USDY
chart-icon-white Pacific Global US Equity Income ETF

PACIFIC GLOBAL
US EQUITY INCOME ETF

TICKER: USDY
OVERVIEW

Fund Information
The Pacific Global US Equity Income ETF seeks to provide income and long-term capital growth from U.S. large-cap equities. The factor-based investment approach for USDY uses a systematic, factor methodology to target large-cap stocks designed to deliver attractive dividend yields, low volatility and capital appreciation.

Benchmark
Russell 1000 Value
Inception Date
2/12/19
Management Style
Active
CUSIP
69434K106
Total Expense Ratio
0.29%
Asset Class
Equity
Exchange
NYSE Arca
Adviser
Pacific Global Advisors LLC
Sub-Advisor
Cadence Capital Management
Benchmark
Russell 1000 Value
CUSIP
69434K106
Exchange
NYSE Arca
Inception Date
2/12/19
Total Expense Ratio
0.29%
Adviser
Pacific Global Advisors LLC
Management Style
Active
Asset Class
Equity
Sub-Advisor
Cadence Capital Management
TICKER: USDY
PERFORMANCE
Price and Yield (as of 11/22/2019)
NAV
$28.01
Market Closing Price
$28.01
30 Day SEC Yield (as of 10/31/2019)
3.24%
Premium/Discount
-0.02%
Month-End Returns (as of 10/31/2019)
Cumulative Returns (%)
Annualized Returns (%)
Fund
YTD
1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Inception
2/12/19
USDY NAV
1.41
2.21
2.81
USDY MKT
1.36
1.96
2.72
Quarter-End Returns (as of 9/30/2019)
Cumulative Returns (%)
Annualized Returns (%)
Fund
YTD
1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Inception
2/12/19
USDY NAV
4.58
2.42
5.86
USDY MKT
4.48
2.33
5.83
Disclaimer
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. Returns less than one year are not annualized.

Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their net asset value (NAV), and are not individually redeemed from the Fund.

You may incur brokerage commissions when buying and selling shares on an exchange or through your financial intermediary, which may reduce returns. Market returns are based upon the closing price or the midpoint of the bid/ask spread, as applicable, at the time when the Fund’s NAV is determined (normally 4:00 p.m. Eastern time), and do not represent the returns you would receive if you traded shares at other times. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

30 Day SEC Yield is an annualization of the Fund’s total net investment income per share for the 30-day period.
TICKER: USDY
HOLDINGS
TOP 10 HOLDINGS (AS OF 11/22/2019)
Security Name
Shares
Weightings
ALTRIA GROUP INC
9066.00
1.44%
AMGEN INC
1868.00
1.39%
ABBVIE INC
4905.00
1.38%
CARDINAL HEALTH INC
7653.00
1.38%
INTEL CORP
7207.00
1.37%
BROADCOM INC
1325.00
1.36%
MORGAN STANLEY
8517.00
1.36%
BANK AMER CORP
12481.00
1.34%
PHILIP MORRIS INTL INC
4856.00
1.32%
JPMORGAN CHASE & CO.
3097.00
1.31%
Security Name
Shares
Weightings
ALTRIA GROUP INC
9066.00
1.44%
AMGEN INC
1868.00
1.39%
ABBVIE INC
4905.00
1.38%
CARDINAL HEALTH INC
7653.00
1.38%
INTEL CORP
7207.00
1.37%
BROADCOM INC
1325.00
1.36%
MORGAN STANLEY
8517.00
1.36%
BANK AMER CORP
12481.00
1.34%
PHILIP MORRIS INTL INC
4856.00
1.32%
JPMORGAN CHASE & CO.
3097.00
1.31%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlag
11/22/2019USDYMO02209S103ALTRIA GROUP INC9066.0048.820000442602.121.44%30680870.00110000022
11/22/2019USDYAMGN031162100AMGEN INC1868.00227.820000425567.761.39%30680870.00110000022
11/22/2019USDYABBV00287Y109ABBVIE INC4905.0086.520000424380.601.38%30680870.00110000022
11/22/2019USDYCAH14149Y108CARDINAL HEALTH INC7653.0055.170000422216.011.38%30680870.00110000022
11/22/2019USDYINTC458140100INTEL CORP7207.0058.220000419591.541.37%30680870.00110000022
11/22/2019USDYAVGO11135F101BROADCOM INC1325.00315.250000417706.251.36%30680870.00110000022
11/22/2019USDYMS617446448MORGAN STANLEY8517.0048.840000415970.281.36%30680870.00110000022
11/22/2019USDYBAC060505104BANK AMER CORP12481.0032.840000409876.041.34%30680870.00110000022
11/22/2019USDYPM718172109PHILIP MORRIS INTL INC4856.0083.460000405281.761.32%30680870.00110000022
11/22/2019USDYJPM46625H100JPMORGAN CHASE & CO.3097.00129.930000402393.211.31%30680870.00110000022
11/22/2019USDYWFC949746101WELLS FARGO CO NEW7432.0053.560000398057.921.30%30680870.00110000022
11/22/2019USDYCVS126650100CVS HEALTH CORP5232.0074.940000392086.081.28%30680870.00110000022
11/22/2019USDYC172967424CITIGROUP INC5261.0073.900000388787.901.27%30680870.00110000022
11/22/2019USDYUNP907818108UNION PACIFIC CORP2222.00174.170000387005.741.26%30680870.00110000022
11/22/2019USDYIPG460690100INTERPUBLIC GROUP COS INC17426.0022.250000387728.501.26%30680870.00110000022
11/22/2019USDYJNJ478160104JOHNSON & JOHNSON2795.00136.440000381349.801.24%30680870.00110000022
11/22/2019USDYPFE717081103PFIZER INC10118.0037.740000381853.321.24%30680870.00110000022
11/22/2019USDYMRK58933Y105MERCK & CO INC4352.0085.460000371921.921.21%30680870.00110000022
11/22/2019USDYT00206R102AT&T INC9793.0037.600000368216.801.20%30680870.00110000022
11/22/2019USDYUPS911312106UNITED PARCEL SERVICE INC3089.00119.520000369197.281.20%30680870.00110000022
11/22/2019USDYMMM88579Y1013M CO2230.00165.140000368262.201.20%30680870.00110000022
11/22/2019USDYVZ92343V104VERIZON COMMUNICATIONS INC6053.0059.610000360819.331.18%30680870.00110000022
11/22/2019USDYPEP713448108PEPSICO INC2690.00133.910000360217.901.17%30680870.00110000022
11/22/2019USDYXOM30231G102EXXON MOBIL CORP5133.0069.670000357616.111.17%30680870.00110000022
11/22/2019USDYQCOM747525103QUALCOMM INC4195.0085.110000357036.451.16%30680870.00110000022
11/22/2019USDYCVX166764100CHEVRON CORP NEW3003.00118.770000356666.311.16%30680870.00110000022
11/22/2019USDYKO191216100COCA COLA CO6732.0052.960000356526.721.16%30680870.00110000022
11/22/2019USDYWBA931427108WALGREENS BOOTS ALLIANCE INC COM5822.0060.620000352929.641.15%30680870.00110000022
