IINC
Alki Consolidated Income ETF
Fund Summary
The Alki Consolidated Income ETF (IINC) is an actively managed exchange-traded fund.
The fund’s primary investment objective is to produce a relatively high level of monthly income for its shareholders.
As secondary objectives, the manager seeks to maintain lower volatility in the portfolio in comparison to the S&P 500 Index. Additionally, the fund will seek to minimize the tax burden on its distributions through tax-loss harvesting and deferment of capital gains.
To achieve this, the fund implements a sophisticated “buy-write” or “covered call” strategy, combined with a cash-secured put-writing strategy, on a portfolio of individual common stocks. This approach is designed to generate income from three sources:
- Dividends from the underlying stock portfolio.
- Premiums collected from selling options contracts.
- Interest earned on cash balances.
Fund Details
*The subsidized SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on maximum offering price per share and includes the effect of any fee waivers. Without waivers, yields would be reduced. This is also referred to as the “standardized yield,” “30-Day Yield” and “Current Yield”.
*30-Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
Performance
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 investors 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 (XXX) XXX-XXXX.
Short term performance, in particular, is not a good indication of the funds future performance, and an investment should not be made based solely on returns. Market price is the price at which shares in the ETF can be bought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each shares portion of the funds underlying assets and cash at the end of the trading day.
Fund Documents
Important Information
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 call (844) 875-2288 or visit www.iincetf.com.com. Read the prospectus or summary prospectus carefully before investing.
Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes.
Distribution Risk. The Fund intends to engage in distributions on a monthly basis. There is no assurance that the Fund will make a distribution in any given month.
NAV Decline Risk Due to Distributions. When the Fund makes a distribution, the Fund’s NAV will typically drop by the amount of the distribution on the related ex-dividend date.
New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.
Distributed by Foreside Fund Services, LLC