SGI Enhanced Market Leaders ETF

November 13, 2026

CURRENT MATERIALS

CURRENT MATERIALS

Overview

INCEPTION
05/05/2025
OBJECTIVE
Seek Capital Appreciation and Income
TICKER
LDRX
PRIMARY EXCHANGE
NASDAQ
CUSIP
74933W189
NET ASSETS
$251,630,649.63
PREMIUM/DISCOUNT1
0.06%
30 DAY MEDIAN BID/ASK SPREAD2
0.25%
GROSS EXPENSE RATIO
0.50%

Market Leaders and Enhanced Yield

LDRX seeks to deliver enhanced income and capital appreciation by investing in stocks of companies it considers “market leaders”. The portfolio focuses on companies with consistent leadership in earnings, debt, and valuations, and adjusts positions based on changing risk/return profiles and idiosyncratic risks.

This active strategy aims to generate an “enhanced yield” by an options overlay. This approach seeks to generate income from premiums while keeping costs low.

LDRX may also invest in ETFs and other funds to support diversification and liquidity. With risk management at its core, the strategy seeks equity growth with income generation through options.

Why invest in LDRX?

Income Generation

Designed for investors looking to experience income derived from two distinct sets of holdings: 1) dividends that are generated from a diversified portfolio of global equities that historically generate attractive dividends, and 2) an enhanced income component derived from an ultra-short-term options strategy that seeks to provide additional daily income.

Risk Management

Managed Risk ApproachTM utilizes dynamic hedging through call options or underlying futures.

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 2026-11-13

NAV
PRICE
$ Change
$35.76
$35.79
% Change
-0.51%
-0.50%

Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than the performance shown. Current performance may be lower or higher than that shown here. For performance current to the most recent month-end, please call 855-744-8500.

