GDMA

Fund Description
The Gadsden Dynamic Multi-Asset ETF (the Fund or the Multi-Asset Fund ) seeks total return. The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing (i) approximately 80% of its total assets with exposure to a variety of asset classes, geographies, and market capitalizations generally based on a long-term view of macroeconomic factors (the strategic sleeve ) and (ii) approximately 20% of its total assets to add or reduce exposure to one or more asset classes generally based on a short-term view of the market (the tactical sleeve ). The Fund s investment adviser, Gadsden, LLC (the Adviser ), selects the asset classes to be included in the strategic and tactical sleeves, rather than individual securities or other instruments. For each asset class in which the Fund invests, the Fund s sub-adviser will determine whether the Fund will invest directly in securities or other instruments of such asset class or indirectly through one or more pooled vehicles (e.g., other ETFs) that primarily invest in such securities or other instruments. Consequently, the Fund s investments in other investment companies may range from 0% to 100% of the Fund s portfolio.
Fund Profile
Fund Name Gadsden Dynamic Multi-Asset ETF
Fund Exchange Ticker GDMA
Fund Sponsor Gadsden
Fund ISIN US26922A3547
Net Expense Ratio 0.59 %
Fund Inception Date 15 November 2018
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Multi-Asset / Other
Asset Class Target Date / Multi-Asset
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Key Statistics
Return As of Date 16 January 2019
Asset Under Management 10.31 Million (USD)
1 Month Total Return -1.06 %
Year To Date Return 0.98 %
1 Year Total Return
3 Year Annualized Total Return
NAV 24.26
Share Outstanding 425,000
Top 10 Holdings (16 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
UNITED STATES TREAS BDS 3.375% 11/15/2048 BOND 0.2928000000
PROSHARES SHORT HIGH YIELD SJB ETF 0.1172000000
SCHWAB STRATEGIC TR US BRD MKT ETF SCHB EQUI 0.0782000000
SCHWAB STRATEGIC TR EMRG MKTEQ ETF SCHE EQUI 0.0780000000
ISHARES INC CUR HD MSCI EM HEEM ETF 0.0779000000
VANGUARD WORLD FD EXTENDED DUR EDV EQUI 0.0733000000
UNITED STATES TREAS BILLS BILL 0.0495000000
ISHARES INC EM MKTS DIV ETF DVYE ETF 0.0262000000
SCHWAB STRATEGIC TR SCHWB FDT EMK LG FNDE EQUI 0.0261000000
VANGUARD HEALTH CARE ETF VHT ETF 0.0261000000