Kelly Residential & Apartment Real Estate ETF
RESI
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7887 East Belleview Avenue, Suite 1100 Englewood CO United States of America 80111
- IPO Date
- Jan 13, 2022
- CIK
- 0001555039
- Similar Companies
- Business
- Kelly Residential & Apartment Real Estate ETF (RESI) is an exchange-traded fund that tracks the Strategic Residential & Apartment Real Estate Sector Index, providing concentrated exposure to companies engaged in the residential and multifamily real estate industry across developed markets. The fund's portfolio primarily consists of real estate investment trusts (REITs) and related equities focused on apartment buildings, single-family rental homes, student housing, manufactured homes, and equity lifestyle properties; top holdings include Equity Residential (EQR), Essex Property Trust (ESS), AvalonBay Communities (AVB), Sun Communities (SUI), Invitation Homes (INVH), Mid-America Apartment Communities (MAA), Equity LifeStyle Properties (ELS), Canadian Apartment Properties REIT, American Homes 4 Rent (AMH), and Camden Property Trust (CPT). With approximately 28 holdings, the fund emphasizes U.S.-based assets (82.35% allocation) alongside Canadian exposures (17.11%), targeting institutional and retail investors seeking thematic real estate investment as an alternative to non-traded REITs, mutual funds, or private equity. Launched on January 12, 2022, and listed on NYSE Arca, RESI is issued by Kelly Strategic ETF Trust and advised by Kelly Strategic Management, LLC, an affiliate of Kelly Intelligence, with portfolio management handled by Dustin Lewellyn, Ernesto Tong, and Anand Desai. Headquartered in Englewood, Colorado, the fund benefits from Kelly Intelligence's expertise in thematic ETF design, founded by industry veteran Kevin Kelly, who serves as CEO. The net expense ratio stands at 0.00% following a fee waiver implemented in May 2022, enhancing cost efficiency for investors. Recent developments include the reduction of management fees to zero in 2022, positioning RESI as a competitively priced option in the sector ETF space, alongside the launch of complementary thematic ETFs like the Kelly Hotel & Lodging Sector ETF (HOTL) by Kelly ETFs. No major acquisitions, funding rounds, partnerships, or product expansions specific to RESI have been announced in the last 1-2 years, with the fund maintaining its focus on market-cap-weighted exposure to residential real estate amid ongoing portfolio rebalancing. As of late 2024, assets under management remain modest at approximately $973,000, reflecting its niche positioning within the broader real estate ETF category.