TACE — Trend Aggregation Conservative ETF

TACE Fund Overview

TACE — Trend Aggregation Conservative 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: $15.94M
• Ticker: TACE
• SEC CIK: 0001719812
• SEC series ID: S000069579
• Share class ID: C000221972

TACE Investment Objective and Strategy

Trend Aggregation Conservative ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Collaborative Investment Series Trust.

Investment objective

The Trend Aggregation Conservative ETF (the Fund) seeks to provide total return.

Principal investment strategy

In pursuing the Funds investment objective, the Fund will invest in exchange-traded funds (ETFs) that primarily invest in fixed income securities, real estate investment trusts (REITs), master limited partnerships (MLPs), dividend paying equity stocks including utility stocks, put options, U.S. treasuries and exchange-traded notes (ETNs). Fixed Income ETFs will include those that invest in domestic and foreign fixed income securities of any credit rating maturity and duration. Such fixed income securities will include high yield bonds (commonly known as junk bonds). The Fund considers high yield bonds to be those that are rated lower than Baa3 by Moodys Investors Service or lower than BBB- by Standard & Poors rating group. High yield bonds have a higher expected rate of default than investment grade bonds.

The Advisers models may also direct for investment in volatility and inverse volatility ETFs and ETNs, leveraged and inverse ETFs and ETNs, and individual equity securities of any market capitalization. The Adviser may invest in volatility ETFs and ETNs which are structured to track futures on the CBOE volatility futures index. Inverse volatility ETFs and ETNs seek to provide investment results that match a certain percentage of the inverse of the performance of a specific benchmark on a daily basis. Because they reset daily there may be significant daily volatility associated with volatility and inverse volatility ETFs and ETNs. The Adviser follows a proprietary tactical model in managing the Funds assets. The Advisers model evaluates market trends in various asset classes across different time frames.

When the Advisers model indicates a positive market trend, the Fund will be invested in fixed income, REIT, MLP and dividend-paying equity stock ETFs and ETNs. When the Advisers model indicates a negative market trend, the Fund will invest in money market funds or other cash equivalents. The Fund may also invest in ETFs that provide the inverse of the return of high yield bonds, U.S. treasury securities, REITs, MLPs, utilities, and dividend stocks. The Fund may also invest in leveraged ETFs. In managing the Funds portfolio, the Adviser will engage in frequent trading, resulting in a high portfolio turnover rate. The Adviser uses multiple investment models that combine market trend and counter trend following, and market analysis across asset classes to determine when to buy, sell, or hold an ETF.

The Adviser uses trend following models to track and purchase securities that are perceived as increasing in value and to avoid securities that are perceived to be decreasing in value. Furthermore, the Adviser uses intermarket analysis to look for divergences between asset classes that tend to either move together or move apart. The Funds investments in ETFs involve certain additional expenses and certain tax results, which would not be present in a direct investment in the underlying fund. Due to legal limitations, the Fund will be prevented from: 1) purchasing more than 3% of an investment companys (including ETFs) outstanding shares; 2) investing more than 5% of the Funds assets in any single such investment company, and 3) investing more than 10% of the Funds assets in investment companies overall; unless: (i) the underlying investment company and/or the Fund has received an order for exemptive relief from such limitations from the Securities and Exchange Commission (SEC); and (ii) the underlying investment company and the Fund take appropriate steps to comply with any conditions in such order.

In the alternative, the Fund may rely on Rule 12d1-3, which allows unaffiliated mutual funds to exceed the 5% limitation and the 10% limitation, provided the aggregate sales loads any investor pays (i.e., the combined distribution expenses of both the acquiring fund and the acquired fund) does not exceed the limits on sales loads established by FINRA for funds of funds. In addition to ETFs, the Fund may invest in other investment companies such as open-end mutual funds or exchange-traded closed-end funds, within the limitations described above.

TACE Costs and Fees

TACE costs about $148 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.48%
• Gross expense ratio: 2.37%
• Portfolio turnover: 938%
• Brokerage commissions: 31.05 bps of average net assets (SEC N-CEN)

TACE Cashflows

Over the 12 months to 2021-06, Trend Aggregation Conservative ETF had net inflows of $21.03M, from monthly SEC N-PORT filings.

TACE Debt Constituents

No individual debt constituents are reported in Trend Aggregation Conservative ETF's latest SEC N-PORT filing.

TACE Prospectus and SEC Filings

Official Trend Aggregation Conservative ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-08-06
• Prospectus (485BPOS) — filed 2020-10-02
• Portfolio holdings (N-PORT) — filed 2021-08-30
• Portfolio holdings (N-PORT) — filed 2021-05-26
• Portfolio holdings (N-PORT) — filed 2021-03-01
• Annual census (N-CEN) — filed 2021-06-14

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.