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Fund Summary

As of: 12/06/2021
Fund NameThe Fear of Missing Out ETF
TickerFOMO
CUSIP19423L 664
ISINUS19423L6645
Primary ExchangeCboe BZX Exchange, Inc.
NAV$23.27
Market Closing Price$23.24
Fund Inception Date05/25/21
Number of Holdings72
Gross Expense Ratio0.90%
30 Day Median Bid-Ask0.23%
Management StyleActively Managed
Options AvailableNo
Shares Outstanding250,000
Net Assets$5,817,725
Portfolio AdvisorTuttle Capital Management

Fund Documents

Fund Objective

FOMO (the “Fund”) seeks to provide capital appreciation. The Fund takes its name from the phrase “Fear of Missing Out” and seeks to reflect current or emerging trends. 

Principal Investment Strategy

In pursuing the Fund’s investment objective, the Fund will invest primarily in equity securities of U.S., foreign, and emerging market companies of any market capitalization and special purpose acquisition companies (“SPACs”). The Fund many invest in SPACs that have yet to complete a business combination transaction or companies that have completed a business combination transaction with a SPAC within the last two years. The Fund may also invest in equity exchange-traded funds (“ETFs”), fixed income ETFs, volatility and inverse volatility ETFs and ETNs, leveraged and inverse ETFs and ETNs. The Fund invests, on a short-term basis, in inverse and leveraged ETFs that seek to provide the inverse performance of stock indices, treasury bonds, and volatility ETFs.

Informed Agility

FOMO completely adheres to the principles of informed agility, which can be a strong methodology in managing money in today’s turbulent climate.

Cuts through Noise

FOMO helps cut through the chatter and market noise, which few investors have time to discern, to focus on what’s “important” news.

