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.

New Actively-Managed Value ETF to list in next couple of days

Gotham Enhanced 500 ETF

Ticker: GSPY

Exchange: NYSE arca
Style: Actively-managed
Expense ratio: 0.50%

Invests in securities of issuers included in the S&P 500® Index using an “enhanced” strategy implemented by Gotham Asset Management, LLC, the Fund’s investment sub-adviser, to invest in the securities in the Index and weight those securities based on the assessment of value and each security’s weight in the Index.

Gotham seeks to capitalize on pricing inefficiencies in the market by employing a systematic, bottom-up, valuation approach based on proprietary analytical framework to identify companies included in the S&P500 that appear to be undervalued or overvalued on both an absolute and relative basis. This approach consists of:

• Researching and analyzing each company according to a methodology that emphasizes fundamentals such as recurring earnings, cash flows, capital efficiency, capital structure, and valuation;

• Identifying and excluding companies that do not conform to the valuation methodology or companies judged to have questionable financial reporting;

• Updating the analysis for earning releases, annual (Form 10-K), and quarterly (Form 10-Q) reports and other corporate filings; and

• Recording analysis in a centralized database enabling Gotham to compare companies and identify securities to purchase long based on the Gotham’s assessment of value.

Prospectus is here.

SPDR to list ESG Corporate Bond ETF this week

SPDR® Bloomberg SASB® Corporate Bond ESG Select ETF
Preliminary prospectus filed September 17, 2019

UPDATE: Listed on November 11, 2020

Expense ratio: 0.12%
Ticker: RBND
Exchange: NYSE arca
Index: Bloomberg SASB® US Corporate ESG Ex-Controversies Select Index
Prospectus is here.

Uses the SSgA Responsibility Factor Score mapping as per SASB (Sustainability Accounting Standards Board)

Index Summary: (Index launched in September 2019 with history backfilled to 2014.)

• Universe: Bloomberg Barclays US Corporate Index
• Components weighted using optimization process controlling for active total risk
• Excludes issuers that are tagged with Extreme Event Controversies, Controversial Weapons, UNGC Violations, Civilian Firearms, Thermal Coal Extraction, and Tobacco Companies.

Sector: Corporate (industrial, utility and financial institutions) issuers only

Currency: USD

Quality: Baa3/BBB-/BBB- or higher

Amount outstanding: USD300mn minimum

Maturity:

• At least one year
• Bonds that convert from fixed to floating rate will exit index one year prior to conversion. Fixed-rate perpetual bonds are not included.

Taxability:

• Only fully taxable issues.
• Dividend Received Deduction (DRD) and Qualified Dividend Income (QDI) eligible securities are excluded

Security Types Included

• Corporate bonds
• Fixed-rate bullet, putable, sinkable/amortizing and callable bonds
• Original issue zero coupon bonds
• Underwritten MTN
• Enhanced equipment trust certificates (EETC)
• Certificates of deposit
• Fixed-rate and fixed-to-float (including fixed to-variable) capital securities

Security Types Excluded

• Contingent capital securities, including traditional CoCos and contingent write-down securities with explicit capital ratio or solvency/balance sheet–based triggers
• Bonds with equity type features (e.g., warrants, convertibles, preferreds, DRD/QDI-eligible issues)
• Inflation-linked bonds, floating-rate issues
• Fixed-rate perpetuals
• Taxable and tax-exempt municipal securities
• Private placements, retail bonds
• USD25/USD50 par bonds
• Structured notes, pass-through certificates
• Illiquid securities with no available internal or third-party pricing source

First Trust files four target outcome ETFs that invest in options on ETFs

Well, that descriptive title was a mouthful.

FT Cboe Vest Growth-100 Enhanced ETF - [Month]

• Invests in FLexible EXchange® Options (“FLEX Options” ) on the QQQ
• Target outcome of 2x returns of QQQ at a calendar month in 2021 to be determined
• Prospectus is here.

