Our ETF

TUG

STF Management offers the STF Tactical Growth ETF (Ticker: TUG), a simple, rules-based approach to tactical asset allocation. TUG only seeks to understand what the market is doing, not why the market is doing what it’s doing. The strategy rotates between equity exposure through the Nasdaq-100 and fixed income using US Treasury bonds and bills based on proprietary signals.
Mosaic tile floor depicting ribbons and leaves.
Decorative graphic of an abstract circular shape.

About TUG

TUG seeks long term growth of capital

The TUG strategy employs a rules-based approach to asset allocation

First Tactical Unconstrained Growth (TUG) Model signals were used in 2014, with analysis that expands over decades

The TUG strategy seeks to remain invested in equities when the market is rising, and seeks to reduce equity exposure when markets are falling

The TUG model allows for the optionality to play both offense and defense regardless of market conditions

Fund Details (as of 04/01/2025)

The 30-Day SEC Yield is computed as of the most recent month end under an SEC standardized formula based on net income earned over the past 30 days.

The distribution yield is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV. The yield represents a single distribution from the fund and does not represent total return of the fund.

TUG Performance
as of 04/01/2025

Cumulative YTD 1M 3M 6M 1Y Since Inception
NAV -7.70 -7.26 -7.70 -3.28 1.79 10.37
Market Price -7.60 -6.97 -7.60 -3.05 2.08 10.40
S&P 500 Total Return Index -4.27 -5.63 -4.27 -1.97 8.25 15.05
60% S&P 500 /40% Bloomberg US Aggregate Blend -1.45 -3.37 -1.45 -1.24 7.02 9.86
Since inception returns as of 5/18/2022.
Total Expense Ratio for the Fund is 0.65%. The performance data quoted represents past performance and is no guarantee of future results. 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. Current performance may be lower or higher than the performance data quoted. Net Asset Value (NAV) is the dollar value of a single share based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated each business day. Market Price is the current price at which shares are bought and sold. Market returns are based upon the last trade price.

Premiums and Discounts
as of 04/01/2025
Since Inception* Q1 Q2 Q3 Q4
Days traded at premium 292 7 48 47 35
Days traded at discount 394 54 14 16 27
Days traded at net asset value 11 1 -- -- 1
*Data starts at Date of Inception, 5/18/2022

