RESI

Kelly Residential & Apartment Real Estate ETF

Why Invest in RESI ETF

Housing is short on supply and high on demand amid a historic and lingering housing shortage resulting from a decade of under-building. The RESI ETF could stand to benefit as the positive effects from the post-pandemic "housing boom" are reverberating across U.S. rental markets with rents increasing at high rates.

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Investment Case

  • Real Estate Liquidity: RESI ETF’s residential REITs seeks to provide stable current income plus long-term growth in a liquid and transparent investment vehicle actively managed by experienced and professional management teams.
  • Specialized Management Teams: Aims for multi-cap exposure to real estate companies redefining residential business models through development, redevelopment, repositioning and investments in technology for long-term housing trends and shifting priorities of households.
  • High Growth Potential: Aims to capture long-term growth with low correlation of relative returns to traditional growth and real estate strategies. Enables investors to access the potential growth of publicly traded residential real estate companies that we believe are positioned to benefit from transformative forces that are reshaping consumer habits for housing.
  • Tool for Diversification: Offers a tool for diversification due to little overlap with traditional indices. RESI can be an affordable and may be a cost effective way for investors to diversify their holdings without the hassle of owning actual properties. RESI can be a complement to traditional real estate and growth strategies as residential REITs may offer similar benefits to growth stocks and fixed-income instruments with above average distribution yields and competitive long-term rates of return. The multi-family sector also offers portfolio diversification with a low correlation to other equities and bonds.
  • Cost Effective Targeted Exposure: In a single trade, RESI delivers access to dozens of companies with exposure to all the sub-sectors of the multi-family theme seeking to provide a lower cost alternative to non-traded REITs, mutual funds, and private equity funds in an Exchange Traded Fund (ETF).

Fund Links

Fact Sheet
Prospectus
Summary Prospectus
SAI
Semi-Annual Report
Annual Report
Schedule of Investments – May 31
Schedule of Investments – November 30

Fund Details

Fund Inception 1/12/2022
Ticker RESI
Net Assets TBD
Shares Outstanding TBD
Primary Exchange NYSE Arca
CUSIP 48817R 508
ISIN US48817R5081
Fund Type Indexed Equity ETF
Expense Ratio 0.68%
Number of Holdings TBD
Dividend Frequency Quarterly

Data as of TBD

Fund Overview

  • Residential & Apartment Real Estate Index seeks to provide total return by tracking a passively managed, concentrated portfolio of companies in the residential & apartment (“multifamily”) management and operational services industries.
  • Targets companies in the US and developed markets that specialize in:
    • Single-Family Rental Homes: Includes companies whose activities are focused on single-family rental homes.
    • Apartment Buildings: Includes companies that own and operate apartment buildings.
    • Student Housing: Includes companies that own and operate real estate with a focus on leasing to students.
    • Manufactured Homes: Includes companies that focus on the manufactured home segment. This includes companies operating mobile home or RV parks.
  • Companies are initially identified by industry and sector and are then further reviewed based on operations related to residential & apartment (“multifamily”) activities.

Fund Prices

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30-Day Median Bid/Ask Spread -

Data as of TBD

Performance

Monthly (as of TBD)
    1 Mo. 3 Mo. 6 Mo. Since Inception
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Closing Price   - - - -
Quarterly (as of TBD)
  1 Yr. 3 Yr. 5 Yr. 10 Yr. Since Inception
(1/12/2022)
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The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period. NAVs are calculated using prices as of 4:00 PM Eastern Time.

