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 07/19/2024

07/19/2024 1 day change $ 1 day change % Year to date Cum since inc*
FFLS NAV $22.79 $-0.15 -0.65% 12.82% 13.95%
FFLS MKT $22.84 $-0.15 -0.65% 13.07% 14.20%
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 06/30/2024

Quarter Year to date 1 year Ann Since Inc*
FFLS NAV 3.12% 14.70% 17.20% 15.40%
FFLS MKT 3.34% 14.95% 17.27% 15.64%
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 07/19/2024

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 $30,535,455.00
Shares Outstanding 1,340,000
Net Mkt. Exposure 64.75%
Premium/Discount 0.05%
30-Day Median Bid/Ask-Spread 0.1295%

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 07/19/2024

Ticker Security Identifier Company name Shares Market value $ Market Value % ex-cash*
1 GOOGL 02079K305 ALPHABET INC-A 13,080 $2,323,792 8.86%
2 LLY 532457108 ELI LILLY & CO 2,077 $1,780,965 6.79%
3 NVDA 67066G104 NVIDIA CORP 13,400 $1,580,262 6.03%
4 GTLS 16115Q308 CHART INDUSTRIES 6,450 $1,051,737 4.01%
5 MU 595112103 MICRON TECH 9,071 $1,036,452 3.95%
6 CRM 79466L302 SALESFORCE INC 4,161 $1,030,388 3.93%
7 HALO 40637H109 HALOZYME THERAPE 18,820 $1,017,032 3.88%
8 ABNB 009066101 AIRBNB INC-A 6,834 $1,011,363 3.86%
9 UBER 90353T100 UBER TECHNOLOGIE 14,740 $992,149 3.78%
10 NFLX 64110L106 NETFLIX INC 1,474 $933,543 3.56%
11 KTOS 50077B207 KRATOS DEFENSE & 41,240 $864,802 3.30%
12 ONON H5919C104 ON HOLDING AG-A 21,440 $858,886 3.28%
13 VRTX 92532F100 VERTEX PHARM 1,742 $856,314 3.27%
14 DASH 25809K105 DOORDASH INC-A 8,040 $853,044 3.25%
15 AMD 007903107 ADV MICRO DEVICE 5,581 $845,967 3.23%
16 SCHW 808513105 SCHWAB (CHARLES) 13,400 $831,872 3.17%
17 GPRE 393222104 GREEN PLAINS INC 48,418 $806,159 3.07%
18 EW 28176E108 EDWARDS LIFE 9,179 $793,983 3.03%
19 FTI G87110105 TECHNIPFMC PLC 28,160 $792,704 3.02%
20 GLW 219350105 CORNING INC 17,869 $791,775 3.02%
21 GLOB L44385109 GLOBANT SA 3,707 $720,455 2.75%
22 WOLF 977852102 WOLFSPEED INC 34,222 $717,635 2.74%
23 LPLA 50212V100 LPL FINANCIAL HO 3,350 $708,927 2.70%
24 GTLB 37637K108 GITLAB INC-CL A 13,156 $704,766 2.69%
25 PANW 697435105 PALO ALTO NETWOR 2,100 $694,869 2.65%
26 RIVN 76954A103 RIVIAN AUTOMOT-A 40,870 $684,572 2.61%
27 EXAS 30063P105 EXACT SCIENCES 13,528 $633,245 2.42%
28 ERJ 29082A107 EMBRAER SA-ADR 21,196 $630,581 2.41%
29 MCHP 595017104 MICROCHIP TECH 6,700 $594,759 2.27%
30 PWR 74762E102 QUANTA SERVICES 2,176 $562,626 2.15%
31 CMG 169656105 CHIPOTLE MEXICAN 6,634 $355,184 1.35%
32 CELH 15118V207 CELSIUS HOLDINGS 6,288 $311,759 1.19%

Top Short Holdings as of 07/19/2024

Ticker Security Identifier Company name Shares Market value $ Market Value % ex-cash*
1 URI 911363109 UNITED RENTALS -1,860 $-1,336,670 -5.10%
2 COIN 19260Q107 COINBASE GLOBA-A -3,695 $-952,534 -3.63%
3 VRT 92537N108 VERTIV HOLDING-A -10,000 $-853,100 -3.25%
4 DKNG 26142V105 DRAFTKINGS INC -22,000 $-812,460 -3.10%
5 FICO 303250104 FAIR ISAAC CORP -500 $-795,395 -3.03%
6 TM 892331307 TOYOTA MOTOR-ADR -4,000 $-788,600 -3.01%
7 HRB 093671105 H&R BLOCK INC -13,600 $-759,016 -2.89%
8 COHR 19247G107 COHERENT CORP -10,500 $-756,210 -2.88%
9 PVH 693656100 PVH CORP -6,500 $-653,770 -2.49%
10 DDOG 23804L103 DATADOG INC-A -5,000 $-595,150 -2.27%
11 DXCM 252131107 DEXCOM -5,300 $-591,798 -2.26%
12 CRWD 22788C105 CROWDSTRIKE HO-A -1,800 $-548,928 -2.09%
13 ADBE 00724F101 ADOBE INC -990 $-545,490 -2.08%
14 ROL 775711104 ROLLINS INC -10,650 $-526,536 -2.01%
15 ISRG 46120E602 INTUITIVE SURGIC -1,030 $-468,660 -1.79%
16 PII 731068102 POLARIS INC -5,000 $-412,319 -1.57%
*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 07/19/2024

Long Exposure 108.21% Gross Exposure 151.68%
Short Exposure -43.47% Net Exposure 64.75%
**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 07/19/2024

2023 Q1 2024 Q2 2024 Q3 2024
Days at premium 22 16 23 11
Days at zero premium/discount 32 17 14 1
Days at discount 81 28 26 2
 

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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