Top Ten Holdings
Name Ticker CUSIP % of Fund Shares Held
Apple Inc AAPL 037833100 9.16% 71703
Microsoft Corp MSFT 594918104 7.68% 35204
NVIDIA Corp NVDA 67066G104 7.08% 112401
Amazon.com Inc AMZN 023135106 5.51% 49238
Broadcom Inc AVGO 11135F101 3.24% 32998
Meta Platforms Inc META 30303M102 3.21% 9624
Costco Wholesale Corp COST 22160K105 2.96% 5380
Tesla Inc TSLA 88160R101 2.74% 16989
Netflix Inc NFLX 64110L106 2.73% 5115
Cash & Other Cash&Other Cash&Other 2.59% 4546922.23
Alphabet Inc GOOGL 02079K305 2.45% 27354
Alphabet Inc GOOG 02079K107 2.37% 26101
T-Mobile US Inc TMUS 872590104 2.19% 14526
Cisco Systems Inc CSCO 17275R102 1.74% 49788
Linde PLC LIN G54950103 1.59% 5923
PepsiCo Inc PEP 713448108 1.45% 17075
Palantir Technologies Inc PLTR 69608A108 1.31% 26169
Intuitive Surgical Inc ISRG 46120E602 1.25% 4305
Intuit Inc INTU 461202103 1.22% 3453
QUALCOMM Inc QCOM 747525103 1.20% 13664
Texas Instruments Inc TXN 882508104 1.17% 11504
Advanced Micro Devices Inc AMD 007903107 1.16% 19825
Amgen Inc AMGN 031162100 1.14% 6542
Booking Holdings Inc BKNG 09857L108 1.12% 420
Comcast Corp CMCSA 20030N101 1.00% 47992
Honeywell International Inc HON 438516106 0.99% 7999
Gilead Sciences Inc GILD 375558103 0.98% 15362
Vertex Pharmaceuticals Inc VRTX 92532F100 0.91% 3290
Automatic Data Processing Inc ADP 053015103 0.88% 5009
Applied Materials Inc AMAT 038222105 0.86% 10250
Palo Alto Networks Inc PANW 697435105 0.78% 7925
MercadoLibre Inc MELI 58733R102 0.70% 632
Analog Devices Inc ADI 032654105 0.69% 6080
Micron Technology Inc MU 595112103 0.69% 13570
Lam Research Corp LRCX 512807306 0.67% 16014
KLA CORP KLAC 482480100 0.65% 1663
Adobe Inc ADBE 00724F101 0.64% 2907
Mondelez International Inc MDLZ 609207105 0.62% 16422
Crowdstrike Holdings Inc CRWD 22788C105 0.59% 2780
Cintas Corp CTAS 172908105 0.59% 4944
O'Reilly Automotive Inc ORLY 67103H107 0.58% 722
AppLovin Corp APP 03831W108 0.56% 3392
Fortinet Inc FTNT 34959E109 0.53% 9499
Cadence Design Systems Inc CDNS 127387108 0.50% 3317
DoorDash Inc DASH 25809K105 0.50% 4636
Marriott International Inc/MD MAR 571903202 0.48% 3476
PayPal Holdings Inc PYPL 70450Y103 0.48% 12638
Constellation Energy Corp CEG 21037T109 0.47% 3836
Synopsys Inc SNPS 871607107 0.46% 1848
Roper Technologies Inc ROP 776696106 0.45% 1322
ASML Holding NV ASML N07059210 0.44% 1163
Starbucks Corp SBUX 855244109 0.44% 7787
MicroStrategy Inc MSTR 594972408 0.42% 2355
CSX Corp CSX 126408103 0.41% 23964
Autodesk Inc ADSK 052769106 0.40% 2639
American Electric Power Co Inc AEP 025537101 0.40% 6512
Monster Beverage Corp MNST 61174X109 0.40% 11947
Copart Inc CPRT 217204106 0.39% 11819
Intel Corp INTC 458140100 0.39% 31223
Paychex Inc PAYX 704326107 0.39% 4457
Airbnb Inc ABNB 009066101 0.38% 5449
Charter Communications Inc CHTR 16119P108 0.38% 1741
MARVELL TECHNOLOGY INC MRVL 573874104 0.38% 10583
PACCAR Inc PCAR 693718108 0.37% 6510
NXP Semiconductors NV NXPI N6596X109 0.35% 3130
Workday Inc WDAY 98138H101 0.35% 2616
Diamondback Energy Inc FANG 25278X109 0.34% 3658
Keurig Dr Pepper Inc KDP 49271V100 0.33% 16415
Exelon Corp EXC 30161N101 0.32% 12350
Baker Hughes Co BKR 05722G100 0.31% 12142
Fastenal Co FAST 311900104 0.31% 7054
PDD Holdings Inc PDD 722304102 0.31% 4594
Ross Stores Inc ROST 778296103 0.31% 4147
Axon Enterprise Inc AXON 05464C101 0.30% 949
AstraZeneca PLC AZN 046353108 0.29% 7088
Verisk Analytics Inc VRSK 92345Y106 0.29% 1719
Coca-Cola Europacific Partners PLC CCEP G25839104 0.28% 5586
Xcel Energy Inc XEL 98389B100 0.28% 6886
Cognizant Technology Solutions Corp CTSH 192446102 0.27% 6115
Regeneron Pharmaceuticals Inc REGN 75886F107 0.27% 748
Electronic Arts Inc EA 285512109 0.26% 3196
Kraft Heinz Co/The KHC 500754106 0.26% 15070
Old Dominion Freight Line Inc ODFL 679580100 0.26% 2655
Take-Two Interactive Software Inc TTWO 874054109 0.26% 2124
GE HealthCare Technologies Inc GEHC 36266G107 0.25% 5568
IDEXX Laboratories Inc IDXX 45168D104 0.25% 1019
Lululemon Athletica Inc LULU 550021109 0.24% 1477
Atlassian Corp TEAM 049468101 0.24% 1903
CoStar Group Inc CSGP 22160N109 0.23% 5113
Zscaler Inc ZS 98980G102 0.22% 1840
Datadog Inc DDOG 23804L103 0.21% 3639
ANSYS Inc ANSS 03662Q105 0.19% 1057
Warner Bros Discovery Inc WBD 934423104 0.18% 29841
Trade Desk Inc/The TTD 88339J105 0.17% 5353
CDW Corp/DE CDW 12514G108 0.16% 1681
Dexcom Inc DXCM 252131107 0.11% 2741
Microchip Technology Inc MCHP 595017104 0.10% 3567
ARM Holdings PLC ARM 042068205 0.09% 1484
Biogen Inc BIIB 09062X103 0.08% 1041
GLOBALFOUNDRIES Inc GFS G39387108 0.07% 3453
ON Semiconductor Corp ON 682189105 0.06% 2647
MongoDB Inc MDB 60937P106 0.05% 483

Data as of 04/03/2025.

