TSRS – Truth Social American Red State REITsETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the MarketVectorTM – iREIT® Red State REITs Index. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in the component securities of the underlying index. The underlying index is designed to track the performance of Real Estate Investment Trusts ("REITs") that derive the majority of their revenues from states that voted for or carried a republican presidential candidate. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TSRS	Truth Social American Red State REITs ETF	ETF	Open	—	—	Dec 29, 2025	$2.52M	0.650%	—	—	—

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