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FIRS

FIRE Funds™ Wealth Builder ETF

Fund Summary

FIRS is an investment product designed to support your journey toward Financial Independence and Retire Early (FIRE). With a focus on resilience and potential growth across various market cycles, FIRS seeks long-term capital appreciation and diversification across four strategically constructed ETF baskets that align with Prosperity, Recession, Inflation, and Deflation conditions. This approach seeks to position your investments to respond effectively to changing economic environments.
 
Delivered through the ETF structure, FIRS aims to provide transparency, liquidity, and tax efficiency, offering a streamlined option for those looking to align their investments with FIRE goals.

Fund Documents

Fund Details

Fund Name: FIRE Funds™ Wealth Builder ETF

Name Value
Fund Inception 11/18/2024
Ticker FIRS
Primary Exchange NYSE
CUSIP 886364223
Gross Expense Ratio 0.67%
Net Expense Ratio 0.48%
30 Day SEC Yield
As of 12/31/2024		 3.54%

*The 30-Day SEC Yield is calculated with a standardized formula mandated by the SEC. The formula is based on the maximum offering price per share and does not reflect waivers in effect.

**The Fund’s investment advisor has agreed to a 0.19% fee waiver effective through at least February 28, 2026.

Fund Data & Pricing

Name value
Net Assets $912.43K
NAV $20.28
Shares Outstanding 45,000
Premium/discount Percentage 0.36%
Closing Price $20.35
Median 30 Day Spread** 1.3%
Rate Date
01/22/2025

*30-Day Median 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.

Performance

Inception Date: 11/18/2024

Name
12/31/2024
Fund Name Ticker 1MO 3MO 6 Month YTD 1YR Since Inception (Cumulative) 3 Year 5 Year Since Inception (Annualized) Date
FIRS NAV -2.95 - - -1.15 - -1.15 - - - 12/31/2024
FIRS MKT -3.03 - - -0.9 - -0.9 - - - 12/31/2024
Name
12/31/2024
Fund Name Ticker 1MO 3MO 6 Month YTD 1YR Since Inception (Cumulative) 3 Year 5 Year Since Inception (Annualized) Date
FIRS NAV -2.95 - - -1.15 - -1.15 - - - 12/31/2024
FIRS MKT -3.03 - - -0.9 - -0.9 - - - 12/31/2024

The performance data quoted above 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 above.

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 historical returns. Returns beyond 1 year are annualized.

A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.

Top 10 Holdings

Name
01/23/2025
Date Account StockTicker Name CUSIP Shares Price Market Value Weightings NetAssets SharesOutstanding CreationUnits MoneyMarketFlag
01/23/2025 FIRS BAB Invesco Taxable Municipal Bond 46138G805 1,341 26.14 35,053.74 3.84 912,433 45,000 9
01/23/2025 FIRS BTGD STKD Bitcoin & Gold ETF 88636R834 2,466 30.75 75,829.50 8.31 912,433 45,000 9
01/23/2025 FIRS DARP Grizzle Growth ETF 88636J857 828 35.53 29,418.01 3.22 912,433 45,000 9
01/23/2025 FIRS FGXXX First American Government Obligations Fund 12/01/2031 31846V336 3,494 100.00 3,494.57 0.38 912,433 45,000 9 Y
01/23/2025 FIRS FIAX Nicholas Fixed Income Alternative ETF 88634T535 2,088 19.16 40,005.45 4.38 912,433 45,000 9
01/23/2025 FIRS GLDM SPDR Gold MiniShares Trust 98149E303 1,233 54.62 67,346.46 7.38 912,433 45,000 9
01/23/2025 FIRS GRNY Fundstrat Granny Shots US Large Cap ETF 886364231 1,291 21.25 27,433.75 3.01 912,433 45,000 9
01/23/2025 FIRS GVLU Gotham 1000 Value ETF 886364520 1,800 24.49 44,080.38 4.83 912,433 45,000 9
01/23/2025 FIRS HAUS Residential REIT ETF 886364587 2,295 18.17 41,700.15 4.57 912,433 45,000 9
01/23/2025 FIRS MAGG Madison Aggregate Bond ETF 557441300 4,437 20.08 89,086.09 9.76 912,433 45,000 9
01/23/2025 FIRS MFUT Cambria Chesapeake Pure Trend ETF 88636J337 3,240 16.58 53,731.84 5.89 912,433 45,000 9
01/23/2025 FIRS MSTI Madison Short-Term Strategic Income ETF 557441201 4,392 20.38 89,526.53 9.81 912,433 45,000 9
01/23/2025 FIRS MYLD Cambria Micro and SmallCap Shareholder Yield ETF 132061797 981 26.54 26,035.54 2.85 912,433 45,000 9
01/23/2025 FIRS SFY Sofi Select 500 ETF 886364173 909 113.94 103,571.46 11.35 912,433 45,000 9
01/23/2025 FIRS SPAX Robinson Alternative Yield Pre-Merger SPAC ETF 886364678 4,437 20.05 88,961.85 9.75 912,433 45,000 9
01/23/2025 FIRS TAIL Cambria Tail Risk ETF 132061862 3,159 11.00 34,749.00 3.81 912,433 45,000 9
01/23/2025 FIRS VETZ Academy Veteran Impact ETF 886364389 3,168 19.66 62,282.88 6.83 912,433 45,000 9
01/23/2025 FIRS Cash&Other Cash & Other Cash&Other 126 1.00 126.71 0.01 912,433 45,000 9 Y
Download All Holdings

