THOR CONSERVATIVE RISK DYNAMIC ETF (USD) THCR.US

The THOR Conservative Risk Dynamic ETF is an actively managed, multi-strategy fund that seeks capital appreciation via a risk-first allocation framework. It does not track a specific index but operates under a mandate to dynamically allocate across a broad universe of asset-types using proprietary optimization.

The sub-adviser, Ai Alpha LLC, employs a model called Darwin to evaluate hypothetical portfolio allocations with emphasis on portfolio risk - particularly volatility - rather than simply returns. The fund invests in equities (including individual stocks), exchange-traded funds, leveraged ETFs, commodities (including gold), fixed income, and alternative assets, and may gain indirect exposure to cryptocurrencies through exchange-traded products.

It is designed to target an annualized standard deviation of about 5% in its allocation process, which is a lower volatility reference compared with more aggressive peers. To preserve capital in adverse conditions, the fund has the flexibility to move entirely into high-quality short-term debt securities and money market instruments.

The issuer is THOR Financial Technologies, LLC (doing business as THOR), with Ai Alpha LLC serving as sub-adviser. The fund is structured as an exchange-traded fund registered under the U.S. 1940 Act.

The investment approach is rules-based and adaptive, allowing strategy sleeves (e.g. trend, momentum, risk-parity, mean reversion) to compete for capital, with discretionary adjustments for liquidity, transaction costs, diversification, and regulatory or risk constraints.