TRUD

TRUD is an actively managed ETF investing in equity securities or instruments providing exposure to US-listed companies in the consumer discretionary sector. Industries targeted include retail, hotels, restaurants, leisure, apparel, autos, distributors, and consumer services. The fund prioritizes well-established market leaders with industry dominance, large market capitalization, high growth, and strong performance. It may invest directly in common stocks, ETFs, or derivatives (with derivatives generally not exceeding 20% of portfolio notional value). As a non-diversified fund, it may concentrate heavily in specific issuers or industries within the sector.