ERW - VelocityShares Equal Risk Weighted Large Cap ETF

The VelocityShares Equal Risk Weighted Large Cap ETF (ERW) is an exchange-traded fund that tracks the performance of the VelocityShares Equal Risk Weighted Large Cap Index. This index is designed to provide exposure to U.S. large-cap stocks, with a focus on equal risk weighting.

ERW seeks to provide investors with a way to gain exposure to a diversified portfolio of large-cap U.S. equities, while mitigating the risks associated with market capitalization-weighted indices. The index underlying ERW uses a proprietary methodology that considers each stock's volatility and correlation with other stocks in the portfolio to determine its weighting.

By equalizing the risk of each constituent stock, ERW aims to provide a more balanced exposure to the U.S. large-cap equity market. The fund charges an expense ratio of 0.50% and has total net assets of approximately $43 million (as of March 23, 2023).