Fund Details
As of 4/25/2024
| Ticker | GLDB |
| CUSIP | 86280R878 |
| Inception | 5/17/2021 |
| Exchange | CBOE |
| Total Annual Operating Expense Ratio | 0.79% |
| Distribution Frequency | Monthly |
| Investment Advisor | Rational Advisors, Inc. |
| Portfolio Manager | David Miller |
| Portfolio Manager | Charlie Ashley |
Fund Description and Objective
The strategy was designed on the belief that the best way for investors to generate income that maintains its purchasing power is to combine bonds and a gold overlay within one portfolio.The Fund seeks to offer a distinct strategy that efficiently combines an investment grade bond portfolio with a gold hedge overlay in one strategy. The Fund’s investment strategy is premised on the proposition that an investment in gold can potentially provide a hedge against inflation for a bond investment.
The Fund’s investment objective is to seek investment results that correlate, before fees and expenses, to the performance of the Solactive Gold-Backed Bond Index (the “Index”).
The Index seeks to provide 100% exposure to the U.S. dollar-denominated investment grade corporate bond sector (the “Bond Component”) plus a gold inflation hedge with a notional value designed to correspond to the value of the Bond Component, with such notional value reset on a monthly basis (the “Gold Hedge Component”).
The Bond Index aims to mirror the performance of investment grade corporate bonds issued in U.S. dollars.
The Gold Hedge Index tracks the performance of the near month gold futures contracts listed on the Chicago Mercantile Exchange.
Strategy Shares Gold Hedged Bond ETF seeks to track the returns of the Solactive Gold Backed Bond Index*
 Designed to hedge against inflation with 100% exposure to the potential appreciation in the price of gold. |
 Pays a Distribution Each Month.** |
 Combines investment grade corporate bonds and a gold overlay in one strategy. |
** The fund pays monthly distributions on Fund shares at a specific target rate to be determined at the discretion of management. A portion of the distribution consists of a return of capital which is a return of your original investment. Note that a return of capital could reduce the tax basis of shares and potentially increase capital gains upon disposition of your shares.
Daily NAV and Market Price
As of
|
Ticker – |
Exchange BATS |
NAV2 |
Market Price3 – |
130-Day Median Bid/Ask Percentage Spread Calculation: Based on Rule 6c-11(c)(1)(v), to calculate the median bid-ask spread the fund, (i) identifies the ETF’s NBBO as of the end of each 10-second interval during each trading day of the last 30 calendar days; (ii) divides the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identify the median of those values.
2Net asset value” or “NAV” is determined by adding up the value of all the assets in the fund, including assets and cash, subtracting any liabilities, and then dividing that value by the number of outstanding shares in the ETF.
3Market Price is defined as the official closing price of the ETF share.
GLDB Performance
Cumulative (%) as of 3/31/2024 (1 YR or Less) Annualized (%) as of 3/31/2024 (Greater than 1 YR)
| GLDB | YTD | 1M | 3M | 6M | 1 Yr | 3 Yrs | 5 Yrs | Since Inception |
| NAV | 4.95 | 9.55 | 4.95 | 23.82 | 7.12 | -2.34 | ||
| Market Price | 4.51 | 9.14 | 4.51 | 23.42 | 6.67 | -2.46 |
The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the ETF shares will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Total Returns are calculated using the daily 4:00pm net asset value (NAV). Market returns are based on the composite closing price and do not represent the returns you would receive if you traded the shares at other times. The first trading date is typically several days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the first trade date.
Download All Holdings| HoldingName | Ticker | MarketValue% | MarketValue | SharesQuantity | NotionalValue% | NotionalValue |
