Grizzle Growth ETF
Active ETF
GRZZ
Price as of:
$24.80
+ $0.04
+ 0.18%
Primary Theme
N/A
fund company
N/A
Name
As of 08/25/2023Price
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
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$1.32 M
Holdings in Top 10
66.7%
52 WEEK LOW AND HIGH
$24.8
$19.56
$26.40
Expenses
OPERATING FEES
Expense Ratio 0.75%
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 08/25/2023Price
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
GRZZ - Profile
Distributions
- YTD Total Return N/A
- 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
- Dividend Yield 1.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameGrizzle Growth ETF
-
Fund Family NameN/A
-
Inception DateDec 17, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott Willis
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”) that invests primarily in equity securities of companies, with a focus on growth, innovation and disruption. The Fund seeks to identify future leaders in the following overarching key growth themes including, but not limited to: Digitization and Cloud Computing, Future Media and Entertainment, Health and Wellness, and Sustainability and Energy Transition. Within these preceding four themes the Fund seeks to invest in the following subsectors including, but not limited to:
| Sub-Sectors | Theme | Description |
| Automobile Manufacturers | Electronic Vehicles | Companies in the business of creating electrified vehicles (including hybrid vehicles) and vehicles that run using other renewable sources of energy |
| Cannabis | Cannabis | Companies that cultivate, distribute and sell cannabis products; Companies that research medical uses for cannabis and create medical formulations of cannabis |
| Casinos and Gaming | Online Gambling | Companies that provide online or brick and mortar platforms for placing wagers on sporting events |
| Communication Services | Media and Streaming Services | Companies in the business of creating unique media content and/or devices to stream content into homes |
| Energy | Energy and Energy Transition | Companies engaged in drilling, producing, storing and transporting oil and/or natural gas |
| Sub-Sectors | Theme | Description |
| Financial Services | Future of Finance | Companies creating novel lending and payment solutions and facilitating such transactions; Companies creating diversified capital markets services and access to emerging asset classes (e.g., cryptocurrency exchanges) |
| Healthcare | Biotechnology and Novel Drug Research and Treatment (including medical psychedelics) | Companies engaged in the genetic manipulation of microorganisms, the manufacturing of medicinal drugs and research and application of novel pharmaceutical formulations (including legally-derived psychedelic medicines that bind to specific serotonin receptors and cause changes in perception and cognition in the pursuit of treating mental diseases such as PTSD and clinically resistant depression) |
| Industrials | Renewable Energy (Wind and Solar) | Companies engaged in building solar power systems and other renewable energy systems (e.g., wind, solar and energy storage) |
| Information Technology | Software as a Service, Microprocessors, Robotics, and Autonomous Technologies | Companies that create software programs and computer hardware for corporations and individual consumers and companies that provide equipment, an interconnected system or subsystem of equipment or software that is used in the acquisition, storage, manipulation, management, movement, control, display, switching, interchange, transmission or reception of data or information |
| Materials | Green Technology | Companies engaged in using new technology to create renewable materials |
| Electric Metals and Infrastructure | Companies engaged in mining the raw materials that will support the growth in infrastructure and renewable energy ecosystems (e.g., solar panels, battery storage, wind turbines and hydrogen fuel cells) | |
| Media and Entertainment | Esports/Gaming | Companies engaged in video game publishing, creating interactive worlds and e-sports |
| Packaged Foods and Meats | Plant Based Foods | Companies creating novel new food formulations, such as plant based meats and dairy |
Grizzle Investment Management LLC (the “Adviser”), the investment adviser to the Fund, uses a proprietary internal fundamental research and analysis to identify companies well-positioned for growth within the targeted sectors. The Adviser uses its research and fundamental analysis findings to determine the Fund’s industry allocations within each sector and to select individual securities within each industry. The Adviser uses a quantitative screening overlay to identify prospective companies in addition to deep fundamental analysis.
The Fund’s portfolio is expected to consist of 30 to 60 equity securities, and may be comprised of common stock and depositary receipts of U.S. and foreign issuers of any market capitalization. The Fund’s exposure to foreign issuers may include issuers in both developed and emerging market countries. Emerging market countries are those countries with low- to middle-income economies as classified by the World Bank or included in any of the Morgan Stanley Capital International (MSCI) emerging markets indices. In addition, the Adviser may opportunistically invest in options to both enhance the Fund’s return and seek to provide downside risk protection for specific positions in the Fund’s portfolio. The Adviser uses proprietary valuation models and analysis of historical portfolio profit and loss information to identify favorable risk-managed option trading opportunities, including use of covered calls (selling calls on stock positions in the portfolio) and selling an option and buying another to bet on the direction of a stock while capping both the downside risk (i.e., risk of loss) and upside performance (i.e., limiting participation in any gain).
While the Fund’s sector exposure to sectors may vary over time, as of the date of this Prospectus, the Fund had significant exposure to companies in the Communication Services, Energy, Information Technology, and Materials Sectors.
The Fund is considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund.
