Let’s Roll
Meet BAD, your next vice.
What was BAD is now Good
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Be Bold, Be Bad
It's Time to Capitalize on Being BAD
Welcome to BAD, the ETF defined by the Betting, Alcohol & Drug industries.
The B.A.D. ETF (BAD) is a large cap fund designed to track the EQM BAD Index (BADIDX), which tracks price movements of a portfolio of U.S. listed companies with exposure to the following B.A.D. market segments: Betting, Alcohol, Cannabis, and Drugs (Pharmaceuticals and Biotechnology).
Fund Overview & Pricing
Date as of Market Close on 09/29/2023
BAD
Fund Ticker
$10,273,780.56
Net Assets
840,000
Shares Outstanding
$12.23
NAV
$0.02
NAV Change Dollars
0.13%
NAV Change Percentage
$12.24
Market Price
$0.03
Market Price Change Dollars
0.22%
Market Price Change Percentage
0.06%
Premium/Discount Percentage
09/29/2023
Rate Date
0.40%
Median 30 Day Spread Percentage
Fund Details
As of 12/31/2022
B.A.D. ETF
Fund Name
12/22/21
Fund Inception
BAD
Ticker
NYSE
Primary Exchange
54
Fund Holdings
BAD.NV
NAV Symbol
Indexed
Management Style
Quarterly
Rebalance Frequency
0.75%
Expense Ratio
53656F235
CUSIP
N/A
30-Day SEC Yield
BAD Performance Chart
Past performance is not indicative of future results. You cannot invest directly in an index. Index performance does not represent actual fund or portfolio performance. A fund or portfolio may differ significantly from the securities included in the index. Index performance assumes reinvestment of dividends but does not reflect any management fees, transaction costs, brokerage commissions on transactions. Such fees, expense and commissions would reduce returns.
Date as of 06/30/2023
YTD
1M
3M
6M
1Y
Inception
1 Year
Since Inception
2022
Total Return (%)
2.67
4.68
-1.59
2.67
8.59
-14.63
Market Price (%)
2.56
4.59
-1.51
2.75
8.65
-14.75
Total Return (%)
8.59
-14.63
Market Price (%)
8.65
-14.75
Total Return (%)
-16.85%
Market Price (%)
-17.08%
The cumulative 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 833.333.9383.
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 is the price at which shares in the ETF can be bought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.
BAD Top Holdings
Date as of Market Close 09/29/2023
Date
Account
Stock Ticker
C U S I P
Security Name
Shares
Price
Market Value
Weightings
Net Assets
Shares Outstanding
Creation Units
Money Market Flag
10/02/2023
BAD
ABBV
00287Y109
ABBVIE INC
1,081
$149.06
$161,133.86
1.57%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
ABEV
02319V103
AMBEV SA
102,994
$2.58
$265,724.52
2.59%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
ACEL
00436Q106
ACCEL ENTERTAINMENT INC
16,421
$10.95
$179,809.95
1.75%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
AMGN
031162100
AMGEN INC
633
$268.76
$170,125.08
1.66%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
ARGX
04016X101
ARGENX SE
317
$491.63
$155,846.71
1.52%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
AZN
046353108
ASTRAZENECA PLC
2,451
$67.72
$165,981.72
1.62%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
BF/B
115637209
BROWN FORMAN CORP
4,355
$57.69
$251,239.95
2.45%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
BIIB
09062X103
BIOGEN INC
648
$257.01
$166,542.48
1.62%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
BMY
110122108
BRISTOL-MYERS SQUIBB CO
2,793
$58.04
$162,105.72
1.58%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
BNTX
09075V102
BIONTECH SE
1,460
$108.64
$158,614.40
1.54%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
BUD
03524A108
ANHEUSER BUSCH INBEV SA/NV
4,946
$55.30
$273,513.80
2.66%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
BYD
103304101
BOYD GAMING CORP
2,814
$60.83
$171,175.62
1.67%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
CCU
204429104
COMPANIA CERVECERIAS UNIDAS S SPONSORED ADR
20,674
$12.60
$260,492.40
2.54%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
CHDN
171484108
CHURCHILL DOWNS INC
1,530
$116.04
$177,541.20
1.73%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
CRON
22717L101
CRONOS GROUP INC
113,835
$2.00
$227,670.00
2.22%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
CZR
12769G100
CAESARS ENTERTAINMENT INC NEW COM
3,412
$46.35
$158,146.20
1.54%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
DEO
25243Q205
DIAGEO PLC
1,761
$149.18
$262,705.98
2.56%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
DKNG
26142V105
DRAFTKINGS INC NEW
5,804
$29.44
$170,869.76
1.66%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
EVRI
30034T103
EVERI HLDGS INC
12,200
$13.22
$161,284.00
1.57%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
GDEN
381013101
GOLDEN ENTMT INC
4,933
$34.18
$168,609.94
1.64%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
GENI
G3934V109
GENIUS SPORTS LIMITED
32,233
$5.33
$171,801.89
1.67%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
GILD
375558103
GILEAD SCIENCES INC
2,148
$74.94
$160,971.12
1.57%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
GSK
37733W204
GSK PLC
4,444
$36.25
$161,095.00
1.57%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
HZNP
G46188101
HORIZON THERAPEUTICS PUB L
1,440
$115.69
$166,593.60
1.62%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
IGT
G4863A108
INTERNATIONAL GAME TECHNOLOGY SHS USD
5,505
$30.32
$166,911.60
1.62%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
JNJ
478160104
JOHNSON & JOHNSON
1,015
$155.75
$158,086.25
1.54%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
LLY
532457108
ELI LILLY & CO
281
