Introducing the LEXI ETF

Introducing the LEXI ETF

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AIP Rings the NYSE Closing Bell

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Gain access to our Practical approach to Tactical investing in a transparent, tax efficient  and accessible vehicle through the LEXI ETF.

1

Rather than implement a static buy-and-hold strategy, we maintain a dynamic process that is constantly evolving. The primary ways we seek to add value are:

  • participating more in up markets than down

  • de-emphasizing weak areas while adding/maintaining exposure to areas of strength

  • including a broad range of asset classes, allowing flexibility to adapt to a range of scenarios.

1 ETFs use creation units which allow for the purchase and sale of assets in the fund collectively. Consequently, ETFs usually generate fewer capital gain distributions overall, which can make them somewhat more tax-efficient than mutual funds.

 

Our Approach

We call our process “Practical Tactical” investing; we consider these as two distinct yet complementary concepts. “Practical” describes how we think, while “Tactical” refers to the actions we take.

Practical

  • Practical thinking keeps us focused on the pursuit of our goals within the confines of limited choices.

 

  • We strive to evaluate current conditions as they are – rather than what we think should be or fear might be.

 

  • We don’t rely on predictions, but we do apply decades of practical experience and objective data to form opinions, exercise judgment and plan contingencies.

Tactical

 

  • Our hierarchy of tactical decisions flows from asset allocation and risk management to security selection based on relative performance and anticipated portfolio contribution.

 

  • Our portfolio is actively managed to allow for multiple contingencies with a strategy designed to respond to new information and changing trends.

 

  • We hold ourselves accountable through transparency and performance monitoring.

Fund Information

Distributor
Foreside Fund Services, LLC
Fund Inception
6/30/2021
Ticker
LEXI
Primary Exchange
NYSE Arca, Inc
CUSIP
53656F 425
Management Fees
0.85%
Acquired Fund Fees
0.18%
Total Annual Expenses
1.03%

Data as of 6/30/2021

Fund Data & Pricing

NAV
$22.88
Market Price
$22.85
Median 30 Day Spread Percentage
0.25%
Shares Outstanding
2,226,834
Premium/Discount
-0.12%
Net Assets
$50,955,926.21

Data as of -/-/----

30 Day Median Spread is a calculation of Fund's median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund's national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Performance

 

Cumulative Performance

As of 5/31/2022
MTD
Since Inception
Fund NAV
0.55%
-2.44%
Market Price
0.60%
-2.44%
Benchmark Index
0.30%
-6.19%
Bloomberg US Aggregate Bond Index
0.64%
-8.86%
Morningstar Global Markets
0.11%
-7.84%
S&P 500
0.18%
-2.57%
As of 3/31/2022
QTD
YTD
1 Year
Since Inception
Fund NAV
-4.88%
-4.88%
--
3.29%
Market Price
-4.82%
-4.82%
--
3.34%
Benchmark Index
-5.20%
-5.20%
--
0.51%
Bloomberg US Aggregate Bond Index
-5.93%
-5.93%
--
-5.87%
Morningstar Global Markets
-5.29%
-5.29%
--
-0.10%
S&P 500
-4.60%
-4.60%
--
6.54%

The performance data quoted represents past performance. Past performance does not guarantee future results. The 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 and current performance may be lower or higher than the performance quotes. Performance current to the most recent month-end can be obtained by calling (866) LEXI-ETF or (866) 539-4383.

Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. Only returns greater than 1 year will be annualized.

A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.

Benchmark is 35% S&P 500, 35% Morningstar Global Markets, and 30% Bloomberg US Aggregate Bond Index. Morningstar Global Markets Index measures the performance of stocks located in the developed and emerging countries worldwide. Bloomberg Barclays Aggregate Bond Index broadly tracks the U.S. investment-grade bond market. 

Fund Facts

 

Top 10 Holdings

Percentage of Net Assets
Name
Ticker
CUSIP
Shares Held
Market Value
9.79%
ISHARES TR COHEN STEER REIT
ICF
464287564
80297
$4,987,246.67
6.08%
SPDR GOLD TR GOLD SHS
GLD
78463V107
18206
$3,096,658.54
5.79%
VANGUARD SPECIALIZED FUNDS DIV APP ETF
VIG
921908844
20134
$2,949,026.98
5.23%
ISHARES TR MSCI UK ETF NEW
EWU
46435G334
87650
$2,662,807.00
5.16%
VANGUARD WORLD FD MEGA GRWTH IND
MGK
921910816
13708
$2,630,702.28
5.12%
INVESCO EXCHANGE TRADED FD TR S&P500 EQL WGT
RSP
46137V357
18898
$2,609,246.86
4.91%
ISHARES TR RUS 1000 VAL ETF
IWD
464287598
16847
$2,502,116.44
4.77%
ISHARES TR S&P MC 400VL ETF
IJJ
464287705
25162
$2,429,642.72
4.26%
VANGUARD WORLD FDS HEALTH CAR ETF
VHT
92204A504
9109
$2,169,672.71
3.86%
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP
MDY
78467Y107
4620
$1,965,532.80
Download Full Holdings

Data as of 9/10/2021. Holdings are subject to change.

Distribution Detail

 

Distribution Detail

Year
Ex Date
Record Date
Payable Date
Income
Short Term Capital Gains
Long Term Capital Gains
Total Distributions
2021
12/29/2021
12/30/2021
12/31/2021
$0.06
$0.00
$0.00
$0.06