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ASYMmetric Smart Income ETF (MORE)

Engineered to generate higher income than the S&P 500 with less risk.

What does MORE seek to offer investors?

  • Higher Income: MORE, in a Risk-On position, aims to generate high-quality income from the high-income-producing asset classes of MLPs, REITs, and Utilities in a bull market.
  • Safety: This position seeks protects capital when high-income producing asset classes are in a bear market, reallocating to U.S. treasuries.
  • Security: Risk-Off is triggered only if no bull markets exist in either high-income equities or bonds. In this position, the fund moves into cash.

MORE Overview

Goal: ASYMmetric Smart Income ETF (MORE) is designed to generate more income, with less risk. It seeks to generate greater than 2x more income than the S&P 500 over a market cycle. MORE seeks to accomplish these goals by dynamically allocating to high-income-producing asset classes of MLPs, REITs, and Utilities when they are in a bull market and away from them into the relative safety of U.S. Treasuries or the principal security of cash in a bear market.

Income is valuable only if principal is secure. MORE looks to identify high-income assets that are in a bull market, offering high current income with the potential for principal growth. MORE does not use leverage or derivatives to achieve its investment goals of maximum income with less risk.

The Smart Income ETF is designed for conservative investors who want more income, but not more risk. MORE may be used as a fixed income replacement. We suggest considering a target allocation of 25% of fixed income.

MORE Current Risk Environment

RISK ENVIRONMENT

  • Risk Off
  • Risk On

*As of 02/28/23

Source: ASYMmetric Investment Solutions Investments cannot be made in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges. Past performance is no guarantee of future results.

There is no guarantee principal protection will be achieved.

FUND EXPOSURE

*As of 02/28/23

Source: ASYMmetric Investment Solutions Investments cannot be made in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges. Past performance is no guarantee of future results.

There is no guarantee principal protection will be achieved.

Master Limited Partnerships (MLPs)

  • Walk WALK

Price Momentum Indicator

*As of 2/28/23

Source: ASYMmetric Investment Solutions. An index cannot be made into an investment. Unmanaged index returns do not reflect any fees, expenses or sales charges. The fund's investments are designed to respond to volatility relying on the proprietary model developed by the index provider, however, there may be factors which limit the accuracy of the model that may adversely affect the fund. Past performance is no guarantee of future results.

Real Estate Investment Trusts (REITs)

  • DON'T WALK DON'T WALK

Price Momentum Indicator

*As of 2/28/23

Source: ASYMmetric Investment Solutions. An index cannot be made into an investment. Unmanaged index returns do not reflect any fees, expenses or sales charges. The fund's investments are designed to respond to volatility relying on the proprietary model developed by the index provider, however, there may be factors which limit the accuracy of the model that may adversely affect the fund. Past performance is no guarantee of future results.

Utility Sector (Utilities)

  • DON'T WALK DON'T WALK

Price Momentum Indicator

*As of 2/28/23

Source: ASYMmetric Investment Solutions. An index cannot be made into an investment. Unmanaged index returns do not reflect any fees, expenses or sales charges. The fund's investments are designed to respond to volatility relying on the proprietary model developed by the index provider, however, there may be factors which limit the accuracy of the model that may adversely affect the fund. Past performance is no guarantee of future results.

MORE Details
Ticker MORE
Investment Adviser ASYMmetric ETFs, LLC
Inception Date 2/1/2023
Exchange NYSE
Expense ratio 0.75%
CUSIP 04651A309
NAV Symbol MORE.NV
IOPV Symbol MORE.IV
30 Day SEC yield* NA

* As of 2/28/23

Fund Documents
Fact Sheet
Summary Prospectus
SAI
Prospectus

MORE Data & Pricing
Net Assets as of 03/21/2023 $665,039.13
NAV $22.17
Shares Outstanding 30,000
Premium/discount Percentage 0.04%
Closing Price $22.18
30 Day Median Bid/Ask Spread 0.42%

Data as of 03/21/2023

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.

