For Individual Investors in the US

JZRO Net Zero Transition Resources ETF

Global equities portfolio comprised of resources companies across the supply chain positioned for the transition to a low-carbon future

NAV
$21.91
As of 03/24/2023

1-Day Change
-$0.27 (-1.22%)
As of 03/24/2023

YTD Return
-5.84%
As of 03/24/2023

How to buy

Overview

ABOUT THIS ETF

Global commitments to Net Zero greenhouse gas emissions by 2050 create investment opportunity driven by urgency and innovation. Seeking to capitalize on the breadth of these opportunities, our process incorporates sectors and companies across the natural resources supply chain. We believe high quality natural resources companies that are contributing to this transition can generate attractive long-term returns.

WHY INVEST IN THIS ETF

Supply chain diversification: Diversified across the supply chain spectrum, sub-industries and countries, seeking to increase opportunities and mitigate risk
Embedded sustainability analysis: Rigorous security selection process with integrated ESG analysis, aiming to identify high quality companies with sustainable competitive advantages
Experienced team: Over 120 years of combined natural resources investment experience

Manage Wealth with a Sense of Purpose

View our Sustainable ETF Solutions

YIELDS (%)

Distribution Yield At NAV (As of 12/31/2022)	1.43%
30-Day SEC Yield - With Waivers (As of 02/28/2023)	0.75%
30-Day SEC Yield - Without Waivers (As of 02/28/2023)	0.75%
Distribution Frequency	Quarterly

Distribution Yield is calculated by taking the trailing 365 days of distributions and dividing by the net asset value on the last business day for the same period. The yield does not include long- or short-term capital gains distributions.

ETF Details

Inception Date	Sep 8, 2021
Total Net Assets (As of 03/24/2023)	$46.56M
Gross Annual Expense Ratio (As of fiscal year end 10/31/2022)	0.61%
Net Annual Expense Ratio (As of fiscal year end 10/31/2022)	0.61%
CUSIP	47103U787
Morningstar Category (As of 02/28/2023)	Natural Resources
Intraday Value	JZROIV
Exchange	NYSE Arca
Primary Benchmark	S&P Global Natural Resources Index

Creation Unit size is 25,000 shares.

Pricing Data (As of Market Close 03/24/2023)

Closing Market Price	$21.91
Bid/Ask Midpoint	$21.92
Day High	$21.97
Day Low	$21.91
Trading Volume (Shares)	2,496
Premium/Discount	0.05%
30-Day Median Bid/Ask Spread (As of 03/23/2023)	0.41%
Shares Outstanding	2.13M

Morningstar Data

(As of 02/28/2023)

	View All Ratings
Category	Natural Resources
Equity Style Box LARGE VALUE LARGE BLEND LARGE GROWTH MID VALUE MID BLEND MID GROWTH SMALL VALUE SMALL BLEND SMALL GROWTH

Important Morningstar Information

PORTFOLIO MANAGEMENT

Tim Gerrard

Portfolio Manager

Industry since 1980. Joined Firm in 2015.

Darko Kuzmanovic

Senior Portfolio Manager

Industry since 1985. Joined Firm in 2015.

Tal Lomnitzer, CFA

Senior Investment Manager

Industry since 2000. Joined Firm in 2019.

Daniel Sullivan

Head of Global Natural Resources | Portfolio Manager

Industry since 1989. Joined Firm in 2013.

Performance

RETURNS (%) (As of 12/31/2022)

NAV Market Price S&P Global Natural Resources Index

	3M	YTD	1YR	Since Inception (09/08/2021)
NAV	15.47	-9.12	-9.12	-3.50
Market Price	15.61	-8.89	-8.89	-3.37
S&P Global Natural Resources Index	17.07	9.59	9.59	12.35

Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Performance for very short time periods may not be indicative of future performance.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Ordinary brokerage commissions apply and will reduce returns.

RETURNS (%) (As of 02/28/2023)

NAV Market Price S&P Global Natural Resources Index

	3M	YTD	1YR	Since Inception (09/08/2021)
NAV	0.30	2.28	-10.66	-1.63
Market Price	-0.95	1.93	-10.41	-1.74
S&P Global Natural Resources Index	-1.55	1.58	2.54	12.11

Performance for very short time periods may not be indicative of future performance.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Calendar Year Returns (%)

NAV Market Price S&P Global Natural Resources Index

	2022
NAV	-9.12
Market Price	-8.89
S&P Global Natural Resources Index	9.59

PREMIUM/DISCOUNT HISTORY

	Calendar Year 2022
Days at Premium	134
Days at Discount	102

DISTRIBUTION OVERVIEW

Ex-Date	Record Date	Payable Date	Ordinary Income	Short-Term Capital Gains	Long-Term Capital Gains	Total Distribution
12/20/2022	12/21/2022	12/27/2022	$0.098874	$0.000000	$0.000000	$0.098874
09/30/2022	10/03/2022	10/06/2022	$0.03091	$0.000000	$0.000000	$0.030910
06/30/2022	07/01/2022	07/07/2022	$0.107452	$0.000000	$0.000000	$0.107452
03/31/2022	04/01/2022	04/06/2022	$0.095825	$0.000000	$0.000000	$0.095825
12/20/2021	12/21/2021	12/27/2021	$0.263881	$0.000000	$0.000000	$0.263881
						View Full History

Portfolio

Index represents the S&P Global Natural Resources Index

Top Holdings (As of 03/24/2023)

	% of Fund
Wheaton Precious Metals Corp	5.18
Vestas Wind Systems A/S	4.77
Nutrien Ltd.	4.59
Nexans SA	4.04
Deere & Company	3.94
Champion Iron Ltd.	3.70
Air Products and Chemicals, Inc.	3.66
NexGen Energy Ltd.	3.49
Cameco Corporation	3.24
Archer-Daniels-Midland Company	3.13
View full holdings

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Portfolio Characteristics (As of 03/24/2023)


Number of Holdings Equity Issues	47
Market Capitalization Weighted Average	$24.52B
Portfolio Turnover Rate (1-year trailing)	81.97%
Price/Earnings Ratio (1-year forward)	17.60
Price/Book Ratio	3.10
Earnings Growth Rate (1-year forward)	5.86%

Sector Allocation	% OF FUND	% OF FUND	(As of 03/24/2023)

Regional Allocation	% OF FUND	% OF FUND	(As of March 24, 2023)

Market Capitalization Range of Equity Holdings	% OF FUND	% OF FUND	(As of 03/24/2023)

Developed vs Emerging Markets	% OF FUND	% OF FUND	(As of March 24, 2023)

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JZRO Net Zero Transition Resources ETF