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Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SonicShares Global Shipping ETF

BOAT | ETF

$32.48

$46.1 M

5.99%

$1.94

0.69%

Vitals

YTD Return

12.9%

1 yr return

21.9%

3 Yr Avg Return

17.5%

5 Yr Avg Return

N/A

Net Assets

$46.1 M

Holdings in Top 10

52.8%

52 WEEK LOW AND HIGH

$32.4
$27.22
$38.72

Expenses

OPERATING FEES

Expense Ratio 0.69%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SonicShares Global Shipping ETF

BOAT | ETF

$32.48

$46.1 M

5.99%

$1.94

0.69%

BOAT - Profile

Distributions

  • YTD Total Return 12.9%
  • 3 Yr Annualized Total Return 17.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 6.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    SonicShares Global Shipping ETF
  • Fund Family Name
    N/A
  • Inception Date
    Aug 03, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Charles Ragauss

Fund Description

p id="xdx_A81_err--StrategyNarrativeTextBlock_zL9bN6uGUjCl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"The Fund uses a “passive management” (or indexing) approach to track the performance, before fees and expenses, of the Index. The Index was developed in 2021 and is administered by Solactive AG (the “Index Provider”)./p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"iSolactive Global Shipping Index/i/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"The Index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry, as described in more detail below./p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"The Index’s initial investable universe consists of equity securities and depositary receipts (including American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”)) of companies listed on exchanges in Australia, Brazil, Canada, Hong Kong, Israel, Japan, Mexico, New Zealand, Norway, Republic of South Korea, Singapore, Switzerland, United Kingdom, United States of America, or any member country of the European Union. To qualify for initial inclusion in the Index, companies must have a minimum market capitalization of $250 million and a minimum three-month average daily traded volume of $1 million./p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"To further qualify for inclusion in the Index, companies that meet the initial criteria are classified to identify those companies within one of the following sub-industries, according to the FactSet Revere Business and Industry Classification System (“FactSet RBICS”) (hereinafter, “Global Shipping Companies”):/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" tr style="vertical-align: top" td style="width: 36px" /td td style="width: 36px"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"•/span/td td style="text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"Container Deep Sea and Offshore Shipping: Companies that transport goods in containers, including roll on/roll off vessels, which are designed to accommodate cargo driven directly aboard, such as autos and trucks/trailers;/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0" /p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" tr style="vertical-align: top" td style="width: 36px" /td td style="width: 36px"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"•/span/td td style="text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"Multi-Type Deep Sea and Offshore Shipping: Companies that transport dry bulk (e.g. coal, iron-ore, grain and fertilizer) and other non-petroleum cargo across oceans;/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0" /p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" tr style="vertical-align: top" td style="width: 36px" /td td style="width: 36px"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"•/span/td td style="text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"Dry Bulk Deep Sea and Offshore Shipping: Companies that transport a variety of dry bulk, including coal, grain, ore and fertilizer;/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0" /p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" tr style="vertical-align: top" td style="width: 36px" /td td style="width: 36px"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"•/span/td td style="text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"Crude Oil Transportation: Companies that transport crude oil; /span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0" /p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" tr style="vertical-align: top" td style="width: 36px" /td td style="width: 36px"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"•/span/td td style="text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"Liquid Natural Gas Transportation: Companies that operate fleets which transport liquid natural gas;/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0" /p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" tr style="vertical-align: top" td style="width: 36px" /td td style="width: 36px"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"•/span/td td style="text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"Refined Petroleum and Other Liquid Transportation: Companies that transport refined petroleum products, including gasoline, diesel, liquid petroleum gas), as well as other non-petroleum liquids, such as edible oils; or/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0" /p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" tr style="vertical-align: top" td style="width: 36px" /td td style="width: 36px"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"•/span/td td style="text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"Multi-Type Petroleum Transportation: Companies that transport petroleum products using barges or very large crude carriers. /span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"FactSet RBICS is a comprehensive structured taxonomy designed to offer precise classification of global companies. For a company to be included in a FactSet RBICS sub-industry, the company must derive 50% or more of its revenue from such sub-industry./p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="-sec-ix-redline: true"The Index is reconstituted three Thursdays prior to the third Friday of June and of December (or the next business day if this falls on a non-business day) (the “Selection Day”) and adjustments are made on the third Friday of June and of December (or the next business day if this falls on a non-business day). At the time of each reconstitution, the component securities that make up the Index (the “Index Components”) are weighted whereby each of the eight largest components by market capitalization will be assigned an Index weight of 5%. The remaining Index Components are weighted based on their market capitalizations as well as average daily trading volume, subject to a maximum Index weight of 4% for each component./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="-sec-ix-redline: true"The weights of the Index Components are determined on the Selection Day and such weights float with the price of the components from the Selection Day forward until the next Selection Day./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="-sec-ix-redline: true"An Index Component will be removed from the Index if, on Selection Day, it does not have a market capitalization of at least $125 million./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="-sec-ix-redline: true"As of June 30, 2024, the Index was comprised of 49 components and companies in the water transportation industry comprised 100% of the Index./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"iThe Fund’s Investment Strategy/i/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="-sec-ix-redline: true"The Fund will invest all, or substantially all, of its assets in the Index Components./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--StrategyPortfolioConcentration_c20240726__20240726__dei--LegalEntityAxis__custom--S000072647Member_z71D3S2TG44k"Under normal circumstances, at least 80% of the Fund’s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies, as defined above./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"The Fund will concentrate its investments in a particular industry or group of industries (i.e., hold more than 25% of its total assets in the securities of a particular industry or group of related industries) to approximately the same extent as the Index is so concentrated./p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"The Fund will generally use a “replication” strategy to achieve its investment objective, meaning it generally will invest in all of the Index Components. However, the Fund may use a “representative sampling” strategy, meaning it may invest in a sample of the Index Components whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole, when the Fund’s investment adviser believes it is in the best interests of the Fund (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index Component becomes temporarily illiquid, unavailable, or less liquid, or as a result of legal restrictions or limitations that apply to the Fund, but not to the Index)./p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"The Fund also may invest in securities or other investments not included in the Index, but which the Fund’s investment adviser believes will help the Fund track the Index. For example, the Fund may invest in securities that are not Index Components to reflect various corporate actions and other changes to the Index (such as reconstitutions, additions, and deletions). /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify" /p
Read More

