SWP Growth & Income ETF

Fund Summary

The SWP Growth & Income ETF seeks to provide long-term capital appreciation with a secondary emphasis on generating current income. The Fund will invest at least 80% of its net assets in income-producing equity securities that are judged to have strong growth characteristics.

Our Portfolio Managers characterize “growth” companies as those that are expected to achieve higher than average profitability ratios such as operating profit margin or return on equity, and have characteristics to generate above-average sustainable earnings and free cash-flow growth, while showing a history of paying a stable dividend.

Ticker
SWP
CUSIP
56170L612
Exchange
Nasdaq
Inception Date
September 24, 2024
Mark Tepper, CFP
CEO, Portfolio Manager
Nate Fischer, CFA, CMT
CIO, Portolio Manager
Matt Geary, CFA
Portfolio Manager
Rob Lambert, CFA, CMT
Portfolio Manager

Hybrid Investment Approach

The SWP Portfolio Managers utilize Macroeconomic, Fundamental, and Technical Analysis to arrive at the underlying holdings within the Fund.

Macro Analysis
Montetary & Fiscal Policy
Interest Rate & Credit Analysis
Inflation Expectations
Currency & Commodity Markets
Geopolitical Issues
Business Cycle Analysis
Relative Strength
Intermarket Analysis
Trend & Pattern Analysis
Support & Resistance Levels
Seasonal Patterns
Market Sentiment & Behavioral Finance
Technical Analysis
SWP Portfolio Holdings
Fundamental Analysis
Competitive Positioning & Products
Identifiable Near-term Catalysts
Management Team
Wall Street Forecasts vs SWP Expectations
Revenue & Cost Drivers, B/S, & FCF
Absolute & Relative Valuation

Fund Details

As of:

February 10, 2025

Fee TypeAmount
Management Fee0.99%
Distributions and/or Service (12B-1)0.00%
Other Expenses0.00%
Total Fees0.99%
Annual Operating Expenses
Fund Assets
87192930
NAV: Net Asset Value is the net value of an investment fund’s assets less its liabilities, divided by the number of shares outstanding.
NAV
26.42
0.45
Closing Market Price
26.45
0.61
Premium/Discount: the difference between market price of the ETF to the ETF’s net asset value.
Premium/Discount
0.11
Median Bid/Ask Spread: expressed as a percentage, computed by: (A) Identifying the exchange-traded fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; (B) Dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and (C) Identifying the median of those values. Bid Ask Spread greater than 2% for more than 7 consecutive days requires a disclosure to be posted on ETF website explaining cause of variance of that size for that many days.
Median Bid/Ask Spread
0.15

Portfolio Holdings & Characteristics

As of:

Feb 10, 2025

MM/DD/YYYY

As of:
February 10, 2025
Top 10 Holdings
MSFT
Microsoft Corp
594918104
12278
5.80
AVGO
Broadcom Inc
11135F101
13200
3.56
AAPL
Apple Inc
037833100
12870
3.36
GS
Goldman Sachs Group Inc/The
38141G104
4290
3.20
PNC
PNC Financial Services Group Inc/The
693475105
12870
2.91
LAZ
Lazard Inc
52110M109
44550
2.67
IBM
International Business Machines Corp
459200101
9240
2.64
SBUX
Starbucks Corp
855244109
20130
2.57
BKR
Baker Hughes Co
05722G100
46860
2.54
CRM
Salesforce Inc
79466L302
6600
2.48
As of:
January 31, 2025
Characteristics
XX
50
Stock Holdings
$XXX,XXX
501
k
M
B
T
Avg Wtd Mkt Cap
XX.Xx
26.6
x
P/E (LTM)
XX.Xx
21.3
x
P/E (FWD)
XX.X%
21.7
Historical 3 Year EPS Growth
10.3
XX.X%
Est. 3-5 Year EPS Growth
XX.X%
22.4
ROE
X.X%
1.9
Dividend Yield
Holdings are subject to change and do not constitute a recommendation or solicitation to buy or sell a particular security. Current and future portfolio holdings are subject to risk.

Sector Allocation

As of:

January 31, 2025

Communication Services
2.4
%
Consumer Discretionary
10.3
%
Consumer Staples
5.5
%
Energy
6.4
%
Financials
16.2
%
Health Care
14.2
%
Industrials
9.1
%
Information Technology
27.4
%
Materials
1.1
%
Real Estate
2.9
%
Utilities
3.6
%
Cash
0.8
%

Performance

Feb 10, 2025
Market Price:
26.45
(Change:
0.61
)
NAV Price:
(Change:
)
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Monthly
Quarterly
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Market Price
Dec 31, 2024
-4.38
X.XX
%
0.64
X.XX
%
--
%
--
%
--
%
1.13
X.XX
%
NAV
Dec 31, 2024
-4.35
X.XX
%
0.56
X.XX
%
--
%
--
%
--
%
1.13
X.XX
%
Market Price
Jan 31, 2025
4.45
X.XX
%
5.76
X.XX
%
--
%
--
%
4.45
--
%
5.62
X.XX
%
NAV
Jan 31, 2025
4.86
X.XX
%
6.40
X.XX
%
--
%
--
%
4.86
--
%
6.05
X.XX
%
For further track record information, please see the prospectus (Page 10 & 11).

NAV Return
represents the closing price of underlying securities.

Market Price Return is calculated using the price at which investors buy and sell ETF shares in the market. The market returns in the table are based upon the midpoint of the bid/ask spread at 4:00 pm EST and do not represent the returns you would have received if you traded shares at other times.

The performance 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 the original cost. Current performance may be lower or higher than the performance quoted. Investors may obtain performance data current to the most recent month-end by calling 1-800-617-0004.

Risk Considerations:
ETFs are subject to specific risks, depending on the nature of the underlying strategy of the fund. These risks could include liquidity risk, sector risk, as well as risks associated with fixed income securities, real estate investments, and commodities, to name a few. ETFs trade like stocks, are subject to investment risk, fluctuate in market value, and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns. There is no guarantee that the Fund will achieve its objective.

Premium/Discount

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The Premium/Discount chart shows the difference between the daily market price of the Fund’s shares and the Fund’s net asset value (“NAV”). The daily market price is calculated using the mid-point between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund’s NAV is calculated (usually 4:00 pm Eastern time). The vertical axis of the chart shows the premium or discount of the Mid-Point price as a percentage of the NAV. The horizontal axis shows the number of trading days covered by the chart, and each bar in the chart demonstrates how many days the Fund traded within the given premium/discount range. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

Supplemental Discussion: SWP Invest (“Advisor”) will provide a discussion in the event the ETF’s premium or discount has been greater than 2% for seven consecutive trading days.

Resources

Why Dividends Matter

Learn how dividends could maximize your growth potential.

Launch Letter

Read our launch letter to understand why we built this ETF.

Speak With The Investment Team

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