THE ACQUIRERS FUND

Acquirers Funds, LLC is a deep-value investment firm managed by Tobias Carlisle.
Our investment process begins with The Acquirer’s Multiple® The Acquirer’s Multiple® is defined in the book The Acquirer's Multiple as Enterprise Value / Operating Earnings. , the measure used by activists and buyout firms to identify potential targets. We believe deeply undervalued and out-of-favor stocks offer asymmetric returns, with the potential for limited downside and a greater upside.

Acquirers Fund on Bloomberg

Tobias Carlisle Speaks to Scarlet Fu*

The Acquirers Fund [ZIG:NYSE]

The Acquirers Fund is a long/short U.S. equity ETF. The Fund tracks The Acquirer's Index, which comprises long and short stock portfolios from the U.S. large and mid-cap universe. The long portfolio is rebalanced quarterly to hold those stocks at the deepest discount to Acquirers' assessment of value, and the strongest fundamentals. The short portfolio is rebalanced quarterly to weight those stocks at the greatest premium to Acquirers' assessment of value, with the weakest fundamentals.

FUND DATA & PRICING
Net Assets as of 10/20/2020 $22m
NAV $22.56
Shares Outstanding 975,000
Premium/discount Percentage 0.34%
Closing Price $22.64
Median 30 Day Spread 0.27%

Data as of 10/20/2020

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.

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
 

PERFORMANCE Quarter end returns as of 09/30/2020
  AVG. ANNUALIZED
  Quarter 1 Year 3 Year Since Inception
Market Price 4.98% -11.02% xx.xx% -8.75%
Fund NAV 4.74% -11.19% X.XX% -8.97%
The Acquirers Index ** 6.80% -15.57% xx.xx% -11.53%

Expense ratio: 1.54

Market price is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share's portion of the fund's underlying assets and cash at the end of the trading day.

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 1-646-535-8629.

Short term performance, in particular, is not a good indication Of the fund's future performance, and an investment should not be made based solely on returns.

DISTRIBUTION DETAIL
EX- Date Record Date Payable Date Amount
       
TOP 10 HOLDINGS Download Full Holdings
Percentage Of Net Assets Name Identifier Shares Held Market Value
29.77% Cash & Other Cash&Other 6,509,496 6,509,495.91
4.11% EVERCORE INC EVR 10,903 898,080.11
3.72% UNITED THERAPEUTICS CORP DEL COM UTHR 6,846 813,647.10
3.72% BEST BUY INC BBY 6,852 813,263.88
3.71% MOLINA HEALTHCARE INC MOH 3,920 810,381.60
3.65% NETAPP INC NTAP 17,033 797,144.40
3.60% EBAY INC. EBAY 14,900 787,018.00
3.59% HUMANA INC HUM 1,797 785,702.31
3.58% SCHWAB CHARLES CORP SCHW 20,138 783,972.34
3.55% INTEL CORP INTC 14,501 775,803.50

Data as of 10/22/2020. Holdings are subject to change.

Contact Us

Questions? Fill out the phone below or give us a call.

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ACQUIRERS FUNDS, LLC.

609 Deep Valley Drive, Suite 200
Rolling Hills, CA, 90274


1-646-535-8629

tobias@acquirersfunds.com

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