Freedom Day Dividend ETF
Ticker: SAVR
Exchange: TBD
Expense ratio: 0.39%
Original filing date: February 5, 2021
Effective date: April 21, 2021
Listing Date: TBD
CUSIP: TBD
Active: Yes
Index: Not applicable
Investment Strategy:
Universe: US listed mid- and large-cap companies.
1. Fundamental analysis to evaluate company intrinsic value.
2. Quantitative analysis to identify dividend-paying companies that have potential for multiple dividend increases over time.
Score and rank companies. Select top 30-50 companies.
Adviser: Empowered Funds, LLC
Sub-Adviser: Freedom Day Solutions, LLC
Prospectus is here.
PRINCIPAL INVESTMENT STRATEGIES
The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in equity securities that the Fund’s portfolio managers believe have the potential to provide rising dividend income streams to the Fund over time.
Generally, the Fund’s Sub-Adviser (Freedom Day Solutions, LLC) selects investments using both fundamental analyses and quantitative methods. The Sub-Adviser analyzes the universe of equity securities trading on U.S. stock exchanges with market capitalizations generally above $1 billion. That is, the Fund will invest in large- and mid-capitalization companies.
The Sub-Adviser first analyzes securities using a fundamental analysis, which seeks to measure the security’s intrinsic value. The Sub-Adviser then uses quantitative research techniques to identify those dividend-paying companies that have potential for multiple dividend increases over time. Using those techniques, the Sub-Adviser scores potential investments based on its estimate of their fundamental strength. Using those scores, the Sub-Adviser ranks potential investments on a monthly basis.
The Fund is generally expected to hold securities of approximately 30 to 50 companies at any given time. The Fund is not managed relative to a particular securities index or securities benchmark. Rather, the Fund’s portfolio managers make investment decisions based on the results of their research processes. The Fund’s portfolio will be comprised of securities ranked highest based on the Sub-Adviser’s assessment of their potential to generate increased levels of dividend payments over time.
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