Aimed and designed to provide exposure to dividend paying stocks within the S&P 900 with the highest average 12-month trailing dividend yield over each of the prior four quarters
Seeks to provide low-cost broad market exposure to Domestic Large and Mid-Cap Companies from S&P Indexes
Designed to provide broad diversification across sectors and aims to identify companies with historically strong dividends
Can be used with a core portfolio to seek income
The Global Beta Smart Income ETF seeks to track the performance (before fees and expenses) of the Global Beta Smart Income Index. The index is composed of stocks in the S&P 900 index with the highest average 12-month trailing dividend yield over the prior 4 quarters on a diversified basis.
The Global Beta Smart Income ETF tracks the Global Beta Smart Income Index in an eﬀort to provide attractive income. Global Beta Advisor’s (”GBA”) partnered with S&P to provide an initial index universe for GBA to apply it's methodology. GBA believes that S&P is a best-in-class index provider, such that GBA's starting universe is already vetted for criteria such as liquidity and quality. The index is designed to reﬂect the performance of constituents from the S&P 900 with the highest average 12-month trailing dividend yield over each of the prior 4 quarters, diversiﬁed by Global Industry Classiﬁcation Standard (”GICS”) sector and re-weighted based on revenue. To mitigate concentration risk at the issuer level, GBA caps each individual index constituent at 5% during each quarterly rebalance. Additionally, GBA will monitor the securities to detect any expected dividend cuts. Once a stock announces a dividend cut, it will be immediately removed from the index. GBA's mission is to deliver a strategy that seeks to provide our investors with a strong line of quarterly income potential and to avoid investment hazards that may come with investors chasing yield.
As of 6-30-20
SEC Subsidized Yield
|SEC Unsubsidized Yield|
|Trailing 12-month Yield|
|Dividend Distribution Rate||0.19|
|Annualized Distribution Yield||5.22%|
The 30-day SEC Subsidized Yield is computed under an SEC standardized formula based on net income earned over the past 30 days. It is a “subsidized” yield, which means it includes contractual expense reimbursements and it would be lower without those reimbursements. The yield does not represent actual distributions to fund shareholders.
The 30-day SEC Unsubsidized Yield calculation is also computed under the same SEC standardized formula based on net income earned over the past 30 days, but excludes contractual expense reimbursements, resulting in a lower yield. The yield does not represent actual distributions to fund shareholders.
The 12-month trailing yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months.
Dividend Distribution Rate: The dividend payout ratio is the ratio of the total amount of dividends paid out to shareholders relative to the net income of the company.
Annualized Distribution Yield: The calculation for distribution yields employs the most recent distribution, which may be interest, a special dividend, or a capital gain, and multiplies the payment by 12 to get an annualized total. The annualized total is then divided by the net asset value (NAV) to determine the distribution yield.
As of date
|NAV Change Dollars|
|NAV Change Percentage||test%|
|Market Price Change Dollars|
|Market Price Change Percentage||test%|
|Median 30 Day Spread||test%|
As of 6/30/20
|Fund Name||Since Inception (12/27/19)||1 Month||Q2 2020||YTD||1 Year||5 Year||10 Year|
|Global Beta Smart Income ETF NAV||-24.82||1.97||16.58||-24.79|
|Global Beta Smart Income ETF Market Price||-24.78||2.40||16.53||-24.92|
|Global Beta Smart Income Index||-24.99||2.13||16.53||-24.98|
|S&P 900 Index||-3.95||1.95||20.74||-3.70|
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call (833) 933-2083.
Global Beta Advisors LLC, the Fund’s investment adviser (the “Adviser”), has agreed to waive the management fee payable by the Fund to the Adviser through June 30, 2020. The gross expense ratio is 0.49% and the net expense ratio is .29%. Global Beta Advisors LLC (“Adviser”) has agreed to reimburse the Fund through March 31, 2021 for the (i) compensation and expenses of the Trustees who are not interested persons as defined under Section 2(a)(19) of the Investment Company Act of 1940 (the “Independent Trustees”), and (ii) fees and expenses of counsel to the Independent Trustees, except for any (a) litigation expenses (including litigation to which the Trust or the Fund may be a party and indemnification of the Independent Trustees with respect thereto), and (b) extraordinary or non-routine fees or expenses.
Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance data quoted. Shares are bought and sold at market price (not NAV) and are not individually redeemable from the fund. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to the fund first trading day. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent Global Beta Smart Income ETF performance. It is not possible to invest directly in an index.
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 215-531-8234.
The gross expense ratio is 2.59% and the net expense ratio is .29%. Global Beta Advisors LLC (“Adviser”), has agreed to reimburse the Fund during the Fund’s initial six months of operation ending June 27, 2020, for the (i) compensation and expenses of the Independent Trustees, and (ii) fees and expenses of counsel to the Independent Trustees, except for any (a) litigation expenses, and (b) extraordinary or non-routine fees or expenses. Performance would have been lower without the fee reimbursement in effect.
Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance data quoted. Shares are bought and sold at market price (not NAV) and are not individually redeemable from the fund. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to the fund first trading on an exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent Global Beta Smart Income ETF performance. It is not possible to invest directly in an index.
|Distribution Type||Per share Distribution||Record Date||Ex-Dividend Date||Payable Date|
|Dividend||.232||March 23, 2020||March 20, 2020||March 26, 2020|
As of date
*Holdings are subject to change
As of date
|07/07/2020||ARCHER DANIELS MIDLAND CO||GBDV||ADM||039483102||1676||39.67||66486.92||4.55%||1,461,050||100,000||4|
|07/07/2020||AMERICAN FINL GROUP INC OHIO COM||GBDV||AFG||025932104||153||61.06||9342.18||0.64%||1,461,050||100,000||4|
|07/07/2020||APARTMENT INVT & MGMT CO||GBDV||AIV||03748R754||32||38.61||1235.52||0.08%||1,461,050||100,000||4|
|07/07/2020||ASSOCIATED BANC CORP||GBDV||ASB||045487105||158||13.25||2093.5||0.14%||1,461,050||100,000||4|
|07/07/2020||FRANKLIN RESOURCES INC||GBDV||BEN||354613101||344||20.93||7199.92||0.49%||1,461,050||100,000||4|
|07/07/2020||CATHAY GEN BANCORP||GBDV||CATY||149150104||40||25.275||1011||0.07%||1,461,050||100,000||4|
|07/07/2020||CITIZENS FINANCIAL GROUP INC COM||GBDV||CFG||174610105||402||24.27||9756.54||0.67%||1,461,050||100,000||4|
|07/07/2020||MACK CALI RLTY CORP||GBDV||CLI||554489104||47||15.46||726.62||0.05%||1,461,050||100,000||4|
|07/07/2020||COMPASS MINERALS INTL INC||GBDV||CMP||20451N101||46||49.91||2295.86||0.16%||1,461,050||100,000||4|
|07/07/2020||CHEVRON CORP NEW||GBDV||CVX||166764100||726||88.57||64301.82||4.40%||1,461,050||100,000||4|
|07/07/2020||DOMINION ENERGY INC||GBDV||D||25746U109||276||73.59||20310.84||1.39%||1,461,050||100,000||4|
|07/07/2020||PHYSICIANS RLTY TR||GBDV||DOC||71943U104||47||17.39||817.33||0.06%||1,461,050||100,000||4|
|07/07/2020||DTE ENERGY CO||GBDV||DTE||233331107||154||108.43||16698.22||1.14%||1,461,050||100,000||4|
