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Focus On Achieving Actual Returns

  • Unlock the hidden potential of your portfolio with the DGA Absolute Return ETF.
  • Access a strategy once reserved for private wealth management and institutional investors.
  • Benefit from our heritage of performance we achieve through active management using timeless hedge fund techniques.
  • Experience our generational wealth-building and preservation in a liquid, transparent, and tax-efficient ETF.
  • Trading now on the NYSE under the ticker symbol HF.

The Philosophy

“Like Chess, we believe investing is a mathematical exercise that requires a strategic approach.

Success requires a deep understanding of the numbers and a clear evaluation of positions.

The winners execute calculated moves and adapt their strategy to changing circumstances with precision and confidence.”

-Christopher J. Day, Managing Director at Doliver Advisors

The Strategy

The Problem

Conventional Approach
  • The conventional approach to investing in a portfolio of stocks and bonds is commonly referred to as asset-class investing.
Passive Portfolio Vulnerability
  • The traditional 60/40 portfolio asset allocation model is mathematically flawed. 
  • Stocks and bonds often see correlated price movements during periods of high global volatility.
  • Positioning a portfolio overly passive can lead to poor performance during market downturns.
Prolonged Drawdowns
  • Passively constructed portfolios are mathematically inefficient for generating long-term, risk-adjusted returns.
  • Prolonged drawdowns from passive portfolios may result in severe underperformance and repeated breakeven portfolios.

The Solution

Absolute Return
  • The absolute return approach is designed to manage actively ongoing investment risk by diversifying, hedging, and adapting the portfolio to limit the downside while participating in long-term market gains.
Wealth Management Strategy
  • A strategy adapted from global macro hedge funds and designed for core portfolio allocations.
  • Focused on compounding consistent long-term profits while minimizing volatility and portfolio risk.
  • Committed to generational wealth preservation and appreciation.
HF:NYSE
  • The DGA Absolute Return ETF skillfully applies an active absolute return approach to offer a sophisticated wealth management solution accessible to all investors.

Execution

The Power of Replacing Your Portfolio with the DGA Absolute Return ETF

The above chart shows the historical market performance of the fund from its inception date of November 2018. The DGA Absolute Return ETF historical performance is compared to the historical performance of a traditional 60/40 portfolio allocation represented through the S&P Target Risk Moderate Index. The S&P Target Risk Moderate Index is designed to measure the performance of moderate 60/40 stock-bond allocations. For more information on performance, please consult the prospectus on the Fund Details page.

The performance data quoted above 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 sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above.

The Fund intends to commence investment operations in [2023] after the conversion of several separately managed accounts, the [ ] accounts (collectively, the “Predecessor Account”), into shares of the Fund. The Predecessor Account commenced operations on November 26, 2018. The Fund’s objectives, policies, guidelines and restrictions are, in all material respects, equivalent to those of the Predecessor Account. Please see the prospectus for more details.

Benefits

1. Hedge fund adapted macro strategy 

2. History of navigating global market volatility

3. Reduction of concentrated risks through broad portfolio diversification

4. Returns uncorrelated to the market

5. Tax Efficiency

6. Wealth Preservation

7. Estate planning vehicle

8. Liquidity

Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please visit our website at www.daysadvisors.com. Read the prospectus or summary prospectus carefully before investing.

Investment Objective: The DGA Absolute Return ETF seeks long-term capital appreciation as a primary objective, with capital preservation as a secondary objective.

Investments involve risk. Principal loss is possible. New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decision. Shares May Trade at Prices Other Than NAV. As with all ETFs, Shares may be bought and sold in the secondary market at market prices. Although it is expected that the market price of Shares will approximate the Fund’s NAV, there may be times when the market price of Shares is more than the NAV intra-day (premium) or less than the NAV intra-day (discount) due to supply and demand of Shares or during periods of market volatility. Cybersecurity Risk. With the increased use of technologies such as the Internet to conduct business, the Fund is susceptible to operational, information security, and related risks. Equity Market Risk. The equity securities in which the Fund invests may experience sudden, unpredictable drops in value or long periods of decline in value. Political Criteria Risk. Because the Sub-Adviser evaluates the political activity of the companies in the Fund’s investment universe as part of its portfolio management process, it may forego some market opportunities available to other funds that do not consider political factors.

Tidal Financial Group (Tidal) serves as the Investment Adviser for the Fund.

Days Global Advisors (DGA) serves as the Sub-Adviser to the Fund.

The Fund is distributed by Foreside Fund Services, LLC. Foreside, Tidal, and DGA are not related.

*Access a strategy once reserved for private wealth management and institutional investors. This statement refers to the availability of a financial strategy that was previously only accessible to high net worth individuals and institutional investors. The strategy may now be available to a broader range of investors. Still, it is important to note that past performance is not indicative of future results, and any investment decisions should be made after careful consideration of one’s individual financial circumstances and objectives.

Underlying ETFs Risks. The Fund will incur higher and duplicative expenses because it invests in Underlying ETFs. There is also the risk that the Fund may suffer losses due to the investment practices of the Underlying ETFs. The Fund will be subject to substantially the same risks as those associated with the direct ownership of securities held by the Underlying ETFs.  In addition, the Underlying ETFs held by the Fund may utilize leverage (i.e., borrowing) to acquire their underlying portfolio investments. The use of leverage may exaggerate changes in an Underlying ETF’s share price and the return on its investments. Accordingly, the value of the Fund’s investments in Underlying ETFs may be more volatile and all other risks, including the risk of loss of an investment, tend to be compounded or magnified.

Models and Data Risk. The composition of the Fund’s portfolio is heavily dependent on proprietary investment models as well as information and data supplied by third parties (“Models and Data”). When Models and Data prove to be incorrect or incomplete, any decisions made in reliance thereon may lead to the inclusion or exclusion of securities from the Fund’s portfolio that would have been excluded or included had the Models and Data been correct and complete.

Commodity ETF Risk. Commodity ETFs are generally not registered as investment companies for purposes of U.S. federal securities laws, and are not subject to regulation by the SEC as investment companies, although some commodity ETFs may be registered investment companies. Consequently, the owners of a non-investment company commodity ETF do not have the regulatory protections provided to investors in investment companies.

Fixed Income Securities Risk. The Fund may invest in Underlying ETFs that invest in fixed income securities. The prices of fixed income securities may be affected by changes in interest rates, the creditworthiness and financial strength of the issuer and other factors. The increase in prevailing interest rates typically causes the value of existing fixed income securities to fall and often has a greater impact in longer-duration and/or higher quality fixed income securities. 

Foreign Securities Risk. Foreign securities held by Underlying ETFs in which the Fund invests involve certain risks not involved in domestic investments and may experience more rapid and extreme changes in value than investments in securities of U.S. companies.