SGI U.S. Large Cap Core ETF

October 24, 2025

CURRENT MATERIALS

CURRENT MATERIALS

Overview

INCEPTION
03/31/2023
OBJECTIVE
Long-term capital appreciation
TICKER
SGLC
PRIMARY EXCHANGE
NYSE
CUSIP
74933W593
NET ASSETS
$103,989,245.52
PREMIUM/DISCOUNT1
0.08%
30 DAY MEDIAN BID/ASK SPREAD2
0.27%
TRACKING ERROR
0.919%
TRACKING BASKET WEIGHT OVERLAP
0.96884400

SGI U.S. Large Cap Core ETF | An Actively Managed Semi-Transparent Exchange Traded Fund

As part of an evolution of the ETF space, semi-transparent ETFs disclose holdings quarterly, like a mutual fund. This allows potential for greater alpha3 to be generated by our proprietary portfolio trading strategy. Unlike traditional ETFs, we do not reveal our insights and decisions daily, minimizing the potential for other traders to engage in practices that may potentially harm the Fund and its shareholders. Like all ETFs, SGLC offers daily liquidity, is tax-efficient and has competitive expenses.

STRATEGY

We select stocks we believe exhibit less volatile stock price patterns, strengthening business metrics and a variety of attractive quantitative factors.

RISK MITIGATION

We continually review idiosyncratic risks associated with each stock and may sell if we deem these risks to be elevated due to sustainability, governance issues, negative exclusionary screening, legal risks, or if the risk/ return characteristics decline.

This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. For example:

  • You may have to pay more money to trade an ETF's shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information.
  • The price you pay to buy ETF shares on an exchange may not match the value of the ETF's portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because this ETF provides less information to traders.
  • These additional risks may be even greater in bad or uncertain market conditions.
  • The SGI Large Cap Core ETF will publish on its website each day a “Proxy Portfolio” designed to help trading in shares of the ETF. While the Proxy Portfolio includes all the names of the ETF's holdings, it is not the ETF's actual portfolio.

The differences between this ETF and other ETFs may also have advantages. By keeping certain information about an ETF portfolio secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETFs' performance. If other traders are able to copy or predict an ETF's investment strategy, however, this may hurt the ETF's performance.

For additional information regarding the unique attributes and risks of this ETF, see the Prospectus .

Performance

DAILY PERFORMANCE
AS OF 2025-10-24

NAV
PRICE
$ Change
$37.14
$37.17
% Change
0.65%
0.76%

QUARTERLY PERFORMANCE%
as of 2025-09-30

Quarter
1 Year
Since Inception*
NAV
7.78
N/A
62.19
Market
8.09
N/A
62.17

MONTHLY PERFORMANCE%
AS OF 2025-09-30

3 Month
1 Year
Since Inception*
NAV
7.78
12.29
62.19
Market
8.09
12.14
62.17
*Inception 03/31/2023; Gross Expense Ratio 0.85% Performance greater than one year is annualized.
The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. 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. Returns less than one year are not annualized. You cannot invest directly in an index. Shares are bought and sold at market price (closing price), not net asset value (NAV), and are individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time when the NAV is typically calculated. Brokerage commissions will reduce returns.

