BOAT

SonicShares Global Shipping ETF

$32.56

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The SonicShares Global Shipping ETF (BOAT) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Solactive Global Shipping Index.

Overview

ETF tracking SonicShares Global Shipping ETF

Category International

Issuer Other

Inception Date 2021-08-04

Market Cap $47.2M

Average Volume N/A

Dividend Yield 12.65%

52-Week Range $22.45 - $33.65

VWAP $32.44

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The SonicShares Global Shipping ETF (BOAT) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Solactive Global Shipping Index.

🎯 Investment Strategy

The ETF invests in a portfolio of global companies that are engaged in the shipping industry, including container shipping, dry bulk shipping, and tanker shipping companies. The fund seeks to replicate the performance of the underlying index by holding the same securities in the same proportions.

✨ Key Features

Provides exposure to the global shipping industry through a diversified portfolio of shipping companies
Tracks the Solactive Global Shipping Index, which is designed to measure the performance of the global shipping market
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Concentration risk as the fund is focused on the shipping industry
Exposure to global economic conditions and trade patterns that can impact the shipping industry
Potential volatility due to the cyclical nature of the shipping business
Limited liquidity and trading volume for the ETF

👤 Best For

The SonicShares Global Shipping ETF may be suitable for investors seeking exposure to the global shipping industry as part of a diversified portfolio. However, due to the fund's limited performance history and the cyclical nature of the shipping industry, it may be more appropriate for investors with a higher risk tolerance and a longer-term investment horizon.