Investment Objective
The Fund seeks long-term capital appreciation by tracking a rules-based Conservative Asset Growth factor model, before the placeholder expense ratio and trading costs.
Key Facts
| Item | Value |
|---|---|
| Ticker (pseudo) | FASS |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | Conservative Asset Growth factor (All stocks) |
| Placeholder expense ratio | 0.29% |
| Placeholder inception date | 2022-06-10 |
| Number of holdings (long leg) | 296 |
| Weighting | Cap-weighted |
| Rebalance frequency | Monthly |
| Holdings as of | July 2026 |
Performance
The following performance is HYPOTHETICAL and BACKTESTED — it was calculated by applying the model to historical data with the benefit of hindsight, is gross of the placeholder expense ratio and trading costs, and does not represent the results of any actual account. Past (hypothetical) performance does not guarantee or predict future results.
Hypothetical Calendar-Year Total Returns (long-short backtest)
| Year | Hypothetical Total Return |
|---|---|
| 2017 | -16.14% |
| 2018 | -4.22% |
| 2019 | -1.59% |
| 2020 | -3.99% |
| 2021 | 21.03% |
| 2022 | 48.28% |
| 2023 | -22.27% |
| 2024 | -24.01% |
| 2025 | -10.02% |
| 2026 | 25.43% |
Average Annual Total Returns (hypothetical, as of the most recent sample month)
| Period | Hypothetical Avg. Annual Total Return |
|---|---|
| 1 Year | 25.86% |
| 3 Years | -4.04% |
| 5 Years | 2.15% |
| 10 Years | -0.50% |
| Since Model Inception (full sample) | 1.14% |
Top 10 Holdings (of 296)
| # | Ticker | Company | Sector | Weight | Market Value |
|---|---|---|---|---|---|
| 1 | BKNG | BOOKING HOLDINGS INC | Industrials | 10.76% | $10,756,270 |
| 2 | BMY | BRISTOL MYERS SQUIBB CO | Healthcare | 9.48% | $9,476,909 |
| 3 | SBUX | STARBUCKS CORP | Consumer Cyclical | 9.19% | $9,185,928 |
| 4 | JCI | JOHNSON CONTROLS INTERNATIONAL PLC | Basic Materials | 6.55% | $6,547,653 |
| 5 | NDAQ | NASDAQ INC | Financial Services | 3.96% | $3,959,774 |
| 6 | ON | ON SEMICONDUCTOR CORP | Technology | 2.62% | $2,616,149 |
| 7 | DXCM | DEXCOM INC | Healthcare | 2.26% | $2,259,842 |
| 8 | TPR | TAPESTRY INC | Consumer Cyclical | 2.18% | $2,183,743 |
| 9 | ECHO | ECHO GLOBAL LOGISTICS INC | Industrials | 2.04% | $2,037,168 |
| 10 | MRNA | MODERNA INC | Healthcare | 1.87% | $1,874,158 |
Sector Allocation
| Sector | Weight | # Holdings |
|---|---|---|
| Healthcare | 23.18% | 89 |
| Consumer Cyclical | 19.67% | 37 |
| Industrials | 14.55% | 33 |
| Basic Materials | 11.32% | 14 |
| Technology | 10.97% | 45 |
| Financial Services | 6.88% | 22 |
| Consumer Defensive | 5.68% | 13 |
| Communication Services | 3.03% | 17 |
| Real Estate | 2.21% | 13 |
| Energy | 1.93% | 11 |
| Utilities | 0.60% | 2 |
Portfolio Characteristics (hypothetical)
| Characteristic | Value |
|---|---|
| Sharpe ratio (full sample) | 0.15 |
| Annualized volatility | 16.51% |
| Maximum drawdown | -49.94% |
| Average monthly turnover | 17.74% |
| Out-of-sample Sharpe (2019-26) | 0.18 |