|EXCHANGE:||CBOE BZX Exchange, Inc.|
|INCEPTION DATE:||September 27, 2016|
|NET ASSETS AS OF|
|GROSS/NET EXPENSE RATIO||0.59%|
|30-DAY SEC YIELD AS OF 12/31/2020**||0.34%|
|Median 30 Day Bid/Ask Spread||0.07|
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 Investment Objective
The TrimTabs U.S. Free Cash Flow Quality ETF (TTAC) seeks to generate long‐term returns in excess of the total return of the Russell 3000 Index (the “Index”), with less volatility than the Index. The Adviser employs a quantamental process using proprietary quantitative models to generate decile rankings (i.e., top 10%, top 20%, top 30%, etc.) for stocks included in the Index, which is based on the following criteria:
(1) Strong Free Cash Flow: based on proprietary measures of Free Cash Flow profitability and growth (Free Cash Flow (FCF) represents the cash that a company is able to generate after accounting for capital expenditures);
(2) High-Quality Balance Sheets: based on proprietary measures of quality, leverage and underlying trends;
(3) Actual Share Reduction: based on the relative decrease and trend in their outstanding shares over different periods in real‐time.
The top decile of stocks ranked represent the companies with (1) the strongest proprietary Free Cash Flow rankings, (2) strongest proprietary balance sheet rankings, and (3) the largest share reduction rankings, respectively, based on the Adviser’s sequential layering process.
Why invest in TTAC?
Our decades of proprietary research has shown that strong Free Cash Flow is the best indicator of high‐quality companies. TTAC utilizes a modern diversified investment process, offering investors quality US equity exposure, along with the goal of achieving alpha.
Where does TTAC fit into a portfolio?
Quality Exposure: Our decades of proprietary research has shown that strong Free Cash Flow is the best indicator of high‐quality companies.
Core Equity Holding: TTAC targets a similar level of volatility as the major market averages and aims to reduce capitalization‐weighted concentration risk.
Alpha Sleeve: Our strategy seeks to deliver alpha, or positive asymmetric returns, beyond the major market averages.
ESG: TTAC has tended to rank very well on an ESG scale. We believe that companies with strong Free Cash Flow and cushions of cash have greater fiscal flexibility to pursue environmental, social and governance goals.
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TrimTabs US Free Cash Flow Quality ETF
As of Decemeber 31, 2020
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