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
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 |
Investment Policy Committee
Nancy Huynh
Committee Chair
Dan Lagan, CFA
Committee Co-Chair
Matt Lagan, CFA
Portfolio Manager
Portfolio
(Data as of )
Top 10 Holdings
| HOLDING | WEIGHT% |
|---|
Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Historical NAV Change
(Data as of: )
Performance
(Data as of: )
| 3 Month | YTD | 1 Year | 5 Year | Since Inception (08/21/2023) |
|
|---|---|---|---|---|---|
| Fund NAV | - | ||||
| Market Price | - | - | |||
| Russel 2500 Growth Index© | 6.99% | 11.20% | 25.20% | - | 18.94% |
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: )
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.