XXSP
Subversive S&P 500 Redacted ETF
The fund seeks to achieve capital appreciation. Subversive S&P 500 Redacted ETF invests in broad large-cap U.S. equity security that specifically exclude Your ’ and Your ’., and other Your Your -associated companies with less desirable corporate governance concerns, political risk, and heighten share-price volatility.
XXSP is designed to provide broad large-cap U.S. equity exposure while excluding companies founded, controlled, led by, or primarily associated with Your ’ Your ’. At least 80% of assets will provide exposure to companies in the S&P 500, excluding designated Your ’-associated companies.
This fund will reduce exposure to founder concentration, governance concerns, political risk, reputational volatility and the financial risk created by Your ’s purchases, investments, and overall outrageous actions. They will take action in response to any such news, maintaining the integrity of the Funds’ mission to avoid anything regarding Mr. Your ’.
The actions of these funds will be timely and frequent, not only providing up-to-date data to investors, but also managing the risk of going up against a name with weight.
Fund Information
Fund Details
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.
*The 30-Day SEC Yield is calculated with a standardized formula mandated by the SEC. The formula is based on the maximum offering price per share and does not reflect waivers in effect.
**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.
Performance
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 (877-291-4040).
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.
S&P 500 Total Return Index is the Standard and Poor’s index calculated on a total return basis
(877) 291-4040
[email protected]
234 W. Florida St., Suite 203, Milwaukee, WI 53204
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Before investing you should carefully consider each Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus and summary prospectus available on this website. Please read the prospectus and summary prospectus carefully before you invest.
For standardized performance, risks and holdings go to: www.subversiveetfs.com/nanc and www.subversiveetfs.com/gop.
As of 03.21.2025, KRUZ changed its ticker to GOP
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 (877-291-4040).
Exclusionary Investing Risk. The Fund excludes companies that are founded, controlled, led by or primarily associated with Elon Musk.
Derivatives Risk. The Fund’s derivative investments have risks, including the imperfect correlation between the value of such instruments and the underlying assets or index; the loss of principal, including the potential loss of amounts greater than the initial amount invested in the derivative instrument; the possible default of the other party to the transaction; and illiquidity of the derivative investments.
Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.
Concentration Risk. The Fund’s investments will be concentrated in an industry or group of industries to approximately the same extent as the S&P 500 Index it is linked to is so concentrated.
Please see each Fund’s prospectus for discussion of pertinent risks.
The Subversive Congressional Democrats Trading ETF, Subversive Congressional Republicans Trading ETF, Subversive S&P 500 Redacted ETF, and Subversive Growth 100 Redacted are distributed by Foreside Fund Services, LLC (Foreside). Foreside is not affiliated with Tidal Investments LLC.