|07/07/2020||EASTMAN CHEM CO||GBDV||EMN||277432100||174||71.97||12522.78||0.86%||1,461,050||100,000||4|
|07/07/2020||FEDERATED HERMES INC||GBDV||FHI||314211103||89||23.8||2118.2||0.14%||1,461,050||100,000||4|
|07/07/2020||FIRST HORIZON NATL CORP||GBDV||FHN||320517105||322||9.22||2968.84||0.20%||1,461,050||100,000||4|
|07/07/2020||F N B CORP||GBDV||FNB||302520101||300||7.16||2148||0.15%||1,461,050||100,000||4|
|07/07/2020||GEO GROUP INC NEW||GBDV||GEO||36162J106||280||11.28||3158.4||0.22%||1,461,050||100,000||4|
|07/07/2020||GILEAD SCIENCES INC||GBDV||GILD||375558103||416||76.76||31932.16||2.19%||1,461,050||100,000||4|
|07/07/2020||HUNTINGTON BANCSHARES INC||GBDV||HBAN||446150104||772||8.77||6770.44||0.46%||1,461,050||100,000||4|
|07/07/2020||HIGHWOODS PPTYS INC||GBDV||HIW||431284108||33||37.74||1245.42||0.09%||1,461,050||100,000||4|
|07/07/2020||HEWLETT PACKARD ENTERPRISE CO COM||GBDV||HPE||42824C109||3731||9.59||35780.29||2.45%||1,461,050||100,000||4|
|07/07/2020||BLOCK H & R INC||GBDV||HRB||093671105||259||14.41||3732.19||0.26%||1,461,050||100,000||4|
|07/07/2020||INTERPUBLIC GROUP COS INC||GBDV||IPG||460690100||780||17.36||13540.8||0.93%||1,461,050||100,000||4|
|07/07/2020||IRON MTN INC NEW||GBDV||IRM||46284V101||207||26.42||5468.94||0.37%||1,461,050||100,000||4|
|07/07/2020||JANUS HENDERSON GROUP PLC||GBDV||JHG||G4474Y214||146||21.25||3102.5||0.21%||1,461,050||100,000||4|
|07/07/2020||KINDER MORGAN INC DEL||GBDV||KMI||49456B101||1098||15.19||16678.62||1.14%||1,461,050||100,000||4|
|07/07/2020||COCA COLA CO||GBDV||KO||191216100||1082||45.23||48938.86||3.35%||1,461,050||100,000||4|
|07/07/2020||LEGGETT & PLATT INC||GBDV||LEG||524660107||180||35.21||6337.8||0.43%||1,461,050||100,000||4|
|07/07/2020||MERCURY GENL CORP NEW||GBDV||MCY||589400100||125||40.99||5123.75||0.35%||1,461,050||100,000||4|
|07/07/2020||MDU RES GROUP INC||GBDV||MDU||552690109||351||22.18||7785.18||0.53%||1,461,050||100,000||4|
|07/07/2020||MARATHON PETE CORP||GBDV||MPC||56585A102||1767||36.36||64248.12||4.40%||1,461,050||100,000||4|
|07/07/2020||MEDICAL PPTYS TRUST INC||GBDV||MPW||58463J304||81||19.02||1540.62||0.11%||1,461,050||100,000||4|
|07/07/2020||MSC INDL DIRECT INC||GBDV||MSM||553530106||65||74.87||4866.55||0.33%||1,461,050||100,000||4|
|07/07/2020||NATIONAL FUEL GAS CO N J||GBDV||NFG||636180101||52||41.84||2175.68||0.15%||1,461,050||100,000||4|
|07/07/2020||NU SKIN ENTERPRISES INC||GBDV||NUS||67018T105||90||44.43||3998.7||0.27%||1,461,050||100,000||4|
|07/07/2020||NEWELL BRANDS INC||GBDV||NWL||651229106||857||16||13712||0.94%||1,461,050||100,000||4|
|07/07/2020||NEW YORK CMNTY BANCORP INC||GBDV||NYCB||649445103||272||9.79||2662.88||0.18%||1,461,050||100,000||4|
|07/07/2020||OGE ENERGY CORP||GBDV||OGE||670837103||104||30.52||3174.08||0.22%||1,461,050||100,000||4|
|07/07/2020||OLD REP INTL CORP||GBDV||ORI||680223104||507||16.16||8193.12||0.56%||1,461,050||100,000||4|
|07/07/2020||PEOPLES UNITED FINANCIAL INC COM||GBDV||PBCT||712704105||260||11.36||2953.6||0.20%||1,461,050||100,000||4|