MORE Performance
CUMULATIVE
As of 3/31/2023 As of 3/31/2023
  1 Month YTD Since Inception 1 Month 3 Month 1 Year Since Inception
Market Price 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Fund NAV 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
S&P 500® TR Index 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Capture Ratio              
Market Price - S&P 500® 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NAV - S&P 500® 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Expense ratio: 0.75%

Inception Date: 2/1/23


Performance quoted represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Any applicable brokerage commissions will reduce returns. Market price returns are based on 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.

Top 10 Holdings
Percentage Of Net Assets Name Identifier CUSIP Shares Held Market Value
4.97 KINETIK HOLDINGS INC KNTK 02215L209 1053.00 33074.73
4.65 KINDER MORGAN INC DEL KMI 49456B101 1837.00 30898.34
4.64 ENBRIDGE INC ENB CN 2466149 832.00 30839.08
4.60 ANTERO MIDSTREAM CORP AM 03676B102 2973.00 30621.90
4.58 DT MIDSTREAM INC DTM 23345M107 624.00 30426.24
4.57 WILLIAMS COS INC WMB 969457100 1041.00 30376.38
4.51 TARGA RES CORP TRGP 87612G101 423.00 30011.85
4.49 TC ENERGY CORP TRP CN BJMY6G0 784.00 29888.71
4.49 GIBSON ENERGY INC GEI CN B44WH97 1857.00 29880.42
4.47 KEYERA CORP COM KEY CN B3SGMV5 1414.00 29700.60

Data as of 03/22/2023

Fund holdings and allocations are subject to change and are not recommendations to buy or sell any security. Current and future portfolio holdings are subject to risk. Please refer to the Schedule of Investments contained in this report for a full listing of fund holdings.

DOWNLOAD FULL HOLDINGS

Important Fund Risks
There is no guarantee the Fund's investment strategy will be a success or that the protection sought by the fund will be achieved. Investment loss is possible.
 

New Fund Risk: The Fund is a recently organized investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. REIT Investment Risk: Investments in REITs involve unique risks. REITs may have limited financial resources, may trade less frequently and in limited volume, and may be more volatile than other securities. REITs may be affected by changes in the value of their underlying properties or mortgages or by defaults by their borrower or tenants. Utilities Sector Risk: Utility companies are affected by supply and demand, operating costs, government regulation, environmental factors, liabilities for environmental damage and general civil liabilities, and rate caps or rate changes. The value of regulated utility equity securities may tend to have an inverse relationship to the movement of interest rates. Debt Securities Risk: Investments in debt securities subject the holder to the credit risk of the issuer. Credit risk refers to the possibility that the issuer or other obligatory of a security will not be able or willing to make payments of interest and principal when due. Generally, the value of debt securities will change inversely with changes in interest rates. During periods of falling interest rates, the income received by the Fund may decline. U.S. Treasury Securities Risk: U.S. Treasury securities may differ from other securities in their interest rates, maturities, times of issuance and other characteristics. Although U.S. Treasury securities are backed by the “full faith and credit” of the United States, the U.S. Government does not guarantee the market value of these securities, and consequently, the market value of such securities may fluctuate MLP Risk: MLP investment returns are enhanced during periods of declining or low interest rates and tend to be negatively influenced when interest rates are rising. In addition, most MLPs are fairly leveraged and typically carry a portion of a “floating” rate debt. As such, a significant upward swing in interest rates would also drive interest expense higher. Fixed Income v Equity Risk: There are material differences between fixed income and equity assets to consider. Stocks have unlimited growth potential but also more volatile and involve greater risks. While stocks give investors partial ownership in a corporation, bonds are issued debt which are subject credit, interest, and prepayment risk, but tend to provide more stability through regular income payments but less upside.  Bonds are also higher on the capital structure, therefore, in the event of insolvency a bond’s principal will be returned before an equity shareholder, which are last in line in the capital structure.

Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus and a summary prospectus, copies of which may be obtained at asymhares.com. Read the prospectus carefully before investing.

Distributor, Foreside Fund Services, LLC.