Investment Strategy
The THOR AdaptiveRisk Dynamic ETF (“THMR”) is an actively managed fund that employs a rules-based, multi-strategy investment framework designed to adapt to changing market conditions while prioritizing risk management. The Fund does not seek to replicate the performance of any index.
THMR follows a risk-first investment philosophy based on the premise that effective downside risk management is more critical to long-term capital appreciation than return forecasting. THMR aims to reduce the magnitude and length of drawdowns, thereby seeking to enhance long-term compounded returns through consistent portfolio behavior instead of fixed market exposure.
The Fund’s investment approach is implemented by the Sub-Adviser, Ai Alpha LLC, which allocates assets across a diversified set of investment strategies spanning equities, fixed income, commodities (including gold), and alternative assets. Portfolio construction begins with predefined risk constraints, and allocations are adjusted to attempt to keep overall portfolio risk within those limits across varying market environments.
Rather than maintaining static allocations or remaining fully invested at all times, the Fund continuously evaluates market conditions and portfolio risk. In favorable environments, the Fund seeks to participate in growth opportunities; during periods of heightened uncertainty or sustained market stress, it has the flexibility to allocate a significant portion of assets to cash, cash equivalents, or defensive instruments in an effort to preserve capital.
Academic Foundation and Research Collaboration
The Fund’s allocation framework is informed by academic research developed in collaboration with Professor Kumar Muthuraman of The University of Texas at Austin, whose work focuses on data-driven optimization, dynamic asset allocation, stochastic control and risk-aware portfolio construction.
The quantitative framework used for THMR utilizes data-driven optimization and dynamic asset allocation to systematically respond to market uncertainty without relying on discretionary judgment. This academic foundation is translated into a systematic portfolio management process designed to respond to evolving market conditions without relying on discretionary judgment or market predictions.
Competitive Strategy Allocation
The Fund employs a competitive allocation process in which multiple diversified investment strategies are evaluated relative to one another based on risk-adjusted performance. Strategies demonstrating stronger performance characteristics may receive increased allocations, while strategies exhibiting deteriorating performance or elevated risk may be reduced or removed.
This process is designed to allow capital to migrate toward strategies that are better aligned with prevailing market conditions while limiting prolonged exposure to underperforming strategies.
Adaptive Rebalancing and Risk Management
The Fund’s allocations are reviewed and adjusted on a pre-scheduled and recurring basis. Rebalancing decisions are driven by changes in market conditions, relative strategy performance, and portfolio risk characteristics. This adaptive approach is intended to help the Fund remain resilient across market cycles by emphasizing capital preservation during adverse conditions and participation during periods of opportunity
Key Facts
As of:
| Inception Date | 4/09/26 |
| Ticker | THMR |
| Primary Exchange | NYSE |
| CUSIP | 885155309 |
| Net Assets (as of ) | TBD |
| Shares Outstanding (as of 05/01/24) | TBD |
| Volume (as of ) | TBD |
| Premium/Discount | TBD |
| 30-Day Median Bid/Ask Spread | TBD |
| Net Expense Ratio | 0.85% |
| Gross Expenses | 0.85% |
Daily Performance
As of:
Daily Performance
| Net Asset Value | TBD |
| Daily Change | TBD |
Market Price
| Closing Price | TBD |
| Daily Change | TBD |
Performance
Monthly Performance
As of:
| MTD | 1-Mo | 3-MO | 6-MO | YTD | Since Inception (4/09/26) | |
|---|---|---|---|---|---|---|
| NAV | - | - | - | - | - | - |
| Market Price | - | - | - | - | - | - |
Quarterly Performance
As of:
| QTD | YTD | 1Y | 3Y | 5Y | Since Inception (4/09/26) | |
|---|---|---|---|---|---|---|
| NAV | - | - | - | - | - | - |
| Market Price | - | - | - | - | - | - |
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 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.
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.
Risk Considerations:
There is no guarantee the Funds will achieve their objectives.
An investment in the Fund involves risks, including possible loss of principal. Exchange-traded funds (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 (NAV), and are not individually redeemable directly with the ETF. Brokerage commissions and ETF expenses will reduce returns. ETFs are subject to specific risks, depending on the nature of the underlying strategy of the Fund, which should be considered carefully when making investment decisions. For a complete description of the Fund's principal investment risks, please refer to the prospectus.
The information provided on this website is for informational purposes only and investors should determine for themselves whether a particular service or product is suitable for their investment needs. Please refer to the disclosure and offering documents for further information concerning specific products or services.
Investments in securities entail risk and are not suitable for all investors. This site is not a recommendation nor an offer to sell (or solicitation of an offer to buy) securities in the United States or in any other jurisdiction.
The Fund is newly formed and has no operating history for investors to evaluate. 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.
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.