Shareholder K-1 reports are expected to be available mid to late April 2020. This notice is not intended to be tax advice. For all tax matters, Shareholders should contact their tax professional or financial advisor.
RISE seeks to directly benefit from a rise in the interest rate of U.S. Treasury notes.
- Futures based hedge designed to protect against a downturn in bond prices during a period of rising rates
- Institutional level investment management in a prepackaged solution
- Hedge your duration risk with as little disruption to your existing fixed income portfolio as possible
- Bond overlay strategy that is sub advised by Bryce Doty of Sit Investment Associates ($14B Fixed Income focused RIA)
The weighting of the Treasury Instruments constituting the Benchmark Portfolio Index will be based on each maturity’s duration contribution. The expected range for the duration weighted percentage of the 2 year and 5-year maturity Treasury Instruments will be from 30% to 70%. The expected range for the duration weighted percentage of the 10-year maturity Treasury Instruments will be from 5% to 25%. The relative weightings of the Benchmark Component Instruments will be shifted between maturities when there are material changes in the shape of the yield curve.
Sit Investment Associates, Inc.
Sit Investment Associates, Inc. (“Sit Advisors”) is registered as a “commodity trading advisor” and will act as such for the Fund. Sit Advisors is a subsidiary of Sit Investment Associates, Inc. (“Sit”). Sit is a full product global asset manager offering management expertise in domestic equities, international equities and fixed income instruments. They have senior, experienced investment professionals who are actively involved in the investment process and client servicing. Sit has the resources of a $14.8 billion investment management firm working for the benefit of their clients.
Sit’s fixed-income investment strategy targets strong risk-adjusted returns from investment grade securities. Their equity investment strategy is growth-oriented which allows them to be responsive to growth opportunities in the developed and developing markets. Sit has achieved very competitive investment results for client portfolios over extended periods utilizing their disciplined, fundamental research-driven investment process.
For more information, visit sitinvest.com
SG Americas Securities, LLC
SG Americas Securities, LLC (“SG”) serves as the Fund’s clearing broker to execute and clear the Fund’s futures and equities transactions and provide other brokerage-related services. SG is a futures commission merchant and broker dealer registered with the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission and is a member of FINRA and the NFA. SG is a clearing member of all principal futures exchanges located in the United States as well as a member of the Chicago Board Options Exchange, International Securities Exchange, New York Stock Exchange, Options Clearing Corporation, and Government Securities Clearing Corporation.
For more information, visit americas.societegenerale.com
Bryce Doty – Bond Market Expert & Partner in RISE
Bryce Doty is a Senior Vice President with Sit Fixed Income and senior portfolio manager of the taxable bond portfolios for the firm’s custom separately-managed accounts, private investment funds, and mutual funds. Bryce oversees the firm’s team of taxable bond managers, analysts, and traders.
Prior to joining Sit Investment Associates in 1995, Bryce gained extensive experience during his seven years with Minnesota Mutual in management consulting, serving as the due diligence officer for broker/dealer operations and as head of the public bond trading desk. His responsibilities also included analyzing and monitoring all total return corporate credits.
Bryce earned his M.B.A. degree, with a concentration in finance, from the Carlson School of Management at the University of Minnesota in 1992. He earned a B.A. degree in business management, with minors in physics and psychology, from Hamline University in 1988. Bryce is a CFA charter holder.
Bryce currently serves on the Board of Trustees for Hamline University in St. Paul, Minnesota.
In the Media
Monthly Account Statements
Last Updated 8/8/2020
Sit Rising Rate ETF
Market Price Changes
Market Price Close
Nav Price Change
Month End Performance
Last Updated 07/31/2020
|Since Inception Cumulative||-19.55||-19.50|
|Since Inception Annualized||-3.91||-3.90|
Quarter End Performance
Last Updated 06/30/2020
|Since Inception Cumulative||-18.92||-18.96|
|Since Inception Annualized||-3.83||-3.84|
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477).
Top 10 Holdings
Last Updated 8/8/2020
|Name||% Total Assets||Ticker||Shares Held||Market Value USD|
|UNITED STATES TREAS BILLS||96.29%||9127962S7||4,850,000||$4,849,213.23|
|Cash & Other||3.72%||-||187,533||$187,532.57|
Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.Premium Discount Chart