The UPGR ETF seeks to track the Solactive US Green Infrastructure Select Equity Index. The index targets US companies with business exposure to the production, generation, and distribution of green energy and sustainable infrastructure, using an equal-weighting approach.

It may suit investors seeking index-based exposure focused on the US green infrastructure theme while reducing reliance on a small number of large companies.

The ETF is passively managed and tracks an index.

The UPGR ETF uses representative sampling to track the performance of its underlying index. It selects securities based on exposure to green energy and sustainable infrastructure businesses, while the equal-weighting approach is designed to limit the influence of any single large company.

• Exposure centered on green infrastructure
• Equal-weighted index approach

Assets under management (AUM) stand at $0.6M, with an annual expense ratio of 0.35%.

Thematic ETFs may be more sensitive to industry-specific factors than broad-market ETFs. Before trading, investors should review bid-ask spreads, market conditions, expense burdens, and how equal weighting affects the actual portfolio composition.

Companies in the green energy and infrastructure sectors can be sensitive to policy direction, financing conditions, commodity costs, and changes in demand. As a result, the UPGR ETF may perform differently from the broader equity market, and short-term volatility may increase.

Fund flows into thematic ETFs are influenced by expectations for environmentally friendly infrastructure investment, interest-rate conditions, and corporate earnings outlooks. Because the UPGR ETF focuses on a relatively narrow theme, changes in inflows and outflows may affect trading conditions and market-price movements.

The fund is distinguished by its thematic concentration and equal-weighting approach, but investors should also consider industry conditions and liquidity.

The ESGU ETF offers an option that applies environmental criteria to a broad range of US stocks, while the ESGV ETF provides broad environmental, social, and governance exposure at a lower expense ratio. The DSI ETF is also comparable because it applies sustainability criteria to US equities, and the SUSA and USCA ETFs can be considered when evaluating climate- and environmental-focused alternatives. However, the UPGR ETF may differ from these products in its exposure because it focuses on the green infrastructure theme and uses an equal-weighting approach.

Before investing, investors should assess both the suitability of the theme and the characteristics of the fund's holdings. Because the portfolio, which centers on FCEL, PCT, SHLS, and BE, may be affected by fluctuations in green energy and infrastructure-related businesses, investors should consider whether to treat it as a satellite thematic allocation rather than a core holding.

The green infrastructure theme can be affected by policy, interest rates, supply chains, and infrastructure-investment conditions. The more the fund concentrates on a particular industry, the greater the potential impact of individual company results and changes in market sentiment. Investors should also consider the possibility that the ETF's market price may differ from its net asset value.

The UPGR ETF is designed for investors seeking equal-weighted exposure to the US green infrastructure theme. Its exposure may differ from that of broad US equity or environmental-criteria ETFs, so investors should review its thematic concentration, distribution structure, trading conditions, and currency movements before determining its role within a portfolio.