NIWM
NightShares 2000 ETF
Seeks to return the night performance of a portfolio of 2000 small cap U.S. companies
Why NIWM?
- Gain overnight exposure to small cap U.S. companies
- Focus on the overnight component which has historically1 comprised most of the total return in the 24 hour market cycle
- Avoid exposure to the historically more volatile day time trading session
1 Cooper, Michael J. and Cliff, Michael T. and Gulen, Huseyin, Return Differences between Trading and Non-Trading Hours: Like Night and Day (September 26, 2008). Available at SSRN.
Investment Objective
The NightShares 2000 ETF (the “Fund”) seeks to return the night performance of a portfolio of 2000 small cap U.S. companies.
OVERVIEW
Fund Overview
Current Fund Data
PERFORMANCE
Average Annual Performance
Cumulative Performance
Growth of Hypothetical $10K
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.
Fund NAV represents the closing price of underlying securities. Closing Market Price is calculated using the price which investors buy and sell ETF shares in the market. The Closing Market Price returns in the table were calculated using the closing price and account for distributions from the funds.
Premium/Discount
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.
Fund NAV represents the closing price of underlying securities. Closing Market Price is calculated using the price which investors buy and sell ETF shares in the market. The Closing Market Price returns in the table were calculated using the closing price and account for distributions from the funds.
PORTFOLIO HOLDINGS
SUPPLEMENTAL TRANSACTION REPORT
IMPORTANT RISK DISCLOSURES
Investors should consider the investment objectives, risks, and charges and expenses of the Funds before investing. The prospectus contains this and other information about the Funds and should be read carefully before investing. The prospectus may be obtained by calling 833 648 3383 or at NightShares.com. The NightShares ETFs are distributed by Northern Lights Distributors, LLC, member FINRA/SPIC. AlphaTrAI Funds Inc. is the investment advisor to the Funds and is not affiliated with Northern Lights Distributors, LLC.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.
Investing involves risk, including loss of principal. There is no guarantee that the Funds will achieve their investment objectives.
The overnight strategy presents a risk of not capturing positive market movement during the day. With the overnight strategy the Fund gives up on potential upside gains during the normal hours exchanges are open.
While the shares of ETFs trade on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.
The Advisor is a newly formed entity.