SectorSurfer Momentum ETF

Index Information
Index Information

Investment Strategy

DUDE Represents a Paradigm Shift in ETF Design

While most ETFs focus on a specific slice of the market, such as a particular sector, factor, theme, or asset class, DUDE is a self-contained, tactical portfolio management system in an ETF wrapper. Each month it evaluates over 100 US ETFs across broad and divergent markets and selects a portfolio that seeks to provide the five things investors want most:

  • A portfolio of momentum leaders in Bull Markets;
  • A portfolio of defensive leaders in Bear Markets;
  • An expert automatic method for switching between Bull and Bear portfolios;
  • The benefits of tactical trading without abandoning tax-efficiency;
  • Automated execution so they can focus on other more important matters.

The Merlyn.AI SectorSurfer Momentum ETF seeks to track the total return performance, before fees and expenses, of the MAI  SectorSurfer Momentum Index (the “Index”). The Index uses a proprietary Bull/Bear market risk indicator that seeks to determine whether U.S. equity markets appear to be in an advancing market (a “Bull” indicator) or appear to have an elevated risk of market decline (a “Bear” indicator). When the Bull/Bear Indicator signals a “Bull” market, the Index identifies a portfolio of six ETFs, one selected from each of the six ETF categories: four Economic Sectors and two Geopolitical Sectors. For each category, the Index identifies the ETFs having the highest recent return performance relative to other ETFs in the category (the “Momentum Leaders”). The Index’s Bull portfolio will generally reflect a classic aggressive portfolio having approximately 70/30 domestic/foreign equities allocation. In contrast, when the Bull/Bear Indicator signals a “Bear” market, the Index identifies a portfolio of more conservative Bear Universe ETFs.

Fund Overview

Fee Disclosures

  • Other Expenses are estimated for the current fiscal year.
  • Acquired Fund Fees and Expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, and are estimated for the current fiscal year.
  • The Fund’s investment adviser has contractually agreed to waive 40 basis points (0.40%) of its management fee. The waiver will remain in effect until at least December 30, 2021. This waiver agreement may be terminated early only by, or with the consent of, the Fund’s Board of Trustees.

DUDE NAV History

DUDE Price History

DUDE AUM History

Period
12/31/2020

Completed Calendar Quarters of Current Year

Most Recent Completed Calendar Year

As of Date 30-Day Median Bid/Ask Spread

Fund Performance

Monthly End Performance (%)

As of Date
12/31/2020

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

The performance data quoted represents past performance and does not guarantee future results. 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. Current performance may be higher or lower than the performance quoted. Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.

Performance will be shown starting on March 31, 2021.

Quarterly End Performance (%)

As of Date
12/31/2020

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

The performance data quoted represents past performance and does not guarantee future results. 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. Current performance may be higher or lower than the performance quoted. Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.

Short term performance, in particular, is not a good indication of the ETF’s future performance and an investment should not be made based solely on returns.

Performance will be shown starting on March 31, 2021.

Fund Holdings

Effective Date
01/22/2021

Fund holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.

Fund Distributions

Fund Documentation