MOHR

Mohr Growth ETF

Fund Objective

The Mohr Growth ETF (the “Fund”) seeks to provide capital appreciation.

Principal Investment Strategy

The Fund seeks to achieve the Fund’s investment objective by using a tactical go-anywhere approach to invest in a wide variety of asset classes, which the Fund defines based on the market capitalization and/or industry classification. The Fund primarily invests in exchange-traded funds (“ETFs”) that invest in equity securities of any market capitalization that are representative of an asset class or an investment style. Additionally, the Fund may invest directly in equities without regard to market capitalization. The Fund may invest in domestic (U.S.), foreign, and emerging market issuers. The Fund defines emerging market issuers as those found in countries represented in the MSCI Emerging Market Index, which is designed to dynamically reflect the evolution of the emerging markets opportunity set and to help investors meet global and regional asset allocation needs. The Fund may appeal to investors seeking long-term growth potential and who can tolerate a higher risk of the potential for pricing volatility.

Fund Pricing and Data

As of: 02/03/2023

Market Price

$19.58

Number of Holdings

28

NAV Price

$19.60

Premium/Discount

-0.08%

Net Assets

$125,415,680

Expense Ratio

0.96%

Shares Outstanding

6,400,000

30-Day Median Bid-Ask

0.15%

Fund Details

Fund Name
Mohr Growth ETF

Primary Exchange
Cboe

Ticker
MOHR

Fund Inception Date
11/03/2021

CUSIP
19423L 623

Options Available
No

ISIN
US19423L6231

Portfolio Advisor
Mohr Capital Management

Fund Performance

As of: 02/03/2023
As of: 01/31/20231 month3 months6 months1 yearYTDSince Inception
NAV0.06%0.26%-4.68%-15.24%0.06%-17.77%
Market Price-0.10%0.31%-4.77%-15.27%-0.10%-17.80%

 

Performance Disclosure

The performance data quoted represents past performance. Past performance does not guarantee future results. The 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 their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained above. Returns less than one year are not annualized.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. The Fund does not have a track record of reporting to investors or widely available research coverage which may result in price volatility.

Market performance is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.

As of: 12/31/20221 month3 months6 months1 yearYTDSince Inception
NAV0.11%0.01%-4.82%-21.44%-21.44%-18.98%
Market Price0.31%0.10%-4.76%-21.76%-21.76%-18.90%

Performance Disclosure

The performance data quoted represents past performance. Past performance does not guarantee future results. The 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 their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained above. Returns less than one year are not annualized.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. The Fund does not have a track record of reporting to investors or widely available research coverage which may result in price volatility.

Market performance is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.

