Premier Equity Core
Even Herd’s Long Short ETF (EHLS)
Even Herd’s Long Short ETF (EHLS) is a beacon in advanced asset management agnostic to market timing. This ETF epitomizes our dedication to robust returns through an adept fusion of individual equity investments and strategic shorting across a diversified portfolio. Powered by our in-house proprietary system, EHLS discerningly invests in high-promise securities and prudently shorts underperformers. This strategic blueprint not only guides our investment choices but also cements EHLS’s status as the prime core equity allocation, independent of market timing. No matter the market environment, EHLS strives to be the investment of choice.
The investment world is full of opportunities, but success often hinges on timing the market correctly. It’s common advice to “buy low and sell high,” but executing this strategy is challenging. This difficulty is magnified when considering not just individual stocks, but entire asset classes. Historical performances often relate to specific periods. Consider, for instance, the possibility of the US experiencing rising interest rates for the next few decades. Would bond performance that faced persistent rate declines over the last four decades be relevant?
Many investment options are tailored for specific market conditions. If you were certain of an upcoming market crash, your investment approach would differ from when anticipating a bull market. However, Even Herd’s Long Short ETF, EHLS, aims to provide a versatile solution. It’s designed to be indifferent to market timing, potentially benefiting a portfolio in any environment.
The strategy is similar to surfing
To help illustrate, the system observes markets like the ocean, with one wave peaking, it capitalizes on finding the next emerging wave. It never predicts but simply reacts. Additionally, this specific fund employs a strategy that includes a risk mitigation component by counteracting market downturns through short-selling stocks that show signs of significant decline, in essence, shorting as the waves appear to be crashing. This entire process is made possible by Even Herd’s proprietary system. The fund emphasizes diversification, holding a wide range of positions to ensure it isn’t overly affected by the performance of just a few holdings. EHLS strives to be the core equity investment that is a viable piece of an investor’s portfolio, regardless of the market environment. Even Herd is focused on watching the herd and catching the trends, so you do not have to.
Fund Specifications
SUMMARY
Even Herd’s Long Short ETF (EHLS) is an actively managed exchange-traded fund oriented towards the pursuit of comprehensive capital appreciation via publicly traded equities. Using its proprietary system, Even Herd takes long positions in securities it believes will outperform and short positions in those expected to underperform, aiming to remain agnostic to market timing. It seeks to maintain between 40 and 90% net equity exposure, although it may stray from that target in either direction if the manager deems it necessary. EHLS also intends to be a diversified fund and be suitable for any market environment.
FUND INFORMATION
Fund Name
Even Herd Long Short ETF
Fund Inception
04/02/2024
Ticker
EHLS
Primary Exchange
NASDAQ
CUSIP
88636J543
NAV Symbol
EHLS.NV
Expense Ratio*
1.58%
30 Day SEC Yield**
NA%
*The Fund’s expense ratio includes Acquired Fund Fees and Expenses (“AFFE”). If AFFE were excluded, the expense ratio would be 1.15%.
**The 30-Day SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on maximum offering price per share and does not reflect waivers in effect. As of NA.
FUND DATA & PRICING (as of 09/06/2024)
Net Assets
$47406448.62
NAV
$19.92
Shares Outstanding
2380000.000
Closing Price
$19.94
Premium/Discount Percentage
0.12%
Median 30 day Spread Percentage
0.21%
*The 30-Day Median Bid-Ask Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
Performance
as of 08/31/2024
as of 08/31/2024
Inception date 04/02/2024
Month-End Performance
Ticker | 1-Month | 3-Month | 6-Month | YTD | 1-Year | Cumulative | Annualized |
---|---|---|---|---|---|---|---|
EHLS NAV |
5.08% | -1.63% | -% | -% | -% | 2.83% | -% |
EHLS MKT |
5.15% | -1.53% | -% | -% | -% | 2.99% | -% |
S&P 500 |
2.43% | 7.39% | -% | -% | -% | 8.33% | NA% |
Quarter-End Performance
Ticker | 1-Month | 3-Month | 6-Month | YTD | 1-Year | Cumulative | Annualized |
---|---|---|---|---|---|---|---|
EHLS NAV |
5.08% | -1.63% | -% | -% | -% | 2.83% | -% |
EHLS MKT |
5.15% | -1.53% | -% | -% | -% | 2.99% | -% |
S&P 500 |
2.43% | 7.39% | -% | -% | -% | 8.33% | NA% |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate 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 +1 (844) 713-1220.
