TSRS ETF — Holdings & Analysis

The Truth Social American Red State REITs ETF (TSRS) is a passively managed equity ETF with approximately $0.00B in assets under management.

Launched on 2025-12-30, TSRS seeks to replicate the performance of an index composed of US-listed REITs that primarily generate revenue from states that have voted Republican in recent presidential elections. With an expense ratio of 0.65%, TSRS offers a unique, politically-aligned investment strategy within the real estate sector, although it is classified as non-diversified.

Truth Social American Red State REITs ETF (TSRS) ETF — Price, Holdings & Analysis

The Truth Social American Red State REITs ETF (TSRS) is a passively managed equity ETF with approximately $0.00B in assets under management. Launched on 2025-12-30, TSRS seeks to replicate the performance of an index composed of US-listed REITs that primarily generate revenue from states that have voted Republican in recent presidential elections. With an expense ratio of 0.65%, TSRS offers a unique, politically-aligned investment strategy within the real estate sector, although it is classified as non-diversified.

ETF Overview

TSRS is a passively managed ETF designed to closely replicate, before fees and expenses, the performance of an index of US-listed real estate investment trusts (REITs). To be included in the index, a REIT must derive a majority of its revenues from states that voted for a Republican presidential candidate in at least two of the last three elections. Securities must meet market capitalization, liquidity, and trading volume requirements, with index caps. The index is reviewed quarterly and applies a modified free-float adjusted market capitalization weighting methodology. The fund may use cash equivalents and derivatives to help manage liquidity or portfolio rebalancing, and is classified as non-diversified.

TSRS aims to provide investors with exposure to the real estate sector through a unique, politically-oriented lens. The ETF tracks an index of US-listed REITs that derive a majority of their revenue from states that have voted for a Republican presidential candidate in at least two of the last three elections. This approach differentiates TSRS from traditional REIT ETFs that focus solely on financial metrics or geographic diversification. The fund employs a modified free-float adjusted market capitalization weighting methodology and reviews its index quarterly. While specific holdings are not available in the provided data, the fund's performance is tied to the overall health and performance of the selected REITs and the real estate markets within those politically aligned states. TSRS may also use cash equivalents and derivatives to manage liquidity or portfolio rebalancing. This ETF is designed for investors seeking exposure to the real estate sector with a specific political or ideological overlay.

Risk Metrics

As a non-diversified ETF, TSRS carries a higher concentration risk compared to broadly diversified REIT ETFs. Its focus on REITs operating primarily in Republican-leaning states introduces geographic concentration risk, making it susceptible to regional economic downturns or policy changes within those states. The 0.65% expense ratio will create a drag on performance, especially when compared to lower-cost REIT ETFs. Furthermore, the fund's reliance on a specific political alignment as a selection criterion introduces a unique risk factor, as changes in political landscapes or consumer sentiment could impact the performance of the underlying REITs. The fund's relatively new inception date also means there is limited historical performance data available to assess its long-term risk profile. Past performance does not guarantee future results.

Expense Ratio

0.65%

Dividend Yield

0.00%

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Truth Social American Next Frontiers ETF (TSNF) (Equity) — 0.65% expense ratio

Questions & Answers

What is TSRS and what does it track?

The Truth Social American Red State REITs ETF (TSRS) is a passively managed ETF launched on 2025-12-30 that seeks to replicate the performance of an index of US-listed real estate investment trusts (REITs).

What is the expense ratio for TSRS?

The expense ratio for TSRS is 0.65%. This means that for every $10,000 invested, $65 is used to cover the fund's operating expenses.

While this provides access to a specific investment strategy, it's important to consider the expense ratio in the context of overall returns. The category average expense ratio for equity ETFs is approximately 0.44%, making TSRS relatively more expensive than some of its peers.

What are the top holdings in TSRS?

Unfortunately, the specific top holdings for TSRS are not available in the provided data.

However, the fund's investment strategy focuses on REITs that generate a majority of their revenue from states that have voted Republican in at least two of the last three presidential elections.

Is TSRS a good long-term investment?

Whether TSRS is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and political views. The fund's unique, politically-aligned strategy introduces a specific risk factor that may not be suitable for all investors.

The expense ratio of 0.65% should also be considered, as it will impact long-term returns.

How does TSRS compare to similar ETFs?

TSRS distinguishes itself from other REIT ETFs through its politically-aligned investment strategy, focusing on REITs operating primarily in Republican-leaning states.

While other REIT ETFs like VNQ or SCHH track broad market indexes or focus on specific sectors within real estate, TSRS offers a niche approach.

Does TSRS pay dividends?

According to the provided data, TSRS has a dividend yield of 0.00%. This indicates that, as of the current data, the fund is not distributing any dividends to its shareholders.

Investors seeking dividend income from their REIT investments may need to consider alternative REIT ETFs with a history of dividend payments.