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RISE

Sit Rising Rate ETF

About RISE

  • 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)

RISE seeks to directly benefit from a rise in the interest rate of U.S. Treasury notes.

Investment Strategy

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

Related Funds
Fund Summary
Fund Inception
2/19/2015
Ticker
RISE
CUSIP
26923H101
ISIN
US26923H1014
Stock Exchange
NYSE ARCA
Management Fee
0.35%
Max Annual Expenses 1
1.00%
Intraday NAV (IIV)
RISE.IV
NAV Symbol
RISE.NV
Rebalance Frequency
Monthly
Index Provider
N/A
No. of Holdings
6
Index Ticker
RISEBP
Fund Documents
Monthly Account Statements

Fund Prices

Last Updated 7/22/2019

Fund Name

Sit Rising Rate ETF

Symbol

RISE

NAV

22.87

Market Price Changes

-0.08

Market Price Close

22.83

Nav Price Change

-0.02

Premium/Discount(%)

-0.17


Month End Performance

Last Updated 06/30/2019

NAV% Market Value%
Cumulative    
1 Month -1.38 -1.43
3 Months -3.98 -3.65
6 Months -5.62 -5.65
YTD -5.62 -5.65
Since Inception Cumulative -9.19 -9.10
Annual    
1 Year -7.91 -7.87
3 Year 0.56 0.58
5 Year - -
Since Inception Annualized -2.18 -2.16

Quarter End Performance

Last Updated 6/30/2019

NAV% Market Value%
Cumulative    
1 Month -1.38 -1.43
3 Months -3.98 -3.65
6 Months -5.62 -5.65
YTD -5.62 -5.65
Since Inception Cumulative -9.19 -9.10
Annual    
1 Year -7.91 -7.87
3 Year 0.56 0.58
5 Year - -
Since Inception Annualized -2.18 -2.16

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 7/22/2019

Name % Total Assets Ticker Shares Held Market Value USD
UNITED STATES TREAS BILLS 96.67% 912796SW0 11,700,000 $11,607,803.88
US 10YR FUT OPTN Sep19P 127.5 0.20% TYU9P 127.5 COMDTY 42 $23,625.00
US 5YR FUTR OPTN Sep19C 117.75 -0.10% FVU9C 117.75 COMDTY -27 $-11,601.58
US 5YR NOTE (CBT) Sep19 -103.06% FVU9 COMDTY -105 $-12,374,414.12
US 2YR NOTE (CBT) Sep19 -200.36% TUU9 COMDTY -112 $-24,058,125.06

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
Related Funds
Fund Summary
Fund Inception
2/19/2015
Ticker
RISE
CUSIP
26923H101
ISIN
US26923H1014
Stock Exchange
NYSE ARCA
Management Fee
0.35%
Max Annual Expenses 1
1.00%
Intraday NAV (IIV)
RISE.IV
NAV Symbol
RISE.NV
Rebalance Frequency
Monthly
Index Provider
N/A
No. of Holdings
6
Index Ticker
RISEBP
Fund Documents
Monthly Account Statements

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