Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. For periods greater than one year, performance data is annualized.
Effective August 1, 2026, the market price returns are calculated using the official closing price as reported by the ETF’s primary exchange. Prior to August 1, 2026, market price returns were calculated using the midpoint between the bid and ask prices as of the closing time of the ETF’s primary exchange (typically 4 p.m., Eastern time). The returns shown do not represent the returns you would receive if you traded shares at other times.
The Morningstar US Real Estate Index is designed to measure the performance of mortgage companies, property management companies, and REITs in the United States. Indexes are unmanaged and, therefore, have no fees. Investors cannot invest directly in an index.
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 may apply and will reduce returns. Returns include reinvestment of dividends and capital gains. The Fund commenced operations on November 1, 2023, and first traded on the exchange on November 2, 2023.
