DRLL

Strive U.S. Energy ETF

Fund Objective
DRLL is a passively managed exchange traded fund (ETF) that seeks broad market exposure to the U.S. energy sector. Energy sub-sectors available for inclusion in the index include crude petroleum, natural gas, bituminous coal, hydroelectric power, nuclear electric power, solar, wind, geothermal, biomass and related services up and down the US energy supply chain.

Fund Description
DRLL offers concentrated exposure to the U.S. energy sector through a cost efficient index product. Through Corporate Governance practices, including voting proxy shares and proactively engaging with management teams and boards, Strive aims to unlock value in the U.S. energy sector by mandating companies to focus on excellence.

Fund Data & Pricing
Net Assets as of 10/10/2023 $360.7m
NAV $29.57
Shares Outstanding 12,200,000
Premium/Discount Percentage -0.05%
Closing Price $29.55
Median 30 Day Spread 0.07%

Data as of 10/10/2023

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every fifteen seconds throughout the trading day.

Median 30 Day Spread is a calculation of Fund's median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund's national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

The Fund expects to declare and to distribute its net investment income, if any, to shareholders as dividends quarterly. The amount of any distribution will vary, and there is no guarantee the Fund will pay either an income dividend or a capital gains distribution.

Fund Information
Inception Date 08/09/2022
Primary Exchange NYSE
Ticker DRLL
CUSIP 02072L722
IOPV Symbol DRLLUS.IV
NAV Symbol DRLLUS.NV
Expense Ratio 0.41%
30 Day SEC Yield * 2.71%

*As of 09/30/2023

Performance Quarter end returns as of 09/30/2023
  Avg. Annualized  
Quarter 1 Year 3 Year Since Inception
NAV 10.64% 25.30% - 23.84%
Market Price 10.64% 25.18% - 23.84%
Benchmark 10.81% 25.78% - 24.33%

Expense ratio: 0.41%

Inception Date:  08/09/2022

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 855-427-7360. Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Distribution Detail
EX- Date Record Date Income Payable Date
09/27/2023 09/28/2023 0.19244521 09/29/2023
06/28/2023 06/29/2023 0.20127399 06/30/2023
03/29/2023 03/30/2023 0.22666006 03/31/2023
12/29/2022 12/30/2022 0.34740997 01/06/2023
TOP 10 HOLDINGS
% Of Net Assets Name Ticker CUSIP Shares Held Market Value
21.42% EXXON MOBIL CORP XOM 30231G102 699,567 77,267,175.15
15.40% CHEVRON CORP NEW CVX 166764100 333,442 55,531,430.68
7.62% CONOCOPHILLIPS COP 20825C104 228,256 27,479,739.84
4.36% SCHLUMBERGER LTD SLB 806857108 268,516 15,740,407.92
3.87% EOG RES INC EOG 26875P101 110,115 13,952,671.65
3.30% MARATHON PETE CORP MPC 56585A102 80,009 11,914,140.19
2.89% PIONEER NAT RES CO PXD 723787107 43,858 10,412,327.78
2.69% PHILLIPS 66 PSX 718546104 86,479 9,719,374.81
2.45% VALERO ENERGY CORP VLO 91913Y100 67,926 8,844,644.46
2.34% OCCIDENTAL PETE CORP OXY 674599105 131,801 8,432,627.98

Data as of 10/11/2023.   Holdings are subject to change.