SUPP
Invest in the supply chain transformation.
We believe today, supply chains are undergoing a generational shift as companies relocalize operations back to North America. Join us in creating real, long-term value by investing in the businesses we believe are leading this dramatic transformation.
Engine No. 1 Transform Supply Chain ETF
Creating long-term value from relocalization.
SUPP is a high-conviction, actively managed fund. It seeks to provide investors the opportunity to create long-term value through exposure to businesses transforming and relocalizing their supply chains, plants, jobs, and other parts of their operations.
- Fundamental Analysis: SUPP is a concentrated active strategy, constructed with high-conviction positions in the industries and businesses that we believe are best positioned to benefit from this once-in-a-generation shift.
- Total Value Framework: Engine No. 1 makes data-driven valuations that ties companies’ supply chain resiliency to long-term value creation.
- Active Ownership: because we are active owners, and Engine No. 1 uses its voting power to drive changes that will impact return on investment in the long run.
Key facts
| Primary Exchange | Cboe |
| Reference Benchmark | MUMEXTGU |
| CUSIP | 29287L304 |
| ISIN | US29287L3042 |
Characteristics
Fund Characteristics
As of 10/3/2023
| Net Assets | $9,717,915 |
| NAV | $48.59 |
| NAV Daily Change | $-0.44 |
| Total Expense Ratio | 0.75% |
| Shares Outstanding | 200,000 |
| 30 - Day SEC Yield | -0.11% |
| Distribution Frequency | Quarterly |
Trading Characteristics
As of 10/3/2023
| Market Price | $48.57 |
| Premium / (Discount) – Daily | -0.04% |
| 30 Day Median Bid/Ask Spread | 0.06% |
30 – Day SEC Yield: A standard calculation of yield introduced by the SEC in order to provide fairer comparison among funds. This yield reflects the interest earned after deducting the fund’s expenses during the most recent 30-day period by the average investor in the fund. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days.
Performance
As of 9/30/2023
| Cumulative % | Annualized % | |||||||||
| 1 MO | 3 MO | 6 MO | YTD | SINCE INCEPTION | 1Y | 3Y | 5Y | 10Y | SINCE INCEPTION | |
| Month end as of 9/30/2023 | ||||||||||
| NAV | -5.42 | -7.35 | 1.43 | - | -1.02 | - | - | - | - | -1.02 |
| Market Price | -5.43 | -7.47 | 1.45 | - | -1.02 | - | - | - | - | -1.02 |
| Index | -4.78 | -3.25 | 4.90 | - | 3.70 | - | - | - | - | 3.70 |
| Quarter end as of 9/30/2023 | ||||||||||
| NAV | -5.42 | -7.35 | 1.43 | - | -1.02 | - | - | - | - | -1.02 |
| Market Price | -5.43 | -7.47 | 1.45 | - | -1.02 | - | - | - | - | -1.02 |
| Index | -4.78 | -3.25 | 4.90 | - | 3.70 | - | - | - | - | 3.70 |
Index refers to the Morningstar® US Market Extended TR USD Index℠. Index returns are calculated based on changes in closing index levels. An investor cannot invest directly in an index. NAV return represents the total return of the fund based on changes to the net assets and accounts for distributions from the fund. Market Price returns are calculated using the closing price and account for distributions from the fund.
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 quoted. For the most recent month end performance please visit ETF.Engine1.com. 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.
Portfolio
As of 10/4/2023
| TICKER | NAME | SHARES | NET ASSET (%) | MARKET VALUE |
| WM | WASTE MANAGEMENT INC | 5,368 | 8.43% | $818,942.08 |
| WSC | WILLSCOT MOBILE MINI HOLDING | 18,345 | 7.62% | $740,220.75 |
| MLM | MARTIN MARIETTA MATERIALS | 1,808 | 7.52% | $731,064.80 |
| CSX | CSX CORP | 23,283 | 7.37% | $716,417.91 |
| TSM | TAIWAN SEMICONDUCTOR-SP ADR | 7,098 | 6.24% | $606,240.18 |
| LRCX | LAM RESEARCH CORP | 830 | 5.28% | $513,031.30 |
| GFL | GFL ENVIRONMENTAL INC-SUB VT | 16,073 | 5.13% | $498,745.19 |
| NVDA | NVIDIA CORP | 1,141 | 5.11% | $496,528.97 |
| FERG | FERGUSON PLC | 3,070 | 5.07% | $492,581.50 |
| SAIA | SAIA INC | 1,155 | 4.79% | $465,361.05 |
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.
Distributions
| EX-DATE | RECORD-DATE | PAY-DATE | INCOME | LONG-TERM CAPITAL GAINS | SHORT-TERM CAPITAL GAINS | RETURN OF CAPITAL | OTHER / SPECIAL |
| 6/20/2023 | 6/21/2023 | 6/22/2023 | $0.070329 | $0.00 | $0.00 | $0.00 | $0.00 |
| 3/21/2023 | 3/22/2023 | 3/23/2023 | $0.070895 | $0.00 | $0.00 | $0.00 | $0.00 |
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