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Trending ETFs

Name

As of 07/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.90

$33.9 M

4.34%

$0.39

1.17%

Vitals

YTD Return

3.3%

1 yr return

8.0%

3 Yr Avg Return

-0.7%

5 Yr Avg Return

N/A

Net Assets

$33.9 M

Holdings in Top 10

27.8%

52 WEEK LOW AND HIGH

$8.9
$8.02
$9.07

Expenses

OPERATING FEES

Expense Ratio 1.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.90

$33.9 M

4.34%

$0.39

1.17%

TWIO - Profile

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Trajan Wealth Income Opportunities ETF
  • Fund Family Name
    N/A
  • Inception Date
    Mar 31, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Udayan Mitra

Fund Description

The Fund is an actively managed exchange-traded fund (“ETF”). As an actively managed fund, the Fund will not seek to replicate the performance of an index. The Fund seeks to achieve its investment objective by investing in a combination of domestic preferred securities, income producing fixed income securities, and income producing common stocks. In selecting securities for the Fund, the Sub-Advisor’s investment process is driven by a comprehensive analysis of a firm’s capital structure with the goal of investing in securities that the Sub-Advisor believes represent the best relative value compared to other securities in the investment universe. This analysis is done using an investment process that combines a bottom-up and top-down approach to security selection that includes three significant areas of analysis: credit fundamentals (strength of the balance sheet, measures of ability to meet interest payments, and measures of ability to service debt); relative value in comparison to similar assets; and technical aspects of securities (interest rate sensitivity, call features, maturities, trading volumes, liquidity and pricing). The bottom-up analysis focuses on individual security analysis, including risks specific to the security, credit fundamentals, liquidity, and other factors. The top-down analysis takes into account the target allocation of the portfolio, industry exposure, the current economic environment, and the Sub-Advisor’s assessment of the direction of interest rates, equity market valuations and other macro factors.
Preferred securities are a type of equity security that are senior to and have preference over common stock in the payment of dividends as well as asset distributions upon any liquidation of a company’s assets, but they are generally junior to all forms of the company’s debt, including both senior and subordinated debt. The Fund’s investments in preferred securities will primarily be in retail preferred securities. Retail preferred securities are preferred securities targeted to retail investors and are exchange traded at single share prices of $25, $50 or $100. The Fund may invest in preferred securities of any market capitalization (including nano, micro, small, medium, and large capitalization). Although the Fund may invest in individual issues of retail preferred securities with market capitalizations as low as $50 million, the Fund will generally invest in individual issues of retail preferred securities of issuers that have a total market capitalization of at least $150 million. There is no maximum capitalization for the preferred securities in which the Fund invests. The Fund may also invest in preferred securities issued by real estate investment trusts (“REITs”) as well as corporate bonds, convertible securities, and corporate debt securities.
The Fund’s investments in preferred securities will primarily be in retail preferred securities. The Fund’s investments in preferred securities and income producing debt securities may include both investment grade securities and securities that are rated below investment grade (commonly referred to as “junk bonds,” which are speculative and may include securities rated “BB+/Ba1” or lower by S&P Global Ratings, Fitch Ratings, Inc., and/or Moody’s Investors Service, Inc.or equivalent by another nationally recognized statistical rating organization as well as non-rated securities) at the time of purchase.  The Fund may invest in securities of any maturity. While the Fund does not have a duration target, it is anticipated that the duration will generally range from 4 to 7 years.
The Fund may also invest up to 30% of its net assets in common stocks and other dividend paying securities.The Fund is classified as “non-diversified” for purposes of the Investment Company Act of 1940 (the “1940 Act”), which means a relatively high percentage of the Fund’s assets may be invested in the securities of a limited number of companies. The Fund’s investments may be in the same or related economic sectors, including financial companies, energy companies, healthcare companies, and REITs.
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TWIO - Performance

Return Ranking - Trailing

Period TWIO Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -18.5% 7.5% 94.43%
1 Yr 8.0% -23.3% 41.6% 2.25%
3 Yr -0.7%* -8.9% 9.4% N/A
5 Yr N/A* -6.9% 5.1% N/A
10 Yr N/A* -4.4% 5.5% N/A

* Annualized

Return Ranking - Calendar

Period TWIO Return Category Return Low Category Return High Rank in Category (%)
2023 1.7% -35.0% 33.6% N/A
2022 -16.6% -7.0% 7.1% N/A
2021 N/A -3.6% 12.1% N/A
2020 N/A -11.4% 5.1% N/A
2019 N/A -4.8% 7.6% N/A

Total Return Ranking - Trailing

Period TWIO Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -18.5% 7.5% 96.21%
1 Yr 8.0% -23.3% 45.8% 6.65%
3 Yr -0.7%* -8.9% 15.2% N/A
5 Yr N/A* -6.9% 12.6% N/A
10 Yr N/A* -4.4% 7.2% N/A

* Annualized

Total Return Ranking - Calendar

Period TWIO Return Category Return Low Category Return High Rank in Category (%)
2023 6.5% -35.0% 33.6% N/A
2022 -12.9% -7.0% 14.7% N/A
2021 N/A -3.6% 12.1% N/A
2020 N/A -9.5% 5.1% N/A
2019 N/A -4.8% 11.8% N/A

