income quarterly, thus enabling the Fund to temporarily retain a greater portion of its assets invested in securities on which interest may continue to be earned.
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USTVX - Performance

Return Ranking - Trailing

Period USTVX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period USTVX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period USTVX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period USTVX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History

USTVX - Holdings

Concentration Analysis

USTVX Category Low Category High USTVX % Rank
Net Assets 75.4 M N/A N/A N/A
Number of Holdings 9 N/A N/A N/A
Net Assets in Top 10 75.1 M N/A N/A N/A
Weighting of Top 10 99.64% N/A N/A N/A

Top 10 Holdings

  1. United States Treasury Note/Bond 16.24%
  2. United States Treasury Note/Bond 15.13%
  3. United States Treasury Note/Bond 14.69%
  4. United States Treasury Note/Bond 13.83%
  5. United States Treasury Note/Bond 13.59%
  6. United States Treasury Note/Bond 13.33%
  7. United States Treasury Note/Bond 5.59%
  8. United States Treasury Note/Bond 5.00%
  9. First American Treasury Obligations Fund 2.23%

Asset Allocation

Weighting Return Low Return High USTVX % Rank
Bonds 		97.42% N/A N/A N/A
Cash 		2.58% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High USTVX % Rank
Cash & Equivalents 		2.23% N/A N/A N/A
Derivative 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High USTVX % Rank
US 		97.42% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

USTVX - Expenses

Operational Fees

USTVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% N/A N/A N/A
Management Fee 0.42% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

USTVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

USTVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

USTVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

USTVX - Distributions

Dividend Yield Analysis

USTVX Category Low Category High USTVX % Rank
Dividend Yield 3.99% N/A N/A N/A

Dividend Distribution Analysis

USTVX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly

Net Income Ratio Analysis

USTVX Category Low Category High USTVX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

USTVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

USTVX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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