Tactical Income ETF

Fund Objective

The Fund seeks to provide total return.

Principal Investment Strategy

In pursuing the Fund’s investment objective, the Fund will invest in exchange-traded funds (“ETFs”) that primarily invest in fixed income securities, real estate investment trusts (“REITs”), master limited partnerships (“MLPs”), dividend paying equity stocks including utility stocks, and exchange-traded notes (“ETNs”). Fixed Income ETFs will include those that invest in domestic and foreign fixed income securities of any credit rating maturity and duration. Such fixed income securities will include high yield bonds (commonly known as “junk bonds”). The Fund considers high yield bonds to be those that are rated lower than Baa3 by Moody’s Investors Service or lower than BBB- by Standard & Poor’s rating group. High yield bonds have a higher expected rate of default than investment grade bonds.

Fund Management

Investment Advisor:  Belpointe Asset Management, LLC
Sub Advisor: Tuttle Tactical Management, LLC

Shareholder Fees

Maximum Sales Charge (Load) Imposed on Purchases None
Maximum Deferred Sales Charge (Load) None
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Other Distributions None
Redemption Fee None


Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

Management Fee .84%
Distribution and/or Service (12b-1) Fees 0.00%
Other Expenses .53%
Acquired Fund Fees and Expenses .79%
Total Annual Fund Operating Expenses 2.16%
Fee Waiver and/or Expense Reimbursement .07%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 2.23%

The fund advisor has contractually ageed to reduce its fees and/or absorb expenses of the fund, through at least June 30, 2020, to ensure that Total Annual Fund Operating Expenses After Fee Waiver and/or Reimbursement will not exceed 1.59%.

