Yoke Core ETF (YOKE)

Overview

YOKE is an actively managed Exchange Traded Fund (ETF) designed to strategically invest across a wide array of both US and international equity markets. The fund's investment strategy divides its asset allocation into three distinct categories: momentum, quality, and risk-on/risk-off environments. By employing these tactical approaches, YOKE aims to optimize returns while managing risk effectively. The momentum strategy focuses on identifying the current phase of the business cycle and selecting securities that have demonstrated positive momentum, while the quality strategy uses proprietary qualitative and quantitative metrics to evaluate the potential attractiveness and future profitability of investments. Furthermore, the risk-on/risk-off approach adjusts the fund's portfolio based on prevailing market valuations and overall risk levels, shifting towards more defensive positions when market conditions warrant it. Although the fund primarily invests directly in securities, it might also opt for cost-efficient ETFs when beneficial. Additionally, YOKE aims to gain foreign exposure predominantly through the use of American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), along with ETFs targeting developed market equities. The decision to sell portfolio holdings is guided by the adviser's discretion, allowing for flexible management in response to market dynamics.

Products and Services

• Momentum Strategy: This investment strategy identifies the current stage of the business cycle and selects securities that show positive momentum, helping to capitalize on upward trends within the markets.
• Quality Assessment: Utilizing proprietary qualitative and quantitative indicators, YOKE assesses the attractiveness of potential investments along with their expected future returns, ensuring that only high-quality stocks are selected for the portfolio.
• Risk-On/Risk-Off Management: This approach dynamically adjusts the fund's investments according to risk levels and market valuations, ensuring a defensive stance is taken when necessary to safeguard against potential downturns.
• Direct Securities Investment: While YOKE primarily invests directly in a range of equity securities, it retains the flexibility to invest in ETFs that offer cost advantages, optimizing the investment strategy.
• Foreign Exposure through ADRs and GDRs: The fund typically gains exposure to international markets by investing in ADRs and GDRs, as well as ETFs that focus on equities in developed markets, broadening its investment horizon.
• Discretionary Portfolio Management: Portfolio holdings are managed under the adviser's discretion, which allows for responsive adjustments based on evolving market conditions to maximize returns and mitigate risks.