11/22/2019USDYPG742718109PROCTER & GAMBLE CO2932.00120.340000352836.881.15%30680870.00110000022
11/22/2019USDYHD437076102HOME DEPOT INC1584.00218.540000346167.361.13%30680870.00110000022
11/22/2019USDYBA097023105BOEING CO946.00366.440000346652.241.13%30680870.00110000022
11/22/2019USDYDAL247361702DELTA AIR LINES INC DEL6261.0055.310000346295.911.13%30680870.00110000022
11/22/2019USDYUTX913017109UNITED TECHNOLOGIES CORP2335.00147.300000343945.501.12%30680870.00110000022
11/22/2019USDYIBM459200101INTERNATIONAL BUSINESS MACHS COM2563.00133.840000343031.921.12%30680870.00110000022
11/22/2019USDYCSCO17275R102CISCO SYS INC7513.0044.840000336882.921.10%30680870.00110000022
11/22/2019USDYTXN882508104TEXAS INSTRS INC2854.00116.100000331349.401.08%30680870.00110000022
11/22/2019USDYMCD580135101MCDONALDS CORP1706.00192.350000328149.101.07%30680870.00110000022
11/22/2019USDYLLY532457108LILLY ELI & CO2839.00114.750000325775.251.06%30680870.00110000022
11/22/2019USDYITW452308109ILLINOIS TOOL WKS INC1728.00172.620000298287.360.97%30680870.00110000022
11/22/2019USDYSLB806857108SCHLUMBERGER LTD8013.0036.620000293436.060.96%30680870.00110000022
11/22/2019USDYGILD375558103GILEAD SCIENCES INC4495.0065.730000295456.350.96%30680870.00110000022
11/22/2019USDYBMY110122108BRISTOL MYERS SQUIBB CO5079.0056.850000288741.150.94%30680870.00110000022
11/22/2019USDYBGG16962105BUNGE LIMITED5298.0054.640000289482.720.94%30680870.00110000022
11/22/2019USDYLMT539830109LOCKHEED MARTIN CORP698.00390.260000272401.480.89%30680870.00110000022
11/22/2019USDYUSB902973304US BANCORP DEL4478.0059.490000266396.220.87%30680870.00110000022
11/22/2019USDYHOG412822108HARLEY DAVIDSON INC7370.0035.770000263624.900.86%30680870.00110000022
11/22/2019USDYCAT149123101CATERPILLAR INC DEL1792.00143.360000256901.120.84%30680870.00110000022
11/22/2019USDYCFG174610105CITIZENS FINL GROUP INC6771.0038.110000258042.810.84%30680870.00110000022
11/22/2019USDYPRU744320102PRUDENTIAL FINL INC2761.0093.560000258319.160.84%30680870.00110000022
11/22/2019USDYBK064058100BANK NEW YORK MELLON CORP5255.0048.570000255235.350.83%30680870.00110000022
11/22/2019USDYPNC693475105PNC FINL SVCS GROUP INC1656.00151.690000251198.640.82%30680870.00110000022
11/22/2019USDYCash&OtherCash&OtherCash & Other246184.661.000000246184.660.80%30680870.00110000022Y
11/22/2019USDYGS38141G104GOLDMAN SACHS GROUP INC1114.00218.230000243108.220.79%30680870.00110000022
11/22/2019USDYTGT87612E106TARGET CORP1650.00127.650000210622.500.69%30680870.00110000022
11/22/2019USDYSYF87165B103SYNCHRONY FINL5505.0036.770000202418.850.66%30680870.00110000022
11/22/2019USDYBLK09247X101BLACKROCK INC400.00484.980000193992.000.63%30680870.00110000022
11/22/2019USDYCL194162103COLGATE PALMOLIVE CO2741.0066.750000182961.750.60%30680870.00110000022
11/22/2019USDYPSX718546104PHILLIPS 661559.00118.370000184538.830.60%30680870.00110000022
11/22/2019USDYIP460146103INTL PAPER CO3987.0044.690000178179.030.58%30680870.00110000022
11/22/2019USDYAPD009158106AIR PRODS & CHEMS INC696.00237.640000165397.440.54%30680870.00110000022
11/22/2019USDYHPE42824C109HEWLETT PACKARD ENTERPRISE CO COM9559.0017.080000163267.720.53%30680870.00110000022
11/22/2019USDYOXY674599105OCCIDENTAL PETE CORP3978.0039.120000155619.360.51%30680870.00110000022
11/22/2019USDYGD369550108GENERAL DYNAMICS CORP835.00182.950000152763.250.50%30680870.00110000022
11/22/2019USDYMET59156R108METLIFE INC2994.0048.970000146616.180.48%30680870.00110000022
11/22/2019USDYSTT857477103STATE STR CORP2027.0073.010000147991.270.48%30680870.00110000022
