Objective


The Fund seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the QuantX Dynamic Beta US Equity Index.

 

Key Features


Absolute Return

Asymmetric Return Profile

Smarter Risk Exposure

Smarter Risk Exposure

Dynamic Factor Exposure

Dynamic Factor Exposure

 

Description


Dynamic Beta US Equity is designed to attempt to create smarter risk exposure relative to FTSE/Russell 1000 Index benchmark. Security selection and portfolio beta are optimized in an attempt to maximize upside/downside capture. This is attempted to be accomplished by identifying companies that have more upside (good) volatility versus downside (bad) volatility using option market data. The overall portfolio beta is designed dynamically adjust to changes market volatility in an attempt to optimize risk-adjusted returns.

 

Fund Documents


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TOP HOLDINGS


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*Holdings are subject to change. Holdings and percent of assets are based on security assets only, not including cash or receiveables (unpaid interest and dividends).

1The total annual fund operating expense ratio is .59%.

2SEC Yield and Distribution Rate calculations are based on most recent Ex-Date. Distribution Rate reflects the total distributions over the previous 12 months. SEC Yield and Distribution Rate may include income, dividends, return of capital, or other distributions that are not considered short-term or long-term capital gains. Return of capital is considered a return of the investment principal and is not derived from net profits.

3Bid/Ask Midpoint as of market close.

Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost.

QUANTX Funds are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET when NAV is normally determined for most QUANTX Funds, and do not represent the returns you would receive if you traded shares at other times.

Prospectus Offering

Investors should carefully consider the investment objective, risks, charges and expenses of the QUANTX Dynamic Beta US Equity ETF Fund. This and other information is contained in the prospectus and should be read carefully before investing. For a prospectus please call 866-270-0300. The Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Northern Lights Distributors, LLC and Blue Sky Asset Management, LLC are not affiliated.

A substantial portion of a portfolio is held in cash or cash equivalents, there is the risk that the value of the cash account, including interest, will not keep pace with inflation, thus reducing purchasing power over time. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Since the Fund’s investments may include foreign securities, the Fund is subject to risks beyond those associated with investing in domestic securities. The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies.

The funds involve risk, including possible loss of principal. There is no guarantee the fund will meet its objective. Diversification does not ensure profit or protect against loss.

A substantial portion of a portfolio is held in cash or cash equivalents, there is the risk that the value of the cash account, including interest, will not keep pace with inflation, thus reducing purchasing power over time. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Since the Fund’s investments may include foreign securities, the Fund is subject to risks beyond those associated with investing in domestic securities. Credit risk is the risk that the issuer of a security and other instrument will not be able to make principal and interest payments when due. Lower-quality bonds, known as "high yield" or "junk" bonds, present greater risk than bonds of higher quality, including an increased risk of default.

Definitions


Beta is a measure of the volatility, or systematic risk of a security or a portfolio in comparison to the market as a whole.

The FTSE/Russell 1000® Index measures the performance of the 1,000 largest companies in the Russell 3000 Index, which is made up of 3,000 of the largest U.S. stocks.

A statistical measure of an investment manager's overall performance in down-markets. The down-market capture ratio is used to evaluate how well or poorly an investment manager performed relative to an index during periods when that index has dropped.

A statistical measure of an investment manager's overall performance in up-markets. The up-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has risen.