GCIG

GENUINE INVESTORS ETF

GCI was founded in 1996 as a firm focused on fundamental, concentrated equity investing.  The GCI team define themselves by their resolute focus on investing as a discipline- running only one strategy. Everything is focused on making a Genuine Investment in a business- not on trading a stock, nor producing an investment product to sell. The firm is 100% independent and employee owned, with a mission to deliver consistent long term returns for clients, and to drive change in the industry to inspire other firms to do the same.

INVESTMENT OBJECTIVE

The Genuine Investors ETF seeks to provide investors with attractive long-term risk-adjusted returns by investing in a concentrated, fundamental focused equity portfolio of US listed securities.

Genuine Investors focus on businesses, not stocks. They understand that some industries and businesses are structurally more attractive than others, so they seek to construct a portfolio of only the highest quality, ignoring many areas of the market.

Genuine Investors believe that the market is not efficient. In the short run, real business value can and does differ greatly from the quoted stock price. Genuine investors do not rely on the market for any information on business value, rather they look to the market only for opportunities to buy high-quality businesses at attractive prices.

Genuine Investors concentrate in only the most attractive opportunities available. Genuine Investors believe that the increased volatility that comes with this concentration is not an accurate measure of risk. Rather, Genuine Investors are concerned with risk to an underlying business’s earning power – whether that be from increased competition, regulation, industry shifts, etc.

Genuine Investors stand differentiated and unburdened by common constraints such as short duration time horizons and the institutional imperative to constantly sell newer and ‘shinier’ products, and instead focus on seeking to generate consistent long- term returns.

FUND DATA & PRICING
Net Assets as of 05/13/2022 $9.24m
NAV $20.53
Shares Outstanding 450,000
Premium/discount Percentage -0.19%
Closing Price $20.49
Median 30 Day Spread 0.51%

Data as of 05/13/2022

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 12/01/2021
Ticker GCIG
Primary Exchange NYSE
CUSIP 92046L 387
IOPV Symbol GCIG.IV
NAV Symbol GCIG.NV
Expense Ratio 1.0%
Gross Expense Ratio 1.4%
30 Day SEC Yield *

* As of 12/1/2021

PERFORMANCE QUARTER END RETURNS AS OF 03/31/2022
  AVG. ANNUALIZED
  1 Month QTD YTD Since Inception
Fund NAV 3.01 -10.76 -10.76 -5.41
Market Price 3.22 -10.60 -10.60 -5.21
S&P 500® Index ** 3.71 -4.60 -4.60 -0.32

Expense ratio: 1.0%

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 713-401-9048.

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, using the closing price and account for distributions from the funds.

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.

14286581-NLD-01212022

DISTRIBUTION DETAIL
EX-DATE RECORD DATE 1 YEAR PAYABLE DATE
12/15/2021 12/16/2021 0.0078 12/21/2021
TOP 10 HOLDINGS
% OF NET ASSETS NAME TICKER SHARES HELD MARKET VALUE
6.90% GFL ENVIRONMENTAL INC-SUB GFL 22,747 636,916.00
6.00% MICROSOFT CORP MSFT 2,122 554,096.64
5.93% AMAZON.COM INC AMZN 242 547,186.20
5.80% FIRST AMERICAN F FAF 8,951 535,269.80
5.77% AIR PRODS & CHEM APD 2,279 532,625.09
5.71% ALPHABET INC-A GOOGL 227 526,869.27
5.60% UNITED PARCEL-B UPS 2,904 517,028.16
5.42% CARMAX INC KMX 5,458 500,280.28
4.73% CROWN CASTLE INT CCI 2,472 436,283.28
4.67% BOOKING HOLDINGS BKNG 205 430,887.45

Data as of 05/13/2022. Holdings are subject to change.