WEIX

Dynamic Short Short-Term Volatility Futures ETF

Current market valuations in traditional asset classes like equities and bonds could make attractive returns difficult to achieve.  In our view, one source of attractive returns that remains is volatility premium harvesting, or the return generated by selling volatility.  In an attempt to collect that return, investors can purchase shares of ETFs that sell VIX futures.

But selling volatility can be tricky. Without a calculated approach, it can potentially wipe out years of gains and principal in a single drawdown. We believe many investors are mechanically shorting the VIX, with no regard as to whether the VIX is at an all-time low or at an all-time high. They potentially purchase the same amount of short exposure no matter the environment. 

That doesn’t make sense to us. What if there was a better way?

We are Dynamic Shares, a firm led by a management team with over 100 years of combined trading experience.

  • Our first ETF, WEIX offers convenient access to a complex institutional-caliber investment strategy.
  • The ETF was designed with a responsive approach to shorting volatility, adjusting its exposure as needed. It gradually increases short exposure to the S&P 500 VIX Short- Term Futures Index as the VIX rises and decreases it as the VIX falls. *
  • WEIX uses predetermined market signals to close its short VIX exposure (something we call "stress mode" triggering), in an attempt to protect your investment in extremely volatile markets.
  • Our ETF aims to add value to investor portfolios while simultaneously preserving capital during periods of extreme volatility.

*The Fund has no operating history, and the information in the immediately preceding sentence is derived from back-testing. Shareholders should not rely on such back-tested information in making an investment decision.

FUND DATA & PRICING
Net Assets as of 01/26/2022 $2.74m
NAV $18.26
Shares Outstanding 150,000
Premium/discount Percentage 0.17%
Closing Price $18.29
Median 30 Day Spread ---

Data as of 01/26/2022

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every 15 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 1/13/2022
Ticker WEIX
Primary Exchange NYSE ARCA
CUSIP 26800L100
NAV Symbol WEIX.NV
Expense Ratio* 1.85%

*The expense ratio does not include brokerage commissions and related fees paid by the Fund.

PERFORMANCE QUARTER END RETURNS AS OF 3/31/2022
  AVG. ANNUALIZED
  QUARTER 1 YEAR 3 YEAR SINCE INCEPTION
Fund NAV 00.00% 00.00% 00.00% 00.00%
Market Price 00.00% 00.00% 00.00% 00.00%

Expense ratio: 1.85%

Inception Date:  1/13/22

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 (312) 216-2890.

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
-3.08% VXH2 VXH2 VXH2 -3 -84,329.70
-7.32% VXG2 VXG2 VXG2 -7 -200,431.00

Data as of 01/26/2022. Holdings are subject to change.