What Can GBLO Do For Your Portfolio

Aimed and designed to provide exposure in domestic large cap names with the lowest systematic risk to the broad market.

Designed to help investors mitigate downside risk during periods of high volatility in the market.

Through the screening process, the fund intends to provide an overall portfolio with better relative valuations than its peers.

Investment Objective

The Global Beta Low Beta ETF seeks to track the performance (before fees and expenses) of the Global Beta Low Beta Factor Index. The index is composed of stocks in the S&P 500 index with the lowest relative beta to the S&P 500.

Beta: is a measure of the volatility–or systematic risk–of a security or portfolio compared to the market as a whole.

Summary Characteristics
# of Securities
102
Market Capitalization
146,574.81
ActiveShare*
80.99
Dividend Yield
2.74
Price/Earnings
18.54
Price/Cash Flow
9.43
Price/Book
3.13
Price/Sales
0.57

As of 3/31/22
*Active Share versus the S&P 500 Index

Fund Details

As of

As of date

Ticker
CUSIP
Net Assets
Shares Outstanding
NAV
NAV Change Dollars
NAV Change Percentage test%
Market Price
Market Price Change Dollars
Market Price Change Percentage test%
Premium/Discount test%
Median 30 Day Spread test%
Fund Inception
7-24-20
Dividends Paid
Quarterly
Performance

As of 4/30/22

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV -0.59 3.16 1.99 15.65 19.22
Global Beta Low Beta ETF Market Price -0.88 3.05 1.86 15.66 19.18
Global Beta Low Beta Index -0.55 3.46 2.29 16.55 19.86
S&P 500 Index -8.72 -8.17 -12.92 0.21 16.52

As of 3/31/22

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV 4.75 2.59 2.59 21.28 20.67
Global Beta Low Beta ETF Market Price 4.95 2.77 2.77 21.36 20.84
Global Beta Low Beta Index 4.98 2.85 2.85 22.13 21.31
S&P 500 Index 3.71 -4.60 -4.60 15.65 23.91

As of 2/28/22

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV -0.93 6.83 -2.06 23.89 18.40
Global Beta Low Beta ETF Market Price -0.94 6.84 -2.09 23.55 18.43
Global Beta Low Beta Index -0.91 7.14 -2.03 24.49 18.90
S&P 500 Index -2.99 -3.89 -8.01 16.39 22.51

As of 1/31/22

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV -1.14 5.89 -1.14 21.32 20.15
Global Beta Low Beta ETF Market Price -1.16 5.95 -1.16 21.45 20.18
Global Beta Low Beta Index -1.13 6.24 -1.13 22.08 20.66
S&P 500 Index -5.17 -1.61 -5.17 23.29 26.25

As of 12/31/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV 9.07 10.43 22.80 22.80 22.42
Global Beta Low Beta ETF Market Price 9.12 10.42 22.88 22.88 22.47
Global Beta Low Beta Index 9.36 10.86 23.50 23.50 22.97
S&P 500 Index 4.48 11.03 28.71 28.71 32.81

As of 11/30/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV -1.75 -3.00 12.58 13.56 16.29
Global Beta Low Beta ETF Market Price -1.82 -3.06 12.61 13.68 16.31
Global Beta Low Beta Index -1.74 -3.08 12.92 13.94 16.61
S&P 500 Index -0.69 1.32 23.18 27.92 30.89

As of 10/31/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV 3.13 0.58 14.58 25.02 19.07
Global Beta Low Beta ETF Market Price 3.07 0.68 14.69 25.44 19.15
Global Beta Low Beta Index 3.16 0.50 14.92 25.47 19.41
S&P 500 Index 7.01 5.13 24.04 42.91 33.91

As of 9/30/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV -4.27 0.07 11.10 17.08 17.47
Global Beta Low Beta ETF Market Price -4.20 0.14 11.28 17.05 17.62
Global Beta Low Beta Index -4.39 -0.01 11.40 17.50 17.81
S&P 500 Index -4.65 0.58 15.92 30.00 29.16

