Investment objective & strategy
As of May 5, 2025 · prospectusObjective. The RiverNorth Patriot ETF (the Patriot ETF or the Fund) seeks capital growth.
Strategy. The Fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in equity securities, including common stock of mid-cap and large-cap companies, tied to the economy of the U.S. RiverNorth Capital Management, LLC (the Sub-Adviser), the Funds sub-adviser, will consider a company to be tied to the U.S. economy if: 1) the company is organized under the laws of the U.S.; 2) the shares of the company are traded principally in the U.S.; and 3) the company generates at least 90% of its revenue from its activities in the U.S. In addition, to be eligible for inclusion in the Funds portfolio, a company must have, at the time of purchase, a market capitalization over … The Fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in equity securities, including common stock of mid-cap and large-cap companies, tied to the economy of the U.S. RiverNorth Capital Management, LLC (the Sub-Adviser), the Funds sub-adviser, will consider a company to be tied to the U.S. economy if: 1) the company is organized under the laws of the U.S.; 2) the shares of the company are traded principally in the U.S.; and 3) the company generates at least 90% of its revenue from its activities in the U.S. In addition, to be eligible for inclusion in the Funds portfolio, a company must have, at the time of purchase, a market capitalization over $5 billion. The portfolio will be constructed at the discretion of the Sub-Adviser. In constructing the Funds portfolio, the Sub-Adviser may consider a variety of factors, including its overall market sector and industry weighting, and no one factor is expected to be determinative of investment decisions. Weightings of positions and sectors and industries may be adjusted at any time at the discretion of the Sub-Adviser. Folds of Honor The Sub-Adviser will donate a majority of its sub-advisory fee or 100% of the profit derived from its management of the Fund, whichever is greater, to the Folds of Honor Foundation, a charity focused on providing scholarships to families of veterans. Folds of Honor is a 501(c)(3) non-profit organization, rated 4-star by Charity Navigator and platinum by GuideStar, that provides educational scholarships to the families of military men and women who have fallen or been disabled while on active duty in the United States armed forces. Since 2007, a cumulative average ratio of 91% of every dollar raised by Folds of Honor has been contributed to its scholarship program, which has awarded approximately 62,000 educational scholarships as of 2024. Impact Investing The Fund is designed to provide an alternative approach to charity and seeks to deliver true impact investing. While Impact Investing can mean many things, the application of the term here is about delivering real dollars to a charity that directly supports education for the children and families of U.S. service members who were disabled or killed in action. The Fund is designed to deliver real world benefits to those in need now.
Top holdings
As of March 31, 2025 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| CORCEPT THERAPEUTICS INC | — | $29.01K | 0.75% |
| FIRST AM-TR OB-X | TMPXX | $20.19K | 0.52% |
| HCA HEALTHCARE INC | — | $19.01K | 0.49% |
| COCA COLA CONSOLIDATED INC | — | $18.90K | 0.49% |
| MCKESSON CORP | — | $18.84K | 0.49% |
| ELEVANCE HEALTH INC | — | $18.70K | 0.48% |
| O'REILLY AUTOMOTIVE INC | — | $18.62K | 0.48% |
| THE CIGNA GROUP | — | $18.42K | 0.48% |
| DUKE ENERGY CORP NEW | — | $17.69K | 0.46% |
| CHEMED CORP | — | $17.23K | 0.45% |
Portfolio moves
Dec 31, 2024 → Mar 31, 2025How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Victory US Enhanced Vol Wtd Index · CUHAX, CUHCX, CUHIX | 28% | 0.76% |
| Acclivity Mid Cap Multi-Style Fund · AXMNX, AXMIX | 27% | 0.44% |
| Timothy Plan US Large/Mid Cap Core Enhanced ETF · TPLE | 27% | 0.52% |
Advisers
| Firm | Role |
|---|---|
| RiverNorth Capital Management, LLC | Sub-adviser |
| TrueMark Investments, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2025, from the fund's N-PORT filing.
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