Show More
Yield Details(as of 04/01/2025)
30-day SEC Yield 0.15%
Distribution Yield 0.15%

Distribution
Ex/EFF Date Type Cash Amount Declaration Date Record Date Payment Date
6/22/22 CASH $0.00980545 6/24/22 6/23/22 6/24/22
9/21/22 CASH $0.093 9/23/22 9/22/22 9/23/22
12/21/22 CASH $0.14289357 12/23/22 12/22/22 12/23/22
3/22/23 CASH $0.09709681 3/24/23 3/23/23 3/24/23
6/21/23 CASH $0.03835616 6/23/23 6/22/23 6/23/23
9/20/23 CASH $0.11592246 9/22/23 9/21/23 9/22/23
12/20/23 CASH $0.04077915 12/22/23 12/21/23 12/22/23
3/20/24 CASH $0.01609558 3/22/24 3/21/24 3/22/24
6/27/24 CASH $0.01786712 6/28/24 6/27/24 6/28/24
09/26/2024 CASH $0.026102670 09/27/2024 09/26/2024 09/27/2024
Ex. Date CASH $Fund Total Reinvest Date Record Date Payable Date
12/26/2024 CASH $1.604782110 12/27/2024 12/26/2024 12/27/2024
Ex. Date CASH $Fund Total Reinvest Date Record Date Payable Date
03/26/2025 CASH $0.011420000 03/27/2025 03/26/2025 03/27/2025

Important Information

Because the Fund is an ETF (rather than a mutual fund), shares are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemable. Owners of shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Unit aggregations only. Brokerage commissions will reduce returns.

Cash Redemption Risk. The Fund’s investment strategy may, at times, require it to redeem shares for cash or to otherwise include cash as part of its redemption proceeds. In that case, the Fund may be required to sell or unwind portfolio investments to obtain the cash needed, which may cause the Fund to recognize a capital gain that it might not have recognized if it had made a redemption in kind. Derivatives (Options) Risk. The Fund invests in options that derive their performance from that of the Nasdaq-100 Index. Derivatives may be more sensitive to changes in market conditions and may amplify risks. Selling and buying options are speculative activities and entail greater than ordinary investment risks. Fixed income Risk. Fixed income investments are subject to changes in governmental policy and market conditions, which may cause such investments to be subject to significant volatility and reduced liquidity, depending on the environment. Fixed Income – Call Risk. During periods of falling interest rates, an issue of a callable bond held by the Fund may call or repay the security before maturity, causing the Fund to reinvest proceeds at a lower interest rate. Fixed Income – Credit Risk. Debt issuers and other counterparties may not honor their obligations or have their debt downgraded by ratings agencies. Fixed Income – Extension Risk. During periods of rising interest rates, certain debt obligations will be paid off more slowly than anticipated, causing the value of those securities to fall. This may result in a decline in the Fund’s income and potential the value of the Fund’s investments. Fixed Income – Interest Rate Risk. Rising interest rates may cause the value of fixed-income securities held by the Fund to decline. Large-Capitalization Investing Risk. The securities or large capitalization companies may be relatively mature compared to smaller companies and therefor subject to slower growth during times of economic expansion. Management Risk. The Fund is actively managed and may not meet its investment objective based on the Adviser’s success or failure in implementing the Fund’s strategy. Models and Data Risk. When models and data prove to be incorrect or incomplete, decisions made based on them can expose the Fund to potential risks. Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in securities of a single issuer or fewer issuers than a diversified fund, which may expose the Fund to the risks associated with the developments affecting the issuers in which the Fund invests. Other Investment Company Risk. By investing in another investment company, including ETFs, the Fund becomes a shareholder of that investment company and bears its proportionate share of the fees and expenses of that investment company. In addition, the Fund is also subject to the principal risks of the investment companies in which it invests U.S. Treasury Obligations Risk. Changes to the financial condition or credit rating of the U.S. government may cause the value of the Fund’s U.S. Treasury obligations to decline.

The Nasdaq 100 Index is a basket of the 100 largest, most actively traded U.S companies listed on the Nasdaq stock exchange. The index includes companies from various industries except for the financial industry, like commercial and investment banks. These non-financial sectors include retail, biotechnology, industrial, technology, health care, and others. Indexes cannot be invested in directly.

STF Management, LP serves as the Fund’s investment adviser.

The Fund is distributed by Foreside Fund Services, LLC. For more information, please call 1-866-590-9112.

    We’re always eager to talk with you.
    Get started today.

    If you have questions or comments about the products or services of STF Management please let us know by completing the form below.  Additionally, if you would like to receive regular updates and market commentary please complete the form below.

    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, visit our website at www.stfm.com. Read the prospectus or summary prospectus carefully before investing.

    Investing in ETFs involves risk and there is no guarantee of principal. The Fund is distributed by Foreside Fund Services, LLC.

    © 2023 STF Management LP. All rights reserved.

    All investments involve risk, including the possible loss of capital. The products and services of STF Management LP are not available in all jurisdictions or regions where such provision would be contrary to local laws or regulations.