The Conductor Global Equity Value ETF

Fund Details

TickerCGV
Fund TypeActively Managed ETF
Inception DateDecember 27th, 2013 (Converted from MT to ETF August 1, 2022)
Portfolio ManagerCharles Cunningham, CFA
Morningstar CategoryUS Fund Foreign Small/Mid Value
Morningstar 3-Year Rating3 stars
Primary ExchangeNew York Stock Exchange
CUSIP90214Q584

Fund Documents

Overview

The Conductor Global Equity Value ETF (CGV - NYSE) is an actively managed ETF focused on the purchase of Global Equities using multiple value factors across a series of metrics. The majority of the Equities in the ETF tend to fall into the Small and Mid- Cap size categories. All equities purchased outside the US are purchased in the foreign country, on the local exchange in the local currency. No currency hedging is employed by the strategy.

Performance

As of 05/24/2024

1 Month 3 Month 6 Month 1 Year 3 Year 5 Year QTD YTD Since
Inception3
NAV 3.59% 0.95% 6.15% 6.64% N/A 4.75% 0.08% 0.19% 4.96%
Market Price 3.75% 0.49% 6.41% 6.41% N/A N/A N/A -0.49% 4.89%

Quarter End Performance

As of 03/31/2024

1 Month 3 Month 6 Month 1 Year 3 Year 5 Year QTD YTD Since
Inception3
NAV 1.25% 0.11% 8.30% 5.03% 3.44% 3.95% 0.11% 0.11% 5.03%
Market Price 1.18% -0.49% 8.48% 4.72% N/A N/A -0.49% -0.49% 5.34%

Disclosure
The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 844-467-2459.

As of 05/24/2024

Market Price 13.27
Market Price Change ($) 0.11
Market Price Change (%) 0.84%
Premium Discount (%) -0.01

Fund Expenses
The Fund’s adviser has contractually agreed to reduce the Fund’s fees and/or absorb expenses of the Fund to ensure that total annual Fund operating expenses do not exceed 1.25% of the Fund’s average daily net assets. These fee waiver and expense reimbursements are not recoupable by the Adviser. This arrangement will remain in effect through at least April 13, 2024, as the Adviser has agreed to continue it for the duration of its investment advisory agreement with the Fund. This agreement may be terminated by the Fund’s Board of Trustees on 60 days’ written notice to the adviser.

Premium Discount

Premium Discount Days Above Tolerance
0

The number of days where the daily premium discount percent is +/-2% (7+ denotes greater than 7 days) and values are illustrated in business days.
Term Q2 2024Q1 2024Q4 2023Q3 2023
Days at premium 1440847
Days at discount 22125211

Holdings

As of 05/24/2024

Name Symbol Net Asset % Market Price($) Shares Held Market Value
ABERCROMBIE & FI ANF 3.45 % 150.17 24,506.00 3,680,066.02
AFFIL MANAGERS AMG 1.00 % 160.47 6,650.00 1,067,125.50
BREAD FINANCIAL BFH 1.12 % 41.88 28,472.00 1,192,407.36
AMBAC FINANCIAL AMBC 1.10 % 17.29 67,889.00 1,173,800.81
MORGAN ADVANCED MGAM LN 1.21 % 3.19 316,560.00 1,287,371.16
SERCO GROUP SRP LN 1.13 % 1.82 518,744.00 1,203,276.18
TAYLOR WIMPEY PL TW/ LN 1.30 % 1.49 730,090.00 1,384,081.10
CARTER'S INC CRI 0.88 % 65.91 14,224.00 937,503.84
CIA SUD AMERICAN VAPORES CI 0.81 % 58.30 13,494,048.00 868,901.04
Transcontinental Inc 0.95 % 13.43 102,786.00 1,010,139.31

Download All Holdings (.CSV)

*Holdings are subject to change. Holdings and percent of assets are based on security assets only, not including cash or receiveables (unpaid interest and dividends).

 

Important Risk Information
Any returns presented include dividends reinvested and Investing in the Fund carries certain risks. Adverse changes in currency exchange rates may erode or reverse any potential gains from the Fund’s investments. The risk of investing in emerging market securities, primarily increased foreign investment risk. Investments in foreign securities could subject the Fund to greater risks including, currency fluctuation, economic conditions, and different governmental and accounting standards. There is a risk that issuers and counterparties will not make payments on securities and other investments held by the Fund, resulting in losses to the Fund. Investments in lesser-known, small and medium capitalization companies may be more vulnerable than larger, more established organizations. There can be a higher portfolio turnover due to active and frequent trading that may result in higher transactional and brokerage costs. The Adviser from time to time employs various hedging techniques. The success of the Fund’s hedging strategy will be subject to the Adviser’s ability to correctly assess the degree of correlation between the performance of the instruments used in the hedging strategy and the performance of the investments in the portfolio being hedged. The risk on a short sale is the risk of loss if the value of a security sold short increases prior to the delivery date, since the Fund must pay more for the security than it received from the purchaser in the short sale. Therefore, the risk of loss may be unlimited.