Portfolio Managers

Aash M. Shah, CFA

Head of Investments & Sr. Portfolio Manager

David Harden, Founder

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

Tracking Basket as of 2025-10-24

Name
Ticker
CUSIP
Shares
Weight
Market Value
NVIDIA Corp
NVDA
67066G104
100
10.05%
$18,626.00
Microsoft Corp
MSFT
594918104
23
6.50%
$12,043.03
Apple Inc
AAPL
037833100
40
5.67%
$10,512.80
Alphabet Inc
GOOGL
02079K305
32
4.49%
$8,317.44
Mastercard Inc
MA
57636Q104
11
3.41%
$6,310.37
Meta Platforms Inc
META
30303M102
8
3.19%
$5,906.88
Amazon.com Inc
AMZN
023135106
24
2.90%
$5,381.04
Booking Holdings Inc
BKNG
09857L108
1
2.78%
$5,146.16
Regeneron Pharmaceuticals Inc
REGN
75886F107
8
2.50%
$4,623.60
Fox Corp
FOX
35137L204
76
2.17%
$4,020.40
Progressive Corp/The
PGR
743315103
18
2.13%
$3,943.62
Costco Wholesale Corp
COST
22160K105
4
2.01%
$3,728.56
Micron Technology Inc
MU
595112103
17
2.01%
$3,723.34
Palantir Technologies Inc
PLTR
69608A108
20
1.99%
$3,692.60
Colgate-Palmolive Co
CL
194162103
44
1.85%
$3,432.00
Lam Research Corp
LRCX
512807306
20
1.64%
$3,033.60
JPMORGAN CHASE & CO.
JPM
46625H100
10
1.62%
$3,004.40
Freeport-McMoRan Inc
FCX
35671D857
63
1.41%
$2,606.31
Broadcom Inc
AVGO
11135F101
7
1.34%
$2,478.91
Eli Lilly & Co
LLY
532457108
3
1.34%
$2,476.35
Deckers Outdoor Corp
DECK
243537107
28
1.31%
$2,434.32
Paychex Inc
PAYX
704326107
19
1.28%
$2,367.40
Merck & Co Inc
MRK
58933Y105
27
1.27%
$2,362.23
Arista Networks Inc
ANET
040413205
15
1.25%
$2,307.30
CBRE Group Inc
CBRE
12504L109
14
1.23%
$2,281.44
PepsiCo Inc
PEP
713448108
14
1.15%
$2,121.70
Berkshire Hathaway Inc
BRK/B
084670702
4
1.06%
$1,968.40
CF Industries Holdings Inc
CF
125269100
22
1.03%
$1,902.34
Prudential Financial Inc
PRU
744320102
16
0.88%
$1,634.88
Autodesk Inc
ADSK
052769106
5
0.84%
$1,564.40
T-Mobile US Inc
TMUS
872590104
7
0.82%
$1,524.39
Automatic Data Processing Inc
ADP
053015103
5
0.76%
$1,404.70
AbbVie Inc
ABBV
00287Y109
6
0.74%
$1,367.94
Ralph Lauren Corp
RL
751212101
4
0.72%
$1,342.68
Incyte Corp
INCY
45337C102
14
0.69%
$1,277.92
GE Vernova Inc
GEV
36828A101
2
0.63%
$1,168.78
UnitedHealth Group Inc
UNH
91324P102
3
0.59%
$1,087.50
Simon Property Group Inc
SPG
828806109
6
0.58%
$1,068.54
Visa Inc
V
92826C839
3
0.56%
$1,042.14
Exxon Mobil Corp
XOM
30231G102
9
0.56%
$1,038.51
NRG Energy Inc
NRG
629377508
6
0.55%
$1,022.16
DTE Energy Co
DTE
233331107
6
0.46%
$851.04
Newmont Corp
NEM
651639106
10
0.45%
$833.70
PNC Financial Services Group Inc/The
PNC
693475105
4
0.40%
$745.76
Axon Enterprise Inc
AXON
05464C101
1
0.40%
$735.95
Adobe Inc
ADBE
00724F101
2
0.38%
$707.04
Verisk Analytics Inc
VRSK
92345Y106
3
0.38%
$704.82
Everest Group Ltd
EG
G3223R108
2
0.38%
$697.88
Arch Capital Group Ltd
ACGL
G0450A105
8
0.38%
$697.20
IDEX Corp
IEX
45167R104
4
0.36%
$671.80
Amphenol Corp
APH
032095101
5
0.36%
$669.10
Union Pacific Corp
UNP
907818108
3
0.35%
$649.83
Northern Trust Corp
NTRS
665859104
5
0.34%
$630.15
Westinghouse Air Brake Technologies Corp
WAB
929740108
3
0.32%
$592.89
Charles Schwab Corp/The
SCHW
808513105
6
0.31%
$566.52
Intuitive Surgical Inc
ISRG
46120E602
1
0.29%
$546.51
MSCI Inc
MSCI
55354G100
1
0.29%
$542.29
Caterpillar Inc
CAT
149123101
1
0.28%
$522.73
ULTA BEAUTY INC
ULTA
90384S303
1
0.28%
$517.66
DoorDash Inc
DASH
25809K105
2
0.28%
$516.30
QUALCOMM Inc
QCOM
747525103
3
0.27%
$506.82
Consolidated Edison Inc
ED
209115104
5
0.27%
