Gadsden is an institutional asset management firm with an investment framework designed to combine the advice and best practices of some of the world’s most successful investors. We assembled this knowledge over decades of working with leading endowments, foundations, academics, family offices, and institutions.
Our mission is to offer our clients access to the insights, techniques, and solutions historically reserved for only the largest investors.
A dynamic trading strategy that utilizes both long and short seasonally inspired exposures. Advanced institutional risk management tools and techniques are used to measure and help mitigate risk within the strategy. Designed to be a diversifying, absolute return strategy with an emphasis on seeking downside risk protection. The Gadsden Dynamic Growth ETF seeks total return.
| FUND DATA & PRICING | |
|---|---|
| Net Assets as of 02/15/2019 | $27.23m |
| NAV | $24.75 |
| Shares Outstanding | 1,100,000 |
| Premium/discount Percentage | 0.14% |
| Closing Price | $24.79 |
Data as of 02/15/2019
IOPV, or indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every fifteen seconds throughout the trading day.
| PERFORMANCE | Quarter end returns as of 12/31/2018 | |||
|---|---|---|---|---|
| AVG. ANNUALIZED | ||||
| 3 MO. | 1 YR. | 3 YR. | Since Inception | |
| Fund NAV | X.XX% | X.XX% | X.XX% | X.XX% |
| Closing Price | X.XX% | X.XX% | X.XX% | X.XX% |
| 60% Dow Jones Global Index TR and 40% BofA Merrill Lynch 3-Month U.S. Treasury Bill Index | N/A | X.XX% | X.XX% | X.XX% |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (484-580-2277). Periods less than one year are not annualized. It is not possible to invest directly in an Index.
Short term performance, in particular, is not a good indication Of the fund's future performance, and an investment should not be made based solely on returns.
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
The Dow Jones Global Index measures the performance of stocks that trade globally, targeting 95% coverage of markets open to foreign investment. It is float market cap weighted. It is quoted and calculated in U.S. Dollars. The BofA Merrill Lynch U.S. T-Bill 0-3 Month Index tracks the performance of the U.S. dollar denominated U.S. Treasury Bills publicly issued in the U.S. domestic market with a remaining term to final maturity of less than 3 months.
| DISTRIBUTION DETAIL | |||
|---|---|---|---|
| EX- Date | Record Date | Payable Date | Amount |
| 12/28/2018 | 12/31/2018 | 1/2/2019 | $0.14829200/sh |
| TOP 10 HOLDINGS | Download Full Holdings | |||
|---|---|---|---|---|
| Percentage Of Net Assets | Name | Identifier | Shares Held | Market Value |
| 30.48% | UNITED STATES TREAS NTS 2.625% 12/31/2023 | 9128285U0 | 8,253,000 | 8,299,584.31 |
| 20.59% | ISHARES TR 10-20 YR TRS ETF | TLH | 41,906 | 5,604,508.44 |
| 12.80% | VANGUARD SCOTTSDALE FDS INTER TERM TREAS | VGIT | 54,837 | 3,483,794.61 |
| 9.20% | PROSHARES TR ULTSHRT QQQ | QID | 66,310 | 2,505,191.80 |
| 8.68% | PROSHARES TR ULTRAPRO SHORT S | SPXU | 69,945 | 2,364,141.00 |
| 5.20% | ISHARES INC EM MKTS DIV ETF | DVYE | 34,530 | 1,415,730.00 |
| 5.20% | SCHWAB STRATEGIC TR EMRG MKTEQ ETF | SCHE | 56,037 | 1,414,934.25 |
| 5.17% | ISHARES INC CUR HD MSCI EM | HEEM | 56,605 | 1,408,898.45 |
| 2.68% | Cash & Other | Cash&Other | 728,767 | 728,767.14 |
A globally diversified asset allocation strategy designed to perform consistently across all stages of the business cycle by counterbalancing the economic seasonal sensitivities within each asset class. The strategy combines multi-asset balance with tactical growth opportunities. The Gadsden Dynamic Multi-Asset ETF seeks total return.
| FUND DATA & PRICING | |
|---|---|
| Net Assets as of 02/15/2019 | $16.68m |
| NAV | $24.71 |
| Shares Outstanding | 675,000 |
| Premium/discount Percentage | 0.08% |
| Closing Price | $24.73 |
Data as of 02/15/2019
IOPV, or indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every fifteen seconds throughout the trading day.
| PERFORMANCE | Quarter end returns as of 12/31/2018 | |||
|---|---|---|---|---|
| AVG. ANNUALIZED | ||||
| 3 MO. | 1 YR. | 3 YR. | Since Inception | |
| Fund NAV | X.XX% | X.XX% | X.XX% | X.XX% |
| Closing Price | X.XX% | X.XX% | X.XX% | X.XX% |
| 60% Dow Jones Global Index TR and 40% BofA Merrill Lynch 3-Month U.S. Treasury Bill Index | X.XX% | X.XX% | X.XX% | X.XX% |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (484-580-2277). Periods less than one year are not annualized. it is not possible to invest directly in an Index.
Short term performance, in particular, is not a good indication Of the fund's future performance, and an investment should not be made based solely on returns.
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
The Dow Jones Global Index measures the performance of stocks that trade globally, targeting 95% coverage of markets open to foreign investment. It is float market cap weighted. It is quoted and calculated in U.S. Dollars. The BofA Merrill Lynch U.S. T-Bill 0-3 Month Index tracks the performance of the U.S. dollar denominated U.S. Treasury Bills publicly issued in the U.S. domestic market with a remaining term to final maturity of less than 3 months.
| DISTRIBUTION DETAIL | |||
|---|---|---|---|
| EX- Date | Record Date | Payable Date | Amount |
| 12/28/2018 | 12/31/2018 | 1/2/2019 | $0.15219429/sh |
| TOP 10 HOLDINGS | Download Full Holdings | |||
|---|---|---|---|---|
| Percentage Of Net Assets | Name | Identifier | Shares Held | Market Value |
| 19.84% | UNITED STATES TREAS NTS 2.625% 12/31/2023 | 9128285U0 | 3,290,000 | 3,308,570.50 |
| 18.83% | VANGUARD SCOTTSDALE FDS INTER TERM TREAS | VGIT | 49,444 | 3,141,177.32 |
| 14.94% | UNITED STATES TREAS BDS 3.375% 11/15/2048 | 912810SE9 | 2,317,000 | 2,492,630.41 |
| 9.96% | ISHARES TR 10-20 YR TRS ETF | TLH | 12,426 | 1,661,853.24 |
| 8.57% | ISHARES INC EM MKTS DIV ETF | DVYE | 34,849 | 1,428,809.00 |
| 7.59% | ISHARES INC CUR HD MSCI EM | HEEM | 50,885 | 1,266,527.65 |
| 7.54% | SCHWAB STRATEGIC TR EMRG MKTEQ ETF | SCHE | 49,825 | 1,258,081.25 |
| 5.01% | PROSHARES TR ULTR 7-10 TREA | UST | 14,909 | 835,351.27 |
| 2.60% | Cash & Other | Cash&Other | 433,393 | 433,392.80 |
| 2.56% | VANGUARD WORLD FDS HEALTH CAR ETF | VHT | 2,443 | 426,547.80 |
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