17 Dec GBDV Q4 2021 Post Rebalance Announcement
The Global Beta Smart Income ETF, in accordance our Global Beta Smart Income Index, rebalanced at the close of 12/17/21!
Please visit https://gbdv.globalbetaetf.com/ to view the index’s new holdings, Standardized Performance and find out more about the index and its investment objective!
Because oil futures were below their 30-day trailing price average as of 12/14/21, our 3% energy sector cap was triggered. Additionally, below you will find notable securities that were removed from the index, given their current valuations relative to their dividend yield and price-to-sales multiple:
Notable Deletions
| Ticker | Company Name | Former Index Weight | Current Price-to-Sales Ratio | Current 12-Month Trailing Dividend Yield |
| SLG | SL Green Realty Corp. | 0.07% | 5.61 | 5.26% |
| HPP | Hudson Pacific Properties Inc. | 0.07% | 4.32 | 4.11% |
| FULT | Fulton Financial Corporation | 0.08% | 2.57 | 3.48% |
| SWX | Southwest Gas Holdings Inc. | 0.28% | 1.12 | 3.58% |
| EVRG | Evergy Inc. | 0.44% | 2.62 | 3.44% |
| HBI | Hanesbrands Inc. | 0.54% | 0.83 | 3.72% |
| CVX | Chevron Corporation | 0.78% | 1.6 | 4.70% |
| NEM | Newmont Corporation | 1.01% | 3.6 | 3.73% |
| KMB | Kimberly-Clark Corporation | 1.56% | 2.28 | 3.39% |
| MRK | Merck & Co. Inc. | 3.87% | 3.89 | 3.46% |
Former weight as of 12/16/21. Current price-to-sales ratio as of 11/30/21. 12-month trailing dividend yield based on price from 11/30/21 and 12-month trailing revenue as of most recently reported fiscal quarter. Price-to-sales takes the company’s current market capitalization and divides by the company’s most recently reported 12-month trailing revenue.
Below you will find securities that the index added during the rebalance, given their current valuations relative to their dividend yield and price-to-sales multiple:
Notable Additions
| Ticker | Company Name | New Index Weight | Current Price-to-Sales Ratio | Current 12-month Trailing Dividend Yield |
| T | AT&T Inc. | 1.11 | 7.70% | |
| ABBV | AbbVie, Inc. | 3.97 | 4.22% | |
| KHC | Kraft Heinz Company | 1.67 | 4.43% | |
| QCOM | Qualcomm Inc. | 5.00 | 1.85% | |
| GIS | General Mills, Inc. | 1.95 | 3.56% | |
| D | Dominion Energy Inc. | 4.51 | 3.61% | |
| AES | AES Corporation | 1.53 | 2.49% | |
| CNP | CenterPoint Energy, Inc. | 1.89 | 2.44% | |
| PDCO | Patterson companies Incorporated | 0.48 | 3.54% | |
| IVZ | Invesco Ltd. | 1.70 | 2.54 |
New weight as of 12/16/21. Current price-to-sales ratio as of 11/30/21. 12-month trailing dividend yield based on price from 11/30/21 and 12-month trailing revenue as of most recently reported fiscal quarter. Price-to-sales takes the company’s current market capitalization and divides by the company’s most recently reported 12-month trailing revenue.
As a reminder, our index methodology contemplates yield across all sectors. While yield for some securities may seem low on an absolute basis, it is actually high among its peers. This allows the index to be more diversified while also delivering strong yield. Below is a summary of the characteristics between the securities that were added versus those that were removed:
Turnover Recap
| Current Price-to-Sales Ratio | Current 12-month Trailing Dividend Yield | |
| Additions | 2.84 | 3.89% |
| Deletions | 7.22 | 2.76% |
Current price-to-sales ratio as of 11/30/21. 12-month trailing dividend yield based on price from 11/30/21 and 12-month trailing revenue as of most recently reported fiscal quarter. Price-to-sales takes the company’s current market capitalization and divides by the company’s most recently reported 12-month trailing revenue. Dividend yield is calculated by dividing the dividends paid by the company over the past 12 months into the company’s current market capitalization.
Dividends represent past performance, and there is no guarantee that they will continue to be paid. The dividend yield is not representative of the index’s yield.
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 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.
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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