Launch Date: Yet to be confirmed
Links: Website, Prospectus
Investment Strategy:
ONEF is an actively-managed ETF that is a fund of funds looking to achieve long-term capital appreciation by investing at least 80% of its assets in the shares of other ETFs. The underlying ETFs that the fund invests in can be holding companies of any size in both developed and emerging markets. There is restriction on how much of the portfolio may be invested in foreign companies. The advisor of the fund, US One Inc, will utilize an asset allocation strategy that pre-determines a target mix of investment types for the fund and then implements the strategy by selecting securities that best represent each of the desired investment types. ONEF may also invest in ETFs holding fixed-income securities, but will invest primarily in those that hold equities. The ETF will have total expenses of 0.51%, including a 0.35% management fee. The portfolio will be benchmarked to the S&P500 and will generally buy and hold securities, with minimal portfolio turnover which is not expected to exceed 10% of the portfolio’s value.
Portfolio Managers:
U.S. One Inc., based out of Nevada, will be responsible for the management of the fund. U.S. One is a registered investment advisory firm which focuses on low-cost and simple investing, following buy-and-hold principles. Specifically, the portfolio manager the fund will be:
Paul Hrabal – Paul is the President of U.S. One Inc. and founded the investment advisor in 2008. Prior to founding the Adviser, Mr. Hrabal was, from 2002 to 2009, President of U.S. Data Trust Corporation, a provider of data backup and disaster recovery services for small to mid-sized businesses. Previously, Mr. Hrabal founded an internet company, GoVote.com, Inc. in July 1999, which he sold in March 2000, and was Director of Finance and Business Development with Dell Computer from August 1992 to July 1999
The Numbers:
Expense Ratio – 0.51%, including 0.35% in management fees
What’s special about it?
1. ONEF specifically states that it will not utilize derivatives. It may invest in ETFs that hold derivatives but will not invest in ETFs that use derivatives as a principal investment strategy.
2. The fund can also only invest in ETFs traded in the US, even though they may hold securities that are traded in foreign markets.
Disclosure: No positions in above-mentioned names.
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