ADPV ETF OBJECTIVE

The Adaptiv™ Select ETF (ADPV) seeks long-term capital appreciation when the broad U.S. equity market is in an uptrend. ADPV ETF’s secondary objective is to limit drawdowns during broad U.S. equity market downtrends. A drawdown is the amount of investment value lost during a significant market decline.


DATA AS OF 11/19/2024

Primary Exchange NYSE
Ticker ADPV
Cusip 81752T536
Net Assets 85,485,266
Median 30-Day Bid/Ask Spread 0.36%
# of Holdings 25
Fund Inception Date 11/04/2022
Expense Ratio 1.00%
Shares Outstanding 2,330,000
- -

NET ASSET VALUE (NAV)

NAV 36.69
Daily Change ($) 0.41
Daily Change (%) 1.13%

MARKET PRICE

Closing Price 36.6989
Daily Change ($) 0.4112
Daily Change (%) 1.13%

PREMIUM DISCOUNT

NAV 36.69
MARKET PRICE 36.6989
PREMIUM/DISCOUNT 0.0089

PREMIUM DISCOUNT TABLE

Calendar Year 2023 First Quarter 2024 Second Quarter 2024 Third Quarter 2024
Days traded at NAV 9 0 0 0
Days traded at Premium 132 36 62 52
Days traded at Discount 109 25 1 12

PREMIUM AND DISCOUNT GRAPH

PERFORMANCE

MONTH END AS OF: 10/31/2024
1 Month 3 Month YTD Since Inception 1 Year 3 Years 5 Years
Fund NAV 2.72% 5.63% 32.01% 14.99% 47.14% TBD TBD
Market Price 2.93% 5.6% 32.11% 15.03% 45.84% TBD TBD
QUARTER END AS OF: 09/30/2024
1 Month 3 Month YTD Since Inception 1 Year 3 Years 5 Years
Fund NAV -0.18% 5.7% 28.52% 14.09% 32.12% TBD TBD
Market Price -0.35% 5.61% 28.35% 14.01% 32.05% TBD TBD

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 the original cost. Current performance may be lower or higher than the original cost.

HOLDINGS AS OF 11/19/2024

COMPANY NAME TICKER FIGI SHARES MARKET VALUE % OF NET ASSET VALUES
PALANTIR TECHNOLOGIES INC. CLASS A PLTR BBG000N7QR55 109,473 6,894,609.54 8.07%
APPLOVIN CORP-CLASS A APP BBG006HFPX77 18,075 5,805,509.25 6.79%
ROBINHOOD MARKETS INC HOOD BBG008NMBXN8 149,191 5,257,490.84 6.15%
PILGRIM'S PRIDE CORP PPC BBG000BFLXV3 90,424 4,721,037.04 5.52%
HUNTINGTON BANCSHARES (OH) HBAN BBG000BKWSR6 254,311 4,460,614.94 5.22%
VIRTU FINANCIAL INC-CLASS A VIRT BBG0064N2T78 112,941 4,167,522.90 4.88%
AT&T INC T BBG000BSJK37 178,578 4,059,077.94 4.75%
KEYCORP KEY BBG000BMQPL1 199,578 3,791,982.00 4.44%
AMCOR PLC AMCR BBG00LNJRQ09 382,714 3,785,041.46 4.43%
KINDER MORGAN INC. KMI BBG0019JZ882 122,620 3,443,169.60 4.03%

Holdings are subject to change.

DISTRIBUTIONS

Month Ex Date Record Date Pay Date Dividend
December 12/19/2023 12/20/2023 12/21/2023 0.05585456

WHY INVEST?

Momentum + Relative Strength

Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s Prospectus and Summary Prospectus, which may be obtained by visiting https://adpvetf.com/investor-materials. Read the Prospectus and Summary Prospectus carefully before investing.

Distributed by: Quasar Distributors, LLC.

Investing involves risk, including possible loss of principal. To the extent the Fund’s investments are concentrated in or have significant exposure to a particular issuer, industry or group of industries, or asset class, the Fund may be more vulnerable to adverse events affecting such issuer, industry or group of industries, or asset class than if the Fund’s investments were more broadly diversified.

Active management by the Adviser in selecting and maintaining a portfolio of securities that will achieve the Fund’s investment objective could cause the Fund to underperform compared to other funds having similar investment objectives. For longer periods of time, the Fund may hold a substantial cash position. If the market advances during periods when the fund is holding a large cash position, the Fund may not participate to the extent it would have if the Fund had been more fully invested.

The Adviser relies heavily on a quantitative model developed by the Adviser, which is used to value and rank investments or potential investments, to provide risk management insights and to assist in reducing extending declines in the Fund’s net asset value. When models and data prove to be incorrect, misleading, or incomplete, any decisions made in reliance thereon will expose the Fund to risks.

Shares are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00pm Eastern Time (when NAV is normally determined) and do not represent the return you would receive if you traded at other times.

Investment advisory services are provided by Client First Investment Management LLC, an SEC-registered investment adviser. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability.