Global Beta ETFs Announces Index and Name Change for the Global Beta Momentum Growth ETF (Ticker: GBGR)

Global Beta ETFs announced today the Global Beta ETFs Board of Trustees has approved an index and name change for the Global Beta Momentum Growth ETF (NYSE Arca: GBGR). Effective December 18, 2020, the Fund name will be change to the Global Beta Rising Stars ETF and the underlying index will become the FactSet Rising Stars Index. The Fund ticker symbol, and CUSIP remain the same, and current shareholders are not required to take any actions as a result of the changes.

What Can GBGR Do For Your Portfolio

Aimed and designed to provide exposure to domestic securities that have demonstrated the largest expansion of market share in the fastest growing technology industries.

Seeks to provide an investor with exposure to rapidly emerging domestic growth securities at relatively attractive valuations.

Through the screening process, the fund intends to provide high growth exposure with better relative valuations than its peers.

Investment Objective

The Global Beta Rising Stars ETF seeks to track the performance (before fees and expenses) of the FactSet Rising Stars Index. The index is composed of stocks listed on the NYSE and Nasdaq that demonstrate the largest expansion of market share in the fastest growing technology industries with better relative valuations than their peers.

Summary Characteristics
# of Securities
101
Market Capitalization
11,666.80
ActiveShare*
97.66
Price/Earnings
22.77
Price/Cash Flow
16.50
Price/Book
3.41
Price/Sales
2.50

As of 9/30/21
*Active Share versus S&P 1500 Composite Index

Fund Details

As of

As of date

Ticker
CUSIP
Net Assets
Shares Outstanding
NAV
NAV Change Dollars
NAV Change Percentage test%
Market Price
Market Price Change Dollars
Market Price Change Percentage test%
Premium/Discount test%
Median 30 Day Spread test%
Fund Inception
7-24-20
Dividends Paid
Quarterly
Performance

As of 9/30/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV -6.14 -7.93 0.87 7.77 11.72
Global Beta Rising Stars ETF Market Price -6.07 -7.99 0.91 7.63 11.81
FactSet Rising Stars Net Total Return Index -6.35 0.58 0.92 33.35 33.24
S&P 1500 Index -4.56 0.35 16.02 31.38 29.94

As of 8/31/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV 1.71 2.50 7.48 10.12 19.29
Global Beta Rising Stars ETF Market Price 1.81 2.51 7.43 9.95 19.30
FactSet Rising Stars Net Total Return Index 1.71 2.66 7.76 39.02 43.03
S&P 1500 Index 2.95 7.33 21.56 32.43 38.19

As of 7/31/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV -3.56 0.06 5.66 17.86 19.05
Global Beta Rising Stars ETF Market Price -3.79 -0.02 5.52 18.10 18.96
FactSet Rising Stars Net Total Return Index -3.52 0.24 5.95 42.26 44.93
S&P 1500 Index 2.13 4.98 18.07 37.52 37.97

As of 6/30/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV 4.49 6.69 9.56 23.92
Global Beta Rising Stars ETF Market Price 4.65 6.72 9.68 24.11
FactSet Rising Stars Net Total Return Index 4.62 6.86 9.81 51.44
S&P 1500 Index 2.08 8.14 15.61 36.05

As of 5/31/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV -0.71 -3.07 4.85 18.59
Global Beta Rising Stars ETF Market Price -0.71 -3.28 4.80 18.59
FactSet Rising Stars Net Total Return Index -0.69 -2.96 4.96 44.75
S&P 1500 Index 0.70 10.56 13.26 33.28

As of 4/30/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV 2.84 1.22 5.60 19.44
Global Beta Rising Stars ETF Market Price 2.71 0.90 5.55 19.44
FactSet Rising Stars Net Total Return Index 2.85 1.30 5.69 45.76
S&P 1500 Index 5.19 13.23 12.46 32.35

As of 3/31/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV -5.07 2.69 2.69 16.14
Global Beta Rising Stars ETF Market Price -5.16 2.77 2.77 16.29
FactSet Rising Stars Net Total Return Index -5.00 2.76 2.76 41.72
S&P 1500 Index 4.37 6.91 6.91 25.81

As of 2/28/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV 3.68 9.84 8.17 22.34
Global Beta Rising Stars ETF Market Price 3.58 10.19 8.35 22.61
FactSet Rising Stars Net Total Return Index 3.67 21.11 8.17
S&P 1500 Index 3.13 6.65 2.43 20.55

As of 1/31/21

Fund Name 1 Month 3 Month YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV 4.33 16.67 4.33 18.00
Global Beta Rising Stars ETF Market Price 4.61 17.34 4.61 18.37
FactSet Rising Stars Net Total Return Index 4.34 40.29 4.34
S&P 1500 Index -0.68 15.10 -0.68 16.89

As of 12/31/20

Fund Name 1 Month QTD YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV 1.54 6.84 13.10
Global Beta Rising Stars ETF Market Price 1.70 6.65 13.16
FactSet Rising Stars Net Total Return Index 11.96 36.47
S&P 1500 Index 4.11 13.24 17.68

As of 11/30/20

Fund Name 1 Month QTD YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV 10.14 11.39
Global Beta Rising Stars ETF Market Price 10.30 11.27
Global Beta Rising Stars Index 10.17 11.07
S&P 500 Index 10.95 12.62

As of 10/31/20

Fund Name 1 Month Q2 2020 YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV -4.46 1.13
Global Beta Rising Stars ETF Market Price -4.92 0.88
Global Beta Rising Stars Index -4.43 0.82
S&P 500 Index -2.66 1.52

As of 9/30/20

Fund Name 1 Month Q2 2020 YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV -4.10 5.86
Global Beta Rising Stars ETF Market Price -4.04 6.10
Global Beta Rising Stars Index -4.44 5.49
S&P 500 Index -3.80 4.28

As of 8/31/20

Fund Name 1 Month Q2 2020 YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV 8.86 10.39
Global Beta Rising Stars ETF Market Price 9.35 10.57
Global Beta Rising Stars Index 8.89 10.39
S&P 500 Index 7.19 8.40

As of 7/31/20

Fund Name 1 Month Q2 2020 YTD 1 Year Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV 1.40
Global Beta Rising Stars ETF Market Price 1.11
Global Beta Rising Stars Index 1.38
S&P 500 Index 1.13

Monthly Performance

As of 12/18/20, GBGR began tracking the FactSet Rising Stars Index. Prior to that, GBGR tracked the Global Beta Momentum-Growth Index.

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call (833) 933-2083. The gross expense ratio for GBGR is 0.36% and the net expense ratio is .29%.

Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Shares are bought and sold at market price (not NAV) and are not individually redeemable from the fund. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. A Fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent Global Beta Smart Income ETF performance. It is not possible to invest directly in an index.

Insights & Perspectives

GBGR September 2021 Post Rebalance Announcement

Understand Valuations within Growth Securities

Justin Lowry on Why Growth Valuations Matter for FactSet

Downloads

Guide to Trading Low Volume ETFs

Portfolio Construction Guide During High Valuations Brochure

Prospectus

Strategy

The FactSet Rising Stars strategy first navigates the top 3000 securities by market capitalization that are listed on the NYSE and Nasdaq exchanges and vets them for liquidity standards. Next, we look at the securities recent year over year revenue growth rate vs the average annual revenue growth rate they need to achieve over the next decade to justify their current price-to-sales ratios. We then look at the market share growth rate each company has demonstrated year over year within each subindustry, according to “RBICS” classifications, in technology. We then look at the growth rate for each subindustry as a whole for which each company participates in. Lastly, we look at each company’s year over year growth rate of their operating margins. We score each company by each aforementioned pillar, based on those growth rates. The top 100 are selected into the final index and are weighted by those scores relative to each other.

Strategy

The FactSet Rising Stars strategy first navigates the top 3000 securities by market capitalization that are listed on the NYSE and Nasdaq exchanges and vets them for liquidity standards. Next, we look at the securities recent year over year revenue growth rate vs the average annual revenue growth rate they need to achieve over the next decade to justify their current price-to-sales ratios. We then look at the market share growth rate each company has demonstrated year over year within each subindustry, according to “RBICS” classifications, in technology. We then look at the growth rate for each subindustry as a whole for which each company participates in. Lastly, we look at each company’s year over year growth rate of their operating margins. We score each company by each aforementioned pillar, based on those growth rates. The top 100 are selected into the final index and are weighted by those scores relative to each other.

