Address And Details
|4020 So. 147th St. , Omaha, NE 68137|
|Fund Manager||Rusty Vanneman|
|Manager Tenure||8 Years 9 Months|
Strategy And Objective
The Fund seeks to provide investment results that correspond generally to the inverse of the total return of the high yield market consistent with maintaining reasonable liquidity. The Fund is actively managed and seeks to achieve positive returns that are not directly correlated to any particular fixed income index. The Fund invests primarily in financial instruments that Profound Advisors believes, in combination, should provide investment results that correspond generally tithe inverse of the high yield market. The Fund uses the Market ibex & Liquid High Yield Index as a performance benchmark only, and does not seek to track its performance. Derivatives The Fund invests in derivatives, which are financial instruments whose value is derived from the value of an underlying asset or assets, such as stocks, bonds, funds including exchange-traded funds ("ETFs"), currencies, interest rates or indexes. The Fund invests in derivatives as a substitute for directly shorting debt instruments in order to gain inverse exposure to the high yield market. These derivatives principally include: Credit Default Swaps ("CDS") as a substitute for shorting bonds in order to gain inverse credit exposure to the high yield market, the Fund intends to invest in centrally cleared, index-based CDS. CDS provide exposure to the credit of one or more debt issuers referred to as "reference entities." These instruments are designed to reflect changes in credit quality, including events of default. CDS are most commonly discussed in terms of buying or selling credit protection with respect to a reference entity. Because the Fund seeks to provide short exposure to credit, it will generally be a net buyer of credit protection with respect to North American high yield debt issuers. Buying credit protection is equivalent to being "short" credit. Index-based CDS provide credit exposure, through a single trade, to a basket of reference entities. A variety of high yield, index-based CDS with different characteristics are currently available in the marketplace with new issuances occurring periodically. Issuances typically vary in terms of underlying reference entities and maturity and, thus, can have significant yield market, such occurrences may introduce more volatility to the Fund.
Net Asset Value
- 1 Week
- 1 Month
- 3 Months
- 1 Yr Return
- 5 Yr Return
Equity Sector Breakdown
|Asset Type||% Of Allocation|
|Total Net Assets||342.90 M|
|Criteria||3 Years||5 Years||10 Years|
|Minimum Initial IRA||$0|
|Timeframe||Average Annual Current Performance Monthly As Of 10/31/2021||Average Annual Current Performance Quarterly As Of 09/30/2021||Avg Annual Current Performance Monthly As Of 10/31/2021||Avg Annual Current Performance Quarterly As Of 09/30/2021|
|Life Of Fund||
Top 10 Holdings
|Symbol||Company Name||% Of Assets|
|RPFGX||DAVIS SELECT FINANCIAL ETF||9.69%|
|FVAL||FIDELITY VALUE FACTOR ETF||9.22%|
|FNDA||SCHWAB FUNDMTL US SM COMPANY||7.66%|
|DEM||WISDOMTREE EMER MKT HI DIV FD||7.24%|
|DBC||POWERSHARES DB COMM IX TRACK||6.66%|
|FXO||~FIRST TR FINCL ALPHADEX FD||5.90%|
|GEM||GOLDMAN SACHS ACTIVEBETA EMER||5.88%|
|MFEM||PIMCO RAFI DYN M F EM MKT EQ||4.67%|
|GUNR||FLEXSHARES GL UPSTREAM NAT RS||4.24%|
|KOMP||SPDR KENSHO NEW ECON COMP ETF||3.32%|
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