High Yield Trend ETF

HYTR

As of September 22nd, 2021

MARKET PRICE

$24.23

DAILY CHANGE

0.06 (0.25%)

YTD RETURN

3.18%

NAV

$24.24

PREMIUM/DISCOUNT

-0.01

HYTR is a defensive diversifier exchange traded fund (ETF) that uses an ensemble of trend following and time series momentum to alternate exposure between high yield corporate bonds and low duration U.S. Treasuries.

Key Advantages

Tax advantaged

ETF wrapper has potential to minimize capital gain events resulting from internal active management

Robust model

Ensemble of trend following signals adds model diversification

Liquidity

Deep liquidity of underlying holdings translates to deep liquidity for this alternative ETF


Strategy

A blended trend following and time series momentum strategy that changes exposure, in 20% increments, based on a blended score from 202 weighted signals.

Risk-On: 100% High Yield Corporate Bond ETFs

When the blended score is above 90% for at least five consecutive business days, exposure to liquid High Yield Corporate Bond ETFs will usually be set to 100%. The blended score is derived from the percentage of closing prices of a reference index above 101 different moving averages and lookback returns being positive for 101 time-series momentum signals. From the Risk-On position the Index can change to the Blended Position.

Blended Score
Momentum Signal
Moving Average Signal
Final Allocation

Blended: High Yield Corporate Bond ETFs & U.S. 3-7 Year Treasury ETFs

When not in the Risk-On or Risk-Off position the Fund can hold a blended 80/20, 60/40, 40/60 or 20/80 allocation of High Yield Corporate Bond ETFs and U.S. 3-7 Year Treasury ETFs. The CP High Yield Trend Index determines the optimal allocation, rounded to the nearest 20% increment to reduce turnover and transaction costs, using a 75%/25% blend of the 101 moving average and 101 time series (momentum) lookback return signals. The final allocation can only change exposure in increments of 20% day-over-day and will remain unchanged if the rounded allocation varies by more than 5% from the recommended allocation.

Risk-Off: 100% U.S. 3-7 Year Treasury ETFs

When the blended score is below 10% for at least five consecutive business days, exposure to U.S. 3-7 Year Treasury ETFs will usually be set to 100%. The blended score is derived from the percentage of closing prices of a reference index above 101 different moving averages and lookback returns being positive for 101 time-series momentum signals. From the Risk-Off position, the Fund can change to the blended position.



There is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses.

Want to learn more about the CP High Yield Trend Index?

Facts

FUND DETAILS

As Of 2021-09-22
TickerHYTR
Primary ExchangeNYSE
Cusip66538R722
ISINUS66538R722
Inception Date2020-01-21
Net Assets9090611
Shares Outstanding375000
VolumeN/A
Volume (Avg 3 Month)N/A
30 Day Median Mid Bid-Ask Spread0%
Gross Expense Ratio1.48%
Net Expense Ratio (After Waivers)0.97%
Net Expense Ratio (After Waivers Excluding Acquired Fund Expenses)0.60%
Advisor Management Fee0.50%
IOPV TickerHYTR.IV
Related Index TickerHYTREND Index

The Adviser has contractually agreed to waive its fees and reimburse expenses of the Fund, until at least January 31, 2022 to ensure that total annual fund operating expenses after fee waiver and/or reimbursement will not exceed 0.60% of the Fund’s net assets. This is excluding (i) of any front-end or contingent deferred loads; (ii) brokerage fees and commissions; (iii) acquired fund fees and expenses; (iv) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses); (v) borrowing costs (such as interest and dividend expense on securities sold short); (vi) taxes; and (vii) extraordinary expenses, such as litigation expenses (which may include indemnification of Fund officers and Trustees, contractual indemnification of Fund service providers,other than the Adviser). This fee waiver and expense reimbursement are subject to possible recoupment from the Fund within the three years after the fees have been waived or reimbursed, if such recoupment can be achieved within the lesser of the foregoing expense limits in place at the time of recapture. This agreement may be terminated only by the Trust’s Board of Trustees on 60 days’ written notice to the Adviser.