|07/07/2020||HEALTHPEAK PROPERTIES INC.||GBDV||PEAK||42250P103||111||27.69||3073.59||0.21%||1,461,050||100,000||4|
|07/07/2020||PRINCIPAL FINANCIAL GROUP INC COM||GBDV||PFG||74251V102||524||42.26||22144.24||1.52%||1,461,050||100,000||4|
|07/07/2020||PACKAGING CORP AMER||GBDV||PKG||695156109||96||100||9600||0.66%||1,461,050||100,000||4|
|07/07/2020||RYDER SYS INC||GBDV||R||783549108||315||39.75||12521.25||0.86%||1,461,050||100,000||4|
|07/07/2020||REGIONS FINANCIAL CORP NEW||GBDV||RF||7591EP100||718||10.8||7754.4||0.53%||1,461,050||100,000||4|
|07/07/2020||SYNOVUS FINL CORP||GBDV||SNV||87161C501||156||19.55||3049.8||0.21%||1,461,050||100,000||4|
|07/07/2020||SIMON PPTY GROUP INC NEW||GBDV||SPG||828806109||113||68.93||7789.09||0.53%||1,461,050||100,000||4|
|07/07/2020||SPIRIT RLTY CAP INC NEW||GBDV||SRC||84860W300||27||34.61||934.47||0.06%||1,461,050||100,000||4|
|07/07/2020||STORE CAP CORP||GBDV||STOR||862121100||49||23.57||1154.93||0.08%||1,461,050||100,000||4|
|07/07/2020||SEAGATE TECHNOLOGY PLC||GBDV||STX||G7945M107||273||48.03||13112.19||0.90%||1,461,050||100,000||4|
|07/07/2020||HANOVER INS GROUP INC||GBDV||THG||410867105||64||98.94||6332.16||0.43%||1,461,050||100,000||4|
|07/07/2020||UNITED BANKSHARES INC WEST VA COM||GBDV||UBSI||909907107||54||26.75||1444.5||0.10%||1,461,050||100,000||4|
|07/07/2020||URBAN EDGE PPTYS||GBDV||UE||91704F104||70||11.67||816.9||0.06%||1,461,050||100,000||4|
|07/07/2020||UMPQUA HLDGS CORP||GBDV||UMPQ||904214103||190||10.345||1965.55||0.13%||1,461,050||100,000||4|
|07/07/2020||UNITED PARCEL SERVICE INC||GBDV||UPS||911312106||645||115.36||74407.2||5.09%||1,461,050||100,000||4|
|07/07/2020||VALERO ENERGY CORP||GBDV||VLO||91913Y100||1032||56.47||58277.04||3.99%||1,461,050||100,000||4|
|07/07/2020||VALLEY NATL BANCORP||GBDV||VLY||919794107||283||7.44||2105.52||0.14%||1,461,050||100,000||4|
|07/07/2020||VERIZON COMMUNICATIONS INC||GBDV||VZ||92343V104||1201||55.24||66343.24||4.54%||1,461,050||100,000||4|
|07/07/2020||WALGREENS BOOTS ALLIANCE INC COM||GBDV||WBA||931427108||1620||43.16||69919.2||4.79%||1,461,050||100,000||4|
|07/07/2020||WEBSTER FINL CORP CONN||GBDV||WBS||947890109||73||27.31||1993.63||0.14%||1,461,050||100,000||4|
|07/07/2020||WERNER ENTERPRISES INC||GBDV||WERN||950755108||87||43.13||3752.31||0.26%||1,461,050||100,000||4|
|07/07/2020||WELLS FARGO CO NEW||GBDV||WFC||949746101||2394||25.49||61023.06||4.18%||1,461,050||100,000||4|
|07/07/2020||WILLIAMS COS INC||GBDV||WMB||969457100||570||19.31||11006.7||0.75%||1,461,050||100,000||4|
|07/07/2020||WYNDHAM DESTINATIONS INC||GBDV||WYND||98310W108||174||29.57||5145.18||0.35%||1,461,050||100,000||4|
|07/07/2020||EXXON MOBIL CORP||GBDV||XOM||30231G102||1417||44.39||62900.63||4.31%||1,461,050||100,000||4|
|07/07/2020||Cash & Other||GBDV||Cash&Other||Cash&Other||-18448||1||-18448.58||-1.26%||1,461,050||100,000||4||0|
|Fund Name||Fund Ticker||CUSIP||Net Assets||Shares Outstanding||NAV||NAV Change Dollars||NAV Change Percentage||Market Price||Market Price Change Dollars||Market Price Change Percentage||Premium/Discount||Median 30 Day Spread||Rate Date|