Fund Holdings

As of: 02/03/2023
TickerSecurity DescriptionCUSIP% of FundSharesMarket Value
SPHB USINVESCO S&P 500 HIGH BETA46138E3700.76%12,573$952,891
TCHP UST ROWE PRICE BLUE CHIP GR87283Q1070.76%40,661$956,030
SNOWSNOWFLAKE CLASS A8334451090.75%5,428$942,548
LMNDLemonade Inc.52567D1070.78%51,328$976,787
PTONPeloton Interactive Inc. Class A70614W1000.77%56,920$965,340
TXG10X Genomics Inc. Class A88025U1090.75%19,439$934,120
CRNCVCERENCE INC-WI1567271090.77%32,863$964,315
FSLYFastly Inc. Class A31188V1000.76%81,219$950,076
BILSPDR Bloomberg Barclays 1-3 Month T-Bill ETF78468R66351.18%700,631$64,079,711
ROKUROKU INC COMMON STOCK USD.000177543R1020.76%14,762$954,114
GOOGALPHABET INC-CL C02079K1070.75%8,883$938,258
TTDTRADE DESK INC/THE -CLASS A88339J1050.75%16,953$937,360
MOATVANECK VECTORS MORNINGSTAR W92189F6430.76%12,695$953,125
IWYISHARES RUSSELL TOP 200 GROW4642894380.76%7,110$957,054
HUBSHUBSPOT INC4435731000.74%2,428$926,059
VGTVANGUARD INFORMATION TECHNOLOGY ETF92204A7020.77%2,614$958,757
NXSTNEXSTAR BROADCASTING GROUP-A65336K1030.77%4,543$961,595
KTOSKRATOS DEFENSE & SECURITY50077B2070.77%78,451$964,728
WERNWERNER ENT9507551080.76%19,418$953,136
SMGSCOTTS MIRACLE-GRO CO-CL A8101861060.76%11,442$948,679
VBKVANGUARD SMALL-CAP GROWTH ETF9229085950.77%4,138$959,850
NUENUCOR CORP6703461050.78%5,470$980,696
MKTXMarketAxess Holdings Inc.57060D1080.71%2,527$894,922
MSCIMSCI INC55354G1000.76%1,689$947,031
SYFSYNCHRONY FINANCIAL87165B1030.77%25,576$959,156
PAGPENSKE AUTOMOTIVE GROUP INC70959W1030.77%6,935$961,416
XLKTechnology Select Sector SPDR Fund81369Y8030.77%6,760$959,227
CASH AND CASH EQUIVALENTS29.05%36,370,666$36,370,666

Premium / Discount

As of: 02/03/2023
Premium/DiscountPremium Discount Days (Quarterly)Premium Discount Days (Yearly)+2% Premium Discount Days
-0.08%23 days23 daysNone (0 days in the last year)

Supplemental Discussion

Mohr Capital Management (“Advisor”) will provide a discussion in the event the ETF’s premium or discount has been greater than 2% for seven consecutive trading days.

Frequency Distribution of Premiums and Discounts

(October 1, 2022 through December 31, 2022)*



Fund Total # of Days Fund Closed at Premium for the Quarter Total # of Days Fund Closed at Discount for the Quarter Total # of Days Fund Closed at Premium / Discount for the Quarter
Mohr Growth ETF (MOHR) 28 35 63

*Fund Inception Date: 11/03/2021

(January 1, 2022 through December 31, 2022)*



Fund Total # of Days Fund Closed at Premium for the Quarter Total # of Days Fund Closed at Discount for the Quarter Total # of Days Fund Closed at Premium / Discount for the Quarter
Mohr Growth ETF (MOHR) 137 114 251

*Fund Inception Date: 11/03/2021

Historical End-of-Quarter Information

Q3 2022 MOHR Premium/Discount

(July 1, 2022 through September 30, 2022)*



Fund Total # of Days Fund Closed at Premium for the Quarter Total # of Days Fund Closed at Discount for the Quarter Total # of Days Fund Closed at Premium / Discount for the Quarter
Mohr Growth ETF (MOHR) 41 23 64

*Fund Inception Date: 11/03/2021

Q2 2022 MOHR Premium/Discount

(April 1, 2022 through June 30, 2022)*



Fund Total # of Days Fund Closed at Premium for the Quarter Total # of Days Fund Closed at Discount for the Quarter Total # of Days Fund Closed at Premium / Discount for the Quarter
Mohr Growth ETF (MOHR) 40 22 62

*Fund Inception Date: 11/03/2021

Q1 2022 MOHR Premium/Discount

(January 1, 2022 through March 31, 2022)*



Fund Total # of Days Fund Closed at Premium for the Quarter Total # of Days Fund Closed at Discount for the Quarter Total # of Days Fund Closed at Premium / Discount for the Quarter
Mohr Growth ETF (MOHR) 28 34 62

*Fund Inception Date: 11/03/2021

YTD 2021 MOHR Premium/Discount

(January 1, 2021 through December 31, 2021)*



Fund Total # of Days Fund Closed at Premium for the Quarter Total # of Days Fund Closed at Discount for the Quarter Total # of Days Fund Closed at Premium / Discount for the Quarter
Mohr Growth ETF (MOHR) 37 4 41