Recent Perspectives


Fund Literature



Holdings

NAMESYMBOLNET ASSET %MARKET PRICE($)SHARES HELDMARKET VALUE
ISHARES IBOXX HIGH YLD COHYG0.49987.9151554$4532112
SPDR BBG BARC HIGH YIELDJNK0.5016109.8441475$4555614
US DOLLARS0.002118525.5$18525
Download Holdings



Distributions

Ex-DateRecord DatePay DateShort-Term Capital GainsLong-Term Capital GainsDividend IncomeTotal Distribution
02/14/2002/18/2002/24/200.09580.0958
03/13/2003/16/2003/23/200.08360.0836
04/15/2004/16/2004/21/200.0140.014
05/15/2005/18/2005/26/200.01050.0105
06/15/2006/16/2006/22/200.01040.0104
07/15/2007/16/2007/21/200.02450.0245
08/14/2008/17/2008/24/200.07170.0717
09/15/2009/16/2009/21/200.08280.0828
10/15/2010/16/2010/21/200.07070.0707
11/13/2011/16/2011/23/200.09970.0997
12/15/2012/16/2012/21/200.17010.1701
02/12/2102/16/2102/22/210.07170.0717
03/15/2103/16/2103/22/210.07480.0748
04/15/2104/16/2104/21/210.06990.0699
05/14/2105/17/2105/24/210.0710.071
06/15/2106/16/2106/21/210.0670.067
07/15/2107/16/2107/21/210.07420.0742
08/13/2108/16/2108/23/210.10010.1001
09/15/2109/16/2109/21/210.06690.0669




Portfolio Managers

Joseph Engelberg, Ph.D

Ph.D. in Finance, Northwestern University

Michael Krause, CFA

MBA, University of California San Diego






STAY CONNECTED

Mutual Funds involve risk including the possible loss of principal. Investors should carefully consider the investment objectives, risks, charges and expenses of the funds managed by Counterpoint Funds. This and other important information about the funds is available in their prospectuses, which can be obtained at counterpointfunds.com or by calling 844-273-8637. The prospectuses should be read carefully before investing. The Counterpoint Funds fund family is distributed by Northern Lights Distributors, LLC member FINRA/SIPC. To reach the Counterpoint sales team, please refer to our contact page.

 

Important Risk Information


Investments in the CP High Yield Trend Fund involves risk including possible loss of principal and may not be suitable for all investors.  The Fund is new with a limited history of operations.  There is no assurance that the Fund’s strategy for allocating assets will achieve its investment objectives. The extent that Authorized Participants (AP) exit the business or are unable to proceed with creation or redemption orders, Fund shares may be more likely to trade at a premium or discount to net asset value and possibly face trading halts or delisting.  Issuers of a security and other instruments may not be able to make principal and interest payments when due.  Fluctuation in the value of equity securities held by the Fund causes the net asset value of the Fund to fluctuate.

The Fund is structured as an ETF and is subject to risks including, market price variance, trading issues and not being individually redeemable.  ETF investments involve advisory and other expenses which will be indirectly paid by the Fund. The Fund’s investments may include ETFs with foreign securities, which are subject to risks beyond those associated with investing in domestic securities.  Growth stocks may react differently to market events and are subject to more abrupt market movements.  The Fund’s income may decline when yields fall and an increase in rates may cause the value of securities held by the Fund to decline.  High yield or ‘junk’ bonds present greater risk than bonds of higher quality.  There is no assurance that the Index Provider will compile, compose or calculate the index accurately and the Fund’s performance may diverge from that of the index.

ETF shares are not redeemable with the issuing fund other than in large Creation Unit aggregations. Instead, investors must buy or sell ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling. The NAV of the Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). Shares are bought and sold at market price (closing price) not NAV. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined).

An active secondary market for the Fund’s shares may not exist. Although the Fund’s shares will be listed on an exchange, subject to notice of issuance, it is possible that an active trading market may not develop or be maintained. There is no guarantee that distributions will be paid. 

5516-NLD-09/01/2021

 

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