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 09/22/2023

09/22/2023 1 day change $ 1 day change % Year to date Cum. since inc.
FFLS NAV $19.39 $0.05 0.26% -3.05% -3.05%
FFLS MKT $19.39 $0.05 0.26% -3.05% -3.05%
FFLS inception 6/20/2023; Expenses*: Maximum investor fee 1.24%; net/gross 1.75%/2.40%

Quarter-End Performance as of 06/30/2023

Quarter Year to date 1 year Since inception
FFLS NAV -1.15% -1.15% - -1.15%
FFLS MKT -1.00% -1.00% - -1.00%
FFLS inception 6/20/2023; Expenses*: Maximum investor fee 1.24%; net/gross 1.75%/2.40%

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 09/22/2023

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 $1,938,982.04
Shares Outstanding 100,000
Net Mkt. Exposure 67.05%
Premium/Discount -
30-Day Median Bid/Ask-Spread 0.3148%

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 09/22/2023

Ticker Company name Shares Market value $ Market Value % ex-cash*
1 GOOGL ALPHABET INC-A 1,400 $182,350 9.68%
2 TSLA TESLA INC 563 $137,867 7.32%
3 GTLS CHART INDUSTRIES 500 $83,370 4.43%
4 PWR QUANTA SERVICES 400 $75,380 4.00%
5 CIEN CIENA CORP 1,500 $70,710 3.75%
6 PANW PALO ALTO NETWOR 300 $68,553 3.64%
7 HALO HALOZYME THERAPE 1,700 $67,269 3.57%
8 CRM SALESFORCE INC 325 $67,089 3.56%
9 UBER UBER TECHNOLOGIE 1,500 $66,615 3.54%
10 BIDU BAIDU INC-SP ADR 500 $66,175 3.51%
11 ABNB AIRBNB INC-A 500 $66,100 3.51%
12 LLY ELI LILLY & CO 120 $66,064 3.51%
13 CMG CHIPOTLE MEXICAN 35 $65,645 3.48%
14 GPRE GREEN PLAINS INC 2,050 $63,960 3.40%
15 LPLA LPL FINANCIAL HO 250 $60,287 3.20%
16 CRL CHARLES RIVER LA 300 $59,886 3.18%
17 CZR CAESARS ENTERTAI 1,300 $59,800 3.17%
18 CELH CELSIUS HOLDINGS 350 $58,639 3.11%
19 LULU LULULEMON ATH 150 $58,207 3.09%
20 SCHW SCHWAB (CHARLES) 1,000 $55,150 2.93%
21 ZTS ZOETIS INC 300 $53,004 2.81%
22 BYDDY BYD CO-UNSP ADR 825 $51,793 2.75%
23 WOLF WOLFSPEED INC 1,300 $49,556 2.63%
24 RIVN RIVIAN AUTOMOT-A 2,400 $49,416 2.62%
25 HOG HARLEY-DAVIDSON 1,500 $48,900 2.60%
26 NFLX NETFLIX INC 125 $47,476 2.52%
27 MU MICRON TECH 600 $41,820 2.22%
28 NVDA NVIDIA CORP 100 $41,610 2.21%
29 ENPH ENPHASE ENERGY 240 $28,780 1.53%

Top Short Holdings as of 09/22/2023

Ticker Company name Shares Market value $ Market Value % ex-cash*
1 TM TOYOTA MOTOR CORP -SPON A -400 $-74,840 -3.97%
2 YETI YETI HOLDINGS IN -1,400 $-66,360 -3.52%
3 FHI FEDERATED HERMES -1,600 $-55,728 -2.96%
4 UA UNDER ARMO-C -8,500 $-53,635 -2.85%
5 WW WW INTERNATIONAL -5,000 $-49,925 -2.65%
6 NWL NEWELL BRANDS IN -5,000 $-44,850 -2.38%
7 ZM ZOOM VIDEO COM-A -650 $-44,752 -2.38%
8 SNAP SNAP INC - A -4,400 $-38,236 -2.03%
9 MMI MARCUS & MILLICH -1,250 $-37,362 -1.98%
10 GPC GENUINE PARTS CO -250 $-36,587 -1.94%
11 EBAY EBAY INC -650 $-28,034 -1.49%
12 PSNY POLESTAR A-A ADS -12,500 $-28,000 -1.49%
13 LCID LUCID GROUP INC -5,000 $-25,550 -1.36%
14 RMAX RE/MAX HOLDINGS -1,750 $-25,042 -1.33%
15 PINS PINTEREST INC -A -900 $-24,048 -1.28%
16 CHPT CHARGEPOINT HOLD -3,100 $-15,562 -0.83%
*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 09/22/2023

Long Exposure 101.47% Gross Exposure 135.90%
Short Exposure -34.43% Net Exposure 67.05%
**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 09/22/2023

2022 Q1 2023 Q2 2023 Q3 2023
Days at premium - - 5 12
Days at zero premium/discount - - 2 19
Days at discount - - 2 27
 

Historical Distributions

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

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Invest with many online brokers or talk with your financial advisor.
Northern Lights Distributors, LLC and The Future Fund LLC are not affiliated with these brokerage firms.

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