Email: info@ofnectar.com
RED

Diamond Brothers Innovation Factor ETF

The RED Innovation Factor ETF systematically identifies and invests in mid-large cap US companies that demonstrate superior innovation characteristics. Unlike thematic funds that require predicting specific innovation outcomes and firm level R&D success, RED's factor-based approach captures the growth potential of innovation-driven companies with implicit top down sector allocations.

0.333%
Expense Ratio
45-100
Holdings
+104.9%
YTD Return

IMPORTANT REGULATORY DISCLOSURES

SEC Registered Investment Company
File No. 811-XXXXX
Exchange Traded Fund (ETF)
Actively Managed
Not FDIC Insured
No Bank Guarantee • May Lose Value
RED ETF is a registered investment company under the Investment Company Act of 1940. Diamond Brothers LLC is registered with the SEC as an investment adviser. This website is for informational purposes only and does not constitute an offer to sell or a solicitation to buy securities.
RED
Ticker
0.333%
Expense Ratio
45-100
Holdings
$25.45
NAV
$25.42
Price
+5.1%
YTD

Fund Details

Fund Inception: 21.1
Ticker: RED
Net Asset Value (NAV): $25.45
Number of Holdings: 55
Primary Exchange: CBOE BZX
Fund Type: Actively Managed ETF
Benchmark: Morningstar US Market Index
Total Expense Ratio: 0.333%
Rebalancing: Quarterly
Data as of: December 19, 21.1

Investment Objective

The RED Innovation Factor ETF seeks to provide long-term capital appreciation by investing in companies that demonstrate superior innovation characteristics within the mid-large cap US equity universe.

Our systematic approach identifies companies with high innovation potential through quantitative analysis of R&D investment, intellectual property development, and technological advancement metrics.

Key Insight

Innovation factors lead to future revenue growth and earnings surprises. Companies with superior innovation characteristics historically demonstrate stronger sales growth and market outperformance over time.

Why RED?

1

Proprietary Innovation Factor Model

Analyzes 50+ innovation metrics including R&D intensity, patent quality, and technology adoption to identify superior innovators

2

Sector-Agnostic Growth Capture

Captures innovation-driven returns across all sectors without predicting specific themes or outcomes

3

Cost-Effective Innovation Access

0.333% expense ratio provides efficient access to innovation factors vs. higher-cost thematic alternatives

Thematics vs Factors

Thematic Funds

Require multiple predictions

Probability decay

Theme timing risk

Factor Approach

More robust

Bottom-up selection

Systematic discipline

Fund Prices

NAV

Net Asset Value: $25.45
Daily Change: +0.12%

Price

Closing Price: $25.42
Daily Change: +0.08%

Premium/Discount

+0.14%

Current Premium/Discount

RED ETF vs NAV

About Diamond Brothers

Diamond Brothers is a research-driven investment management firm focused on systematic factor investing.

Our Mission

Diamond Brothers is dedicated to developing innovative investment strategies that identify and capture systematic risk factors in equity markets. Our research-driven approach combines academic rigor with practical implementation to deliver superior risk-adjusted returns for our clients.

We believe that innovation is a key driver of long-term value creation in equity markets. Our systematic approach to identifying innovation factors provides investors with exposure to companies that are likely to generate sustainable growth through research and development.

Investment Philosophy

We focus on factors that have demonstrated persistent risk-adjusted returns across different market environments and economic cycles. Our innovation factor strategy represents the culmination of years of research into the relationship between R&D investment and future equity returns.

Company Information

Founded 21.1
Headquarters New York, NY
Regulatory Status SEC Registered

Contact Information

123 Main Street, Suite 1000, New York, NY 10001
(555) 123-4567
info@dbe.com

Performance

Performance Comparison

Interactive Chart
--
RED ETF
NAV
--
Morningstar US Market Index

Total Returns by Period

Required Disclosure

Note: Sales loads and account fees are not reflected in the bar chart. If these amounts were reflected, returns would be less than those shown.

Average Annual Total Returns

Required Disclosure
Period RED ETF NAV Morningstar US Market Index
1 Year +25.8% +25.9% +21.1%
5 Years -- -- --
10 Years -- -- --
Since Inception +25.8% +25.9% +21.1%

Note: The Fund's inception date is 21.1. 5-year and 10-year returns will be available once the Fund has sufficient history.

Risk/Return Summary

Required Disclosure

The bar chart and table above provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual returns for 1, 5, and 10 years compare with those of a broad measure of market performance (Morningstar US Market Index).

