20 Sep GBLO September 2021 Post Rebalance Announcement
The Global Beta Low Beta ETF, in accordance our Global Beta Low Beta Index, rebalanced at the close of 09/17/21!
Please visit GBLO GlobalbetaETF to view the index’s new holdings and find out more about the index and its investment objective!
Below you will find securities there were removed from the index, given current volatility trends in the securities relative to the market and their respective valuations:
Notable Deletions
Ticker
Company Name
Former Weight
Current Price-to-Sales Ratio
Current One-Year Beta
TGT
Target Corporation
1.24
0.70
ABBV
AbbVie, Inc.
3.99
0.67
KHC
Kraft Heinz Company
1.68
0.67
LHX
L3Harris Technologies Inc
2.61
0.67
OTIS
Otis Worldwide Corporation
2.87
0.69
TSCO
Tractor Supply Company
1.89
0.77
EA
Electronic Arts Inc.
7.16
0.76
JBHT
J.B. Hunt Transport Services, Inc.
1.82
0.72
YUM
Yum! Brands, Inc.
6.33
0.70
DRE
Duke Realty Corporation
18.18
0.66
Former weight as of 09/16/21. Current price-to-sales ratio as of 09/17/21. One-year beta based on correlation in daily returns of the company compared to the S&P 500 from 09/17/20 to 09/17/21 multiplied by the quotient of the standard deviation of returns for the company and the S&P 500. Price-to-sales takes the company’s current market capitalization and divides by the company’s most recently reported 12-month trailing revenue. Correlation is the relationship between one series of returns and the next with a ratio of 1 implying a perfect relationship and 0 implying no relationship at all. Standard deviation is the variation in returns over a period of time.
Below you will find securities that were added to the index, given current volatility trends in the securities relative to the market and their respective valuations:
Notable Additions
Ticker
Company Name
New Weight
Current Price-to-Sales Ratio
Current One-Year Beta
WBA
Walgreens Boots Alliance Inc
1.24
0.65
CNC
Centene Corporation
3.99
0.61
ABT
Abbot Laboratories
1.68
0.62
KO
Coca-Cola Company
2.61
0.65
DHR
Danaher Corporation
2.87
0.65
SHW
Sherwin-Williams Company
1.89
0.64
TAP
Molson Coors Beverage Company Class B
1.26
0.64
HBI
Hanesbrands Inc.
1.82
0.61
EQIX
Equinix Inc.
0.87
0.59
O
Realty Income Corporation
1.20
0.66
New weight as of 09/17/21. Current price-to-sales ratio as of 09/17/21. One-year beta based on correlation in daily returns of the company compared to the S&P 500 from 09/17/20 to 09/17/21 multiplied by the quotient of the standard deviation of returns for the company and the S&P 500. Price-to-sales takes the company’s current market capitalization and divides by the company’s most recently reported 12-month trailing revenue. Correlation is the relationship between one series of returns and the next with a ratio of 1 implying a perfect relationship and 0 implying no relationship at all. Standard deviation is the variation in returns over a period of time.
As a reminder, our methodology contemplates risk based on beta relative to the S&P 500 Index. Therefore, as relative risk changes in the makeup of a particular security in relation to the risk profile of the S&P 500, our index reflects those changes. We believe this allows us to identify securities that are contrarian to the overall market.
Turnover Recap
Current Price-to-Sales Ratio
Current One-Year Beta
Additions
4.78
0.70
Deletions
1.94
0.63
Current price-to-sales ratio as of 09/17/21. One-year beta based on correlation in daily returns of the company compared to the S&P 500 from 09/17/20 to 09/17/21 multiplied by the quotient of the standard deviation of returns for the company and the S&P 500. Price-to-sales takes the company’s current market capitalization and divides by the company’s most recently reported 12-month trailing revenue. Correlation is the relationship between one series of returns and the next with a ratio of 1 implying a perfect relationship and 0 implying no relationship at all. Standard deviation is the variation in returns over a period of time.
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.
Concentration Risk
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.
Distributor: Compass Distributors, LLC
The Global Beta Low Beta ETF, in accordance our Global Beta Low Beta Index, rebalanced at the close of 09/17/21!
