Siren ETFs finalizing acquisition three Reality Shares

Siren finalizing acquisition of three Reality Shares ETFs

LEAD - Siren DIVCON Leaders Dividend ETF

Siren DIVCON Leaders Dividend Index

DFND - Siren DIVCON Dividend Defender ETF

Active

BLCN - Siren Nasdaq NexGen Economy ETF

Siren NASDAQ Blockchain Economy Index

Existing Siren ETF
SPQQ - Siren Large Cap Blend Index ETF

Siren Large Cap Blend Index

Investment Adviser: SRN Advisors, LLC

QRAFT on a roll: 4th actively-managed ETF listing this week

QRAFT AI-Enhanced U.S. Next Value ETF
Ticker: NVQ
Exchange: NYSE Arca

Expense ratio: 0.75%

Qraft is a South Korea-based provider of artificial intelligence investment systems and currently offers services to various financial institutions in Korea.

CUSIP: 30151E673

Effective date: November 20, 2020
Listing Date: Week of November 23, 2020

Strategy

Universe: US companies with more than $1B market cap

Uses AI to come up with 100 stocks based on scoring of companies' based on combination of intangible assets and conventional value metrics.

Prospectus is here.

Other QRAFT ETFs:
QRAFT AI-Enhanced US Large Cap ETF (QRFT)
QRAFT AI-Enhanced US Large Cap Momentum ETF (AMOM)
QRAFT AI-Enhanced U.S. High Dividend ETF (HDIV)

Roundhill Investments on a roll: New actively-managed ETF filed!

Roundhill Streaming Services & Technology ETF

Effective Date: February 3, 2021

Prospectus is here.

Strategy: Invests in all capitalization global companies with business activities in:

• offering video, audio, gaming services over internet
• operating website or application deriving primary revenue from streaming multi-media
• providing streaming analytics and market research
• manufacturing equipment and devices with applications in live streaming
• may also invest in recently IPO'd companies and SPACs

Other Roundhill ETFs:
BETZ - Roundhill Sports Betting & iGaming ETF

NERD - Roundhill BITKRAFT Esports & Digital Entertainment ETF

DEEP - Roundhill Acquirers Deep Value ETF

*DEEP recently changed tickers and other stuff. See my earlier blog post on this.

SPDR goes rogue: New actively-managed ETF filed

SPDR Nuveen Municipal Bond ETF

SPDR files for actively-managed municipal bond ETF, ditching complementing the three index products they have listed already.

Effective date: February 3, 2021

SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB)

SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI)

SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM)

New ETF listed: (MOON) Direxion Moonshot Innovators ETF

Direxion Moonshot Innovators ETF

Ticker: MOON
Exchange: NYSE Arca
Listing Date: November 12, 2020

Expense ratio: 0.65%
CUSIP: 25460G732

Index: S&P Kensho Moonshots Index
No. of Constituents: 50

• Universe: S&P Kensho New Economy index constituents or GICS Wireless Telecomm or Internet Services & Infrastructure sub-industries
• Min float market cap: $100 M
• 3 month ave daily trading vol: $1M
• Equal-weighted
• Reconstitution: annual
• Rebalance: semi-annual

Selection of 50 constituents based on combined highest score on innovation sentiment and allocation to innovation score:

• Innovation sentiment score: Natural language analysis of company's latest annual report looking for words related to innovation (!?) to find companies that use a greater than average variety of innovation terms.
• Allocation to innovation score: Ratio of R&D expenses to revenue compared to other companies in same GICS industry group.

Adviser: Rafferty Asset Management, LLC
Sub-Adviser: N/A

Prospectus is here.

Amplify to list ETF on Monday, November 23, 2020 - NYSE arca: LEND

Amplify CrowdBureau® Online Lending and Digital Banking ETF

Ticker: LEND

Expense ratio: 0.65%

Exchange: NYSE Arca

CUSIP: 32108862

Index: CrowdBureau® P2P Online Lending and Digital Banking Index

Adviser: Amplify Investments LLC

Sub-Adviser: Penserra Capital Management LLC

Prospectus is here.

Summary prospectus is here.

