ADPV’s Summer Sizzle: Beating the Heat and the S&P
ADPV ETF Recap: June 2025
The Adaptiv Select ETF was back on track in June, up 8.9% and outperforming the S&P 500, which returned 4.9% for the month:1
After going to cash and avoiding a majority of the March/April correction, ADPV continues to catch up to the S&P 500 on a YTD basis:
Holdings Recap
As expected, with strong outperformance for the month of June, ADPV had quite a few strong names in the portfolio with MP Materials (MP), Robinhood Market (HOOD), SoFi Technologies (SOFI), Carnival Corp (CCL), Roblox (RBLX), Liberty Live (LLYVA) and Tapestry (TPR) all posting double-digit gains for the month:
Laggards for June include holdings such as Dutch Bros (BROS), CenterPoint Energy (CNP), UGI Corp (UGI), and Palantir Technologies (PLTR):
Overall Sector Exposure
With five trades in June and market moves, sector weightings did see some small shifts. Financials increased from 20 to 22%. Consumer Staples have been fully removed, with an equal increase of 4% going towards Consumer Discretionary. Communication Services moved up to 11% (from 8%) and Utilities now stand at 11% (compared to 16% in May):2
*Concentration guidelines for ADPV are based on GICS Sub-Industry/Tier 4
With the move back into equities, ADPV is now overweight Materials, Communication Services, Consumer Discretionary, Energy, Financials, and Utilities:
The Adaptiv Select strategy had five trades for the month of June:
Market Commentary from a Technical Perspective
With the S&P 500 regaining its respective 200-day moving average back in mid-May, we returned to our bullish stance on the market, as evidenced by the move in ADPV from T-bills back to equities. Since that event, the S&P 500 has returned 4.5% with the fund up 6.5%. On top of this, major indices like the S&P 500 and Nasdaq 100 also pushed to new all-time highs in June, confirming the recovery and setting a positive outlook for stocks for the remainder of 2025. The evidence continues to build that the market will stay in its uptrend, potentially carrying the S&P 500 to the 6900-7000 area by the end of the year.
Turn Up the Heat on Your Portfolio—See Why ADPV is Outpacing the Market. Why Invest in ADPV ⟶
1 The performance quoted represents past performance and does not guarantee future results. The investment return and principal will fluctuate. Investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. For the most recent month-end performance and standardized performance, please visit www.adpvetf.com.
2 Holdings are subject to risk and change. You can find a full list of up-to-date holdings HERE.
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.
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 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.
Distributed by: Quasar Distributors, LLC.
"For Institutional Investors Use Only. Not for Use with the Retail Public"
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.