DriveWealth Power Saver ETF
Name
As of 07/01/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-5.8%
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$22.3 M
Holdings in Top 10
91.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.14%
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 07/01/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
EERN - Profile
Distributions
- YTD Total Return -18.2%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.25%
- Dividend Yield 13.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDriveWealth Power Saver ETF
-
Fund Family NameRBB Funds
-
Inception DateJul 26, 2021
-
Shares Outstanding1060000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRyan Dofflemeyer
Fund Description
The Fund invests generally in a diversified portfolio of securities of unaffiliated exchange-traded funds (“ETFs” or “Underlying Funds”). Underlying Funds will invest in income producing securities, including money market funds, corporate securities and municipal debt of any rating. To a limited extent, the Fund may also invest in direct investments.
Under normal market conditions, YieldX Advisers, LLC (the “Sub-Adviser”) seeks to manage the Fund to a net 8% SEC yield or distribution yield. The Sub-Adviser maintains a large database of eligible securities and their associated yields and expected risk profiles that is updated daily. If the yield of the portfolio falls below the target range, the Sub-Adviser may sell those Underlying Funds and capture the gain, if applicable, and reallocate to Underlying Funds that meet the target range. If yields go above the target range, the Sub-Adviser will assess the risk profile of the portfolio and may decide to sell those Underlying Funds and reallocate to other Underlying Funds to meet the target range with a lower risk profile. When determining whether to sell or hold Underlying Funds that have fallen outside the target yield range, the Sub-Adviser will consider the market and security-specific environment that led to the shift in yield, the relative risk-adjusted attractiveness of other Underlying Funds that could potentially replace the existing Underlying Funds in the portfolio and the tax implications of the transaction. There is no guarantee that the Fund will achieve its yield target at any given point in time. The Sub-Adviser may elect to maintain a lower yield profile for a period of time if it determines that current short-term market conditions are not advantageous to maintaining the Fund’s stated yield target.
Under normal market conditions, the Fund will invest primarily in Underlying Funds focusing on the following types of securities, including but not limited to:
● | Investment grade and high yield corporate bonds; |
● | Asset-backed and mortgage-back securities; |
● | Emerging markets securities; |
● | United States government securities; |
● | Sovereign debt; and |
● | Preferred securities. |
The Underlying Funds may invest in securities that have not been registered under the Securities Act of 1933, but that may be resold to qualified institutional buyers in accordance with the provisions of Rule 144A under the Securities Act of 1933 (“Rule 144A Securities”).
Restricted securities, including Rule 144A Securities, are securities that have not been publicly issued and legally can be resold only to qualified buyers. Rule 144A Securities will not be considered illiquid if the Underlying Fund determines that an adequate trading market exists for the securities.
The Fund may invest up to 15% of its net assets in securities that are deemed to be illiquid, which may include private placements, certain Rule 144A securities (which are subject to resale restrictions), and securities of issuers that are bankrupt or in default. The Fund may actively and frequently trade the Fund’s holdings.
The Fund has no investment policy or restrictions regarding the duration or maturity of the securities it invests in or its portfolio in the aggregate.
