ETF Fund Data

FUND NAME:

American Conservative Values ETF

TICKER:

ACVF

LAUNCH DATE:

10/29/2020

MANAGEMENT STYLE:

Active

CUSIP:

26923N108

TOTAL GROSS EXPENSE RATIO:

0.75

ASSET CLASS:

Equity

EXCHANGE:

NYSE Arca, Inc.

ADVISOR:

Ridgeline Research, LLC

IPOV TICKER SYMBOL*:

ACVF.IV

AS OF DATE:

7/29/2025

NAV ($)**

48.18

MARKET PRICE ($)***

48.17

PREMIUM / DISCOUNT (%)

-0.02%

30 DAY MEDIAN BID/ASK SPREAD****

0.13%

SHARES OUTSTANDING

2,750,000

TOTAL NET ASSETS

$132,485,650

NUMBER OF HOLDINGS

373

*IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.
**“Net asset value” or “NAV” is determined by adding up the value of all the assets in the fund, including assets and cash, subtracting any liabilities, and then dividing that value by the number of outstanding shares in the ETF.
***Market Price is defined as the official closing price of the ETF share.
****30-Day Median Bid/Ask Percentage Spread Calculation: Based on Rule 6c-11(c)(1)(v), to calculate the median bid-ask spread the fund, (i) identifies the ETF’s NBBO as of the end of each 10-second interval during each trading day of the last 30 calendar days; (ii) divides the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identify the median of those values.

PREMIUM/DISCOUNT

*Premium – The number of trading days the ETF’s closing price exceeds its NAV.
**Discount – The number of trading days the ETF’s closing price is below its NAV.

PERFORMANCE

(as of June 30, 2025)

(1) Since Inception Returns are annualized and calculated using 10/28/20 NAV and Index Values. *Performance returns for periods greater than one year are annualized. 

Performance is shown net of fees. The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (888) 909-6030.

GROWTH of $10K vs comparable ETFS (2)

(as of June 30, 2025)

(2) Indexes are un-investable, due to the absence of fees. This comparison uses two widely used large-cap blend ETFs which track the benchmarks used in the performance table. The SPDR® S&P 500® ETF Trust (Ticker: SPY) seeks to provide investment results that correspond generally to the price and yield performance of the S&P 500® Index [SPY Standardized Performance ]. The iShares Russell 1000 ETF (Ticker: IWB) seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities. [IWB Standardized Performance]. ACVF is an actively managed ETF while SPY & IWB are passively managed index ETFs.

Portfolio Holdings

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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 and summary prospectus, which may be obtained by visiting ACVETFS.com. Read the prospectus and summary prospectus carefully before investing.

An investment in the Fund is subject to risks, including the possible loss of the principal amount invested. Overall stock market risks may affect the value of individual securities in which the Fund invests. The Fund is actively managed, and the adviser’s investment decisions impact the Fund’s performance. The Fund and adviser are new, and the ETF has only recently commenced operations. This Fund may not be suitable for all investors.

The equity securities in which the Fund invests will generally be those of companies with large market capitalizations. Exchange-Traded Funds (ETFs) trade like stocks, are subject to investment risk, and will fluctuate in market value. Transactions in shares of ETFs will result in brokerage commissions, which will reduce returns. Unlike typical exchange-traded funds, there are no indexes that the Fund attempts to track or replicate. Thus, the ability of the Fund to achieve its objectives will depend on the effectiveness of the portfolio manager. There is no assurance that the investment process will consistently lead to successful investing. The Fund is new and has a limited operating history.

The ACVF Fund is distributed by Foreside Fund Services, LLC.

The Fund is structured as an ETF and as a result, is subject to special risks. Shares are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 p.m. Eastern Time (when NAV is normally determined) and do not represent the return you would receive if you traded at other times.

© 2025 ACV ETFs