BOXX: 1-3 Month Box ETF

THE STRATEGY SEEKS TO BE A TAX-EFFICIENT CASH MANAGEMENT TOOL

Fund Yield Statistics

  1. “Average Days to Option Expiration” is the market value-weighted days until expiration of all option positions where the number of days is equal to the number of settlement days of the latest option position as of the purchase date if held to its expiration date.
  2. “Average Years to Option Expiration” is the average “Days to Option Expiration” expressed in number of years.
  3. “Average Yield to Option Expiration” is the anticipated annualized market value-weighted average return of the latest option positions transacted by the Fund (and representative of its holdings) if held to their expiration date using the number of settled days for each option excluding any fees, expenses or commissions.

Fund Overview

The Adviser has contractually agreed to waive receipt of its management fees and/or assume expenses of the Fund so that the total annual operating expenses of the Fund (excluding payments under the Fund’s Rule 12b-1 distribution and service plan (if any), acquired fund fees and expenses, brokerage expenses, taxes (including tax-related services), interest (including borrowing costs), litigation expense (including class action-related services) and other non-routine or extraordinary expenses) do not exceed 0.1949% of the Fund’s average daily net assets. This agreement will remain in place until January 31, 2025 and may only be terminated by the Board of Trustees.

Fund Performance

Monthly End Performance (%)

As of Date
01/31/2024

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

The performance data quoted represents past performance and does not guarantee future results. 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. Current performance may be higher or lower than the performance quoted. Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times. 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.

Quarterly End Performance (%)

As of Date
12/31/2023

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

The performance data quoted represents past performance and does not guarantee future results. 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. Current performance may be higher or lower than the performance quoted. Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times. 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.

Fund Holdings

Effective Date
02/29/2024

Fund holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.

Note that a “2” or “4” leading an Index option symbol or a “2” leading an equity option symbol denotes a European Exercise Style. For example, “2BKNG 230818C00095020,” would imply the option is a European Exercise Style option. Please see here for more information.

Fund Distributions

Fund Documentation