Strive funds are available through online brokerage firms.
STXT
Strive Total Return Bond ETF
Fund objective
The Strive Total Return Bond ETF (STXT) seeks to maximize total return.
Fund description
STXT offers actively managed core fixed income exposure benchmarked to the Bloomberg US Aggregate Bond Index with a tactical allocation to structured credit and high-yield corporates. Strive aims to unlock value through an unwavering commitment to shareholder capitalism with sector allocation and security selection solely based on credit risk and asset price. We do not consider non-pecuniary factors in investment analysis decisions.
| Fund Data & Pricing | |
|---|---|
| Net Assets as of 12/01/2023 | $61.56m |
| NAV | $20.05 |
| Shares Outstanding | 3,070,000 |
| Premium/discount Percentage | 0.06% |
| Closing Price | $20.07 |
| Median 30 Day Spread | 0.20% |
Data as of 12/01/2023
IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every fifteen seconds throughout the trading day.
Median 30 Day Spread is a calculation of Fund's median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund's national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
The Fund expects to declare and to distribute its net investment income, if any, to shareholders as dividends on a monthly basis. The amount of any distribution will vary, and there is no guarantee a Fund will pay either an income dividend or a capital gains distribution
| Fund Information | |
|---|---|
| Inception Date | 08/10/2023 |
| Primary Exchange | NYSE |
| Ticker | STXT |
| CUSIP | 02072L 458 |
| IOPV Symbol | STXT.IV |
| NAV Symbol | STXT.NV |
| Expense Ratio | 0.49% |
| SEC 30 Day Yield* | 5.49% |
| Yield to Worst | 6.30% |
* As of 10/31/2023
Yield to Worst is a measure of the lowest possible yield that can be received on a bond that fully operates within the terms of its contract without defaulting.
30 Day SEC Yield The yield is calculated with a standardized formula and represents net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's share price. The yield includes the effect of any fee waivers and/or reimbursements. Without waivers, yields would be reduced. This is also referred to as the "standardized yield", “30-Day Yield” and “Current Yield”.
| Performance | Quarter end returns as of 09/30/2023 | |||
|---|---|---|---|---|
| AVG. Annualized | ||||
| Quarter | 1 Year | 3 Year | Since Inception | |
| Fund NAV | - | - | - | -1.79% |
| Market Price | - | - | - | -1.40% |
| Benchmark Index | - | - | - | - |
Expense ratio: 0.49%
Inception Date: 08/10/2023
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 855-427-7360. Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns.
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
| Distribution Detail | |||
|---|---|---|---|
| EX- Date | Record Date | Income | Payable Date |
| 11/28/2023 | 11/29/2023 | 0.08350470 | 11/30/2023 |
| 10/27/2023 | 10/30/2023 | 0.08778876 | 10/31/2023 |
| 09/27/2023 | 09/28/2023 | 0.10097113 | 09/29/2023 |
| TOP 10 HOLDINGS | |||||
|---|---|---|---|---|---|
| % Of Net Assets | Name | Ticker | CUSIP | Shares Held | Market Value |
| 15.46% | US 10YR NOTE (CBT)Mar24 | TYH4 Comdty | TYH4 COMDTY | 86 | 9,517,781.25 |
| 9.78% | US 5YR NOTE (CBT) Mar24 | FVH4 Comdty | FVH4 COMDTY | 56 | 6,018,687.53 |
| 3.94% | Cash & Other | Cash&Other | Cash&Other | 2,424,391 | 2,424,391.12 |
| 3.65% | US LONG BOND(CBT) Mar24 | USH4 Comdty | USH4 COMDTY | 19 | 2,244,968.75 |
| 3.16% | GNMA PASS-THRU M SINGLE FAMILY 5% 08/20/2053 | 36179YDJ0 | 36179YDJ0 | 1,987,694 | 1,946,530.84 |
| 2.99% | UNITED STATES TREAS NTS 4.125% 10/31/2027 | 91282CFU0 | 91282CFU0 | 1,850,000 | 1,842,195.31 |
| 2.81% | UNITED STATES TREAS NTS 3.125% 08/15/2025 | 91282CFE6 | 91282CFE6 | 1,775,000 | 1,730,208.98 |
| 2.62% | GNMA PASS-THRU M SINGLE FAMILY 5.5% 12/20/2052 | 36179XNG7 | 36179XNG7 | 1,611,119 | 1,610,542.22 |
| 2.60% | GNMA PASS-THRU M SINGLE FAMILY 6% 03/20/2053 | 36179XVU7 | 36179XVU7 | 1,582,295 | 1,600,828.42 |
| 2.22% | GNMA PASS-THRU M SINGLE FAMILY 6% 01/20/2053 | 36179XQY5 | 36179XQY5 | 1,351,030 | 1,366,854.61 |
Data as of 12/04/2023. Holdings are subject to change.
