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Investments

Focus Equity ETF

Overview

Inception Date

08.26.2020

Type

Active Equity ETF

CUSIP

66538H385

Primary Exchange

NYSE Arca

Ticker Benchmark Expense Ratio NAV Closing Market Price Premium/Discount Median Bid/Ask Spread Fact Sheet
LCG Russell 1000® Growth 0.59% $27.60 $27.62 $0.02 0.0018% PDF

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 888-637-7798. Total annual fund operating expenses are 0.59%. Please review the fund’s prospectus for more information regarding the fund’s fees and expenses. Beginning November 2, 2020, market price returns are calculated using the closing price and account for distributions from the funds. Prior to November 2, 2020, market price returns were calculated using the midpoint price and accounted for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds).

Investment Objective

Seeks long-term capital appreciation. The fund seeks positions featuring attractive and sustainable multi-year return profiles.

Philosophy

Seeks positions featuring attractive and sustainable multi-year return profiles underpinned by businesses perceived to possess:

  • Robust financial returns and visible reinvestment opportunities
  • Talented management
  • Exposure to the four pillars: operating growth, strong balance sheets, high profitability, and attractive valuations

Focus Equity ETF

Management

View professional designations disclosures

Photo of Colin  Ducharme

Colin Ducharme, CFA®

Portfolio Manager

Performance

Performance as of 05.23.2024

Term 1 Day 1 Mo. 3 Mo. 6 Mo. 1 Yr. QTD YTD Since Inception
NAV -1.25% -3.50% -8.46% 7.06% 17.20% -9.69% -2.89% 2.68%
Closing Market Price -1.18% -3.33% -8.45% 6.97% 17.23% -9.71% -3.02% 2.70%

Quarter-End Performance as of 03.31.2024

Term 1 Mo. QTR 1 Yr. Since Inception
NAV 0.56% 7.53% 33.92% 5.75%
Closing Market Price 0.59% 7.41% 34.23% 5.77%

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 888-637-7798. Total annual fund operating expenses are 0.59%. Please review the fund’s prospectus for more information regarding the fund’s fees and expenses. Beginning November 2, 2020, market price returns are calculated using the closing price and account for distributions from the funds. Prior to November 2, 2020, market price returns were calculated using the midpoint price and accounted for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds).

Historical Premium/Discount

Term Cal. Yr. 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024
Days at premium 80 25 16 37 22
Days at discount 103 19 35 13 12

The Premium/Discount shows the difference between the daily market price of the Fund’s shares and the Fund’s net asset value (“NAV”). Beginning November 2, 2020, market price data will be reflecting the official closing price. Prior to November 2, 2020, market price data is shown as the midpoint price. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). The table shows the premium or discount of the Mid-Point price as a percentage of the NAV as well as the number of trading days the Fund traded within the given premium/discount range. This data is provided for information purposes only and is not intended for trading purposes. Past performance does not guarantee future results.

Portfolio Holdings as of 05.23.2024

Download
Ticker CUSIP Description Quantity Portfolio Weight
ADYEY 00783V104 ADYEN NV-UNSPON 773,915 14.92%
SPGI 78409V104 S&P GLOBAL INC 12,517 8.24%
CSGP 22160N109 COSTAR GROUP INC 60,845 7.87%
IDXX 45168D104 IDEXX LABS 8,284 6.45%
SHOP 82509L107 SHOPIFY INC - A 63,198 5.50%
GOOG 02079K107 ALPHABET INC-C 18,551 4.90%
OKTA 679295105 OKTA INC 31,957 4.76%
VEEV 922475108 VEEVA SYSTEMS-A 14,818 4.58%
MSCI 55354G100 MSCI INC 5,932 4.39%
AMZN 023135106 AMAZON.COM INC 16,008 4.37%
NOW 81762P102 SERVICENOW INC 3,684 4.22%
MDB 60937P106 MONGODB INC 7,489 4.01%
HUBS 443573100 HUBSPOT INC 4,343 3.90%
WDAY 98138H101 WORKDAY INC-A 9,767 3.85%
SNPS 871607107 SYNOPSYS INC 4,039 3.57%
MSFT 594918104 MICROSOFT CORP 5,241 3.38%
CDNS 127387108 CADENCE DESIGN 7,476 3.33%
SAIA 78709Y105 SAIA INC 4,864 2.79%
TEAM 049468101 ATLASSIAN CORP-A 9,817 2.58%
ODFL 679580100 OLD DOMINION FRT 9,362 2.42%
USD USD US DOLLARS 27,346 0.04%
RECPAY RECPAY Receivables/Payables -53,656 -0.08%

1Holding data is provided “as of” the date indicated. Holdings are subject to change without notice. Holdings are provided for informational purposes only and should be not be considered a recommendation to buy or sell the securities listed.

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