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Name

As of 04/17/2024

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

RiverNorth Patriot ETF

FLDZ | Active ETF

$24.59

$3.68 M

1.36%

$0.33

0.76%

Vitals

YTD Return

2.5%

1 yr return

13.6%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$3.68 M

Holdings in Top 10

7.2%

52 WEEK LOW AND HIGH

$24.7
$20.83
$26.27

Expenses

OPERATING FEES

Expense Ratio 0.76%

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 04/17/2024

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

RiverNorth Patriot ETF

FLDZ | Active ETF

$24.59

$3.68 M

1.36%

$0.33

0.76%

FLDZ - Profile

Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    RiverNorth Patriot ETF
  • Fund Family Name
    N/A
  • Inception Date
    Jan 03, 2022
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Patrick Galley

Fund Description

The Fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in equity securities, including common stock of mid-cap and large-cap companies, tied to the economy of the U.S. RiverNorth Capital Management, LLC (the “Sub-Adviser”), the Fund’s sub-adviser, will consider a company to be tied to the U.S. economy if: 1) the company is organized under the laws of the U.S.; 2) the shares of the company are traded principally in the U.S., and 3) the company generates at least 90% of its revenue from its activities in the U.S. In addition, to be eligible for inclusion in the Fund’s portfolio, a company also must have, at the time of purchase, a market capitalization over $5 billion.
The portfolio will be constructed at the discretion of the Sub-Adviser. In constructing the Fund’s portfolio, the Sub-Adviser may consider a variety of factors, including its overall market sector and industry weighting, and no one factor is expected to be determinative of investment decisions. Weightings of positions and sectors and industries may be adjusted at any time at the discretion of the Sub-Adviser.
The Fund is classified as a non-diversified investment company under the Investment Company Act of 1940, as amended (the “1940 Act”).
Folds of Honor
The Sub-Adviser will donate a majority of its sub-advisory fee or 100% of the profit derived from its management of the Fund, whichever is greater, to the Folds of Honor Foundation, a charity focused on providing scholarships to families of veterans. Folds of
Honor is a 501(c)(3) non‐profit organization, rated “4‐star” by Charity Navigator and platinum by GuideStar, that provides educational scholarships to the families of military men and women who have fallen or been disabled while on active duty in the United States armed forces. Since 2007, a cumulative average ratio of 91% of every dollar raised by Folds of Honor has been contributed to its scholarship program (91% in 2020), which has awarded approximately 35,000 in educational scholarships.
Impact Investing
The Fund is designed to provide an alternative approach to charity and seeks to deliver true impact investing. While “Impact Investing” can mean many things, the application of the term here is about delivering real dollars to a charity that directly supports education for the children and families of U.S. service members who were disabled or killed in action. The Fund is designed to deliver real world benefits to those in need now.
Read More

FLDZ - Performance

Return Ranking - Trailing

Period FLDZ Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -51.8% 22.1% N/A
1 Yr 13.6% -58.9% 46.9% N/A
3 Yr N/A* -25.7% 197.6% N/A
5 Yr N/A* -29.1% 93.8% N/A
10 Yr N/A* -17.2% 37.0% N/A

* Annualized

Return Ranking - Calendar

Period FLDZ Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -69.4% 53.7% N/A
2022 N/A -94.0% 152.6% N/A
2021 N/A -13.9% 183.6% N/A
2020 N/A -18.2% 8.9% N/A
2019 N/A -80.2% 35.2% N/A

Total Return Ranking - Trailing

Period FLDZ Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -97.2% 22.1% N/A
1 Yr 13.6% -58.9% 67.6% N/A
3 Yr N/A* -25.7% 197.6% N/A
5 Yr N/A* -28.1% 93.8% N/A
10 Yr N/A* -11.8% 37.0% N/A

* Annualized

Total Return Ranking - Calendar

Period FLDZ Return Category Return Low Category Return High Rank in Category (%)
2023 12.1% -69.4% 53.7% N/A
2022 N/A -94.0% 152.6% N/A
2021 N/A -13.9% 183.6% N/A
2020 N/A -12.8% 8.9% N/A
2019 N/A -60.0% 35.2% N/A

FLDZ - Holdings

Concentration Analysis

FLDZ Category Low Category High FLDZ % Rank
Net Assets 3.68 M 177 K 1.21 T 99.09%
Number of Holdings 296 2 4154 26.83%
Net Assets in Top 10 242 K 1.74 K 270 B 99.38%
Weighting of Top 10 7.19% 1.8% 100.0% 98.94%

