Fund Description
NOW WITH MONTHLY DISTRIBUTIONS!
The Volatility Premium Plus ETF (Ticker: ZVOL) seeks to provide a monthly income stream and alternative source of diversification while monetizing the premium in the VIX futures term structure.
ZVOL aims to provide daily investment results that correspond to the daily performance of the S&P 500 VIX Mid-Term Futures Inverse Daily Index (before fees and expenses).
| Fund Data & Pricing | |
|---|---|
| Net Assets as of 11/25/2024 | $19,805,284.52 |
| NAV | $21.07 |
| Shares Outstanding | 940,000 |
| Premium/discount Percentage | -0.28% |
| Closing Price | $21.01 |
| Median 30 Day Spread | 0.33% |
Data as of 11/25/2024
Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the 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; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
| Fund Details | |
|---|---|
| Inception Date | 11/22/2024 |
| Ticker | ZVOL |
| Primary Exchange | CBOE |
| CUSIP | 92864M202 |
| Expense Ratio | 1.35% |
| Performance | Quarter end returns as of 09/30/2024 | |||
|---|---|---|---|---|
| Avg. Annualized | ||||
| Quarter | 1 Year | 3 Year | Since Inception | |
| Fund NAV | -9.46% | 21.46% | - | 61.62% |
| Market Price | -9.87% | 21.03% | - | 61.29% |
| S&P 500 VIX Mid Term Futures Inverse Daily Index (Excess Return) | -9.72% | 20.40% | - | 58.80% |
Expense ratio: 1.35%
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 by calling 866.261.0273.
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
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
| Distribution Detail | |||
|---|---|---|---|
| EX- Date | Record Date | Payable Date | Amount |
| 01/26/2024 | 01/29/2024 | 01/31/2024 | 0.4850 |
| 02/26/2024 | 02/27/2024 | 02/29/2024 | 0.4850 |
| 03/26/2024 | 03/27/2024 | 04/01/2024 | 0.4850 |
| 04/25/2024 | 04/26/2024 | 04/30/2024 | 0.4850 |
| 05/22/2024 | 05/23/2024 | 05/24/2024 | 0.4850 |
| 06/25/2024 | 06/25/2024 | 06/26/2024 | 0.4850 |
| 07/24/2024 | 07/24/2024 | 07/25/2024 | 0.4850 |
| 08/28/2024 | 08/28/2024 | 08/29/2024 | 0.4850 |
| 09/26/2024 | 09/26/2024 | 09/27/2024 | 0.4850 |
| 10/29/2024 | 10/29/2024 | 10/30/2024 | 0.4850 |
| 11/26/2024 | 11/26/2024 | 11/27/2024 | 0.4850 |
| 12/16/2024 | 12/16/2024 | 12/17/2024 | TBD |
*Distribution Rate is the annual yield an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended at the most recent month- end, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period. Distributions are not guaranteed. Data as of 10/31/2024.
**The Distribution Rate and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below. Data as of 10/31/2024.
| Top Holdings | |||||
|---|---|---|---|---|---|
| % Of Net Assets | Name | Ticker | CUSIP | Shares/Contracts | Market Value/Notional |
| -26.48% | CBOE VIX FUTURE Mar25 | UXH5 Index | UXH5 INDEX | -299 | -5,122,886.60 |
| -33.97% | CBOE VIX FUTURE Apr25 | UXJ5 Index | UXJ5 INDEX | -379 | -6,573,679.20 |
| -34.47% | CBOE VIX FUTURE May25 | UXK5 Index | UXK5 INDEX | -379 | -6,670,400.00 |
| -7.35% | CBOE VIX FUTURE Jun25 | UXM5 Index | UXM5 INDEX | -80 | -1,422,104.00 |
| 100.00% | Cash & Other | Cash&Other | CASH_USD | 19,349,731 | 19,349,731.13 |
Data as of 11/26/2024. Cash & Other includes cash, other accrued assets & liabilities, & shares of money market funds that invest in U.S. government securities. Holdings are subject to change.
