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About U.S. Global Jets ETF
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Inception date
Apr 28, 2015
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
US Global Investors, Inc. (Asset Management)
Distributor
Quasar Distributors LLC
JETS invests in all-cap companies of both US and international passenger airline industry including aircraft manufacturers and airport companies. The index utilizes a tiered weighting scheme driven mostly by market cap as well as passenger load. As a result, the portfolio puts about 70% of its weight in US large-cap passenger airlines (at quarterly rebalance), with the top four companies receiving 10% each. The next five largest US or Canadian airlines each receive a 4% weighting. The remaining airline companies, that meet minimum trading and liquidity requirements, are scored based on fundamental factors. Scores are driven by cash flow return on capital, gross margin, sales growth and sales yield. The top five US or Canadian companies based on this composite score receive 3% weight and each of the 25 non-US companies scoring highest receive 1% weight. In September 2020, the strategy and weighting of the underlying index was modified without significant changes to exposure.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Transportation
Electronic Technology
Stocks99.47%
Transportation77.92%
Electronic Technology10.15%
Consumer Services7.81%
Technology Services3.60%
Bonds, Cash & Other0.53%
Mutual fund0.48%
Cash0.05%
Stock breakdown by region
North America80.78%
Europe10.08%
Asia5.93%
Oceania1.62%
Latin America1.00%
Middle East0.59%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
JETS invests in stocks. The fund's major sectors are Transportation, with 77.92% stocks, and Electronic Technology, with 10.15% of the basket. The assets are mostly located in the North America region.
JETS top holdings are Southwest Airlines Co. and Delta Air Lines, Inc., occupying 10.93% and 10.79% of the portfolio correspondingly.
JETS last dividends amounted to 0.14 USD. The year before, the issuer paid 0.00 USD in dividends, which shows a 99.60% increase.
JETS assets under management is 794.60 M USD. It's risen 6.95% over the last month.
JETS fund flows account for −513.76 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
JETS shares are issued by U.S. Global Investors, Inc. under the brand US Global. The ETF was launched on Apr 28, 2015, and its management style is Passive.
JETS expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
JETS follows the Stuttgart US Global Jets (USD). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
JETS invests in stocks.
JETS price has risen by 15.62% over the last month, and its yearly performance shows a 11.80% increase. See more dynamics on JETS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 16.46% over the last month, showed a −8.35% decrease in three-month performance and has increased by 11.87% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 16.46% over the last month, showed a −8.35% decrease in three-month performance and has increased by 11.87% in a year.
JETS trades at a premium (0.31%) meaning the ETF is trading at a higher price than the calculated NAV.