TTAC

FUND INVESTMENT OBJECTIVE

The TrimTabs Float Shrink ETF (TTAC) focuses on generating long-term returns that exceed those of the Russell 3000 index. Through quantitative analysis and an active management process focused on selecting companies that are both generating free cash flow and reducing their share count, TTAC identifies the 100 companies listed on the Russell 3000 index that best fulfill its investment criteria.

Where does TTAC fit into a portfolio?

Using a quantitative and disciplined approach, TTAC seeks to add value beyond the popular stock market averages. Because we target a similar level of volatility, TTAC can be used as a core equity holding.

Why invest in TTAC?

-For access to quality companies with high free cash flow—healthy balance sheets and cash on hand to grow their businesses

-To get a bigger piece of that “higher quality pie”: companies executing share buybacks or "float shrink" with free cash flow can deliver more value to shareholders

-To potentially outperform the broad market: as an actively managed fund, TTAC offers investors the potential to achieve “alpha,” that is, to outperform its broad benchmark

FUND INFO

EXCHANGE:BATS
TICKER:TTAC
CUSIP:89628W302
INCEPTION DATE:September 28, 2016
IOPV SYMBOL:TTAC.IV
NAV SYMBOL:TTAC.NV

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every fifteen seconds throughout the trading day.

FUND Data & Pricing

NET ASSETS AS OF 04/21/2017 $12,723,148.22
SHARES OUTSTANDING 450,000
CLOSING PRICE $28.33
NAV $28.27
PREMIUM/DISCOUNT PERCENTAGE 0.20%
GROSS/NET EXPENSE RATIO 0.59%
30-DAY SEC YIELD AS OF 3/31/17** 0.80%

PERFORMANCE TABLE

QUARTER END PERFORMANCE (As of 03/31/2017 )
  Quarter 1 Yr 2 Yr Since Inception
9/27 - 3/31/2017
Fund Performance        
Market Price 5.62% N/A N/A 14.54%
NAV 5.96% N/A N/A 14.39%
Russell 3000TR Index 5.74% 18.07% 8.47% 10.66%

Expense Ratio: 0.59%.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will uctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (toll free 800-617-0004).

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. 

DISTRIBUTION DETAIL

EX- Date Record Date Payable Date Amount
12/28/201612/30/201601/03/2017$0.05201334

TOP 10 HOLDINGS

Ticker CUSIP Security Description Shares Market Value % of Net Assets
CGNX 192422103 COGNEX CORP 2162 178451.48 1.40
NVDA 67066G104 NVIDIA CORP 1692 172042.56 1.35
LUV 844741108 SOUTHWEST AIRLS CO 2987 166166.81 1.31
PLCE 168905107 CHILDRENS PLACE INC/THE 1421 159365.15 1.25
WNC 929566107 WABASH NATL CORP 7919 156162.68 1.23
TER 880770102 TERADYNE INC 4790 155387.60 1.22
MAR 571903202 MARRIOTT INTL INC NEW 1654 152945.38 1.20
UAL 910047109 UNITED CONTL HLDGS INC 2196 152753.76 1.20
WYN 98310W108 WYNDHAM WORLDWIDE CORP 1692 151806.24 1.19
SWKS 83088M102 SKYWORKS SOLUTIONS INC 1493 151688.80 1.19

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Holdings are subject to change.

*Distribution Yield is the annual yield an investor would receive if the most recent distribution remained the same going forward. The yield represents a single distribution from the fund and does not represent total return to the fund. The distribution yield is calculated by annualizing the most recent distribution and dividing it by the most recent NAV.

**The 30-Day SEC Yield is computed under an SEC standardized formula based on net income earned over the past 30 days.

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund’s website at www.trimtabsfunds.com/etf. Please read the prospectus carefully before you invest. Quasar Distributors, LLC, is the distributor for TTAC. 

There is no guarantee that TTAC will achieve its investment objective. Investing involves risk, including the possible loss of principal. 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 Fund. Brokerage commissions will reduce returns. Investments in the fund include risks associated with small-and mid-cap securities which involve limited liquidity and greater volatility than large-cap securities.

The Russell 3000® Index measures the performance of the 3,000 largest publicly traded U.S. companies, based on market capitalization. The Index measures the performance of approximately 98% of the total market capitalization of the publicly traded U.S. equity market. It is not possible to invest directly in an index.