SPINNAKER ETF TRUST Files For Spinnaker [FAS] Managed Equity ETF Fund
SPINNAKER ETF TRUST has filed paperwork with the SEC for a “Spinnaker [FAS] Managed Equity ETF Fund.” There is no symbol listed at this time. The Spinnaker [FAS] Managed Equity ETF Fund (the “Fund”) will seek long term capital appreciation through investments in equity securities.
PRINCIPAL INVESTMENT STRATEGY
The Fund is an actively managed exchange-traded fund (“ETF”). The Fund will normally invest at least 80% of its assets in equity securities of companies that the Fund’s investment adviser, [FAS Capital Trust Company] (the “Advisor”), believes are attractively valued relative to their growth potential. While the Fund focuses on equity securities of U.S. companies, the Fund may also invest in foreign companies. The Fund will typically be invested in common stocks, although, with up to 20% of the Fund’s assets, the Fund may also invest in other securities (e.g., preferred stocks, convertible bonds, convertible preferred stocks, options, and warrants).
The Euro’s Demise Has Been Set in Motion: Are you protected?
"Nationalism will emerge. Healthier countries will not see fit to spend their hard earned money to bail out their less responsible neighbors."
CLICK HERE to get your Free E-Book, “Why It’s Curtains for the Euro”
The Fund is considered to be an “actively managed” exchange traded fund. As such, the Fund is required by the SEC to disclose on the Fund’s website at the start of each Business Day (defined below) the identities and quantities of the securities and other assets held by the Fund that will form the basis of the Fund’s calculation of its NAV on that Business Day. The portfolio holdings so disclosed will be based on information as of the close of business on the prior Business Day and/or trades that have been completed prior to the opening of business on that Business Day and that are expected to settle on that Business Day. This portfolio holdings information is used in connection with the Creation and Redemption process and is disseminated on a daily basis through the facilities of the national securities exchange on which the Fund is listed for trading (a “Listing Exchange”), the National Securities Clearing Corporation (“NSCC”) and/or third party service providers. The Fund will also generally make this information available to the public on a website at http://www.ncfunds.com. Online disclosure of such holdings is publicly available at no charge.
For the full prospectus click: HERE
Most Comments