SHAREHOLDER SERVICES 877.466.7090

THE FUTURE FUND
LONG/SHORT ETF (FFLS)

Investing in companies we believe are best able to exploit these megatrends and shorting companies most disrupted by these same megatrends.

Daily Performance as of 02/12/2025

02/12/2025 1 day change $ 1 day change % Year to date Cum since inc1
FFLS NAV $24.39 $0.23 0.95% 6.14% 26.00%
FFLS MKT $24.42 $0.27 1.12% 6.08% 26.16%
FFLS since inception 6/20/2023; Expenses: Adjusted Investor Fee* 1.24%; Total Annual Fund Operating Expense 11.99% 1Cumulative since inception

Quarter-End Performance as of 12/31/2024

Quarter Year to date 1 year Ann Since Inc1
FFLS NAV 4.18% 17.54% 17.54% 11.85%
FFLS MKT 4.23% 17.75% 17.75% 11.98%
FFLS since inception 6/20/2023; Expenses: Adjusted Investor Fee* 1.24%; Total Annual Fund Operating Expense 11.99% 1Cumulative since inception

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

*Pursuant to an operating expense limitation agreement between The Future Fund, LLC (the “Advisor”) and the Trust, on behalf of the Fund, the Advisor has agreed to waive its fees and/or absorb expenses of the Fund to ensure that Total Annual Fund Operating Expenses for the Funds (excluding any front-end or contingent deferred loads, brokerage fees and commissions, acquired fund fees and expenses, borrowing costs such as interest and dividend expense on securities sold short) and extraordinary expenses do not exceed 1.24% of the Future Fund Long Short ETF's average net assets through September 30, 2025.

Fund NAV represents the closing price of underlying securities. Closing Market Price is calculated using the price which investors buy and sell ETF shares in the market. The Closing Market Price returns in the table were calculated using the closing price and account for distributions from the funds.

For monthly performance, please call 877.466.7090.

Performance over 1 year is annualized.

GROWTH-ORIENTED, HEDGED EQUITY STRATEGY TO HELP SHAREHOLDERS MANAGE RISK IN A VOLATILE ENVIRONMENT

  • High conviction, actively managed ETF Primarily invests in a concentrated set of equity securities that may be best positioned to profit from changing secular growth trends, while shorting those we believe may be disrupted by those same megatrends.
  • Alpha generation Through active stock selection and capitalizing on short-term dislocations in the market with potential to provide greater risk adjusted returns than the indices.
  • Research-focused Vigorous proprietary research, both fundamental and on-the-ground.
  • Managing risk on multiple levels Risk managed intensively, both fundamentally and quantitatively.
  • Strategic and tactical Identifying companies that may benefit from long-term trends; potential to opportunistically exploit short-term dislocations in the market to create incremental alpha.
  • Daily transparency + liquidity Shares are bought and sold daily on the NYSE at market price, like a stock, through your online broker or financial advisor; no minimum investment dollar amount.
 

FFLS FACTS as of 02/12/2025

Inception Date 6/20/23
Ticker FFLS
Expense Ratio1
  Adjusted Investor Fee
  Tot Ann Fund Op Exp
1.24%
11.99%
Primary Exchange NYSE
CUSIP 66538F165
Net Assets $36,579,973.12
Shares Outstanding 1,500,000
Net Mkt. Exposure 75.72%
Premium/Discount 0.03%
30-Day Median Bid/Ask-Spread 0.1254%

Fund Resources

1 Pursuant to an operating expense limitation agreement between The Future Fund, LLC (the “Advisor”) and the Trust, on behalf of the Fund, the Advisor has agreed to waive its fees and/or absorb expenses of the Fund to ensure that Total Annual Fund Operating Expenses for the Funds (excluding any front-end or contingent deferred loads, brokerage fees and commissions, acquired fund fees and expenses, borrowing costs such as interest and dividend expense on securities sold short) and extraordinary expenses do not exceed 1.24% of the Future Fund Long Short ETF's average net assets through September 30, 2025.

 

