Volshares Large Cap ETF
Name
As of 07/29/2022Price
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
-12.3%
1 yr return
-8.4%
3 Yr Avg Return
15.9%
5 Yr Avg Return
N/A
Net Assets
$3.6 M
Holdings in Top 10
39.9%
52 WEEK LOW AND HIGH
$35.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.65%
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 07/29/2022Price
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
VSL - Profile
Distributions
- YTD Total Return -12.3%
- 3 Yr Annualized Total Return 15.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.97%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameVolshares Large Cap ETF
-
Fund Family NameVolshares
-
Inception DateFeb 22, 2018
-
Shares Outstanding125000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerScott Burrill
Fund Description
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 2016 by Revolution Capital Advisors, LLC, the Fund’s investment adviser and index provider (“RevCap” or the “Adviser”), and uses an objective, rules-based methodology to measure the performance of an equal-weighted portfolio of approximately 25 large capitalization U.S.-listed companies based on a quantitative algorithm (the “Model”).
Construction of the Volshares Large Cap Index
The Index is constructed from components of the Solactive US Large Cap Index (the “Solactive Universe”), which is provided and maintained by Solactive AG and generally includes 500 of the largest U.S.-listed common stocks and real estate investment trusts (“REITs”).
The Index is reconstituted and rebalanced on a weekly basis. During this process, the previous week’s opening and closing prices for each company in the Solactive Universe are evaluated by the Model to identify the 25 companies with the greatest likelihood of appreciation over the next one-week period based on the Model’s criteria. The Model analyzes each company based on the proximity of its opening and closing prices to their historical mean and the security’s performance and volatility to identify the most attractive securities in terms of their potential for short-term appreciation relative to their expected volatility. During this analysis, securities that were held by the Fund within the last 30 days and had a negative return during that holding period are removed from the list of eligible securities.
The 25 highest-ranked securities identified by the Model are each given an equal weighting of 4% in the Index, and the Index is then further evaluated for concentration in any economic sector (i.e., an allocation of more than 25% of its weight in a single economic sector). If the securities identified by the Model would result in the Index’s concentration in an economic sector (i.e., the Index would contain seven or more companies from a single sector) the lowest ranked security from such sector (out of the 25 securities identified by the Model) is removed and replaced with the next-highest ranked security from a different sector. The resulting 25 securities will comprise the Index.
The Fund’s Investment Strategy
Under normal circumstances, at least 80% of the Fund’s net assets, plus borrowings for investment purposes, will be invested in large cap companies. The foregoing policy may be changed without shareholder approval upon 60 days’ written notice to shareholders. For purposes of the foregoing policy, the Fund defines “large cap companies” to mean companies included in the Solactive US Large Cap Index within the past month.
The Fund will generally use a “replication” strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the Index in approximately the same proportion as in the Index. However, the Fund may use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole, when the Fund’s sub-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 constituent 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).
The Fund generally may invest in securities or other investments not included in the Index, but which the Fund’s sub-adviser believes will help the Fund track the Index. For example, the Fund may invest in securities that are not components of the Index to reflect various corporate actions and other changes to the Index (such as reconstitutions, additions, and deletions).
To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index.
