NovaTide Flexible Allocation ETF(AMEX:NMBL)

NMBL is a global multi-asset fund that allocates assets across equities, fixed income, and commodities. The fund employs a dynamic, unconstrained strategy that determines allocations based on relative value and market opportunities, rather than fixed ranges. Typical allocations are 40%-80% equities, 20-60% fixed income, up to 15% commodities, and 2%-15% cash or cash equivalents. For equities, the sub-adviser evaluates the P/E ratio, dividend yield, and earnings growth rate. Fixed income on yield spreads, duration, credit ratings, and default rates. Commodity exposure depends on supply and demand dynamics, as well as the future curve structure. The fund may take both long and short equity positions, with short proceeds used for additional long exposure, creating leverage. Exposure may be gained directly via ETFs, mutual funds, closed-end funds, and BDCs. Investments may include emerging market securities. Positions are actively traded and adjusted, thus a higher portfolio turnover rate.