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. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.
The cumulative and annualized numbers above are since inception of the fund, 04/02/2024.
Top Ten Holdings
Fund Holdings
as of 09/06/2024
CUSIP | TICKER | NAME | SHARES | MARKET VALUE | % OF NAV |
---|---|---|---|---|---|
Cash&Other | Cash&Other | Cash & Other | 11195787.900000 | 11195787.90 | 23.27% |
31846V336 | FGXXX | First American Government Obligations Fund 12/01/2031 | 1433067.570000 | 1433067.57 | 2.98% |
842587107 | SO | Southern Co/The | 10790.000000 | 965812.90 | 2.01% |
05961W105 | BMA | Banco Macro SA | 14904.000000 | 944913.60 | 1.96% |
65341D102 | NXRT | NexPoint Residential Trust Inc | 20315.000000 | 932661.65 | 1.94% |
392709101 | GRBK | Green Brick Partners Inc | 12327.000000 | 928099.83 | 1.93% |
36165L108 | GDS | GDS Holdings Ltd | 51339.000000 | 924615.39 | 1.92% |
697660207 | PAM | Pampa Energia SA | 15338.000000 | 869204.46 | 1.81% |
65473P105 | NI | NiSource Inc | 25299.000000 | 844986.60 | 1.76% |
115236101 | BRO | Brown & Brown Inc | 7987.000000 | 835679.81 | 1.74% |
HOLDINGS ARE SUBJECT TO CHANGE.
Top Ten Holdings
Top Ten Fund Holdings
as of 09/06/2024
Ticker: Cash&Other | Cash & Other |
---|---|
Shares: 11195787.900000 | CUSIP: Cash&Other |
23.27% of NAV | Value: $11195787.90 |
Ticker: FGXXX | First American Government Obligations Fund 12/01/2031 |
---|---|
Shares: 1433067.570000 | CUSIP: 31846V336 |
2.98% of NAV | Value: $1433067.57 |
Ticker: SO | Southern Co/The |
---|---|
Shares: 10790.000000 | CUSIP: 842587107 |
2.01% of NAV | Value: $965812.90 |
Ticker: BMA | Banco Macro SA |
---|---|
Shares: 14904.000000 | CUSIP: 05961W105 |
1.96% of NAV | Value: $944913.60 |
Ticker: NXRT | NexPoint Residential Trust Inc |
---|---|
Shares: 20315.000000 | CUSIP: 65341D102 |
1.94% of NAV | Value: $932661.65 |
Ticker: GRBK | Green Brick Partners Inc |
---|---|
Shares: 12327.000000 | CUSIP: 392709101 |
1.93% of NAV | Value: $928099.83 |
Ticker: GDS | GDS Holdings Ltd |
---|---|
Shares: 51339.000000 | CUSIP: 36165L108 |
1.92% of NAV | Value: $924615.39 |
Ticker: PAM | Pampa Energia SA |
---|---|
Shares: 15338.000000 | CUSIP: 697660207 |
1.81% of NAV | Value: $869204.46 |
Ticker: NI | NiSource Inc |
---|---|
Shares: 25299.000000 | CUSIP: 65473P105 |
1.76% of NAV | Value: $844986.60 |
Ticker: BRO | Brown & Brown Inc |
---|---|
Shares: 7987.000000 | CUSIP: 115236101 |
1.74% of NAV | Value: $835679.81 |