CrowdBureau® P2P Online Lending and Digital Banking Index

Seeks to track the performance of companies included within the peer-to-peer securities based crowdfunding and digital lending ecosystem. The Index is owned, developed and maintained by CrowdBureau Corporation.

Index eligibility is also restricted to companies included within the peer-to-peer securities based crowdfunding and digital lending ecosystem, as determined by CrowdBureau. 

On a quarterly basis, CrowdBureau evaluates the business operations of companies that have equity securities listed and traded on a nationally recognized securities exchange in the United States to determine whether such business operations fall into one of the two segments which comprise of four categories that make up the peer-to-peer securities based crowdfunding and digital lending ecosystem based upon data available from public sources.

Companies are assigned to one of the two segments, namely, Peer-to-Peer Marketplace Lending and Digital Banking Platforms and Providers of Software Solutions that make up peer-to-peer securities based crowdfunding and digital lending ecosystem set forth below.

·Peer-to-Peer Marketplace/Online Lenders. Companies that derive at least 50% of their revenue from the operation of loan-based crowdfunding platforms on which individuals and institutions may lend to individuals or businesses seeking loans and other credit-based offerings.

·Financial Institutions Offering a Digital Banking Platform. Companies that offer dedicated peer-to-peer lending and/or digital banking in the form of a separate business line or cost unit within a larger financial services franchise. The Index selects up to ten companies from this category. To be included within this category, the Index begins with all US registered bank. From that universe, the thirty largest banks by assets are selected. From that group, the banks that have a dedicated digital banking platform (as defined by CrowdBureau) are identified. Of these banks, those banks with no branches are include in the Index. Of the remaining banks, those that derive 50% or more of their revenue from digital banking are also included in the Index. If ten banks have not been identified by the previous process, the remaining banks are then compared based on a scoring system which ranks the banks by adding their digital deposits, mobile users and registered digital users. The banks with the highest rankings are selected to complete the group of ten constituents.

·Social Networking Platforms. Companies operating social network platforms that enable individuals to lend or borrow without a bank serving as intermediary. This includes mobile banking, cash advances, remittances, and/or other forms of credit as part of a commerce ecosystem to support buyers, sellers or other customer groups.

·Providers of Technology and Software Solutions. Companies that derive their annual revenues from technologies, software solutions or data analytics intended to evaluate, underwrite, fund, provide financing and payment services that facilitate access to and extension of credit so as to enable and facilitate the operations of peer-to-peer lending and equity crowdfunding platforms.

 

KraneShares to list ValueLine (?) ETF on Monday, Nov. 23, 2020

KFA Value Line® Dynamic Core Equity Index ETF

UPDATE: LISTED ON TUESDAY, NOVEMBER 24, 2020

Ticker: KVLE

Exchange: NYSE Arca

CUSIP: 500767645

Expense ratio: 0.56%

Index: Value Line® Dynamic Core Equity Index

Adviser: Krane Funds Advisors, LLC

Sub-Adviser: Lee Capital Management, LP

Prospectus is here.

Value Line® Dynamic Core Equity Index

The Underlying Index begins with the universe of stocks that Value Line® ranks. All companies with an equity market capitalization of less than $1 billion, registered investment companies, limited partnerships and foreign securities not listed in the U.S. are eliminated from this universe.

From this investable universe, the Underlying Index establishes:

(1) a dividend target, which is the trailing 12-month dividend yield of stocks in the 25th percentile of yield in this universe; and 

(2) a beta target of 0.8 to 1 versus the S&P 500 Index based on forecasting models. Beta is a measure of the expected return of the Underlying Index relative to market movements.

Each company in the investable universe is assigned a score based on its Safety™ Rank and Timeliness™ Rank with companies with Rank 1 receiving a higher score than companies with Rank 2.

The Underlying Index then optimizes the weighting of companies using the score assigned to them to maximize the overall score for the Underlying Index taking into account the dividend target and the beta target. 

At each rebalancing, the Underlying Index seeks a yield that will be no less than the dividend target and a beta within 0.03 of the beta target. 

