ARP
A More Complete Diversifier
Overview
The PMV Adaptive Risk Parity ETF (the “Fund”) is an actively managed fund that seeks to generate capital appreciation, with lower volatility and reduced correlation to the overall equity market, by taking advantage of broad asset class trends throughout the market cycle.
The Fund was designed to provide exposure to asset classes not typically found in traditional stock and bond portfolios, diversifying the sources of returns to provide upside potential in various macroeconomic environments.
Fund details
| Ticker | ARP |
| CUSIP | 00791R301 |
| Inception | 12/21/2022 |
| Exchange | NYSE Arca |
| Management Fee | 0.85% |
| Gross Expense Ratio | 2.37% |
| Expense Reimbursements* | (0.69)% |
| Net Expense Ratio | 1.42% |
| Portfolio Manager | Daniel Snover, CFA |
*The Adviser has contractually agreed to waive its fess and/or to reimburse expenses to keep the Total Annual Fund Operating Expenses from exceeding 1.20% of the average daily net assets of the Fund until February 28, 2024
Investable Universe
The Investable Universe was specifically selected to avoid gaps in the fund’s ability to mitigate market risk, regardless of environment. Exposure to each asset class may be achieved through ETFs.
Fund documents
The Fund is new and has a limited operating history.
Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the Fund’s prospectus and the summary prospectus. Please read the prospectus carefully prior to investing.
An investment in the fund involves risk, including possible loss of principal. In addition to the normal risks associated with investing, the Fund is subject to Momentum Risk. Therefore, the value of the Fund may decline if, among other reasons, momentum trends believed to be beneficial to the Fund stop, reverse, otherwise behave differently than predicted, or the securities selected for inclusion in the Fund’s portfolio do not perform as anticipated. The Fund may be more heavily invested in particular asset classes and may be especially sensitive to factors and economic risks that specifically affect those asset classes. The Fund is also subject to other principal risk factors, including, but not limited to, Trading Risk, Limited Authorized Participants, Market Makers and Liquidity Providers Risk, Asset Allocation Risk, Investing in ETPs Risk, Equity Market Risk, Foreign Securities Risk, Emerging Markets Risk, Fixed Income Securities Risk, Commodities Risk, Gold Risk, Large Capitalization Companies Risk, U.S. Government Securities Risk, Credit Risk, Interest Rate Risk, Currency Risk, Tax Risk, Large Purchase and Redemption Risk, Quantitative Investing Risk, Management Risk, Operational Risk, Portfolio Turnover Risk, New Fund Risk, and New Adviser Risk.
Diversification and asset allocation strategies do not ensure a profit and do not protect against losses in declining markets.
Shares are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time.
PMV Capital Advisers, LLC serves as the investment adviser of the Fund. Vident Advisory, LLC serves as a sub advisor to the Fund. The Fund is distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with PMV Capital Advisers, LLC, Vident Advisory, LLC or any of its affiliates. Check the background of SIDCO on FINRA’s BrokerCheck.