SGI Enhanced Nasdaq-100® ETF

July 16, 2024

CURRENT MATERIALS

CURRENT MATERIALS

Overview

INCEPTION
06/14/2024
OBJECTIVE
Seeks Capital Appreciation and Current Income
TICKER
QXQ
PRIMARY EXCHANGE
NASDAQ
CUSIP
74933W239
NET ASSETS
$7,306,427.99
PREMIUM/DISCOUNT1
0.21%
30 DAY MEDIAN BID/ASK SPREAD2
0.31%
GROSS EXPENSE RATIO
0.98%

Nasdaq-100® Exposure + Proprietary Options Overlay

The SGI Enhanced Nasdaq-100® ETF (QXQ) seeks to generate the return of the Nasdaq-100® utilizing futures and options while providing an additional enhanced yield through ultra- short-term options strategies. Emphasizing disciplined risk management, our goal is to outperform the Nasdaq-100® relative to the index.

QXQ uses an innovative, actively traded put and call options methodology that seeks to harness exposure to the Nasdaq-100®4 the S&P 500 Index5 or other broad benchmark indices, that seeks risk control to potentially generate additional income. We believe this gives QXQ the increased potential of providing an enhanced yield compared to traditional option-based strategies coupled with the total return generated from the exposure to the Nasdaq-100®.

Why invest in QXQ?

Strategy

This actively managed ETF combines futures and options based exposure to the Nasdaq-100Index® through risk-managed equity exposure. The strategy also seeks additional enhanced yield through ultra- short-term options strategies.

Investing in Innovation

QXQ delivers access to companies that are on the leading edge of long-term innovative pursuits such as AI, big data, streaming services, electric vehicles, and more.

Risk Management

Our Managed Risk Approach™ employs an active and diligent dynamic hedging strategy through writing put and call options. Investment management that seeks to enhance the amount of income the portfolio receives.

Experienced Investment Team

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

Performance

DAILY PERFORMANCE
AS OF 2024-07-16

NAV
PRICE
$ Change
$26.09
$26.15
% Change
0.00%
0.17%

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
7443487.97
56.08%
$7,443,487.97
NASDAQ 100 E-MINI Sep24
NQU4 Index
NQU4 INDEX
11
34.14%
$4,531,560.00
Apple Inc
AAPL
037833100
720
1.27%
$169,070.40
Microsoft Corp
MSFT
594918104
370
1.25%
$166,322.40
NVIDIA Corp
NVDA
67066G104
1230
1.17%
$155,422.80
Amazon.com Inc
AMZN
023135106
540
0.79%
$104,230.80
Meta Platforms Inc
META
30303M102
180
0.66%
$88,162.20
Broadcom Inc
AVGO
11135F101
500
0.64%
$84,687.50
Tesla Inc
TSLA
88160R101
230
0.44%
$59,008.80
Alphabet Inc
GOOGL
02079K305
300
0.42%
$55,176.00
Alphabet Inc
GOOG
02079K107
290
0.41%
$53,795.00
Costco Wholesale Corp
COST
22160K105
60
0.38%
$51,046.20
Netflix Inc
NFLX
64110L106
60
0.30%
$39,379.20
Advanced Micro Devices Inc
AMD
007903107
220
0.29%
$39,061.00
Adobe Inc
ADBE
00724F101
60
0.26%
$33,992.40
QUALCOMM Inc
QCOM
747525103
150
0.24%
$31,446.00
PepsiCo Inc
PEP
713448108
190
0.24%
$31,304.40
T-Mobile US Inc
TMUS
872590104
160
0.22%
$29,276.80
Applied Materials Inc
AMAT
038222105
110
0.20%
$27,042.40
Linde PLC
LIN
G54950103
60
0.20%
$26,743.80
Cisco Systems Inc
CSCO
17275R102
550
0.20%
$26,081.00
Texas Instruments Inc
TXN
882508104
120
0.19%
$24,794.40
First American Government Obligations Fund
FGXXX
31846V336
2894.13
0.02%
$2,894.13
CBOE S&P CLL OPT 07/24 5725
SPXW 240716C05725000
SPXW 240716C05725000
-8
0.00%
$-40.00
CBOE S&P PUT OPT 07/24 5505
SPXW 240716P05505000
SPXW 240716P05505000
-8
0.00%
$-40.00
CBOE S&P PUT OPT 07/24 5515
SPXW 240716P05515000
SPXW 240716P05515000
-26
0.00%
$-130.00
S&P DOW CLL OPT 07/24 5720
SPXW 240716C05720000
SPXW 240716C05720000
-20
0.00%
$-100.00
SPXW US 07/17/24 C5800
SPXW 240717C05800000
SPXW 240717C05800000
-30
0.00%
$-150.00
CBOE S&P PUT OPT 07/24 5320
SPXW 240717P05320000
SPXW 240717P05320000
-10
0.00%
$-100.00
SPXW US 07/17/24 P5340
SPXW 240717P05340000
SPXW 240717P05340000
-10
0.00%
$-100.00
CBOE S&P PUT OPT 07/24 5365
SPXW 240717P05365000
SPXW 240717P05365000
-32
0.00%
$-320.00
CBOE S&P PUT OPT 07/24 5380
SPXW 240717P05380000
SPXW 240717P05380000
-5
0.00%
$-50.00
SPXW US 07/16/24 P5520
SPXW 240716P05520000
SPXW 240716P05520000
-40
0.00%
$-200.00
ETF holdings and allocations are subject to change at any time and should not be interpreted as an offer of these securities.

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.
4Nasdaq-100® is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange.
5S&P 500 is a stock market index that includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

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 Nasdaq-100® 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.
Leverage amplifies changes in the Fund’s NAV and may make the Fund more volatile. Derivatives may create leverage and can result in losses to the Fund that exceed the amount originally invested and may accelerate the rate of losses. There can be no assurance that the Fund’s use of any leverage will be successful. 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 may “cover” a call option by owning the security underlying the option or through other means. The price and value of options can be highly volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including its anticipated volatility, the time remaining until the expiration of the option contract and economic events.
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.