U.S. Value ETF
Designed to
Capture True Value
Overview &
Literature
Fund Description &
Investment Objective
We believe the most effective way to outperform the market is to capture true value. The U.S. Value ETF is designed for those who seek enduring, liquid value exposure through passive management.
USVT tracks the investment results of the Lyrical U.S. Value Index (the “Index”).
Fund Documents
Fund Information
| wdt_ID | Information | Data |
|---|---|---|
| 1 | Inception Date | 09/14/2021 |
| 2 | Ticker | USVT |
| 3 | Primary Exchange | NYSE Arca |
| 4 | CUSIP | 90386H 370 |
| 6 | Gross/Net Expense Ratio | 3.47% / 0.49%* |
| 8 | Index Name | Lyrical U.S. Value Index |
| 11 | Index Calculation Agent | VettaFi |
| wdt_ID | Date |
|---|---|
| 1 | 08/31/2023 |
*Based upon estimates for the current fiscal year. Lyrical Asset Management LP has contractually agreed to reimburse certain expenses above 0.49% per annum through July 30, 2024.
Fund Data & Pricing
| Data as of | 11/04/2021 |
|---|---|
| Net Assets | |
| Shares Outstanding | |
| Volume | |
| 30-Day Median Bid Ask Spread | |
| NAV |
The median bid/ask spread is calculated by dividing the difference between the national best bid and national best offer (“NBBO”) for the fund by the midpoint of the NBBO as of the end of each ten second interval during each trading day of the last 30 calendar days. The median of those values is then expressed as a percentage rounded to the nearest hundredth.
Performance
Returns
Inception Date: 09/14/2021
| Time | 1 Month | QTD | 6 Month | YTD | 1Y (Annualized) | 3Y (Annualized) | 5Y (Annualized) | Since Inception (Annualized) | Since Inception (Cumulative) |
|---|---|---|---|---|---|---|---|---|---|
| Fund NAV | -3.00% | 2.61% | 2.61% | 6.71% | 7.91% | - | - | 5.79% | 11.69% |
| Market Price | -2.89% | 2.57% | -0.36% | 6.67% | 7.78% | - | - | 5.81% | 11.73% |
| Time | 3 Month | 6 Month | YTD | 1Y (Annualized) | 3Y (Annualized) | 5Y (Annualized) | Since Inception (Annualized) | Since Inception (Cumulative) |
|---|---|---|---|---|---|---|---|---|
| Fund NAV | 5.10% | 4.00% | 4.00% | 13.93% | - | - | 4.84% | 8.85% |
| Market Price | 5.22% | 3.99% | 3.99% | 14.26% | - | - | 4.88% | 8.93% |
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 redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investors may obtain performance data current to the most recent month-end by calling (833) VALUETF (833-825-8383). Gross/Net Expense Ratio: 3.47%/0.49%. Lyrical Asset Management LP has contractually agreed to reimburse certain expenses above 0.49% per annum through July 30, 2023.
Fund NAV returns reflect the closing prices of underlying securities.
Market Price returns reflect the prices at which investors buy and sell the Fund’s shares in the market, calculated using closing prices and accounting for distributions from the Fund.
Holdings
Top 10 Holdings
Holdings are subject to change.
| Data as of | Name | Ticker | Shares Held | Market Value % |
|---|---|---|---|---|
| 09/26/2023 | US DOLLARS | USD | 84,527 | 1.42% |
| 09/26/2023 | PBF ENERGY INC-A | PBF | 764 | 0.68% |
| 09/26/2023 | H&R BLOCK INC | HRB | 957 | 0.68% |
| 09/26/2023 | US STEEL CORP | X | 1,244 | 0.66% |
| 09/26/2023 | MARATHON PETROLE | MPC | 260 | 0.66% |
| 09/26/2023 | DELL TECHN-C | DELL | 559 | 0.65% |
| 09/26/2023 | VISTRA CORP | VST | 1,165 | 0.65% |
| 09/26/2023 | VALERO ENERGY | VLO | 269 | 0.64% |
| 09/26/2023 | HF SINCLAIR CORP | DINO | 662 | 0.63% |
| 09/26/2023 | WESTROCK CO | WRK | 1,042 | 0.63% |
Current and future portfolio holdings are subject to risk.
Premium/
Discount
Daily Change
Net Asset Value
| Data as of | 11/04/2021 |
|---|---|
| NAV | |
| Daily Change |
Market Price
| Data as of | 11/04/2021 |
|---|---|
| Market Price | |
| Daily Change |
Premium/Discount
| Data as of | 11/04/2021 |
|---|---|
| Market Price | |
| NAV | |
| Premium/Discount |
| wdt_ID | Days at Premium | Days at NAV | Days at Discount |
|---|---|---|---|
| 1 | 18 Days at Premium | 8 Days at NAV | 35 Days at Discount |
| wdt_ID | Days at Premium | Days at NAV | Days at Discount |
|---|---|---|---|
| 1 | 45 Days at Premium | 29 Days at NAV | 16 Days at Discount |
Distributions
Distribution Detail
Distributions are paid once per year at December 30th.
Purchase
Information
The ETF trades intraday on an exchange. ETFs are available through various channels including broker-dealers, investment advisers, and other financial service firms.
Northern Lights Distributor, LLC is not affiliated with the firms listed.
Contact Us
Get in touch
If you are a financial advisor and would like additional information about our fund, please complete the form or send an email to hello@usvalueetf.com.
Disclosures
The ETF trades intraday on one or more exchanges. ETFs can be bought and sold through various channels, including broker-dealers, investment advisors, and other financial service firms.
Investors should carefully consider the investment objectives, risks, and charges and expenses of the fund before investing. The prospectus contains this and other information about the fund, and it should be read carefully before investing. Investors may obtain a copy of the prospectus by calling toll free (833) VALUETF (833-825-8383).
Important Risk Disclosures:
Investing in the Fund involves risk, including loss of principal. There is no guarantee that the fund will meet its investment objective. Value investing involves the risk that an investment made in undervalued securities may not appreciate in value as anticipated or remain undervalued for long periods of time. The value of a fund’s shares, when redeemed, may be worth more or less than their original cost. The Fund is managed with a passive investment strategy that seeks to track the performance of the Index.
While the shares of ETFs are tradeable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF’s net asset value. Brokerage commissions and ETF expenses will reduce returns. There is no guarantee that the Fund will achieve its objective.
The performance of the Lyrical U.S. Value Index may trail the returns of the overall stock market. The Adviser believes that the nature of the Index corresponds with the performance of value investing generally, and therefore the Fund may be exposed to the risks associated with value investing, such as value stocks falling out of favor with the general market. Value investing involves the risk that an investment made in undervalued securities may not appreciate in value as anticipated or remain undervalued for long periods of time. The Fund is newly formed and has no operating history.
The fund is distributed by Northern Lights Distributors, LLC. (Member FINRA/SIPC).
