RiverNorth Patriot ETF (FLDZ)

Overview

This actively-managed exchange-traded fund (ETF) focuses on investing in equity securities, specifically targeting mid-cap and large-cap companies that are integral to the United States economy. The fund's investment strategy is steered by its sub-adviser, who identifies these companies based on a set of criteria: incorporation under U.S. laws, primary trading of shares in U.S. markets, and generation of at least 90% of revenue from U.S.-based activities. It takes a non-diversified approach, concentrating its investments more narrowly than diversified funds.

Products and Services

• Equity Securities Investment:

  The fund specializes in purchasing equity securities, including common stock, of mid-cap and large-cap companies. These investments are chosen with a focus on companies that have a significant presence and operational base within the U.S. economy, aiming to leverage the growth and stability of these domestically-anchored firms.

• Active Management Approach:

  Utilizing an active management strategy, the ETF relies on the expertise of its sub-advisers to make investment decisions. This approach allows for dynamic adjustment of the fund's portfolio based on market conditions, company performance, and economic indicators. The goal is to identify and invest in companies that not only meet the fund's criteria but also show potential for high returns.

• Focus on U.S. Economy:

  The investment focus is sharply defined - targeting companies that form the backbone of the U.S. economy. A company is considered to be tied to the U.S. economy based on specific criteria: being organized under the laws of the U.S., primarily trading its shares on U.S. exchanges, and generating the majority of its revenue from within the country. This strategy aims to capitalize on the unique strengths and opportunities within the U.S. market.

• Non-Diversified Fund Strategy:

  As a non-diversified fund, this ETF does not spread its investments across a wide array of sectors or companies. Instead, it focuses on investing more significantly in a smaller number of companies. This approach can lead to higher volatility and risk, but also offers the potential for higher returns by concentrating investments in areas believed to offer the best growth prospects.