Tuesday, August 31, 2021

ARK files for new ETF tracking Transparency Index

Name: ARK Transparency ETF
Ticker: TBD
Exchange: TBD

Expense ratio: 0.00%
Original filing date: August 31, 2021
Effective date: November 15, 2021
Listing Date: TBD

CUSIP: TBD

Active: No
Index: Transparency Index
Constituents: 100
 
Adviser: ARK Investment Management LLC
Administrator: The Bank of New York Mellon
Fund accountant: TBD
Transfer agent: The Bank of New York Mellon
Custodian: The Bank of New York Mellon
Distributor: Foreside Fund Services, LLC
Legal counsel: Dechert, LLP
External accounting: TBD
Compliance: TBD
 
Prospectus is here.
 
Company URL: https://ark-invest.com/

 
Portfolio Managers: Cathie Wood


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SPDR updates strategy for $ULST : going junkier

SPDR SSGA Ultra Short Term Bond ETF (ULST)

Changes effective: October 31, 2021
  • Minimum grade for eligible bonds from A to BBB- (S&P); and from A3 to Baa3 (Moody's)
  • Allow up to 10% in junk bonds
  • Duration increase from 3-9 mos to <1yr
  • Maturity increase from 6-18 mos to <2.5yrs
  • Allow use of derivatives to manage fund duration, maturity, quality

Prospectus:
https://sec.gov/Archives/edgar/data/1516212/000119312521257542/d198453d485apos.htm




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New "passively active" ETF filed

It was inevitable: an active fund that declares it will hold similar components of an index.

Name: Wahed Dow Jones Islamic World ETF

Ticker: UMMA
Exchange: NASDAQ
Expense ratio: TBD
Original filing date: August 30, 2021
Effective date: November 15, 2021
Listing Date: TBD

CUSIP: TBD

Active: Yes

Index / Benchmark: Dow Jones Islamic International Titans 100 Index
Best of both worlds: securities research and selection outsourced, but discretionary control and flexibility in managing fund. 

Ticker is possible reference to "𝘜𝘮𝘮𝘢𝘩", commonly used to refer to the collective community of Islamic peoples.
https://en.wikipedia.org/wiki/Ummah


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ARK files for new ETF tracking Transparency Index

Name :  ARK Transparency ETF Ticker :   TBD Exchange :   TBD Expense ratio : 0.00% Original filing date : August 31, 2021 Effective date : N...