NAV & Market Price

As of: 12/06/2021

FOMO – Fund Holdings

As of: 12/06/2021
TickerSecurity DescriptionCUSIP% of FundSharesMarket Value
CASH AND CASH EQUIVALENTS2.36%137,116$137,116
MSFTMICROSOFT CORP5949181042.09%372$121,343
GOOGLALPHABET INC-CL A02079K3052.07%42$120,250
WMWASTE MANAGEMENT INC94106L1092.05%731$119,504
AGCBALTIMETER GROWTH CORP 2G0371B1092.04%11,900$118,762
COSTCOSTCO WHOLESALE CORP22160K1052.04%223$118,904
DCRNDECARBONIZATION PLUS ACQU2427941052.04%11,900$118,881
ABBVABBVIE INC00287Y1092.01%964$116,796
AAPLAPPLE INC0378331001.84%647$106,962
PLDPROLOGIS INC74340W1031.82%677$105,984
KRKROGER CO5010441011.82%2,351$106,054
VSTEVISTRA ENERGY CORP92840M1021.81%5,032$105,269
LRCXLAM RESEARCH CORP5128071081.81%158$105,474
LPXLouisiana-Pacific Corp5463471051.80%1,468$104,977
HDHOME DEPOT INC4370761021.80%252$104,756
CUBECUBESMART2296631091.77%1,893$102,979
LOWLOWES COS INC5486611071.77%410$102,984
ODFLOld Dominion Freight Line Inc.6795801001.75%288$101,701
NKENIKE INC -CL B6541061031.75%604$102,022
TSCOTRACTOR SUPPLY COMPANY8923561061.74%444$100,992
QCOMQUALCOMM INC7475251031.74%577$101,235
LNGCheniere Energy Inc16411R2081.72%949$99,996
MUMICRON TECHNOLOGY INC5951121031.72%1,216$100,259
DELLDELL TECHNOLOGIES -C W/I24703L2021.72%1,704$100,110
TMOTHERMO FISHER SCIENTIFIC INC8835561021.70%159$98,938
PWRQUANTA SERVICES INC74762E1021.68%863$97,484
STXSEAGATE TECHNOLOGY-ORDINARY SHARESG7997R1031.67%939$97,280
PFEPFIZER INC7170811031.66%1,878$96,679
TDToronto-Dominion Bank/The8911605091.66%1,307$96,757
ORLYOREILLY AUTOMOTIVE INC67103H1071.66%146$96,570
CVXCHEVRON CORP1667641001.66%830$96,454
CROXCROCS INC2270461091.64%601$95,499
NGCA USNEXTGEN ACQUISITION CORPG653171021.49%8,600$86,516
SBEA USSILVERBOX ENGAGED MERGER82836L1011.49%8,600$86,860
MCMJMERIDA MERGER CORP I58953M1061.48%8,600$86,086
PPGHPoema Global Holdings CorpG7154B1071.47%8,600$85,312
ZIMZIM INTEGRATED SHIPPING SERV COMMON STOCKM9T9511091.46%1,526$84,968
CHGGCHEGG INC1630921091.46%2,883$84,847
ACIAlbertsons Cos. Inc. Class A0130911031.45%2,289$84,258
RBACREDBALL ACQUISITION CORPG7417R1051.38%8,000$80,000
DVNDEVON ENERGY CORP25179M1031.38%1,900$80,484
DMYS USDMY TECHNOLOGY GROUP INC2332471051.37%8,000$79,600
FFORD MOTOR CO3453708601.36%4,109$78,975
SPAQSPARTAN ACQUISITION CORP84677R1061.36%8,000$79,360
CCVI USCHURCHILL CAPITAL CORP VI17143W1011.35%8,000$78,640
INTUINTUIT INC4612021031.35%122$78,731
NUENUCOR CORP6703461051.35%712$78,491
CFIVCF ACQUISITION CORP IV12520T1021.35%8,000$78,640
SEAHSPORTS ENTERTAINMENT ACQU84918M1061.34%7,570$77,971
UNFIUNITED NATURAL FOODS INC9111631031.32%1,573$76,747
PANWPALO ALTO NETWORKS INC6974351051.31%152$76,185
BCTX USBRIACELL THERAPEUTICS COR10778Y3021.30%7,956$75,821
TSLATesla Inc.88160R1011.30%75$75,676
DCRC USDECARBONIZATION PLUS ACQU24279D1051.29%6,657$74,891
RBLXROBLOX CORP CLASS A7710491031.29%662$74,972
DNUT USKRISPY KREME INC50101L1061.28%4,600$74,593
AMDADVANCED MICRO DEVICES INC0079031071.25%524$72,867
NVDANVIDIA CORP67066G1041.23%238$71,488
MRVL.UWMARVELL TECHNOLOGY GROUP LTD MRVL5738741041.04%709$60,570
GGPI USGORES GUGGENHEIM INC38286Q1071.01%4,795$58,499
CND USCONCORD ACQUISITION CORP2060711021.00%5,400$58,266
LACLITHIUM AMERICAS CORP COMMON STOCK0.97%1,725$56,339
IPOFSOCIAL CAPITAL HEDOSOPHIAG8251L1050.71%4,000$41,320
EJFA USEJF ACQUISITION CORPG2955B1090.68%4,000$39,640
IMCC USIM CANNABIS CORP44969Q2080.46%7,800$26,832
CFVICF ACQUISITION CORP VI12521J1030.22%1,000$12,700
DCGODocGo Inc2560861090.02%0$1,056
SAVACASSAVA SCIENCES INC COMMON STOCK14817C1070.01%0$513
LCID USLUCID GROUP INC5494981030.01%10$449
APSG/WSAPOLLO STRATEGIC GR -CW27G0411R1140.00%80$101
DOCUDocuSign Inc.2561631060.00%0$-267
ESSC USEAST STONE ACQUISITION COG2911D108-0.01%0$-295

Performance

As of: 11/30/20211 month3 months6 months1 yearYTDSince Inception
NAV-5.43%-6.64%-5.56%XX.XXXX.XX-3.47%
Market Price-5.29%-6.61%-5.70%XX.XXXX.XX-3.36%

Performance Disclosure

The 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 sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained above.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.

Market performance is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.

As of: 09/30/20211 month3 months6 months1 yearYTDSince Inception
NAV-7.51%-9.73XX.XXXX.XXXX.XX-4.38%
Market Price-7.69%-9.82XX.XXXX.XXXX.XX-4.48%

Performance Disclosure

The 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 sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained above.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.

Market performance is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.

