DKRB Decarbonization ETF

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The Subversive Decarbonization ETF (Ticker: DKRB) primarily invests in equity securities of companies that are decarbonizing the energy sector. That includes investments in nuclear, wind, solar, and more efficient uses of oil and gas. It also includes supporting the underlying decarbonization infrastructure, the technology, and tools necessary to decarbonize the global energy supply chain. 

Targets will include companies dedicated to battery technology, wind and solar networks, nuclear energy, infrastructure, complimentary technology, and other companies involved in the production, distribution, and delivery of water and pricing of carbon.

Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in securities of Decarbonization Companies.

In selecting investments for the Fund, we will primarily utilize quantitative factors while also considering qualitative ones, with a view toward growth and earning potential. In the selection process, we will give greater weight to Decarbonization Companies whose primary business models and growth prospects are aligned with building either infrastructure or applications that are necessary for decarbonization.

While renewable energy sources are likely not the sole, ultimate solution to decarbonization, we believe there is currently both economic and social value in renewable businesses. The Fund may, from time to time, invest in both wind and solar networks, but will consider whether such investments are appropriate for inclusion in DKRB’s portfolio on a cash flow valuation basis rather than the future valuation often
given to green energy projects. Notably, the Fund does not consider “decarbonization” to mean “no carbon”. Rather, DKRB will invest in companies that stand to benefit from the global economic trend toward decarbonization. As a result, some anticipated portfolio companies will have exposure to natural gas as a transitory fuel, while generally avoiding crude oil.

 

FUND DATA & PRICING
Net Assets as of 03/01/2024 $496,209.80
NAV $19.85
Shares Outstanding 25,000
Premium/discount Percentage 0.29%
Closing Price $19.91
Median 30 Day Spread 0.90%

Data as of 03/01/2024

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.

FUND DETAILS
Inception Date 12/22/2022
Primary Exchange CBOE
Ticker DKRB
CUSIP 81752T569
IOPV Symbol DKRB.IV
NAV Symbol DKRB.NV
Expense Ratio 0.75%
30 Day SEC Yield *
PERFORMANCE As of 12/31/2023
 
  QUARTER 1 YEAR 3 YEAR SINCE INCEPTION
Fund NAV -5.07% -0.47% 00.00% -0.92%
Market Price -5.39% -0.65% 00.00% -1.15%
Benchmark Index 11.69% 26.29% 00.00% 25.06%

Expense ratio: 0.75%

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.

DISTRIBUTION DETAIL
EX-DATE RECORD DATE 1 YEAR PAYABLE DATE
XXXX XXXX XXXX XXXX
XXXX XXXX XXXX XXXX
TOP 10 HOLDINGS
% OF NET ASSETS NAME TICKER CUSIP SHARES HELD MARKET VALUE
17.94% Cash & Other Cash&Other Cash&Other 89,014 89,013.76
7.90% BOSS ENERGY LTD BOE AU B1XLCQ6 12,593 39,224.89
7.71% URANIUM ENERGY CORP UEC 916896103 5,516 38,281.04
7.23% CAMECO CORP CCO CN 2166160 855 35,887.49
5.12% UR ENERGY INC COM URE CN B0CJW86 15,309 25,404.91
4.73% NEXGEN ENERGY LTD NXE CN B987K72 3,039 23,489.86
4.33% Encore Energy Corp EU CN BN48958 5,428 21,498.22
4.27% DEEP YELLOW LTD DYL AU 6480275 25,742 21,180.05
4.24% CENTRAL PUERTO S A CEPU 155038201 2,588 21,040.44
4.21% BANNERMAN ENERGY L BMN AU B07DXJ1 10,777 20,901.07

Data as of 03/04/2024. Holdings are subject to change.