|NAV Daily Change||$ -0.21|
|Market Price||$ 23.83|
|Market Price Daily Change||$ -0.18|
|Premium Discount||$ -0.04|
|30 Day Median Bid/Ask Spread*||0.28%|
|Name||Symbol||Net Asset %||Market Price ($)||Shares Held||Market Value|
|US DOLLARS||USD||0.73 %||1||205,086||205,086|
|ISHARES GOLD TRU||IAU||8.07 %||31.18||72,637||2,264,822|
|SPDR PORT SHRT TRM TRSRY||SPTS||8.65 %||28.91||83,954||2,427,110|
|VANGUARD REAL ESTATE ETF||VNQ||15.84 %||83.44||53,231||4,441,595|
|ISHARES 1-3 YEAR TREASURY||SHY||16.86 %||81.22||58,226||4,729,116|
|SPDR GOLD SHARES||GLD||16.35 %||153.01||29,968||4,585,404|
|SPDR BLOOMBERG 1||BIL||17.08 %||91.56||52,330||4,791,335|
|ISHARES US REAL ESTATE ET||IYR||16.38 %||85.8||53,557||4,595,191|
Portfolio holdings are subject to change and should not be considered investment advice.
* The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between ach such bid nd offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
The FormulaFolios Tactical Growth ETF seeks to achieve steady long-term total returns by accentuating the asset classes showing the greatest potential for long term returns with minimal risk. This Fund uses a proprietary investment model to rank 5 major asset classes (US stocks, international stocks, US real estate investment trusts (REITs), commodities (gold), and US aggregate bond) based on the strongest blend of price momentum, which measures the rate of the rise or fall in stock prices. Following the ranking process, the three highest-ranked asset classes are allocated to the Fund in approximately equal weights, while the two lowest ranked asset classes are left out of the Fund. When few (2 or fewer) or none of the asset classes meet the model’s price momentum criteria, the Fund may invest heavily in short-term treasury bonds until more asset classes become favorable for investing.