GARA
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Designed to provide income from real estate and infrastructure companies that offer dividend growth and capital appreciation.
The Case for Real Assets
Global structural shifts are driving sustained demand for companies that develop, construct, own, finance, and operate infrastructure and real estate assets. Real assets benefit from structural tailwinds as massive long-term investment goes into sectors with substantial footprints such as electricity generation, grid renewal, data centers, telecommunications, logistics, and healthcare. By investing in real estate investment trusts (REITs) and listed infrastructure companies, investors can access the differentiation real assets provide while maintaining liquidity.
Why GARA is a Potentially Good Investment Idea
Investors seeking income, dividend growth potential, and capital appreciation should consider GARA as a way to access real estate and infrastructure assets. Real assets can play a vital and hard-to-replicate role in traditional portfolios by offering defensive characteristics and growing income streams.
Fund Description
- GARA invests in a diversified mix of real asset business models benefitting from long-term contractual cash flows and built-in inflation protection.
- We seek high-quality companies with the potential for sustained dividend growth, underpinned by resilient cash flows and multi-decade investment opportunities across their industries.
- We apply a disciplined, research-driven approach to identify businesses demonstrating durable economics, strong balance sheets, and exposure to long-term structural tailwinds.
- Concentrated portfolio of approximately 35 equally weighted stocks with a low turnover, long-term holding mindset.
Performance data quoted represents past performance and is no guarantee of future results. Investment returns 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. Current performance may be lower or higher than quoted. Performance data for the most recent month-end is available above.
The fund Benchmark Index is the World Core Infrastructure Index NR.
The MSCI World Core Infrastructure Index captures large and mid-cap securities across the 23 Developed Markets (DM) countries. The Index is designed to represent the performance of listed companies within the developed markets that are engaged in core industrial infrastructure activities.
An investor cannot invest directly in an index.
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
Fund holdings and sector allocations are subject to change.
- The Adviser has contractually agreed to reduce its fees and/or pay ETF expenses (excluding acquired fund fees and expenses, interest, taxes, dividends on short positions and extraordinary expenses) in order to limit the Fund’s total annual operating expenses to 0.45% through June 30, 2027. This contractual arrangement may be terminated by the Board of the Fund at any time without penalty upon 60 days’ notice.
- The 30 Day SEC Yield represents net investment income earned by the Fund over the 30 Day period, expressed as annual percentage rate based on the Fund’s share price at the end of the 30 Day period. The 30-Day unsubsidized SEC Yield does not reflect any fee waivers/reimbursements/limits in effect.
GARA Premium Discount NAV to Closing Price: Calendar Year 2025
GARA Premium Discount NAV to Closing Price: Q1 2026
The Fund is subject to the following risks, which could affect the Fund’s net asset value per share (“NAV”), trading price, yield, total return or the Fund’s ability to meet its investment objective. These risks are also described in the “Principal Risks” and “Risks of Investing in Our Fund” sections of this prospectus and in the Fund’s Statement of Additional Information. You can lose money by investing in shares of this Fund.
Real Estate-Related Securities Risk. The Fund will invest in real-estate related companies, including REITs (real estate investment trusts), as well as companies that own, hold, develop, manage or operate real estate assets. These companies expose investors indirectly to the risks associated with owning real estate directly, as well as the risks of operating real estate management companies. Real estate assets can be affected by changes in property values, government actions (including levels of tax or other local regulations), zoning designations, usage limitations, environmental conditions, limitations on rental income increases or evictions, casualty events (including natural disasters) and eminent domain. Real estate investments are sensitive to local, state and federal changes and can be cyclical, including during periods of overdevelopment. REITs may be subject to additional risks including risks relating to financing or leverage to acquire real-estate related assets, financial market and leverage exposures, and potential defaults. REITs may fail to continue to qualify for favorable tax or regulatory treatment, based on changes in underlying assets. Concentration Risk. The Fund will generally hold substantial assets in the Real Estate and Income companies, which means that it will be more sensitive to losses due to adverse events that affect these areas of the economy as a whole. The Fund’s concentration in these companies may present more risks than if it were broadly diversified over numerous industries and sectors of the economy. Investing in Non US Companies. Investing in companies outside the U.S., including in countries in Europe and Asia, involves different and additional political, social, economic, legal, and regulatory and other risks, based on the size of their securities markets, competition for investments, interest rates, and global or foreign trade activities (restrictions and tariffs, or threats of changes to restrictions or tariffs), and changes in the global economy. Currency and Currency Exchange Risks. The Fund’s currency is US Dollars, while some of its investments are denominated in foreign currencies. Foreign currencies may fluctuate against the US Dollar and some foreign currencies are more volatile, especially during times of economic stress, and foreign countries may limit trading or repatriation of currencies.
Morningstar Ratings™ Disclosure
The Morningstar Rating™ for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
The Guinness Atkinson Real Assets Income ETF is distributed by Foreside Fund Services, LLC. Foreside Fund Services, LLC. is not affiliated with Guinness Atkinson Asset Management, Inc.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus, please visit each Fund specific page or call (866) 307-5990. Read the prospectus carefully before investing.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. ETF NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns do not represent the returns you would receive if you traded shares at other times.
Investing involves risk including the loss of principal. Please visit each fund’s page for specific fund risks.
