|Net Assets||$ 202,557,800.03|
|Daily Change||$ 0.01|
|Market Price||$ 23.84|
|Daily Change||$ 0.00|
|Premium Discount||$ 0.010|
|Name||Symbol||Net Asset %||Market Price ($)||Shares Held||Market Value|
|SPDR Bloomberg Barclays Investment Grade Floating||FLRN||21.77 %||30.74||1,434,685||44,102,217|
|iShares Floating Rate Bond ETF||FLOT||21.77 %||50.97||865,237||44,101,130|
|iShares iBoxx High Yield Corporate Bond ETF||HYG||19.86 %||84.94||473,518||40,220,619|
|SPDR Bloomberg Barclays High Yield Bond ETF||JNK||19.68 %||35.38||1,126,489||39,855,181|
|VanEck Vectors High-Yield Municipal Index ETF||HYD||5.78 %||30.47||383,975||11,699,718|
|iShares US Preferred Stock ETF||PFF||5.57 %||36.24||311,288||11,281,077|
|Invesco Fundamental High Yield Corporate Bond ETF||PHB||5.56 %||18.26||617,258||11,271,131|
|US DOLLARS||USD||0.03 %||1||58,878||58,878|
Portfolio holdings are subject to change and should not be considered investment advice.
The FormulaFolios Tactical Income ETF seeks to provide steady income by accentuating the fixed-income asset classes showing the greatest potential for stable long term returns with minimal risk. This Fund uses a proprietary investment model to rank 5 major fixed income asset classes (US treasuries, investment grade US bonds, high-yield US bonds, US aggregate bond, and international government bond) based on the strongest combination of yield spread and price momentum (higher price momentum and lower yield spreads). Following the ranking process, the three highest-ranked asset classes are allocated to the Fund, 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.