11/22/2019USDYEMR291011104EMERSON ELEC CO1996.0073.560000146825.760.48%30680870.00110000022
11/22/2019USDYAIG026874784AMERICAN INTL GROUP INC2751.0052.210000143629.710.47%30680870.00110000022
11/22/2019USDYF345370860FORD MTR CO DEL16643.008.710000144960.530.47%30680870.00110000022
11/22/2019USDYBBT054937107BB&T CORP2686.0054.180000145527.480.47%30680870.00110000022
11/22/2019USDYFITB316773100FIFTH THIRD BANCORP4692.0029.780000139727.760.46%30680870.00110000022
11/22/2019USDYKMB494368103KIMBERLY CLARK CORP1068.00133.360000142428.480.46%30680870.00110000022
11/22/2019USDYADM039483102ARCHER DANIELS MIDLAND CO3239.0042.820000138693.980.45%30680870.00110000022
11/22/2019USDYVLO91913Y100VALERO ENERGY CORP NEW1388.0098.410000136593.080.45%30680870.00110000022
11/22/2019USDYMPC56585A102MARATHON PETE CORP2158.0063.240000136471.920.44%30680870.00110000022
11/22/2019USDYGM37045V100GENERAL MTRS CO3662.0034.670000126961.540.41%30680870.00110000022
11/22/2019USDYHPQ40434L105HP INC6226.0019.650000122340.900.40%30680870.00110000022
11/22/2019USDYCMA200340107COMERICA INC1764.0069.060000121821.840.40%30680870.00110000022
11/22/2019USDYETNG29183103EATON CORP PLC1343.0090.160000121084.880.39%30680870.00110000022
11/22/2019USDYTRV89417E109TRAVELERS COMPANIES INC890.00134.690000119874.100.39%30680870.00110000022
11/22/2019USDYDOW260557103DOW INC2235.0053.880000120421.800.39%30680870.00110000022
11/22/2019USDYWSO942622200WATSCO INC651.00177.410000115493.910.38%30680870.00110000022
11/22/2019USDYKMI49456B101KINDER MORGAN INC DEL5845.0020.160000117835.200.38%30680870.00110000022
11/22/2019USDYSTI867914103SUNTRUST BKS INC1651.0070.100000115735.100.38%30680870.00110000022
11/22/2019USDYGIS370334104GENERAL MLS INC2224.0052.340000116404.160.38%30680870.00110000022
11/22/2019USDYNTRS665859104NORTHERN TR CORP1035.00106.810000110548.350.36%30680870.00110000022
11/22/2019USDYJCIG51502105JOHNSON CTLS INTL PLC2608.0042.230000110135.840.36%30680870.00110000022
11/22/2019USDYWRK96145D105WESTROCK CO2743.0038.320000105111.760.34%30680870.00110000022
11/22/2019USDYKR501044101KROGER CO3901.0026.700000104156.700.34%30680870.00110000022
11/22/2019USDYDFS254709108DISCOVER FINL SVCS1274.0082.920000105640.080.34%30680870.00110000022
11/22/2019USDYOKE682680103ONEOK INC NEW1322.0071.42000094417.240.31%30680870.00110000022
11/22/2019USDYCMI231021106CUMMINS INC528.00180.82000095472.960.31%30680870.00110000022
11/22/2019USDYNWL651229106NEWELL BRANDS INC5011.0019.19000096161.090.31%30680870.00110000022
11/22/2019USDYGLW219350105CORNING INC3292.0028.55000093986.600.31%30680870.00110000022
11/22/2019USDYWYND98310W108WYNDHAM DESTINATIONS INC1951.0047.53000092731.030.30%30680870.00110000022
11/22/2019USDYZION989701107ZIONS BANCORPORATION N A1878.0049.14000092284.920.30%30680870.00110000022
11/22/2019USDYCCL143658300CARNIVAL CORP2175.0043.02000093568.500.30%30680870.00110000022
11/22/2019USDYLNC534187109LINCOLN NATL CORP IND1544.0057.27000088424.880.29%30680870.00110000022
11/22/2019USDYWMB969457100WILLIAMS COS INC DEL3923.0022.79000089405.170.29%30680870.00110000022
11/22/2019USDYRCLV7780T103ROYAL CARIBBEAN CRUISES LTD717.00118.69000085100.730.28%30680870.00110000022
11/22/2019USDYLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -918.0093.34000085686.120.28%30680870.00110000022
11/22/2019USDYTROW74144T108PRICE T ROWE GROUP INC723.00120.03000086781.690.28%30680870.00110000022
11/22/2019USDYPAYX704326107PAYCHEX INC964.0084.96000081901.440.27%30680870.00110000022
