INAV — Mohr Industry Nav ETF
Data updated: 2024-08-28
INAV — Mohr Industry Nav ETF. Alternative · $16.59M AUM · 1.73% expense ratio. Holdings, fees, performance and SEC filings.
INAV Fund Overview
INAV — Mohr Industry Nav ETF is a US ETF managed by Collaborative Investment Series Trust, categorised as Alternative. 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: Alternative
- Assets under management: $16.59M
- Ticker: INAV
- SEC CIK: 0001719812
- SEC series ID: S000083163
- Share class ID: C000246679
INAV Investment Objective and Strategy
Mohr Industry Nav ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Collaborative Investment Series Trust.
Investment objective
The Mohr Industry Nav ETF (the Fund) seeks to provide capital appreciation.
Principal investment strategy
The Fund is an actively managed exchange traded fund (ETF) that is managed by Retireful, LLC (the Adviser) and designed for investors looking for long-term growth and who can tolerate large principal value fluctuations. The Adviser seeks to achieve the Funds investment objective by using a tactical approach to invest in the various industries that are found in the component sectors of the S&P 500 Index. The Advisers tactical investment strategy allocates the Funds assets to these industries based on the Advisers investment research process (as discussed below). Nav refers to the Funds strategy of seeking to navigate the Funds potential universe of investments through the use of the Advisers top-down process. In pursuing the Funds strategy, the Adviser tactically allocates the Funds assets across industries found in the 11 sectors found in the S&P 500 Index: technology, health care, financials, real estate, energy, materials, consumer discretionary, industrials, utilities, consumer staples and communications.
As described below, the Fund may also have exposure to the S&P 500 Index and money market funds, depending on market conditions. The Fund seeks exposure to various industries through investment in 20 industry group-specific exchange-traded funds (ETFs) that seek to track a particular industry index. In tactically allocating the Funds assets across various industries, the Adviser utilizes quantitative data including price movement of the particular industry group to analyze the industry groups potential for attractive risk-adjusted returns. When the data for an industry group is positive, the Fund will invest a portion of its assets in that industry-specific ETF. When the data for an industry group is negative relative to the broader market (as represented by the S&P 500 Index), the Fund will invest not in that industry-specific ETF and will instead invest that portion of the Funds assets in an S&P 500 Index ETF, or in cases where smaller capitalization companies are outperforming the broader market, an equal weight S&P 500 ETF.
When data for all industry groups and the broader market is negative, the Fund may be fully invested in money market funds. The Funds holdings in each industry group-specific ETF may not be allocated equally and each ETF position may increase or decrease as a percentage of the Funds assets depending on market movements and the Advisers strategy. The Fund will not invest more than 25% of its assets in ETFs from the same industry group. As a result of the Advisers tactical strategy, the Fund may not have investment exposure to an industry group-specific ETF at any one time. Depending on market conditions, it is possible that the Fund may not have any investment exposure to any industries (e.g., if signals for each industry group are negative and thus the Fund is invested solely in a money market fund).
In analyzing which industry-specific ETF to purchase, the Adviser considers the ETFs liquidity and fees and expenses. The Adviser expects to invest in industry-specific ETFs managed by Vanguard and SSGA Advisors though the Adviser may utilize industry-specific ETFs in other fund families from time to time. In managing the Funds portfolio, the Adviser will engage in frequent trading, resulting in a high portfolio turnover rate.
INAV Holdings
Top 8 holdings of Mohr Industry Nav ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| SPDR S&P 500 ETF Trust | 22.92% |
| Schwab US Large-Cap ETF | 11.33% |
| iShares US Telecommunications ETF | 11.06% |
| SPDR S&P Aerospace & Defense ETF | 10.99% |
| Invesco S&P 500 Eql Wght ETF | 10.73% |
| SPDR KBW Bank Etf | 10.67% |
| iShares Russell 1000 ETF | 10.49% |
| Spdr S&P Semiconductor Etf | 9.94% |
INAV Portfolio Allocation
Asset-class allocation of Mohr Industry Nav ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Other | 98.1% |
INAV Costs and Fees
INAV costs about $173 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.73%
- Gross expense ratio: 1.73%
INAV Cashflows
Over the 12 months to 2024-06, Mohr Industry Nav ETF had net inflows of $15.82M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-06 | −$1.05M |
| 2024-05 | −$265.08K |
| 2024-04 | $3.63M |
| 2024-03 | $0 |
| 2024-02 | $13.24M |
| 2024-01 | $250.00K |
INAV Debt Constituents
No individual debt constituents are reported in Mohr Industry Nav ETF's latest SEC N-PORT filing.
INAV Prospectus and SEC Filings
Official Mohr Industry Nav ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Alternative funds tracked on ABC INVEST:
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.