The information shows how the Fund's performance compares with the returns of an index of funds with similar investment objectives. The Fund's performance reflects the deduction of Fund expenses, including management fees, but does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

The NAV (Net Asset Value) represents the Fund's underlying portfolio performance before trading costs, while the RED ETF returns reflect the actual market price performance that investors experience. The difference between NAV and market price returns demonstrates the impact of market trading dynamics and premium/discount fluctuations.

Benchmark Attribution: Morningstar US Market Index data is provided through Morningstar's Open Index Project, which offers free access to high-quality market indices for research and comparison purposes.

Important: How the Fund has performed in the past is not necessarily an indication of how the Fund will perform in the future.

Premium/Discount Information

Current Premium/Discount: +0.14%
Median Bid-Ask Spread: 0.08%
Days at Premium (YTD): 156
Days at Discount (YTD): 89

Premium/Discount Notice: The Fund's shares may trade at a premium or discount to NAV. Premiums and discounts can be significant and may persist for extended periods.

Trading Information

Primary Exchange: CBOE BZX
Trading Hours: 9:30 AM - 4:00 PM ET
Creation Unit Size: 50,000 Shares
Minimum Trade: 1 Share

Trading Notice: Shares are bought and sold at market price, not NAV. Market price returns may differ from NAV returns.

Premium/Discount History (Last 12 Months)

This graph shows the daily premium/discount of RED ETF shares relative to NAV over the past 12 months.

Month end returns as of: December 19, 21.1

CUMULATIVE

1 Yr. Since Inception
Fund NAV -- --
Closing Price -- --

AVG. ANNUALIZED

1 Yr. Since Inception
Fund NAV -- --
Closing Price -- --

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 redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period. Diamond Brothers LLC's NAVs are calculated using prices as of 4:00 PM Eastern Time.

The closing market price is the Mid-Point between the Bid and Ask price as of the close of exchange. Since the Fund's Shares typically do not trade in the secondary market until several days after the Fund's inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

ETF Trading Risk: Shares are bought and sold at market price, which may be higher or lower than NAV. Market price returns may differ from NAV returns. The Fund's shares may trade at a premium or discount to NAV. Premiums and discounts can be significant and may persist for extended periods.

TOP 10 HOLDINGS

PERCENTAGE OF NET ASSETS TICKER NAME IDENTIFIER SHARES HELD MARKET VALUE
7.2% NVDA NVIDIA Corporation 67066G104 125,000 $7,200,000
6.8% MSFT Microsoft Corporation 594918104 180,000 $6,800,000
5.9% GOOGL Alphabet Inc. 02079K305 45,000 $5,900,000
5.4% AAPL Apple Inc. 037833100 32,000 $5,400,000
4.8% TSLA Tesla, Inc. 88160R101 24,000 $4,800,000
4.2% AMZN Amazon.com, Inc. 023135106 28,000 $4,200,000
3.8% META Meta Platforms, Inc. 30303M102 35,000 $3,800,000
3.5% NFLX Netflix, Inc. 64110L106 22,000 $3,500,000
3.2% CRM Salesforce, Inc. 79466L302 18,000 $3,200,000
2.9% ADBE Adobe Inc. 00724F101 15,000 $2,900,000

Data as of December 19, 21.1

Holdings are subject to change

Portfolio Holdings Disclosure

Daily Holdings Disclosure: The Fund's portfolio holdings that form the basis for the next calculation of current net asset value per share are the Fund's portfolio holdings as of the close of business on the prior business day. This information is updated daily and available on this website before the opening of regular trading on the primary listing exchange (CBOE BZX).

Last Updated: December 19, 21.1 (as of close of business)

Next Update: Available before 9:30 AM Eastern Time on the next business day

Latest Insights

Stay informed with our latest research, market insights, and investment perspectives.

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Strategy

Innovation-Focused Investment Strategy

Investor pitch deck: long-horizon single-factor innovation strategy blending academic rigor and industry execution.

December 1, 2024 View Deck →

Documents & Filings

Document Availability: All documents available free upon request. Call 1-555-123-4567 or write to Diamond Brothers LLC, 123 Main Street, Suite 1000, New York, NY 10001.

IMPORTANT: RED ETF is a registered investment company under the Investment Company Act of 1940. Diamond Brothers LLC is SEC registered as an investment adviser. Not FDIC Insured • No Bank Guarantee • May Lose Value