FT Cboe Vest Growth-100 Quarterly Enhanced ETF

• Invests in FLexible EXchange® Options (“FLEX Options” ) on the QQQ
• Target outcome of 2x returns of QQQ at a calendar quarter in 2021 to be determined
• Prospectus is here.

FT Cboe Vest U.S. Equity Quarterly Enhanced ETF

• Invests in FLexible EXchange® Options (“FLEX Options” ) on the SPY
• Target outcome of 2x returns of SPY over period to be determined
• Prospectus is here.

FT Cboe Vest U.S. Equity Uncapped Buffer15 ETF – [Month]

• Invests in FLexible EXchange® Options (“FLEX Options” ) on the SPY
• Seeks to protect investors on first 15% of losses of SPY from reference price and date
• Prospectus is here.

https://www.sec.gov/Archives/edgar/data/1667919/000144554620005394/etf8_485a.htm

Style: Actively-managed

Effective date: Jan. 25, 2021

Exchange: Cboe BZX

Expense ratios: N/A

JP Morgan to list new ETF this week

JPMorgan BetaBuilders U.S. Small Cap Equity ETF

Ticker:     BBSC
Index: Morningstar® US Small Cap Target Market Exposure Extended Index
Expense ratio: 0.09%
Prospectus is here.

Amplify ETFs to list JGLD next week

Amplify Pure Junior Gold Miners ETF (JGLD) to list next week on NYSE arca

Index: EQM Pure Junior Gold Miners Index Expense ratio: 0.49%

Junior gold minors: 75% or more of revenues from the sale of gold or through gold royalty

Exploratory gold producers, 75% of surveyed deposits

Preliminary prospectus here:

https://www.sec.gov/Archives/edgar/data/1633061/000121390020023280/s126995_485apos.htm

New ETF shop registered on Friday: Deer Lane ETFs

First ETF filed for: 

Deer Lane Large Cap Blend ETF

iShares alumni Jennifer Grancio is President, Treasurer, Secretary, Sole Trustee, Executive, Financial and Accounting officer.

Actively-managed

Expense ratio: N/A

Custodian: BBH

Legal: SRZ

Prospectus:

https://www.sec.gov/Archives/edgar/data/1831313/000110465920122525/tm2035092d1_n1a.htm

KraneShares files for a UBS China A Shares non-ETF

KraneShares files for a regular mutual fund (actively-managed).

KraneShares-UBS China A Shares Fund

• Institutional Class
• Investor Class

Prospectus is here: https://www.sec.gov/Archives/edgar/data/1547576/000182912620000077/kraneshares-ubsfund_485apos.htm

ProShares filed four 2x inverse and leveraged ETFs today

ProShares UltraShort Nasdaq Cybersecurity

ProShares Ultra Nasdaq Cybersecurity

ProShares UltraShort Cloud Computing

ProShares Ultra Cloud Computing

Effective date: January 18, 2021

https://www.sec.gov/Archives/edgar/data/1174610/000168386320014465/f7412d1.htm

2 ETFs listing this week: Emles thematic ETFs

Emles Protective Allocation ETF (DEFN)

Expense ratio: 0.55%

Index: Emles Protective Allocation Index - designed to provide exposure to those publicly traded securities that can preserve capital and survive through a longer and more persistent economic downturn. As of September 29, 2020, there were 24 issues in the Index.

Prospectus is here.

Emles Luxury Goods ETF (LUXE)

Expense ratio: 0.60%

Index: Emles Global Luxury 50 Index - Emles Indexing LLC analyzes the eligible companies in accordance with its proprietary methodology, which uses publicly available information, such as annual reports, business descriptions, and financial news, to rate and weight the companies based on the degree to which the company, including its products or services, provides exposure to the applicable sub-theme(s) of luxury goods.

Prospectus is here.

4 New ETFs listed: Emles Thematic ETFs on Cboe BZX

Emles Federal Contractors ETF

FEDX - listed October 15, 2020

Expense ratio: 0.60%

Index: Emles Federal Contractors Index - Companies that had at least 40% revenue exposure to federal contracts with the U.S. government in the previous fiscal year (defined as ending on September 30th).  As of September 29, 2020, there were 14 issues in the Index.

