Overview
An actively managed exchange traded fund seeking long-term capital appreciation through a concentrated growth portfolio of predominantly U.S companies having market capitalizations greater than $4 billion at time of purchase. The investment team seeks to invest in businesses possessing a superior franchise, potentially making them more immune to disruption, and possibly allowing them to generate sustainable growth, high profitability, and abundant free cash flow.
Key Factor Drivers:
In our opinion, profitability, industry structure, and free cash flow production are more important than the rate of revenue growth as drivers of excess performance over most medium and longer-term time investment horizons.
Disruption Avoidance:
Disruption is a permanent risk to incumbency; however, we believe overconfidence biases exist in growth stocks as the ability to predict the indisputable winner in a new industry is typically low at an early stage in a company’s life.
Valuation Risk Evaluation:
Growth company stock prices are often structurally overvalued for the cash flows they eventually generate, and their premiums over other stocks are often distorted by investor behavior, potentially amplifying risk.
As of TBD
Key Facts
| Investment Objective | The CastleArk Large Growth ETF (the "Fund") seeks long-term capital appreciation. |
| Inception Date | 12/6/2023 |
| Benchmark | Russell 1000 Growth Index |
| Net Assets | TBD As of TBD |
| Shares Outstanding | As of TBD |
| 30-day median bid/ask spread | TBD As of TBD |
| Number of Holdings | TBD As of TBD |
| Distribution Frequency | Annual |
Fees
| Gross Expense Ratio | 0.54% |
Trading Information
| Ticker | CARK |
| CUSIP | 00791R608 |
| ISIN | US00791R6080 |
| Exchange | NYSE |
Trading
As of TBD
Daily Market Prices
NET ASSET VALUE (NAV)
| NAV | #.## |
| Daily Change ($) | #.## |
| Daily Change (%) | #.##% |
MARKET PRICE
| Market Price | #.## |
| Daily Change ($) | #.## |
| Daily Change (%) | #.##% |
Premium Discount
As of TBD
TBD%
Days > +/- 0.5% of NAV
Percent > +/- 0.5% of NAV
NAV
Discount
Greatest Premium
Greatest Discount
Performance
As ofMONTH-END
as ofQUARTER-END
as of| 1-Month | YTD | 1-Year | 3-Year | 5-Year | 10-Year | Inception | |
|---|---|---|---|---|---|---|---|
| CastleArk NAV | - | - | - | - | - | - | - |
| CastleArk MKT | - | - | - | - | - | - | - |
| Index | - | - | - | - | - | - | - |
| 1-Month | YTD | 1-Year | 3-Year | 5-Year | 10-Year | Inception | |
|---|---|---|---|---|---|---|---|
| CastleArk NAV | - | - | - | - | - | - | - |
| CastleArk MKT | - | - | - | - | - | - | - |
| Index | - | - | - | - | - | - | - |
Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of less than one year are not annualized.
The market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. The first trading date is typically after the fund inception date. Therefore, NAV is used to calculate market returns prior to the first trade date because there is no bid/ask spread until the fund starts trading.
30-Day SEC
Unsubsidized Yield
TBD %
As of TBD
12 Month Distribution Rate
TBD%
As of TBD
30-Day SEC Unsubsidized Yield: 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 at the end of the 30-day period. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect.
12 Month Distribution Rate: The sum of a fund's total trailing 12-month interest and dividend payments divided by the most recent day's ending share price (NAV).
Frequency
Quarterly
| Total Paid | Ordinary Dividends | Reinvest Price | |
|---|---|---|---|
Portfolio
As of 12/07/2023Top 10 Holdings
| Company Name | Ticker | CUSIP | Quantity | Portfolio % |
|---|
Holdings are subject to change
Sum of weightings may not equal 100% due to rounding
As of TBD
| Sectors | Portfolio % |
|---|---|
| Information Technology | TBD |
| Consumer Discretionary | TBD |
| Health Care | TBD |
| Communication Services | TBD |
| Financials | TBD |
| Industrials | TBD |
| Consumer Staples | TBD |
| Energy | TBD |
Sum of weightings may not equal 100% due to rounding
Team
Resources
Regulatory Documents
Check the background of SIDCO on FINRA’s BrokerCheck.