Address And Details

155 N. Wacker, Suite 1850 , Chicago, IL 60606
Fund Manager Mark Lacuesta
Manager Tenure 10 Months

Strategy And Objective

The Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price performance of a specific benchmark designed to track the aggregate performance of U.S. venture capital-backed companies. The Fund s current benchmark is the Thomson Reuters Venture Capital Index (the Underlying Index ). The Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price performance of the Thomson Reuters Venture Capital Index (the Underlying Index ). The Underlying Index seeks to replicate the aggregate gross performance of U.S. venture capital-backed companies. However, the Fund does not invest directly in venture capital funds or start-up companies. In seeking to track the Underlying Index, the Fund invests in a wide range of financial instruments, including liquid, publicly-traded equities which are either components of the theoretical portfolio or determined by the Adviser to have substantially similar risk and return characteristics, in aggregate, as the Underlying Index. The Fund also invests in total return swap agreements designed to provide exposure to the characteristics of venture capital-backed companies and will have the effect of adding economic leverage to the portfolio. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities and financial instruments that compose the Underlying Index. This policy is not fundamental and may be changed by the Board of Trustees upon 60 days written notice to shareholders. The Fund s swap agreements will create economic leverage in the Fund s portfolio. Leverage may magnify, sometimes significantly, the Fund s exposure to any increase or decrease in prices associated with the assets held by the Fund resulting in increased volatility in the value of the Fund s portfolio. While the use of leverage has the potential to produce greater gains, it also may result in greater losses. The Fund s investments in swap agreements are subject to limits on leverage imposed by the Investment Company Act of 1940, as amended (the 1940 Act ) Act and related guidance from the Securities and Exchange Commission ( SEC ). To comply with SEC guidance, the Fund generally will be required to segregate or earmark liquid assets or enter into offsetting positions to cover its derivatives positions. The Fund also may invest in other investment companies, including exchange traded funds ETFs, to gain exposure to the returns of the Underlying Index. To the extent the Underlying Index is concentrated in a particular industry the Fund s investment exposure will necessarily be concentrated in that industry. Currently, the Underlying Index has significant exposure to the industries within the technology and healthcare sectors. The Fund is a commodity pool under the U.S. Commodity Exchange Act ( CEA ), and the Adviser is a commodity pool operator registered with and regulated by the Commodities Futures Trading Commission ( CFTC ). As a result, additional CFTC-mandated disclosure, reporting and recordkeeping obligations apply with respect to the Fund under CFTC and SEC harmonized regulations. The Fund s investment strategy typically results in a portfolio turnover rate in excess of 100% on an annual basis. The Fund is classified as non-diversified for the purposes of 1940 Act, which means a relatively high percentage of the Fund s assets may be invested in the securities of a limited number of companies that could be in the same or related economic sectors.

Net Asset Value

as of 5:28 PM ET 09/24/2021

Performance

  • 1 Week
  • +1.86%
  • 1 Month
  • +0.57%
  • 3 Months
  • +8.73%
  • 1 Yr Return
  • n/a
  • 5 Yr Return
  • n/a

Equity Sector Breakdown

Technology 54.73%
Services 8.83%
Finance 8.31%
NonDurables 5.77%
Health 5.02%
RetailTrade 4.37%
IndustrialCyclical 4.29%
Energy 0.24%
Utilities 0.05%
ConsumerDurables n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 95.08%
ForeignStocks 7.91%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 260.29 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 10.03 12.54 n/a
Beta 1.39 1.37 n/a
R Squared 0.81 0.69 n/a
Std Deviation 28.63 24.78 n/a
Sharpe Ratio 1.38 1.65 n/a

Purchase Information

as of 5:28 PM ET 09/23/2021
Minimum Initial $5000
Minimum Additional $0
Minimum Initial IRA $5000

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +32.92%
  • +57.14%
+32.92% +57.14%
3 Year
  • +35.51%
  • +35.63%
+35.51% +35.63%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +30.69%
  • +29.86%
+30.69% +29.86%

Top 10 Holdings

Symbol Company Name % Of Assets
PYPL PAYPAL HOLDINGS INC 4.18%
ADBE ADOBE INC 4.14%
MSFT MICROSOFT CORP 4.04%
FB FACEBOOK INC 3.94%
GOOGL ALPHABET INC CLASS A 3.86%
V VISA INC 3.83%
MA MASTERCARD INC 3.77%
NFLX NETFLIX COM INC 3.60%
CRM SALESFORCE.COM INC 3.43%
ACN ACCENTURE PLC 3.25%

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