TTAC

FUND INVESTMENT OBJECTIVE

The TrimTabs Float Shrink ETF (TTAC) focuses on generating long-term returns that exceed those of the Russell 3000 index. Through quantitative analysis and an active management process focused on selecting companies that are both generating free cash flow and reducing their share count, TTAC identifies the 100 companies listed on the Russell 3000 index that best fulfill its investment criteria.

Where does TTAC fit into a portfolio?

Using a quantitative and disciplined approach, TTAC seeks to add value beyond the popular stock market averages. Because we target a similar level of volatility, TTAC can be used as a core equity holding.

Why invest in TTAC?

-For access to quality companies with high free cash flow—healthy balance sheets and cash on hand to grow their businesses

-To get a bigger piece of that “higher quality pie”: companies executing share buybacks or "float shrink" with free cash flow can deliver more value to shareholders

-To potentially outperform the broad market: as an actively managed fund, TTAC offers investors the potential to achieve “alpha,” that is, to outperform its broad benchmark

FUND INFO

EXCHANGE:BATS
TICKER:TTAC
CUSIP:89628W302
INCEPTION DATE:September 28, 2016
IOPV SYMBOL:TTAC.IV
NAV SYMBOL:TTAC.NV

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.

FUND Data & Pricing

NET ASSETS AS OF 10/17/2017 $34,050,899.82
SHARES OUTSTANDING 1,075,000
CLOSING PRICE $31.68
NAV $31.68
PREMIUM/DISCOUNT PERCENTAGE 0.02%
GROSS/NET EXPENSE RATIO 0.59%
30-DAY SEC YIELD AS OF 9/30/17** 0.58%

PERFORMANCE TABLE

QUARTER END PERFORMANCE (As of 09/30/2017 )
  Quarter 1 Yr 2 Yr Annualized
Since Inception
9/27/2016 - 9/30/2017
Fund Performance        
Market Price 5.12% 23.50 N/A 24.81%
NAV 5.58% 23.75 N/A 24.65%
Russell 3000TR Index 4.57% 18.71% 16.81% 19.04%

Expense Ratio: 0.59%.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will uctuate so that an investor's shares, when 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 (toll free 800-617-0004).

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
12/28/201612/30/201601/03/2017$0.05201334

TOP 10 HOLDINGS

Ticker CUSIP Security Description Shares Market Value % of Net Assets
CGNX 192422103 COGNEX CORP 4102.00 495275.48 1.45
STMP 852857200 STAMPS COM INC 2114.00 464657.20 1.36
NVDA 67066G104 NVIDIA CORP 2335.00 461746.25 1.36
MYGN 62855J104 MYRIAD GENETICS INC 12374.00 443484.16 1.30
MTCH 57665R106 MATCH GROUP INC 16741.00 436605.28 1.28
AAN 002535300 AARONS INC 10183.00 423103.65 1.24
LUV 844741108 SOUTHWEST AIRLS CO 7099.00 416924.27 1.22
ABBV 00287Y109 ABBVIE INC 4383.00 403981.11 1.19
MPWR 609839105 MONOLITHIC PWR SYS INC 3497.00 395615.61 1.16
LSTR 515098101 LANDSTAR SYS INC 3980.00 389045.00 1.14

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Holdings are subject to change.

*Distribution Yield is the annual yield an investor would receive if the most recent distribution remained the same going forward. The yield represents a single distribution from the fund and does not represent total return to the fund. The distribution yield is calculated by annualizing the most recent distribution and dividing it by the most recent NAV.

**The 30-Day SEC Yield is computed under an SEC standardized formula based on net income earned over the past 30 days.

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund’s website at www.trimtabsfunds.com/etf. Please read the prospectus carefully before you invest. Quasar Distributors, LLC, is the distributor for TTAC. 

There is no guarantee that TTAC will achieve its investment objective.  Investing involves risk, including the possible loss of principal.   Because the Fund is an ETF (rather than a mutual fund), shares are bought and sold at market price (not NAV), may trade at a discount or premium to NAV, and are not individually redeemable.  Owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Unit aggregations only, consisting of 25,000 shares.  Brokerage commissions will reduce returns.  Investments in the Fund include risks associated with small-and mid-cap securities, which involve limited liquidity and greater volatility than large-cap securities.  

The Russell 3000® Index measures the performance of the 3,000 largest publicly traded U.S. companies, based on market capitalization. The Index measures the performance of approximately 98% of the total market capitalization of the publicly traded U.S. equity market. It is not possible to invest directly in an index.