PlanRock Market Neutral Income ETF — PRMN

A potential complement or replacement to Bonds

PlanRock Market Neutral Income ETF

PRMN

A compliment or replacement to Bonds

PlanRock Alternative Growth ETF — PRAE     |     PlanRock Market Neutral Income ETF — PRMN

ETF Alternative to Bonds with Potential Distribution Yield of 5%*


Investment Objective

The PlanRock Market Neutral Income ETF seeks income and capital appreciation by investing in a multi strategy market neutral approach. Strategies include Long/Short high dividend equities versus cap weighting, equity and volatility index futures, absolute return, and option strategies. The overall strategy is designed to have a low to negative correlation to bonds with similar volatility.

Where can it fit?

The PlanRock Market Neutral Income ETF is offered as a potential replacement or complement to traditional bond portfolios. The Fund’s strategy is designed to have low to negative correlation to bonds with similar volatility.

What the Fund is and what the Fund is not?
  • The fund can be a well-balanced diversifier to bonds and other lower volatility assets.
  • The fund is not designed to hit a homerun or be the highest performer in any given year.
  • The fund is designed for potential lower downside market volatility while attempting to achieve attractive long-term performance relative to the bond markets.
  • The fund’s performance is not designed to track any market or index only to potentially outperform the bond market over time with similar volatility.
  • The fund can be a hedge to declining growth and income markets.
Why should you invest?
  • Many investment portfolios, mutual funds and ETFs follow the volatility and risks associated with traditional markets. Many don’t provide long-term positive returns when they account for the risks they take.
  • The PlanRock Market Neutral Income ETF seeks to provide dividend and ordinary income while attempting to potentially neutralizing markets risks and help provide capital appreciation over time.
  • Fund seeks to provide an annualized 5% distribution* (The fixed distribution began on July 27, 2024). The distribution may consist of dividend yield, income from futures and options or principal distribution.

* The Fund intends to distribute approximately 5% of NAV annually, with distributions paid quarterly and calculated 2 days before ex-date. The distribution may not be exactly 5% at the end of the year based on the 12 Month Distribution formula. It is possible that a portion of the distribution may be deemed a Return of Capital. Final Return of Capital amounts, if any, would be calculated 60 Days after both the Fund’s Fiscal Year End (9/30) and the end of the Fund’s Excise Period (10/31 for Capital Gains). See the disclaimer on the next page for more details.

Portfolio Allocation as of September 30, 2024

 A Carry Strategy is a financial strategy that involves taking advantage of the difference between the spot price and forward price of an asset. Options Strategies are derivates of a particular asset that gives the Fund the right to buy or sell at a fixed price on or before a future date. Volatility as a growth asset class or derivative measures the stock market’s expectation for volatility over a specific time frame. The term Long is a position in a security or derivative that the Fund owns. The term Short is a position of a sold security or derivate that is not owned. Profit can be experienced in a short position if the security goes down in value or loss can be experience if the security goes up in value. This is opposite for a Long position. Managed Futures represents long or short positions in various derivates such as stocks, bonds, commodities and currencies. Cap or Cap Weighting refers to capitalization or size of companies.

Investments in international markets present special risks including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxation, and differences in auditing and other financial standards. Derivatives can be highly complex and highly volatile and may perform in unanticipated ways. As with any security derivatives can be difficult to value and may at times be highly illiquid. Derivatives may create leverage, and the loss on derivative transactions may substantially exceed the Fund’s initial investment. Some derivatives have the potential for unlimited losses.

Performance

1-Mo 3-Mo 1Y 3Y 5Y YTD Since Inception
12/18/2023
NAV (%) -2.21% -1.38% -2.56% - - -1.87% -2.54%
Market Price (%) -2.52% -1.66% -2.86% - - -1.98% -2.75%
Bloomberg Aggregate Bond Index % -0.23% -3.28% 1.62% -2.43% -0.29% 1.27% 2.13%
Performance is historic and does not guarantee future results. Investment return and principal value will fluctuate with changing market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance maybe lower or higher than the performance data quoted. To obtain the most recent month end performance information of the Fund’s prospectus please call, tool free at 800-677-6025. You can obtain the prospectus at www.PlanRockFunds.com. NAV performance represents the closing price of the underlying securities. Market return is calculated using the price which investors buy and sell ETF shares in the market. The market returns in the table are based on the midpoint of the Bid/Ask spread at 4pm EST, and do not represent the returns you would have received if you traded shares at other times.

Premium/Discount Chart:

Premium Discount Days

2023 Q1 Q2 Q3 Q4
Premium 8 31 31 39 49
Discount 0 23 23 15 5
Note:

Fund Details

Ticker Symbol PRAE
CUSIP 66538R 524
IIV Ticker PRAE.IV
Exchange Listing NYSE
Type ETF Active
Gross Expenses 1.84%
Expense Cap* 1.25%
Acquired Expenses 0.20%
Net Total Expenses 1.45%
*PlanRock Investment Management, LLC (the “Adviser”) has contractually agreed to waive its fees and reimburse expenses of the Fund, until at least December 11, 2024, to ensure that total annual fund operating expenses after fee waiver and/or reimbursement of 0.95%. This may exclude certain fees, expenses, commissions, other costs and taxes. Ordinary expenses will not exceed 0.95% of the fund’s assets. The fee waiver and expenses are subject to possible recoupment from the fund with three years after the fees have been waived or reimbursed. If such reimbursement can be achieved within the lesser of the foregoing expense limits in place at the time of recapture.
As of 12-20-2024
NAV: $28
NAV Change: $-0.11
30 Day Median Bid/Ask Spread: 0.21%
Market Price: $27.94
Premium/Discount: $-0.06
Volume: 213
Shares Outstanding: 125,000
Net Assets: $3,499,424.21

Data coming soon.