Main International (INTL)

Main International (INTL)

FUND OBJECTIVE

Investment Objective: The Fund seeks to outperform the MSCI All Country World ex-USA Index® (the “Index”) over a full market cycle while maintaining below-benchmark risk.

FUND SUMMARY

Main Management seeks to achieve long term capital appreciation by investing in non ­U.S. country and sector indexes. The portfolio utilizes a dynamic asset allocation approach which combines the benefits of both strategic and tactical allocation strategies. The strategy employs a top ­down assessment to identify undervalued economic regions, countries and sectors Rigorous fundamental analysis and a proprietary weighing methodology are key components of a disciplined allocation process Concurrently, tactical allocations will be used to anticipate and respond to opportunistic shifts in the market The portfolio is implemented using Exchange Traded Funds (ETFs)

FUND PRICES

NAV
  • Net Asset Value
  • 22.53
  • Daily Change
  • $0.22
  • 0.99%
MARKET PRICE
  • Closing Price
  • $22.56
  • Daily Change
  • $0.21
  • 0.94%

*  The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 866-383-9778.
*  Standardized performance for the fund as of the most recent quarter can be viewed on the fund's fact sheet.

PREMIUM/DISCOUNT

  • $0.03

FUND DETAILS

As of 04/26/2024
  • TICKER
  • INTL
  • PRIMARY EXCHANGE
  • Cboe BZX Exchange
  • CUSIP
  • 66538H 237
  • INCEPTION DATE
  • 12/01/2022
  • ETF LISTING DATE
  • 12/01/2022
  • DISTRIBUTION FREQ.
  • QUARTERLY
  • TOTAL ASSETS
  • $117,167,475
  • TOTAL ANNUAL FUND OPERATING EXPENSES
  • 1.08%
  • Total Annual Fund Operating Expenses After Fee Waiver
  • 1.04%
  • 30 Day Median Bid/Ask Spread
  • 0.18%

The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified, and that value is expressed as a percentage rounded to the nearest hundredth.

DISTRIBUTIONS DATA

EX DATE
RECORD DATE
PAY DATE
ST CAP GAINS
LT CAP GAINS
ORDINARY
INCOME
TOTAL DISTRIBUTION
AMOUNT
EX DATE
12/22/2022
RECORD DATE
12/23/2022
PAY DATE
12/28/2022
ST CAP GAINS
$0.00
LT CAP GAINS
$0.00
INCOME/OTHER
$0.27
TOTAL DISTRIBUTION AMOUNT
$0.27
EX DATE
06/22/2023
RECORD DATE
06/23/2023
PAY DATE
07/05/2023
ST CAP GAINS
$0.00
LT CAP GAINS
$0.00
INCOME/OTHER
$0.30
TOTAL DISTRIBUTION AMOUNT
$0.30
EX DATE
12/21/2023
RECORD DATE
12/22/2023
PAY DATE
01/03/2024
ST CAP GAINS
$0.00
LT CAP GAINS
$0.00
INCOME/OTHER
$0.33
TOTAL DISTRIBUTION AMOUNT
$0.33

Portfolio holdings are subject to change and should not be considered investment advice.

TOP 10 HOLDINGS

HOLDINGS (.CSV)
SYMBOL
NAME
MARKET PRICE ($)
SHARES HELD
MARKET VALUE ($)
NET ASSETS (%)
SYMBOL
FLJP
NAME
FRANKLIN JAPAN
MARKET PRICE ($)
$29.26
SHARES HELD
621,410
MARKET VALUE ($)
$18,182,457
NET ASSETS (%)
16%
SYMBOL
FLMX
NAME
FRANKLIN MEXICO
MARKET PRICE ($)
$32.90
SHARES HELD
267,140
MARKET VALUE ($)
$8,788,799
NET ASSETS (%)
8%
SYMBOL
EWQ
NAME
ISHARES MSCI FRA
MARKET PRICE ($)
$40.67
SHARES HELD
205,400
MARKET VALUE ($)
$8,353,618
NET ASSETS (%)
7%
SYMBOL
FLTW
NAME
FRANKLIN TAIWAN
MARKET PRICE ($)
$42.24
SHARES HELD
192,400
MARKET VALUE ($)
$8,127,688
NET ASSETS (%)
7%
SYMBOL
FLKR
NAME
FRANKLIN S KOREA
MARKET PRICE ($)
$21.97
SHARES HELD
340,775
MARKET VALUE ($)
$7,486,827
NET ASSETS (%)
6%
SYMBOL
EWG
NAME
ISHARES MSCI GER
MARKET PRICE ($)
$30.96
SHARES HELD
231,425
MARKET VALUE ($)
$7,164,918
NET ASSETS (%)
6%
SYMBOL
EWD
NAME
ISHARES MSCI SWE
MARKET PRICE ($)
$39.08
SHARES HELD
169,015
MARKET VALUE ($)
$6,605,106
NET ASSETS (%)
6%
SYMBOL
FLIN
NAME
FNK FTSE INDIA
MARKET PRICE ($)
$37.55
SHARES HELD
171,600
MARKET VALUE ($)
$6,443,580
NET ASSETS (%)
5%
SYMBOL
FLCH
NAME
FNK FTSE CH ETF
MARKET PRICE ($)
$16.72
SHARES HELD
369,080
MARKET VALUE ($)
$6,169,209
NET ASSETS (%)
5%
SYMBOL
FLBR
NAME
FNK FTSE BR ETF
MARKET PRICE ($)
$19.08
SHARES HELD
306,800
MARKET VALUE ($)
$5,852,762
NET ASSETS (%)
5%

ETF shares are not redeemable with the issuing fund other than in large Creation Unit aggregations. Instead, investors must buy or sell ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling. The NAV of the Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). Shares are bought and sold at market price not NAV. Beginning November 2, 2020, market price returns are calculated using the closing price and account for distributions from the funds.  Prior to November 2, 2020, market price returns were calculated using the midpoint price and accounted for distributions from the fund.  The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds).

An active secondary market for the Fund’s shares may not exist. Although the Fund’s shares will be listed on an exchange, subject to notice of issuance, it is possible that an active trading market may not develop or be maintained. There is no guarantee that distributions will be paid.

Investing involves risk including the possible loss of principal. There is no assurance that the Fund will achieve its investment objectives.

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost.

Equity securities are susceptible to general stock market fluctuations and to volatile increases and decreases in value. Investments in foreign securities could subject the Fund to greater risks including, currency fluctuation, economic conditions, and different governmental and accounting standards. The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. Overall market risks may also affect the value of the Fund. Factors such as domestic economic growth and market conditions, interest rate levels and political events affect the securities markets. For performance information current to the most recent month-end, please call toll-free 866-383-9778.

Options Risk. There are risks associated with the sale and purchase of call and put options. As a seller (writer) of a put option, the Fund will tend to lose money if the value of the reference index or security falls below the strike price. As the seller (writer) of a call option, the Fund may experience lower returns if the value of the reference index or security rises above the strike price.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Main INTL ETF. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 1-866-383-9778. The prospectus should be read carefully before investing. The Fund is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC. Main Management Fund Advisors, LLC is not affiliated with Northern Lights Distributors, LLC.

NLD # 7220-NLD12012022