SWP Invest

SWP Growth & Income ETF

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 25, 2024

Investment Team

Hybrid Investment Approach

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

FUND DETAILS As of 10/14/2024

FUND ASSETS

$81,930,056

NAV

$25.44

CLOSING MARKET PRICE

$25.48

PREMIUM / DISCOUNT

0.05

MEDIAN Bid/Ask SPREAD

0.16%

NAV: Net Asset Value is the net value of an investment fund’s assets less its liabilities, divided by the number of shares outstanding. Premium/Discount: the difference between market price of the ETF to the ETF’s net asset value. 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.

Sector Allocation

Sector Allocationas of 09/30/2024

PORTFOLIO TOP TEN HOLDINGS As of 10/14/2024

TICKER CUSIP DESCRIPTION QUANTITY PORTFOLIO WEIGHT
MSFT 594918104 Microsoft Corp 10626 5.44%
AAPL 037833100 Apple Inc 12558 3.55%
PNC 693475105 PNC Financial Services Group Inc/The 12558 2.89%
AVGO 11135F101 Broadcom Inc 12880 2.87%
LAZ 52110M109 Lazard Inc 43470 2.77%
GS 38141G104 Goldman Sachs Group Inc/The 4186 2.67%
IBM 459200101 International Business Machines Corp 9016 2.59%
CCJ 13321L108 Cameco Corp 40572 2.57%
ARMK 03852U106 Aramark 52164 2.47%
ORCL 68389X105 Oracle Corp 11270 2.42%

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.

Portfolio Characteristics

Portfolio Characteristics as of 09/30/2024

49
Holdings
$474,877
Avg Wtd Mkt Cap ($Mil)
28.2x
P/E (LTM)
21.9x
P/E (FWD)
19.3%
Historical 3 Year EPS Growth
11.4%
Est. 3-5 Year EPS Growth
21.0%
ROE
2.1%
Dividend Yield
Premium/Discount Table

Premium/Discountas of 09/30/2024

3Q24
Days at Premium 3 -- -- --
Days at Zero Premium/Discount 1 -- -- --
Days at Discount 1 -- -- --

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.

Performance

Investment Performance

As of Month End, 09/30/2024

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As of Quarter End, 09/30/2024

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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.

FEES Annual Operating Expenses

Fee Type Amount
Management Fee 0.99%
Distributions and/or Service (12B-1) 0.00%
Other Expenses 0.00%
Total Fees 0.99%

How To Invest

The Fund (Nasdaq Ticker: SWP) is available through various channels including via phone (216) 800-9000, broker-dealers, investment advisers, and other financial services firms, including:

This Fund is not affiliated with these financial service firms. Their listing should not be viewed as a recommendation or endorsement.

In The News

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-800-617-0004. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

Risk Considerations: ETF’s 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. While the shares of ETFs are tradeable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. 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. The Fund may invest in the stocks of small and medium capitalization companies, which may subject the Fund to additional risks. The earnings and prospects of these companies may be more volatile than larger companies. Small and medium capitalization companies may have limited product lines and markets and may experience higher failure rates than do larger companies. Value investing involves the risk that an investment made in undervalued securities may not appreciate in value as anticipated or remain undervalued for long periods of time.

This website is a general communication being provided for informational purposes only and not designed to be a recommendation of this specific security or strategy. SWP Investment Management, its affiliates or representatives, are not suggesting that the recipient of this information or any other person take a specific course of action or any action at all. Communications such as this are not impartial and are provided in connection with the advertising and marketing of products and services. Prior to making any investment or financial decisions, an investor should seek individualized advice from personal financial, legal, tax and other professionals that take into account all of the particular facts and circumstances of an investor's own situation. Investors should carefully consider the investment objectives and risks as well as charges and expenses of an ETF before investing. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.

Index Information: The Wilshire 5000 Index is a market-capitalization-weighted index that intends to measure the performance of all U.S. equity securities that have readily available prices. The S&P 500 Dividend Aristocrats Index is an equal-weighted index that measures the performance of S&P 500 companies that have increased dividends every year for the last 25 consecutive years.

Distributed by ACA Foreside Fund Services, LLC (Member FINRA/SIPC). SWP Investment Management and ACA Foreside Fund Services, LLC are not affiliated.

SWP Investment Management LLC (“SWP”) 2024©. All content is original and has been researched and produced by SWP unless otherwise stated. No part of SWP's original content may be reproduced in any form or referred to in any other publication without the express written permission of SWP. The content is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect to any products or services for any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile, or residence.

Certain statements contained on this website may be statements of future expectations and other forward-looking statements that are based on SWP's current views and assumptions, and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied in such statements. All content is subject to change without notice. All statements made regarding companies, securities, or other financial information on this site or any sites relating to SWP are strictly beliefs and points of view held by SWP or the third party making such statements and are not endorsements by SWP of any company or security or recommendations by SWP to buy, sell, or hold any security. The content presented does not constitute investment advice, should not be used as the basis for any investment decision, and does not purport to provide any legal, tax, or accounting advice.

Please remember that there are inherent risks involved with investing in the markets, and your investments may be worth more or less than your initial investment upon redemption. There is no guarantee that SWP's objectives will be achieved. Further, there is no assurance that any strategies, methods, sectors, or any investment programs herein were or will prove to be profitable, or that any investment recommendations or decisions we make in the future will be profitable for any investor or client. Professional money management is not suitable for all investors. For full disclosures, please visit our Terms & Conditions page.