As of 8/31/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV 1.87 4.97 16.06 19.59 23.67
Global Beta Low Beta ETF Market Price 1.97 4.93 16.16 19.60 23.76
Global Beta Low Beta Index 1.89 5.25 16.51 20.08 24.18
S&P 500 Index 3.04 7.95 21.58 31.17 37.43

As of 7/31/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV 2.62 5.21 13.93 22.32 23.61
Global Beta Low Beta ETF Market Price 2.52 5.28 13.92 22.60 23.59
Global Beta Low Beta Index 2.64 5.50 14.35 22.86 24.14
S&P 500 Index 2.38 5.50 17.99 36.45 37.03

As of 6/30/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV 0.41 6.88 11.02 21.01
Global Beta Low Beta ETF Market Price 0.38 6.80 11.12 21.11
Global Beta Low Beta Index 0.64 7.13 11.41 21.53
S&P 500 Index 2.33 8.55 15.25 34.78

As of 5/31/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV 2.10 13.89 10.57 20.52
Global Beta Low Beta ETF Market Price 2.30 13.68 10.70 20.66
Global Beta Low Beta Index 2.14 13.91 10.70 20.75
S&P 500 Index 0.70 10.72 12.62 31.71

As of 4/30/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV 4.25 8.33 8.29 18.03
Global Beta Low Beta ETF Market Price 4.00 8.10 8.21 17.94
Global Beta Low Beta Index 4.22 8.37 8.39 18.23
S&P 500 Index 5.34 12.98 11.84 30.79

As of 3/31/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV 7.00 3.87 3.87 13.22
Global Beta Low Beta ETF Market Price 6.84 4.05 4.05 13.40
Global Beta Low Beta Index 7.01 4.00 4.00 13.44
S&P 500 Index 4.38 6.17 6.17 24.17

As of 2/28/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV -2.88 -2.08 -2.92 5.81
Global Beta Low Beta ETF Market Price -2.72 -1.69 -2.61 6.14
Global Beta Low Beta Index -2.83 -1.94 -2.82 6.01
S&P 500 Index -2.76 5.63 1.72 18.96

As of 1/31/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV -0.04 9.06 -0.04 8.95
Global Beta Low Beta ETF Market Price 0.11 9.48 0.11 9.11
Global Beta Low Beta Index 0.02 9.20 0.02 9.1
S&P 500 Index -1.01 14.05 -1.01 15.76

As of 12/31/20

Fund Name 1 Month QTD YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV 0.87 5.38 9.00
Global Beta Low Beta ETF Market Price 0.95 5.19 8.99
Global Beta Low Beta Index 0.90 5.47 9.08
S&P 500 Index 3.84 12.15 16.95

As of 11/30/20

Fund Name 1 Month Q2 2020 YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV 8.17 8.06
Global Beta Low Beta ETF Market Price 8.34 7.97
Global Beta Low Beta Index 8.21 8.11
S&P 500 Index 10.95 12.62

As of 10/31/20

Fund Name 1 Month Q2 2020 YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV -3.42 -0.10
Global Beta Low Beta ETF Market Price -3.82 -0.34
Global Beta Low Beta Index -3.40 -0.09
S&P 500 Index -2.66 1.50

As of 9/30/20

Fund Name 1 Month Q2 2020 YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV -2.22 3.44
Global Beta Low Beta ETF Market Price -2.12 3.62
Global Beta Low Beta Index -2.29 3.42
S&P 500 Index -3.80 4.28

As of 8/31/20

Fund Name 1 Month Q2 2020 YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV 4.20 5.78
Global Beta Low Beta ETF Market Price 4.52 5.86
Global Beta Low Beta Index 4.25 5.84
S&P 500 Index 7.19 8.40

As of 7/31/20

Fund Name 1 Month Q2 2020 YTD 1 Year Since Inception (7/24/20)
Global Beta Low Beta ETF NAV 1.52
Global Beta Low Beta ETF Market Price 1.28
Global Beta Low Beta Index 1.52
S&P 500 Index 1.13

Monthly Performance

Total Expense Ratio .29%

The performance data quoted represents past performance and is no guarantee of future results. 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. For the most recent month-end performance, please call (833) 933-2083.

Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that , if reflected, the brokerage commissions would reduce the performance returns. Shares are bought and sold at market price (not NAV) and are not individually redeemable from the fund. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. A Fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent Global Beta Smart Income ETF performance. It is not possible to invest directly in an index.

Insights & Perspectives

GBLO March 2022 Rebalance Announcement

Rates and Rebalancing

What's the Fund? Judy Shaw of the NYSE Interviews Justin Lowry

Justin Lowry on Why Growth Valuations Matter for FactSet

Downloads

Guide to Trading Low Volume ETFs

Portfolio Construction Guide During High Valuations Brochure

Prospectus

Strategy

The Global Beta Low Beta ETF tracks the Global Beta Low Beta Factor Index in an effort to provide downside mitigation to investors looking to invest in equity markets. Global Beta Advisor’s (”GBA”) partnered with S&P to provide an initial index universe for GBA to apply it's methodology. GBA believes that S&P is a best-in-class index provider, such that GBA's starting universe is already vetted for criteria such as liquidity and quality. The index is designed to reflect the performance of constituents from the S&P 500 with the lowest beta relative to the S&P 500 and re-weighted based on revenue. To mitigate concentration risk at the issuer level, GBA caps each individual index constituent at 5% during each quarterly rebalance. GBA's mission is to deliver a strategy that seeks to provide our investors with strong downside investment mitigation in periods of high market volatility.

Global Beta Low Beta ETF Yield

As of 4-30-22

SEC Yield
2.35%
Trailing 12-month Yield
2.75%
Dividend  Distribution Rate $0.16
Annualized Distribution Yield 3.12%

The 30-day SEC Yield calculation is computed under the SEC standardized formula based on net income earned over the past 30 days. The yield does not represent actual distributions to fund shareholders.

The 12-month trailing yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months.

Dividend Distribution Rate: The dividend distribution rate is the dividend per share paid to shareholders as of the most recent distribution date.

Annualized Distribution Yield: The calculation for distribution yields takes the distribution paid to shareholders over the past 12 months and divides that figure by the net asset value (NAV) to determine the distribution yield.

Distributions
Distribution Type Per share Distribution Ex-Dividend Date Record Date Payable Date
Dividend .16 September 16, 2021 September 17, 2021 September 22, 2021
Composition

As of 3-31-22

Holdings

*Holdings are subject to change

As of

As of date

Resources

Distributor: Compass Distributor, LLC

Before investing you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. This and other information is in the prospectus or summary prospectus. A copy may be obtained by visiting www.globalbetaetfs.com or calling (833) 933-2083. Please read the prospectus or summary prospectus carefully before investing.

Risk Considerations

Investing involves risk including the possible loss of principal. There can be no guarantee that the Fund will achieve its investment objective. The Funds are subject to the principal investment risks noted below, any of which may adversely affect the Fund’s net asset value (“NAV”), trading price, yield, total return and ability to meet its investment objective.

Non-diversified risk. The Fund is considered “non-diversified” and may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly invested in certain issuers than a diversified fund.

Factor Risk. The fund’s underlying index, and thus the Fund, seeks to achieve specific factor exposures. There can be no assurance that targeting specific factors will enhance the Fund’s performance over time, and targeting exposure to those factors may detract from performance in some market environments.

Growth Securities Risk. The Fund invests in growth securities, which may be more volatile than other types of investments, may perform differently than the market as a whole and may underperform when compared to securities with different investment parameters. Under certain market conditions, growth securities have performed better during the later stages of economic recovery (although there is no guarantee that they will continue to do so). Therefore, growth securities may go in and out of favor over time.

Momentum Securities Risk. Stocks that previously exhibited high momentum characteristics may not experience positive momentum or may experience more volatility than the market as a whole.

Small- and Mid-Capitalization Securities Risk. The securities of small- and mid-capitalization companies generally trade in lower volumes and are subject to greater and more unpredictable price changes than larger capitalization stocks or the stock market as a whole. Small- and mid-capitalization companies may be particularly sensitive to changes in interest rates, government regulation, borrowing costs, and earnings.