$500.20
Lennox International Inc
LII
526107107
1
0.27%
$496.24
Copart Inc
CPRT
217204106
11
0.27%
$491.26
Lockheed Martin Corp
LMT
539830109
1
0.26%
$485.41
Lowe's Cos Inc
LOW
548661107
2
0.26%
$485.42
Gilead Sciences Inc
GILD
375558103
4
0.26%
$483.76
FedEx Corp
FDX
31428X106
2
0.26%
$482.30
Ameriprise Financial Inc
AMP
03076C106
1
0.26%
$479.18
Analog Devices Inc
ADI
032654105
2
0.26%
$476.02
Applied Materials Inc
AMAT
038222105
2
0.25%
$457.50
Biogen Inc
BIIB
09062X103
3
0.24%
$449.67
Danaher Corp
DHR
235851102
2
0.24%
$446.02
Diamondback Energy Inc
FANG
25278X109
3
0.24%
$437.58
Honeywell International Inc
HON
438516106
2
0.23%
$432.28
Yum! Brands Inc
YUM
988498101
3
0.23%
$430.08
Trane Technologies PLC
TT
G8994E103
1
0.23%
$425.87
NextEra Energy Inc
NEE
65339F101
5
0.23%
$422.05
Vertex Pharmaceuticals Inc
VRTX
92532F100
1
0.23%
$421.39
Monster Beverage Corp
MNST
61174X109
6
0.23%
$418.14
Ameren Corp
AEE
023608102
4
0.23%
$417.12
Expand Energy Corp
EXE
165167735
4
0.22%
$415.08
Interactive Brokers Group Inc
IBKR
45841N107
6
0.22%
$412.50
Boston Scientific Corp
BSX
101137107
4
0.22%
$404.44
Vistra Corp
VST
92840M102
2
0.22%
$402.94
United Airlines Holdings Inc
UAL
910047109
4
0.21%
$397.24
Marathon Petroleum Corp
MPC
56585A102
2
0.21%
$392.44
Mosaic Co/The
MOS
61945C103
13
0.21%
$389.74
Exelon Corp
EXC
30161N101
8
0.21%
$384.28
Airbnb Inc
ABNB
009066101
3
0.21%
$383.97
Cintas Corp
CTAS
172908105
2
0.21%
$381.66
Comcast Corp
CMCSA
20030N101
13
0.21%
$380.64
Ford Motor Co
F
345370860
27
0.20%
$373.68
Delta Air Lines Inc
DAL
247361702
6
0.20%
$365.70
Devon Energy Corp
DVN
25179M103
11
0.20%
$362.67
Lululemon Athletica Inc
LULU
550021109
2
0.19%
$356.34
Coterra Energy Inc
CTRA
127097103
15
0.19%
$353.25
General Dynamics Corp
GD
369550108
1
0.19%
$350.77
Bristol-Myers Squibb Co
BMY
110122108
8
0.19%
$350.64
NetApp Inc
NTAP
64110D104
3
0.19%
$349.92
General Motors Co
GM
37045V100
5
0.19%
$348.30
Host Hotels & Resorts Inc
HST
44107P104
21
0.19%
$346.29
Cadence Design Systems Inc
CDNS
127387108
1
0.19%
$345.10
A O Smith Corp
AOS
831865209
5
0.19%
$344.50
Snap-on Inc
SNA
833034101
1
0.19%
$343.93
ONEOK Inc
OKE
682680103
5
0.19%
$343.05
ELEVANCE HEALTH INC
ELV
036752103
1
0.18%
$342.35
Fortinet Inc
FTNT
34959E109
4
0.18%
$342.24
Texas Instruments Inc
TXN
882508104
2
0.18%
$338.26
US Bancorp
USB
902973304
7
0.18%
$337.82
Bank of New York Mellon Corp/The
BK
064058100
3
0.17%
$322.38
Insulet Corp
PODD
45784P101
1
0.17%
$320.91
EPAM Systems Inc
EPAM
29414B104
2
0.17%
$318.80
Cincinnati Financial Corp
CINF
172062101
2
0.17%
$313.34
Blackstone Inc
BX
09260D107
2
0.17%
$309.20
Targa Resources Corp
TRGP
87612G101
2
0.17%
$307.54
Steel Dynamics Inc
STLD
858119100
2
0.17%
$305.90
Procter & Gamble Co/The
PG
742718109
2
0.16%
$304.98
Federal Realty Investment Trust
FRT
313745101
3
0.16%
$303.90
Public Storage
PSA
74460D109
1
0.16%
$302.24
Extra Space Storage Inc
EXR
30225T102
2
0.16%
$300.52
Cooper Cos Inc/The
COO
216648501
4
0.16%
$294.04
Zoetis Inc
ZTS
98978V103
2
0.16%
$291.88
Oracle Corp
ORCL
68389X105
1
0.15%
$283.33
Dexcom Inc
DXCM
252131107
4
0.15%
$281.32
Salesforce Inc
CRM
79466L302
1
0.14%
$254.83
Accenture PLC
ACN
G1151C101
1
0.13%
$247.65
VeriSign Inc
VRSN
92343E102
1
0.13%
$247.08
ETF holdings and allocations are subject to change at any time and should not be interpreted as an offer of these securities.