Prospectus is here.

Emles Made in America ETF

AMER - listed October 16, 2020

Expense ratio: 0.49%

Index: Emles American Manufacturing Index - provide exposure to U.S. dollar-denominated equities publicly-listed by U.S. companies (and their subsidiaries) headquartered in the U.S. and focused on the production of goods within North America. As of September 29, 2020, there were 60 issues in the Index.

Prospectus is here.

Emles Real Estate Credit ETF

REC - listed October 27, 2020

Expense ratio: 0.48%

Index: Solactive U.S. Real Estate Bond Index - a market value weighted index designed to measure the performance of corporate bonds issued in the U.S. by U.S. companies (and their subsidiaries) in the real estate sector. Market-value weighted. As of September 29, 2020, there were 373 issues in the Index.

Prospectus is here.

 

Emles @Home ETF

LIV - listed October 28, 2020

Expense ratio: 0.49%

Index: Emles Home Lifestyle Index - provide exposure to the theme of home living: those that substantially focus on and significantly benefit from the trend of increased and diverse home activities.

Prospectus is here.

New ETF listed today: DEMZ

DEMZ Political Contributions ETF 
Prospectus is here.

Exchange: NASDAQ
Ticker: DEMZ
Expense ratio: 0.45%

Index
DEMZ Political Contribution Index was developed by Reflection Asset Management, LLC, the Fund’s investment adviser and index provider. The Index is a subset of the S&P 500® Index designed to provide exposure to companies that make political contributions to Democratic Party candidates and political action committees above a certain threshold.

Trust: Advisor's Inner Circle Fund III

Sub-adviser: Exchange Traded Concepts, LLC

MAGA listed in 2017.
Prospectus is here.

2 New Patriotic ETFs listing this week

VictoryShares Top Veteran Employers ETF (VTRN)
VictoryShares Defend America ETF (SHLD)

VTRN
Veterans Select Index is designed to identify companies that have demonstrated support of U.S. military veterans, service members and their families through employment opportunities and related policies. The Index is maintained exclusively by VETS Indexes LLC.

SHLD
Nasdaq Yewno Aerospace & Defense Index that are tied to the protection of national security interests of the United States. The Index is maintained exclusively by Nasdaq, Inc.

Exchange: NASDAQ
Expense ratio: 0.60%

Adviser: Victory Capital Management Inc.

https://www.vcm.com/investment-professionals/victoryshares-etfs/

New Actively-Managed Special Purpose Acquisition Companies ETF filed: Morgan Creek Exos SPAC Strategy ETF

Morgan Creek Exos SPAC Strategy ETF

Invests in U.S.-listed special purpose acquisition companies

A SPAC is a company with no commercial operations that is designed to raise capital via an initial public offering for the purpose of engaging in a merger, acquisition, reorganization, or similar business combination with one or more operating companies

Effective date: January 18, 2021

Index: Actively-managed

Expense ratio: N/A

Sub-adviser: Exos Asset Management, LLC 

Sub-adviser shares same address as The Manor Club in Pelham, New York.  The Manor Club is a not-for-profit organization of over 200 men and women who share broad interests in the arts, history, theatre, and cultural matters." ??

1023 Esplanade

Pelham, New York 10803

Adivser: Morgan Creek Capital Management, LLC

Prospectus is here.

. 

Ready for Listing: (SULR) SmartETFs Sustainable Energy II ETF goes effective

SmartETFs Sustainable Energy II ETF

Effective date: November 3, 2020
Actively-managed

Ticker: SULR

Expense ratio: 0.79%
Trust: Guinness Atkinson Funds

Advisor: Guinness Atkinson™ Asset Management, Inc.
Sub-advisor: Penserra Capital Management, LLC 

Prospectus is here.

Number of holdings: average 30 holdings (range 25-75)

The Fund expects to invest in:

• Energy companies that generate power through solar, wind, hydroelectric, tidal wave, geothermal, biomass or biofuels;
• Companies that provide the equipment and technologies that enable these types of energy to be tapped, used, stored or transported, and
• Companies that create, facilitate or improve technologies that conserve or enable more efficient use of energy.

