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Leuthold Core ETF

We believe that purchasing a collection of asset classes has the potential to provide steady growth and foster long-term investment success. Adding the element of flexibility toward portfolio weightings will complement the asset diversification and increase the opportunities to make the most of special market and economic attributes that surface as business cycles evolve.

ETF Summary

As of September 17, 2021
  • Fund Inception:
    1/6/2020
  • Ticker:
    LCR
  • Net Assets:
    $15,249,645
  • Shares Outstanding:
    500,000
  • Primary Exchange:
    NYSE
  • CUSIP:
    527289 789
  • Fund Type:
    Tactical Asset Allocation
  • Investment Objective:
    Capital appreciation and income (or "total return")
  • Management Fee:
    0.50%
  • Other Expenses:
    0.62%
  • Acquired Fund Fee & Expenses:
    0.21%
  • Expense Reimbursement:
    -0.47
  • Total Annual Fund Operating Expenses After Expense Reimbursement:
    0.86%
  • Portfolio Managers:
    Doug Ramsey, Scott Opsal, Chun Wang
  • Number of Holdings:
    30

Fund Prices

as of September 17, 2021
NAV Price
Net Asset Value $30.50 Closing Price $30.56
Daily Change $-0.14 Daily Change $-0.12
Daily Change -0.47% Daily Change -0.38%
    Premium/Discount 0.2%
Bid-Ask Spead (30 day median) 0.26%

Month End Performance

as of August 31, 2021
Cumulative
1 MO. 3 MO. 6 MO. SINCE INCEPTION
Fund NAV 1.51% 2.20% 8.24% 24.59%
Closing Price 1.63% 2.33% 8.08% 24.72%
Avg. Annualized
1 YR. 3 YR. 5 YR. SINCE INCEPTION
Fund NAV 14.79% NA% NA% 14.16%
Closing Price 14.78% NA% NA% 14.23%

Quarter End Performance

as of June 30, 2021
Cumulative
1 MO. 3 MO. 6 MO. SINCE INCEPTION
Fund NAV -0.25% 3.98% 7.02% 21.59%
Closing Price -0.15% 4.03% 7.09% 21.71%
Avg. Annualized
1 YR. 3 YR. 5 YR. SINCE INCEPTION
Fund NAV 20.37% NA% NA% 14.02%
Closing Price 20.07% NA% NA% 14.09%

Percentage of Net Assets Name Identifier (Cusip) Shares Held Market Value
14.09% SELECT SECTOR SPDR TR TECHNOLOGY XLK (81369Y803) 13,846 $2,148,998.03
11.31% ISHARES TR 1 3 YR TREAS BD SHY (464287457) 20,016 $1,725,179.04
6.46% Cash & Other Cash&Other $984,651.31
5.99% SELECT SECTOR SPDR TR SBI CONS DISCR XLY (81369Y407) 4,966 $912,925.15
5.30% ISHARES TR US HLTHCR PR ETF IHF (464288828) 3,010 $808,967.60
5.16% SELECT SECTOR SPDR TR COMMUNICATION XLC (81369Y852) 9,481 $786,906.86
4.91% ISHARES TR US BR DEL SE ETF IAI (464288794) 7,073 $748,464.86
4.67% DIREXION SHS ETF TR DLY S&P500 BR 1X SPDN (25460E869) 46,655 $711,955.30
4.02% ISHARES GOLD TR ISHARES NEW IAU (464285204) 18,386 $612,989.24
3.86% SPDR BARCLAYS CAPITAL INTL TREASURY BOND ETF BWX (78464A516) 20,195 $589,088.15
3.59% FIDELITY COVINGTON TRUST MSCI FINLS IDX FNCL (316092501) 10,234 $547,109.64
3.43% FIDELITY COVINGTON TRUST MSCI MATLS INDEX FMAT (316092881) 11,588 $523,198.20
3.32% SPDR SER TR S&P REGL BKG KRE (78464A698) 7,976 $506,001.66
3.12% VANGUARD MALVERN FDS STRM INFPROIDX VTIP (922020805) 9,042 $476,151.72
2.78% ISHARES TRUST DJ HOME CONSTN ITB (464288752) 6,020 $424,650.80
2.16% ISHARES TR FLTG RATE NT ETF FLOT (46429B655) 6,472 $328,712.88
1.88% FIDELITY COVINGTON TRUST MSCI INDL INDX FIDU (316092709) 5,418 $286,395.48
1.73% INVESCO CURRENCYSHARES EURO TR EURO SHS FXE (46138K103) 2,411 $263,787.51
1.62% SPDR SER TR S&P SEMICNDCTR XSD (78464A862) 1,204 $247,502.91
1.55% SPDR SER TR BLOOMBERG SRT TR SJNK (78468R408) 8,590 $235,709.60
1.42% SPDR SER TR S&P METALS MNG XME (78464A755) 5,117 $216,310.92
1.33% INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR CUT (46138E545) 5,418 $202,064.85
1.28% SPDR SER TR BLOMBRG BRC INTL IBND (78464A151) 5,425 $194,974.50
1.27% SPDR SER TR S&P HOMEBUILD XHB (78464A888) 2,558 $193,852.08
1.21% SPDR SER TR S&P RETAIL ETF XRT (78464A714) 1,956 $184,239.28
0.84% INVESCO CURRENCYSHARES JAPANES JAPANESE YEN FXY (46138W107) 1,507 $128,773.15
0.54% ISHARES TR MBS ETF MBB (464288588) 754 $81,771.30
0.51% ISHARES BARCLAYS TIPS BOND FUND TIP (464287176) 609 $78,378.30
0.39% VANECK ETF TRUST JP MRGAN EM LOC EMLC (92189H300) 1,959 $59,827.86
0.26% INVESCO CURRENCYSHARES BRIT PO BRIT POUN STRL FXB (46138M109) 301 $39,840.51

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. The Prospectus contains this and other information about the Fund. For a current Prospectus, call toll-free 1-866-306-8117. Please read the Prospectus carefully before you invest. Investing involves risk, including the possibility of loss of principal.

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. The Adviser has voluntarily agreed to reimburse fees. This agreement may change or end at any time. Performance would have been lower without expense reimbursement in effect.

Risks of Investing in the Fund

Asset Allocation Risk: The Fund may favor an asset category or investment strategy that performs poorly to other asset categories and investment strategies for short or long periods of time.

Foreign and Emerging Markets Securities Risk: Investments in securities and instruments traded in developing or emerging markets, or that provide exposure to such securities, can involve additional risks relating to political, economic, or regulatory conditions not associated with investment in U.S. securities and instruments.

Market Risks: Common stocks are susceptible to general stock market fluctuations and to volatile increases and decreases in value as market confidence and perceptions of their issuers change.

Fixed Income Securities Risk: Issuers of bonds may not be able to make interest or principal payments, or may suffer adverse changes in financial condition that could lower the credit quality.

Quantitative Investment Approach Risk: The Fund utilizes a quantitative investment approach. There may be market conditions where the quantitative investment approach performs poorly.

Managed Futures Strategy/Commodities Risk: Investments in managed futures programs or commodities may subject an Underlying Investment to greater volatility than investments in traditional securities.

Sector Risk: The Fund’s investing approach may dictate an emphasis on certain sectors, industries, or sub-sectors of the market. The Fund may invest more heavily in one sector, industry, or sub-sector; or may lack exposure to one or more sectors, which may adversely affect performance.

Distributor: Compass Distributors, LLC