Holdings as of 2025-09-30

Name
Ticker
CUSIP
Shares
Weight
Market Value
Apple, Inc.
AAPL
037833100
17730.00
4.48%
$4,659,798.60
Abbvie, Inc.
ABBV
00287Y109
3051.00
0.67%
$695,597.49
AirBnB, Inc. - Class A
ABNB
009066101
1574.00
0.19%
$201,456.26
Arch Capital Group Limited
ACGL
G0450A105
4040.00
0.34%
$352,086.00
Adobe, Inc.
ADBE
00724F101
1368.00
0.46%
$483,615.36
Analog Devices, Inc.
ADI
032654105
963.00
0.22%
$229,203.63
Automatic Data Processing, Inc.
ADP
053015103
2585.00
0.70%
$726,229.90
Autodesk, Inc.
ADSK
052769106
2751.00
0.83%
$860,732.88
Ameren Corporation
AEE
023608102
1944.00
0.19%
$202,720.32
Allstate Corporation
ALL
020002101
1060.00
0.20%
$204,781.40
Applied Materials, Inc.
AMAT
038222105
1433.00
0.32%
$327,798.75
Ameriprise Financial, Inc.
AMP
03076C106
401.00
0.18%
$192,151.18
Amazon.com, Inc.
AMZN
023135106
13009.00
2.80%
$2,916,747.89
Arista Networks, Inc.
ANET
040413205
7011.00
1.04%
$1,078,432.02
A. O. Smith Corporation
AOS
831865209
2737.00
0.18%
$188,579.30
Amphenol Corporation - Class A
APH
032095101
11155.00
1.44%
$1,492,762.10
Broadcom, Inc.
AVGO
11135F101
2073.00
0.71%
$734,111.49
Axon Enterprise, Inc.
AXON
05464C101
593.00
0.42%
$436,418.35
Biogen Inc.
BIIB
09062X103
1383.00
0.20%
$207,297.87
Booking Holdings, Inc.
BKNG
09857L108
315.00
1.56%
$1,621,040.40
Berkshire Hathaway, Inc. - Class B
BRKB
084670702
2176.00
1.03%
$1,070,809.60
Boston Scientific Corporation
BSX
101137107
2140.00
0.21%
$216,375.40
Blackstone Group, Inc.
BX
09260D107
1133.00
0.17%
$175,161.80
Caterpillar, Inc.
CAT
149123101
818.00
0.41%
$427,593.14
CBRE Group, Inc. - Class A
CBRE
12504L109
7696.00
1.21%
$1,254,140.16
Cadence Design Systems, Inc.
CDNS
127387108
593.00
0.20%
$204,644.30
CF Industries Holdings, Inc.
CF
125269100
11458.00
0.95%
$990,773.26
Cincinnati Financial Corporation
CINF
172062101
1204.00
0.18%
$188,630.68
Colgate-Palmolive Company
CL
194162103
23302.00
1.75%
$1,817,556.00
Comcast Corporation
CMCSA
20030N101
6836.00
0.19%
$200,158.08
Cooper Companies, Inc.
COO
216648501
2596.00
0.18%
$190,831.96
Costco Wholesale Corporation
COST
22160K105
2029.00
1.82%
$1,891,312.06
Copart, Inc.
CPRT
217204106
6082.00
0.26%
$271,622.12
Salesforce.com, Inc.
CRM
79466L302
783.00
0.19%
$199,531.89
Cintas Corporation
CTAS
172908105
911.00
0.17%
$173,846.13
Coterra Energy, Inc.
CTRA
127097103
8116.00
0.18%
$191,131.80
DoorDash, Inc. - Class A
DASH
25809K105
816.00
0.20%
$210,650.40
Deckers Outdoor Corporation
DECK
243537107
12802.00
1.07%
$1,113,005.88
Danaher Corporation
DHR
235851102
1226.00
0.26%
$273,410.26
DTE Energy Co.
DTE
233331107
3570.00
0.49%
$506,368.80
Devon Energy Corporation
DVN
25179M103
5795.00
0.18%
$191,061.15
DexCom, Inc.
DXCM
252131107
2160.00
0.15%
$151,912.80
Electronic Arts, Inc.
EA
285512109
1238.00
0.24%
$248,639.92