EERN - Performance
Return Ranking - Trailing
Period | EERN Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -5.8% | -29.3% | 17.7% | 23.59% |
1 Yr | N/A | -20.6% | 24.2% | N/A |
3 Yr | N/A* | -12.2% | 16.2% | N/A |
5 Yr | N/A* | -16.3% | 10.3% | N/A |
10 Yr | N/A* | -12.8% | 11.8% | N/A |
* Annualized
Return Ranking - Calendar
Period | EERN Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -26.6% | 25.7% | N/A |
2022 | N/A | -49.2% | 314.3% | N/A |
2021 | N/A | -35.1% | 16.7% | N/A |
2020 | N/A | -48.0% | 10.9% | N/A |
2019 | N/A | -14.8% | 11.2% | N/A |
Total Return Ranking - Trailing
Period | EERN Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -18.2% | -34.5% | 28.6% | 95.84% |
1 Yr | N/A | -21.2% | 38.5% | N/A |
3 Yr | N/A* | -13.9% | 16.2% | N/A |
5 Yr | N/A* | -17.3% | 10.3% | N/A |
10 Yr | N/A* | -13.3% | 11.8% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | EERN Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -26.6% | 25.7% | N/A |
2022 | N/A | -49.2% | 314.3% | N/A |
2021 | N/A | -35.1% | 16.7% | N/A |
2020 | N/A | -48.0% | 10.9% | N/A |
2019 | N/A | -14.8% | 15.2% | N/A |
EERN - Holdings
Concentration Analysis
EERN | Category Low | Category High | EERN % Rank | |
---|---|---|---|---|
Net Assets | 22.3 M | 100 | 124 B | 95.55% |
Number of Holdings | 13 | 2 | 8175 | 92.51% |
Net Assets in Top 10 | 20.4 M | -1.57 B | 20.5 B | 74.33% |
Weighting of Top 10 | 90.98% | 4.3% | 100.0% | 6.71% |
Top 10 Holdings
- Brookfield Real Assets Income Fund Inc. 16.21%
- PIMCO High Income 16.05%
- PIMCO Dynamic Income 15.14%
- Western Asset Global High Inc 15.02%
- Doubleline Opportunistic Credit 14.91%
- PIMCO Corporate & Income Opps 11.16%
- Guggenheim Strategic Opp Fund 10.89%
- EV Limited Duration Income 10.06%
- Nuveen Real Estate Income 7.31%
- PIMCO Income Strategy Fund II 7.18%
Asset Allocation
Weighting | Return Low | Return High | EERN % Rank | |
---|---|---|---|---|
Bonds | 78.40% | -150.81% | 188.92% | 70.05% |
Stocks | 33.51% | -38.22% | 261.12% | 0.67% |
Preferred Stocks | 4.68% | 0.00% | 31.88% | 4.28% |
Convertible Bonds | 1.15% | 0.00% | 33.50% | 51.74% |
Other | 0.22% | -25.82% | 276.99% | 16.31% |
Cash | -17.97% | -261.12% | 258.91% | 94.39% |
Stock Sector Breakdown
Weighting | Return Low | Return High | EERN % Rank | |
---|---|---|---|---|
Financial Services | 62.72% | 0.00% | 100.00% | 10.34% |
Real Estate | 24.53% | 0.00% | 100.00% | 11.54% |
Utilities | 5.50% | 0.00% | 100.00% | 18.75% |
Industrials | 3.12% | 0.00% | 100.00% | 36.30% |
Energy | 2.54% | 0.00% | 100.00% | 65.87% |
Communication Services | 1.46% | 0.00% | 100.00% | 37.74% |
Technology | 0.07% | 0.00% | 33.40% | 33.89% |
Consumer Cyclical | 0.05% | 0.00% | 89.95% | 47.12% |
Consumer Defense | 0.01% | 0.00% | 99.97% | 38.46% |
Healthcare | 0.00% | 0.00% | 18.60% | 68.03% |
Basic Materials | 0.00% | 0.00% | 100.00% | 70.67% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | EERN % Rank | |
---|---|---|---|---|
US | 30.29% | -40.06% | 261.12% | 0.67% |
Non US | 3.22% | -6.04% | 17.73% | 1.07% |
Bond Sector Breakdown
Weighting | Return Low | Return High | EERN % Rank | |
---|---|---|---|---|
Corporate | 32.24% | 0.00% | 100.00% | 55.70% |
Cash & Equivalents | 25.42% | 0.00% | 100.00% | 18.12% |
Government | 21.78% | 0.00% | 99.43% | 27.92% |
Securitized | 14.61% | 0.00% | 99.65% | 53.83% |
Derivative | 5.02% | 0.00% | 72.98% | 28.32% |
Municipal | 0.93% | 0.00% | 54.26% | 13.83% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | EERN % Rank | |
---|---|---|---|---|
US | 59.90% | -151.11% | 194.51% | 60.83% |
Non US | 18.50% | -136.75% | 90.11% | 46.39% |
EERN - Expenses
Operational Fees
EERN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.14% | 0.01% | 6.46% | 11.96% |
Management Fee | 0.85% | 0.00% | 2.29% | 73.19% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 10.24% |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
EERN 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% | 5.50% | N/A |
Trading Fees
EERN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | 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.
