FAQ

FREQUENTLY ASKED QUESTIONS

• addWhat is an Actively Managed ETF
  An actively managed ETF may or may not have a benchmark index, and managers may change sector allocations, market-time trades or deviate from the index as they see fit. This produces investment returns that will not perfectly mirror the benchmark index.
• addWhat is Tactical-Asset Allocation
  Tactical asset allocation (TAA) is a dynamic investment strategy that actively adjusts a portfolio's asset allocation. The goal of a TAA strategy is to improve the risk-adjusted returns of passive management investing.
• addIs the Fund tax efficient?
  No, the Fund is most suitable for tax-advantaged accounts. Please consult your tax advisor for any tax related questions.
• addWhat is the maximum long position and maximum short position of the fund
  Maximum long is 200% invested and maximum short is 0% invested & 100% cash.
• addWhat is the expected leverage
  We expect the fund's exposure to the S&P 500 to range between 70% and 130%, 80% of the time.
• addHow would HTUS compliment an existing portfolio
  HTUS is an core equity replacement. It can be utilized to completement core equity exposure or for investors seeking additional income. Please reach out to learn more.
• addHow often does the funds exposure change
  The target position is updated twice daily, near the open and close of market hours.
• addWhat is the benchmark upon which you measure success of the fund strategy
  The fund aims to outperform the S&P 500 over the market cycle, while targeting no more than 100% of the long-term volatility of this index.
• addHow does portfolio turnover impact returns and tax consequences for ETFs
  The sale of securities by a fund manager may trigger capital gains distributions to shareholders. Therefore, funds that experience higher portfolio turnover are generally less tax efficient than those that buy and hold securities for longer periods. Index strategies generally have lower portfolio turnover than actively managed strategies. Because of this, HTUS may be best suited for tax-advantaged investment accounts.