Everest Re Group Limited
EG
G3223R108
1275.00
0.43%
$444,898.50
Elevance Health Inc.
ELV
036752103
487.00
0.16%
$166,724.45
EPAM Systems, Inc.
EPAM
29414B104
1142.00
0.18%
$182,034.80
Equinix, Inc.
EQIX
29444U700
223.00
0.18%
$187,206.27
Expand Energy Corporation
EXE
165167735
3717.00
0.37%
$385,713.09
Diamondback Energy, Inc.
FANG
25278X109
2288.00
0.32%
$333,727.68
Freeport-McMoRan, Inc.
FCX
35671D857
35904.00
1.43%
$1,485,348.48
FedEx Corporation
FDX
31428X106
950.00
0.22%
$229,092.50
Fox Corporation - Class B
FOX
35137L204
41389.00
2.11%
$2,189,478.10
Federal Realty Investment Trust
FRT
313745101
1903.00
0.19%
$192,773.90
Fortinet, Inc.
FTNT
34959E109
1982.00
0.16%
$169,579.92
General Dynamics Corporation
GD
369550108
718.00
0.24%
$251,852.86
GE Vernova LLC
GEV
36828A101
1217.00
0.68%
$711,202.63
Gilead Sciences, Inc.
GILD
375558103
2225.00
0.26%
$269,091.50
Alphabet, Inc. - Class A
GOOGL
02079K305
18942.00
4.73%
$4,923,404.64
W. W. Grainger, Inc.
GWW
384802104
173.00
0.16%
$167,534.93
Home Depot, Inc.
HD
437076102
3144.00
1.17%
$1,215,721.92
Honeywell International, Inc.
HON
438516106
893.00
0.19%
$193,013.02
Host Hotels & Resorts, Inc.
HST
44107P104
11181.00
0.18%
$184,374.69
Howmet Aerospace, Inc.
HWM
443201108
1094.00
0.21%
$217,169.94
Interactive Brokers Group, Inc. - Class A
IBKR
45841N107
3202.00
0.21%
$220,137.50
IDEX Corporation
IEX
45167R104
2353.00
0.38%
$395,186.35
Incyte Corporation
INCY
45337C102
8016.00
0.70%
$731,700.48
Intuitive Surgical, Inc.
ISRG
46120E602
915.00
0.48%
$500,056.65
JPMorgan Chase & Co.
JPM
46625H100
5021.00
1.45%
$1,508,509.24
KLA-Tencor Corporation
KLAC
482480100
305.00
0.35%
$360,760.10
LENNOX INTL INC
LII
526107107
297.00
0.14%
$147,383.28
Eli Lilly And Company
LLY
532457108
1386.00
1.10%
$1,144,073.70
Lockheed Martin Corporation
LMT
539830109
435.00
0.20%
$211,153.35
Lowe's Companies, Inc.
LOW
548661107
929.00
0.22%
$225,477.59
Lam Research Corporation
LRCX
512807306
11337.00
1.65%
$1,719,596.16
Lululemon Athletica, Inc.
LULU
550021109
940.00
0.16%
$167,479.80
Mastercard, Inc.
MA
57636Q104
5927.00
3.27%
$3,400,142.09
Facebook, Inc. - Class A
META
30303M102
4696.00
3.33%
$3,467,338.56
Monster Beverage Corporation
MNST
61174X109
3204.00
0.21%
$223,286.76
MOSAIC CO NEW COM
MOS
61945C103
6008.00
0.17%
$180,119.84
Marathon Petroleum Corporation
MPC
56585A102
1189.00
0.22%
$233,305.58
MONOLITHIC PWR SYS INC COM
MPWR
609839105
408.00
0.42%
$438,563.28
Merck & Co., Inc.
MRK
58933Y105
8999.00
0.76%
$787,322.51
MSCI, Inc.
MSCI
55354G100
342.00
0.18%
$185,463.18
Microsoft Corporation
MSFT
594918104
11353.00
5.72%
$5,944,544.33
Match Group, Inc.
MTCH
57667L107
5138.00
0.16%
$167,601.56
Micron Technology, Inc.
MU
595112103
7420.00
1.56%
$1,625,128.40
NextEra Energy, Inc.
NEE
65339F101
2728.00
0.22%
$230,270.48
Newmont Corporation