11/22/2019USDYKHC500754106KRAFT HEINZ CO2774.0030.24000083885.760.27%30680870.00110000022
11/22/2019USDYNTAP64110D104NETAPP INC1317.0060.70000079941.900.26%30680870.00110000022
11/22/2019USDYAMP03076C106AMERIPRISE FINL INC483.00158.05000076338.150.25%30680870.00110000022
11/22/2019USDYROK773903109ROCKWELL AUTOMATION INC395.00195.21000077107.950.25%30680870.00110000022
11/22/2019USDYEMN277432100EASTMAN CHEMICAL CO939.0077.57000072838.230.24%30680870.00110000022
11/22/2019USDYMTB55261F104M & T BK CORP458.00163.04000074672.320.24%30680870.00110000022
11/22/2019USDYUNM91529Y106UNUM GROUP2425.0029.96000072653.000.24%30680870.00110000022
11/22/2019USDYPFG74251V102PRINCIPAL FINL GROUP INC1356.0054.34000073685.040.24%30680870.00110000022
11/22/2019USDYNEE65339F101NEXTERA ENERGY INC290.00235.14000068190.600.22%30680870.00110000022
11/22/2019USDYKEY493267108KEYCORP NEW3571.0019.10000068206.100.22%30680870.00110000022
11/22/2019USDYGPC372460105GENUINE PARTS CO643.00102.56000065946.080.21%30680870.00110000022
11/22/2019USDYCLX189054109CLOROX CO DEL443.00145.02000064243.860.21%30680870.00110000022
11/22/2019USDYLVS517834107LAS VEGAS SANDS CORP1081.0060.35000065238.350.21%30680870.00110000022
11/22/2019USDYCCI22822V101CROWN CASTLE INTL CORP NEW466.00135.45000063119.700.21%30680870.00110000022
11/22/2019USDYFAST311900104FASTENAL CO1787.0035.14000062795.180.20%30680870.00110000022
11/22/2019USDYNUE670346105NUCOR CORP1134.0054.24000061508.160.20%30680870.00110000022
11/22/2019USDYTIF886547108TIFFANY & CO NEW490.00126.50000061985.000.20%30680870.00110000022
11/22/2019USDYSWKS83088M102SKYWORKS SOLUTIONS INC645.0096.41000062184.450.20%30680870.00110000022
11/22/2019USDYSPG828806109SIMON PPTY GROUP INC NEW411.00146.51000060215.610.20%30680870.00110000022
11/22/2019USDYHAL406216101HALLIBURTON CO2752.0021.13000058149.760.19%30680870.00110000022
11/22/2019USDYBBY086516101BEST BUY INC794.0072.21000057334.740.19%30680870.00110000022
11/22/2019USDYRF7591EP100REGIONS FINL CORP NEW3565.0016.49000058786.850.19%30680870.00110000022
11/22/2019USDYK487836108KELLOGG CO855.0064.72000055335.600.18%30680870.00110000022
11/22/2019USDYHBAN446150104HUNTINGTON BANCSHARES INC3719.0014.69000054632.110.18%30680870.00110000022
11/22/2019USDYPLD74340W103PROLOGIS INC594.0090.85000053964.900.18%30680870.00110000022
11/22/2019USDYIVZG491BT108INVESCO LTD3279.0017.07000055972.530.18%30680870.00110000022
11/22/2019USDYMTN91879Q109VAIL RESORTS INC232.00236.17000054791.440.18%30680870.00110000022
11/22/2019USDYOMC681919106OMNICOM GROUP INC678.0077.95000052850.100.17%30680870.00110000022
11/22/2019USDYJNPR48203R104JUNIPER NETWORKS INC2054.0025.32000052007.280.17%30680870.00110000022
11/22/2019USDYD25746U109DOMINION ENERGY INC619.0083.02000051389.380.17%30680870.00110000022
11/22/2019USDYCTL156700106CENTURYLINK INC3405.0014.85000050564.250.16%30680870.00110000022
11/22/2019USDYIFF459506101INTERNATIONAL FLAVORS&FRAGRANC COM357.00136.88000048866.160.16%30680870.00110000022
11/22/2019USDYSNA833034101SNAP ON INC316.00157.98000049921.680.16%30680870.00110000022
11/22/2019USDYMXIM57772K101MAXIM INTEGRATED PRODS INC885.0054.93000048613.050.16%30680870.00110000022
11/22/2019USDYBKR05722G100BAKER HUGHES COMPANY2010.0022.59000045405.900.15%30680870.00110000022
11/22/2019USDYSO842587107SOUTHERN CO667.0062.68000041807.560.14%30680870.00110000022
11/22/2019USDYDRI237194105DARDEN RESTAURANTS INC378.00113.49000042899.220.14%30680870.00110000022
