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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

as of 5:02 PM ET 11/26/2021

Performance

  • 1 Week
  • -2.41%
  • 1 Month
  • -4.38%
  • 3 Months
  • -8.99%
  • 1 Yr Return
  • +7.40%
  • 5 Yr Return
  • +15.37%

Equity Sector Breakdown

Finance 98.60%
ConsumerDurables n/a
Energy n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Other 98.60%
Stocks 1.40%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 342.90 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -4.04 -3.85 -4.28
Beta 0.90 0.89 0.92
R Squared 0.85 0.83 0.86
Std Deviation 17.94 14.92 13.00
Sharpe Ratio 0.84 0.82 n/a

Purchase Information

as of 5:11 PM ET 11/24/2021
Minimum Initial $2500
Minimum Additional $250
Minimum Initial IRA $0

Performance

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
1 Year
  • +38.91%
  • +33.06%
+38.91% +33.06%
3 Year
  • +14.33%
  • +10.34%
+14.33% +10.34%
10 Year
  • +9.98%
  • +10.95%
+9.98% +10.95%
Life Of Fund
  • +6.76%
  • +6.65%
+6.76% +6.65%

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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