Premium/Discount

As of: 12/06/2021
Premium/DiscountPremium (# of Days - Quarter)Discount (# of Days - Quarter)Premium/Discount (# of Days - Quarter)Premium/Discount (# of Days - YTD)Number of Days at 2%
-0.14%271946135None (0 days in the last year)

Frequency Distribution of Premiums and Discounts

(July 1, 2021 through September 30, 2021)*



Fund Total # of Days Fund Closed at Premium for the Quarter Total # of Days Fund Closed at Discount for the Quarter Total # of Days Fund Closed at Premium / Discount for the Quarter
The Fear of Missing Out ETF (FOMO) 31 32 63

*Fund Inception Date: 05/25/2021

Frequency Distribution of Premiums and Discounts

(January 1, 2021 through September 30, 2021)*



Fund Total # of Days Fund Closed at Premium for the Year Total # of Days Fund Closed at Discount for the Year Total # of Days Fund Closed at Premium / Discount for the Year
The Fear of Missing Out ETF (FOMO) 54 35 89

*Fund Inception Date: 05/25/2021

Supplemental Discussion

The Advisor will provide a discussion in the event the ETF’s premium or discount has been greater than 2% for seven consecutive trading days.

Disclosures

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information are contained in the prospectus. Please read the prospectus carefully before investing.

The principal risks of investing in FOMO include: 

Authorized Participant Risk: Only an Authorized Participant may engage in creation or redemption transactions directly with the Fund. 

ETF Risk: ETFs are subject to investment advisory fees and other expenses, which will be indirectly paid by the Fund. As a result, your cost of investing in the Fund will be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in securities. ETF shares may trade at a discount to or a premium above net asset value if there is a limited market in such shares. ETFs are also subject to brokerage and other trading costs, which could result in greater expenses to the Fund. Index-tracking ETFs in which the Fund invests will not be able to replicate exactly the performance of the indices they track because the total return generated by the securities will be reduced by transaction costs incurred in adjusting the actual balance of the securities or index. Each ETF is subject to specific risks, depending on its investments. 

ETN Risk: ETNs are unsecured contractual obligations issue by a bank or broker-dealer. Accordingly, ETNs are subject to the risk that the issuer bank or broker dealer will not fulfill its obligations, potentially resulting in losses to the Fund.

Fixed Income Risk: When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Other risk factors include credit risk (the debtor may default) and prepayment risk (the debtor may pay its obligation early, reducing the amount of interest payments). These risks could affect the value of a particular investment, possibly causing the Fund’s share price and total return to be reduced and fluctuate more than other types of investments. 

High Yield Risk: Lower-quality bonds, known as “high yield” or “junk” bonds, present greater risk than bonds of higher quality, including an increased risk of default. 

Large Capitalization Risk Stock Risk: Large-capitalization companies may be less able than smaller capitalization companies to adapt to changing market conditions. 

Management Risk: The ability of the Fund to meet its investment objective is directly related to the Adviser’s investment model. 

Market and Geopolitical Risk: The increasing interconnectivity between global economies and financial markets increases the likelihood that events or conditions in one region or financial market may adversely impact issuers in a different country, region or financial market. 

Portfolio Turnover Risk: A higher portfolio turnover will result in higher transactional and brokerage costs. 

Short Selling Risk: If a security sold short or other instrument increases in price, the Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss. 

Small and Medium Capitalization Stock Risk: The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. 

SPAC Risk: The Fund invests in companies that have completed a business combination transaction with a SPAC as well as SPACs that have not yet completed a business combination transaction. SPACs are companies may be unseasoned and lack a trading or operational history, a track record of reporting to investors, and widely available research coverage. Public stockholders of SPACs may not be afforded a meaningful opportunity to vote on a proposed initial business combination because certain stockholders, including stockholders affiliated with the management of the SPAC, may have sufficient voting power, and a financial incentive, to approve such a transaction without support from public stockholders. As a result, a SPAC may complete a business combination even though a majority of its public stockholders do not support such a combination. In addition, SPAC-derived companies may share similar illiquidity risks of private equity and venture capital. The free float shares held by the public in a SPAC-derived company are typically a small percentage of the market capitalization. The ownership of many SPAC-derived companies often includes large holdings by venture capital and private equity investors who seek to sell their shares in the public market in the months following a business combination transaction when shares restricted by lock-up are released, causing greater volatility and possible downward pressure during the time that locked-up shares are released.