Tactical Income ETF - Holdings

EffectiveDateFundCusipEntityNameHoldingNameTickerMarketValue%MarketValueSharesQuantitySecurityIDSecuritySedolSecurityISINAssetGroupCouponRateMaturityDatePrincipal
08/07/202019423L854TACTICAL INCOME ETFCASH AND CASH EQUIVALENTS7.073459%2109344.262109344.26
08/07/202019423L854TACTICAL INCOME ETFDRX DLY 20+TMF5.800643%1729783.5037425.000025459W540B3W6M88US25459W5408Mutual Fund0.00000000037425.0000
08/07/202019423L854TACTICAL INCOME ETFFIRST TRUST VALUE LINE DIFVD0.990240%295295.149254.000033734H106B1L8WH0US33734H1068Mutual Fund0.0000000009254.0000
08/07/202019423L854TACTICAL INCOME ETFINVESCO S&P 500 LOW VOLATSPLV15.474965%4614719.6886192.000046138E354BZ033X7US46138E3541Mutual Fund0.00000000086192.0000
08/07/202019423L854TACTICAL INCOME ETFINVESCO DB US DOLLAR INDEUUP2.352279%701462.5227969.000046141D203BZ03TN9US46141D2036Mutual Fund0.00000000027969.0000
08/07/202019423L854TACTICAL INCOME ETFISHARES GOLD TRUSTIAU US5.213470%1554685.3878878.0000464285105B05ND15US4642851053Mutual Fund0.00000000078878.0000
08/07/202019423L854TACTICAL INCOME ETFISHARES TIPS BOND ETFTIP7.953608%2371809.4818748.00004642871762215352US4642871762Mutual Fund0.00000000018748.0000
08/07/202019423L854TACTICAL INCOME ETFISHARES 20+ YEAR TREASURYTLT3.529301%1052457.086154.00004642874322971546US4642874329Mutual Fund0.0000000006154.0000
08/07/202019423L854TACTICAL INCOME ETFISHARES 7-10YEARIEF1.983051%591356.644816.00004642874402971494US4642874402Mutual Fund0.0000000004816.0000
08/07/202019423L854TACTICAL INCOME ETFISHARES 10-20 YEAR TREASUTLH0.497559%148374.72864.0000464288653B1MYR61US4642886539Mutual Fund0.000000000864.0000
08/07/202019423L854TACTICAL INCOME ETFISHARES 3-7 YEAR TREASURYIEI1.979117%590183.704406.0000464288661B1MYR72US4642886612Mutual Fund0.0000000004406.0000
08/07/202019423L854TACTICAL INCOME ETFISHARES EDGE MSCI MIN ETFUSMV3.880818%1157281.2518125.000046429B697B74T2B6US46429B6974Mutual Fund0.00000000018125.0000
08/07/202019423L854TACTICAL INCOME ETFISHARES CORE DIVIDEND GRODGRO US0.969953%289245.467262.000046434V621BN90WP0US46434V6213Mutual Fund0.0000000007262.0000
08/07/202019423L854TACTICAL INCOME ETFPROSHARES ULTRAPRO SHORTSDOW US0.460181%137228.646973.000074347G309BKDLHG4US74347G3092Mutual Fund0.0000000006973.0000
08/07/202019423L854TACTICAL INCOME ETFPROSHARES ULTRAPRO SHORTSQQQ0.464489%138513.1225842.000074347G408BJX9R83US74347G4082Mutual Fund0.00000000025842.0000
08/07/202019423L854TACTICAL INCOME ETFPROSHARES ULTRAPRO DOW30UDOW2.283592%680979.789087.000074347X823B62LJ83US74347X8231Mutual Fund0.0000000009087.0000
08/07/202019423L854TACTICAL INCOME ETFPROSHARES ULTRAPRO QQQTQQQ3.786007%1129008.008600.000074347X831B6493J4US74347X8314Mutual Fund0.0000000008600.0000
08/07/202019423L854TACTICAL INCOME ETFPROSHARES ULTRAPRO S&P500UPRO1.897017%565701.0010100.000074347X864B61DFQ0US74347X8645Mutual Fund0.00000000010100.0000
08/07/202019423L854TACTICAL INCOME ETFSPDR S&P 500 ETF TRUSTSPY1.145805%341685.261022.000078462F1032840215US78462F1030Mutual Fund0.0000000001022.0000
08/07/202019423L854TACTICAL INCOME ETFSPDR GOLD SHARESGLD2.985669%890342.884592.000078463V107B046RT1US78463V1070Mutual Fund0.0000000004592.0000
08/07/202019423L854TACTICAL INCOME ETFSPDR S&P INTERNATIONAL DIDWX US1.136254%338837.109870.000078463X772B2PPXH1US78463X7729Mutual Fund0.0000000009870.0000
08/07/202019423L854TACTICAL INCOME ETFSPDR BLOOMBERG BARCLAYS CCWB2.035568%607017.539157.000078464A359B3Z44V6US78464A3591Mutual Fund0.0000000009157.0000
08/07/202019423L854TACTICAL INCOME ETFMATERIALS SELECT SECTOR SXLB0.594365%177243.002882.000081369Y1002436841US81369Y1001Mutual Fund0.0000000002882.0000
08/07/202019423L854TACTICAL INCOME ETFHEALTH CARE SELECT SECTORXLV1.485379%442948.324176.000081369Y2092371823US81369Y2090Mutual Fund0.0000000004176.0000
08/07/202019423L854TACTICAL INCOME ETFCONSUMER STAPLES ETFXLP7.029916%2096359.6233186.000081369Y3082369389US81369Y3080Mutual Fund0.00000000033186.0000
08/07/202019423L854TACTICAL INCOME ETFCONSUMER DISCRETION ETFXLY6.100714%1819266.4312979.000081369Y4072424341US81369Y4070Mutual Fund0.00000000012979.0000
08/07/202019423L854TACTICAL INCOME ETFTECHNOLOGY SELECT SECTORXLK0.576515%171919.941489.000081369Y8032369709US81369Y8030Mutual Fund0.0000000001489.0000
08/07/202019423L854TACTICAL INCOME ETFUTILITIES SELECT ETFXLU3.673962%1095595.6018139.000081369Y8862371812US81369Y8865Mutual Fund0.00000000018139.0000
08/07/202019423L854TACTICAL INCOME ETFVANECK VECTORS GOLD MINERGDX US0.445852%132955.383006.000092189F106BZ6C4J1US92189F1066Mutual Fund0.0000000003006.0000
08/07/202019423L854TACTICAL INCOME ETFVANECK VECTORS FALLEN ANGANGL2.848189%849345.7527675.000092189F437BZ6C532US92189F4375Mutual Fund0.00000000027675.0000
08/07/202019423L854TACTICAL INCOME ETFVANGUARD DIVID ETFVIG1.190314%354958.122827.0000921908844B13V1N6US9219088443Mutual Fund0.0000000002827.0000
08/07/202019423L854TACTICAL INCOME ETFVANGUARD INTERNATIONAL DIVIGI US1.146323%341839.684816.0000921946810BD97XF8US9219468108Mutual Fund0.0000000004816.0000
08/07/202019423L854TACTICAL INCOME ETFWISDOMTREE EMERGING MARKEDEM US1.015425%302805.367956.000097717W315B23C0J5US97717W3152Mutual Fund0.0000000007956.0000

Tactical Income ETF - NAV

GroupFundBasisClassClass NameFund NameTA #Net AssetsNet SharesCurrent NAVPrior NAVNAV ChangeNAV Change %CUSIP
NAV Change %CUSIPCollaborative2200N/A01ETFTactical Income ETF2200029,820,011.3701,225,000.0024.342924.22930.1136

Tactical Income ETF

TickerFund NameRateDateNAVClose PriceMean PricePremium Discount %Volume
TBNDTactical Income ETF8/6/202024.342924.300024.3400-0.17622