VSL - Performance
Return Ranking - Trailing
Period | VSL Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -12.3% | -87.0% | 34.5% | 99.85% |
1 Yr | -8.4% | -87.9% | 38.6% | 96.98% |
3 Yr | 15.9%* | -47.1% | 93.5% | 0.71% |
5 Yr | N/A* | -30.5% | 97.1% | N/A |
10 Yr | N/A* | -18.7% | 37.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | VSL Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -56.3% | 28.9% | 63.88% |
2022 | N/A | -20.5% | 152.6% | 17.47% |
2021 | N/A | -13.9% | 183.6% | 0.08% |
2020 | N/A | -8.3% | 8.9% | N/A |
2019 | N/A | -13.5% | 12.6% | N/A |
Total Return Ranking - Trailing
Period | VSL Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -12.3% | -20.5% | 34.5% | 94.03% |
1 Yr | -8.4% | -35.3% | 40.3% | 96.68% |
3 Yr | 15.9%* | -27.6% | 93.5% | 3.86% |
5 Yr | N/A* | -29.8% | 97.1% | N/A |
10 Yr | N/A* | -13.4% | 37.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | VSL Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -56.3% | 28.9% | 64.03% |
2022 | N/A | -20.5% | 152.6% | 17.86% |
2021 | N/A | -13.9% | 183.6% | 0.08% |
2020 | N/A | -8.3% | 8.9% | N/A |
2019 | N/A | -10.9% | 12.6% | N/A |
VSL - Holdings
Concentration Analysis
VSL | Category Low | Category High | VSL % Rank | |
---|---|---|---|---|
Net Assets | 3.6 M | 1.01 M | 1.21 T | 99.70% |
Number of Holdings | 26 | 2 | 4154 | 97.43% |
Net Assets in Top 10 | 1.84 M | 288 K | 270 B | 99.09% |
Weighting of Top 10 | 39.89% | 1.8% | 106.2% | 20.32% |
Top 10 Holdings
- EOG Resources Inc 4.10%
- ConocoPhillips 4.06%
- BioMarin Pharmaceutical Inc 4.00%
- Exxon Mobil Corp 3.97%
- Humana Inc 3.96%
- Southern Co/The 3.93%
- Emerson Electric Co 3.93%
- Activision Blizzard Inc 3.92%
- General Dynamics Corp 3.90%
- Kinder Morgan Inc/DE 3.89%
Asset Allocation
Weighting | Return Low | Return High | VSL % Rank | |
---|---|---|---|---|
Stocks | 97.74% | 0.00% | 130.24% | 72.81% |
Cash | 2.27% | -102.29% | 100.00% | 23.26% |
Preferred Stocks | 0.00% | 0.00% | 1.57% | 83.61% |
Other | 0.00% | -13.91% | 134.98% | 83.61% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 82.84% |
Bonds | 0.00% | -0.04% | 95.81% | 83.16% |
Stock Sector Breakdown
Weighting | Return Low | Return High | VSL % Rank | |
---|---|---|---|---|
Technology | 20.12% | 0.00% | 48.94% | 73.79% |
Industrials | 20.10% | 0.00% | 29.90% | 2.22% |
Basic Materials | 11.88% | 0.00% | 25.70% | 0.77% |
Real Estate | 11.84% | 0.00% | 31.91% | 0.38% |
Communication Services | 8.10% | 0.00% | 27.94% | 55.94% |
Financial Services | 8.01% | 0.00% | 55.59% | 95.25% |
Consumer Cyclical | 7.89% | 0.00% | 30.33% | 82.76% |
Healthcare | 4.13% | 0.00% | 60.70% | 98.93% |
Utilities | 4.01% | 0.00% | 20.91% | 13.49% |
Energy | 3.92% | 0.00% | 41.64% | 55.33% |
Consumer Defense | 0.00% | 0.00% | 47.71% | 99.85% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | VSL % Rank | |
---|---|---|---|---|
US | 93.72% | 0.00% | 127.77% | 69.64% |
Non US | 4.02% | 0.00% | 32.38% | 31.34% |
VSL - Expenses
Operational Fees
VSL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.65% | 0.01% | 49.27% | 63.32% |
Management Fee | 0.65% | 0.00% | 2.00% | 74.89% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 17.19% |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
VSL 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
VSL 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.
VSL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 496.00% | N/A |
VSL - Distributions
Dividend Yield Analysis
VSL | Category Low | Category High | VSL % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 25.24% | 94.05% |
Dividend Distribution Analysis
VSL | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annually |
Net Income Ratio Analysis
VSL | Category Low | Category High | VSL % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.97% | -54.00% | 6.06% | 33.77% |
Capital Gain Distribution Analysis
VSL | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 24, 2022 | $0.244 | OrdinaryDividend |
Mar 24, 2022 | $0.065 | OrdinaryDividend |
Sep 23, 2021 | $0.208 | OrdinaryDividend |
Jun 24, 2021 | $0.065 | OrdinaryDividend |
Mar 25, 2021 | $0.218 | OrdinaryDividend |
Sep 24, 2020 | $0.083 | OrdinaryDividend |
Jun 25, 2020 | $0.054 | OrdinaryDividend |
Mar 26, 2020 | $0.094 | OrdinaryDividend |
Sep 19, 2019 | $0.095 | OrdinaryDividend |
Jun 13, 2019 | $0.066 | OrdinaryDividend |
Mar 14, 2019 | $0.057 | OrdinaryDividend |
Jan 02, 2019 | $0.126 | OrdinaryDividend |
Sep 20, 2018 | $0.165 | OrdinaryDividend |
Jun 14, 2018 | $0.087 | OrdinaryDividend |
Mar 15, 2018 | $0.058 | OrdinaryDividend |