iBET Sports and Gaming ETF
Ticker:
Exchange: TBD
Expense ratio:
Original filing date: April 2, 2021
Effective date: June 16, 2021
Listing Date: TBD
CUSIP:
Active: Yes
Index / Benchmark: Not Applicable
Investment Objective:
Seeks capital
appreciation.
Investment Strategy / Index
Methodology:
Companies (US? GLOBAL?) in the following sub-industries of GICS:
- Casinos & Gaming
- Movies & Entertainment
- Interactive Home Entertainment
Within those sub-industries:
- Identify companies in business of betting, sports, sports entertainment, and iGaming.
- Identify companies with major holdings in casinos, racetracks, sports betting operations, sports technologies.
Classify each company as:
- Pure-Play
- Core
- Non-Core
Constituents: Undisclosed
Adviser: Inherent Wealth Fund
LLC
Sub-Adviser: Not applicable
Portfolio Manager: Jeffrey Kamys (has a history with fantasy sports)
Administrator: U.S. Bancorp Fund Services, LLC
Fund accountant: U.S. Bancorp Fund Services, LLC
Custodian: U.S. Bank National
Association
Distributor: Quasar Distributors,
LLC
Legal counsel: Morgan, Lewis & Bockius, LLP
External accounting: TBD
Prospectus is here.
- LinkedIn: Henry Jim
- henry@etfhearsay.com
- Twitter: @ETFhearsay
Principal Investment Strategies
The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, securities of companies that are actively involved in the businesses of betting, sports, sports entertainment, and iGaming. Companies in the businesses of betting, sports, sports entertainment, and iGaming are those assigned to either the “Casinos & Gaming,” “Movies & Entertainment” or “Interactive Home Entertainment” sub-industries as defined by the Global Industry Classification Standard®, a widely recognized industry classification methodology developed by MSCI, Inc. and Standard & Poor’s Financial Services LLC. The Adviser then narrows down the universe of companies in these sub-industries to betting, sports, sports entertainment, and iGaming companies, as well as companies with significant casino operations, race track operations, sports and horse race betting operations, and online betting or gambling operations, and sports technologies operations. The Adviser defines sports technologies as companies investing in, developing, or operating technology and software specific to online betting and sports gambling. iGaming companies are companies in the business of online betting or gambling. The Adviser classifies companies in the businesses of betting, sports, sports entertainment, and iGaming as follows:
•Pure-Play companies are companies whose singular focus, primary business model and/or growth prospects are directly linked to the betting, sports, sports entertainment, and iGaming businesses.
•Core companies are companies with significant operations and/or growth prospects linked to the betting, sports, sports entertainment, and iGaming businesses. Such companies have other business units as their key economic drivers, and are less reliant on the growth of betting, sports, sports entertainment, and iGaming than Pure-Play companies.
•Non-Core companies are companies that derive the majority of their revenue from business lines that are not directly related to betting, sports, sports entertainment, and iGaming businesses, however, they have operations and/or growth prospects linked to the betting, sports, sports entertainment, and iGaming businesses. These Non-Core companies may have business units linked to technologies that impact the growth of iGaming, but their business model is not directly linked to the growth of the iGaming businesses.
The Adviser’s internal research and analysis leverages insights from diverse sources, including internal and external research, to develop and refine its investment themes and identify and take advantage of trends that have ramifications for individual companies or entire industries. The Adviser will use internal research and fundamental analysis to buy and sell investments for the Fund. The Fund will typically invest in listed equity securities.
The Fund is non-diversified and may invest a greater percentage of its assets in a particular issuer than a diversified fund. The Fund may invest a significant portion of its assets in the securities of companies in the “Consumer Discretionary” and “Communication Services” sectors and the “Hotels, Restaurants & Leisure” and “Entertainment” industries.
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