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TOPS Managed Risk Growth ETF 2 (0P0000RYUC)

12.50 -0.01 (-0.08%)
At close: April 24 at 4:00 PM EDT

Fund Summary

The fund employs a fund-of-funds structure that invests, under normal market conditions, at least 80% of its assets in exchange-traded funds ("ETFs"). It also employs exchange-traded futures contracts to hedge market risk and reduce return volatility. The ETFs included in the Portfolio invest primarily in securities representing one of the following asset classes: government fixed income securities; corporate fixed income securities; common and preferred stocks; REITS; natural resource-related securities.

TOPS Managed Risk Growth ETF 2

Omaha
4020 South 147th Street
(631) 470-2600

Fund Overview

Category Allocation--70% to 85% Equity
Fund Family TOPS
Net Assets 183.91M
YTD Return 5.22%
Yield 0.42%
Morningstar Rating
Inception Date Jul 22, 2015

Fund Operations

Last Dividend 0.05
Last Cap Gain 3.00
Holdings Turnover 12.00%
Average for Category --

Fees & Expenses

Expense 0P0000RYUC Category Average
Annual Report Expense Ratio (net) 0.99% 0.71%
Prospectus Net Expense Ratio 0.99% --
Prospectus Gross Expense Ratio 0.99% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 4.99%
Max Deferred Sales Load -- 1.43%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Adam is a managing director in the Portfolio Management Group within Milliman's Financial Risk Management Practice in Chicago. He serves as the portfolio manager for funds in the market that utilize the Milliman Managed Risk Strategy™. Adam serves as the Portfolio Manager for funds in the market that utilize the Milliman Managed Risk Strategy. He leads a team that analyzes and implements risk management strategies on baskets of assets and performs research on volatility and stock return distributions. The team also produces tools that include volatility forecasting models used to create the Milliman Guarantee Index™, which is published monthly for use by life insurers. Mr. Schenck holds a B.S. in mathematics and computer science from Eckerd College and a M.S. in financial mathematics from The University of Chicago. He is a Chartered Financial Analyst ® (CFA) Charterholder.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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