REITs ETF filed with focus on sub-sectors strategy

Skyrocket US Durables Real Estate Owner ETF
Ticker: TBD
Exchange: TBD
Expense ratio: TBD

Original filing date: May 13, 2021
Effective date: July 27, 2021
Listing Date: TBD
CUSIP: TBD

Active: No
Index / Benchmark: 

Skyrocket US Durable Real Estate Owner Index

Index provider:

Skyrocket Investments, LLC
818 West 7th Street, Suite 415
Los Angeles, California 90017

Investment Objective:
Seeks to provide investment returns that correspond generally to the total return performance, before fees and expenses, of the Skyrocket US Durable Real Estate Owner Index.
 
Investment Strategy / Index Methodology:

Universe: US publicly-traded REITs. Excludes prison, timberland, farmland, and ground lease REITs.

10 pre-defined subsector allocations:

Residential			[12.50%]
Storage			[12.50%]
Data Center			[12.50%]
Industrial			[12.50%]
Healthcare			[10.00%]
Retail			[8.00%]
Wireless Infrastructure			[8.00%]
Office			[8.00%]
Hospitality			[8.00%]
Specialty			[8.00%]

A proprietary “Skyrocket Score” is then calculated for each company base on:

(i) consistency of dividend payments over 20 quarters

(ii) levels of dividend yield and debt to enterprise value leverage. 

(iii) For Industrial, Retail or Office subsectors: the credit rating profile of the top 20 tenants [emphasis mine] of the company.

Seven companies with the highest Skyrocket Score within each subsector are selected.

In the event that there are fewer than seven companies within a real estate subsector, all applicable companies are selected for inclusion. 

Equal-weighted within each real estate subsectors.

Constituents: 70+
 
Adviser: Skyrocket Investments, LLC
Sub-Adviser: Penserra Capital Management LLC
Portfolio Managers: TBD
Administrator: U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services
Fund accountant: U.S. Bancorp Fund Services, LLC
Transfer agent: U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services
Custodian: U.S. Bank National Association
Distributor: TBD
Legal counsel: Morgan, Lewis & Bockius LLP,
External accounting: TBD
Compliance: TBD
 
Prospectus is here.
 
Company URL: TBD

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