|---|---|---|---|---|---|---|
| CASH AND CASH EQUIVALENTS | 13.93530965% | 456529.09 | 456529.09 | 13.935310% | 456529.09 | |
| ABBVIE IN 3.2% 11/21/29 | 2.14557463% | 70290.31 | 78000.0000 | 2.145575% | 70290.31 | |
| AMAZON.CO 1.5% 06/03/30 | 2.24087112% | 73412.28 | 90000.0000 | 2.240871% | 73412.28 | |
| AMGEN INC 2.2% 02/21/27 | 1.67964725% | 55026.25 | 60000.0000 | 1.679647% | 55026.25 | |
| ANHEUSER- 4.7% 02/01/36 | 2.71383592% | 88906.89 | 96000.0000 | 2.713836% | 88906.89 | |
| APPLE INC 3.35% 02/09/27 | 1.92615618% | 63102.03 | 66000.0000 | 1.926156% | 63102.03 | |
| BAT CAPIT 3.557% 08/15/27 | 2.06103833% | 67520.85 | 72000.0000 | 2.061038% | 67520.85 | |
| BOEING CO 5.15% 05/01/30 | 2.41487130% | 79112.63 | 84000.0000 | 2.414871% | 79112.63 | |
| BROADCOM 3.875% 01/15/27 | 1.93195278% | 63291.93 | 66000.0000 | 1.931953% | 63291.93 | |
| CAPITAL O 3.8% 01/31/28 | 0.85724501% | 28083.86 | 30000.0000 | 0.857245% | 28083.86 | |
| CHEVRON C 2.236% 05/11/30 | 1.86732972% | 61174.84 | 72000.0000 | 1.867330% | 61174.84 | |
| CITIGROUP VRN 03/31/31 | 2.55862416% | 83822.06 | 90000.0000 | 2.558624% | 83822.06 | |
| COCA-COLA 1.375% 03/15/31 | 1.87035012% | 61273.79 | 78000.0000 | 1.870350% | 61273.79 | |
| COSTCO WH 1.6% 04/20/30 | 1.80247651% | 59050.21 | 72000.0000 | 1.802477% | 59050.21 | |
| CVS HEALT 4.3% 03/25/28 | 2.10520449% | 68967.76 | 72000.0000 | 2.105204% | 68967.76 | |
| DOW CHEMI 3.6% 11/15/50 | 1.00153358% | 32810.84 | 48000.0000 | 1.001534% | 32810.84 | |
| EQUINIX I 3.2% 11/18/29 | 2.58033866% | 84533.44 | 96000.0000 | 2.580339% | 84533.44 | |
| FISERV IN 3.5% 07/01/29 | 1.83165333% | 60006.06 | 66000.0000 | 1.831653% | 60006.06 | |
| GENERAL E 5.875% 01/14/38 | 1.66541156% | 54559.88 | 54000.0000 | 1.665412% | 54559.88 | |
| GOLDMAN S VRN 01/27/32 | 2.31106611% | 75711.91 | 96000.0000 | 2.311066% | 75711.91 | |
| HOME DEPO 5.875% 12/16/36 | 1.88989494% | 61914.09 | 60000.0000 | 1.889895% | 61914.09 | |
| JPMORGAN VRN 03/24/31 | 2.59599619% | 85046.39 | 90000.0000 | 2.595996% | 85046.39 | |
| METLIFE I 4.55% 03/23/30 | 2.12015630% | 69457.59 | 72000.0000 | 2.120156% | 69457.59 | |
| MPLX LP 2.65% 08/15/30 | 1.68988730% | 55361.72 | 66000.0000 | 1.689887% | 55361.72 | |
| NEXTERA E 2.25% 06/01/30 | 2.12185285% | 69513.17 | 84000.0000 | 2.121853% | 69513.17 | |
| NORTHERN 1.95% 05/01/30 | 0.75899253% | 24865.05 | 30000.0000 | 0.758993% | 24865.05 | |
| ORACLE CO 5.375% 07/15/40 | 1.85886406% | 60897.50 | 66000.0000 | 1.858864% | 60897.50 | |
| PACIFIC G 4.55% 07/01/30 | 2.03791451% | 66763.30 | 72000.0000 | 2.037915% | 66763.30 | |
| SHERWIN-W 2.95% 08/15/29 | 0.97253961% | 31860.98 | 36000.0000 | 0.972540% | 31860.98 | |
| SOUTHWEST 5.125% 06/15/27 | 1.80593554% | 59163.53 | 60000.0000 | 1.805936% | 59163.53 | |
| VERIZON C 4.522% 09/15/48 | 2.58276628% | 84612.97 | 102000.0000 | 2.582766% | 84612.97 | |
| WALT DISN 2.65% 01/13/31 | 2.66032896% | 87153.97 | 102000.0000 | 2.660329% | 87153.97 | |
| WELLS FAR 3.% 10/23/26 | 2.58211458% | 84591.62 | 90000.0000 | 2.582115% | 84591.62 | |
| SSGH FUND LTD CFC | 18.68941047% | 612276.28 | 53800.0000 | 18.689410% | 612276.28 | |
| ORANGE SA 9.% 03/01/31 | 2.15864216% | 70718.41 | 60000.0000 | 2.158642% | 70718.41 | |
| SHELL INT 6.375% 12/15/38 | 1.97421330% | 64676.41 | 60000.0000 | 1.974213% | 64676.41 | |
| CASH AND CASH EQUIVALENTS | 113.80284756% | 696789.89 | 696789.89 | 113.802848% | 696789.89 | |
| PAYB ISHARES GOLD TRUST | 0.00000000% | 0.00 | -3471198.6500 | 0.000000% | 0.00 | |
| PAYB ISHARES IBOXX TRS | 0.00000000% | 0.00 | -871502.0700 | 0.000000% | 0.00 | |
| RECV ISHARES GOLD TRUST | -13.32555952% | -81589.48 | 3471198.6500 | -13.325560% | -81589.48 | |
| RECV ISHARES IBOXX TRS | -0.47728803% | -2922.33 | 871502.0700 | -0.477288% | -2922.33 |
*Strategy may achieve its exposure through the use of swaps
Distributions
* A portion of the distribution consists of a return of capital.
