Three Years, $1B In AUM
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Wednesday, September 08, 2021

Three Years, $1B In AUM

An Empire State fund firm's team is celebrating a big milestone for a 3.5-year-old ETF after some major growth so far this year.

Last week, David Miller, PM of Rational Advisors' [profile] Strategy Shares Nasdaq 7HANDL Index ETF (HNDL), confirmed that the "target distribution ETF" has passed $1 billion in AUM. Its assets have risen more than five fold in 2021 alone.

The fund, which comes with an expense ratio of 97 basis points, is divided 50-50 between a core portfolio (of fixed income and equity ETFs) and a Dorsey Wright Explore Portfolio. The latter is a tactical portfolio that mixes various asset classes to generate high levels of income, and the fund's aim is make monthly distributions that total about 7 percent of its AUM annually.

"With rates likely to stay near zero for the foreseeable future, the approach underpinning HNDL can solve for a key need for yield-hungry investors," Miller states.

HNDL first debuted in early 2018.

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