*Fund Inception Date: 11/03/2021

Q4 2021 MOHR Premium/Discount

(October 1, 2021 through December 31, 2021)*



Fund Total # of Days Fund Closed at Premium for the Quarter Total # of Days Fund Closed at Discount for the Quarter Total # of Days Fund Closed at Premium / Discount for the Quarter
Mohr Growth ETF (MOHR) 37 4 41

*Fund Inception Date: 11/03/2021

Disclosures

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information are contained in the prospectus. Please read the prospectus carefully before investing.

The principal risks of investing in the Mohr Growth ETF include:

  • Cash and Cash Alternatives Risk: At any time, the Fund may have significant investments in cash or cash equivalents. When 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.

  • Emerging Markets Risk: 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, limited availability and reliability of information material to an investment decision, and exposure to political systems that can be expected to have less stability than those of developed countries. The market for the securities of issuers in emerging market typically is small, and a low or nonexistent trading volume in those securities may result in a lack of liquidity and price volatility. 

  • ETF Structure Risk: The Fund is structured as an ETF and as a result is subject to the special risks, including: 
    • 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. There may be times when the market price and the NAV vary significantly. This means that Shares may trade at a discount to NAV. 
    • In times of market stress, market makers may step away from their role market making in shares of ETFs and in executing trades, which can lead to differences between the market value of Fund shares and the Fund’s NAV. 
    • In stressed market conditions, the market for the Fund’s shares may become less liquid in response to the deteriorating liquidity of the Fund’s portfolio. This adverse effect on the liquidity of the Fund’s shares may, in turn, lead to differences between the market value of the Fund’s shares and the Fund’s NAV. 

  • Exchange Traded Funds Risk: The cost of investing in the Fund will be higher than the cost of investing directly in the ETFs in which it invests and may be higher than other mutual funds that invest directly in stocks and bonds. Each other ETF is subject to specific risks, depending on the nature of the ETF

  • Foreign Securities Risk: Changes in foreign economies and political climates are more likely to affect the Fund than a mutual fund that invests exclusively in U.S. companies. Foreign companies are generally not subject to the same regulatory requirements of U.S. companies thereby resulting in less publicly available information about these companies. In addition, foreign accounting, auditing and financial reporting standards generally differ from those applicable to U.S. companies. 

  • Large Capitalization Risk Stock Risk: Large-capitalization companies may be less able than smaller capitalization companies to adapt to changing market conditions. Large-capitalization companies may be more mature and subject to more limited growth potential compared with smaller capitalization companies. During different market cycles, the performance of large capitalization companies has trailed the overall performance of the broader securities market. 

  • Management Risk: The portfolio manager’s judgments about the attractiveness, value and potential appreciation of particular stocks or other securities in which the Fund invests may prove to be incorrect and there is no guarantee that the portfolio manager’s judgment will produce the desired results. 

  • Market and Geopolitical Risk: The increasing interconnectivity between global economies and financial markets increases the likelihood that events or conditions in one region or financial market may adversely impact issuers in a different country, region or financial market. Securities in the Fund’s portfolio may underperform due to inflation (or expectations for inflation), interest rates, global demand for particular products or resources, natural disasters, pandemics, epidemics, terrorism, regulatory events and governmental or quasi-governmental actions. The occurrence of global events similar to those in recent years, such as terrorist attacks around the world, natural disasters, social and political discord or debt crises and downgrades, among others, may result in market volatility and may have long term effects on both the U.S. and global financial markets. It is difficult to predict when similar events affecting the U.S. or global financial markets may occur, the effects that such events may have and the duration of those effects. 

  • Portfolio Turnover Risk: A higher portfolio turnover will result in higher transactional and brokerage costs.

  • Small and Medium Capitalization Stock Risk: 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. Small and medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience.