REC: Emles Real Estate Credit ETF - MutualFunds.com
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Emles Real Estate Credit ETF

REC - Snapshot

Vitals

  • YTD Return -2.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $11.2 M
  • Holdings in Top 10 17.0%

52 WEEK LOW AND HIGH

$25.00
$24.41
$25.54

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification


Compare REC to Popular Bond Sector Diversified Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$12.13

0.00%

$138.90 B

4.21%

$0.51

0.17%

0.62%

$10.41

0.00%

$40.36 B

2.58%

$0.27

0.39%

0.73%

$8.51

-0.12%

$24.07 B

3.44%

$0.29

1.19%

0.78%

$12.72

-0.08%

$16.06 B

2.11%

$0.27

0.87%

0.96%

$9.45

-0.11%

$12.14 B

3.83%

$0.36

-3.57%

0.93%

REC - Profile

Distributions

  • YTD Total Return -2.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Emles Real Estate Credit ETF
  • Fund Family Name
    Emles
  • Inception Date
    Oct 14, 2020
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Gabriel Hammond

Fund Description

The index is a market value weighted index designed to measure the performance of corporate bonds issued in the U.S. by U.S. companies (and their subsidiaries) in the real estate sector. The fund will generally invest at least 90% of its net assets (plus borrowings for investment purposes) in the component securities of the index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.


REC - Performance

Return Ranking - Trailing

Period REC Return Category Return Low Category Return High Rank in Category (%)
YTD -2.2% -35.9% 25.9% 93.88%
1 Yr N/A -33.8% 53.1% N/A
3 Yr N/A* -10.9% 11.5% N/A
5 Yr N/A* -13.9% 14.6% N/A
10 Yr N/A* -1.9% 12.5% N/A

* Annualized

Return Ranking - Calendar

Period REC Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -49.2% 314.3% N/A
2019 N/A -35.1% 15.3% N/A
2018 N/A -48.0% 3.4% N/A
2017 N/A -14.8% 11.2% N/A
2016 N/A -11.2% 10.7% N/A

Total Return Ranking - Trailing

Period REC Return Category Return Low Category Return High Rank in Category (%)
YTD -2.2% -35.9% 25.9% 94.13%
1 Yr N/A -37.6% 53.1% N/A
3 Yr N/A* -12.6% 11.5% N/A
5 Yr N/A* -14.9% 14.6% N/A
10 Yr N/A* -1.9% 12.5% N/A

* Annualized

Total Return Ranking - Calendar

Period REC Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -49.2% 314.3% N/A
2019 N/A -35.1% 15.3% N/A
2018 N/A -48.0% 8.0% N/A
2017 N/A -14.8% 15.2% N/A
2016 N/A -11.2% 17.7% N/A

REC - Holdings

Concentration Analysis

REC Category Low Category High REC % Rank
Net Assets 11.2 M 1.57 M 139 B 97.75%
Number of Holdings 100 3 8055 80.49%
Net Assets in Top 10 1.87 M -4.67 B 5.97 B 88.45%
Weighting of Top 10 16.96% 4.2% 100.0% 74.40%

Top 10 Holdings

  1. American Tower Corporation 3.8% 2.30%
  2. Crown Castle International Corp. 5.25% 2.19%
  3. SBA Communications Corporation 3.88% 1.88%
  4. SBA Communications Corporation 3.88% 1.85%
  5. Iron Mountain Incorporated 5.25% 1.74%
  6. Equinix, Inc. 5.38% 1.71%
  7. ESH Hospitality, Inc. 5.25% 1.70%
  8. Boston Properties Limited Partnership 3.25% 1.67%
  9. Simon Property Group, L.P. 3.5% 1.54%
  10. American Tower Corporation 3.38% 1.51%

Asset Allocation

Weighting Return Low Return High REC % Rank
Bonds
100.00% -148.49% 302.14% 7.45%
Stocks
0.00% -84.00% 190.25% 88.58%
Preferred Stocks
0.00% 0.00% 33.20% 85.37%
Other
0.00% -45.66% 106.30% 74.45%
Convertible Bonds
0.00% 0.00% 206.37% 96.15%
Cash
0.00% -210.92% 260.09% 88.58%

Bond Sector Breakdown

Weighting Return Low Return High REC % Rank
Corporate
100.00% 0.00% 100.00% 0.39%
Derivative
0.00% 0.00% 67.54% 86.39%
Cash & Equivalents
0.00% 0.00% 100.00% 99.49%
Securitized
0.00% 0.00% 97.98% 96.66%
Municipal
0.00% 0.00% 55.87% 81.39%
Government
0.00% 0.00% 99.63% 96.15%

Bond Geographic Breakdown

Weighting Return Low Return High REC % Rank
US
100.00% -148.77% 209.58% 3.08%
Non US
0.00% 0.00% 105.85% 99.36%

REC - Expenses

Operational Fees

REC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.02% 6.50% N/A
Management Fee 0.48% 0.00% 2.25% 19.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

REC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

REC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

REC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 498.00% N/A

REC - Distributions

Dividend Yield Analysis

REC Category Low Category High REC % Rank
Dividend Yield 0.24% 0.00% 5.30% 9.11%

Dividend Distribution Analysis

REC Category Low Category High Category Mod
Dividend Distribution Frequency Annually Monthly Monthly Monthly

Net Income Ratio Analysis

REC Category Low Category High REC % Rank
Net Income Ratio N/A -1.28% 11.44% N/A

Capital Gain Distribution Analysis

REC Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

REC - Fund Manager Analysis

Managers

Gabriel Hammond


Start Date

Tenure

Tenure Rank

Oct 14, 2020

0.63

0.6%

Gabriel Hammond. After graduating from Johns Hopkins University in 2001, Mr. Hammond joined Goldman Sachs & Co. in the Energy & Power Group. In 2004, he left Goldman and founded SteelPath, an investment firm that focused exclusively on energy infrastructure, and Alerian, a leading energy infrastructure data and analytics company. In 2005, Alerian created and launched the first real-time index of master limited partnerships (“MLPs”). In 2010, SteelPath launched the first MLP mutual fund and Alerian launched the first MLP exchange traded fund. Mr. Hammond sold SteelPath and its mutual funds family to OppenheimerFunds, Inc. in 2012, but remained a portfolio manager until 2014, and he sold Alerian in 2018. In 2019, Mr. Hammond founded Emles Advisors LLC where he serves as the Chief Executive Officer.

Rachel Deinhart


Start Date

Tenure

Tenure Rank

Oct 14, 2020

0.63

0.6%

Rachel Deinhart. Prior to joining Emles Advisors LLC, Ms. Deinhart was employed by The Carlyle Group (“Carlyle”) from 2016 to 2019. At Carlyle, Ms. Deinhart served as an investment professional. During her tenure at Carlyle, Ms. Deinhart served on the boards of Clearly Petroleum, Shenandoah Resources and Tessara Petroleum Resources. Before joining Carlyle in 2016, Ms. Deinhart began her career as an investment banking analyst at Deutsche Bank in the energy coverage team, where she advised corporate clients on M&A and capital markets transactions. Ms. Deinhart received a BBA in Finance and a BM in Piano Performance from The University of Texas at Austin.

Eric Qian


Start Date

Tenure

Tenure Rank

May 20, 2021

0.03

0.0%

After graduating from the University of Maryland in 2015, Mr. Qian joined BlackRock as a portfolio analyst where he was involved in portfolio construction, implementation, and analytics across multi-sector, public, and private credit funds. During this time, Mr. Qian contributed to internal and external engagements spanning launches of novel asset risk models, equity derivative valuation models, and BlackRock Self Indexing (now, BlackRock Index Services). Prior to joining Emles, Mr. Qian was a lead index manager at Nasdaq where he enabled the index business’ quantitative capabilities and regulatory compliance, while also managing over $50 billion in multi-asset index AUM across sector indexes, systematic factor strategies, and strategic product relationships.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 27.43 5.52 2.19