One Trust Launches Fund-Of-Funds Equity ETF

U.S. One Trust, part of a Reno, Nev.-based investment adviser that was formed in 2008, launched a fund-of-funds ETF that will invest in other ETFs to achieve its objective of giving investors global equity exposure and benchmark its performance to the S&P 500.

The One Fund (NYSEArca: ONEF) will invest in ETFs tracking various indexes that include large-, mid- and small-capitalization companies in the U.S., Europe and Asia as well as in the emerging markets. The ETF will have annual fees totaling 0.51 percent, the company said in a press release.

ONEF will have no limits on percentages of assets that can be invested in ETFs focused on foreign securities, including in the emerging markets, the filing said.

U.S. One Trust is part of
U.S. One Inc., the ETF’s investment adviser. Bank of New York Mellon will serve as the fund’s administrator and custodian.

The company filed a registration statement with the Securities and Exchange Commission last month laying out details of the fund.