BOAT - Performance

Return Ranking - Trailing

Period BOAT Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -18.1% 17.3% 23.26%
1 Yr 21.9% -20.9% 22.1% N/A
3 Yr 17.5%* -0.4% 27.1% N/A
5 Yr N/A* -4.4% 14.0% N/A
10 Yr N/A* 0.1% 15.0% N/A

* Annualized

Return Ranking - Calendar

Period BOAT Return Category Return Low Category Return High Rank in Category (%)
2023 7.7% -42.9% 23.1% N/A
2022 -6.6% -100.0% 15.6% N/A
2021 N/A -4.7% 39.8% N/A
2020 N/A -29.1% 9.0% N/A
2019 N/A -7.2% 14.3% N/A

Total Return Ranking - Trailing

Period BOAT Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -35.8% 17.3% 88.37%
1 Yr 21.9% -20.9% 99.6% N/A
3 Yr 17.5%* -0.4% 27.1% N/A
5 Yr N/A* -4.4% 18.7% N/A
10 Yr N/A* 3.4% 15.0% N/A

* Annualized

Total Return Ranking - Calendar

Period BOAT Return Category Return Low Category Return High Rank in Category (%)
2023 24.4% -42.9% 23.1% N/A
2022 6.3% -100.0% 15.6% N/A
2021 N/A -4.7% 39.8% N/A
2020 N/A -29.1% 9.0% N/A
2019 N/A -7.2% 14.3% N/A

BOAT - Holdings

Concentration Analysis

BOAT Category Low Category High BOAT % Rank
Net Assets 46.1 M 2.01 M 13.7 B 77.78%
Number of Holdings 51 24 375 56.25%
Net Assets in Top 10 31.1 M 3.83 K 5.66 B 68.75%
Weighting of Top 10 52.84% 14.2% 74.8% 33.33%