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 2026-11-13

Name
Ticker
CUSIP
Shares
Weight
Market Value
Apple Inc
AAPL
037833100
77524
10.98%
$27,619,475.48
NVIDIA Corp
NVDA
67066G104
129766
8.40%
$21,132,393.10
Microsoft Corp
MSFT
594918104
39245
8.17%
$20,559,670.60
Alphabet Inc
GOOGL
02079K305
58333
6.86%
$17,253,151.41
Amazon.com Inc
AMZN
023135106
53549
5.67%
$14,279,376.34
Broadcom Inc
AVGO
11135F101
25870
3.57%
$8,977,148.70
Meta Platforms Inc
META
30303M102
11720
2.99%
$7,520,606.80
Eli Lilly & Co
LLY
532457108
4103
2.35%
$5,922,680.50
Berkshire Hathaway Inc
BRK/B
084670702
9641
2.27%
$5,716,534.54
Tesla Inc
TSLA
88160R101
14639
2.27%
$5,712,430.58
JPMORGAN CHASE & CO.
JPM
46625H100
14509
2.00%
$5,022,870.71
Micron Technology Inc
MU
595112103
5983
1.85%
$4,656,628.73
Advanced Micro Devices Inc
AMD
007903107
8546
1.81%
$4,564,076.76
Visa Inc
V
92826C839
8874
1.50%
$3,778,194.24
Johnson & Johnson
JNJ
478160104
12538
1.42%
$3,582,733.50
ExxonMobil Holdings Corp
XOM
30233Q108
21029
1.42%
$3,564,836.08
Walmart Inc
WMT
931142103
23086
1.18%
$2,957,085.74
Mastercard Inc
MA
57636Q104
4342
1.14%
$2,870,886.98
AbbVie Inc
ABBV
00287Y109
9219
1.08%
$2,719,881.57
Costco Wholesale Corp
COST
22160K105
2219
0.98%
$2,454,679.99
Chevron Corp
CVX
166764100
10262
0.90%
$2,256,511.18
Procter & Gamble Co/The
PG
742718109
11915
0.80%
$2,023,167.00
Cisco Systems Inc
CSCO
17275R102
21074
0.80%
$2,015,517.36
UnitedHealth Group Inc
UNH
91324P102
4932
0.80%
$2,009,592.72
Palantir Technologies Inc
PLTR
69608A108
11913
0.80%
$2,001,264.87
Coca-Cola Co/The
KO
191216100
19425
0.77%
$1,927,931.25
Merck & Co Inc
MRK
58933Y105
12947
0.76%
$1,913,048.72
Home Depot Inc/The
HD
437076102
5336
0.74%
$1,860,609.84
Bank of America Corp
BAC
060505104
35735
0.72%
$1,823,199.70
GE AEROSPACE
GE
369604301
5429
0.72%
$1,801,396.49
Goldman Sachs Group Inc/The
GS
38141G104
1670
0.61%
$1,530,655.20
Applied Materials Inc
AMAT
038222105
4070
0.60%
$1,507,935.00
Intel Corp
INTC
458140100
25095
0.59%
$1,497,167.70
Caterpillar Inc
CAT
149123101
2451
0.58%
$1,471,090.20
Wells Fargo & Co
WFC
949746101
17092
0.58%
$1,470,766.60
Lam Research Corp
LRCX
512807306
6499
0.58%
$1,468,254.08
Texas Instruments Inc
TXN
882508104
4709
0.57%
$1,429,652.40
RTX Corp
RTX
75513E101
7122
0.56%
$1,414,286.76
Netflix Inc
NFLX
64110L106
21393
0.53%
$1,329,574.95
Thermo Fisher Scientific Inc
TMO
883556102
1870
0.52%
$1,309,411.40
iShares S&P 100 ETF
OEF
464287101
3520
0.52%
$1,308,067.20
Palo Alto Networks Inc
PANW
697435105
4028
0.52%
$1,297,982.72
Morgan Stanley
MS
617446448
6758
0.51%
$1,288,412.70
International Business Machines Corp
IBM
459200101
5028
0.49%
$1,242,569.64
Oracle Corp
ORCL
68389X105
9666
0.48%
$1,211,633.10
Amgen Inc
AMGN
031162100
2574
0.48%
$1,198,634.58
Citigroup Inc
C
172967424
9623
0.47%
$1,193,348.23
Linde PLC
LIN
G54950103
2251
0.47%
$1,184,161.06
GE Vernova Inc
GEV
36828A101
1417
0.45%
$1,138,035.21
Walt Disney Co/The
DIS
254687106
9271
0.44%
$1,102,970.87
Gilead Sciences Inc
GILD
375558103
6402
0.43%
$1,076,048.16
Arista Networks Inc
ANET
040413205
5431
0.43%
$1,071,481.99
McDonald's Corp
MCD
580135101
3816
0.41%
$1,037,837.52
Verizon Communications Inc
VZ
92343V104
22002
0.41%
$1,020,012.72
PepsiCo Inc
PEP
713448108
6883
0.40%
$1,001,063.52
Abbott Laboratories
ABT
002824100
8984
0.39%
$974,943.68
QUALCOMM Inc
QCOM
747525103
5481
0.38%
$945,308.07
Blackrock Inc
BLK
09290D101
770
0.37%
$941,640.70
NextEra Energy Inc
NEE
65339F101
10973
0.37%
$934,021.76
American Express Co
AXP
025816109
2908
0.37%
$932,304.80
Salesforce Inc
CRM
79466L302
4231
0.37%
$921,681.04
Charles Schwab Corp/The
SCHW
808513105
9738
0.36%
$905,439.24
Union Pacific Corp
UNP
907818108
2956
0.36%
$894,012.64
Deere & Co
DE
244199105
1297
