Objective


The Fund seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the QuantX Risk Managed Multi-Asset Income Index.

 

Key Features


Diversified Income

Diversified Income

Quarterly Distributions

Quarterly Distributions

Risk Management

Risk Management

 

Description


Risk Managed Multi-Asset Class Income is designed to attempt to provide investors exposure to higher yielding asset classes with downside protection. The fund uses a proprietary methodology seeking to select the best performing fixed income and equity ETFs in an attempt to maximize income and capital growth. Portfolio exposure to cash and fixed income instruments is managed in an attempt to provide downside protection during times of market stress.

FUND DETAILS
As of 09/19/2017
Ticker
QXMI
Primary Exchange
BATS
Cusip
66538H724
Inception Date
01/25/2017
Net Assets
$13,004,057.71
Shares Outstanding
500,000
Three Month Average Volume
711
Expense Ratio1
1.12%
IOPV Ticker
QXMI.IV
Related Index Ticker
QXMII
30 - Day SEC Yield1
4.008662
Distribution Rate
0.0743
Premium Discount
$ 0.01



PERFORMANCE HISTORYAs of 09/19/2017
1 DAY 1 MONTH 3 MONTH 6 MONTH 1 YEAR QTD YTD SINCE
INCEPTION4
NAV $26.01 0.04% 1.25% 1.05% 4.79% N/A 2.11% N/A 6.13%
Market Price $26.02 0.17% 0.42% 0.27% 3.90% N/A 1.26% N/A 5.27%
QUARTER END PERFORMANCE HISTORYAs of 06/30/2017
1 DAY 1 MONTH 3 MONTH 6 MONTH 1 YEAR QTD YTD SINCE
INCEPTION4
NAV $25.69 -0.04% 0.48% 2.02% N/A N/A 2.02% N/A 3.93%
Market Price $25.70 -0.06% 0.48% 1.99% N/A N/A 1.99% N/A 3.95%
DISTRIBUTION HISTORY
Ex-Date Record Date Pay Date Short-Term Capital Gains Long-Term Capital Gains Dividend Income Total Distribution
09/15/2017 09/19/2017 09/22/2017 0 0 0.2227 0.2227
06/15/2017 06/19/2017 06/22/2017 0 0 0.0743 0.0743
04/17/2017 04/19/2017 04/24/2017 0 0 0.2167 0.2167
TOP HOLDINGS As of 09/19/2017


DOWNLOAD ALL HOLDINGS (.CSV)

*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 1.12% which includes .33% of Aquired Fund Fees and Expenses

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.

4The Inception date of the QUANTX Risk Managed Multi-Asset Income ETF is 01/25/2017

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.

Investing involves risk, including possible loss of principal. There is no guarantee the fund will meet its objective.

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. The Fund may focus its investments in securities of a particular industry to the extent the Index does. The use of derivative instruments, such as swaps, involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Investing in emerging markets involves not only the risks described below with respect to investing in foreign securities, but also other risks, including exposure to economic structures that are generally less diverse and mature, and to political systems that can be expected to have less stability, than those of developed countries.

Fluctuations in the value of equity securities held by the Fund will cause the net asset value (“NAV”) of the Fund to fluctuate. Fluctuations in the value of equity securities held by the Fund will cause the net asset value (“NAV”) of the Fund to fluctuate. The market prices of Shares will fluctuate in response to changes in NAV and supply and demand for Shares and will include a “bid-ask spread” charged by the exchange specialists, market makers or other participants that trade the particular security. ETFs in which the Fund invests are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund will be higher than the cost of investing directly in the ETFs and may be higher than other mutual funds that invest directly in stocks and bonds.

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 Fund does not utilize an investing strategy that seeks returns in excess of the Index. Therefore, it would not necessarily sell a security unless that security is removed from the Index, even if that security generally is underperforming.

The Fund is a new fund with a limited history of operations for investors to evaluate. As the Fund may not fully replicate the Index, it is subject to the risk that investment management strategy may not produce the intended results. Overall stock market risks may affect the value of the Fund. The Fund is not actively managed and the Adviser will not sell shares of an equity security due to current or projected underperformance of a security, industry or sector, unless that security is removed from the Index or the selling of shares of that security is otherwise required upon a rebalancing of the Index as addressed in the Index methodology. A higher portfolio turnover will result in higher transactional and brokerage costs.

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. Swaps are subject to tracking risk because they may not be perfect substitutes for the instruments they are intended to replace.

Prospectus Offering

Investors should carefully consider the investment objective, risks, charges and expenses of the QUANTX Risk Managed Multi-Asset Income 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.