EHLS2024-05-23T17:19:33+00:00
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 05/24/2024)

Net Assets

$48027080.21

NAV

$21.35

Shares Outstanding

2250000.000

Closing Price

$21.37

Premium/Discount Percentage

0.09%

Median 30 day Spread Percentage

0.20%

*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 04/30/2024

as of 04/30/2024

Inception date 04/02/2024

Month-End Performance

Ticker 1-Month 3-Month 6-Month YTD 1-Year Cumulative Annualized
EHLS NAV
-% -% -% -% -% -2.28% -%
EHLS MKT
-% -% -% -% -% -2.16% -%
S&P 500
-% -% -% -% -% -4.08% -%

Quarter-End Performance

Ticker 1-Month 3-Month 6-Month YTD 1-Year Cumulative Annualized
EHLS NAV
NA% NA% NA% NA% NA% NA% NA%
EHLS MKT
NA% NA% NA% NA% NA% NA% NA%
S&P 500
NA% NA% NA% NA% NA% NA% 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 05/24/2024
CUSIP TICKER NAME SHARES MARKET VALUE % OF NAV
Cash&Other Cash&Other Cash & Other 16588177.210000 16588177.21 35.25%
92840M102 VST Vistra Corp 11475.000000 1103091.75 2.34%
29084Q100 EME EMCOR Group Inc 2388.000000 931558.80 1.98%
629377508 NRG NRG Energy Inc 11470.000000 930102.30 1.98%
85208M102 SFM Sprouts Farmers Market Inc 11216.000000 905019.04 1.92%
M9T951109 ZIM ZIM Integrated Shipping Services Ltd 45859.000000 890123.19 1.89%
749527107 REVG REV Group Inc 33236.000000 879756.92 1.87%
98956A105 ZETA Zeta Global Holdings Corp 50994.000000 874547.10 1.86%
46817M107 JXN Jackson Financial Inc 11256.000000 873578.16 1.86%
92645B103 VCTR Victory Capital Holdings Inc 16476.000000 872074.68 1.85%
HOLDINGS ARE SUBJECT TO CHANGE.

Top Ten Holdings

Top Ten Fund Holdings

as of 05/24/2024
Ticker: Cash&Other Cash & Other
Shares: 16588177.210000 CUSIP:  Cash&Other
35.25% of NAV Value: $16588177.21
Ticker: VST Vistra Corp
Shares: 11475.000000 CUSIP:  92840M102
2.34% of NAV Value: $1103091.75
Ticker: EME EMCOR Group Inc
Shares: 2388.000000 CUSIP:  29084Q100
1.98% of NAV Value: $931558.80
Ticker: NRG NRG Energy Inc
Shares: 11470.000000 CUSIP:  629377508
1.98% of NAV Value: $930102.30
Ticker: SFM Sprouts Farmers Market Inc
Shares: 11216.000000 CUSIP:  85208M102
1.92% of NAV Value: $905019.04
Ticker: ZIM ZIM Integrated Shipping Services Ltd
Shares: 45859.000000 CUSIP:  M9T951109
1.89% of NAV Value: $890123.19
Ticker: REVG REV Group Inc
Shares: 33236.000000 CUSIP:  749527107
1.87% of NAV Value: $879756.92
Ticker: ZETA Zeta Global Holdings Corp
Shares: 50994.000000 CUSIP:  98956A105
1.86% of NAV Value: $874547.10
Ticker: JXN Jackson Financial Inc
Shares: 11256.000000 CUSIP:  46817M107
1.86% of NAV Value: $873578.16
Ticker: VCTR Victory Capital Holdings Inc
Shares: 16476.000000 CUSIP:  92645B103
1.85% of NAV Value: $872074.68
HOLDINGS ARE SUBJECT TO CHANGE.
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