THLV Low Volatility ETF
Investment Objective
The Fund seeks to provide investment results that generally correspond, before fees and expenses, to the performance of the THOR U.S. Sector Low Volatility Index (the “Index”).
Investment Strategy
The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities included in the Index. The rules-based index is comprised of U.S. equity exchange traded funds (“ETFs”). The primary goal of the Index is to gain exposure to U.S. large cap equities while attempting to lower volatility by avoiding sectors that are currently in a down trending cycle.
The Index measures the price trends and historic volatility of ten U.S. sector ETFs (the “Select List”) over the medium term. The Select List includes sector ETFs in the Materials, Energy, Financial, Industrial, Technology, Healthcare, Utilities, Consumer Discretionary, Real Estate, and Consumer Staples sectors. The Index uses data science weekly to evaluate the Select List to determine whether the security is currently a buy, hold or sell. Only sectors with a risk on signal are included in the Index.
The Index follows a weekly reconstitution and rebalancing schedule. The Index’s periodic rebalance and reconstitution schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. To the extent the Fund invests a significant portion of its assets in a given sector, the Fund will be exposed to the risks associated with that sector.
Daily Performance (as of )
NAV
Net Asset Value
Daily Change
0.64%
Net Expense Ratio
Market Price
Closing Price
Daily Change
0.64%
Gross Expenses
Key Facts
| Inception Date | 9/12/22 |
| Ticker | THLV |
| Primary Exchange | NYSE |
| CUSIP | 885155101 |
| Net Assets (as of ) | |
| Shares Outstanding (as of 05/01/24) | |
| Volume (as of ) | |
| Premium/Discount | |
| 30-Day Median Bid/Ask Spread |
Monthly Performance (as of )
| MTD | 1-Mo | 3-MO | 6-MO | YTD | Since Inception (9/12/22) | |
|---|---|---|---|---|---|---|
| NAV (%) | - | - | - | - | - | - |
| Market Price (%) | - | - | - | - | - | - |
Quarterly Performance (as of )
| QTD | YTD | 1Y | 3Y | 5Y | Since Inception (9/12/22) | |
|---|---|---|---|---|---|---|
| NAV (%) | - | - | - | - | - | - |
| Market Price (%) | - | - | - | - | - | - |
NAV Return represents the closing price of underlying securities.
Market Price Return is calculated using the price which investors buy and sell ETF shares in the market. The market returns in the table are based upon the midpoint of the bid/ask spread at 4:00 pm EST, and do not represent the returns you would have received if you traded shares at other times.
The performance data quoted 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 800-974-6964.
Historical Premium/Discount Data
| Days at premium |
| Days at NAV |
| Days at discount |
The Premium/Discount shows the difference between the daily market price of the Fund's shares and the Fund's net asset value ("NAV"). 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.
Top 10 Holdings (as of )
| Name | Ticker | Cusip | Shares | Market Value | % of Portfolio |
|---|
Fund holdings are subject to change and are not recommendations to buy or sell any security. Current and future portfolio holdings are subject to risk.
Investors should consider the investment objectives, risks and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund and should be read carefully before investing. The prospectus may be obtained at 800-974-6964
Risk Considerations: The fund is newly formed and has no operating history. ETF's are subject to specific risks, depending on the nature of the underlying strategy of the fund. These risks could include liquidity risk, sector risk, as well as risk of loss to the extent that the Fund's investments are concentrated in the securities of a particular issuer or issuers, country, group of countries, region, market, industry, group of industries, sector or asset class. While the shares of ETF's are tradeable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF's net asset value Brokerage commissions and ETF expenses will reduce returns. There is no guarantee the fund will achieve its objective.
Glossary
30 Day Bid/Ask - The median bid-ask spread (expressed as a percentage rounded to the nearest hundredth) 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 each such bid and offer by the midpoint of the NBBO. The median of those values is identified.
PINE Distributors LLC, Member FINRA is the distributor for the THOR Funds. Learn more about PINE Distributors LLC at FINRA's BrokerCheck
THOR Financial Technologies, LLC is the investment adviser to the THOR Funds and is not affiliated with PINE Distributors LLC.