Strategy Shares Gold-Hedged Bond ETF
Ticker: GLDB
Exchange: Cboe BZX
Expense ratio: 0.79%

Original filing date: October 9, 2020
Effective date: February 19, 2021
Listing Date: May 18, 2021
CUSIP: 86280R878
Active: No

Index / Benchmark: 
Solactive Gold-Backed Bond Index = 
Solactive USD Investment Grade Corporate Index +
Solactive Gold Front Month MD Rolling Futures Index ER
 
Investment Objective:
Seek investment results that correlate, before fees and expenses, to the performance of the Solactive Gold-Backed Bond Index
 
Investment Strategy / Index Methodology:
Invest in components of its index (USD Bonds) and enter into gold swap contract.
 
Constituents of Index: 1,600 bonds
 
Adviser: Rational Advisors, Inc., a wholly owned subsidiary of Rational Capital LLC, part of Catalyst Capital Advisors, part of AlphaCentric Advisors LLC.
Portfolio Managers: David Miller, Senior Portfolio Manager of the Advisor, and Charles Ashley, Portfolio Manager of the Advisor

Administrator: Citi Fund Services Ohio, Inc.
Fund accountant: Citi Fund Services Ohio, Inc.
Transfer agent: Citi Fund Services Ohio, Inc.
Custodian: Citibank, N.A.
Distributor: Foreside Fund Services, LLC
Legal counsel: Stradley Ronon Stevens & Young, LLP
External accounting: Cohen & Company, Ltd.

Prospectus is here.

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ENGINE NO. 1 TRANSFORM CLIMATE ETF (Actively-managed)

ENGINE NO. 1 TRANSFORM 500 ETF (Passively-managed)

Analysis

New ETF provider files their first amendment, fleshing out in more detail a couple of their initial offerings. As a new entrant, they've selected their funds carefully, including one index tracking, one actively-managed with ESG themes.

The new angle to both these funds is that the Adviser will actively participate in proxy voting to encourage ESG discipline in portfolio companies. Interesting!

I expect fixed income and global strategies to follow shortly.

This is a company to watch out for, as it is made up mostly of ex-iShares veterans, including members of the board, who successfully built out the original family of BGI iShares ETFs.

Tickers: TBD
Exchange: Cboe BZX
Expense ratio: TBD
Original filing date: November 6, 2020
Second filing date: April 23, 2021
Effective date: TBD
Listing Date: TBD
CUSIP: TBD
Active: Yes and No
Adviser: Fund Management at Engine No. 1 LLC
Portfolio Manager: Molly Landes
Administrator: Brown Brothers Harriman & Co.
Fund accountant: Brown Brothers Harriman & Co.
Transfer agent: Brown Brothers Harriman & Co.
Custodian: Brown Brothers Harriman & Co.
Distributor: Foreside Fund Services, LLC
Legal counsel: Schulte Roth & Zabel LLP
External accounting: Cohen & Company, Ltd.
Compliance: TBD

Prospectus is here.

INVESTMENT PROCESS

ENGINE NO. 1 TRANSFORM 500 ETF

Investment Objective:
Seeks investment results that closely correspond, before fees and expenses, to the performance of an index composed of large-capitalization U.S. equities.

Index / Benchmark: Morningstar US Large Cap Select Index

Index Constituents: 503

Investment Strategy / Index Methodology here.
Will track the Index, but also actively participate in proxy voting to encourage ESG discipline.





ENGINE NO. 1 TRANSFORM CLIMATE ETF (Actively-managed)

Investment Objective:
Long-term growth of capital.

Investment Strategy:

Universe: Micro, small, mid, large cap global equity securities.

Invest in companies that the Adviser thinks will meet demands of climate chnge by transitioning to more sustainable business practices.

Key criteria:

• Leadership in sustainability
• Business practices
• Business model

Analysis

• Top-down and bottom up analysis.
• Proprietary analysis instead of ESG ratings.

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ETFs in registration becoming effective next week:

Bitwise Crypto Innovators ETF (Apr 26)

T. Rowe Price U.S. Equity Research ETF (Apr 26)

Goldman Sachs Future Planet Equity ETF (Apr 28)

Principal ETFs (Apr 28)

• Principal International Adaptive Multi-Factor ETF
• Principal U.S. Large-Cap Adaptive Multi-Factor ETF
• Principal U.S. Small-Cap Adaptive Multi-Factor ETF

Transamerica ETFs (Apr 28)

• DeltaShares Morningstar ESG US Dividend ETF
• DeltaShares Morningstar ESG International Dividend ETF
• DeltaShares Morningstar ESG Emerging Markets Dividend ETF

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Innovator Equity Bond-Alternative ETF

Ticker: TBD

Exchange: TBD

Expense ratio: TBD

Original filing date: April 16, 2021

Effective date: June 30, 2021

Listing Date: TBD

CUSIP: TBD

Active: Defined outcome

Index / Benchmark: N/A

Investment Objective:

Seeks to provide investors with returns that match the return of the SPDR® S&P 500® ETF Trust, up to the upside cap of ___%, while seeking to provide a buffer against the first 15% to 20% of Underlying ETF (SPY) losses, over the period from _____, 2021 through _____, 2021.

Investment Strategy / Index Methodology:

The Fund’s strategy has been specifically designed for investors seeking an alternative to bonds for a defensive portfolio allocation

Constituents: SPY ETF and S&P 500 Index FLEX Options

 

Adviser: Innovator Capital Management, LLC

Sub-Adviser: Milliman Financial Risk Management LLC

Portfolio Managers: Robert T. Cummings, Daniel S. Hare, Yin Bhuyan

Administrator: US Bancorp Fund Services LLC

Fund accountant: US Bancorp Fund Services LLC

Transfer agent: US Bancorp Fund Services LL

Custodian: U.S. Bank, N.A.