0.35%
$873,581.38
Intuitive Surgical Inc
ISRG
46120E602
1878
0.33%
$833,062.02
ConocoPhillips
COP
20825C104
5848
0.33%
$826,614.80
Pfizer Inc
PFE
717081103
28179
0.32%
$814,091.31
Accenture PLC
ACN
G1151C101
3201
0.32%
$801,818.49
AT&T Inc
T
00206R102
35230
0.31%
$781,401.40
Danaher Corp
DHR
235851102
3273
0.30%
$762,674.46
Boeing Co/The
BA
097023105
4242
0.29%
$727,503.00
Medtronic PLC
MDT
G5960L103
6862
0.28%
$705,825.32
Starbucks Corp
SBUX
855244109
6386
0.27%
$679,725.84
Bristol-Myers Squibb Co
BMY
110122108
10707
0.27%
$679,145.01
Sandisk Corp
SNDK
80004C200
766
0.27%
$677,917.66
Capital One Financial Corp
COF
14040H105
3448
0.27%
$669,877.44
Uber Technologies Inc
UBER
90353T100
9451
0.26%
$658,640.19
Lowe's Cos Inc
LOW
548661107
2860
0.26%
$651,307.80
CVS Health Corp
CVS
126650100
7197
0.26%
$643,051.95
Booking Holdings Inc
BKNG
09857L108
3786
0.24%
$604,169.88
Lockheed Martin Corp
LMT
539830109
976
0.23%
$581,735.04
Dell Technologies Inc
DELL
24703L202
1672
0.23%
$576,054.16
ServiceNow Inc
NOW
81762P102
5599
0.23%
$572,497.75
Bank of New York Mellon Corp/The
BNY
064058100
3547
0.22%
$544,145.27
Duke Energy Corp
DUK
26441C204
4199
0.22%
$542,342.84
US Bancorp
USB
902973304
8475
0.21%
$516,890.25
Southern Co/The
SO
842587107
5547
0.20%
$514,928.01
Comcast Corp
CMCSA
20030N101
20344
0.20%
$511,855.04
United Parcel Service Inc
UPS
911312106
4362
0.19%
$483,135.12
3M Co
MMM
88579Y101
2578
0.19%
$473,475.48
AMERICAN TOWER CORP
AMT
03027X100
2460
0.19%
$471,434.40
Emerson Electric Co
EMR
291011104
2833
0.19%
$471,354.54
General Dynamics Corp
GD
369550108
1286
0.19%
$467,409.56
Intuit Inc
INTU
461202103
1314
0.18%
$448,993.80
First American Government Obligations Fund
FGXXX
31846V336
445508.53
0.18%
$445,508.53
Mondelez International Inc
MDLZ
609207105
6306
0.17%
$425,907.24
Adobe Inc
ADBE
00724F101
1743
0.17%
$423,688.44
General Motors Co
GM
37045V100
4790
0.16%
$411,940.00
FedEx Corp
FDX
31428X106
1216
0.16%
$394,154.24
T-Mobile US Inc
TMUS
872590104
2319
0.16%
$394,114.05
STATE ST PUT OPT 11/26 635
SPY 261119P00635000
SPY 261119P00635000
8000
0.03%
$64,000.00
STATE ST PUT OPT 11/26 585
SPY 261120P00585000
SPY 261120P00585000
8000
0.02%
$48,000.00
SPY US 11/18/26 P650
SPY 261118P00650000
SPY 261118P00650000
8000
0.02%
$40,000.00
INVESCO PUT OPT 11/26 530
QQQ 261120P00530000
QQQ 261120P00530000
-8000
-0.03%
$-72,000.00
INVESCO PUT OPT 11/26 575
QQQ 261119P00575000
QQQ 261119P00575000
-8000
-0.05%
$-136,000.00
QQQ US 11/18/26 P600
QQQ 261118P00600000
QQQ 261118P00600000
-8000
-0.05%
$-128,000.00
Cash & Other
Cash&Other
Cash&Other
19224.92
0.01%
$19,224.92
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

N/A

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.

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 Market Leaders ETF's 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. Securities that can be converted into common stock, such as certain securities and preferred stock, are subject to the usual risks associated with fixed income investments, such as interest rate risk and credit risk. 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. An option is a type of derivative instrument that gives the holder the right (but not the obligation) to buy (a “call”) or sell (a “put”) an asset in the near future at an agreed upon price prior to the expiration date of the option.
The Fund’s investment performance may be affected by the investment performance of the underlying funds in which the Fund may invest. The Fund is non-diversified. Compared to other funds, the Fund may invest more of its assets in a smaller number of companies. Gains or losses on a single stock may have greater impact on the Fund.
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.