YOKE CORE ETF

Methodology

Markets are a like a pendulum that swing from severely underpriced to insanely overpriced.  Very rarely are the markets fairly valued.  Regardless of strategy, factor, market cap, or style there are times when any single strategy underperforms the market.  Rarely does a single strategy work over the long term, today, and tomorrow.  We use a portion of our portfolio in invest in what we deem great quality growth companies.  Over the long term, companies that are disciplined in capital investment, debt issuance and shareholder interests along with a competitive advantage should perform admirably.  While this makes sense on paper, it doesn’t work all the time.  Companies fall in and out of favor from a stock investment standpoint regardless of their performance.  For these times we want to own investments that are working today.  Another portion of our portfolio is dedicated to a momentum/trend strategy of companies that have performed over the recent term.  By looking at the companies that people are buying today we try to gauge whether the market is being driven by fear or greed.  If our momentum indices are populated with lower quality names with little earnings and/or cash flow then we move to more defensive equity positions with the last sleeve of the portfolio.  After a correction, the market momentum is usually being driven by the defensive side of the equity market and we then attempt to move to companies/industries/sectors that traditionally react the strongest coming off a market bottom.  We stay in this recovery mode until the market gets back to fair value or pushes through to greed.

Fund Objective

The Yoke Core ETF seeks to achieve capital appreciation.

Fund Documents

Fund Details

NAV and Market Price

NAV is the sum of all assets less any liabilities, divided by the number of shares outstanding.

Month-End Performance

Quarter-End Performance

Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so shares may be worth more or less when redeemed or sold. Current performance may be lower or higher than that 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. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. YTD is year-to-date and ITD is inception-to-date.

Historical Premium / Discount

Completed Calendar Quarters of Current Year

The fund is traded at a premium if the price of the fund is trading above its NAV. Conversely, the fund is traded at a discount if the price of the fund is trading below its NAV.

Most Recent Completed Calendar Year

Fund Distributions

There is no guarantee that the fund will pay distributions in the future and distributions, if any, may be less than the current distribution.

Fund Holdings

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