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Fund Details (data as of 12/9/2019)
Ticker: VALX
Fund Type: Passive ETF
Fund Assets: $21,905,210.00
Shares Outstanding: 800,000
Exchange: NASDAQ
Expense Ratio: 0.79%
Fund Advisor: Validea Capital Management
 
VALX - Validea Market Legends ETF
The Validea Market Legends ETF is an passively managed ETF that invests in equity securities selected using Validea Capital's proprietary investment system, which is based on our interpretation of the published investment strategies of Wall Street legends. In total, Validea Capital runs over 40 different models and the Validea Market Legends ETF is comprised of 50-100 stocks using multiple distinct "guru"-based models that utilize a wide variety of investment styles, including value, growth, momentum and income. The portfolio is rebalanced monthly.

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Latest Price Information Premium/Discount History  
Latest Close: $27.42 Net Asset Value: $27.38
Daily Change: $0.33 Daily Change: $-0.04
Percentage Change: 1.22% Percentage Change: -0.13%
Premium/Discount: 0.14% Pricing Date: 12/9/2019
 
Fund Performance - Latest Month End (performance as of 11/30/2019)
  Since Inception Annual Since Inception Year To Date One Year Three Year Five Year
VALX - Price 12.04% 2.31% 13.08% -0.91% 2.64% --
VALX - NAV 12.20% 2.34% 12.02% -0.80% 2.80% --
 
Fund Performance - Latest Quarter End (performance as of 9/30/2019)
  Since Inception Annual Since Inception Year to Date One Year Three Year Five Year
VALX - Price 3.00% 0.62% 3.95% -14.21% 1.44% --
VALX - NAV 3.66% 0.75% 3.49% -13.68% 1.70% --

Performance Inception Date: 12/10/2014. 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 redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling 800-730-3457. Performance periods for greater than one-year are annualized.
 
Portfolio Characteristics (data as of 11/30/2019)
Weighting Method: Equal Active Share vs. S&P 500: 98.7%
Rebalancing: Monthly Median Market Cap: $3.5 billion
Number of Holdings: 80 Average Market Cap: $10.1 billion
Largest Sector Overweight: Consumer Cyclical Average PE Ratio: 12.0
Largest Sector Underweight: Financial Average Relative Strength: 53
 
Top 10 Holdings (holdings as of 12/9/2019) Full Holdings List
Ticker Company Name Market Cap (mil) Sector Industry Market Value Weight
RLGY REALOGY HLDGS CORP $1,196 Services Real Estate Operations $528,988.30 2.44%
THC TENET HEALTHCARE CORP $3,691 Healthcare Healthcare Facilities $420,200.60 1.94%
BCC BOISE CASCADE CO DEL $1,493 Capital Goods Constr. - Supplies & Fixtures $382,385.30 1.76%
STM STMICROELECTRONICS N V $23,257 Technology Semiconductors $369,246.80 1.70%
LOCO EL POLLO LOCO HLDGS INC $557 Services Restaurants $359,339.40 1.66%
BKE BUCKLE INC $1,327 Services Retail (Apparel) $349,353.00 1.61%
GPI GROUP 1 AUTOMOTIVE INC $1,925 Services Retail (Specialty) $338,059.30 1.56%
LITE LUMENTUM HLDGS INC $5,565 Technology Communications Equipment $319,900.90 1.47%
WMS ADVANCED DRAIN SYS INC DEL $2,633 Basic Materials Fabricated Plastic & Rubber $318,774.10 1.47%
RS RELIANCE STEEL & ALUMINUM CO COM $8,013 Basic Materials Misc. Fabricated Products $317,140.80 1.46%
 
Investor Materials
Summary Prospectus Statutory Prospectus Statement of Additional Information Annual Report Semi-Annual Report
 
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus and summary prospectus contains this and other important information about the investment company, or a free, hard-copy may be obtained by calling 1-800-730-3457. Read it carefully before investing.

Investing involves risk. Principal loss is possible. The Validea Market Legends Fund has the same risks as the underlying securities traded on the exchange throughout the day. Redemptions are limited and often commissions are charged on each trade, and ETFs may trade at a premium or discount to their net asset value. Shares are not individually redeemable from the fund and may be acquired or tendered in large creation units only. The Fund invests in foreign and emerging markets securities which involve political, economic and currency risks, greater volatility and differences in accounting methods. The Fund invests in smaller companies, which involve additional risks such as limited liquidity and greater volatility. The Adviser relies heavily on proprietary quantitative models as well as information and data supplied by third parties. When Models and Data prove to be incorrect or incomplete, any decisions made in reliance thereon expose the Fund to potential risks.

Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security. The S&P 500 Index is a broad-based index of 500 stocks, which is widely recognized as representative of the equity market in general. Active share is the percentage of a portfolio's stock holdings that differ from a benchmark index. It ranges from 0% to 100% is based on the weightings of securities in a portfolio compared with those of the benchmark and can be used as a measure of the degree of a portfolio's active management. An active share of 0% indicates that a fund is the same as the comparable index, while an active share of 100% indicates that the fund has no holdings in common with the index. The PE ratio is calculated by dividing a stock's price by its earnings per share. Relative Strength is a measure of a stock's price performance relative to all other stocks in the past year. It is presented on a scale of 1 to 99 (99 indicating the best performance). Market capitalization is a measure of a firm's total market value. Average portfolio characteristics are calculated as a weighted average where each security's fundamentals are weighted based on its weight within the portfolio. Median values are calculated by sorting the fund's portfolio based on the characteristic used and selecting the value at the midpoint of the resulting list. Sector overweights are underweights are calculated relative to the S&P 500 index. Portfolio chracteristics are presented as a way to provide investors with an indication of the types of securities held within the fund and should not be used The SEC does not endorse, indemnify, approve, nor disapprove of any security.

The Validea Funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of any Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Validea Capital Management is the Advisor to the Validea Market Legends ETF which is distributed by Quasar Distributors, LLC.
 
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