VMOT: Value Momentum Trend ETF
OverviewVMOT ETF Overview
Fee Disclosures
- When a cash dividend is declared on a stock the Fund has sold short, the Fund is required to pay an amount equal to that dividend to the party from which the Fund borrowed the stock and to record the payment of the dividend as an expense.
- Acquired Fund Fees and Expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, including the Alpha Architect ETFs.
- The Fund’s investment adviser has contractually agreed to waive all or a portion of its management fee for VMOT until at least January 31, 2025 to the extent necessary to prevent (i) management fees paid to the investment adviser for the Fund plus (ii) the aggregate amount of management fees paid to the investment adviser for management of the Alpha Architect ETFs (defined below) that are directly attributable to the Fund’s ownership of shares of the Alpha Architect ETFs, from exceeding 0.69% of the Fund’s daily net assets. This waiver agreement may be terminated only by agreement of the investment adviser and the Fund’s Board of Trustees.
- Excluding Other Expenses, the Fund’s Total Net Annual Fund Operating Expenses are 0.69%
- The Adviser has contractually agreed to waive receipt of its management fees and/or assume expenses of BOXX 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 November 21, 2024 and may not be terminated prior to its one year term.
- The Adviser has contractually agreed to waive receipt of its management fees and/or assume expenses of CAOS, including any acquired fund fees or expenses (“AFFE”) related to the Fund’s investment in the Alpha Architect 1-3 Month Box ETF 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), 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 0.63% of the Fund’s average daily net assets. Any AFFE associated with Fund investments in any other acquired funds are not included in the fee waiver. This agreement may only be changed or terminated by a vote of the holders of a majority of the Fund’s outstanding voting securities.
| Period |
|---|
| 12/05/2023 |
| 12/31/2021 |
| 12/30/2022 |
Completed Calendar Quarters of Current Year
Most Recent Completed Calendar Year
| As of Date | 30-Day Median Bid/Ask Spread |
|---|---|
| 12/04/2023 | 0.35 |
VMOT ETF Performance
Monthly End Performance (%)
| As of Date |
|---|
| 11/30/2023 |
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.
Quarterly End Performance (%)
| As of Date |
|---|
| 09/30/2023 |
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.
VMOT ETF Holdings
| Effective Date |
|---|
| 12/06/2023 |
Fund holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.
VMOT ETF Distributions
VMOT ETF Documentation
VMOT Trend Strategy Information
Contact UsVMOT Strategy Constituents
VMOT Strategy Trend Following Signals
Calculation Notes:
Domestic Equity Signal
The strategy will engage in hedging of its U.S. portfolio by shorting a representative broad-based U.S. securities index ETF when either one or both of the following conditions are met. First, the strategy will hedge if the U.S. equity markets’ total return over a rolling twelve calendar month period is less than or equal to U.S. Treasury bill returns over the same period. Second, the strategy will hedge when the U.S. equity markets’ twelve-month moving average exceeds current prices. There is a 50 percent weight to each rule. If both rules are triggered the strategy’s U.S. equity portfolio will be fully hedged; if one rule is triggered the strategy’s U.S. equity portfolio will be 50 percent hedged; and if no rules are triggered the strategy’s U.S. equity portfolio will have no hedge.
International Equity Signal
The strategy will engage in hedging of its international portfolio by shorting a representative broad based international securities index ETF when either one or both of the following conditions are met. First, the strategy will hedge if the international equity markets’ total return over a rolling twelve calendar month period is less than or equal to the returns of the U.S. Treasury bill over the same period. Second, the strategy will hedge when the international equity markets’ twelve-month moving average exceeds current prices. There is a 50 percent weight to each rule. If both rules are triggered the strategy’s international equity portfolio will be fully hedged; if one rule is triggered the strategy’s international equity portfolio will be 50 percent hedged; and if no rules are triggered the strategy’s international equity portfolio will have no hedge.
Strategy Date
“Strategy Date” is the Day the the Advisor publishes the constituents/weights of the Strategy that will reflect the hedge position. The strategy is effective before market open on the strategy Date.
