ENDW ETF Analysis: Dividends, Returns NASDAQ:ENDW

Analysis

Key stats

ENDW is an actively managed fund that aims to provide exposure to multiple major asset classes, including equities, fixed income, and real assets/alternatives, across U.S., foreign developed, and emerging markets. The fund seeks positive returns independent of overall market direction, with an aggressive risk profile, by investing primarily in U.S.-listed ETFs and individual equities. Futures may be used to leverage exposure. The fund's investments in ETFs are selected based on their ability to represent an asset class, sector, or industry, as well as factors like risk-adjusted return, alpha, and investment strategy. The fund expects to have notional exposure of 130-150% of its total assets. The investment process utilizes momentum and trend-following strategies. The fund's investment sub-adviser, Cambria, expects to allocate over 50% of the portfolio to equity securities, with smaller exposures to fixed income, real assets, and various hedge and trend strategies. Securities are sold when it is deemed overvalued or when better investment opportunities are available.The fund launched with $98 million in assets by using IRS section 351 exchange, which allows investors to contribute appreciated securities without incurring a taxable transaction.