Please visit GBLO GlobalbetaETF to view the index’s new holdings and find out more about the index and its investment objective!
Below you will find securities there were removed from the index, given current volatility trends in the securities relative to the market and their respective valuations:
Notable Deletions
| Ticker | Company Name | Former Weight | Current Price-to-Sales Ratio | Current One-Year Beta |
| TGT | Target Corporation | 1.24 | 0.70 | |
| ABBV | AbbVie, Inc. | 3.99 | 0.67 | |
| KHC | Kraft Heinz Company | 1.68 | 0.67 | |
| LHX | L3Harris Technologies Inc | 2.61 | 0.67 | |
| OTIS | Otis Worldwide Corporation | 2.87 | 0.69 | |
| TSCO | Tractor Supply Company | 1.89 | 0.77 | |
| EA | Electronic Arts Inc. | 7.16 | 0.76 | |
| JBHT | J.B. Hunt Transport Services, Inc. | 1.82 | 0.72 | |
| YUM | Yum! Brands, Inc. | 6.33 | 0.70 | |
| DRE | Duke Realty Corporation | 18.18 | 0.66 |
Former weight as of 09/16/21. Current price-to-sales ratio as of 09/17/21. One-year beta based on correlation in daily returns of the company compared to the S&P 500 from 09/17/20 to 09/17/21 multiplied by the quotient of the standard deviation of returns for the company and the S&P 500. Price-to-sales takes the company’s current market capitalization and divides by the company’s most recently reported 12-month trailing revenue. Correlation is the relationship between one series of returns and the next with a ratio of 1 implying a perfect relationship and 0 implying no relationship at all. Standard deviation is the variation in returns over a period of time.
Below you will find securities that were added to the index, given current volatility trends in the securities relative to the market and their respective valuations:
Notable Additions
| Ticker | Company Name | New Weight | Current Price-to-Sales Ratio | Current One-Year Beta |
| WBA | Walgreens Boots Alliance Inc | 1.24 | 0.65 | |
| CNC | Centene Corporation | 3.99 | 0.61 | |
| ABT | Abbot Laboratories | 1.68 | 0.62 | |
| KO | Coca-Cola Company | 2.61 | 0.65 | |
| DHR | Danaher Corporation | 2.87 | 0.65 | |
| SHW | Sherwin-Williams Company | 1.89 | 0.64 | |
| TAP | Molson Coors Beverage Company Class B | 1.26 | 0.64 | |
| HBI | Hanesbrands Inc. | 1.82 | 0.61 | |
| EQIX | Equinix Inc. | 0.87 | 0.59 | |
| O | Realty Income Corporation | 1.20 | 0.66 |
New weight as of 09/17/21. Current price-to-sales ratio as of 09/17/21. One-year beta based on correlation in daily returns of the company compared to the S&P 500 from 09/17/20 to 09/17/21 multiplied by the quotient of the standard deviation of returns for the company and the S&P 500. Price-to-sales takes the company’s current market capitalization and divides by the company’s most recently reported 12-month trailing revenue. Correlation is the relationship between one series of returns and the next with a ratio of 1 implying a perfect relationship and 0 implying no relationship at all. Standard deviation is the variation in returns over a period of time.
As a reminder, our methodology contemplates risk based on beta relative to the S&P 500 Index. Therefore, as relative risk changes in the makeup of a particular security in relation to the risk profile of the S&P 500, our index reflects those changes. We believe this allows us to identify securities that are contrarian to the overall market.
Turnover Recap
| Current Price-to-Sales Ratio | Current One-Year Beta | |
| Additions | 4.78 | 0.70 |
| Deletions | 1.94 | 0.63 |
Current price-to-sales ratio as of 09/17/21. One-year beta based on correlation in daily returns of the company compared to the S&P 500 from 09/17/20 to 09/17/21 multiplied by the quotient of the standard deviation of returns for the company and the S&P 500. Price-to-sales takes the company’s current market capitalization and divides by the company’s most recently reported 12-month trailing revenue. Correlation is the relationship between one series of returns and the next with a ratio of 1 implying a perfect relationship and 0 implying no relationship at all. Standard deviation is the variation in returns over a period of time.
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.
Concentration Risk
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.
Distributor: Compass Distributors, LLC
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