ETF Evaluator:
Truth Social American Red State REITsETF ()
Follow This ETF
(as of Aug 25)
Best Performing in Real Estate Over the Last Year
| 46.1% | Global X Data Center & Dgtl Infrs ETF (DTCR) |
| 31.7% | Invesco KBW Premium Yield Eq REIT ETF (KBWY) |
| 25.7% | State Street® SPDR® Dow Jones® REIT ETF (RWR) |
| 25.5% | Janus Henderson US Real Estate ETF (JRE) |
| 25.3% | ALPS REIT Dividend Dogs ETF (RDOG) |
Risk
Index
Risk
Index
ETF Details
Truth Social American Red State REITsETF Overview
Truth Social American Red State REITsETF (TSRS) is a passively managed Sector Equity Real Estate exchange-traded fund (ETF). Yorkville America Investment Trust launched the ETF in 2025.
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the MarketVectorTM – iREIT® Red State REITs Index.
Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in the component securities of the underlying index. The underlying index is designed to track the performance of Real Estate Investment Trusts ("REITs") that derive the majority of their revenues from states that voted for or carried a republican presidential candidate. The fund is non-diversified.
About Truth Social American Red State REITsETF (TSRS)
There are 1 members of the management team with an average tenure of 0.59 years: Matthew Tuttle (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MarketVector iREIT Red St REITs TR USD index with a weighting of 100%. Truth Social American Red State REITsETF has 27 securities in its portfolio. The top 10 holdings constitute 57.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Truth Social American Red State REITsETF is part of the Equity global asset class and is within the Sector Equity ETF group. Truth Social American Red State REITsETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 93.2% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Truth Social American Red State REITsETF has 6.6% of the portfolio in cash.
Assets Under Management
The fund has $2 million in total assets, which is below the $1 billion average for the Real Estate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TSRS Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Truth Social American Red State REITsETF expense ratio is above average compared to funds in the Real Estate category. Truth Social American Red State REITsETF has an expense ratio of 0.65%, which is 33% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Truth Social American Red State REITsETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 69% for the Real Estate category.
Recently, in the month of July 2026, Truth Social American Red State REITsETF returned 1.3%, which earned it a grade of D, as the Real Estate category had an average return of 1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Truth Social American Red State REITsETF has a trailing yield of 0.00%, which is below the 4.13% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Truth Social American Red State REITsETF Grades
Year to date, the ETF has returned 13.4%, 1.4 percentage points worse than the category, which translates into a grade of D.
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Truth Social American Red State REITsETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
TSRS Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TSRS Return (NAV) | 1.3% | 3.8% | na | na | na | na |
| TSRS Return (Price) | 0.3% | 4.0% | na | na | na | na |
| NAV +/- Price Return | 0.975% | -0.141% | na | na | na | na |
| Real Estate Avg | 1.2% | 3.6% | 17.3% | 9.2% | 2.8% | 4.3% |
| TSRS Grade (NAV) | D | C | na | na | na | na |
| +/- Category (NAV) | 0.1% | 0.2% | na | na | na | na |
| TSRS Tax-Cost Ratio | na | na | na | na | na | na |
TSRS Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TSRS Return (NAV) | 13.4% | na | na | na | na | na | na | na | na | na | na |
| TSRS Return (Price) | 13.5% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.008% | na | na | na | na | na | na | na | na | na | na |
| Real Estate Avg | 14.7% | 2.2% | 5.1% | 11.8% | -25.5% | 37.6% | -8.2% | 26.9% | -4.5% | 8.2% | 10.1% |
| TSRS Grade (NAV) | D | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -1.4% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 3 Mil |
| Share Class Assets: | $ 3 Mil |
| Turnover: | na |
| Expense Ratio: | 0.65% |
| Index Fund: | Yes |
| Index Tracked: | MarketVector iREIT Red St REITs TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.6 years | |||
| Average Tenure: 0.6 years | |||
| Managers (Year): Tuttle Matthew (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 27 |
| % in Top 10 Holdings: | 57.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 93.2% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 6.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Yorkville America Investment Trust |
| Phone Number: | 201-985-8300 |
| Website: | https://www.truthsocialfunds.com/ |
| Inception Date: | December 29, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.49% |
