Hotel And Travel Etf – ™ Airlines, Hotels, Cruise Lines ETF (TRYP) provides exposure to a global portfolio of companies that many investors consider the “core” of business and leisure travel: the airline, hotel and cruise line industries. TRYP is an indexed ETF that seeks to provide comparable performance results before fees and expenses to the Solactive Airlines, Hotels, Cruise Lines Index (the “Index”). The innovative structure of the index ensures that all 3 industries are well represented in TRYP. TRYP tracks travel companies such as Delta, American, United, Southwest, Marriott, Host, Hilton, Hyatt, Royal Caribbean, Norwegian Cruise and Carnival.
*30-day SEC yield is calculated using a standardized formula mandated by the SEC. The formula is based on the maximum offer price per share. By 30 June 2022.
Hotel And Travel Etf
The 30-day median spread is a calculation of the Fund’s median bid-ask spread, calculated as a percentage rounded to the nearest hundredth: identifying the Fund’s national best bid and national best offer at the end of each 10-second interval for each trading day over the preceding 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and the national best offer; and finding the mean of those values.
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TRYP is an indexed ETF that seeks to provide performance results before fees and expenses consistent with The Solactive Airlines, Hotels, Cruise Lines Index (the “Index”). The index consists of mid- to large-capitalization companies listed on exchanges in selected industrialized countries that derive at least 50% of their revenue from specific activities in the airline, hotel and cruise ship industries.
The S&P 500® is composed of 500 selected common stocks, most of which are listed on the New York Stock Exchange. It is not possible to invest directly in the index. A fund’s NAV is the sum of all its assets, divided by the number of shares less any liabilities. The market price is the most recent price at which the fund traded.
The performance data quoted above represents past performance. Past performance does not guarantee future results. The return on investment and the principal value of the investment will fluctuate so that the investor’s shares, when sold or redeemed, may be worth more or less than their original price and current performance may be lower or higher than the performance quoted above. Performance through the most recent month-end can be obtained by calling (833) 378-0717.
Short-term performance, in particular, is not a good indication of a fund’s future performance and investments should not be made based solely on historical returns. Returns are made annually after 1 year.
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A fund’s NAV is the sum of all its assets, divided by the number of shares less any liabilities. The market price is the most recent price at which the fund traded.
™ Airlines, Hotels, Cruise Lines ETF (TRYP) is available through a variety of channels, including phone (833) 378-0717, broker-dealers, investment advisors and other financial services institutions, including:
The Fund is not affiliated with these financial services institutions. Their listing should not be viewed as a recommendation or endorsement.
Investors should carefully consider investment objectives, risks, fees and expenses before investing. For a prospectus or summary prospectus with this and other information about the Fund, click here. Read the prospectus or summary prospectus carefully before investing.
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Risks of the Fund: Investment in the Fund is subject to several risks including possible loss of principal. There can be no assurance that the Fund will achieve its investment objectives. Equity securities, such as common stock, are subject to market, economic and business risks that may cause their prices to fluctuate. Like all ETFs, the Fund’s shares can be bought and sold in the secondary market at market prices. The market price should generally approximate the net asset value (NAV) per share of the fund, but the market price may sometimes be higher or lower than the NAV. The fund is new with limited operating history. There are a limited number of financial institutions authorized to buy and sell shares directly with the Fund, and there may be a limited number of other liquidity providers in the marketplace. There is no guarantee that Fund Shares will trade in any volume or on any stock exchange. Low trading activity may result in shares trading at a material discount to NAV. Please refer to the Prospectus and Summary Prospectus for a full description of key risks.
The Fund’s investments will be concentrated in an industry or group of industries to the extent that the index is concentrated. In such circumstances, the value of the shares may rise and fall more than the value of shares investing in the securities of companies in a wide range of industries. Investments in securities or other instruments of foreign securities do not involve some of the same risks as domestic investments and may experience more rapid and extreme changes in value than investments in securities of U.S. companies.
