Tierra Funds believes thoughtful investing begins with unique strategies that take into account prevailing themes such as portfolio diversification, income and growth potential. In the firm’s view, optimal allocations should seek to balance income and growth. Consequently Tierra Funds creates strategies that seek to deliver both material monthly investment income and the opportunity to realize long term appreciation from growth.
As an ETF Sponsor, Tierra Funds recognizes the many portfolio benefits that exchange-traded funds (ETFs) seek to provide including efficiency, transparency and flexibility. However, the firm believes other investment vehicles, including closed-end funds (CEFs), offer material benefits to investors as well. This belief informs Tierra Funds’ evaluation of potential opportunities when developing investment solutions.
The Board of Trustees of ETF Managers Trust has approved the following changes to the Fund, effective on or about December 26, 2017.
1. The Fund’s name will be changed to the Alternative Agroscience ETF;
2. The Fund’s current underlying index, the Solactive Latin America Real Estate Index, will be replaced with the Alternative Agroscience Index;
3. The Fund’s investment objective will be changed to the following: “The Alternative Agroscience ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Alternative Agroscience Index” (the “New Index”); and
4. The non-fundamental policy that, under normal circumstances, the Fund will not invest less than 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of real estate related companies in Latin America will be eliminated.