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 04/19/2024

04/19/2024 1 day change $ 1 day change % Year to date Cum. since inc.
FFLS NAV $22.01 $-0.24 -1.08% 8.96% 10.05%
FFLS MKT $22.00 $-0.24 -1.08% 8.91% 10.00%
FFLS inception 6/20/2023; Expenses*: Maximum investor fee 1.24%; net/gross 1.75%/2.40%

Quarter-End Performance as of 03/31/2024

Quarter Year to date 1 year Since inception
FFLS NAV 11.24% 11.24% - 12.35%
FFLS MKT 11.24% 11.24% - 12.35%
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 04/19/2024

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 $2,200,801.59
Shares Outstanding 100,000
Net Mkt. Exposure 50.90%
Premium/Discount -0.01%
30-Day Median Bid/Ask-Spread 0.3127%

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 04/19/2024

Ticker Security Identifier Company name Shares Market value $ Market Value % ex-cash*
1 GOOGL 02079K305 ALPHABET INC-A 1,200 $184,908 10.60%
2 LLY 532457108 ELI LILLY & CO 155 $112,578 6.45%
3 CMG 169656105 CHIPOTLE MEXICAN 35 $100,418 5.75%
4 GTLS 16115Q308 CHART INDUSTRIES 650 $96,226 5.51%
5 HALO 40637H109 HALOZYME THERAPE 2,200 $85,008 4.87%
6 CRM 79466L302 SALESFORCE INC 300 $81,111 4.65%
7 ABNB 009066101 AIRBNB INC-A 510 $79,055 4.53%
8 NVDA 67066G104 NVIDIA CORP 100 $76,200 4.37%
9 UBER 90353T100 UBER TECHNOLOGIE 1,100 $76,120 4.36%
10 SCHW 808513105 SCHWAB (CHARLES) 1,000 $73,420 4.21%
11 GPRE 393222104 GREEN PLAINS INC 3,300 $73,359 4.20%
12 LPLA 50212V100 LPL FINANCIAL HO 250 $65,647 3.76%
13 KTOS 50077B207 KRATOS DEFENSE & 3,600 $64,872 3.72%
14 DASH 25809K105 DOORDASH INC-A 500 $63,590 3.64%
15 NFLX 64110L106 NETFLIX INC 110 $61,054 3.50%
16 LULU 550021109 LULULEMON ATH 170 $59,919 3.43%
17 CELH 15118V207 CELSIUS HOLDINGS 800 $55,072 3.16%
18 ONON H5919C104 ON HOLDING AG-A 1,600 $50,528 2.90%
19 FTI G87110105 TECHNIPFMC PLC 2,000 $50,440 2.89%
20 ZTS 98978V103 ZOETIS INC 320 $46,880 2.69%
21 GTLB 37637K108 GITLAB INC-CL A 900 $46,341 2.66%
22 EW 28176E108 EDWARDS LIFE 500 $42,970 2.46%
23 WOLF 977852102 WOLFSPEED INC 1,900 $42,142 2.41%
24 ASML N07059210 ASML HOLDING-NY 47 $40,398 2.31%
25 VRTX 92532F100 VERTEX PHARM 100 $39,428 2.26%
26 BIDU 056752108 BAIDU INC-SP ADR 400 $38,020 2.18%
27 CIEN 171779309 CIENA CORP 750 $32,670 1.87%
28 MU 595112103 MICRON TECH 301 $32,137 1.84%
29 PANW 697435105 PALO ALTO NETWOR 100 $27,771 1.59%
30 RIVN 76954A103 RIVIAN AUTOMOT-A 3,050 $26,321 1.51%
31 EXAS 30063P105 EXACT SCIENCES 400 $24,384 1.40%
32 PWR 74762E102 QUANTA SERVICES 100 $24,326 1.39%

Top Short Holdings as of 04/19/2024

Ticker Security Identifier Company name Shares Market value $ Market Value % ex-cash*
1 URI 911363109 UNITED RENTALS -160 $-100,534 -5.76%
2 TM 892331307 TOYOTA MOTOR-ADR -360 $-82,339 -4.72%
3 HRB 093671105 H&R BLOCK INC -1,600 $-74,944 -4.29%
4 FICO 303250104 FAIR ISAAC CORP -65 $-73,453 -4.21%
5 POOL 73278L105 POOL CORP -200 $-72,226 -4.14%
6 KMX 143130102 CARMAX INC -1,000 $-68,340 -3.92%
7 SWKS 83088M102 SKYWORKS SOLUTIO -600 $-57,666 -3.30%
8 DDOG 23804L103 DATADOG INC-A -450 $-54,040 -3.10%
9 BC 117043109 BRUNSWICK CORP -600 $-50,364 -2.89%
10 ROL 775711104 ROLLINS INC -1,150 $-48,886 -2.80%
11 NMRK 65158N102 NEWMARK GROUP-A -5,000 $-47,850 -2.74%
12 ISRG 46120E602 INTUITIVE SURGIC -130 $-47,624 -2.73%
13 FTNT 34959E109 FORTINET INC -750 $-47,550 -2.72%
14 FND 339750101 FLOOR & DECOR-A -400 $-43,240 -2.48%
15 CRL 159864107 CHARLES RIVER LA -190 $-43,088 -2.47%
16 COIN 19260Q107 COINBASE GLOBA-A -195 $-41,146 -2.36%
17 EBAY 278642103 EBAY INC -650 $-32,753 -1.88%
18 ROKU 77543R102 ROKU INC -500 $-28,450 -1.63%
19 CRWD 22788C105 CROWDSTRIKE HO-A -90 $-25,437 -1.46%
20 UA 904311206 UNDER ARMO-C -3,500 $-22,645 -1.30%
21 VRT 92537N108 VERTIV HOLDING-A -300 $-22,503 -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 04/19/2024

Long Exposure 113.07% Gross Exposure 175.24%
Short Exposure -62.17% Net Exposure 50.90%
**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 04/19/2024

2023 Q1 2024 Q2 2024
Days at premium 22 16 5
Days at zero premium/discount 32 17 3
Days at discount 81 28 7
 

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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