The weighting of a company can be zero and no individual company will be weighted more than 1.5% greater than its weighting in the broad-based large cap equity index. The Underlying Index is rebalanced during the first full week of each calendar month.

 

As of August 31, 2020, the Underlying Index included 68 securities of companies with a market capitalization range of approximately $2.2 to $2,206 billion and had an average market capitalization of approximately $140 billion.

The Underlying Index is rebalanced monthly.

 

To the extent the Underlying Index is concentrated in a particular industry, the Fund is expected to be concentrated in that industry. As of August 31, 2020, issuers in the Financials sector (18.5%) and Healthcare sector (17.8%) each represented a significant portion of the Underlying Index.

 

The Underlying Index was launched on June 15, 2009 with a base date of December 7, 2009 and a base value of 1000. The Underlying Index is rebalanced monthly and reconstituted monthly.

 

The Underlying Index is provided by Fuzzy Logix, Inc. (doing business as “FastINDX”) (“Index Provider”). The Index Provider is not affiliated with the Fund or Krane. The Index Provider determines the components and the relative weightings of the component securities in the Underlying Index. Additional information about the Underlying Index is available on the Index Provider’s website, www.valueline.com.

SmartETFs ready to launch new ETF next Thursday, November 26, 2020

SmartETFs Advertising & Marketing Technology ETF

Ticker: MRAD
Exchange: NYSE Arca

CUSIP: 402031868

Expense ratio: 0.68%

Prospectus is here (effective date November 24, 2020)

Index: N/A - Actively-managed

Investment Objective: Long-term capital appreciation.
 

Target Number of Holdings: 30 stocks of approximately equal weight (range of 25-75 stocks)

Minimum market capitalization: USD$500 [sic]

Geography: Global

Investment Strategy:

Invests in companies that develop, produce, or distribute advertising, and marketing products and services, especially in ways that are related to digital media or make advertising or marketing more tailored or efficient. The Adviser views Advertising and Marketing Technology as thematic concepts, not industry sectors.

MRAD is a thematic fund that looks for investment opportunities in a limited group of publicly traded companies that are involved in the development, production, adoption or deployment of products or services that are advertising or marketing technology related, or increase marketing, sales or customer support efficiency or enhance the customer experience (which is a form of marketing service). It will focus its investments on Advertising and Marketing Technology companies, and this can include companies that offer or operate the following types of businesses or services: 

• Publishers that offer advertising with their content (whether print or digital), or generate advertising revenue
• Public relations agencies
• Broadcasters
• Ad placement platforms or exchanges
• Websites
• Creative development or production companies
• Networks
• Customer relations management platforms
• Advertising agencies
• Web-based marketing or email services
 
MRAD can also invest in companies that operate or manage new media platforms on which advertising is deployed or that are used by marketing technology companies. This could include companies that deliver advertising in connection through non-traditional media including gaming, entertainment or streaming services.

Twitter: @ETFhearsay

ETF plumbing shennanigans: KNG to transfer from ETF Series Solutions Trust to First Trust ETF Trust IV

Effective date: Feb. 1, 2021

Ticker to remain unchanged: KNG

*I see what you did there. KNG for "Aristocrats". Ah, very smart and punny.. Haha.

https://www.cboevest.com/

Old name: Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF 
Old CUSIP: 26922A537

New Name: FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 
New CUSIP: TBD

Dimensional files for 6 new actively-managed tax-managed ETFs: effective date Feb. 1, 2021

DFA buys and sells securities for the Portfolio with the goals of: (i) delaying and minimizing the realization of net capital gains (e.g., selling stocks with capital losses to offset gains, realized or anticipated); and (ii) maximizing the extent to which any realized net capital gains are long-term in nature (i.e., taxable at lower capital gains tax rates).

Dimensional U.S. Targeted Value ETF (DFAT)

Expense ratio: 0.33%

Dimensional U.S. Equity ETF (DFUS)

Expense ratio: 0.11%

Dimensional U.S. Core Equity 2 ETF (DFAC)

Expense ratio: 0.19%

Dimensional International Value ETF DFIV)

Expense ratio: 0.35%

Dimensional World ex U.S. Core Equity 2 ETF (DFAX)

Expense ratio: 0.31%

Dimensional U.S. Small Cap ETF (DFAS)

Expense ratio: 0.33%

Preliminary prospectus is here.