NEM
651639106
5429.00
0.44%
$452,615.73
Netflix, Inc.
NFLX
64110L106
185.00
0.19%
$202,517.65
NiSource, Inc.
NI
65473P105
12296.00
0.52%
$536,474.48
ServiceNow, Inc.
NOW
81762P102
170.00
0.15%
$158,128.90
NRG Energy, Inc.
NRG
629377508
3545.00
0.58%
$603,926.20
NetApp, Inc.
NTAP
64110D104
1637.00
0.18%
$190,939.68
Northern Trust Corporation
NTRS
665859104
2517.00
0.31%
$317,217.51
NVIDIA Corporation
NVDA
67066G104
52965.00
9.49%
$9,865,260.90
Oneok, Inc.
OKE
682680103
2402.00
0.16%
$164,801.22
Paychex, Inc.
PAYX
704326107
10185.00
1.22%
$1,269,051.00
PepsiCo, Inc.
PEP
713448108
7850.00
1.14%
$1,189,667.50
Procter & Gamble Co.
PG
742718109
1215.00
0.18%
$185,275.35
Progressive Corporation
PGR
743315103
8484.00
1.79%
$1,858,759.56
Palantir Technologies, Inc. - Class A
PLTR
69608A108
13514.00
2.40%
$2,495,089.82
PNC Financial Services Group Inc
PNC
693475105
2169.00
0.39%
$404,388.36
Insulet Corporation
PODD
45784P101
597.00
0.18%
$191,583.27
Prudential Financial, Inc.
PRU
744320102
6092.00
0.60%
$622,480.56
Public Storage
PSA
74460D109
649.00
0.19%
$196,153.76
Qualcom, Inc.
QCOM
747525103
7465.00
1.21%
$1,261,137.10
Regeneron Pharmaceuticals, Inc.
REGN
75886F107
3372.00
1.87%
$1,948,847.40
Ralph Lauren Corporation
RL
751212101
2586.00
0.83%
$868,042.62
Charles Schwab Corporation
SCHW
808513105
3156.00
0.29%
$297,989.52
Snap-on, Inc.
SNA
833034101
589.00
0.19%
$202,574.77
Simon Property Group, Inc.
SPG
828806109
3039.00
0.52%
$541,215.51
Steel Dynamics, Inc.
STLD
858119100
1336.00
0.20%
$204,341.20
TJX Companies, Inc.
TJX
872540109
1393.00
0.19%
$197,680.63
T-Mobile US, Inc.
TMUS
872590104
3375.00
0.71%
$734,973.75
Targa Resources Corporation
TRGP
87612G101
1235.00
0.18%
$189,905.95
Trane Technologies PLC
TT
G8994E103
470.00
0.19%
$200,158.90
Texas Instruments, Inc.
TXN
882508104
1118.00
0.18%
$189,087.34
Universal Health Services, Inc. - Class B
UHS
913903100
1104.00
0.22%
$232,590.72
Ulta Beauty, Inc.
ULTA
90384S303
379.00
0.19%
$196,193.14
UnitedHealth Group, Inc.
UNH
91324P102
1574.00
0.55%
$570,575.00
Union Pacific Corporation
UNP
907818108
1406.00
0.29%
$304,553.66
U.S. Bancorp
USB
902973304
4086.00
0.19%
$197,190.36
US BANK MMDA GLOBAL FUND SERVICES 5
USBGFS5
8AMMF0A92
336290.87
0.32%
$336,290.87
Visa, Inc. - Class A
V
92826C839
1436.00
0.48%
$498,837.68
Verisk Analytics, Inc.
VRSK
92345Y106
1488.00
0.34%
$349,590.72
Verisign, Inc.
VRSN
92343E102
1584.00
0.38%
$391,374.72
Vertex Pharmaceuticals, Inc.
VRTX
92532F100
532.00
0.22%
$224,179.48
Westinghouse Air Brake Technologies
WAB
929740108
1412.00
0.27%
$279,053.56
Walmart, Inc.
WMT
931142103
1653.00
0.17%
$175,499.01
Exxon Mobil Corporation
XOM
30231G102
5215.00
0.58%
$601,758.85
Yum! Brands, Inc.
YUM
988498101
1336.00
0.18%
$191,528.96
Zoetis, Inc.
ZTS
98978V103
1160.00
0.16%
$169,290.40

