The team at a $2.8-billion-AUM, 16-year-old, derivatives-focused, institutional asset manager in the Beehive State are rolling out their first ETF. And they're preparing to launch nearly half a dozen more exchange-traded funds.

This morning, Pav Sethi, founder and CEO of Gladius Capital Management LP, unveiled the debut of Gladius' inaugural Wayfinder ETF, the Wayfinder Dynamic U.S. Interest Rate ETF (CMBO on the Nasdaq). The Gladius folks also filed to roll five more ETFs:

the Wayfinder Gold ETF (AUUP);

the Wayfinder U.S. Market Better Beta ETF (BBTA);

the Wayfinder U.S. Dispersion ETF (DISP);

the Wayfinder Oil ETF (LGLD); and

the Wayfinder Saber ETF (SBER).

Park City, Utah-based Gladius will serve as investment advisor to all six ETFs, while Alpharetta, Georgia-based Vident Asset Management will serve as subadvisor.

CMBO's inception date is today, while the other five ETFs have not yet debuted. It comes with an expense ratio of 15 basis points (which bakes in a 20bps fee waiver*).

SBER and BBTA will come with expense ratios of 60bps (which bake in fee waivers of 15bps*).

AUUP will comes with an expense ratio of 65bps (which bakes in a 20bps fee waiver*).

LGLD will come with an expense ratio of 85bps (baking in a 20bps fee waiver*).

DISP will come with an expense ratio of 95bps (which bakes in a 20bps fee waiver*).

The six Wayfinder ETFs will each be powered by the same four-person Gladius PM team. That team includes:

Reagan Ammann, chief risk officer;

Eric Magac, chief operating officer;

Matthew Yip, portfolio manager; and

Sethi, who also serves as chief investment officer.

Sethi describes Gladius' new suite of ETFs as designed "to make sophisticated investment solutions more accessible to every level of investor."

"Historically, these types of strategies have been available only to institutional investors," Sethi states. "We believe the time is right to democratize access to these approaches through the ETF structure."

The Wayfind ETFs are each actively managed, non-diversified series of the RBB Fund Trust. The new and planned ETFs' other service providers include:

Cohen & Company, Ltd. as independent accounting firm;

Faegre Drinker Biddle & Reath LLP as counsel;

ACA Foreside's Quasar Distributors LLC as distributor;

U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, dividend disbursing agent, and transfer agent; and

U.S. Bank, N.A. as custodian and securities lending agent.

*All six Wayfinder ETFs' fee waivers are promised through December 31, 2026. 

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