Two ETFs to list Wednesday: TrimTabs "Cash Flow is King" + Downside Protection!

TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV)

Index: TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index
Expense ratio: 0.69%

Investment Strategy: Index tracks US companies with strong free cash flow and strong R&D investment. However, index will switch to 50% short-term treasury ETFs according to proprietary index calculations.

TrimTabs Donoghue Forlines Tactical High Yield ETF (DFHY)

Index: TrimTabs Donoghue Forlines Tactical High Yield Index
Expense ratio: 0.95%

Investment Strategy: Index tracks High Yield Bond ETFs, but will switch to 80% intermediate-term ETFs according to proprietary index calculations.

Investment Adviser:

TrimTabs Asset Management

"Free Cash Flow is King: The TrimTabs Approach
Seeking alpha through active quantamental investing"

TrimTabs gets its name from Buckminster Fuller, the American systems theorist and visionary who employed an aeronautical term to deliver the message that small adaptations can make big changes.

Sub-adviser:
W.E. Donoghue is now Donoghue Forlines
"Active management for active times."

Prospectus is here.

Extract from filed prospectus:

DFNV

The Underlying Index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (“R&D”) investment.

To pursue its investment objective, the Fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the Underlying Index. The Underlying Index is sponsored and maintained by TTAM, LLC (the "Index Provider"), an affiliate of TrimTabs Asset Management, LLC, the Fund’s investment adviser (the “Adviser”). The Underlying Index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (“R&D”) investment.

To be eligible for inclusion in the Underlying Index, an equity security must: (i) be a U.S. listed common stock; (ii) have a minimum total market capitalization larger than the 97th percentile of the cumulative market capitalization of all U.S.-listed companies; (iii) have an average monthly trading volume of greater than $75 million over the last six months; and (iv) have been issued by a company that has reported over the past 12 months certain characteristics of its expenses, including free cash flow and positive R&D expense.

Each security eligible for inclusion is then scored based on the following components of the company issuing the security (the “FCF Innovation Score”), which is intended to be representative of a company’s free cash flow and innovation: (i) quality of earnings (i.e., a metric that determines the proportion of income attributable to the cash flow activities of a company); (ii) profits generated from R&D; (iii) degree of R&D investment relative to total assets; (iv) assets turnover; and (v) financial leverage. Only companies with an FCF Innovation Score within the top 25% of all eligible securities are candidates for inclusion in the Underlying Index. A target weighting is then assigned to each security based on a combination of its FCF Innovation Score and free-float market capitalization. Companies are then ranked based on their target weighting and sequentially included in the Underlying Index until either 120 securities have been included or 90% of the cumulative security weight has been included, whichever occurs first. These securities comprise the “Equity Portfolio” of the Underlying Index.

The Underlying Index utilizes a proprietary, rules-based methodology that employs a downside protection model that is intended to manage risk in the Equity Portfolio during certain bear market environments. The downside protection model will provide either a “buy signal” or a “sell signal,” which are used to determine whether the Underlying Index will be in a bullish (i.e., fully invested long position) or defensive posture, respectively. When a “buy signal” is triggered, the Underlying Index will be comprised entirely of the Equity Portfolio. When a “sell signal” is triggered, the Underlying Index will eliminate 50% of the Equity Portfolio allocations in exchange for exchange-traded funds that invest primarily in short-term U.S. Treasury securities and/or other cash equivalents (“Short-Term Treasury ETFs”). The downside protection model will provide buy or sell signals on a daily basis. Sell signals are typically only triggered during prolonged bear markets and downside protection will not be provided during all declining or bear market environments.

To be eligible for inclusion in the Underlying Index, a Short-Term Treasury ETF must: (i) be U.S. listed; (ii) invest primarily in short-term U.S. Treasury securities (i.e., those with durations typically between 1 and 3.5 years) and/or other cash equivalents; (iii) have more than $1 billion in assets under management ("AUM"); (iv) have an expense ratio of 0.15% or less; and (v) have an investment process that excludes factors, hedges and long/short strategies. Eligible Short-Term Treasury ETFs are weighted and ranked based on their expenses (lower expenses increase weighting) and AUM (greater AUM increases weighting). These securities comprise the "U.S. Treasury Portfolio" of the Underlying Index.

