SGI Enhanced Core ETF

July 16, 2024

CURRENT MATERIALS

CURRENT MATERIALS

Overview

INCEPTION
02/29/2024
OBJECTIVE
Seeks income
TICKER
USDX
PRIMARY EXCHANGE
NASDAQ
CUSIP
74933W254
NET ASSETS
$109,998,178.05
PREMIUM/DISCOUNT1
0.11%
30 DAY MEDIAN BID/ASK SPREAD2
0.24%
GROSS EXPENSE RATIO
0.98%

An Innovative Approach to Pursuing Income

The SGI Enhanced Core ETF (USDX) seeks to generate current income and enhanced yield by utilizing a diversified portfolio of higher-yielding, high quality short-term money market instruments and ultra- short-term options strategies. Emphasizing reduced volatility through disciplined value investment, our goal is to outperform and receive higher dividend yields when compared to the underlying indices.

USDX uses an innovative, actively traded put and call options methodology that harnesses exposure to the S&P 500 Index or other broad benchmark indices, but with a dedicated emphasis on risk control. We believe this gives USDX increased potential of providing improved yield compared to traditional option- based strategies.

Why invest in USDX?

Income Generation

Designed for investors seeking to maximize current income with a diversified portfolio of higher-yielding short-term money market instruments coupled with an ultra-short-term options strategy formulated to generate additional daily income.

Liquidity

Generates a highly liquid component with transparent institutional-quality exposure.

Experienced Investment Team

SGI Portfolio Managers have deep expertise in multi-asset income investing, including asset allocation, tactical positioning, and rigorous research.

Managed Risk Approach

Performance

DAILY PERFORMANCE
AS OF 2024-07-16

NAV
PRICE
$ Change
$25.46
$25.49
% Change
0.03%
0.16%

Portfolio Managers

Aash M. Shah, CFA

Head of Investments & Sr. Portfolio Manager

David Harden, Founder

President | Portfolio Manager | Chief Executive Officer | Chief Investment Officer

Holdings as of 2024-07-16

Name
Ticker
CUSIP
Shares
Weight
Market Value
Cash & Other
Cash&Other
Cash&Other
21575270.86
19.61%
$21,575,270.86
Vanguard Treasury Money Market Fund
VUSXX
921932109
21372737.26
19.43%
$21,372,737.26
Vanguard Federal Money Market Fund
VMFXX
922906300
21372375.92
19.43%
$21,372,375.92
Fidelity Government Cash Reserves
FDRXX
316067107
21347527.41
19.41%
$21,347,527.41
PIMCO Government Money Market Fund
PGFXX
72201P860
21346704.56
19.40%
$21,346,704.56
First American Government Obligations Fund
FGXXX
31846V336
2946782.08
2.68%
$2,946,782.08
T Rowe Price US Treasury Money Fund Inc
PRTXX
77957T305
45321.27
0.04%
$45,321.27
JPMorgan Liquid Assets Money Market Fund
IJLXX
4812C0340
25532.55
0.02%
$25,532.55
SPXW US 07/17/24 P5330
SPXW 240717P05330000
SPXW 240717P05330000
-200
0.00%
$-2,000.00
SPXW US 07/17/24 P5360
SPXW 240717P05360000
SPXW 240717P05360000
-600
-0.01%
$-6,000.00
SPXW US 07/17/24 P5350
SPXW 240717P05350000
SPXW 240717P05350000
-100
0.00%
$-1,000.00
SPXW US 07/17/24 P5340
SPXW 240717P05340000
SPXW 240717P05340000
-19
0.00%
$-190.00
SPXW US 07/17/24 C5810
SPXW 240717C05810000
SPXW 240717C05810000
-1
0.00%
$-5.00
SPXW US 07/17/24 C5825
SPXW 240717C05825000
SPXW 240717C05825000
-300
0.00%
$-1,500.00
SPX US 07/19/24 P5290
SPX 240719P05290000
SPX 240719P05290000
-200
-0.01%
$-8,000.00
SPXW US 07/17/24 C5800
SPXW 240717C05800000
SPXW 240717C05800000
-300
0.00%
$-1,500.00
SPXW US 07/16/24 P5560
SPXW 240716P05560000
SPXW 240716P05560000
-100
0.00%
$-500.00
SPXW US 07/16/24 P5540
SPXW 240716P05540000
SPXW 240716P05540000
-300
0.00%
$-1,500.00
SPXW US 07/16/24 C5730
SPXW 240716C05730000
SPXW 240716C05730000
-175
0.00%
$-875.00
SPXW US 07/16/24 C5710
SPXW 240716C05710000
SPXW 240716C05710000
-200
0.00%
$-1,000.00
SPXW US 07/17/24 C5790
SPXW 240717C05790000
SPXW 240717C05790000
-100
0.00%
$-500.00
ETF holdings and allocations are subject to change at any time and should not be interpreted as an offer of these securities.

Historical Premium/Discount

IMPORTANT INFORMATION

1Premium/Discount If the price of the ETF is trading above its NAV, the ETF is said to be trading at a “premium.” Conversely, if the price of the ETF is trading below its NAV, the ETF is said to be trading at a “discount.” In relatively calm markets, ETF prices and NAV generally stay close.
230-Day Median Bid/Ask Spread % A calculation of the 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.
3Alpha is typically used to represent the value added or subtracted by active investment management strategies. It shows how an actively managed investment portfolio performed compared with the expected portfolio returns produced simply by benchmark volatility (beta) and market changes. A positive alpha shows that an investment manager has been able to capture more of the upside movement in the benchmark while softening the downswings. A negative alpha means that the manager's strategies have caught more benchmark downside than upside.

Important Risk Information

Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in The SGI Enhanced Core ETF's prospectus. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal. The Fund is a newly organized, diversified management investment company with no operating history. To the extent the Fund invests in Underlying Funds that invest in fixed income securities, the Fund will be subject to fixed income securities risks. While fixed income securities normally fluctuate less in price than stocks, there have been extended periods of increases in interest rates that have caused significant declines in fixed income securities prices. To the extent that a Fund invests in Underlying Funds that invest in high-yield securities and unrated securities of similar credit quality (commonly known as “junk bonds”), the Fund may be subject to greater levels of interest rate and credit risk than funds that do not invest in such securities. Small cap companies that the Underlying Funds may invest in may be more volatile than, and not as readily marketable as, those of larger companies. Small companies may also have limited product lines, markets or financial resources and may be dependent on relatively small or inexperienced management groups. Underlying Funds that invest in foreign securities may be subject to special risks, including, but not limited to, currency exchange rate volatility, political, social, or economic instability, less publicly available information, less stringent investor protections and differences in taxation, auditing, and other financial practices. Investments in emerging market securities by Underlying Funds are subject to higher risks than those in developed countries because there is greater uncertainty in less established markets and economies. To the extent the Fund invests in Underlying Funds that focus their investments in a particular industry or sector, the Fund’s shares may be more volatile and fluctuate more than shares of a fund investing in a broader range of securities. The Fund’s investments in derivative instruments including options, forward currency exchange contracts, swaps, and futures, which may be leveraged, may result in losses. Investments in derivative instruments may result in losses exceeding the amounts invested. The use of derivatives is a highly specialized activity that involves investment techniques and risks different from those associated with investments in more traditional securities and instruments.
Diversification does not eliminate the risk of experiencing investment loss.
Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns.
Distributed by Quasar Distributors, LLC.