Top 10 Holdings

  1. Mount Vernon Liquid Assets Portfolio, LLC 10.79%
  2. AP Moller - Maersk A/S 5.08%
  3. SITC International Holdings Co Ltd 4.99%
  4. HMM Co Ltd 4.92%
  5. Kawasaki Kisen Kaisha Ltd 4.71%
  6. COSCO SHIPPING Holdings Co Ltd 4.65%
  7. Mitsui OSK Lines Ltd 4.64%
  8. Orient Overseas International Ltd 4.50%
  9. Matson Inc 4.39%
  10. Wallenius Wilhelmsen ASA 4.18%

Asset Allocation

Weighting Return Low Return High BOAT % Rank
Stocks 		99.40% 96.71% 100.04% 85.42%
Cash 		11.41% -0.04% 4.05% 18.75%
Preferred Stocks 		0.00% 0.00% 0.00% 29.17%
Other 		0.00% -3.61% 0.37% 33.33%
Convertible Bonds 		0.00% 0.00% 0.00% 29.17%
Bonds 		0.00% 0.00% 0.00% 29.17%

Stock Sector Breakdown

Weighting Return Low Return High BOAT % Rank
Utilities 		0.00% 0.00% 12.67% 43.75%
Technology 		0.00% 0.00% 43.08% 89.58%
Real Estate 		0.00% 0.00% 7.67% 39.58%
Industrials 		0.00% 9.02% 100.00% 52.08%
Healthcare 		0.00% 0.00% 7.75% 43.75%
Financial Services 		0.00% 0.00% 19.45% 10.42%
Energy 		0.00% 0.00% 13.31% 2.08%
Communication Services 		0.00% 0.00% 35.43% 52.08%
Consumer Defense 		0.00% 0.00% 3.96% 39.58%
Consumer Cyclical 		0.00% 0.00% 60.78% 87.50%
Basic Materials 		0.00% 0.00% 16.73% 58.33%

Stock Geographic Breakdown

Weighting Return Low Return High BOAT % Rank
Non US 		61.35% 0.00% 85.60% 4.17%
US 		38.05% 13.19% 100.04% 97.92%

BOAT - Expenses

Operational Fees

BOAT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.08% 2.43% 38.78%
Management Fee 0.69% 0.03% 0.85% 86.96%
12b-1 Fee N/A 0.00% 1.00% 25.00%
Administrative Fee N/A 0.15% 0.25% N/A

Sales Fees

BOAT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

BOAT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BOAT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 205.00% 37.84%

BOAT - Distributions

Dividend Yield Analysis

BOAT Category Low Category High BOAT % Rank
Dividend Yield 5.99% 0.00% 8.82% 2.04%

Dividend Distribution Analysis

BOAT Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

BOAT Category Low Category High BOAT % Rank
Net Income Ratio N/A -1.16% 11.51% 2.44%

Capital Gain Distribution Analysis

BOAT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

BOAT - Fund Manager Analysis

Managers

Charles Ragauss

Start Date

Tenure

Tenure Rank

Aug 03, 2021

0.82

0.8%

Mr. Ragauss currently serves as Director of Product Management at CSat Investment Advisory, having joined the it in April 2016. Prior to joiningCSat Investment Advisory, Mr. Ragauss was Assistant Vice President at Huntington National Bank (“Huntington”), where he was Product Manager for the Huntington Funds and Huntington Strategy Shares ETFs, a combined fund complex of almost $4 billion in assets under management. At Huntington, he led ETF development bringing to market some of the first actively managed ETFs. Mr. Ragauss joined Huntington in 2010. Mr. Ragauss attended Grand Valley State University where he received his Bachelor of Business Administration in Finance and International Business, as well as a minor in French. He is a member of both the National and West Michigan CFA societies and holds the CFA designation.

Michael Venuto

Start Date

Tenure

Tenure Rank

Aug 03, 2021

0.82

0.8%

Mr. Venuto is a co-founder and has been the Chief Investment Officer of the Toroso Investments, LLC since 2012. Mr. Venuto is an ETF industry veteran with over a decade of experience in the design and implementation of ETF-based investment strategies. Previously, he was Head of Investments at Global X Funds where he provided portfolio optimization services to institutional clients. Before that, he was Senior Vice President at Horizon Kinetics where his responsibilities included new business development, investment strategy and client and strategic initiatives.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.42 24.18 8.82 3.5

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