New ETF filings: Cambria SMOX, BAIL, JAIL

Cambria Global Tobacco ETF (SMOX)

Cambria Bond Tail Risk ETF (BAIL)
Cambria Junk Tail Risk ETF (JAIL)

Actively-managed
Expense ratio: N/A

Effective date: January 18, 2021
Prospectus is here.

GDMA - ETF changes Trust from ETF Series Solutions to Alpha Architect

Gadsden Dynamic Multi-Asset ETF (GDMA) 

Switches from ETF Series Solutions to Alpha Architect ETF Trust

AUM: USD$83.47M as of Oct. 30, 2020

Expense ratio: 0.77%

Actively-managed

Original prospectus here.

Final prospectus here.

Effective Nov. 2, 2020

Inception: Nov. 14, 2018

Old CUSIP: 26922A354

New CUSIP: 02072L870

Investment adviser: Empowered Funds LLC

Top 10 holdings includes 5 ETFs and iShares SLV and SPDR GLD.

Sub-adviser: Gadsden, LLC

"Gadsden is an institutional asset management firm with an investment framework designed to combine the advice and best practices of some of the world’s most successful investors. We assembled this knowledge over decades of working with leading endowments, foundations, academics, family offices, and institutions.

Our mission is to offer our clients access to the insights, techniques, and solutions historically reserved for only the largest investors."

https://www.gadsdenfunds.com/gdma/prospectus

New ETF filed: Daily Cloud Computing Bull 2X Shares

Direxion files for Daily Cloud Computing Bull 2X Shares
Effective date January 18, 2021

The Fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of the Indxx USA Cloud Computing Index

"The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the Index’s performance increases. An investor could lose the full principal value of his/her investment within a single day."

Ticker: N/A

Expense Ratio: N/A

Dimensional Actively-managed ETFs' details finalized

November 19, 2020 UPDATE

DFAU and DFAI listed today.

DFAE listing November 25, 2020.

November 12, 2020 UPDATE

Shares registered, ready to list. Final prospectus dated November 10, 2020 is here.

Dimensional finalizes ETF details

Actively-managed:

Dimensional US Core Equity Market ETF (DFAU)

Expense Ratio: 0.12%

CUSIP: 25434V104

Dimensional International Core Equity Market ETF (DFAI)

Expense Ratio: 0.18%

CUSIP: 25434V203

Dimensional Emerging Core Equity Market ETF (DFAE)

Expense Ratio: 0.35%

CUSIP: 25434V302

Effective Date: November 5, 2020

Ready to list, but haven't registered their shares yet.

Goldman Sachs combines 5 ETFs into 1: Innovate ETF - trading to begin tomorrow (NYSE arca: GINN)

Goldman Sachs Innovate Equity ETF

*UPDATE: Trading began on Nov. 9, 2020.

Announced back on August 7, 2020, Goldman Sachs this week finalizes the combination of 5 existing ETFs into 1 ETF called the Goldman Sachs Innovate Equity ETF. Trading begins tomorrow under ticker "GINN".

Ticker: GINN

Expense Ratio: 0.50%

CUSIP: 38149W820

Index: Solactive Innovative Global Equity Index

Prospectus is here.

These 5 ETFs folded into the new one:

New Active ETF Filed: First Trust TCW Emerging Markets Debt ETF

First Trust TCW Emerging Markets Debt ETF

Effective Date: January 18, 2021

Invests in debt securities issued or guaranteed by companies, financial institutions and government entities located in emerging market countries.

An “emerging market country” is a country that, at the time the Fund invests in the related security or instrument, is classified as an emerging or developing economy by any supranational organization such as the World Bank or the United Nations.

Ticker Symbol: EFIX

Exchange: NYSE Arca

Expense Ratio: N/A

Index: N/A - Actively-managed

Benchmark: JPMorgan Emerging Markets Bond Index Global Diversified

Sub-Advisor: TCW Investment Management Company LLC