A downturn in economic conditions could adversely affect cruise lines, airlines and hotel companies. Due to the discretionary nature of leisure travel and spending, economic conditions in the U.S. economy and slowdowns in economies in other regions of the world that reduce demand could significantly and negatively affect the revenues and profits of such industries.
Airline companies can also be significantly affected by changes in fuel prices, which can be very volatile. Due to the competitive nature of this industry, such companies cannot pass on increased fuel prices to consumers by increasing fares. Airline companies may also be significantly affected by changes in taxes, duties or regulations imposed by the United States or other countries on air travel, aircraft manufacturing or aircraft sales and/or labor relations, insurance costs and changes. .
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Due to the discretionary nature of hotel spending, the high debt and cost structure of the hotel and lodging industry, the economic condition of the US economy and the slowdown in economies in other regions of the world may reduce demand for hotel accommodations. The revenue and profitability of such industry is significantly and negatively affected.
Cruise line companies are subject to a variety of risks that could result in significant losses, including travel uncertainty (due to global, regional or local events), passenger safety, security and privacy, changing customer demands, shortage of experienced staff, customer perception of threats (for example, terrorist attacks, pandemics due to diseases and political or social violence), and changing or increased regulations.
™ is rooted in over a decade of experience developing and pioneering exchange-traded products. ™ leverages this experience to identify dominant, large-scale trends and, in turn, develops thematic ETFs that seek to provide exposure to companies and sectors that benefit from such trends.
The “” mark and logo are trademarks of Lucania Investments LLC (“Licensee”) and are licensed to the Adviser in connection with the Fund. The granting of a license to the rights associated with such trademarks for use in connection with the Fund does not constitute a recommendation by the Licensee or any of its affiliates to invest capital in the Fund, nor does it in any way constitute a warranty or opinion. LICENSEE OR ANY OF ITS AFFILIATES WITH RESPECT TO THE ATTRACTIVENESS OF INVESTMENT IN THE INDEX OR FUND. Funds are not sold by Licensor or any of its affiliates. LICENSEE AND ITS AFFILIATES MAKE NO REPRESENTATION, CONDITION OR WARRANTY, EXPRESS OR IMPLIED, TO THE OWNER OF THE FUND OR TO ANY MEMBER OF THE PUBLIC REGARDING ADVICE TO INVEST IN THE SECURITIES GENERALLY OR IN THE FUND IN PARTICULAR.
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LICENSEE AND ITS AFFILIATES ARE NOT ADVISERS, ANY SUB-ADVISERS, INDEX PROVIDER, TRUST, FUNDS’ ADMINISTRATORS, CUSTODIANS, TRANSFER AGENTS, DISTRIBUTORS OR ANY AFFILIATES OF THEIR LICENSEES. Licensee and its affiliates have no role in the administration or operation of the Fund, nor do they make investment decisions, provide investment advice or otherwise act in the capacity of an investment adviser to the Fund. LICENSEE AND ITS AFFILIATES ARE NOT RESPONSIBLE FOR AND DO NOT PARTICIPATE IN DETERMINING OR CALCULATING THE TIME, PRICES OR QUANTITIES OF FUNDS TO BE SOLD INTO THE EQUITY INTO WHICH FUNDS WILL BE CONVERTED. Cash. The Licensee and its affiliates have no role in the administration or operation of the Index or in determining the policies of the Index or in determining, constructing or calculating the Index. LICENSEE AND ITS AFFILIATES HAVE NO OBLIGATIONS OR LIABILITIES IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR TRADING OF INDEXES OR FUNDS. Travel and leisure stocks and exchange-traded funds (ETFs) that invest in them have not fared well in 2022. Despite the easing of global Covid-19 restrictions, a toxic combination of rising fuel prices, high inflation, geopolitical tensions and worries about a global recession is weighing on the sector’s long-term outlook.
As a result, the Dow Jones Travel & Leisure Index and the Dow Jones Airlines Index nearly fell
