THLV
THOR Equal Weight Low Volatility ETF
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.
Key Fund Facts
As of: 01/23/2025
Daily Performance
As of: 01/23/2025
Net Asset Value
Market Price
Performance
Monthly Performance
As of: 12/31/2024
Quarterly Performance
As of: 12/31/2024
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.
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.
Historical Premium/Discount
| 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 | 2025Q1 | |
|---|---|---|---|---|---|---|---|---|---|
| Days at Premium | 18 | 6 | 12 | 11 | 15 | 33 | 20 | 41 | 8 |
| Days at NAV | 13 | 12 | 13 | 14 | 12 | 11 | 8 | 11 | 1 |
| Days at Discount | 31 | 44 | 38 | 38 | 34 | 19 | 36 | 12 | 5 |
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: 01/23/2025
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.
Fund Documents
An investor should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The prospectus and, if available, the summary prospectus contain this and other information about the Fund. You may obtain a prospectus and, if available, a summary prospectus by downloading the prospectus or calling 800-974-6964. Please read the prospectus or summary prospectus carefully before investing.
All investments are subject to risks, including the possible loss of principal. There is no assurance that the objectives of any strategy or fund will be achieved or will be successful.
The Fund may invest a significant portion of its assets in one or more sectors when attempting to track the Index and thus will be more susceptible to the risks affecting those sectors. The risk that if the Fund’s strategy for allocating assets among different assets classes does not work as intended, the Fund may not achieve its objective or may underperform other funds with the same or similar investment strategy.
The Fund’s return may not match or achieve a high degree of correlation with the return of the Index.
The Fund may invest in large capitalization companies. The securities of such companies may underperform other segments of the market because such companies may be less responsive to competitive challenges and opportunities and may be unable to attain high growth rates during periods of economic expansion.
Underlying Funds in which the Fund invests are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund is higher than the cost of investing directly in the Underlying Funds and may be higher than other funds that invest directly in stocks and bonds. Through its investments in Underlying Funds, the Fund is subject to the risks associated with the Underlying Funds’ investments. The U.S. money market funds in which the Fund invests seek to maintain a stable NAV, but money market funds are subject to credit, market and other risks, and are not guaranteed.
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, and are not individually redeemable directly with the ETF. Brokerage commissions and ETF expenses will reduce returns. ETF’s are subject to specific risks, depending on the nature of the underlying strategy of the fund. These risks could include authorized participant risk, ETF structure risk, fluctuation of NAV risk, index calculation agent risk, models and data risk, passive investment risk, portfolio turnover risk, securities market risk, and smaller fund risk. For a complete description of the Fund’s principal investment risks, please refer to the prospectus.
Indexes are unmanaged, do not incur management fees, costs, and expenses, and cannot be invested in directly.
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 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.