DFHY

The Underlying Index is sponsored and maintained by TTAM, LLC (the "Index Provider"), an affiliate of TrimTabs Asset Management, LLC, the Fund's investment adviser (the "Adviser"). The Underlying Index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to exchange-traded funds (“ETFs”) that investment primarily in high yield debt instruments (also known as “junk bonds”) (“High Yield Bond ETFs”).

To be eligible for inclusion in the Underlying Index, a High Yield Bond ETF must: (i) be U.S. listed; (ii) invest primarily in U.S. high yield debt instruments; (iii) have more than $1 billion in assets under management (“AUM”); (iv) have an expense ratio of less than 0.50%; and (v) have an investment process that excludes factors, hedges and long/short strategies. Eligible High Yield Bond ETFs are weighted based on their expenses (lower expenses increase weighting) and AUM (greater AUM increases weighting). These securities comprise the “High Yield Bond Portfolio” of the Underlying Index.

The types of high yield debt instruments in which a High Yield Bond ETF may invest include corporate bonds or other bonds or debt instruments that are generally rated below investment grade, which are those rated lower than Baa3 by Moody’s Investors Service, Inc. (“Moody’s”) or lower than BBB- by S&P Global Ratings ("S&P"). High Yield Bond ETFs may invest up to 100% of their respective assets in instruments generally rated below Caa3 by Moody’s or CCC- by S&P.

The Underlying Index utilizes a proprietary, rules-based methodology that employs a tactical overlay that is intended to provide downside protection to the High Yield Bond ETF allocations. The tactical overly will provide either a “buy signal” or a “sell signal,” which are used to determine whether the Underlying Index will be in a bullish (i.e., fully invested long position) or defensive posture, respectively. When a “buy signal” is triggered, the Underlying Index will be comprised entirely of High Yield Bond ETFs. When a “sell signal” is triggered, the Underlying Index will eliminate 80% of its High Yield Bond ETF allocations in exchange for ETFs that invest primarily in intermediate-term U.S. Treasury securities and/or other cash equivalents (“Intermediate-Term Treasury ETFs”). The tactical overlay will provide buy or sell signals on a daily basis.

To be eligible for inclusion in the Underlying Index, an Intermediate-Term Treasury ETF must: (i) be U.S. listed; (ii) invest primarily in intermediate-term U.S. Treasury securities (i.e., those with durations typically between 3.5 and 6 years) and/or other cash equivalents; (iii) have more than $1 billion in AUM; (iv) have an expense ratio of 0.15% or less; and (v) have an investment process that excludes factors, hedges and long/short strategies. Eligible Intermediate-Term Treasury ETFs are weighted and ranked based on their expenses (lower expenses increase weighting) and AUM (greater AUM increases weighting). These securities comprise the “U.S. Treasury Portfolio” of the Underlying Index.

Allocations to High Yield Bond Portfolio are rebalanced quarterly and reconstituted annually. The composition of the U.S. Treasury Portfolio is also rebalanced quarterly and reconstituted annually. The Fund is generally rebalanced and reconstituted in accordance with the Underlying Index. Allocations implemented pursuant to the tactical overlay are determined at the close of trading on each business day, based on the signal triggered, and become effective at the close of trading on the following business day. The Fund will generally implement tactical overlay allocations in accordance with the Underlying Index.

The Fund can use derivative instruments, including exchange-traded futures contracts, to gain exposure to component securities of the Underlying Index.

New ETF sponsor to list Pro-Life and 2nd Amendment ETFs this week

2ndVote Life Neutral Plus ETF (CBOE: LYFE)

CUSIP: 81386P108

Expense ratio: 0.75%

Prospectus is here.

2ndVote Society Defended ETF (CBOE: EGIS)

CUSIP: 81386P306

Expense ratio: 0.75%

Prospectus is here.

