Why Invest in TTFS

• For Core Diversification - Allocating to a liquidity supply/demand focused US Core allocation can further diversify your manager risk and potentially reduce overall portfolio risk. TTFS can provide an alternative core allocation that may replace or complement market cap, fundamental, dividend or other index weighting methodologies you employ in your portfolio allocation.
• To achieve Alpha by Following the Best Informed Market Participants: The Companies Themselves - Top insiders at a firm know more about its fundamentals than the investing public. These insiders can influence the price of their employers’ shares by timing equity issuance and stock buybacks to their advantage. Supply and demand also dictates that stocks should perform best when their float is shrinking. All else being equal, if the same amount of money is chasing a smaller float, then the share price increases. TTFS’ stock selection algorithm is based on this premise.
• For a Smarter Way to Buy U.S. Equities - Most quantitative ETFs focus on easily available price, volume, and earnings data. Since data on the supply and demand for stocks is scattered across so many sources, most strategies ignore stock market liquidity. The Portfolio Manager believes that stock prices are a function of liquidity rather than value. Dollar Cost Averaging into TTFS may represent a smarter way for long term investors to gain exposure to U.S. equities.

About the Portfolio Managers

Charles Biderman – Chief Executive Officer/Portfolio Manager
After earning his MBA from Harvard Business School, Mr. Biderman began his career as Alan Abelson’s assistant at Barron’s. He founded TrimTabs Investment Research in 1990 in Santa Rosa, California. TrimTabs Investment Research originally specialized in short selling, but it gradually developed into the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity. The premise of TrimTabs Investment Research’s approach is that stock prices are a function of liquidity rather than fundamental value.

Mr. Biderman is interviewed regularly on CNBC and Bloomberg and is quoted frequently in the financial media, including Barron’s, the Wall Street Journal, Forbes, and Investor’s Business Daily. He is the author of TrimTabs Investing: Using Liquidity Theory to Beat the Stock Market (John Wiley & Sons, 2005). He holds a BA from Brooklyn College and an MBA from Harvard Business School.

Minyi Chen- Executive Vice President/Portfolio Manager
Minyi Chen is the Equity Analyst of TrimTabs Investment Research. He has been working with TrimTabs for three years and is the author of the TrimTabs Asia Flow Report. At TrimTabs, Mr. Chen tracks global fund flows in the U.S. and emerging markets. Prior to joining TrimTabs, Mr. Chen was an international finance manager at ZTE Corporation, a prominent provider of telecommunications solutions. He has extensive experience in fields of equity research and specialized in international structured trade finance through his involvement in several multi-million projects around the globe.

Born in Shanghai, China, Mr. Chen holds a B.A. from Shanghai International Studies University in China and a M.B.A from Northwestern Polytechnic University in California. He is a Level 3 CFA Candidate. Mr. Chen speaks English and Mandarin Chinese.