Our ETF indices are rebalanced and reconstituted quarterly. At the close on March 10, 2023, the indices for the JETS ETF, the GOAU ETF and the SEA ETF, underwent reconstitution changes to their multi-factor, rules-based models. Below are the details of the stocks that came in and out of each ETF Index.
Meet the Stocks Joining the JETS ETF
The U.S. Global Jets ETF (JETS) tracks the U.S. Global Jets Index (JETSX), which seeks to capture the performance of airline companies across the globe with an emphasis on domestic passenger airlines.
Deletions: The four companies leaving JETSX are MakeMyTrip, Sky West, SATS Ltd. and Frontier Group Holdings.
Additions: Below are the four companies that will join the index, effective March 10, 2023.
| Company Name | Ticker | Primary Business | Weighting |
|---|---|---|---|
| Air China Ltd. | 753-HK | Airline Carrier | 0.50% |
| Aeroports de Paris ADP | ADP-FR | Airport Operator | 0.50% |
| Adventure, Inc. | 6030-JP | Online Travel Services | 0.50% |
| Tongcheng Travel Holdings Ltd. | 780-HK | Online Travel Services | 0.50% |
NOTE: The U.S. Global Jets Index is comprised of 50 companies meeting certain criteria and screening factors. At this rebalance, the index will be comprised of 46 companies until the next rebalancing and reconstitution date. Due to the lack of companies meeting the screening criteria, only 46 companies were eligible for inclusion in the index.
Meet the Stocks Joining the GOAU ETF
The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) tracks the U.S. Global GO GOLD and Precious Metal Miners Index (GOAUX), which aims to capture the performance of companies engaged in the production of precious metals either through active (mining or production) or passive (owning royalties or production streams) means.
Deletions: The two companies leaving GOAUX are Lundin Gold Inc. and Northam Platinum Holdings.
Additions: Below are the three companies that will join the index, effective March 10, 2023.
| Company Name | Ticker | Primary Business | Weighting |
|---|---|---|---|
| Drdgold Ltd. | DRD-US | Mining | 4% |
| Gold Fields Ltd. | GFI-US | Mining | 2% |
| Resolute Mining Ltd. | RSG-AU | Mining | 2% |
Meet the Stocks Joining the SEA ETF
The U.S. Global Sea to Sky Cargo Index (SEAX) seeks to provide diversified access to the global sea shipping and air freight industries.
Deletions: The five companies leaving SEAX are Pan Ocean Co., CryoPort, Inc., Nippon Express Holdings, International Distributions Services Plc and Star Bulk Carriers Corp.
Additions: Below are the five companies that will join the index, effective March 10, 2023.
| Company Name | Ticker | Primary Business | Weighting |
|---|---|---|---|
| Hafnia Ltd. | HAFNI-NO | Tanker Company | 2% |
| Scorpio Tankers, Inc. | STNG-US | Tanker Company | 2% |
| Compania de Distribucion Integral Logista Holdings SA | LOG-ES | Distribution Company | 3% |
| Cargojet, Inc. | CJT-CA | Cargo Airline | 3% |
| Brambles Ltd. | BXB-AU | Pooling Solutions | 3% |
Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a statutory and summary prospectus for JETS here, GOAU here and for SEA here. Read it carefully before investing.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. Because the funds concentrate their investments in specific industries, the funds may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries. The funds are non-diversified, meaning they may concentrate more of their assets in a smaller number of issuers than diversified funds. The funds invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets. The funds may invest in the securities of smaller-capitalization companies, which may be more volatile than funds that invest in larger, more established companies. The performance of the funds may diverge from that of the index. Because the funds may employ a representative sampling strategy and may also invest in securities that are not included in the index, the funds may experience tracking error to a greater extent than funds that seek to replicate an index. The funds are not actively managed and may be affected by a general decline in market segments related to the index.
Airline Companies may be adversely affected by a downturn in economic conditions that can result in decreased demand for air travel and may also be significantly affected by changes in fuel prices, labor relations and insurance costs. Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in these sectors.
Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. By investing in a specific geographic region, such as China and/or Taiwan, a regional ETFs returns and share price may be more volatile than those of a less concentrated portfolio.
Cargo Companies may be adversely affected by downturn in economic conditions that can result in decreased demand for sea shipping and freight.
Fund holdings and allocations are subject to change at any time. Click to view fund holdings for JETS, GOAU and