PlanRock Alternative Growth ETF
PRAE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1850 General George Patton Drive, Suite 205 Franklin TN United States of America 37067
- IPO Date
- Dec 19, 2023
- Website
- planrockfunds.com
- Similar Companies
- Business
- Northern Lights Fund Trust III - PlanRock Alternative Growth ETF (PRAE) is an actively managed exchange-traded fund that seeks capital growth by tactically rotating among segments of global growth and equity markets, including economic sectors and investment factors, while avoiding underperforming areas; it employs long and short positions in equities, derivatives such as futures, managed futures strategies in commodities, currencies, bonds and equities, and an equity volatility hedge via volatility index futures to achieve low correlation to broad global equity markets like the MSCI ACWI Index, targeting positive returns in both bull and bear conditions with similar or lower volatility than traditional stocks. The Fund allocates approximately $1 to a tactical equity rotation strategy and $0.75 (leveraged) to complementary alternative investments per dollar invested, serving as a potential diversifier, complement, or replacement to U.S. and foreign stock portfolios for investors seeking growth with reduced downside risk. PlanRock Alternative Growth ETF trades on the NYSE Arca under ticker PRAE with CUSIP 66538R524, a net expense ratio of 1.43% (after caps), and approximately $9.87 million in assets under management as of late 2025. Northern Lights Fund Trust III, a Delaware statutory trust organized in 2011 and headquartered at 225 Pictoria Drive, Suite 450, Cincinnati, OH, acts as the registrant and distributor for PRAE through Northern Lights Distributors, LLC (member FINRA), with no affiliation to the investment adviser. The ETF is managed by PlanRock Investment Management, LLC, a Nashville, Tennessee-based firm founded in 2020 by Stephen Hammers (CEO and CIO) with a team of experienced portfolio managers from prior roles at Compass EMP/Victory Funds; PlanRock provides outsourced due diligence, model portfolios, and CIO services focused on high-alpha strategies. The Fund targets sophisticated investors diversifying beyond conventional equities into global public markets across diversified sectors and market capitalizations, employing proprietary systematic, rules-based research for momentum-driven allocations. Launched on December 18, 2023, with trading commencing December 19 on the NYSE, PRAE represented a key strategic expansion for PlanRock Investments, alongside the simultaneous debut of its counterpart, the PlanRock Market Neutral Income ETF (PRMN), to broaden alternative investment options amid rising demand for low-correlation vehicles. No major acquisitions, funding rounds, partnerships, or reorganizations have been reported for the ETF or Trust in the last 1-2 years, though ongoing 13F filings reflect active portfolio adjustments, such as increased holdings in sector ETFs like XLF and XLC as of early 2025. The Fund maintains operations domiciled in the United States, with global investment reach unconstrained by geography.