Tema Listed Private Managers ETF
PRVT
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York NY United States of America 10017
- IPO Date
- Jun 5, 2023
- Website
- temaetfs.com
- Similar Companies
- Business
- Private Real Estate Strategy via Liquid REITs ETF (PRVT) is an actively managed exchange-traded fund that seeks total return through investments in a diversified portfolio of publicly-traded real estate investment trusts (REITs) and, to a lesser extent, mortgage-backed securities (MBS) listed primarily on U.S. stock exchanges, as well as select exchanges in Canada, Europe, and Asia. The fund targets REITs with qualitative characteristics mirroring the aggregate real estate holdings of select public non-traded REITs managed by large global firms, including sector allocations such as residential (e.g., multifamily, single-family rental, senior housing), industrial (manufacturing, production, storage, distribution), net lease (triple net leased commercial properties), hospitality (hotels, motels), self-storage facilities, retail (malls, shopping centers), and office buildings; MBS holdings are limited to 0-10% for liquidity purposes, comprising residential MBS (RMBS) and commercial MBS (CMBS). Under normal circumstances, PRVT invests at least 80% of its net assets in REITs, concentrating over 25% in the real estate industry, with a portfolio typically of 20-50 REITs and 0-5 MBS, and an expense ratio of 0.59%; the fund trades on Nasdaq under ticker PRVT with CUSIP 886364397. Launched on June 12, 2023, by Armada ETF Advisors LLC (sub-adviser) in collaboration with Tidal Financial Group through the Tidal ETF Trust, with investment advisory services from Toroso Investments, LLC, PRVT is headquartered in New York and primarily serves institutional and retail investors seeking liquid exposure to private real estate strategies via public markets, with geographic focus exceeding 98% in U.S. assets and minor exposure elsewhere. Recent developments include ongoing portfolio management to replicate non-traded REIT exposures amid market volatility, with net assets around $3.4 million and 175,000 shares outstanding as of early 2024 data; quarterly distributions commenced post-launch, such as in July 2023, reflecting a 30-day SEC yield of 3.35% at year-end 2023, though no major acquisitions, funding rounds, or strategic alliances have been announced in the last 1-2 years.