UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-99999
(Exact name of registrant as specified in charter)
100 F St. NE, Washington, DC 20549
(Address of principal executive offices) (Zip code)
John Smith, Secretary
100 F St. NE
Washington, DC 20549
(Name and address of agent for service)
Registrant's telephone number, including area code:
999-999-9999 |
Date of fiscal year end: | October 31 |
Date of reporting period: |
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Item 1. | Reports to Stockholders. |
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Ticker:
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Stock
Exchange:
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Semi-Annual Shareholder Report | April 30, 2032 |
This
What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)
Fund | Costs of a $10,000 investment* | Costs paid as a percentage of a $10,000 investment† |
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$
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† This charge is annualized.
Average Annual Total Returns
1 Year | 5 Years |
Since Inception (
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Fictitious Income ETF |
- |
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ABC Broad-based Index* (reflects no deduction for fees, expenses, or taxes) |
- |
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QRS Broad-based Index* (reflects no deduction for fees, expenses, or taxes) |
- |
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XYZ Additional Index (reflects no deduction for fees, expenses, or taxes) |
- |
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Premium/Discount to NAV Summary
Shareholders may pay more than net asset value (NAV) when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. The data presented below represents past performance and cannot be used to predict future results.
Number of Days Trading in each Premium/Discount Range | |||
Trading at a Premium to NAV | Trading at a Discount to NAV | ||
Facts not required are not tagged. |
Total Days at |
1.00% or more |
0.75% to |
0.50% to |
0.25% to |
0.00% to |
-0.01% -0.24% |
-0.25%
-0.49% |
-0.50%
-0.74% |
-0.75%
-0.99% |
-1.00% or |
Total Days at |
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Fiscal Year 2031 |
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0 | 2 | 3 | 12 | 151 | 60 | 6 | 3 | 1 | 0 |
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First Quarter of Fiscal Year 2032 |
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0 | 1 | 1 | 4 | 34 | 20 | 2 | 1 | 1 | 0 |
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Second Quarter of Fiscal Year 2032 |
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0 | 1 | 2 | 3 | 32 | 22 | 2 | 1 | 0 | 0 |
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Fund Statistics (for the last six months)
Fund's Net Assets: | $
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Number of Investments: |
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Portfolio Turnover: |
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Average Credit Quality (based on credit ratings provided by UVW Rating Inc.) | BB+ |
Weighted Average Maturity: | 4.3 years |
Effective Duration | 3.22 |
Average Premium/Discount | 0.04% |
Graphical Representation of Holdings.
Asset Class (% of Total Investments) |
Credit Quality* (% of Total) |
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Bank Loans |
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U.S. Government |
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Corporate – High Quality |
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AAA |
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Corporate – High Yield |
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AA |
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Mortgage Backed Securities |
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A |
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Treasury |
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BBB |
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Asset Backed Securities |
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BB |
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Cash |
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B |
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Equity |
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CCC & Below |
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Other |
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Unrated |
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* | Credit Quality is based on credit ratings provided by UVW Rating Inc., a nationally recognized statistical rating organization, because the XYZ Advisers (the Fund’s manager) believes they have the broadest coverage of securities held by the Fund. |
Top Ten Portfolio Holdings (% of total investments) | ||||
Security | Percentage | Security | Percentage | |
XYZ MORTPASS 6% 11/52 |
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US 10YR NOTE 12/20/2041 |
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TBA GNMA SINGLE 5% |
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DEF BUDGET 4.62% 02/37 |
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QRS 4.194% 06/49 |
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MNO 4.27% 05/39 |
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TUV 2.791% 10/51 |
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HIJ Loan 6.5% 03/39 |
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ABC VAR 04/47 |
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GNMA 2030-100 VAR 05/62 |
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Availability of Additional Information.
Additional information about the Fund is available at www.fictitiouscompany.com/faker, including its:
· Prospectus | · Holdings | · Fund Commentary |
· Financial Information | · Proxy Voting information | · Description of UVW Rating Inc.’s credit ratings |
These tables would normally be hidden; they contain the data points for the images above.
Date | Fictitious Income ETF | ABC Broad-based Index | QRS Broad-based Index | XYZ Additional Index |
4/30/2024 |
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4/30/2025 |
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4/30/2026 |
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4/30/2027 |
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4/30/2028 |
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4/30/2029 |
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4/30/2030 |
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4/30/2031 |
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4/30/2032 |
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Sector (% of net assets) | pct |
Technology |
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Consumer Discretionary |
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Industrials |
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Financial Services |
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Consumer Staples |
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Health Care |
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Telecommunications |
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Energy |
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Real Estate |
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Materials |
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