EERN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 496.00% | N/A |
EERN - Distributions
Dividend Yield Analysis
EERN | Category Low | Category High | EERN % Rank | |
---|---|---|---|---|
Dividend Yield | 13.71% | 0.00% | 40.76% | 3.49% |
Dividend Distribution Analysis
EERN | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
EERN | Category Low | Category High | EERN % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.25% | -1.55% | 11.51% | 15.08% |
Capital Gain Distribution Analysis
EERN | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 30, 2022 | $0.224 | OrdinaryDividend |
May 31, 2022 | $0.133 | OrdinaryDividend |
Apr 29, 2022 | $0.172 | OrdinaryDividend |
Mar 31, 2022 | $0.205 | OrdinaryDividend |
Feb 28, 2022 | $0.133 | OrdinaryDividend |
Jan 31, 2022 | $0.155 | OrdinaryDividend |
Jan 03, 2022 | $0.012 | OrdinaryDividend |
Dec 03, 2021 | $0.185 | OrdinaryDividend |
Nov 03, 2021 | $0.291 | OrdinaryDividend |
Oct 05, 2021 | $0.005 | OrdinaryDividend |
Sep 03, 2021 | $0.106 | OrdinaryDividend |
EERN - Fund Manager Analysis
Managers
Ryan Dofflemeyer
Start Date
Tenure
Tenure Rank
Jul 26, 2021
0.85
0.9%
Ryan Dofflemeyer, ProShare Advisors: Portfolio Manager since January 2011, and a registered associated person and an NFA associate member of ProShares Capital Management LLC since October 2010.
Rafael Zayas
Start Date
Tenure
Tenure Rank
Jul 26, 2021
0.85
0.9%
Rafael Zayas, CFA, is Senior Vice President, Head of Portfolio Management and Trading at Vident Investment Advisory, LLC since June 2020. Mr. Zayas became SVP, Head of Portfolio Management and Trading in June 2020. From 2017 to 2020, he was a Senior Portfolio Manager – International Equity at Vident and has over 15 years of experience that includes managing international equity portfolios, including in emerging and frontier markets. Prior to joining Vident, he was a Portfolio Manager – Direct Investments for seven years at Russell Investments, a global asset manager, where he co-managed more than $4 billion in quantitative strategies across global markets, including the Russell Strategic Call Overwriting Fund, a mutual fund. Mr. Zayas also helped Russell Investments launch its sponsored ETF initiative and advised on index methodologies. Prior to joining Russell Investments, Mr. Zayas was a Portfolio Manager – Equity Indexing at Mellon Capital Management, where he managed assets for internationally listed global equity ETFs. Mr. Zayas graduated with a B.S. in Electrical Engineering from Cornell University and obtained a Certificate in Computational Finance and Risk Management from the University of Washington. He also attained the Chartered Financial Analyst designation in 2010.
Stewart Russell
Start Date
Tenure
Tenure Rank
Jul 26, 2021
0.85
0.9%
Russell is a portfolio manager with Fischer Francis Trees & Watts, his employer since 1992. For five years previously, he worked as trader in the global markets department with J.P. Morgan.
Tom Bradley
Start Date
Tenure
Tenure Rank
Jul 26, 2021
0.85
0.9%
Tom Bradey is Co-Chief Investment Officer at Steadyhand. He leads the Founders Fund and is co-manager of the Builders Fund. He is also responsible for subadvisor selection and oversight at the firm. Tom co-founded Steadyhand in 2006. He started his career in 1983 as an Equity Analyst at Richardson Greenshields, In 1991, Tom joined Phillips, Hager & North as a Research Analyst and Institutional Portfolio Manager.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.67 | 3.19 |