Distributor: Foreside Fund Services, LLC

Legal counsel: Chapman and Cutler LLP

External accounting: Cohen & Company, Ltd.

Prospectus is here.

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Invesco MSCI Green Building ETF

Ticker: GBLD

Exchange: NYSE Arca

Expense ratio: 0.39%

Original filing date: February 3, 2021

Effective date: April 19, 2021

Listing Date: April 22, 2021

CUSIP: 46138G623

Active: No

 

Investment Objective:

Seeks to track the investment results of the MSCI Global Green Building Index.

Index / Benchmark: MSCI Global Green Building Index

Part of the MSCI Global Environment Indices, drawn from the universe of the MSCI ACWI IMI.

https://www.msci.com/our-solutions/indexes/index-categories/esg-indexes/global-environment-indexes

Investment Strategy / Index Methodology:

Universe / Parent Index: MSCI ACWI Investable Market Index 

Full replication of index of companies that provide exposure to the environmental theme of “green building."

Green building refers to both a structure and the application of processes that are environmentally responsible and resource-efficient throughout a building's life-cycle. Includes the design, construction, redevelopment, retrofitting, or acquisition of green-certified properties to promote mechanisms for raising capacity for effective climate change mitigation and adaptation. 

Next, the remaining eligible companies are evaluated for their level of involvement in, and strategic commitment to green building. 

Examples of such involvement or commitment include 

• (i) owning properties, facilities and buildings designed and built according to environmental or sustainable standards and certified by third parties (such as the Leadership in Energy and Environmental Design (LEED) green building certification program); 
• (ii) constructing green or sustainable properties, facilities or buildings, which may also include retrofitting or redeveloping non-certified properties to comply with green building standards; and 
• (iii) providing consultancy services that aid in the green building certification of properties, facilities, or buildings. 

Excludes the securities of companies that faced very severe controversies pertaining to ESG issues in the last three years (based on MSCI's internal ESG rating and score data) and companies involved in controversial weapons (as defined by the methodology of MSCI’s Global Ex-Controversial Weapons Indexes).

Companies that derive 50% or more of their revenue from green buildings are included.

Constituents: 73 as of March 31, 2021

 

Adviser: Invesco Capital Management LLC

Sub-Adviser: N/A

Portfolio Managers: 

• Peter Hubbard
• Michael Jeanette
• Pratik Doshi
• Tony Seisser

Administrator: The Bank of New York Mellon

Fund accountant: The Bank of New York Mellon

Transfer agent: The Bank of New York Mellon

Custodian: The Bank of New York Mellon

Distributor: Invesco Distributors, Inc.

Legal counsel: Stradley Ronon Stevens & Young, LLP

External accounting: PricewaterhouseCoopers LLP

Compliance: N/A

 

Prospectus is here.

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CG Hydrogen Age ETF

Ticker: HAGE

Exchange: TBD

Expense ratio: TBD

Original filing date: April 16, 2021

Effective date: June 30, 2021

Listing Date: TBD

CUSIP: TBD

Active: Yes

Index / Benchmark: Not Applicable

 

Investment Objective: Seeks long-term growth of capital.

Investment Strategy / Index Methodology:

Companies that will benefit from increasing hydrogen adoption in the global economy: 

• make products and offer services specifically related to hydrogen adoption, 
• implement hydrogen solutions as part of their existing operations in the pursuit of decarbonization objectives and corporate growth

UNIVERSE

• Global securities
• Limit of 10% of AUM to Emerging Market countries

PROCESS

• Identify sectors impacted by adoption of hydrogen infrastructure
• Proprietary fundamental and quantitative analysis to select 40 - 50 stocks.

Constituents: 40 - 50 stocks

Adviser: Empowered Funds, LLC

Sub-Adviser: Pacific Green Hydrogen LLC

Portfolio Managers: Roger Mortimer, Brandon Koepke

Administrator: U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services

Fund accountant: U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services

Transfer agent: U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services

Custodian: U.S. Bank National Association

Distributor: Quasar Distributors, LLC

Legal counsel: Pellegrino, LLC

External accounting: TBD

Compliance: TBD

Prospectus is here.

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Uncommon Portfolio Design Core Equity ETF

Ticker: UGCE

Exchange: NYSE Arca

Expense ratio: 0.65%

Original filing date: October 15, 2020

Effective date: December 29, 2020

Listing Date: April 16, 2021

CUSIP: 90431R209

Active: Yes

Index / Benchmark: S&P 500 Index®

 

Investment Objective: Provide capital appreciation.

 

Investment Strategy / Index Methodology:

Universe: US large and mid cap companies

Investment Process:

Blend of Value and Growth:

Value Strategy

Strong record of paying dividends and/or the ability to increase their dividend levels and are lower priced than the broader market and/or similar companies in their respective industry. 

Growth Strategy

• Portfolio with higher returns than the S&P 500 index.
• Above-average growth potential and reasonable stock prices in comparison with expected earnings.
• Leaders in their respective industries with sustainable competitive advantages

Adviser: Uncommon Investment Advisors LLC.

Sub-Adviser: Portfolio Design Advisors, Inc.

Portfolio Managers: Wes Strode, CFA | Paul Knipping, CFA

Administrator: Ultimus Fund Solutions, LLC

Fund accountant: Ultimus Fund Solutions, LLC

Transfer agent: Brown Brothers Harriman & Co.

Custodian: Brown Brothers Harriman & Co.

Distributor: Northern Lights Distributors, LLC

Legal counsel: Stradley Ronon Stevens & Young, LLP

External accounting: CohnReznick LLP

Prospectus is here.

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