MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 6, 2024 From NYSE to NYSE? A $68MM-AUM Duo Shifts The folks at a $2-billion-AUM, quantitative fund firm in Southern California recently moved their ETFs to another exchange.
HYTR's inception date was January 21, 2020, and the fund comes with an expense ratio of 88 basis points (baking in a 267bps fee waiver). As of yesterday (Tuesday, November 5, 2024), HYTR had $25.25 million in AUM. CPAI's inception date was November 28, 2023, and the fund comes with an expense ratio of 75bps (baking in a 183bps fee waiver). As of yesterday, CPAI had $43.19 million in AUM. (Both fee waivers are promised through May 1, 2025.) CPAI is actively managed. Yet HYTR is passively managed, tracking the CP High Yield Trend Index. Counterpoint serves as index creator and sponsor, while Solactive, A.G. serves as index provider. Counterpoint serves as investment advisor to both ETFs. Their PM team, since inception, includes Joseph Engelberg, chief research officer of Counterpoint, and Michael Krause, co-founder. HYTR and CPAI are both series of Northern Lights Fund Trust III. The ETFs' other service providers include: Brown Brothers Harriman & Co. as custodian, dividend disbursing agent, securities lending agent, shareholder servicing agent, and transfer agent; RSM US LLP as independent accounting firm; Thompson Hine LLP as counsel; Ultimus Fund Solutions, LLC as administrator and fund accountant; and Ultimus' Northern Lights Distributors LLC as distributor. Printed from: MFWire.com/story.asp?s=68132 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
