Tuttle Tactical Management begun trading the Tuttle Tactical Management Multi-Strategy Income ETF (Nasdaq: TUTI) on Friday, June 12, 2015.
Here is a synopsis of the new ETF:
|Symbol: TUTI||Exchange: Nasdaq|
|Name: Tuttle Tactical Management Multi-Strategy Income ETF||Net Expense Ratio: 0.90%|
The Tuttle Tactical Management Multi-Strategy Income ETF seeks capital preservation and income with a secondary emphasis on long-term capital appreciation.
The Fund is a “fund of funds” that seeks to achieve its investment objective by employing a multi-strategy, tactically-managed exposure to income producing securities. Under normal market conditions, the Fund will invest not less than 80% of its total assets in income-producing securities. For purposes of this policy, “income-producing securities” include:
(i) dividend-paying equity securities (e.g., common stocks, preferred stocks or convertible securities paying dividends, or real estate investment trusts (REITs)),
(ii) fixed income securities, such as corporate and government bonds,
(iii) ETPs that employ a covered call options strategy (collectively, “Income ETPs”),
(iv) cash and cash equivalents, and
(v) exchange-traded products (ETPs), such as exchange-traded funds (ETFs) or exchange-traded notes (ETNs), that invest in any of the foregoing.
Tuttle Tactical Management, LLC, the Fund’s investment sub-adviser (Sub-Adviser), manages the Fund’s assets using a tactical rotation approach premised on the following principles of the Sub-Adviser’s investment philosophy:
a. markets move in recognizable short and intermediate-term trends and countertrends,
b. over the intermediate term, strong asset classes tend to stay strong, while weak asset classes tend to continue in weakness, and
c. over the shorter term, markets are dominated by media noise, fear and similar short-term disruptions and concerns.
The Sub-Adviser believes that the above principles can cause markets to overreact positively or negatively, only to eventually retreat towards equilibrium. The Sub-Adviser will seek to capitalize on such trends by generally managing the Fund’s assets using one or more of the following 4 uncorrelated tactical models:
1. Income Relative Momentum Model,
2. Dividend Counter-Trend Model,
3. Dividend Tactical Fundamental Earnings Model,
4. Dividend Absolute Momentum Model.
The Sub-Adviser will generally seek to invest at least half of the Fund’s assets in the Income Relative Momentum Model (in one or more Income ETPs on evaluation of their relative strength, as determined on a monthly basis), and will allocate the remainder of the Fund’s assets in one or more of the other 3. tactical models.
Fund Top Holdings (06/12/15):
Name of ETF
|CWB||SPDR BARCLAYS CONVERTIBLE SECURITIES ETF||53.62%|
|EMB||ISHARES JP MORGAN USD EMERGING MARKETS BOND ETF||44.28%|
|TBF||PROSHARES SHORT 20+ TREASURY||2.11%|
TUTI Home Page