|Global Beta Smart Income ETF||GBDV||37959X100||1461052.86||100,000.00||14.61||0.14||0.93||14.7||0.04||0.3||0.64||0.49||07/06/2020|
|Fund Name||Fund Ticker||1 Month||3 Month||6 Month||YTD||Since Inception Cumulative||1 Year||3 Year||5 Year||Since Inception Annualized||Date|
|Global Beta Smart Income ETF||GBDV NAV||1.97||16.58||-24.79||-24.79||-24.82||-||-||-||-||06/30/2020|
|Global Beta Smart Income ETF||GBDV MKT||2.4||16.53||-24.92||-24.92||-24.78||-||-||-||-||06/30/2020|
|Fund Name||Fund Ticker||CUSIP||Net Assets||Shares Outstanding||NAV||NAV Change Dollars||NAV Change Percentage||Market Price||Market Price Change Dollars||Market Price Change Percentage||Premium/Discount||Median 30 Day Spread||Rate Date||true 30 day spread|
|Global Beta Smart Income ETF||GBDV||09/10/0100||1,461,052.86||100,000||14.61||0.14||0.93||14.70||0.04||0.30||0.64||0.49||06/07/2020||7.16|
Distributor: Compass Distributors
Global Beta Smart Income Index: composed of stocks in the S&P 900 with the highest average 12-month trailing dividend yield over the prior 4 quarters on a diversified basis.
The S&P 900 combines the S&P 500® and the S&P MidCap 400® to form an investable benchmark for the mid- to large-cap segment of the U.S. equity market.
Before investing you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. This and other information is in the prospectus or summary prospectus. A copy may be obtained by visiting www.globalbetaetfs.com or calling (833) 933-2083. Please read the prospectus or summary prospectus carefully before investing.
The fund’s primary risks:
Mid-Capitalization Securities Risk
The securities of mid-capitalization companies are often more volatile and less liquid than the stocks of larger companies and may be more affected than other types of securities during market downturns. Compared to larger companies, mid-capitalization companies may have a shorter history of operations, and may have limited product lines, markets or financial resources.
To the extent that the Target Index is concentrated in a particular industry, group of industries or sector, the Fund is also expected to be concentrated in that industry, group of industries or sector, which may subject the Fund to a greater loss as a result of adverse economic, business or other developments affecting that industry, group of industries or sector.
Dividend-Paying Securities Risk
The Fund’s emphasis on dividend-paying stocks involves the risk that such stocks may fall out of favor with investors and underperform the market. Also, a company may reduce or eliminate its dividend after the Fund’s purchase of such a company’s securities.
Large Capitalization Securities Risk
The securities of large market capitalization companies may underperform other segments of the market because such companies may be less responsive to competitive challenges and opportunities and may be unable to attain high growth rates during periods of economic expansion.