Tactical Growth and Income ETF

Index Information
Index Information

Investment Strategy

SNUG 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, SNUG is a self-contained, tactical portfolio management system in an ETF wrapper. Each month it evaluates over 400 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.

Merlyn.AI Tactical Growth and Income ETF seeks to track the total return performance, before fees and expenses, of the MAI Tactical Growth and Income 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 eight ETFs, one selected from each of the eight ETF categories: Sectors, Countries, Global/Regions, Dividends, Bonds-1, Bonds-2, Bonds-3, Bonds-4. For each category, the Index identifies the ETF having the highest recent return performance relative to other ETFs in the category (the “Momentum Leader”). The Index’s Bull portfolio will generally reflect a classic conservative portfolio having approximately 30/70 stocks/bonds allocation. In contrast, when the Bull/Bear Indicator signals a “Bear” market, the Index identifies a portfolio of four or more ETFs, each a Momentum Leader, selected from a generally more conservative Bear Universe of ETFs.

Informational Video

DISCLOSURE

The index methodologies are not solely based on AI. The funds are new and may not be appropriate for all investors.

SNUG The Fund tracks the MAI Tactical Growth & Income Index, which seeks to improve performance by using artificial intelligence to identify bull or bear market conditions, it typically employs a 30% equity and 70% bond ETF allocation strategy during bull markets, and automatically allocates 100% to defensive ETF’s during bear markets.

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 up to 25 basis points (0.25%) of its management fee to offset all or a portion of acquired fund fees and expenses. The waiver will remain in effect at least until October 15, 2020. This waiver agreement may be terminated early only by, or with the consent of, the Fund’s Board of Trustees.

SNUG NAV History

SNUG Price History

SNUG AUM History

SNUG AUM History

Completed Calendar Quarters of Current Year

Most Recent Completed Calendar Year

As of Date30-Day Median Bid/Ask Spread
12/03/20200.06

Fund Performance

Monthly End Performance (%)

As of Date
11/30/2020

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.

Quarterly End Performance (%)

As of Date
09/30/2020

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.

Fund Holdings

Effective Date
12/07/2020

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