Bastion Energy ETF
Methodology
We are long-term, fundamental value investors. The Bastion Energy ETF invests in the energy sector primarily and seeks to find the best managed companies with the most attractive internal economics and lowest risk adjusted valuations. We attempt to identify growing businesses, managed to benefit their shareholders, operating in commodity markets with structural supply issues relative to expected demand. We then purchase stock in those businesses only when priced substantially below our estimate of intrinsic value, early in the commodity cycle. After purchase, we patiently wait for the gap between stock price and intrinsic value to close.
While the fund can invest in any sector, it will generally skew most heavily towards energy. It also may include mining and metals, renewables, battery storage, and industrials on an opportunistic basis. The fund is long-only, uses no leverage, and generally seeks to maintain a concentrated portfolio of twenty to thirty U.S. listed equity securities. Market capitalizations can include small-, mid-, and large cap firms, although holdings will generally be no less than $500 million.
Why purchase this ETF?
For actively managed, long-term exposure to well-managed, fundamentally undervalued companies in the energy sector.
Fund Objective
The Bastion Energy ETF seeks to achieve long-term capital appreciation.
Fund Documents
Fund Details
NAV and Market Price
NAV is the sum of all assets less any liabilities, divided by the number of shares outstanding.
Month-End Performance
Quarter-End Performance
Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so shares may be worth more or less when redeemed or sold. Current performance may be lower or higher than that quoted.
Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. YTD is year-to-date and ITD is inception-to-date.
Historical Premium / Discount
Completed Calendar Quarters of Current Year
The fund is traded at a premium if the price of the fund is trading above its NAV. Conversely, the fund is traded at a discount if the price of the fund is trading below its NAV.
Most Recent Completed Calendar Year
Fund Distributions
There is no guarantee that the fund will pay distributions in the future and distributions, if any, may be less than the current distribution.
Fund Holdings
Fund holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.