Holdings are subject to change and risk.

Invest

Investors should consider the investment objectives, risks, charges, and expenses of the ETF carefully before investing. For copies of our prospectus or summary prospectus, which contain this and other information, visit us online at www.fire-etfs.com or call (855) 514-2777. Please read the prospectus and/or summary prospectus carefully before investing. Investing in securities involves risk and there is no guarantee of principal.

Shares of the ETF may be bought or sold throughout the day at their market price on the exchange on which they are listed. The market price of an ETF’s shares may be at, above or below the ETF’s net asset value (“NAV”) and will fluctuate with changes in the NAV as well as supply and demand in the market for the shares. Shares of the ETF may only be redeemed directly with the ETF at NAV by Authorized Participants, in very large creation units. There can be no guarantee that an active trading market for the Fund’s shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling the Fund’s shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.

ETFs: ETFs that the Fund may invest in are subject to market, economic and business risks that may cause their prices to fluctuate. Shareholders will pay higher expenses than would be the case if making direct investments in the underlying ETFs. Because the Fund invests in ETFs, it is subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a discount to its net asset value (”NAV”), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares.

AUM: Assets under management (AUM) is the market value of the investments managed by a person or entity on behalf of clients. AUM is used in conjunction with management performance and management experience when evaluating a company.

SMA: A separately managed account (SMA) is a portfolio of securities that is managed by a professional investment firm for a single investor. SMAs are designed to be customized to meet the specific needs of the investor, and can include stocks, bonds, and other securities.

Inflation Risk: Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

Market Risk: The market value of the portfolio’s holdings rise and fall from day to day, so investments may lose value.

New Fund Risk: The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

Non-Diversification Risk: As a non-diversified fund, the Fund may invest a larger portion of its assets in the securities of one or a few issuers than a diversified fund. A non-diversified fund’s investment in fewer issuers may result in the fund’s shares being more sensitive to the economic results of those issuers. An investment in the Fund could fluctuate in value more than an investment in a diversified fund.

* As of 11/30/2024, Mike Venuto manages a total of 236 accounts, including 60 registered investment companies and 176 other accounts. The AUM for the 60 registered investment companies is $8.2 billion, and the AUM for the Other accounts is $43 million.

** As of 11/30/2024, Dan Weiskopf manages a total of 33 accounts, including 5 registered investment companies and 28 other accounts. The AUM for the 5 registered investment companies is $1.2 billion, and the AUM for the Other accounts is $14 million.

Distributed by Foreside Fund Services, LLC. Foreside is not related to Investment Adviser, Tidal Investments, LLC.

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