Specified as an ETF that seeks to “provide long-term capital appreciation and capital preservation,” fund literature further states that:
“The Fund is considered a ‘fund-of-funds‘ that seeks to achieve this investment objective by managing a tactical strategy that has the ability to dynamically rebalance the Fund’s portfolio from as much as 100% equity assets to a 100% fixed income assets or cash and cash equivalents depending on market trends.
The fund employs a long tactical strategy that seeks to minimize portfolio losses by rotating out of higher volatility assets and lower volatility assets depending on the Fund’s current view of risks in different asset classes.”
When we look at the top holdings within MATH we presently see the following, and an noticeable shift towards Small-Caps, Mid-Caps, as well as Emerging Markets (which as we mention in our ETF Fund Flows recap this morning, have been the recipients of consistent inflows in the marketplace for weeks now).
Top positions in MATH are as follows:
- VB (19.30%),
- IJH (19.07%),
- EEM (9.91%),
- EFA (9.84%), and
- QQQ (9.81%).
MATH has also recently re-claimed a 3-star Morningstar ranking thanks to strong quarterly performance.
MATH shares were unchanged at $28.31 in Monday trading. The actively managed ETF has gained only 1% year-to-date, but is up 10% in the past six months.
Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.
Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and ETFTrends.com for instance.
He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.