Sage ESG Intermediate Credit ETF (GUDB)

Fund Objective

The Sage ESG Intermediate Credit ETF seeks to provide investors access to a diversified portfolio of investment grade corporate bonds issued by companies with best-in-class ESG characteristics, strong fundamentals, and a high degree of liquidity. This ETF tracks the Sage ESG Credit Intermediate Index.

As of 07/18/2019

Performance History

1 DAY 1 MO. 3 MO. 6 MO. 1 YR. QTD YTD SINCE
INCEPTION4
NAV $50.59 0.12% 0.85% 2.83% 6.04% 7.41% 0.16% 6.24% 3.42%
Market Price $ 0.00% N/A N/A N/A N/A N/A N/A N/A

As of 06/30/2019

Quarter-End Performance History

1 MO. 3 MO. 6 MO. 1 YR. QTD YTD SINCE
INCEPTION4
NAV 1.34% 2.71% 6.07% 7.58% 2.71% 6.07% 3.43%
Market Price 1.31% 2.65% 6.40% 7.67% 2.65% 6.40% 3.39%

Distribution Schedule

Distribution History

Ex-Date Record Date Pay Date Short-Term Capital Gains Long-Term Capital Gains Dividend Income Total Distribution
07/15/2019 07/16/2019 07/22/2019 0 0 0.1093 0.1093
06/17/2019 06/18/2019 06/24/2019 0 0 0.1179 0.1179
05/15/2019 05/16/2019 05/21/2019 0 0 0.1112 0.1112
04/15/2019 04/16/2019 04/22/2019 0 0 0.1115 0.1115
03/15/2019 03/18/2019 03/25/2019 0 0 0.1209 0.1209
As of 07/18/2019

Top 10 Holdings

NAME SYMBOL NET ASSET % MARKET PRICE($) SHARES HELD MARKET VALUE
Kellogg Co 3.400000 11/15/2027 487836BU1 1.76 % 102.23 305,000.00 311,786.59
Kellogg Co 2.650000 12/01/2023 487836BS6 1.50 % 100.89 264,000.00 266,354.52
US DOLLARS USD 1.40 % 1.00 247,610.36 247,610.36
JPMORGAN CHASE & CO 3.702% 05/06/2030 46647PBD7 1.25 % 105.16 210,000.00 220,830.80
CVS Health Corp 2.875000 06/01/2026 126650CU2 1.18 % 98.42 212,000.00 208,645.53
McCormick & Co Inc/MD 3.150000 08/15/2024 579780AM9 1.17 % 102.31 203,000.00 207,695.89
State Street Corp 2.650000 05/19/2026 857477AW3 1.17 % 100.68 206,000.00 207,394.67
DTE Energy Co 3.800000 03/15/2027 233331AZ0 1.16 % 105.13 196,000.00 206,046.52
Vodafone Group PLC 4.375000 05/30/2028 92857WBK5 1.16 % 107.26 192,000.00 205,942.63
Exelon Corp 3.497000 06/01/2022 30161NAW1 1.16 % 102.45 200,000.00 204,893.21
DOWNLOAD ALL HOLDINGS (.CSV)


FUND DETAILS
As of 07/18/2019
Ticker
GUDB
NAV
$50.59
Market Price1
$
Premium Discount
$ 0.00
Primary Exchange
BATS
Cusip
66538H583
Inception Date
10/31/2017
Net Assets
$17,706,078.52
Shares Outstanding
350,000
Three Month Average Volume
493
Gross Expense Ratio
1.93%
Net Expense Ratio2
0.35%
IOPV Ticker
GUDB.IV
Related Index Ticker
GUDBESG
30 - Day SEC Yield3
2.98
Distribution Rate
2.94


*Holdings are subject to change. Holdings and percent of assets are based on security assets only, not including cash or receivables (unpaid interest and dividends). There is no assurance the fund will continue to make distributions.

1Bid/Ask Midpoint as of market close.

2The Fund’s adviser has contractually agreed to reduce its fees and/or absorb expenses of the Fund, until at least December 31, 2018 to ensure that total annual fund operating expenses after fee waiver and/or reimbursement (exclusive of any front-end or contingent deferred loads, taxes, brokerage fees and commissions, borrowing costs (such as interest and dividend expense on securities sold short), acquired fund fees and expenses, fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses), or extraordinary expenses such as litigation) will not exceed 0.35% of the Fund. This fee waivers and expense reimbursements are subject to possible recoupment from the Fund in future years (within the three years after the fees have been waived or reimbursed), if such recoupment can be achieved within the lesser of the foregoing expense limits or those in place at the time of recapture. This agreement may be terminated only by the Trust’s Board of Trustees, on 60 days’ written notice to the Fund’s adviser.

3SEC Yield and Distribution Rate calculations are based on most recent Ex-Date. Distribution Rate reflects the total distributions over the previous 12 months. SEC Yield and Distribution Rate may include income, dividends, return of capital, or other distributions that are not considered short-term or long-term capital gains. Return of capital is considered a return of the investment principal and is not derived from net profits.

4The Inception date of the Sage ESG Intermediate Credit ETF is 10/31/2017

Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost.

Sage Funds are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET when NAV is normally determined for most Sage Funds, and do not represent the returns you would receive if you traded shares at other times.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Sage ESG Intermediate Credit ETF. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 888-724-3911. The prospectus should be read carefully before investing. The Fund is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC. Sage Advisory Services LTD Co. and Northern Lights Distributors, LLC are not affiliated.