Adviser: 2nd Vote Advisers LLC (2V)

"Go beyond the ballot"

"Join our effort in exposing corporations and organizations that are funding liberal advocacy."

Sub-adviser:  Laffer Tengler Investments, Inc. (LTI)

**********************************************************

Investment Strategies

In summary, two-step process of proprietary scoring developed by 2ndVote, scoring US companies based on their pro-life activism or 2nd amendment activism, top down and bottom up analysis by LTI.

2ndVote Scale:

1. Liberal
Demonstrates strong or direct monetary and/or advocacy support for liberal values and organizations.

2. Lean Liberal
Demonstrates moderate or indirect monetary and/or advocacy support for liberal values and organizations.

3. Neutral
Absence of any social/political advocacy or monetary support, or otherwise no information was found.

4. Lean Conservative
Demonstrates moderate or indirect monetary and/or advocacy support for conservative values and organizations.

5. Conservative
Demonstrates strong or direct monetary and/or advocacy support for conservative values and organizations

2ndVote Life Neutral Plus ETF (CBOE: LYFE)

1. US companies with market capitalization greater than $2Billion

2. 2V's Life Score greater than 3 (out of 5)

3. Relative Dividend Yield screen (vs S&P500)

4. Relative Price to Sales Ratio screen (vs S&P500)

5. LTI proprietary research process, qualitative and quantitative screens: 

Qualitative Factors:

• Catalyst for Outperformance
• Franchise Value & Market Growth
• Top Management/Board of Directors

Quantitative Factors:

• Sales/Revenue Growth
• Operating Margins
• Relative P/E
• Positive Free Cash Flow
• Dividend Coverage/Growth
• Asset Turnover Ratio
• Use of Cash (buyback, debt, dividend)
• Leverage
• Financial Risk

2ndVote Society Defended ETF (CBOE: EGIS)

1. US companies with market capitalization greater than $2Billion

2. 2V's 2nd Amendment Score greater than 3 (out of 5)

3. Relative Dividend Yield screen (vs S&P500)

4. Relative Price to Sales Ratio screen (vs S&P500)

5. LTI proprietary research process, qualitative and quantitative screens: 

Qualitative Factors:

• Catalyst for Outperformance
• Franchise Value & Market Growth
• Top Management/Board of Directors

Quantitative Factors:

• Sales/Revenue Growth
• Operating Margins
• Relative P/E
• Positive Free Cash Flow
• Dividend Coverage/Growth
• Asset Turnover Ratio
• Use of Cash (buyback, debt, dividend)
• Leverage
• Financial Risk

New ETF sponsor: Humankind Investments

Humankind US Stock ETF

Index: Humankind US Equity Index
Ticker: N/A
Expense Ratio: N/A

Investment Rationale:

Through its utilization of a “humankind value,” the Index is designed to help investors align their investment portfolios with their values by including companies based on their positive impact on humankind.

Investment Adviser: Humankind Investments, LLC

Founder & CEO: James Katz

Index: Humankind US Equity Index

Index universe: US-domiciled stocks excluding business development companies and private equity companies. Minimum market capitalization: $500M, $1M ADV

Weighting: Humankind value. Individual constituents capped at 4% max.

Number of constituents: 1,000

Index replication: representative sampling

Summary of Index

Index methodology is not fully developed yet. So far: 1,000 US-domiciled listed companies will be selected for the index by an assigned proprietary "Humankind Value". This value calculation is based on:

• Investor Value
• Consumer Value
• Employee Value
• Societal Value

Further adjustments are made according to supply chain relationships and cross-holdings.

Specific Factors Considered

A list of examples of specific factors considered in conjunction with the above four categories of value include: food production and distribution; water and sanitation access; healthcare benefits; greenhouse gas emissions; free digital services; air pollution; tobacco; alcohol production; breastmilk substitute production; firearms manufacturing; consumer data harvesting; discrimination; food addiction; for-profit healthcare; gambling; internet addition; noise pollution; nuclear power generation; opioid production; predatory lending; private prisons; plastic pollution; shelter; slave labor; travel-injuries; war; water pollution; workplace injuries; and adult entertainment.

