EMCA — Emerge EMPWR Sustainable Dividend Equity ETF
Data updated: 2023-06-28
EMCA — Emerge EMPWR Sustainable Dividend Equity ETF. United States Real Estate · $1.53M AUM. Holdings, fees, performance and SEC filings.
EMCA Fund Overview
EMCA — Emerge EMPWR Sustainable Dividend Equity ETF is a US ETF managed by Emerge ETF Trust, categorised as United States Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Emerge ETF Trust
- Category: United States Real Estate
- Assets under management: $1.53M
- Ticker: EMCA
- SEC CIK: 0001914404
- SEC series ID: S000076855
- Share class ID: C000236964
EMCA Investment Objective and Strategy
Emerge EMPWR Sustainable Dividend Equity ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Emerge ETF Trust.
Investment objective
The investment objective of Emerge EMPWR Sustainable Dividend Equity ETF (the Fund) is to seek long-term total return and current income.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, if any, in dividend-paying equity securities that, at the time of investment, meet the environmental, social, and governance (ESG) criteria established by Emerge Capital Management Inc. (Emerge or the Advisor). The Fund invests predominantly in U.S. equity securities. Equity securities include common stock (including real estate investment trusts), preferred stock, securities convertible into common stock, American Depositary Receipts, or securities or other instruments whose price is linked to the value of common stock. The Fund may invest in the securities of issuers of all capitalization sizes, but intends to invest primarily in in securities of large capitalization issuers.
The Fund is non-diversified, which means it can invest a greater percentage of its assets in a small group of issuers or any one issuer than a diversified fund can. In selecting companies, Catherine Avery Investment Management LLC d/b/a CAIM LLC (CAIM LLC or the Sub-Advisor) applies a bottom-up research process to seek to invest in equity securities that the Sub-Advisor believes have the potential to increase dividends in the future. The Sub-Advisor uses a proprietary screening process to identify companies that the Sub-Advisor believes have favorable balance sheets and above average levels of cash flow per share, and pay a dividend and demonstrate the ability to increase that dividend over time. The Sub-Advisor generally recommends buying securities that meet the above criteria when the Sub-Advisor believes they are trading at a discount to their future value.
The Sub-Advisor may recommend selling securities for several reasons, including when the Sub-Advisor believes the security is overvalued or management is unable to achieve its goals. Emerge considers ESG factors within its securities selection process for each equity security for the Fund. Emerge assesses whether a company meets the Funds ESG standards based on its proprietary ESG framework. Emerge uses ESG research, ratings, and analytics from independent third-party data providers to screen investments based on ESG criteria determined by Emerge. The Fund may hold securities of issuers for which third-party data is not available. Where an issuer has not been assigned a rating by the third-party data provider, Emerges ESG analysis incorporates publicly available data. Emerge has the right to change the third-party data providers that support its ESG framework at any time.
In determining whether an issuer meets Emerges ESG investment criteria, Emerge considers: (i) negative screening criteria to eliminate certain types of issuers in light of social and environmental considerations; and (ii) governance-related risk ratings published by third party data providers, including Sustainalytics, designed to measure the degree to which a companys economic value is at risk driven by the magnitude of a companys unmanaged ESG risks. As of the date of this Prospectus, Emerge applies a negative screen to exclude companies for investment that derive 20% or more of their revenues from biological and chemical weapons, thermal coal extraction, gambling, adult entertainment, tobacco production, and recreational cannabis. Emerge may modify the above list of negative screens at any time, without prior shareholder approval or notice.
ESG risk ratings data compiled by third-party data providers forms the basis for Emerges governance-related risk assessment and screening. Emerge may consider excluding, reducing or eliminating exposure to issuers with high ESG risk ratings, as determined by one or more third-party data providers. The Fund is an actively managed exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index.
EMCA Costs and Fees
EMCA costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 1.05%
EMCA Cashflows
Over the 12 months to 2023-04, Emerge EMPWR Sustainable Dividend Equity ETF had net inflows of $1.51M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-04 | $498.32K |
| 2023-03 | $0 |
| 2023-02 | $0 |
| 2023-01 | $0 |
| 2022-12 | $0 |
| 2022-11 | $516.18K |
EMCA Debt Constituents
No individual debt constituents are reported in Emerge EMPWR Sustainable Dividend Equity ETF's latest SEC N-PORT filing.
EMCA Prospectus and SEC Filings
Official Emerge EMPWR Sustainable Dividend Equity ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.