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ETF

Who we are:

Highland Capital Management is dedicated to the practice of investment management. Highland Capital is a wholly owned subsidiary of Argent Trust Company based in Ruston, Louisiana which has approximately $165 billion of assets under management.  Highland has offices in Tennessee, Florida, and Alabama including our headquarters in Memphis, Tennessee. The company manages fixed income and equity portfolios and currently has approximately $4 billion in assets under management.

Investment Objective of the Highland Capital Large Cap Growth Fund:

The Highland Capital Large Cap Growth ETF (the “Fund”) seeks long term capital appreciation.

The Fund Strategy and Investment Process:

The Fund is constructed utilizing a quantitative analysis of the equity markets in order to identify attractive securities and sectors within which to invest. The firm’s investment process is driven by an internal multi-factor model, which compiles fundamental and technical data on a universe of stocks comprised of the Russell 1000 Growth Index. This data is gathered and analyzed on a weekly basis and is utilized to rank individual securities and broad market sectors according to relative attractiveness. Securities considered for purchase into portfolios must rank within the top quartile of the investment universe. The quantitative modeling process screens broad market sectors and individual securities according to several factors, including but not limited to:

  • Relative Valuation
  • Earnings Momentum
  • Earnings Growth
  • Analyst Revisions
  • Volatility
  • Positive/Negative Surprises
  • Overall Technical Strength
  • Price-to-Earnings (P/E)
  • Price-to-Book (P/B)
  • Price-to-Sales (P/S)
  • Price/Earnings to Growth (PEG) ratio
  • Enterprise Value/EBITDA
  • Dividend yield
  • Relative Strength Index (RSI) factors

Each security within the Russell 1000 Growth Index is scored and ranked to reflect the attractiveness of its valuation and other relevant metrics.

The Fund identifies sectors that contain the highest concentration of top-ranked individual equities. These sectors are then overweighted in the Fund’s portfolio to enhance exposure to areas with favorable valuation dynamics.

Within each sector, the Fund focuses on individual securities that fall within the top quartile of the model’s rankings. Only those stocks with the strongest overall scores are selected for inclusion in the portfolio. This rigorous screening process is designed to minimize emotional or behavioral biases and to maintain consistency in decision-making.

Fund Details: 

Static Info-Inception Date, Management Style, CUSIP, Expense Ratio, Asset Class, Exchange, Advisor

NAV, Market Price, Premium/Discount, Total Assets

 

Fund Performance: 

Rolling Performance: 1mth, 3mth, YTD

Since Inception:

Historical: (placeholders X)  3mo, YTD, 1 Yr, 3 Yr, 5 yr  Since Inception

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. For the most recent month-end performance, please call xxx-xxx-xxxx or visit the Fund’s website at www.abcfunds.com.

Performance quoted for periods of less than one year is cumulative.

Shares of the ETF may be bought or sold throughout the day at their market price on the exchange on which they are listed. The market price of an ETF’s shares may be at, above or below the ETF’s net asset value (“NAV”) and will fluctuate with changes in the NAV as well as supply and demand in the market for the shares. Shares of the ETF may only be redeemed directly with the ETF at NAV by Authorized Participants, in very large creation units. There can be no guarantee that an active trading market for the Fund’s shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling the Fund’s shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.

Holdings: – (Will contain dynamic link fed by USB download)

Holdings are subject to change.

Disclosures:

Before investing, carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus and a summary prospectus, copies of which may be obtained by calling 1-888-988-7649. Read the prospectus carefully before you invest.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Important Fund Risks: 

Market Risk: Equity securities may decline due to broad market moves or issuer-specific events; prices can be volatile over short and long periods. Large-Capitalization Risk: Large-cap companies can be less nimble than smaller peers and may lag in certain market environments. Growth Style Risk (Fund-specific): Growth stocks often trade at premium valuations and can experience larger drawdowns, especially in adverse markets. Model & Investment Selection Risk: The Fund uses a systematic, multi-factor model to rank securities; models have limitations and may not perform as expected. Security selection and sector tilts based on model rankings can underperform. Sector Concentration / Non-Diversification: Overweights to higher-ranked sectors and the Fund’s non-diversified status can increase volatility and sensitivity to sector-specific developments. New Fund Risk: Limited operating history; there is no guarantee the Fund will achieve its investment objective. Model / Quantitative Risk & Risks of Investment Selection: The Adviser’s proprietary model screens the Russell 1000 Growth universe; inputs, factor behavior, or implementation frictions can lead to results differing from expectations or the broader market. Security selection errors may occur. ETF Structure Risk: Shares trade on an exchange and may be subject to price fluctuations that differ from NAV. Trading costs may reduce returns.

The Fund is distributed by Foreside Fund Services LLC.

Index Definition – Russell 1000 Growth:

The Russell 1000 Growth Index measures the performance of the large cap growth segment of the US equity universe. It includes those Russell 1000 companies with relatively higher price-to-book ratios, higher I/B/E/S forecast medium term (2 year) growth and higher sales per share historical growth (5 years). The Russell 1000 Growth Index is constructed to provide a comprehensive and unbiased barometer for the large-cap growth segment. The index is completely reconstituted annually to ensure new and growing equities are included and that the represented companies continue to reflect growth characteristics. The Index is not directly investable.

Glossary of Terms:

Relative Value – estimate of value of an asset by comparing to assets of similar characteristics

Earnings Momentum – the trend of a company’s earnings performance

Earnings Growth – growth in a company’s quarterly or annual earnings per share

Analyst Revisions – change in Wall Street analyst expectations for a company’s earnings per share on a quarterly/annual basis

Volatility – the degree and speed of an asset’s price change over time

Positive/Negative Surprise – positive (negative) company result on a quarterly/annual basis vs Wall Street analyst expectations

Technical Strength – refers to a stock’s price momentum, upward (downward) chart trend, volume versus overall market, and can contain additional measurements

Price-to-Earnings (P/E) – fundamental valuation metric that measures a company’s share price to its earnings per share

Price-to-Book (P/B) – fundamental valuation metric that measures a company’s share price to its book value per share

Price-to-Sales (P/S) – fundamental valuation metric that measures a company’s share price to its sales per share

Price/Earnings to Growth (PEG) ratio – fundamental valuation metric that measures a company’s share price to its price earnings ratio divided by the growth in the company’s earnings.

Enterprise Value – measure of a company’s worth. Formula is Market Capitalization + Debt – Cash.

EBITDA – stands for Earnings Before Interest Taxes Depreciation and Amortization

Dividend yield – equals a company’s annual dividend divided by current stock price

Relative Strength Index (RSI) factors – technical measure that is a momentum indicator that measures speed and magnitude of a security’s price change