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Elkhorn Commodity Rotation Strategy ETF (DWAC)
Fund Details
Ticker
DWAC
Intraday NAV
DWAC.IV
CUSIP
287711816
ISIN
US2877118164
Inception
9/21/2016
Expense Ratio
0.99%
Exchange
Nasdaq
Number of Commodities
6
 
 Fund Literature
 
Index Details
Rebalance Frequency
Monthly
Weighting
Equal
 
Trading Details
NAV
$24.11
Bid/Ask Midpoint
$24.14
Premium/Discount
$0.03 / 0.13%
Closing Price
$24.15
Volume
478
Shares Outstanding
250,002
Market Value
$6,027,470
As of 3/23/2017
The first Dorsey Wright commodity exchange-traded fund. No K-1.
The Elkhorn Commodity Rotation Strategy ETF is a momentum-based, actively managed ETF that uses Dorsey Wright & Associates' proprietary Relative Strength methodology to select the five commodities with the highest relative strength from a universe of 21 commodities and adds a mix of short duration, highly liquid, high quality bonds. The portfolio is designed to be a tactical, momentum-based commodity strategy with a modified dynamic roll methodology.
Top Holdings
As of 3/23/2017
NameExpiry DateCommodity SectorWeight
ZincJuly, 2017Base Metals19.47%
AluminumDecember, 2017Base Metals19.42%
CopperDecember, 2018Base Metals18.00%
Heating OilDecember, 2017Energy17.22%
RBOB GasolineSeptember, 2017Energy17.20%
CopperDecember, 2018Base Metals1.04%
Subject to change
Performance
As of 12/30/2016
  YTD 1 yr 3 yr 5 yr 10 yr Since Inception
Fund NAV - - - - - -1.43%
Fund Share Price - - - - - -1.66%
Elkhorn Dorsey Wright Commodity Rotation Index - - - - - -0.39%
S&P GSCI Index - - - - - 10.08%
Share price returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. Returns less than one year are cumulative. Call 630.355.4676 for current month-end performance.
Commodity Sector Allocation
As of 3/23/2017
Commodity Sector
Weight
Base Metals
57.93%
Energy
34.41%
Subject to change
Holdings
As of 3/23/2017 Export Holdings
NameExpiry DateCommodity SectorWeightMarket Value
ZincJuly, 2017Base Metals19.47%$1,267,875.00
AluminumDecember, 2017Base Metals19.42%$1,264,737.50
CopperDecember, 2018Base Metals18.00%$1,172,400.00
Heating OilDecember, 2017Energy17.22%$1,121,408.40
RBOB GasolineSeptember, 2017Energy17.20%$1,119,909.00
CopperDecember, 2018Base Metals1.04%$68,025.00
CollateralWeight
United States Treasury Bills 4/20/201720.40%
United States Treasury Bills 5/18/201720.39%
United States Treasury Bills 5/25/201720.39%
United States Treasury Bills 6/22/201718.34%
Georgia Power Co 6/1/20174.11%
Comcast Cable Communications 5/1/20174.11%
Burlington North Santa Fe 5/1/20174.10%
United Technologies Corp 6/1/20174.09%
Pfizer Inc 5/15/20174.08%
Subject to change
Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Gains Long Term Gains Return of Capital Total Distribution
This fund has not made any distributions.
IMPORTANT RISK INFORMATION
There are risks involved with investing in ETFs, including possible loss of money. The fund is actively managed. Shares are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. There can be no assurance that the fund's investment objective will be achieved.
Because the fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund. The fund may invest in commodity futures contracts traded on non-U.S. exchanges or enter into over the-counter derivative contracts with non-U.S. counterparties. The fund is subject to counterparty risk, options risk, pooled investment vehicle risk, swaps risk and more.
The fund seeks to provide investors with total return.
The S&P GSCI Index comprises the principal physical commodities of active, liquid futures markets and is recognized as a leading measure of general price movements and inflation in the world economy. S&P® is a registered trademark of Standard & Poor's Financial Services LLC (S&P). One cannot invest directly in an index.
This fund is new and has a limited operating history.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00pm eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times.
Shares are not individually redeemable and owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Units only, typically consisting of 50,000 Shares.
An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus containing this and other information, please call 630.384.8700 or visit www.elkhorn.com. Read the prospectus carefully before investing.
ALPS Distributors, Inc. is the distributor of Elkhorn exchange-traded funds.