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Elkhorn Multi-Asset Income Portfolio of ETFs
Portfolio Summary
Inception Date
7/8/2015
Ending Date
7/11/2017
Term
2 yrs
Status
Secondary
Initial Offer Price
$10.00
Ticker
ELKIAX
CUSIPs
28776M104 (c)
28776M112 (r)
Fee Cusips
28776M120 (c)
28776M138 (r)
Number of Holdings
19
Distribution Frequency
Monthly
 
Pricing Details
NAV
$9.411
Offer
$9.798
Liquidation
$9.411
As of 4/25/2017
 
The Elkhorn Multi-Asset Income Portfolio of ETFs utilizes ETFs to invest equally among high yielding common stocks, U.S. high-yield bonds, international investment-grade and high-yield bonds, MLPs, preferred securities and REITs. Diversifying across multiple asset classes may reduce the overall risk of the Portfolio while maintaining high monthly income. Unlike a traditional portfolio of closed-end funds (CEFs), a portfolio of ETFs offers investors a unique combination of diversified, non-leveraged and low-cost investing.
Top 10 Holdings
As of 4/25/2017
Global X MLP ETF6.96%   PowerShares Preferred Portfolio5.80%
Alerian MLP ETF6.90%   PowerShares KBW High Dividend Yield Financial Portfolio5.71%
PowerShares KBW Premium Yield Equity REIT Portfolio6.81%   Global X SuperDividend U.S. ETF5.63%
Market Vectors Mortgage REIT Income ETF6.19%   iShares U.S. Preferred Stock ETF5.58%
6.03%   Global X Super Dividend ETF5.40%
Subject to change
Pricing Summary
As of 4/25/2017
Volume Breakpoints¹
Less than $50,000
3.95%
$50,000 - $99,999
3.70%
$100,000 - $249,999
3.45%
$250,000 - $499,999
3.10%
$500,000 - $999,999
2.95%
$1,000,000 or more
2.45%
 
Sales Charges
Up-Front
1.00%
Deferred²
2.45%
Creation & Development Fee
0.50%
Total
3.95%
Sales charge is based on a $10 per unit offering
Holdings
As of 4/25/2017 Export Holdings
TickerNameWeight
MLPA Global X MLP ETF6.96%
AMLP Alerian MLP ETF6.90%
KBWY PowerShares KBW Premium Yield Equity REIT Portfolio6.81%
MORT Market Vectors Mortgage REIT Income ETF6.19%
REM  6.03%
PGX PowerShares Preferred Portfolio5.80%
KBWD PowerShares KBW High Dividend Yield Financial Portfolio5.71%
SDIV Global X SuperDividend U.S. ETF5.63%
PFF iShares U.S. Preferred Stock ETF5.58%
DIV Global X Super Dividend ETF5.40%
SPFF Global X SuperIncome Preferred ETF5.23%
EMHY iShares Emerging Markets High Yield Bond ETF4.45%
HYEM Market Vectors Emerging Markets High Yield Bond ETF4.36%
IHY Market Vectors International High Yield Bond ETF4.34%
HYG iShares iBoxx $ High Yield Corporate Bond ETF4.16%
EMLC Market Vectors Emerging Markets Local Currency Bond ETF4.15%
SJNK SPDR Barclays Short Term High Yield Bond ETF4.11%
HYLS First Trust Tactical High Yield ETF4.11%
JNK SPDR Barclays High Yield Bond ETF4.08%
Subject to change
Ex-Dividend Date Record Date Payable Date Principal Distribution Income/Interest Distribution Total Distribution
4/6/2017 4/10/2017 4/25/2017 $0.0000 $0.0395 $0.0395
3/8/2017 3/10/2017 3/25/2017 $0.0000 $0.0449 $0.0449
12/7/2016 12/10/2016 12/25/2016 $0.0000 $0.0380 $0.0380
11/8/2016 11/10/2016 11/25/2016 $0.0000 $0.0405 $0.0405
10/5/2016 10/10/2016 10/25/2016 $0.0000 $0.0576 $0.0576
9/7/2016 9/10/2016 9/25/2016 $0.0000 $0.0394 $0.0394
8/8/2016 8/10/2016 8/25/2016 $0.0000 $0.0406 $0.0406
7/6/2016 7/10/2016 7/25/2016 $0.0000 $0.0368 $0.0368
6/8/2016 6/10/2016 6/25/2016 $0.0000 $0.0626 $0.0626
5/6/2016 5/10/2016 5/25/2016 $0.0000 $0.0313 $0.0313
4/6/2016 4/10/2016 4/25/2016 $0.0000 $0.0433 $0.0433
3/8/2016 3/10/2016 3/25/2016 $0.0000 $0.0589 $0.0589
2/8/2016 2/10/2016 2/25/2016 $0.0000 $0.0285 $0.0285
1/8/2016 1/10/2016 1/25/2016 $0.0000 $0.0205 $0.0205
12/29/2015 12/31/2015 1/8/2016 $0.0000 $0.0437 $0.0437
12/8/2015 12/10/2015 12/25/2015 $0.0000 $0.0523 $0.0523
11/6/2015 11/10/2015 11/25/2015 $0.0000 $0.0206 $0.0206
10/7/2015 10/10/2015 10/25/2015 $0.0000 $0.0438 $0.0438
9/8/2015 9/10/2015 9/25/2015 $0.0000 $0.0488 $0.0488
Subject to change
Fund Materials
Fact Sheet
Fund Documents
Propectus
¹ As a % of the Public Offering Price
² The deferred sales charge (DSC) will be deducted in monthly installments on the last business day commencing Feb. 29, 2016 and ending Apr. 29, 2016. If units are redeemed prior to the DSC period, the entire DSC will be collected. For unit prices other than $10, percentages of initial sales charge, the creation and development fee and DSCs will vary. Early redemption of units will still cause payment of the DSC.
IMPORTANT RISK INFORMATION
Certain ETFs held by the Portfolio invest in domestic common stocks and U.S.-listed foreign securities. The value of the Portfolio’s units will fluctuate with changes in the value of these common stocks. Common stock prices fluctuate for several reasons including changes in investors’ perceptions of the financial condition of an issuer or the general condition of the relevant stock market, such as the current market volatility, or when political or economic events affecting the issuers occur.
ETFs held by the Portfolio will generally hold, and may continue to buy securities even though a security’s outlook, rating, market value or yield may have changed. As with all investments, you may lose some or all of your investment in the Portfolio.
Certain ETFs held by the Portfolio invest in securities issued by small- and mid-cap companies. These securities customarily involve more investment risk than securities of large-cap companies. Small- and mid-cap companies may have limited product lines, markets or financial resources and may be more vulnerable to adverse general market or economic developments.
Certain ETFs held by the Portfolio invest in Master Limited Partnerships (MLPs) which typically operate in the energy, natural resources or real estate sectors. MLPs are subject to the risks generally applicable to companies in the energy and natural resources sectors, including commodity pricing risk, supply and demand risk, depletion risk and exploration risk.
Certain ETFs held by the Portfolio invest in real estate investment trusts (REITs). Investments in REITs may be affected by economic, legal, cultural, environment or technological factors that affect the property values, rents or occupancies of real estate.
Read the Portfolio's prospectus carefully before investing. It contains the Portfolio's investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing.