CresAlta Global Dividend ETF

Key Statistics

Historical Performance

Total return including reinvested distributions, from adjusted closing prices.

Top Holdings

Detailed holdings are compiled from each fund’s latest SEC N-PORT portfolio filing. View this fund’s filings on SEC EDGAR →

About CVGD

TheFund is an actively managed exchange-traded fund (“ETF”) that invests, under normal circumstances, at least 80% ofits assets in dividend paying equity securities at the time of purchase. TheAdviser seeks to achieve for the Fund’s objective by investing in U.S. and non-U.S. companies that the Adviser believes are financiallystrong and well-managed. The Adviser begins by reviewing a universe of more than 3,500 companies using proprietary screening methodsto identify companies that the Adviser believes have low valuations and the potential to pay dividends from strong recurring cash flowsor have the capacity to pay high dividends in the future. The Adviser selects 35-50 companies across market sectors and avoids concentratingin any one company or industry. TheAdviser’s stock selection process combines macroeconomic analysis, quantitative stock ranking, and traditional company fundamentalanalysis. The process is not an automated model. Buying and selling decisions are at the portfolio manager’s discretion based onreview of the research. 1.The Adviser’s macroeconomic analysis divides business cycles into four phases— trough, early recovery, expansion, and peak—usinga combination of factors, such as Purchasing Managers Index data (PMI) and inflation, to estimate the current phase and direction ofthe business cycle. This macro business phase analysis informs the quantitative stock ranking and traditional fundamental analysis byhelping to determine which segment of the stock market will benefit most from the current phase and direction of the business cycle. 2.The quantitative stock ranking is based on an analysis of factors in three distinct “factor families”: price momentum, valuation,and business fundamentals. Stocks are ranked based on a combination of factor families that is appropriate for the current phase anddirection of the business cycle. 3.The Adviser’s traditional company analysis includes an assessment of financial statements and financial history; corporate strategyand business outlook; competitive landscape; macroeconomic backdrop; and management effectiveness. The Adviser uses a value-investingframework centered around dividends to classify stocks via traditional fundamental analysis to build portfolios. The Adviser’sclassification system identifies stocks as dividend value, dividend growth, or dividend payor. Portfolios are often heavily allocatedto dividend growth, which the Adviser defines as higher quality companies—usually with lower balance sheet leverage, strong freecash flows, clear capital allocation plans, defensible businesses, an ability to grow dividends and share buybacks at an above marketpace. Dividend value and dividend payor stocks provide diversification during appropriate business cycle phases. Atthe company level, the Adviser considers company cash flow, balance sheet, and other financial metrics, and both positive andnegative catalysts, including events such as changes in key leadership positions and cuts in the dividend, in making investmentdecisions for the Fund. The Adviser may also consider the impact of trading on tax efficiency in its investment decision makingprocess. Additionally,the Adviser utilizes a macroeconomic overlay to determine the business cycle phase of countries while rotating portfolio positionsacross stocks categorized with the Adviser’s dividend category methodology. Stocks are categorized into one of three dividendcategories — dividend value, dividend growth, and dividend payer. The bulk of the portfolio is expected to consist of dividendgrowth stocks. The Adviser seeks to obtain for the Fund substantial returns from such stocks via growing dividends and share buybacks.The portfolio may tilt toward dividend value or dividend payer stocks depending on the business cycle phase. Undernormal circumstances, the Fund expects to invest at least 40% of its total assets in equity securities of non-U.S. issuers (i.e.,issuers headquartered outside the U.S. or at least 50% of its assets are outside of the U.S. or 50% of its gross income is fromnon-U.S. sources). The Fund typically invests in foreign issuers through American Depositary Receipts (“ADRs”). TheFund may sell a security if the Adviser determines the business cycle dictates a shift in strategy or if a company’s prospectsfor paying a high dividend have changed.  

CVGD News

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