See Distribution Calendar 
Get Distributions in Your Inbox| Amount per Share | Calculation NAV | Declaration Date | Ex-Date | Record Date | Payable Date | Available Notice |
| $0.049730* | $19.89 | 12/12/2022 | 12/13/2022 | 12/14/2022 | 12/15/2022 |  |
| $0.043675* | $17.47 | 11/9/2022 | 11/10/2022 | 11/14/2022 | 11/15/2022 | |
| $0.031913 | $17.02 | 10/12/2022 | 10/13/2022 | 10/16/2022 | 10/17/2022 | |
| $0.035325 | $18.84 | 09/13/2022 | 09/14/2022 | 09/15/2022 | 09/16/2022 | |
| $0.038325 | $20.44 | 08/10/2022 | 08/11/2022 | 08/12/2022 | 08/15/2022 | |
| $0.036207 | $19.31 | 07/13/2022 | 07/14/2022 | 07/15/2022 | 07/18/2022 | |
| $0.039169* | $20.89 | 06/10/2022 | 06/13/2022 | 06/14/2022 | 06/15/2022 | |
| $0.038944* | $20.77 | 05/11/2022 | 05/12/2022 | 05/13/2022 | 05/16/2022 | |
| $0.043088* | $22.98 | 04/12/2022 | 04/13/2022 | 04/14/2022 | 04/18/2022 | |
| $0.046144* | $24.61 | 03/10/2022 | 03/11/2022 | 03/14/2022 | 03/15/2022 | |
| $0.043538* | $23.22 | 02/10/2022 | 02/11/2022 | 02/14/2022 | 02/15/2022 | |
| $0.044682* | $23.78 | 1/12/2022 | 1/13/2022 | 1/14/2022 | 1/18/2022 | |
| $0.044419* | $23.69 | 12/10/2021 | 12/13/2021 | 12/14/2021 | 12/15/2021 | |
| $0.046557* | $24.83 | 11/10/2021 | 11/12/2021 | 11/15/2021 | 11/16/2021 | |
| $0.043632* | $23.27 | 10/12/2021 | 10/13/2021 | 10/14/2021 | 10/14/2021 | |
| $0.045769* | $24.41 | 09/13/2021 | 09/14/2021 | 09/15/2021 | 09/16/2021 | |
| $0.043988* | $23.46 | 08/11/2021 | 08/12/2021 | 08/13/2021 | 08/16/2021 | |
| $0.046257* | $24.67 | 07/14/2021 | 07/15/2021 | 07/16/2021 | 07/19/2021 | |
All or a portion of a distribution may consist of a return of capital. Shareholders should not assume that the source of a distribution from the Fund is net profit. Shareholders should note that return of capital will reduce the tax basis of their shares and potentially increase the taxable gain, if any, upon disposition of their shares.
Disclosures
Shares of this ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.
For more complete information on Strategy Shares, download and view a prospectus or summary prospectus now or call (855) 477-3837 for a free prospectus or summary prospectus. You should consider the fund’s investment objectives, risks, charges, and expenses carefully before you invest. Information about these and other important subjects is in the fund’s prospectus or summary prospectus, which you should read carefully before investing. Investing involves risk, including loss of principal. There is no guarantee that this, or any investment strategy, will succeed. Shares of these ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.
Investments involve risk including possible loss of principal. The Fund is classified as “non-diversified” to the extent that the Index concentrates in an industry so that a relative high percentage of the Fund’s assets may be invested in a limited number of issuers. The fund invests in the underlying constituents of the index that consists of a Bond and Gold component. The Fund may also invest in more aggressive investments such as foreign and emerging market securities (which may expose the fund to currency and exchange rate fluctuations), total return swaps and futures (which may involve leverage that could increase the volatility of the Fund and reduce its returns) and derivatives which may amplify volatility. Investing in bonds are subject to credit, prepayment and interest rate risk. As interest rates rise causes a decline in the value of fixed income securities owned by the fund.
The price of gold fluctuates over time. There is no guarantee that an investment in gold will increase or even maintain its value. Short-term, the price of gold has fluctuated widely. If gold markets continue to be characterized by wide fluctuations, the price may change in an unpredictable manner. Long-term, gold markets have historically experienced extended periods of flat or declining prices. There is no guarantee that the price of gold will move as expected relative to the U.S. dollar, nor is there any guarantee that gold will act as an effective inflation hedge. The Fund is a new fund with no history of operations as an ETF for investors to evaluate.
The Strategy Shares are distributed by Foreside Fund Services, LLC, which is not affiliated with Rational Advisors, Inc., or any of its affiliates.
*Solactive AG (“Solactive”) is the licensor of Solactive Gold-Backed Bond Index (the “Index”). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or completeness of the Index; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index. Solactive does not guarantee the accuracy and/or the completeness of the Index and shall not have any liability for any errors or omissions with respect thereto. Notwithstanding Solactive’s obligations to its licensees, Solactive reserves the right to change the methods of calculation or publication with respect to the Index and Solactive shall not be liable for any miscalculation of or any incorrect, delayed or interrupted publication with respect to the Index. Solactive shall not be liable for any damages, including, without limitation, any loss of profits or business, or any special, incidental, punitive, indirect or consequential damages suffered or incurred as a result of the use (or inability to use) of the Index.