$537.13
$150,933.53
1.47%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
LNW
80874P109
LIGHT & WONDER INC
2,328
$71.33
$166,056.24
1.62%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
LVS
517834107
LAS VEGAS SANDS CORP
3,735
$45.84
$171,212.40
1.67%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
MCRI
609027107
MONARCH CASINO & RESORT INC
2,731
$62.10
$169,595.10
1.65%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
MGM
552953101
MGM RESORTS INTERNATIONAL
4,395
$36.76
$161,560.20
1.57%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
MGPI
55303J106
MGP INGREDIENTS INC NEW
2,550
$105.48
$268,974.00
2.62%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
MLCO
585464100
MELCO RESORTS AND ENTMNT LTD ADR
17,744
$9.89
$175,488.16
1.71%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
MRK
58933Y105
MERCK & CO INC
1,535
$102.95
$158,028.25
1.54%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
MRNA
60770K107
MODERNA INC
1,473
$103.29
$152,146.17
1.48%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
NAPA
26414D106
DUCKHORN PORTFOLIO INC
23,412
$10.26
$240,207.12
2.34%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
NVO
670100205
NOVO-NORDISK A S
1,723
$90.94
$156,689.62
1.53%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
NVS
66987V109
NOVARTIS AG
1,632
$101.86
$166,235.52
1.62%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
PENN
707569109
PENN ENTERTAINMENT INC
7,837
$22.95
$179,859.15
1.75%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
PFE
717081103
PFIZER INC
4,865
$33.17
$161,372.05
1.57%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
REGN
75886F107
REGENERON PHARMACEUTICALS
200
$822.96
$164,592.00
1.60%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
RRR
75700L108
RED ROCK RESORTS INC
4,119
$41.00
$168,879.00
1.64%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
RSI
782011100
RUSH STREET INTERACTIVE INC
34,354
$4.62
$158,715.48
1.54%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
SAM
100557107
BOSTON BEER INC
748
$389.53
$291,368.44
2.84%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
SGEN
81181C104
SEAGEN INC
805
$212.15
$170,780.75
1.66%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
SGHC
G8588X103
SUPER GROUP SGHC LIMITED
51,482
$3.69
$189,968.58
1.85%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
SNY
80105N105
SANOFI
3,046
$53.64
$163,387.44
1.59%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
SRAD
H8088L103
SPORTRADAR GROUP AG
16,922
$10.01
$169,389.22
1.65%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
STZ
21036P108
CONSTELLATION BRANDS INC
1,070
$251.33
$268,923.10
2.62%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
TAK
874060205
TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADS
10,199
$15.47
$157,778.53
1.54%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
TAP
60871R209
MOLSON COORS BEVERAGE CO
4,408
$63.59
$280,304.72
2.73%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
TLRY
88688T100
TILRAY BRANDS INC
94,353
$2.39
$225,503.67
2.19%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
VRTX
92532F100
VERTEX PHARMACEUTICALS INC
476
$347.74
$165,524.24
1.61%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
WEED CN
BYTN3W0
CANOPY GROWTH CORP
223,565
$1.05
$172,827.72
1.68%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
WYNN
983134107
WYNN RESORTS LTD
1,870
$92.41
$172,806.70
1.68%
$10,273,788.00
840000
42.000000000000
10/02/2023
BAD
Cash&Other
Cash&Other
Cash & Other
19,666
$1.00
$19,666.05
0.19%
$10,273,788.00
840000
42.000000000000
Y
01
Growth Opportunity & Changing Trends
Expansion of Legalization in Betting & Cannabis may provide growth into new markets
New pharmaceutical developments are critical to the economy
Business-to-consumer trends has increased accessibility which may benefit each B.A.D. Industry
02
Potential for Attractive & Controlled Return
Diversification in 3 industries may reduce single industry or sector risk*.
Industries & products are staples of society and human behavior
The B.A.D. Industries have demonstrated willingness to adapt to their consumers and grow through new developments and consumer trends
03
Rooted in History
Historically, B.A.D. industries have endured multiple economic cycles and demonstrated to be profitable businesses
Adapted and embraced political pressures and regulations to improve their business practices
If the past is any indicator for the future trends, consumers will continue to need medicines, consume alcohol, and gamble.
04
Minimal Technology Exposure
Technology & Growth stocks typically trades at higher multiples which has historically been negatively impacted in a rising interest rate environment that the Fed has recently indicated to moderate inflation.
05
COVID-19 Reopening
We believe the B.A.D. industries will benefit in a post-pandemic environment as consumers may seek more forms of entertainment but also rely on vaccines and therapies offered by the pharmaceutical industry.
06
Contra-ESG
We believe that environmental, social, and governance (ESG) funds may be overvalued and oversaturated in a space that has yet to achieve any significant cash flows or profitability. In addition there is a lack of clarity in what constitutes a company to be ESG. *ESG is an approach to evaluating the extent to which a corporation works on behalf of social goals that go beyond the role of a corporation to maximize profits on behalf of the corporation's shareholders.
Let’s Roll
Reasons to Invest in BAD
01 / 06