GRZZ - Performance
Return Ranking - Trailing
| Period | GRZZ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -44.2% | 26.6% | 93.17% |
| 1 Yr | N/A | -98.5% | 150.0% | N/A |
| 3 Yr | N/A* | -74.2% | 26.3% | N/A |
| 5 Yr | N/A* | -61.2% | 23.2% | N/A |
| 10 Yr | N/A* | -35.6% | 18.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | GRZZ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -21.0% | -98.8% | 81.6% | N/A |
| 2022 | N/A | -39.5% | 48.7% | N/A |
| 2021 | N/A | -13.0% | 34.8% | N/A |
| 2020 | N/A | -27.1% | 10.6% | N/A |
| 2019 | N/A | -15.9% | 33.2% | N/A |
Total Return Ranking - Trailing
| Period | GRZZ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -44.2% | 26.6% | 93.32% |
| 1 Yr | N/A | -98.5% | 150.0% | N/A |
| 3 Yr | N/A* | -74.2% | 32.9% | N/A |
| 5 Yr | N/A* | -61.2% | 22.9% | N/A |
| 10 Yr | N/A* | -35.6% | 18.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | GRZZ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -19.9% | -98.8% | 81.6% | N/A |
| 2022 | N/A | -39.5% | 48.7% | N/A |
| 2021 | N/A | -13.0% | 34.8% | N/A |
| 2020 | N/A | -16.8% | 10.6% | N/A |
| 2019 | N/A | -15.9% | 35.6% | N/A |
GRZZ - Holdings
Concentration Analysis
| GRZZ | Category Low | Category High | GRZZ % Rank | |
|---|---|---|---|---|
| Net Assets | 1.32 M | 189 K | 222 B | 99.77% |
| Number of Holdings | 44 | 2 | 3509 | 58.79% |
| Net Assets in Top 10 | 736 K | -1.37 M | 104 B | 98.62% |
| Weighting of Top 10 | 66.67% | 9.4% | 100.0% | 26.89% |
Top 10 Holdings
- Microsoft Corp 14.93%
- Alphabet Inc 9.46%
- Meta Platforms Inc 8.76%
- Apple Inc 6.27%
- Adobe Inc 6.02%
- Airbnb Inc 4.77%
- Visa Inc 4.68%
- Mastercard Inc 4.37%
- Amazon.com Inc 3.83%
- Sociedad Quimica y Minera de Chile SA 3.57%
Asset Allocation
| Weighting | Return Low | Return High | GRZZ % Rank | |
|---|---|---|---|---|
| Stocks | 99.15% | 0.00% | 107.71% | 61.86% |
| Cash | 0.89% | -10.83% | 87.35% | 34.31% |
| Preferred Stocks | 0.00% | 0.00% | 4.41% | 59.32% |
| Other | 0.00% | -2.66% | 17.15% | 60.86% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 56.87% |
| Bonds | 0.00% | -1.84% | 98.58% | 56.33% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GRZZ % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 16.07% | 4.92% |
| Technology | 0.00% | 0.00% | 69.82% | 97.39% |
| Real Estate | 0.00% | 0.00% | 29.57% | 85.33% |
| Industrials | 0.00% | 0.00% | 30.65% | 96.70% |
| Healthcare | 0.00% | 0.00% | 39.76% | 97.08% |
| Financial Services | 0.00% | 0.00% | 43.06% | 77.34% |
| Energy | 0.00% | 0.00% | 41.09% | 0.31% |
| Communication Services | 0.00% | 0.00% | 66.40% | 62.67% |
| Consumer Defense | 0.00% | 0.00% | 25.50% | 83.87% |
| Consumer Cyclical | 0.00% | 0.00% | 62.57% | 89.17% |
| Basic Materials | 0.00% | 0.00% | 22.00% | 0.08% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GRZZ % Rank | |
|---|---|---|---|---|
| US | 97.94% | 0.00% | 105.43% | 97.01% |
| Non US | 1.21% | 0.00% | 54.22% | 1.84% |
GRZZ - Expenses
Operational Fees
| GRZZ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.75% | 0.01% | 7.09% | 62.80% |
| Management Fee | 0.75% | 0.00% | 1.50% | 81.98% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 1.02% | N/A |
Sales Fees
| GRZZ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GRZZ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 5.00% | 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.
| GRZZ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 316.74% | N/A |
GRZZ - Distributions
Dividend Yield Analysis
| GRZZ | Category Low | Category High | GRZZ % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.16% | 0.00% | 19.33% | 62.12% |
Dividend Distribution Analysis
| GRZZ | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Monthly | Annually |
Net Income Ratio Analysis
| GRZZ | Category Low | Category High | GRZZ % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -6.13% | 2.90% | N/A |
Capital Gain Distribution Analysis
| GRZZ | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
GRZZ - Fund Manager Analysis
Managers
Scott Willis
Start Date
Tenure
Tenure Rank
Dec 15, 2021
0.46
0.5%
He began his career at BNY Mellon, managing portfolios for ultra-high net worth individuals. Mr. Willis later joined Credit Suisse, where he was an analyst covering the energy sector with a focus on exploration and production, refining and oilfield services. He later joined TD Asset Management, where he was a fixed income analyst covering the energy, industrials and transportation sectors. Mr. Willis graduated from Bucknell University in 2006 with a degree in Economics. He is a CFA Charterholder.
Thomas George
Start Date
Tenure
Tenure Rank
Dec 15, 2021
0.46
0.5%
Thomas joined TD Asset Management Inc. in November 2002. He is lead manager of the TD Global Sustainability Fund, TD Emerald Global Sustainability Fund and TD Private North American SRI Model. He joined the firm as a quantitative analyst for the fixed income and equity groups. In 2004, Thomas joined the international equity team where his coverage responsibilities include global utilities, oil & gas, resource efficiency, water and alternative energy sectors. Thomas graduated from University of Waterloo in 2002 with a Bachelor of Environmental Engineering, and is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.09 | 2.92 |