Fund Description

The North Shore Dual Share Class ETF (DUAL) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the North Shore Dual Share Class Index. The index is designed to track the performance of dual-class companies incorporated in the United States.

TOP 10 HOLDINGS AS OF 10/28/2020

Name Ticker Shares Market Value % of Market Value % of Net Assets
FACEBOOK INC-CLASS A FB 99 26,499.33 4.15% 4.152%
ZOETIS INC ZTS 174 27,612.06 4.324% 4.326%
SNAP INC - A SNAP 718 30,773.48 4.82% 4.822%
CME GROUP INC CME 136 20,340.16 3.186% 3.187%
PRUDENTIAL FINANCIAL INC PRU 348 21,461.16 3.361% 3.363%
VISA INC-CLASS A SHARES V 122 22,066.14 3.456% 3.457%
MASTERCARD INC - A MA 78 22,727.64 3.559% 3.561%
ALPHABET INC-CL A GOOGL 16 24,172.80 3.786% 3.788%
MONDELEZ INTER-A MDLZ 455 24,183.25 3.787% 3.789%
VERISK ANALYTICS INC VRSK 75 13,461.75 2.108% 2.109%

Holdings are subject to change. Current and future holdings are subject to risk.


MONTH END AS OF: 09/30/2020
Cumulative (%) Avg Annualized (%)
1 Month 3 Month YTD Since Inception 1 Year 3 Year 5 Year Since Inception
Fund NAV -3.03% TBD TBD 1.73% TBD TBD TBD TBD
Market Price -3.03% TBD TBD 1.24% TBD TBD TBD TBD
QUARTER END AS OF: 09/30/2020
Cumulative (%) Avg Annualized (%)
1 Month 3 Month YTD Since Inception 1 Year 3 Year 5 Year Since Inception
Fund NAV -3.03% TBD TBD 1.73% TBD TBD TBD TBD
Market Price -3.03% TBD TBD 1.24% TBD TBD TBD TBD

Performance data quoted represents past performance and is no guarantee of future results. 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 the original cost. Current performance may be lower or higher than the original cost. Returns for periods of less than one year are not annualized. Returns are determined based on the midpoint of the bid/ask spread at 4:00pm Eastern time, when the NAV is typically calculated. Market returns does not represent the returns you would receive if you traded shares at other times.

DATA AS OF: 10/28/2020

Primary Exchange NYSE Arca
Ticker DUAL
CUSIP 301505657
Net Assets $638,214.34
# of Equity Holdings 186
Fund Inception Date 8/11/2020
Expense Ratio 0.85%
Shares Outstanding 25,000.0


NAV $25.53
Daily Change $-0.89
Daily Change (%) -3.38%


Closing Price $25.52
Daily Change $-0.89
Daily Change (%) -3.37%


Ex-Date Record Date Payable Date Amount Short-Term Capital Gains Amount

Exchange Traded Concepts, LLC serves as the investment advisor. The Fund is distributed by SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA 19456), which is not affiliated with Exchange Traded Concepts, LLC, North Shore Indices, or any affiliates. Check the background of SIDCO on FINRA’s BrokerCheck.

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s full or summary prospectus, which may be obtained by visiting ( Investors should read it carefully before investing or sending money.

Investing involves risk, including possible loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments, investments in smaller companies, and those in commodities typically exhibit higher volatility. Issuers in energy-related industries can be significantly affected by fluctuations in energy prices and supply and demand of energy fuels.

There is no guarantee the fund will achieve its stated objective. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index. The fund is non-diversified.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern time and do not represent the returns you would receive if you traded shares at other times. The first trading date is typically several days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the first trade date because there is no bid/ask spread until the fund starts trading.

Dual Share Class Companies create unique risks. Dual Share Class Companies allow for a concentration of voting power in the hands of company insiders through a disproportionate allocation of voting rights among stockholders, which may negatively affect common stockholders in a variety of ways. For example, a company’s owners may use such power for personal benefit, while passing on financial risk to common stockholders. Further, Dual Share Class Companies allow entrenchment of management in the company, which may prevent common stockholders from being able to address issues relating to mismanagement of the company, such as share dilution, increased company debt, and financial underperformance relevant to the market. Investing only in a portfolio of Dual Share Class Companies may impact the Fund’s relative investment performance depending on whether such investments are in or out of favor in the market. A portfolio of Dual Share Class Companies may underperform a portfolio that includes companies with traditional ownership structures.