Gadsden

GADSDEN ETFs

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.

Gadsden Dynamic Growth ETF [GDG]

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 12/04/2019 $17.32m
NAV $24.74
Shares Outstanding 700,000
Premium/discount Percentage -0.01%
Closing Price $24.74

Data as of 12/04/2019

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 09/30/2019
  AVG. ANNUALIZED
  3 MO. 1 YR. 3 YR. Since Inception
Closing Price 0.68% X.XX% X.XX% -0.23%
Fund NAV 0.77% X.XX% X.XX% -0.14%
60% Dow Jones Global Index TR and 40% BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.21% X.XX% X.XX% 6.80%

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
3/12/2019 3/13/2019 3/14/2019 $0.06579130/sh
TOP 10 HOLDINGS Download Full Holdings
Percentage Of Net Assets Name Identifier Shares Held Market Value
15.04% VANGUARD SCOTTSDALE FDS LG-TERM COR BD VCLT 25,677 2,605,701.96
15.02% ISHARES TR 1 3 YR TREAS BD SHY 30,717 2,601,422.73
15.01% PIMCO ETF TR ENHAN SHRT MA AC MINT 25,596 2,600,553.60
10.02% ISHARES INC MSCI EMU INDEX EZU 42,661 1,735,022.87
10.02% ISHARES TR 3 7 YR TREAS BD IEI 13,735 1,734,730.50
10.01% SCHWAB STRATEGIC TR SHT TM US TRES SCHO 34,344 1,734,372.00
10.00% VANGUARD INDEX FDS S&P 500 ETF SHS VOO 6,051 1,731,251.61
5.01% VANECK VECTORS ETF TRUST JR GOLD MINERS E GDXJ 22,153 868,619.13
4.99% ISHARES TRUST DJ HOME CONSTN ITB 19,174 864,939.14
4.84% Cash & Other Cash&Other 838,717 838,717.22
Data as of 12/05/2019. Holdings are subject to change.

Gadsden Dynamic Multi-Asset ETF [GDMA]

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 12/04/2019 $52.9m
NAV $26.13
Shares Outstanding 2,025,000
Premium/discount Percentage 0.17%
Closing Price $26.17

Data as of 12/04/2019

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 09/30/2019
  AVG. ANNUALIZED
  3 MO. 1 YR. 3 YR. Since Inception
Closing Price 2.04% X.XX% X.XX% 5.15%
Fund NAV 2.01% X.XX% X.XX% 5.09%
60% Dow Jones Global Index TR and 40% BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.21% X.XX% X.XX% 6.80%

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
3/12/2019 3/13/2019 3/14/2019 $0.07103811/sh
TOP 10 HOLDINGS Download Full Holdings
Percentage Of Net Assets Name Identifier Shares Held Market Value
15.01% ISHARES TR 1 3 YR TREAS BD SHY 93,764 7,940,873.16
12.54% VANGUARD WORLD FD EXTENDED DUR EDV 48,263 6,631,818.83
12.51% ISHARES BARCLAYS TIPS BOND FUND TIP 56,689 6,618,440.75
10.01% ISHARES INC MSCI EMU INDEX EZU 130,185 5,294,623.95
9.99% VANGUARD INDEX FDS S&P 500 ETF SHS VOO 18,468 5,283,879.48
7.51% SCHWAB STRATEGIC TR SHT TM US TRES SCHO 78,625 3,970,562.50
5.01% VANECK VECTORS ETF TRUST JR GOLD MINERS E GDXJ 67,621 2,651,419.41
5.01% VANGUARD SCOTTSDALE FDS LG-TERM COR BD VCLT 26,112 2,649,845.76
4.00% ISHARES INC CORE MSCI EMKT IEMG 41,304 2,118,482.16
4.00% SCHWAB STRATEGIC TR EMRG MKTEQ ETF SCHE 80,244 2,115,231.84
Data as of 12/05/2019. Holdings are subject to change.

CONTACT US

1-484-580-2277

656 E Swedesford Road,
Suite 301
Wayne, PA 19087

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