VOLSHARES Large Cap ETF
Redefining volatility through an index-based, volatility-driven approach.
The VOLSHARES Large Cap ETF (VSL)
With an emphasis on realized volatility and market sentiment, VSL seeks to
produce alpha returns from beta exposure based on the S&P 500.
- Index-based, volatility-driven. VSL seeks to outperform the S&P 500 by utilizing a sophisticated quantitative trading algorithm which takes market sentiment and short-term price movements into account.
- Tax managed. Advanced trading methods aim to minimize short-term capital gains.
- Quantitatively-Managed. Provides investors with the opportunity to achieve alpha, that is, the potential to outperform the S&P 500.
| FUND DATA & PRICING | |||
|---|---|---|---|
| Net Assets as of 08/03/2020 | $2.41m | ||
| NAV | $32.10 | ||
| Shares Outstanding | 75,000 | ||
| Premium/Discount Percentage | 0.21% | ||
| Closing Price | $32.16 | ||
| Median 30 Day Spread | 1.19% | ||
Data as of 08/03/2020
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.
30 Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
| PERFORMANCE | Quarter end returns as of 06/30/2020 | ||||
|---|---|---|---|---|---|
| AVG. ANNUALIZED | |||||
| 3 Months | 6 Months | YTD | 1 Year | Since Inception | |
| Volshares Large Cap - Market Price | 32.12 | -0.25 | -0.25 | 10.69 | 12.13 |
| Volshares Large Cap - NAV | 30.65 | -1.66 | -1.66 | 9.52 | 11.59 |
| Volshares Large Cap Index (VOLL) | 31.25 | -0.66 | -0.66 | 11.55 | 12.47 |
| S&P 500 (TR)* | 20.54 | -3.08 | -3.08 | 7.51 | 8.12 |
*S&P 500 Index (TR) "Total Return”, the index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.
*Since inception date is as of 02/22/2018.
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, then 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 (484-328-3067).
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.
| DISTRIBUTION DETAIL | ||||
|---|---|---|---|---|
| EX- Date | Record Date | Payable Date | Amount | |
| 12/27/2018 | 12/31/2018 | 01/02/2019 | .12548 | |
| 3/12/2019 | 3/13/2019 | 03/14/2019 | .057 | |
| 6/11/2019 | 6/12/2019 | 6/13/2019 | .066 | |
| 9/17/2019 | 9/18/2019 | 9/19/2019 | .094 | |
| 12/30/2019 | 12/31/2019 | 01/02/2020 | .544 | |
| TOP 10 HOLDINGS | Download Full Holdings | |||
|---|---|---|---|---|
| Percentage of Net Assets | Name | Ticker | Shares Held | Market Value |
| 4.64% | APACHE CORP | APA | 7,134 | 113,287.92 |
| 4.34% | WILLIAMS COS INC | WMB | 4,971 | 106,081.14 |
| 4.13% | NEWS CORP NEW | NWSA | 7,535 | 100,893.65 |
| 4.12% | COSTCO WHSL CORP NEW | COST | 296 | 100,577.84 |
| 4.11% | DEVON ENERGY CORP NEW | DVN | 9,051 | 100,375.59 |
| 4.10% | COOPER COS INC | COO | 337 | 100,058.67 |
| 4.06% | LIVE NATION ENTERTAINMENT INC COM | LYV | 2,075 | 99,102.00 |
| 4.05% | F5 NETWORKS INC | FFIV | 703 | 98,898.04 |
| 4.05% | HUNT J B TRANS SVCS INC | JBHT | 748 | 98,863.16 |
| 4.04% | MARATHON OIL CORP | MRO | 17,075 | 98,693.50 |