Day Hagan/Ned Davis Research Smart Sector ETF
Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
21.1%
1 yr return
25.4%
3 Yr Avg Return
6.2%
5 Yr Avg Return
N/A
Net Assets
$668 M
Holdings in Top 10
96.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.80%
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 11/21/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SSUS - Profile
Distributions
- YTD Total Return 21.1%
- 3 Yr Annualized Total Return 6.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.71%
- Dividend Yield 0.9%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameDay Hagan/Ned Davis Research Smart Sector ETF
-
Fund Family NameStrategy Shares
-
Inception DateJan 16, 2020
-
Shares Outstanding14250000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDonald Hagan
Fund Description
The Funds investment advisor, Day Hagan Asset Management (the Advisor), actively manages the Funds portfolio using proprietary investment models co-developed with Ned Davis Research (NDR). The Fund is considered a fund of funds that, under normal market conditions, seeks to achieve its investment objective by principally investing in unaffiliated equity exchange traded funds (ETFs) that track the performance of the individual sectors (Sectors) of the S&P 500 Index (Index). The Fund will attempt to enhance returns relative to the Index by overweighting and underweighting its exposure to the Sectors relative to the Index and may reduce its overall exposure to ETFs as determined by its risk management model.
The Fund utilizes a model to determine its allocation to each Sector. The model combines sector-specific price-based, economic, fundamental and behavioral indicators to form a composite for each Sector. By combining multiple and diverse indicators, which historically have been shown to add value in Sector allocation decisions, the model seeks to objectively assess the weight of the evidence and generate sector allocation recommendations. As of June 30, 2024, the Sectors are real estate, utilities, consumer staples, information technology, health care, financials, energy, consumer discretionary, materials, industrials, and communications services. The Funds allocation to a particular Sector may be greater than 25%. Conversely, the Funds allocation to a particular Sector may be reduced to 0% if the Sectors model composite is at low levels.
The Funds risk management model defines the Funds overall equity allocation target. The model reading represents the net percentage of indicators that are bullish. By taking the weight of the evidence of technical, monetary, economic, valuation, and sentiment indicators, the model measures the potential risk level of factors the stock market faces.
Under normal market conditions, the Fund intends to invest predominantly in ETFs but will reduce its exposure by as much as 50% of its assets during times that the model deems the market to have a low reward-to-risk ratio from a historical perspective. During these times, the Fund may hold up to 50% of its assets in cash and cash equivalents, including U.S. Treasury securities and money market funds. The Fund will increase its equity investments when the risk model returns to levels indicating that major risks have potentially subsided.
The Funds portfolio is rebalanced monthly, although the Advisor may engage in intra-month trades if the models show substantial changes. The Fund actively trades its portfolio securities in an attempt to achieve its investment objective; trading activity may also be increased in periods of high market volatility.
SSUS - Performance
Return Ranking - Trailing
Period | SSUS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 21.1% | 3.5% | 46.0% | 70.88% |
1 Yr | 25.4% | 5.9% | 58.5% | 77.93% |
3 Yr | 6.2%* | -5.2% | 16.6% | 83.68% |
5 Yr | N/A* | -0.8% | 110.3% | 71.49% |
10 Yr | N/A* | 2.6% | 52.4% | 73.40% |
* Annualized
Return Ranking - Calendar
Period | SSUS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.9% | -42.6% | 47.4% | 58.68% |
2022 | -18.2% | -56.3% | -4.2% | 18.21% |
2021 | 27.3% | -27.2% | 537.8% | 4.75% |
2020 | N/A | -22.5% | 2181.7% | N/A |
2019 | N/A | -13.5% | 40.4% | N/A |
Total Return Ranking - Trailing
Period | SSUS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 21.1% | 3.5% | 46.0% | 70.88% |
1 Yr | 25.4% | 5.9% | 58.5% | 77.93% |
3 Yr | 6.2%* | -5.2% | 16.6% | 83.68% |
5 Yr | N/A* | -0.8% | 110.3% | N/A |
10 Yr | N/A* | 2.6% | 52.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | SSUS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.2% | -5.0% | 47.4% | 76.61% |
2022 | -17.6% | -36.8% | -2.2% | 44.30% |
2021 | 28.0% | 3.0% | 537.8% | 33.17% |
2020 | N/A | -15.8% | 2266.0% | N/A |
2019 | N/A | -0.4% | 241.3% | N/A |
SSUS - Holdings
Concentration Analysis
SSUS | Category Low | Category High | SSUS % Rank | |
---|---|---|---|---|
Net Assets | 668 M | 2.34 M | 1.55 T | 62.14% |
Number of Holdings | 14 | 2 | 3963 | 98.54% |
Net Assets in Top 10 | 575 M | 880 K | 517 B | 48.50% |
Weighting of Top 10 | 96.49% | 0.3% | 112.9% | 1.55% |
Top 10 Holdings
- ISHARES CORE S P 500 ETF 25.42%
- TECHNOLOGY SELECT SECTOR SPDR FUND 22.02%
- HEALTH CARE SELECT SECTOR SPDR FUND 11.29%
- FINANCIAL SELECT SECTOR SPDR FUND 10.08%
- CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND 7.72%
- INDUSTRIAL SELECT SECTOR SPDR FUND 5.29%
- COMMUNICATION SERVICES SELECT SECTOR SPDR FUND 4.79%
- CONSUMER STAPLES SELECT SECTOR SPDR FUND 3.47%
- INVESCO S P 500 EQUAL WEIGHT 3.42%
- ENERGY SELECT SECTOR SPDR FUND 2.99%
Asset Allocation
Weighting | Return Low | Return High | SSUS % Rank | |
---|---|---|---|---|
Cash | 0.25% | 0.00% | 99.07% | 76.28% |
Stocks | 0.00% | 0.00% | 105.85% | 100.00% |
Preferred Stocks | 0.00% | 0.00% | 2.53% | 45.00% |
Other | 0.00% | -13.91% | 100.00% | 59.22% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 42.14% |
Bonds | 0.00% | 0.00% | 94.06% | 46.55% |
SSUS - Expenses
Operational Fees
SSUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.80% | 0.01% | 19.75% | 50.53% |
Management Fee | 0.68% | 0.00% | 1.90% | 78.86% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 9.67% |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
SSUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
SSUS 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.
SSUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 268.00% | 47.78% |
SSUS - Distributions
Dividend Yield Analysis
SSUS | Category Low | Category High | SSUS % Rank | |
---|---|---|---|---|
Dividend Yield | 0.89% | 0.00% | 25.47% | 62.13% |
Dividend Distribution Analysis
SSUS | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
SSUS | Category Low | Category High | SSUS % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.71% | -54.00% | 2.44% | 49.05% |
Capital Gain Distribution Analysis
SSUS | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 27, 2023 | $0.383 | OrdinaryDividend |
Dec 28, 2022 | $0.193 | OrdinaryDividend |
Dec 28, 2021 | $0.205 | OrdinaryDividend |
Dec 24, 2020 | $0.145 | OrdinaryDividend |
SSUS - Fund Manager Analysis
Managers
Donald Hagan
Start Date
Tenure
Tenure Rank
Jan 16, 2020
2.37
2.4%
Prior to founding the firm, Don was Senior Vice President and Senior Portfolio Manager for Wells Fargo Bank’s PCS. During his tenure with Wells Fargo, Don concurrently served on Wells Fargo’s National Asset Allocation Committee and National Investment Policy Committees. Don’s role included directing wealth planning initiatives, asset allocation and investment strategy for Wells Fargo’s national PCS division. He also served as one of the members of the Investment Management Committee for Wells Fargo’s flagship equity portfolio, Signature Core. Prior to Wells Fargo, Don served as Director of Research and Portfolio Manager for Securities Corporation of Iowa (SCI). Don directed research, allocation, investments and strategy for the firm. He served as Portfolio Manager for the SCI Traditional Value Equity, Blue Chip Bellwether Growth, Industry Select and Tactical Balanced investment strategies. SCI was acquired by Wells Fargo in early 2001. Prior to being recruited as Director of Research for SCI, Don was Chief Sector Analyst and Editor for Ned Davis Research, Inc., one of the largest independent research organizations in the world. Don provided research and recommendations to institutional clients both national and international. Don has conducted research and developed decision-based asset allocation and individual stock buy/sell programs at the institutional level since 1988. From 1989 through 1996, Don also served as editor for the following institutional research periodicals: Industry Watch, Group Update, Techno-Fundamental Ranks, and Top 30 Picks. Don has been quoted in several financial publications including the Wall Street Journal, Barron’s, Atlanta Constitution, and USA Today. He is a frequent speaker at investment conferences and on radio programs.
Arthur Day
Start Date
Tenure
Tenure Rank
Jan 16, 2020
2.37
2.4%
Arthur S. Day, Partner, for Day Hagan Asset Management; a SEC registered investment advisory firm. Art is a thirty+ (30+) year investment industry veteran, working with major Wall Street investment firms as a retail and institutional advisor. His investment career began in 1984 as an account executive with Dean Witter Reynolds. In 1987, he was recruited by E.F. Hutton, which through numerous mergers and corporate realignments became Shearson Lehman Brothers. During his tenure with Shearson Lehman Brothers, and aided by his affiliation with Capital Vectors Inc., Art was instrumental in initiating the launch of the Shearson Lehman Brothers TRAC mutual fund allocation program. The TRAC allocation program is often cited as setting the standard by which portfolios are allocated based on clients’ risk profiles determined through questionnaires. This first-of-its-kind strategy accumulated more than $5 billion within a year of its launch, and has since been duplicated by nearly every major and regional firm on Wall Street. In 1993, Art accepted an offer from PaineWebber as First Vice President of investments. (PaineWebber was subsequently acquired by UBS.) During his tenure, he was an advocate and leading participant in numerous alternative strategies ranging from private equity, wealth preservation insurance solutions, and single and multi-manager hedge fund strategies. In 1999, Art began his association with Engagement Systems as an investor and owner. He was also a leading contributor to the development of the firm’s client centric Skill-Weighted investment platform. Engagement Systems’ development of the Skill Weighted Portfolio Methodology emphasized index funds and ETFs due to market efficiencies, low fee structures and broad diversification. In 2006, Art and Donald Hagan joined forces to form Day Hagan Asset Management to introduce and promote the Day Hagan Global Asset Allocation Strategy, a quantitative dynamic rebalancing index strategy, for national retail and institutional distribution.
Regan Teague
Start Date
Tenure
Tenure Rank
Jan 16, 2020
2.37
2.4%
Regan is a graduate of Ashland University (Ohio). During his college career, Regan interned with Day Hagan in the summer of 2009 and was a member of the Eagle Investment Group – a team of senior finance students that managed part of the school’s endowment fund. Regan joined the Day Hagan team full-time in April of 2012. Regan is a portfolio manager and analyst for all of Day Hagan’s proprietary strategies. He is currently pursuing his Chartered Financial Analyst (CFA) designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.24 | 2.42 |