 

TOP 10 HOLDINGS

Download Holdings    Full Holdings
PERCENTAGE OF NET ASSETS NAME TICKER IDENTIFIER SHARES HELD MARKET VALUE

Data as of TBD

Holdings are subject to change

 

Distributions (as of 03/22/2023)

Month Ex Date Record Date Pay Date Dividend Distribution Type
March 3/24/2022 3/25/2022 3/28/2022 0.0187537 Ordinary Income
June 6/24/2022 6/27/2022 6/28/2022 0.01366820 Ordinary Income
September 9/22/2022 9/23/2022 9/26/2022 0.01693680 Ordinary Income
December 12/22/2022 12/23/2022 12/27/2022 0.1549200 Ordinary Income
December 12/22/2022 12/23/2022 12/27/2022 0.23768 Short-Term Capital Gains
December 12/22/2022 12/23/2022 12/27/2022 0.19632 Long-Term Capital Gains
March 3/23/2023 3/24/2023 3/27/2023 0.02600 Ordinary Income
June 6/22/2023 6/23/2023 6/26/2023 - Ordinary Income
September 9/21/2023 9/22/2023 9/25/2023 - Ordinary Income
December 12/21/2023 12/22/2023 12/26/2023 - Ordinary Income
December 12/21/2023 12/22/2023 12/26/2023 - Capital Gains

Premium/Discount (as of TBD)

NAV Closing Price Premium/Discount
- - -

Historical Premium/Discount

 

 

 
Days at premium
Days at zero premium/discount
Days at discount

 

How to Buy RESI

FAQs

RESI launched on 01/13/2022.
RESI is currently available on a number of brokerage platforms. If you work with a financial planner, availability will depend on whether the RESI ETF is available by the adviser’s platform. Talk to your financial planner about adding HOTL, or any other Kelly ETF, to your portfolio as they can be easy to use, low cost and tax efficient way to invest money.
0.68%
On the NYSE Arca Exchange
Strategic Residential & Apartment Real Estate Sector Index is maintained by Strategic Indexes, LLC. Strategic Indexes is affiliated with Kelly ETFs, however, it keeps certain activities separate in order to preserve the independence and objectivity of their respective activities. The index is calculated by Moorgate Benchmarks Ltd. For more information on the index, please visit the index website at Kelly Intelligence.
Targets companies that specialize in:
  • Single-Family Rental Homes: Includes companies whose activities are focused on single-family rental homes.
  • Apartment Buildings: Includes companies that own and operate apartment buildings.
  • Student Housing: Includes companies that own and operate real estate with a focus on leasing to students.
  • Manufactured Homes: Includes companies that focus on the manufactured home segment. This includes companies operating mobile home or RV parks.

Limited Operating History Risk. The Fund is a recently organized investment company with a limited operating history. As a result, prospective investors have a limited track record or history on which to base their investment decision.

Residential and Apartment Real Estate Companies Investing Risk. Real estate is highly sensitive to general and local economic conditions and developments. The U.S. real estate market may, in the future, experience and has, in the past, experienced a decline in value, with certain regions experiencing significant losses in property values. Many real estate companies, including REITs, utilize leverage (and some may be highly leveraged), which increases investment risk and the risk normally associated with debt financing, and could potentially increase the Fund’s volatility and losses.
Companies in the Apartments & Residential Real Estate sector may be affected by unique supply and demand factors that do not apply to other real estate sectors. Residential real estate development is particularly subject to changes in financing costs, occupancy rates, the ability to obtain zoning or other permits or government approvals, labor costs, and scheduling delays. Additionally, such companies may face significant costs associated with compliance (or failure to comply with) the accessibility provisions of federal, state or local requirements.

REIT Investment Risk. REITs may have limited financial resources, may trade less frequently and in limited volume, and may be more volatile than other securities. In addition, to the extent the Fund holds interests in REITs, it is expected that investors in the Fund will bear two layers of asset-based management fees and expenses (directly at the Fund level and indirectly at the REIT level). The risks of investing in REITs include certain risks associated with the direct ownership of real estate and the real estate industry in general.

 

Investing involves risk including possible loss of principal.

Before investing carefully consider a funds investment objective, risks, charges, and expenses contained in the prospectus available at KELLY ETFs. Read carefully before investing.

Distributor: Foreside Fund Services, LLC.