TWIO - Holdings

Concentration Analysis

TWIO Category Low Category High TWIO % Rank
Net Assets 33.9 M 130 K 62.8 B 94.51%
Number of Holdings 59 3 25236 40.72%
Net Assets in Top 10 9.44 M 3.05 K 11 B 92.62%
Weighting of Top 10 27.84% 6.3% 100.0% 83.37%

Top 10 Holdings

  1. CMO 3.34%
  2. CORPBOND 3.19%
  3. TREASNOT 2.92%
  4. FNMASECY 2.83%
  5. CORPBOND 2.82%
  6. FHLB 2.79%
  7. COMMSTCK 2.67%
  8. CORPBOND 2.49%
  9. COMMSTCK 2.45%
  10. COMMSTCK 2.34%

Asset Allocation

Weighting Return Low Return High TWIO % Rank
Bonds
42.88% 11.31% 94.75% 98.74%
Stocks
35.31% 0.00% 62.91% 82.53%
Preferred Stocks
19.24% -0.03% 39.31% 0.21%
Cash
2.57% -35.68% 69.40% 14.56%
Other
0.00% -9.78% 21.77% 82.49%
Convertible Bonds
0.00% 0.00% 71.77% 97.68%

Stock Sector Breakdown

Weighting Return Low Return High TWIO % Rank
Utilities
0.00% 0.00% 48.33% 3.41%
Technology
0.00% 0.00% 29.13% 94.67%
Real Estate
0.00% 0.00% 99.41% 10.02%
Industrials
0.00% 0.00% 26.64% 100.00%
Healthcare
0.00% 0.00% 27.40% 94.88%
Financial Services
0.00% 0.00% 83.50% 11.30%
Energy
0.00% 0.00% 62.93% 3.84%
Communication Services
0.00% 0.00% 20.68% 98.08%
Consumer Defense
0.00% 0.00% 18.62% 2.13%
Consumer Cyclical
0.00% 0.00% 15.36% 18.12%
Basic Materials
0.00% 0.00% 32.82% 99.15%

Stock Geographic Breakdown

Weighting Return Low Return High TWIO % Rank
US
35.31% 0.00% 51.08% 58.23%
Non US
0.00% -0.01% 25.18% 87.34%

Bond Sector Breakdown

Weighting Return Low Return High TWIO % Rank
Cash & Equivalents
1.92% 0.15% 71.66% 23.00%
Derivative
0.00% 0.00% 27.44% 80.38%
Securitized
0.00% 0.00% 52.08% 88.61%
Corporate
0.00% 0.00% 96.66% 4.01%
Municipal
0.00% 0.00% 99.85% 89.03%
Government
0.00% 0.00% 91.45% 96.84%

Bond Geographic Breakdown

Weighting Return Low Return High TWIO % Rank
US
42.88% 9.98% 83.14% 96.41%
Non US
0.00% 0.00% 30.21% 99.37%

TWIO - Expenses

Operational Fees

TWIO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% 0.03% 3.70% 51.57%
Management Fee 0.55% 0.00% 1.25% 80.40%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

TWIO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TWIO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TWIO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 380.00% N/A

TWIO - Distributions

Dividend Yield Analysis

TWIO Category Low Category High TWIO % Rank
Dividend Yield 4.34% 0.00% 7.26% 5.00%

Dividend Distribution Analysis

TWIO Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Net Income Ratio Analysis

TWIO Category Low Category High TWIO % Rank
Net Income Ratio N/A -1.22% 6.83% 3.58%

Capital Gain Distribution Analysis

TWIO Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

Distributions History

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TWIO - Fund Manager Analysis

Managers

Udayan Mitra


Start Date

Tenure

Tenure Rank

Mar 31, 2021

1.17

1.2%

Udayan Mitra, CFA, joined Trajan Wealth in October 2020 and serves as Head Portfolio Director of the firm. Prior to joining Trajan Wealth, Mr. Mitra served as the Head of Investments at Altera Advisors from 2018 to 2019 and Managing Director - Alternative Investments at ORIX, USA from 2014 to 2018. He has over two decades of experience in the investment management industry, including service as Chief Investment Officer at the Charles G. Koch Family & Foundation Office and Senior Portfolio Manager at Perot Investments and American Beacon Advisors. Mr. Mitra earned a BSc. in Economics from the London School of Economics and an MBA in Finance from Rice University.

Sterling Russell


Start Date

Tenure

Tenure Rank

Mar 31, 2021

1.17

1.2%

Sterling Russell, CFA, joined Trajan Wealth in April 2018 and currently serves as Director of Fixed Income of the firm. Prior to joining Trajan Wealth, Mr. Russell served as the Director of Fixed Income at Yellowstone Partners from March 2015 to April 2018 and as Senior Vice President and Portfolio Manager at Key Private Bank from January 2009 to March 2015. He has over three decades of experience in the financial services industry, including service as an analyst, portfolio manager and CIO/Director of Fixed Income. Mr. Russell earned a BA in Political Science and an MS in Economics from Brigham Young University and completed postgraduate studies in Economics at The University of Virginia.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.4 2.41