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 10/04/2024

10/04/2024 1 day change $ 1 day change % Year to date Cum since inc*
FFLS NAV $23.13 $0.24 1.05% 14.51% 15.65%
FFLS MKT $23.17 $0.29 1.27% 14.70% 15.85%
FFLS since inception 6/20/2023; Expenses: Maximum investor fee 1.24%; net/gross 1.75%/2.40% *Cumulative since inception

Quarter-End Performance as of 09/30/2024

Quarter Year to date 1 year Ann Since Inc*
FFLS NAV -1.64% 12.82% 17.47% 10.75%
FFLS MKT -1.72% 12.97% 17.63% 10.86%
FFLS inception 6/20/2023; Expenses: Maximum investor fee 1.24%; net/gross 1.75%/2.40% *Annualized 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.

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 10/04/2024

Inception Date 6/20/23
Ticker FFLS
Expense Ratio
  Maximum Investor Fee1
  Gross/Net2

1.24%
2.40%/1.75%
Primary Exchange NYSE
CUSIP 66538F165
Net Assets $34,235,978.26
Shares Outstanding 1,480,000
Net Mkt. Exposure 68.94%
Premium/Discount 0.04%
30-Day Median Bid/Ask-Spread 0.2198%

1 Fund expenses are expected to total 2.40% gross and 1.75% net of fee waiver/expense reimbursements.

1, 2 Pursuant to an operating expense limitation agreement between The Future Fund, LLC (the “Adviser”) and the Trust, on behalf of the Fund, the Adviser has agreed to waive its fees and/or absorb expenses of the Fund to ensure that Total Annual Fund Operating Expenses for the Fund (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 Fund’s average net assets through September 30, 2024.

 

Top Long Holdings as of 10/04/2024

Ticker Security Identifier Company name Shares Market value $ Market Value % ex-cash*
1 NVDA 67066G104 NVIDIA CORP 18,064 $2,256,554 8.66%
2 GOOGL 02079K305 ALPHABET INC-A 12,535 $2,094,097 8.04%
3 CRM 79466L302 SALESFORCE INC 5,095 $1,466,086 5.63%
4 NFLX 64110L106 NETFLIX INC 1,898 $1,365,990 5.25%
5 LLY 532457108 ELI LILLY & CO 1,494 $1,325,417 5.09%
6 DASH 25809K105 DOORDASH INC-A 8,880 $1,286,356 4.94%
7 MU 595112103 MICRON TECH 12,196 $1,247,041 4.79%
8 UBER 90353T100 UBER TECHNOLOGIE 16,280 $1,209,278 4.64%
9 PANW 697435105 PALO ALTO NETWOR 3,365 $1,152,041 4.42%
10 GTLS 16115Q308 CHART INDUSTRIES 9,164 $1,134,594 4.36%
11 LPLA 50212V100 LPL FINANCIAL HO 4,460 $1,083,869 4.16%
12 FTI G87110105 TECHNIPFMC PLC 38,390 $1,051,118 4.04%
13 ABNB 009066101 AIRBNB INC-A 7,548 $980,107 3.76%
14 DDOG 23804L103 DATADOG INC-A 7,813 $958,576 3.68%
15 GTLB 37637K108 GITLAB INC-CL A 18,528 $929,364 3.57%
16 EW 28176E108 EDWARDS LIFE 13,838 $906,250 3.48%
17 ERJ 29082A107 EMBRAER SA-ADR 26,408 $896,023 3.44%
18 AMD 007903107 ADV MICRO DEVICE 5,000 $854,500 3.28%
19 FND 339750101 FLOOR & DECOR-A 7,210 $807,231 3.10%
20 GPRE 393222104 GREEN PLAINS INC 58,839 $794,326 3.05%
21 GLOB L44385109 GLOBANT SA 4,092 $791,597 3.04%
22 BABA 01609W102 ALIBABA GRP-ADR 6,500 $744,445 2.86%
23 GLW 219350105 CORNING INC 15,000 $673,200 2.59%
24 DKNG 26142V105 DRAFTKINGS INC 17,000 $667,760 2.56%
25 VRTX 92532F100 VERTEX PHARM 1,449 $659,744 2.53%
26 KTOS 50077B207 KRATOS DEFENSE & 24,822 $614,344 2.36%
27 CIEN 171779309 CIENA CORP 8,656 $577,268 2.22%
28 HALO 40637H109 HALOZYME THERAPE 9,335 $552,445 2.12%
29 RIVN 76954A103 RIVIAN AUTOMOT-A 45,140 $471,261 1.81%
30 ONON H5919C104 ON HOLDING AG-A 7,126 $368,485 1.41%
31 CELH 15118V207 CELSIUS HOLDINGS 6,946 $210,116 0.81%

Top Short Holdings as of 10/04/2024

Ticker Security Identifier Company name Shares Market value $ Market Value % ex-cash*
1 URI 911363109 UNITED RENTALS -1,860 $-1,468,507 -5.64%
2 FICO 303250104 FAIR ISAAC CORP -500 $-956,690 -3.67%
3 VRT 92537N108 VERTIV HOLDING-A -9,000 $-946,800 -3.64%
4 HRB 093671105 H&R BLOCK INC -13,600 $-849,728 -3.26%
5 FAST 311900104 FASTENAL CO -12,000 $-842,160 -3.23%
6 ADBE 00724F101 ADOBE INC -1,590 $-806,479 -3.10%
7 NXPI N6596X109 NXP SEMICONDUCTO -3,000 $-702,720 -2.70%
8 PODD 45784P101 INSULET CORP -3,000 $-689,820 -2.65%
9 KLAC 482480100 KLA CORP -875 $-688,966 -2.65%
10 ASML N07059210 ASML HOLDING-NY -800 $-666,400 -2.56%
11 ROL 775711104 ROLLINS INC -12,650 $-630,223 -2.42%
12 APH 032095101 AMPHENOL CORP-A -10,000 $-624,000 -2.40%
13 COIN 19260Q107 COINBASE GLOBA-A -3,000 $-512,730 -1.97%
14 ISRG 46120E602 INTUITIVE SURGIC -1,030 $-496,408 -1.91%
15 GH 40131M109 GUARDANT HEALTH -22,000 $-487,520 -1.87%
16 AFRM 00827B106 AFFIRM HOLDINGS -12,000 $-472,320 -1.81%
17 ACHC 00404A109 ACADIA HEALTHCAR -6,000 $-334,800 -1.29%
*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 10/04/2024

Long Exposure 115.69% Gross Exposure 162.45%
Short Exposure -46.76% Net Exposure 68.94%
**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.
 

Premium/Discount as of 10/04/2024

2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Days at premium 22 16 23 41 2
Days at zero premium/discount 32 17 14 5 1
Days at discount 81 28 26 18 1
 

Historical Distributions

Record Date Ex Date Payable Date Income Short Term Gains Long Term Gains Distribution Total
- - - - - - -
 

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Northern Lights Distributors, LLC and The Future Fund LLC are not affiliated with these brokerage firms.

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