Preliminary prospectus is here.

Relative performance of GOLD and LUMBER ETF to list early next week

ATAC US Rotation ETF

Ticker: RORO
Exchange: NYSE Arca

Expense ratio: 1.13% (!)
Effective Date: Nov. 15, 2020 (Sunday!)

CUSIP: 886364843

Index: Active, seeks total return. However, uses the ATAC RORO Index for signals. Index by MV Indices (MVIS) just launched on Nov. 11, 2020.

Strategy: Invests in ETFs following risk-on/risk-off signals from the ATAC Risk-On/Risk Off Index.

1. Weekly observation of relative price performance of gold versus lumber

2. If price performance of lumber > price performance of gold = Risk on, therefore RORO will have 130% to US small and large cap stocks via ETFs and leveraged ETFs

3. If price performance of gold > price performance of lumber = Risk off, therefore RORO will have 100% to long duration US Treasuries via ETFs

Adviser: Toroso Investments, LLC
Sub-Adviser: N/A (MVIS owns IP?)

Prospectus is here.

New ETF filed: Global X China Disruption ETF

 Global X China Disruption ETF

Effective Date: January 26, 2021

Ticker: TBD

Exchange: TBD

Expense ratio: TBD

Index: Actively-managed

Adviser: Global X Management Company LLC

Sub-Adviser: Mirae Asset Global Investments (Hong Kong) Limited

Disruptive Themes:

• Autonomous & Electric Vehicles
• Climate Change
• Cloud Computing
• Cybersecurity
• E-commerce
• Education
• FinTech
• 5G & the Internet of Things
• Healthcare Innovation
• Infrastructure Development
• Longevity
• Rising EM Consumers
• Robotics & Artificial Intelligence
• Social Media
• Video Games & Esports

Prospectus is here.

New ETF to list on Tuesday November 17, 2020: Virtus Terranova U.S. Quality Momentum ETF

Virtus Terranova U.S. Quality Momentum ETF

Ticker: JOET
Exchange: Nasdaq

Expense ratio: 0.29%

CUSIP: 92790A504

Adviser: Virtus Investment Partners

Sub-adviser: N/A

Daily holdings here.

Index: Terranova U.S. Quality Momentum Index developed by Senior Managing Director for Virtus Investment Partners Joseph Terranova, a CNBC Halftime Report Ensemble Member

Index provider: Indxx, LLC

Methodology:

1. Begin with 500 largest US securities by market capitalization

2. Rank these 500 by momentum and quality score:

• Momentum = security's tendency to exhibit persistence in its relative performance
• Quality = companies that exhibit strong fundamentals

• Momentum score based on issuer's last twelve months' total return.

• Quality score is calculated based on:

1. return on equity (net income / average shareholder equity)
2. debt to equity (total liabilities / total shareholder equity)
3. sales growth rate (annualized sales growth rate over past three years)

3. 250 securities with highest momentum score form universe of Index.

4. Each security ranked within each of the above quality factors and given composite score based on its cumulative risk.

5. 125 securities with lowest composite scores (highest composite rankings) form the components of the Index.

6. Equal weighted at each rebalance and reconstitution.

Portfolio Managers:          

• Seth Kadushin
• Matthew B. Brown

Prospectus is here.

Portfolio holdings here.

Twitter: @ETFhearsay

New ETF filed: TrueShares Low Volatility Equity Income ETF

TrueShares Low Volatility Equity Income ETF

TrueShares files for actively-managed ETF that offers lower volatility than the S&P 500 but higher dividend yield.

Effective date: January 26, 2021

Ticker: TBD

Exchange: Cboe BZX

Expense ratio: TBD

Index: Actively-managed

Sub-adviser: Titleist Asset Management, Ltd.

Strategy:

• 25-35 stocks of companies on US exchanges
• with growing dividends
• at attractive valuations to sub-adviser
• market cap greater than $8 billion, unless dividend yields are above market average
• quality screen
• sustainable competitive advantage, stable and growing cash flow
• quality management team
• capital discipline to distribute dividends

Prospectus is here.