Strive Total Return Bond ETF

Fund objective
The Strive Total Return Bond ETF (STXT) seeks to maximize total return.

Fund description
STXT offers actively managed core fixed income exposure benchmarked to the Bloomberg US Aggregate Bond Index with a tactical allocation to structured credit and high-yield corporates. Strive aims to unlock value through an unwavering commitment to shareholder capitalism with sector allocation and security selection solely based on credit risk and asset price. We do not consider non-pecuniary factors in investment analysis decisions.

Fund Data & Pricing
Net Assets as of 06/18/2024 $96.76m
NAV $20.16
Shares Outstanding 4,800,000
Premium/discount Percentage 0.11%
Closing Price $20.18
Median 30 Day Spread 0.10%

Data as of 06/18/2024

Median 30 Day Spread is a calculation of Fund's median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund's national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

The Fund expects to declare and to distribute its net investment income, if any, to shareholders as dividends on a monthly basis. The amount of any distribution will vary, and there is no guarantee a Fund will pay either an income dividend or a capital gains distribution

Fund Information
Inception Date 08/10/2023
Primary Exchange NYSE
Ticker STXT
CUSIP 02072L 458
Expense Ratio 0.49%
SEC 30 Day Yield* 5.24%
Yield to Worst 5.89%
Effective Duration 6.35

* As of 5/31/2024

Yield to Worst is a measure of the lowest possible yield that can be received on a bond that fully operates within the terms of its contract without defaulting.

30 Day SEC Yield The yield is calculated with a standardized formula and represents net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's share price. The yield includes the effect of any fee waivers and/or reimbursements. Without waivers, yields would be reduced. This is also referred to as the "standardized yield", “30-Day Yield” and “Current Yield”. 

Effective Duration Measures a portfolio’s sensitivity to changes in interest rates. Generally, the longer the effective duration, the greater the price change relative to interest rate movements.

Performance Quarter end returns as of 03/31/2024
  AVG. Annualized  
Quarter 1 Year 3 Year Since Inception
Fund NAV -0.19% - - 3.83%
Market Price -0.34% - - 3.99%
Benchmark Index -0.78% - - 3.05%

Expense ratio: 0.49%

Inception Date:  08/10/2023

The performance data quoted 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. Performance current to the most recent month-end can be obtained by calling 855-427-7360. 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 returns.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Distribution Detail
EX- Date Record Date Income Payable Date
05/30/2024 05/30/2024 0.09822082 05/31/2024
04/26/2024 04/29/2024 0.08376978 04/30/2024
03/26/2024 03/27/2024 0.07811194 03/28/2024
02/27/2024 02/28/2024 0.08411781 02/29/2024
01/29/2024 01/30/2024 0.06938844 01/31/2024
12/20/2023 12/21/2023 0.10070577 12/22/2023
11/28/2023 11/29/2023 0.08350470 11/30/2023
10/27/2023 10/30/2023 0.08778876 10/31/2023
09/27/2023 09/28/2023 0.10097113 09/29/2023
% Of Net Assets Name Ticker CUSIP Shares Held Market Value
23.70% US 10YR NOTE (CBT)Sep24 TYU4 Comdty TYU4 COMDTY 207 22,934,953.13
14.60% US 5YR NOTE (CBT) Sep24 FVU4 Comdty FVU4 COMDTY 132 14,126,062.50
2.45% Freddie Mac Pool 6% 12/01/2053 3132DWJ53 3132DWJ53 2,355,247 2,373,815.41
2.36% US LONG BOND(CBT) Sep24 USU4 Comdty USU4 COMDTY 19 2,288,312.50
2.28% Ginnie Mae II Pool 5% 07/20/2053 36179YAR5 36179YAR5 2,246,686 2,203,493.89
2.23% First American Government Obligations Fund 12/01/2 FGXXX 31846V336 2,154,316 2,154,315.90
2.19% Ginnie Mae II Pool 5.5% 09/20/2053 36179YFL3 36179YFL3 2,129,985 2,122,649.24
1.97% Ginnie Mae II Pool 5% 08/20/2053 36179YDJ0 36179YDJ0 1,941,825 1,904,493.38
1.92% Freddie Mac Pool 4% 10/01/2052 3132DWE58 3132DWE58 2,009,958 1,861,868.49
1.90% United States Treasury Note/Bond 4.125% 10/31/2027 91282CFU0 91282CFU0 1,850,000 1,834,679.69

Data as of 06/20/2024. Holdings are subject to change.