Tuttle Capital Short Innovation ETF

C000231102 Fund Overview

Tuttle Capital Short Innovation ETF is a US ETF managed by Collaborative Investment Series Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Collaborative Investment Series Trust
• Category: Money Market
• Assets under management: $472.26M
• SEC CIK: 0001719812
• SEC series ID: S000073871
• Share class ID: C000231102

C000231102 Investment Objective and Strategy

Tuttle Capital Short Innovation ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Collaborative Investment Series Trust.

Investment objective

Tuttle Capital Short Innovation ETF seeks to provide investment results that are approximately the inverse (or opposite) of, before fees and expenses, to the daily price and yield performance of the ARK Innovation ETF. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day.

Principal investment strategy

"The Fund is an actively managed exchange traded fund that attempts to achieve the inverse (-1x) of the return of the ARK Innovation ETF for a single day, not for any other period, by entering into a swap agreement on the ARK Innovation ETF. A ""single day"" is measured from the time the Fund calculates its net asset value (""NAV"") to the time of the Fund's next NAV calculation. The Fund will enter into one or more swap agreements with major global financial institutions for a specified period ranging from a day to more than one year whereby the Fund and the global financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on the ARK Innovation ETF. The gross return to be exchanged or ""swapped"" between the parties is calculated with respect to a ""notional amount,"" e.g., the return on or change in value of a particular dollar amount representing the ARK Innovation ETF.

The ARK Innovation ETF is an actively managed exchange traded fund that seeks long-term growth of capital by investing under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the Fund's investment theme of disruptive innovation. It is typically comprised of 35-55 companies. Additionally, the Fund may invest between 40-80% of the Funds portfolio depending on the amount of collateral required by the Funds counterparties in (1) U.S. Government securities, such as bills, notes and bonds issued by the U.S. Treasury; (2) money market funds; (3) short term bond ETFs and/or (4) corporate debt securities, such as commercial paper and other short-term unsecured promissory notes issued by businesses that are rated investment grade or of comparable quality.

Because of daily rebalancing and the compounding of each day's return over time, the return of the Fund for periods longer than a single day will be the result of each day's returns compounded over the period, which will very likely differ from -100% of the return of the ARK Innovation ETF over the same period. The Fund will lose money if the ARK Innovation ETF's performance is flat over time, and as a result of daily rebalancing, the ARK Innovation ETF's volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the ARK Innovation ETF's performance decreases over a period longer than a single day. THE TUTTLE CAPITAL SHORT INNOVATION ETF, THE COLLABORATIVE INVESTMENT SERIES TRUST, AND TUTTLE CAPITAL MANAGEMENT, LLC ARE NOT AFFILIATED WITH THE ARK ETF TRUST, THE ARK INNOVATION ETF, OR ARK INVESTMENT MANAGEMENT LLC."

C000231102 Costs and Fees

C000231102 costs about $75 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.75%
• Gross expense ratio: 0.75%

C000231102 Cashflows

Over the 12 months to 2022-06, Tuttle Capital Short Innovation ETF had net inflows of $1.99B, from monthly SEC N-PORT filings.

C000231102 Debt Constituents

No individual debt constituents are reported in Tuttle Capital Short Innovation ETF's latest SEC N-PORT filing.

C000231102 Prospectus and SEC Filings

Official Tuttle Capital Short Innovation ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-11-04
• Portfolio holdings (N-PORT) — filed 2022-08-26
• Portfolio holdings (N-PORT) — filed 2022-05-25
• Portfolio holdings (N-PORT) — filed 2022-02-28

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.