11/22/2019USDYPACW695263103PACWEST BANCORP DEL1150.0037.57000043205.500.14%30680870.00110000022
11/22/2019USDYMIC55608B105MACQUARIE INFRASTRUCTURE CORP1039.0041.75000043378.250.14%30680870.00110000022
11/22/2019USDYJEF47233W109JEFFERIES FINL GROUP INC2118.0020.52000043461.360.14%30680870.00110000022
11/22/2019USDYLEA521865204LEAR CORP369.00117.67000043420.230.14%30680870.00110000022
11/22/2019USDYWDC958102105WESTERN DIGITAL CORP854.0047.84000040855.360.13%30680870.00110000022
11/22/2019USDYWU959802109WESTERN UN CO1447.0027.03000039112.410.13%30680870.00110000022
11/22/2019USDYAMTD87236Y108TD AMERITRADE HLDG CORP815.0048.38000039429.700.13%30680870.00110000022
11/22/2019USDYSJM832696405SMUCKER J M CO383.00104.15000039889.450.13%30680870.00110000022
11/22/2019USDYDUK26441C204DUKE ENERGY CORP NEW454.0086.66000039343.640.13%30680870.00110000022
11/22/2019USDYGT382550101GOODYEAR TIRE & RUBR CO2531.0015.74000039837.940.13%30680870.00110000022
11/22/2019USDYCAG205887102CONAGRA BRANDS INC1394.0028.22000039338.680.13%30680870.00110000022
11/22/2019USDYGPK388689101GRAPHIC PACKAGING HLDG CO2527.0016.02000040482.540.13%30680870.00110000022
11/22/2019USDYFNF31620R303FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM861.0047.73000041095.530.13%30680870.00110000022
11/22/2019USDYGRMNH2906T109GARMIN LTD365.0098.08000035799.200.12%30680870.00110000022
11/22/2019USDYR783549108RYDER SYS INC732.0050.89000037251.480.12%30680870.00110000022
11/22/2019USDYSIX83001A102SIX FLAGS ENTMT CORP NEW831.0045.34000037677.540.12%30680870.00110000022
11/22/2019USDYWYNN983134107WYNN RESORTS LTD289.00118.35000034203.150.11%30680870.00110000022
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11/22/2019USDYTCO876664103TAUBMAN CTRS INC66.0032.3500002135.100.01%30680870.00110000022
11/22/2019USDYRPAI76131V202RETAIL PPTYS AMER INC256.0013.7200003512.320.01%30680870.00110000022
11/22/2019USDYSRC84860W300SPIRIT RLTY CAP INC NEW87.0050.3400004379.580.01%30680870.00110000022
11/22/2019USDYPGRE69924R108PARAMOUNT GROUP INC264.0013.3800003532.320.01%30680870.00110000022
11/22/2019USDYOUT69007J106OUTFRONT MEDIA INC150.0024.8000003720.000.01%30680870.00110000022
11/22/2019USDYOFC22002T108CORPORATE OFFICE PPTYS TR106.0028.4000003010.400.01%30680870.00110000022
11/22/2019USDYNFG636180101NATIONAL FUEL GAS CO N J58.0045.0800002614.640.01%30680870.00110000022
11/22/2019USDYMDU552690109MDU RES GROUP INC154.0028.9600004459.840.01%30680870.00110000022
11/22/2019USDYMCY589400100MERCURY GENL CORP NEW87.0048.2500004197.750.01%30680870.00110000022
11/22/2019USDYMAC554382101MACERICH CO176.0025.9400004565.440.01%30680870.00110000022
11/22/2019USDYCXP198287203COLUMBIA PPTY TR INC105.0020.1100002111.550.01%30680870.00110000022
11/22/2019USDYJBGS46590V100JBG SMITH PPTYS111.0039.2800004360.080.01%30680870.00110000022
11/22/2019USDYIDA451107106IDACORP INC35.00104.5700003659.950.01%30680870.00110000022
11/22/2019USDYHE419870100HAWAIIAN ELEC INDUSTRIES44.0043.7500001925.000.01%30680870.00110000022
11/22/2019USDYRYN754907103RAYONIER INC134.0030.2600004054.840.01%30680870.00110000022
11/22/2019USDYESRT292104106EMPIRE ST RLTY TR INC176.0013.8900002444.640.01%30680870.00110000022
11/22/2019USDYEAF384313508GRAFTECH INTL LTD217.0014.4300003131.310.01%30680870.00110000022
11/22/2019USDYVIRT928254101VIRTU FINL INC159.0016.7500002663.250.01%30680870.00110000022
11/22/2019USDYAGR05351W103AVANGRID INC22.0048.6700001070.740.00%30680870.00110000022
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please feel free to contact us directly.