Top Long Holdings as of 02/12/2025

Ticker Security Identifier Company name Shares Market value $ Market Value % ex-cash*
1 NVDA 67066G104 NVIDIA CORP 20,335 $2,666,731 11.09%
2 GOOGL 02079K305 ALPHABET INC-A 10,993 $2,018,424 8.40%
3 LPLA 50212V100 LPL FINANCIAL HO 4,520 $1,660,286 6.91%
4 NFLX 64110L106 NETFLIX INC 1,453 $1,492,681 6.21%
5 UBER 90353T100 UBER TECHNOLOGIE 18,527 $1,470,117 6.11%
6 PANW 697435105 PALO ALTO NETWOR 7,429 $1,461,507 6.08%
7 LLY 532457108 ELI LILLY & CO 1,514 $1,321,676 5.50%
8 CRM 79466L302 SALESFORCE INC 3,797 $1,238,277 5.15%
9 HALO 40637H109 HALOZYME THERAPE 20,610 $1,197,647 4.98%
10 DASH 25809K105 DOORDASH INC-A 5,890 $1,183,242 4.92%
11 ABNB 009066101 AIRBNB INC-A 7,650 $1,074,978 4.47%
12 EW 28176E108 EDWARDS LIFE 14,025 $1,063,375 4.42%
13 FTI G87110105 TECHNIPFMC PLC 33,841 $1,038,580 4.32%
14 DELL 24703L202 DELL TECHN-C 9,122 $1,030,056 4.28%
15 GLW 219350105 CORNING INC 18,243 $948,818 3.95%
16 VRTX 92532F100 VERTEX PHARM 2,077 $941,296 3.92%
17 YETI 98585X104 YETI HOLDINGS IN 22,297 $845,279 3.52%
18 DKNG 26142V105 DRAFTKINGS INC 17,230 $782,931 3.26%
19 EQIX 29444U700 EQUINIX INC 811 $758,447 3.15%
20 GTLB 37637K108 GITLAB INC-CL A 10,169 $709,694 2.95%
21 ERJ 29082A107 EMBRAER SA-ADR 16,630 $688,980 2.87%
22 XYZ US 852234103 BLOCK INC 8,108 $672,882 2.80%
23 MU 595112103 MICRON TECH 7,095 $650,469 2.71%
24 AMD 007903107 ADV MICRO DEVICE 5,068 $566,196 2.35%
25 CELH 15118V207 CELSIUS HOLDINGS 24,270 $516,465 2.15%
26 KTOS 50077B207 KRATOS DEFENSE & 15,022 $465,832 1.94%
27 FND 339750101 FLOOR & DECOR-A 4,307 $413,170 1.72%
28 ONON H5919C104 ON HOLDING AG-A 7,222 $390,276 1.62%
29 DDOG 23804L103 DATADOG INC-A 2,344 $347,122 1.44%
30 GLOB L44385109 GLOBANT SA 1,520 $332,560 1.38%
31 JD 47215P106 JD.COM INC-ADR 8,203 $322,459 1.34%

Top Short Holdings as of 02/12/2025

Ticker Security Identifier Company name Shares Market value $ Market Value % ex-cash*
1 URI 911363109 UNITED RENTALS -1,500 $-1,101,735 -4.58%
2 PWR 74762E102 QUANTA SERVICES -3,500 $-1,044,155 -4.34%
3 RH 74967X103 RH -2,400 $-897,960 -3.73%
4 LFUS 537008104 LITTELFUSE INC -3,500 $-848,785 -3.53%
5 UNH 91324P102 UNITEDHEALTH GRP -1,600 $-843,840 -3.51%
6 APH 032095101 AMPHENOL CORP-A -11,500 $-801,895 -3.34%
7 RBLX 771049103 ROBLOX CORP - A -11,000 $-706,200 -2.94%
8 HRB 093671105 H&R BLOCK INC -13,600 $-700,264 -2.91%
9 ROL 775711104 ROLLINS INC -12,650 $-633,765 -2.64%
10 BAH 099502106 BOOZ ALLEN HAMIL -5,000 $-609,400 -2.53%
11 ISRG 46120E602 INTUITIVE SURGIC -1,030 $-607,298 -2.53%
12 FAST 311900104 FASTENAL CO -8,000 $-589,440 -2.45%
13 RMD 761152107 RESMED INC -2,100 $-496,860 -2.07%
14 ON 682189105 ON SEMICONDUCTOR -8,500 $-425,510 -1.77%
15 COIN 19260Q107 COINBASE GLOBA-A -1,500 $-412,350 -1.72%
16 ROKU 77543R102 ROKU INC -4,400 $-373,032 -1.55%
17 MEDP 58506Q109 MEDPACE HOLDINGS -1,000 $-336,470 -1.40%
18 VRT 92537N108 VERTIV HOLDING-A -3,000 $-333,720 -1.39%
19 AFRM 00827B106 AFFIRM HOLDINGS -4,000 $-302,640 -1.26%
Full
Holdings
*Calculations for all exposure figures disregards all options, cash, sweeps, and receivables.
Portfolio holdings and exposures are subject to change at any time and should not be considered investment advice.
 

Portfolio Market Exposure** as of 02/12/2025
Long Exposure 125.90% Gross Exposure 176.09%
Short Exposure -50.18% Net Exposure 75.72%
**Calculations for all exposure figures disregards all options, cash, sweeps, and receivables. The net exposure calculates total long positions (Weightings) plus total short positions (Weightings). Gross exposure calculates total long positions (Weightings) minus total short positions (Weightings). Figures do not include delta-adjusted values of options.