Hull Tactical Team Announces 4-Star Morningstar Rating
NEW YORK, July 20, 2018 /PRNewswire/ -- The Hull Tactical team is proud to announce that it was awarded a 4-star Morningstar Rating in the Long-Short Equity category for its first publicly traded product – Hull Tactical US ETF (HTUS) (as of 6/30/18, rating overall against 189 funds, based on risk-adjusted returns). HTUS was launched on June 25, 2015 and this rating reflects its first three years of performance. Morningstar is an investment research firm widely regarded as an industry leader in providing independent analysis on exchange traded and mutual funds. The Morningstar Rating is based on the performance of a fund in its Morningstar Category and is a measure of a fund's risk-adjusted return, relative to similar funds. Funds receive a rating on a scale from 1 to 5 stars, with the best performers receiving 5 stars.
"We are delighted with this rating and see it as affirmation of the efforts put into building our systematic market-timing strategy. We are excited to continue our quest to identify and incorporate relevant indicators in a way that most benefits our investors," said Blair Hull, Founder and Chairman of Hull Tactical.
About the Hull Tactical US ETF (HTUS) Investment Strategy
HTUS is an actively managed exchange traded fund (ETF) driven by proprietary, quantitative trading models designed to provide consistent long-term capital appreciation from investments in the U.S. stock market, independent of market fluctuations. The strategy was created with the intention of anticipating market moves and, as a result, providing a superior risk-return profile compared to buy and hold over a market cycle. Hull Tactical uses an ensemble of statistical models that attempt to forecast future stock market returns over investment horizons ranging from one day to six months. At this time, about 30% of HTUS stock market exposure is determined by the fundamental six-month model, 25% by the fundamental one-month model and 45% by the short-term technical and sentiment models. These allocations could change in the future based on model performance.
©2018 HTAA, LLC ("Hull Tactical") is a registered investment adviser.
© 2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Exchange Traded Concepts, LLC serves as the investment adviser. HTAA, the investment sub-adviser, and Vident Investment Advisory LLC, the trading sub-adviser, serve as sub-advisers. The Funds are distributed by SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA 19456), which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.
Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained by visiting www.hulltacticalfunds.com. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. Investments in smaller companies typically exhibit higher volatility. The Fund will invest in (and short) exchange-traded funds (ETFs). The Fund will be subject to the risks associated with such vehicles. The Fund may also invest in leveraged and inverse ETFs. Inverse and leveraged ETFs are designed to achieve their objectives for a single day only. For periods longer than a single day, leveraged or inverse ETFs will lose money when the performance of the underlying index is flat over time, and it is possible that a leveraged or inverse ETF will lose money over time even if the level of the underlying index rises or, in the case of an inverse ETF, falls In addition, shareholders indirectly bear fees and expenses charged by the underlying ETFs, as well as the Fund's direct fees and expenses. The Fund may invest in derivatives, including futures contracts, which are often more volatile than other investments and may magnify the Fund's gains or losses. There is no assurance that the objectives of any strategy will be achieved or will be successful.
SOURCE Hull Tactical Funds
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