The Fund pursues its investment objective by investing its assets in the Index constituents. The Index’s construction begins by identifying two universes of stocks:
Under normal circumstances, the Fund generally will replicate the Index by investing in all of the securities in the Index in proportion to their weighting in the Index. However, the Fund may invest in a representative sample of the Index if replicating the Index could be detrimental or disadvantageous to shareholders, such as when it is difficult or substantially expensive to compile a portfolio of securities to replicate the Index, if a security in the Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Index.
To the extent the Index is focused in a particular sector, the Fund necessarily will be focused in that sector. The sectors in which the Index components, and thus the Fund’s investments, may be focused will vary as the composition of the Index changes over time. The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended (the “1940 Act”) and, accordingly, may invest a relatively high percentage of its assets in a limited number of issuers.
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of large capitalization companies included in the Index. This investment policy may be changed by the Fund upon 60 days’ prior written notice to shareholders. The Fund considers large capitalization companies to be those with market capitalizations of at least $6 billion.
Scott Freeze acts as both the Portfolio Manager and Chief Investment officer for SPQQ.
Mr. Freeze is responsible for the Quarterly rebalances of the fund in accordance with the Siren Large Cap Blend Index.
The Index invests equally in the top 30 of the largest 500 U.S. companies, and the top 30 of the largest 100 companies listed on Nasdaq.
The Index is rebalanced quarterly and reconstituted annually.
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Fund NAV | Closing Price |
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| YTD | ||
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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.
| Ticker | SPQQ |
| Inception Date | 7/1/20 |
| CUSIP | 829658103 |
| ISIN | – |
| Bloomberg Index Ticker | – |
| Primary Exchange | Nasdaq |
| Net Assets | |
| NAV | |
| Shares Outstanding | |
| Total Expense Ratio | 0.20% |
| Median 30 Day Spread % | % |
| Premium/Discount | % |
“The companies we identify can be put into a portfolio designed to give Retail and Institutional investors key, focused opportunities, with the continued goal of lower costs than the peer universe.”
There is no guarantee that investment objectives will be achieved.
