Senior Secured Credit Opportunities ETF
About the Fund
Senior Secured Credit Opportunities (“SECD”) seeks to preserve capital and generate consistent income through a disciplined, fundamental and active investment process. The Fund is an actively-managed ETF that seeks to achieve its investment objective by investing at least 80% of its assets in a diversified portfolio of senior secured floating-rate bank loans and high yield senior secured bonds.
SECD’s portfolio will be comprised of approximately 50-100 individual instruments, with a target allocation of one to two percent of the Fund’s portfolio to any specific company. SECD will generally invest at least 90% of its assets in companies domiciled in the United States and Canada while the Fund’s securities will be exclusively U.S. dollar-denominated. The fund will not target a specific duration or maturity for its portfolio and investments are typically held to a refinancing or maturity.
|New column||New column||wdt_ID|
|30-Day SEC Yield||6.21||05/31/2023|
|30-Day SEC Yield||6.21||05/31/2023|
* The 30-Day Yield represents net investment income earned by the Fund over the 30-Day period ended on the date indicated by the Yield, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period. The 30-Day unsubsidized SEC Yield does not reflect any fee waivers/reimbursements/limits in effect.
Fund Data & Pricing
|Median 30 Day Spread||0.35%|
|Fund Name||Fund Ticker||1 Month||3 Month||6 Month||YTD||1 Year||3 Year||5 Year||Since Inception Cumulative||Since Inception Annualized||Date|
|Senior Secured Credit Opportunities ETF||SECD NAV||0.78||1.18||–||2.1||–||–||–||1.97||–||05/31/2023|
|Senior Secured Credit Opportunities ETF||SECD MKT||1.18||1.37||–||2.18||–||–||–||2.22||–||05/31/2023|
|Bloomberg Global Aggregate||-1.95||1.59||1.99||1.44||–||–||–||0.28||05/31/2023|
The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (833)-555-0123.
Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on historical returns. Returns beyond 1 year are annualized.
A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.
Holdings are subject to change without notice.
|Security Name||Date||Account||StockTicker||CUSIP||Shares||Price||Market Value||Weightings||NetAssets||SharesOutstanding||CreationUnits||MoneyMarketFlag|
|ADTALEM ESCROW CORPORATION 5.5% 03/01/2028||06/05/2023||SECD||00737WAA7||00737WAA7||25,000.00||93.36||23,340.38||4.69%||497,990||25,000||1|
|BLUELINX HLDGS INC 6% 11/15/2029||06/05/2023||SECD||09624HAA7||09624HAA7||25,000.00||85.63||21,408.38||4.30%||497,990||25,000||1|
|LSB INDS INC 6.25% 10/15/2028||06/05/2023||SECD||502160AN4||502160AN4||25,000.00||90.35||22,587.64||4.54%||497,990||25,000||1|
|STRATHCONA RESOURCES LIMITED SR 144A NT 26 6.875% 08/01/2026||06/05/2023||SECD||86304TAA6||86304TAA6||25,000.00||84.29||21,071.25||4.23%||497,990||25,000||1|
|TITAN INTL INC ILL 7% 04/30/2028||06/05/2023||SECD||88830MAM4||88830MAM4||25,000.00||91.09||22,771.88||4.57%||497,990||25,000||1|
|TURNING PT BRANDS INC 5.625% 02/15/2026||06/05/2023||SECD||90041LAF2||90041LAF2||25,000.00||92.03||23,008.69||4.62%||497,990||25,000||1|
|UNISYS CORP 6.875% 11/01/2027||06/05/2023||SECD||909214BV9||909214BV9||25,000.00||75.12||18,779.25||3.77%||497,990||25,000||1|
|VAREX IMAGING CORP 7.875% 10/15/2027||06/05/2023||SECD||92214XAC0||92214XAC0||50,000.00||99.78||49,887.64||10.02%||497,990||25,000||1|
|VECTOR GROUP LTD 5.75% 02/01/2029||06/05/2023||SECD||92240MBL1||92240MBL1||25,000.00||87.96||21,990.14||4.42%||497,990||25,000||1|
|WARRIOR MET COAL INC 7.875% 12/01/2028||06/05/2023||SECD||93627CAB7||93627CAB7||25,000.00||100.60||25,150.86||5.05%||497,990||25,000||1|
|WINNEBAGO INDS INC 6.25% 07/15/2028||06/05/2023||SECD||974637AC4||974637AC4||25,000.00||96.98||24,244.75||4.87%||497,990||25,000||1|
|Cash & Other||06/05/2023||SECD||Cash&Other||Cash&Other||223,821.54||1.00||223,821.54||44.94%||497,990||25,000||1||Y|
|EX Date||declared_date||Record Date||Payable Date||Amount||dividend_frequency||dividend_type|
The Fund (SECD) is available through various channels including via phone (833) 794-0140, broker-dealers, investment advisers, and other financial services firms, including:
This Fund is not affiliated with these financial service firms. Their listing should not be viewed as a recommendation or endorsement.