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The fund is an actively managed “fund of funds” that seeks to achieve its investment objective by investing in a dynamic portfolio of other unaffiliated registered investment companies, including mutual funds, index-based exchange-traded funds (“ETFs”), and actively managed ETFs, that provide exposure to equity markets and fixed income markets.

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ELM Market Navigator ETF aims to solve the main challenge that many "set it and forget it" investors face. The ETF seeks to blend the best of passive and active strategies, adjusting stock and bond exposure based on expected returns and risk, using a transparent and systematic approach. ELM is suitable as a core holding or an all-in-one solution for long-term investors, with historical outperformance under specific market conditions.

Elm Market Navigator ETF transitioned from a private fund to an ETF in 2025, maintaining its dynamic, rules-based allocation methodology. The fund dynamically adjusts its 75% global equities and 25% fixed income baseline based on valuation and momentum signals, using only equity and fixed income ETFs. Despite its innovative approach, ELM's historical performance has not significantly outperformed the passive iShares Core 60/40 Balanced Allocation ETF since 2015.

A new ETF is being proposed that plans to short both a 2x leveraged long ETF and a 2x leveraged short ETF on MicroStrategy stock The ETF prospectus claims it. The ETF prospectus claims it will profit from "volatility drag" affecting both leveraged ETFs, but our analysis shows this strategy actually has zero expected return from drag. We explain why the ETF's daily rebalancing approach cancels out the volatility drag it's attempting to capture, contradicting the fund's own marketing materials.