Cushing Transportation & MLP ETF (XLTY)

Overview

The investment aims to closely follow the performance, prior to fees and expenses, of the Cushing® Transportation Index. This goal is pursued under normal conditions by ensuring that at least 80% of the fund's total assets, excluding any collateral from securities lending, are invested in the securities that make up the index. The fund focuses on capturing the dynamics of companies listed within the Dow Jones Transportation Average and the Cushing® 30 MLP Index, showcasing a specific interest in the transportation sector. It is important to note that this fund is non-diversified, meaning it may invest more heavily in fewer securities, potentially increasing the risk and volatility of its value.

Products and Services

This fund offers a focused investment product designed for those interested in exposure to the transportation sector through a singular, concentrated investment vehicle.

• Cushing® Transportation Index Tracking

The primary service provided by the fund is its investment strategy focused on tracking the Cushing® Transportation Index. This involves investing at least 80% of its total assets in the securities that comprise the index. The index itself is composed of companies that are integral parts of the Dow Jones Transportation Average and the Cushing® 30 MLP Index, providing investors with targeted exposure to the transportation industry.

• Non-Diversified Fund Structure

As a non-diversified fund, it places more significant investments in a smaller number of securities compared to diversified funds. This may lead to higher volatility and risk; however, it can also offer greater potential for returns within the niche of the transportation sector that it targets. Investors interested in this fund should be aware of its non-diversified status and consider how it fits within their broader investment portfolio and risk tolerance.