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 U.S. Large Cap Core ETF's prospectus. Read the prospectus carefully before investing.
Diversification does not eliminate the risk of experiencing investment loss.
Investing involves risk, including possible loss of principal. The Fund is a newly organized, diversified management investment company with no operating history. The goal of the Proxy Portfolio is, during all market conditions, to track closely the daily performance of the Actual Portfolio and minimize intra-day misalignment between the performance of the Proxy Portfolio and the performance of the Actual Portfolio. The Proxy Portfolio is designed to reflect the economic exposures and the risk characteristics of the Actual Portfolio on any given trading day. Securities traded on over-the-counter (“OTC”) markets are not listed and traded on an organized exchange such as the New York Stock Exchange (“NYSE”). Generally, the volume of trading in an unlisted or OTC common stock is less than the volume of trading in an exchange-listed stock. As a result, the market liquidity of some stocks in which the Fund invests may not be as great as that of exchange-listed stocks and, if the Fund were to dispose of such stocks, the Fund may have to offer the shares at a discount from recent prices or sell the shares in small lots over an extended period of time. In addition, penny stocks and pink sheet stocks can be classified as OTC stocks. 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.
ESG investing risk is the risk stemming from the ESG factors that some Underlying Funds may apply in selecting securities. Some Underlying Funds may screen out particular companies that do not meet their ESG criteria. This may affect the Underlying Funds' and the Fund's exposure to certain companies or industries and cause the Underlying Funds to forego certain investment opportunities. The Underlying Funds' results may be lower than other funds that do not use ESG ratings and/or screen out certain companies or industries. Certain Underlying Funds may screen out companies that they believe may have higher downside risk and lower ESG ratings, but investors may differ in their views of ESG characteristics. As a result, the Underlying Funds may invest in companies that do not reflect the beliefs and values of any particular investor.
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