Local Firm’s ETF Launch Deemed One of the Most Successful of 2022 — Partners Recognized by the New York Stock Exchange
Richmond, Va.— The NYSE invited Fairlead Strategies and Cary Street Partners to ring the closing bell on December 22, 2022, in recognition of their successful launch of Fairlead Tactical Sector ETF. Chief Investment Officer Tom Herrick, along with additional professionals from Cary Street Partners’ joined Katie Stockton of Fairlead Strategies on the podium.
The business partnership launched March 23, 2022, with a listing on the NYSE, symbol TACK (*https://www.etftrends.com/tack-just-launched-offering-investors-u-s-large-cap-exposure-backed-by-technical-analysis/). In just nine months, the ETF has assets under management of approximately $186 million, placing it as number 29 out of 407 ETF launches in 2022 in terms of AUM raised. TACK has consistently outperformed the S&P 500 Index since the ETF launch.
As adviser, Cary Street Partners provides business infrastructure for TACK. Katie Stockton, a nationally recognized technical analyst, is the portfolio manager. This is the first investment vehicle that reflects Stockton’s well-established research work.
The TACK model primarily invests in the 11 economic sectors of the U.S. equity market via ETFs, but at times allocates to ETFs representing gold, short-term Treasuries and long-term Treasuries when the system suggests a defensive posture is warranted. Overall, the fund’s strategy is designed to benefit from sector leadership during uptrends while seeking to minimize downside risk during periods of market distress, such as that forecasted for early 2023.
Additional information at https://www.fairleadfunds.com/strategy.
Cary Street Partners is a Richmond-founded financial services firm with 16 offices across five states that manage approximately $7 billion across all subsidiaries.
Fairlead, based in Stamford Connecticut, is a technically based provider of market research. The firm is embodied by Katie Stockton who often appears in national media and is a contributor on CNBC.
*The thoughts and opinions expressed in the article are solely those of the author. The discussion of individual companies should not be considered a recommendation of such companies by the Fund’s investment adviser. The discussion is designed to provide a reader with an understanding of how the Fund’s investment adviser manages the Fund’s portfolio.
Investors should carefully consider the investment objectives, risks, charges and expenses of the fund before investing. The prospectus contains this and other information about the fund, and it should be read carefully before investing. Investors may obtain a copy of the prospectus by calling 877-865-9549, emailing email@example.com or it may be downloaded here.
The fund is distributed by Northern Lights Distributors, LLC (Member FINRA). Northern Lights Distributors, LLC, Fairlead Strategies, LLC, and Cary Street Partners Asset Management LLC are separate and unaffiliated. Cary Street Partners is the trade name used by Cary Street Partners LLC, Member FINRA/SIPC; Cary Street Partners Investment Advisory LLC and Cary Street Partners Asset Management LLC, registered investment advisers. Cary Street Partners is the Adviser for the Fairlead Tactical Sector ETF (TACK). For full disclaimers and disclosures, please view Disclaimers and Disclosures.
Important Risk Information:
Investing involves risk, including loss of principal. There is no guarantee the fund will achieve its investment objective. As an actively-managed ETF, the fund is subject to management risk. The ability of the Adviser to successfully implement the fund’s investment strategies will significantly influence the fund’s performance. The success of the fund will depend in part upon the skill and expertise of certain key personnel of the Adviser, and there can be no assurance that any such personnel will be successful. Neither the Adviser nor the Subadviser has previously served as an adviser or a subadviser to a mutual fund or exchange-traded fund. As a result, there is no long-term track record against which an investor may judge the Adviser and/or Subadviser.
The Fund is newly formed, which may result in additional risk. There can be no assurance that the Fund will grow to an economically viable size, in which case the Fund may cease operations. In such an event, investors may be required to liquidate or transfer their investments at an inopportune time.
The Adviser may allocate more of the Fund’s investments to a particular sector or sectors in the market, including the following sectors: Communications Services, Consumer Discretionary, Consumer Staples, Energy, Financials, Health Care, Industrials, Materials, Real Estate, Technology, and Utilities. If the Fund invests a significant portion of its total assets in a certain sector or certain sectors, its investment portfolio will be more susceptible to the financial, economic, business, and political developments that affect those sectors than a fund that is more diversified.