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Engine No. 1 Transform Supply Chain ETF

SUPP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 14 2023
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
Engine No. 1
Volume (1m avg. daily)
$15,083
AUM
$9,363,212
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
CASH
12.07%
WM
Waste Management, Inc.
8.06%
MLM
Martin Marietta Materials, Inc.
6.86%
WSC
WillScot Mobile Mini Holdings Corp
6.72%
CP
Canadian Pacific Railway Ltd
5.07%
ROK
Rockwell Automation Inc
5.03%
VMC
Vulcan Materials Co
4.69%
TSM
Taiwan Semiconductor Manufacturing - ADR
4.44%
CSX
CSX Corp.
4.28%
WMS
Advanced Drainage Systems Inc
4.09%
Invest with SUPP

What is SUPP?

The Transform Supply Chain ETF is an actively managed exchange-traded fund ("ETF") that invests in U.S.-listed equity, American depositary receipt ("ADR") securities, and non-U.S. developed and emerging market-listed securities, which over time may vary as market and investment opportunities change. The Fund may also enter into currency-related spot transactions when it transacts in equities denominated in foreign currencies or invest in certain derivative instruments, such as currency futures or forwards that will help the Adviser manage risk associated with foreign currency exposure, if any, or futures contracts. The Fund's investments may include micro-, small-, medium- and large-capitalization equities of companies. The Adviser expects to hold between 20-60 equities within the Fund's portfolio. The Adviser expects to invest in the equities of companies that it deems are creating value through supply chain transformation. A supply chain is defined as a network between a company and its suppliers to produce and distribute a specific product to the final buyer. According to the Adviser, companies are transforming their own or others' supply chains by reshoring manufacturing jobs (i.e., bringing jobs closer to point of sale, stabilizing manufacturing capacity, reducing disruption and geopolitical risks, enhancing sourcing transparency and increasing emissions and environmental impact standards), automating and/or innovating business operations (i.e., offsetting labor cost disadvantage of high-cost countries by boosting output per worker, streamlining business operations to drive lower costs, and improving labor conditions for workers), or through transportation enablement (i.e., providing manufacturers with reliable and affordable access to raw materials, while also facilitating movement of finished goods to end market). Portfolio companies are primarily those that the Adviser believes are creating value or minimizing risks as it relates to their supply chains or the supply chains of others. Companies are from no one particular industry; instead, they are from a broad range of industries such as factory automation, transportation providers, industrial goods and services, alternative energy, semiconductors and semiconductor capital equipment, materials, or waste management & recycling.

ETFs related toSUPP

ETFs correlated to SUPP include IYJ, FIDU, AVGE

SUPP
Engine No. 1 ETF Trust - Engine No. 1 Transform Supply Chain ETF
IYJ
BlackRock Institutional Trust Company N.A. - iShares U.S. Industrials ETF
FIDU
Fidelity Covington Trust - Fidelity MSCI Industrials Index ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
VIS
Vanguard Group, Inc. - Vanguard Industrials ETF
XLI
SSgA Active Trust - Industrial Select Sector SPDR
RGI
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Industrials ETF
PAVE
Global X Funds - Global X U.S. Infrastructure Development ETF
PDP
Invesco Capital Management LLC - Invesco DWA Momentum ETF
EXI
BlackRock Institutional Trust Company N.A. - iShares Global Industrials ETF
FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSUPP

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with SUPP using Composer

FAQ

SUPP is a Global Equities ETF. The Transform Supply Chain ETF is an actively managed exchange-traded fund ("ETF") that invests in U.S.-listed equity, American depositary receipt ("ADR") securities, and non-U.S. developed and emerging market-listed securities, which over time may vary as market and investment opportunities change. The Fund may also enter into currency-related spot transactions when it transacts in equities denominated in foreign currencies or invest in certain derivative instruments, such as currency futures or forwards that will help the Adviser manage risk associated with foreign currency exposure, if any, or futures contracts. The Fund's investments may include micro-, small-, medium- and large-capitalization equities of companies. The Adviser expects to hold between 20-60 equities within the Fund's portfolio. The Adviser expects to invest in the equities of companies that it deems are creating value through supply chain transformation. A supply chain is defined as a network between a company and its suppliers to produce and distribute a specific product to the final buyer. According to the Adviser, companies are transforming their own or others' supply chains by reshoring manufacturing jobs (i.e., bringing jobs closer to point of sale, stabilizing manufacturing capacity, reducing disruption and geopolitical risks, enhancing sourcing transparency and increasing emissions and environmental impact standards), automating and/or innovating business operations (i.e., offsetting labor cost disadvantage of high-cost countries by boosting output per worker, streamlining business operations to drive lower costs, and improving labor conditions for workers), or through transportation enablement (i.e., providing manufacturers with reliable and affordable access to raw materials, while also facilitating movement of finished goods to end market). Portfolio companies are primarily those that the Adviser believes are creating value or minimizing risks as it relates to their supply chains or the supply chains of others. Companies are from no one particular industry; instead, they are from a broad range of industries such as factory automation, transportation providers, industrial goods and services, alternative energy, semiconductors and semiconductor capital equipment, materials, or waste management & recycling.

Yes, SUPP is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, SUPP is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SUPP is -0.0502%. This is the percent change in the value of SUPP over the most recent 1-month period. The 3-month return on SUPP is %. This is the percent change in the value of SUPP over the most recent 3-month period.

ETFs similar to SUPP include EFA, EZU, and EEM.

ETFs correlated to SUPP include IYJ, FIDU, and AVGE.

ETFs that are inversely correlated to SUPP include UVIX, VIXY, and UVXY.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.