Strategy Overview

Objective

The Congress SMid Growth ETF (the “SMid Fund” or “Fund”) seeks long-term capital appreciation.

Investment Strategy

The Fund invests in companies that we believe are experiencing or will experience earnings growth. We employ a “bottom-up” approach to research and stock selection, emphasizing a company’s fundamentals and prospects instead of timing significant economic or market cycles. Our growth-style approach focuses on companies with established profitability, a history of earnings growth, positive free cash flow, and prudent use of debt and leverage.

Investment Strategy

Growth

  • Positive revenue and earnings growth
  • Strong competitive position in stable, expanding industry

Profitability

  • Positive earnings
  • Free cash flow positive
  • Established profit margins

Franchise

  • Management focused on core business and aligned with stakeholders’ interests
  • Prudent use of debt and leverage

Valuation

  • Evaluate relative to history, peers, and economic conditions

Investment Policy Committee

Nancy Huynh

Portfolio Manager | Committee Chair

Dan Lagan, CFA

Portfolio Manager | Committee Co-Chair

Matt Lagan, CFA

Portfolio Manager

Ryan Tumbry, CFA

Research Analyst

Zach Zeller, CFA

Research Analyst

Fund Facts

Inception Date 8/21/2023
Primary Exchange NYSE
CUSIP 74316P645
Ticker CSMD
Expense Ratio 0.68%
Benchmark Russell 2500 Growth©
30-Day Median Bid/Ask Spread
Fund Assets as of TBD TBD

Portfolio

As of

Historical NAV Change

Data as of:

 

 

Performance

Data as of:

  3 Month YTD 1 Year 5 Year Since Inception
Fund NAV
Market Price 12.97 12.97 - - 20.45
Russel 2500 Growth Index© 8.51 8.51 - - 18.29

Expense ratio: 0.68%

The 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 their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 800.243.4516.



Premium/Discount

Data as of:

NAV Closing Price Premium/Discount

Historical Premium/Discount

Data as of:

 
 
Days at premium
Days at zero premium/discount
Days at discount

Before investing, carefully consider the Congress Asset ETFs investment objectives, risks, charges and expenses. This and other specific information about Congress Asset Management is contained in the prospectus and a summary prospectus, which may be obtained by clicking here. Read the prospectus carefully before you invest.

Principal Risks of Investing in the SMid Fund

There is a risk that you could lose all or a portion of your investment in the SMid Fund. The following risks are considered principal to the SMid Fund and could affect the value of your investment in the Fund:

Investing involves risk. Loss of principal is possible. The Fund invests in small- and mid-cap companies, which involve additional risks such as limited liquidity and greater volatility than large-cap companies. The Fund may invest in foreign securities which will involve political, economic and currency risks, differences in accounting methods, and greater volatility. The Fund’s investment in Growth stocks may lose value or fall out of favor with investors. Growth stocks may be more sensitive to changes in current or expected earnings than the prices of other stocks.

The Russell 2500 Growth Index measures the performance of those Russell 2500 Index© companies with higher price-to-book ratios and higher forecasted growth values. The performance data includes reinvested dividends. An investor cannot invest directly in an index.

Free Cash Flow is a measure of financial performance calculated as operating cash flow minus capital expenditures; represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base.

Congress Asset ETFs are bought and sold through exchange trading at market price, not Net Asset Value (NAV), and are not individually redeemed from the fund. Shares maytrade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

Congress Asset ETFs (the “Funds”) are registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940 and are distributed by Quasar Distributors, LLC, member FINRA.