Old Fund Name New Fund Name CUSIP Ticker
Global Beta Momentum-Growth ETF Global Beta Rising Stars ETF 37959X308 GBGR
Global Beta Rising Stars ETF Yield

As of 12-31-20

SEC Subsidized Yield
0.48%
SEC Unsubsidized Yield
0.12%
Trailing 12-month Yield
0.32%
Dividend  Distribution Rate 0.05
Annualized Distribution Yield 1.00%

The 30-day SEC Subsidized Yield is computed under an SEC standardized formula based on net income earned over the past 30 days. It is a “subsidized” yield, which means it includes contractual expense reimbursements and it would be lower without those reimbursements. The yield does not represent actual distributions to fund shareholders.

The 30-day SEC Unsubsidized Yield calculation is also computed under the same SEC standardized formula based on net income earned over the past 30 days, but excludes contractual expense reimbursements, resulting in a lower yield. The yield does not represent actual distributions to fund shareholders.

The 12-month trailing yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months.

Dividend Distribution Rate: The dividend payout ratio is the ratio of the total amount of dividends paid out to shareholders relative to the net income of the company.

Annualized Distribution Yield: The calculation for distribution yields employs the most recent distribution, which may be interest, a special dividend, or a capital gain, and multiplies the payment by 12 to get an annualized total. The annualized total is then divided by the net asset value (NAV) to determine the distribution yield.

As of

Fund Name Ticker 1 mo. 3 mo. 6 mo. YTD Since Inception Inception Date
S&P 900 SP900

As of 12/27/19

Fund Name Ticker 1 3 5 Since Inception

As of 12/27/19

Fund 1 3 5 Since Inception
Global Beta Smart Income

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 215-531-8234.

The gross expense ratio is 2.59% and the net expense ratio is .29%. Global Beta Advisors LLC (“Adviser”), has agreed to reimburse the Fund during the Fund’s initial six months of operation ending June 27, 2020, for the (i) compensation and expenses of the Independent Trustees, and (ii) fees and expenses of counsel to the Independent Trustees, except for any (a) litigation expenses, and (b) extraordinary or non-routine fees or expenses. Performance would have been lower without the fee reimbursement in effect.

Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance data quoted. Shares are bought and sold at market price (not NAV) and are not individually redeemable from the fund. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to the fund first trading on an exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent Global Beta Smart Income ETF performance. It is not possible to invest directly in an index.

Distributions
Distribution Type Per share Distribution Ex-Dividend Date Record Date Payable Date
Dividend .02 September 16, 2021 September 17, 2021 September 22, 2021
Composition

As of 9-30-21

Holdings

*Holdings are subject to change

As of

As of date

Resources

Distributor: Compass Distributor, LLC

Rising Stars: Rapidly emerging companies that indicate the next generation of growth stocks.

Factset Rising Stars Index is composed of stocks listed on the NYSE and Nasdaq that demonstrate market share expansion in the fastest growing technology industries.

FactSet Research Systems Inc. is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities.

Before investing you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. This and other information is in the prospectus or summary prospectus. A copy may be obtained by visiting www.globalbetaetfs.com or calling (833) 933-2083. Please read the prospectus or summary prospectus carefully before investing.

Risk Considerations

Investing involves risk including the possible loss of principal. There can be no guarantee that the Fund will achieve its investment objective. The Funds are subject to the principal investment risks noted below, any of which may adversely affect the Fund’s net asset value (“NAV”), trading price, yield, total return and ability to meet its investment objective.

Non-diversified risk. The Fund is considered “non-diversified” and may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly invested in certain issuers than a diversified fund.

Factor Risk. The fund’s underlying index, and thus the Fund, seeks to achieve specific factor exposures. There can be no assurance that targeting specific factors will enhance the Fund’s performance over time, and targeting exposure to those factors may detract from performance in some market environments.

Growth Securities Risk. The Fund invests in growth securities, which may be more volatile than other types of investments, may perform differently than the market as a whole and may underperform when compared to securities with different investment parameters. Under certain market conditions, growth securities have performed better during the later stages of economic recovery (although there is no guarantee that they will continue to do so). Therefore, growth securities may go in and out of favor over time.

Momentum Securities Risk. Stocks that previously exhibited high momentum characteristics may not experience positive momentum or may experience more volatility than the market as a whole.

Small- and Mid-Capitalization Securities Risk. The securities of small- and mid-capitalization companies generally trade in lower volumes and are subject to greater and more unpredictable price changes than larger capitalization stocks or the stock market as a whole. Small- and mid-capitalization companies may be particularly sensitive to changes in interest rates, government regulation, borrowing costs, and earnings.