ValueShares U.S. Quantitative Value ETF

QVAL Data as of 09/23/2016
Nav Price
Net Asset Value 23.08 Closing Price 23.09
Daily Change ($) -0.12 Daily Change ($) -0.05
Premium/Discount (%) 0.06

FUND INFORMATION

MONTH END (%)
Data as of 08/31/2016
1 MO. 3 MO.
Fund NAV 1.66 6.88
Closing Price 1.78 6.81
QUARTER END (%)
Data as of 06/30/2016
YTD
Fund NAV -2.60
Closing Price -3.07
Chart
Data as of 09/23/2016

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment 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 higher or lower than the performance quoted. Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.

Distributions Schedule

Ex Date Total Distribution Income Capital Gain
06/20/2016 0.05862 0.05862 0 0 0
03/21/2016 0.09287 0.09287 0 0 0
12/28/2015 0.09762 0.09762 0 0 0
9/28/2015 0.07783 0.07783 0 0 0
6/29/2015 0.06036 0.06036 0 0 0
3/30/2015 0.06824 0.06824 0 0 0
12/29/2014 0.04006 0.04006 0 0 0

Full Holdings (41)

Data as of 09/23/2016
TICKER SHARES PRICE
AAPL 14045 112.71
AEO 77710 18.31
AET 11670 115.63
BBBY 30749 43.50
BBY 41453 37.99
BIG 25533 46.50
BRCD 148608 9.14
CALM 33278 42.17
CSCO 44086 31.34
Cash 98530 1.00
DDS 20430 59.05
DRQ 24679 51.36
DSW 55875 21.32
EME 26579 57.64
FL 22923 67.07
FLR 25720 49.18
GILD 16806 81.37
GME 44099 28.19
GNTX 77407 17.63
GPS 52999 22.62
HFC 55890 24.79
HRB 57082 23.09
IDCC 23401 78.20
ITT 42811 34.99
KSS 32787 43.36
MDLZ 30049 43.16
NVR 793 1,651.30
RAI 26976 48.58
RHI 33189 37.69
TECD 17699 87.31
TGNA 58173 21.32
TGT 17861 68.77
THO 18452 81.67
TSO 17743 83.61
UNF 11777 132.59
URBN 44655 35.66
UTHR 12206 127.21
VIAB 30286 35.50
VZ 24952 52.56
WLK 29984 50.30
WSM 25551 50.29

Fund holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.

Investor Materials

Fact Sheet Download
Summary Prospectus Download
Statutory Prospectus Download
Statement of Additional Information (SAI) Download
Semi-Annual Report Download
Annual Report Download
XBRL Download

Press Release

News

By clicking on the links, you will be leaving the ETF Funds website and entering a third party website.

Active investing generally has higher management fees because of the manager's increased level of involvement while passive investing has lower management and operating fees. Investing in both actively and passively managed funds involves risk and principal loss is possible. Both actively and passively managed funds generally have daily liquidity. There are no guarantees regarding the performance of actively and passively managed funds. Actively managed mfunds may have higher portfolio turnover than passively managed funds. Excessive turnover can limit returns and can incur capital gains.

Holdings and allocations are subject to change at any time. Please click here for QVAL holding and expense information. Please click here for IVAL holding and expense information.

Past performance does not guarantee future results.

Any tax or legal information provided isn't an exhaustive interpretation of some of the current income tax regulations. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Fund nor any of its representatives may give legal or tax advice.

Definitions:

P/E = P/E, or price-to-earnings is defined as market price per share divided by annual earnings per share.
P/B = P/B, or price-to-book is defined as market price per share divided by book value per share
Free Cash Flow = Free cash flow is defined as the cash that a company is able to generate after laying out the money required to maintain or expand its asset base
EBITDA/TEV = EBITDA/TEV, or enterprise multiple, is defined as the earnings before interests, taxes, depreciation, and amortization divided by total enterprise value per share.
Basis Points (bps) = A unit that is equal to 1/100th of 1 percent.

Correlation: The statistical relationship between two variables.
The Russell 1000 is a broad based unmanaged index of 1000 stocks, which is widely recognized as representative of the equity market in general. The index does not reflect any management fees, transaction costs, or expenses. Indexes are unmanaged and one cannot invest directly in an index.

The MSCI EAFE Index is a broad based unmanaged index of international stocks, which is widely recognized as representative of the equity market in general. The index does not reflect any management fees, transaction costs, or expenses. Indexes are unmanaged and one cannot invest directly in an index.

The S&P 500 Value Index is a broad based unmanaged index of 500 stocks, which is widely recognized as representative of the equity market in general. The index does not reflect any management fees, transaction costs, or expenses. Indexes are unmanaged and one cannot invest directly in an index.

FUND DETAILS

Download Raw Data
Data as of 09/23/2016
Ticker QVAL
Fund Inception 10/22/2014
CUSIP 02072L102
Fund Type Active ETF
Expense Ratio 0.79%
Total Assets ($mm) 55.38
Outstanding Shares 2400000
INAV Ticker QVAL.IV
Head Portfolio Manager Wesley R. Gray
Number of Holdings 41
Primary Exchange* BATS

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