Top 10 Holdings

  1. First American Funds Inc. TREAS OBLIGS X 2.85%
  2. Intuit Inc COM USD0.01 0.52%
  3. The Cigna Group COM USD0.01 0.50%
  4. Chemed Corporation CAP USD1 0.49%
  5. Norfolk Southern Corporation COM USD1 0.48%
  6. Pioneer Natural Resources Company COM USD0.01 0.47%
  7. Charter Communications, Inc. COM USD0.001 CLASS A 0.47%
  8. ATT Inc COM USD1 0.47%
  9. Enterprise Products Partners L.P. COM UNITS REP LIM PART INT 0.47%
  10. CSX Corporation COM USD1 0.47%

Asset Allocation

Weighting Return Low Return High FLDZ % Rank
Stocks 		99.79% 0.00% 130.24% 27.73%
Cash 		2.85% -102.29% 100.00% 70.19%
Preferred Stocks 		0.00% 0.00% 2.23% 10.10%
Other 		0.00% -13.91% 134.98% 10.86%
Convertible Bonds 		0.00% 0.00% 5.54% 5.19%
Bonds 		0.00% -0.04% 95.81% 6.36%

Stock Sector Breakdown

Weighting Return Low Return High FLDZ % Rank
Utilities 		0.00% 0.00% 25.44% 0.70%
Technology 		0.00% 0.00% 48.94% 99.02%
Real Estate 		0.00% 0.00% 37.52% 1.19%
Industrials 		0.00% 0.00% 29.90% 48.46%
Healthcare 		0.00% 0.00% 60.70% 90.55%
Financial Services 		0.00% 0.00% 55.59% 40.90%
Energy 		0.00% 0.00% 41.64% 1.33%
Communication Services 		0.00% 0.00% 27.94% 84.73%
Consumer Defense 		0.00% 0.00% 49.14% 89.01%
Consumer Cyclical 		0.00% 0.00% 50.47% 17.09%
Basic Materials 		0.00% 0.00% 26.10% 77.03%

Stock Geographic Breakdown

Weighting Return Low Return High FLDZ % Rank
US 		99.79% 0.00% 127.77% 5.39%
Non US 		0.00% 0.00% 33.51% 90.66%

FLDZ - Expenses

Operational Fees

FLDZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.01% 2.95% 45.05%
Management Fee 0.70% 0.00% 2.00% 78.92%
12b-1 Fee N/A 0.00% 1.00% 0.43%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

FLDZ 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% 5.00% N/A

Trading Fees

FLDZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

FLDZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 496.00% N/A

FLDZ - Distributions

Dividend Yield Analysis

FLDZ Category Low Category High FLDZ % Rank
Dividend Yield 1.36% 0.00% 19.15% 51.85%

Dividend Distribution Analysis

FLDZ Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annually

Net Income Ratio Analysis

FLDZ Category Low Category High FLDZ % Rank
Net Income Ratio N/A -54.00% 6.06% 83.90%

Capital Gain Distribution Analysis

FLDZ Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FLDZ - Fund Manager Analysis

Managers

Patrick Galley

Start Date

Tenure

Tenure Rank

Dec 31, 2021

0.41

0.4%

Patrick joined RiverNorth in 2004 and serves as Chief Investment Officer and Portfolio Manager. Patrick heads the firm's investment team and oversees all portfolio management activities at RiverNorth. Patrick also serves as the President and Chairman of RiverNorth Funds. Prior to joining RiverNorth, Patrick was Vice President at Bank of America in the Global Investment Bank's Portfolio Management group where he specialized in analyzing and structuring corporate transactions for investment management firms in addition to closed-end and open-end funds, hedge funds, fund of funds, structured investment vehicles and insurance/reinsurance companies. Patrick graduated with honors from Rochester Institute of Technology with a B.S. in Finance. He is a CFA Charterholder and member of the CFA Institute and the CFA Society of Chicago.

Jordan Waldrep

Start Date

Tenure

Tenure Rank

Dec 31, 2021

0.41

0.4%

Jordan Waldrep brings over 15 years of investment experience to TrueMark. Previously, Mr. Waldrep was the Senior Portfolio Manager of the Vice President and Co-Portfolio Manager of the Navigator Fund at USA Mutuals. Mr. Waldrep has over 18 years of investment experience. He was the portfolio manager of Blackfin Capital ("Blackfin") from March 2014 through August 2017. Prior to Blackfin, he was an analyst and trader at Hourglass Capital since 2008. Mr. Waldrep is a member of the CFA Institute and the CFA Society of Dallas and Fort Worth. He is a Chartered Financial Ananlyst. Mr. Waldrep received a BA in Biology and History from Texas A&M University and an MBA from the University of Texas McCombs School of Business.

Joseph Bailey

Start Date

Tenure

Tenure Rank

Dec 31, 2021

0.41

0.4%

Mr. Bailey worked at a venture capital firm where he focused on market analysis and outreach. Mr. Bailey graduated from Loyola University Chicago with a B.S. in Biology where he also earned his M.S. in Finance. Mr. Bailey also holds the CAIA designation and is a CFA Level III candidate.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.17 2.42

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