Above all, we value our client relationships. If you have questions or comments about Pacific Global ETFs, please feel free to contact us directly.

ETF shares are not individually redeemable from the Fund. Shares may only be redeemed directly from the Fund by Authorized Participants in creation units only.

Authorized Participant Concentration Risk. The Fund has a limited number of institutions that act as Authorized Participants. To the extent that these institutions exit the business or are unable to proceed with creation and/or redemption orders with respect to the Fund and no other Authorized Participant is able to step forward to create or redeem Creation Units, Fund shares may trade at a discount to NAV and possibly face trading halts and/or delisting. The Fund faces numerous market trading risks, including disruptions to the creation and redemption processes of the Fund, losses from trading in secondary markets, the existence of extreme market volatility or potential lack of an active trading market for Shares may result in Shares trading at a significant premium or discount to NAV. The market prices of Shares will fluctuate in accordance with changes in NAV and supply and demand on the Exchange. If a shareholder purchases Shares at a time when the market price is at a premium to the NAV or sells Shares at a time when the market price is at a discount to the NAV, the shareholder may sustain losses.

The Fund is subject to limited history of operations risk since it is a new ETF and has a limited history of operations for investors to evaluate.

The Fund is an actively managed exchange traded fund (ETF) and, thus, does not seek to replicate the performance of a specified index.  Instead, investment decisions are made based on investment views and there is no guarantee that the investment views will produce the desired results or expected returns, which may cause the Fund to fail to meet its investment objective or to underperform its benchmark index or funds with similar investment objectives and strategies. While the Fund may hold securities of companies that have historically paid a high dividend yield, it is subject to dividend-paying stock risk, as those companies may reduce or discontinue their dividends, reducing the yield of the Fund; The net asset value of the Fund will fluctuate based on changes in the value of the U.S. equity securities held by the Fund. Equity prices can fall rapidly in response to developments affecting a specific company or industry, or to changing economic, political or market conditions. Issuer Risk. Fund performance depends on the performance of individual securities that the Fund holds. Changes in the financial condition or credit rating of an issuer of those securities may cause the value of the securities to decline. Large Capitalization Company Risk. Larger, more established companies may be unable to attain the high growth rates of successful, smaller companies during periods of economic expansion. Overall market risks may affect the value of the Fund. Factors such as U.S. economic growth and market conditions, interest rate levels and political events affect the securities markets. The Fund faces numerous market trading risks, including the potential lack of an active market for the Shares, losses from trading in secondary markets, and disruption in the creation/redemption process of the Fund. Sector risk is the possibility that securities within the same group of industries will decline in price due to sector-specific market or economic developments. If the Fund invests more heavily in a particular sector, the value of its shares may be especially sensitive to factors and economic risks that specifically affect that sector.

Benchmark definition

The Russell 1000 Value Index measures the performance of the large-cap value segment of the US equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower expected growth values. The Russell 1000 Value Index is constructed to provide a comprehensive and unbiased barometer for the large-cap value segment. The index is completely reconstituted annually to ensure new and growing equities are included and that the represented companies continue to reflect value characteristics.

The volatility of the index may be materially different from that of the Fund. You cannot invest directly in an index. Index results assume the re-investment of all dividends and capital gains. In addition, the Fund’s holdings may differ significantly from the securities that comprise the index.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please visit the Fund webpages. Read the prospectus or summary prospectus carefully before investing.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any investor or prospective investor. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Investors seeking information regarding their particular investment needs should contact a financial professional.

Pacific Global Asset Management LLC is a wholly-owned subsidiary of Pacific Life Insurance Company (“Pacific Life”). Pacific Global Advisors LLC and Cadence Capital Management LLC are each wholly-owned subsidiaries of Pacific Global Asset Management and indirect subsidiaries of Pacific Life.

Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.

Funds are distributed by Foreside Fund Services, LLC, a member of FINRA and SIPC.