ETF Industry KPI – 6/24/2024

• The category has $385 Million across the 5 funds, with a large majority ($260 Million) in Invesco’s PEJ which was launched in 2005. The remaining 4 funds (AWAY, BEDZ, CRUZ, JRNY) are all from different Issuers and have been launched in the last 5 years.
• Last year at this time, the category constituted $571 Billion with PEJ managing $400 Million. In June 2022, the category totaled $1.39 Billion. Although the category is down 33%, the average revenue is up 1.6% YTD. PEJ leads the pack at 6.7% total revenue YTD.
• The average expense ratio of the category shifted from 67.8 bps to 68.6 bps in one year. All 5 of these ETFs are traded on the NYSE.
• As COVID restrictions and fear have all but disappeared in the last two years, the Travel and Leisure ETF category has plummeted 72% in revenues, a surprising dichotomy. Let us know what other sectors have seen this kind of drawback post-COVID.
• The tracked indexes had very similar experiences over the last week. Toroso ETF Industry Index was up 1.56% while the S&P Financial Select Sector Index led at 1.70%.

ETF Launches

BlackRock Long-Term U.S. Equity ETF (ticker: BELT)
BlackRock High Yield ETF (ticker: BRHY)
VictoryShares WestEnd Economic Cycle Bond ETF (ticker: BMDL)
VictoryShares WestEnd Global Equity ETF (ticker: GLOW)
Defiance Nasdaq 100 Income Target ETF (ticker: QQQT)

ETF Closures

None

Fund/Ticker Changes

The MSIFT Short Duration Income Portfolio (ticker: MPLDX)
became Eaton Vance Short Duration Income ETF (ticker: EVSD)

TETF.Index Performance vs. S&P Financial Select Sector Index
(as of June 21, 2024)

TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through June 21, 2024)