Investment objective & strategy
As of Dec. 23, 2025 · prospectusObjective. The Fund seeks to provide investment results that generally correspond, before fees and expenses, to the performance of the THOR Equal Weight Low Volatility Index (the ?Index?).
Strategy. The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities included in the Index. The rules-based index is comprised of U.S. equity exchange traded funds (?ETFs?). The primary goal of the Index is to gain exposure to U.S. large cap equities while attempting to lower volatility by avoiding sectors that are currently in a down trending cycle. The Index measures the price trends and historic volatility of ten U.S. sector ETFs (the ?Select List?) over the medium term (three to six months). The Select List includes sector-specific ETFs in the Materials, Energy, Financial, Industrial, Technology, Healthcare, Utilities, Consumer Discretionary, Real Estate, and Consumer Staples sectors with a clear sector mandate, low … The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities included in the Index. The rules-based index is comprised of U.S. equity exchange traded funds (?ETFs?). The primary goal of the Index is to gain exposure to U.S. large cap equities while attempting to lower volatility by avoiding sectors that are currently in a down trending cycle. The Index measures the price trends and historic volatility of ten U.S. sector ETFs (the ?Select List?) over the medium term (three to six months). The Select List includes sector-specific ETFs in the Materials, Energy, Financial, Industrial, Technology, Healthcare, Utilities, Consumer Discretionary, Real Estate, and Consumer Staples sectors with a clear sector mandate, low overall expenses, and sufficient trading liquidity. The Index uses a proprietary algorithm that measures price momentum to evaluate the Select List to determine whether the security is currently ?risk on? (buy) or ?risk off? (sell), and the Fund?s portfolio is adjusted weekly based on the algorithm. Only sectors with a risk on signal are included in the Index. ? If all ten sectors are risk on, the sectors are equally weighted, and the Index consists of a 10% allocation to each sector. ? If a sector is risk off, the Index is equally weighted to the ?risk on? sectors, with a maximum allocation of 20% to each sector. ? The balance of the Index is allocated to one or more U.S. money market funds or cash. ? The Index may consist 100% of U.S. money market funds or cash during periods of sustained market declines. The Index is owned and was developed by THOR Analytics, LLC dba THOR Financial Technologies, LLC (the ?Adviser?). The Adviser has retained Solactive AG (the ?Index Calculation Agent?) to calculate and maintain the Index. The Index follows a weekly reconstitution and rebalancing schedule. The Index?s periodic rebalance and reconstitution schedule may cause the Fund to experience a higher rate of portfolio turnover. To the extent the Fund invests a significant portion of its assets in a given sector, the Fund will be exposed to the risks associated with that sector. The Adviser will use a replication strategy to track the Index, rather than a sampling approach, meaning the Fund will generally invest in all of the component securities of the Index in the same approximate proportions as in the Index.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| STATE STREET MATERIALS SELECT SECTOR SPDR ETF MUTUAL FUND | XLB | $8.86M | 15.34% |
| STATE STREET ENERGY SELECT SECTOR SPDR ETF MUTUAL FUND | XLE | $8.73M | 15.11% |
| State Street Industrial Select Sector SPDR ETF USD Class | XLI | $8.41M | 14.56% |
| State Street Consumer Staples Select Sector SPDR ETF | XLP | $8.25M | 14.30% |
| UTILITIES SELECT SECTOR SPDR MUTUAL FUND | XLU | $7.60M | 13.17% |
| State Street Health Care Select Sector SPDR ETF USD Class | XLV | $7.45M | 12.91% |
| STATE STREET CONSUMER DISCRETIONARY SELECT S SPDR | XLY | $7.41M | 12.83% |
| STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF MUTUAL FUND | BIL | $493.10K | 0.85% |
| TECHNOLOGY SELECT SECT SPDR MUTUAL FUND | XLK | $248.66K | 0.43% |
| STATE STREET REAL ESTATE SELECT SECTOR SPDR ETF MUTUAL FUND | XLRE | $197.94K | 0.34% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How 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. |
|---|---|---|
| ALPS Equal Sector Weight ETF · EQL | 67% | 0.27% |
| ARMOR Core Risk-Managed ETF · RMRC | 65% | 0.58% |
| FAIRLEAD TACTICAL SECTOR ETF · TACK | 50% | 0.70% |
Advisers
| Firm | Role |
|---|---|
| THOR Financial Technologies, LLC | Adviser |
Footnotes
- Expense ratio as of December 23, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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