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PPI

Astoria Real Assets ETF

Astoria Real Assets ETF (PPI) is an actively managed, broadly diversified ETF that seeks long-term capital appreciation in inflation-adjusted terms.

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Overview

Keeping It Real

Real assets are vital resources that range from industrials to energy, real estate, commodities and more. They form the backbone of the economy, and investors looking to construct well-diversified portfolios have the potential to benefit from exposure to securities linked to these assets.

One Ticker for Real Assets Exposure

PPI offers access to an actively managed multi-asset portfolio of investments that have the potential to benefit, either directly or indirectly, from increases in the rate of rising costs of goods and services. This distinctive ETF is managed by experts at Astoria Portfolio Advisors.

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Fund Details

Exchange: Nasdaq
Ticker: PPI
CUSIP: 46141T117
Inception Date: 12/29/2021
Distribution Frequency: Quarterly
Management Fee: 0.57%
Total Ownership Expense: 0.57%
Options Available: Yes

Investor Benefits

While tech stocks get so much attention, don’t overlook the true building blocks of our global economy.

Real assets are a core allocation, but it can be challenging to maintain the right combination of investments. With PPI, investors do not have to worry about allocating to the appropriate assets at the right time and endure the hassle of rebalancing through economic cycles. The Fund offers an all-in-one, dynamic portfolio for real assets investing, coupled with the ease of ETFs: intra-day liquidity, transparency and tax efficiency.

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Multiple Types of Real Assets

PPI may hold a wide array of assets related to industrials, energy, data centers, power plays, natural resources, real estate, basic materials, bitcoin, ether, gold, utilities, infrastructure and commodities.

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Variety of Global Securities

The portfolio expects to hold 50 to 75 equity positions and may also diversify with various other securities, such as futures contracts, TIPS, REITs and other ETFs.

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Deep Expertise

Managed by Astoria Investment Management with deep expertise in ETF investing and real asset-linked strategies.

Portfolio Manager

PPI is managed by Astoria Investment Management, recognized experts in ETFs. The firm specializes in research-driven, cross-asset, ETF, and thematic equity portfolio construction.
John-Davi
John Davi is Astoria’s Founder, Chief Executive Officer and Chief Investment Officer. He is an award-winning research strategist with 20+ years of experience and he regularly appears on CNBC and Bloomberg television.
John Davi

Astoria Real Assets ETF

Portfolio Manager

20260706-Nick-Cerbone-Cropped-1
Nick Cerbone serves as a Vice President and Quantitative Strategist for Astoria Investment Management. In this capacity, Nick assists in all aspects of portfolio construction and optimization of Astoria's cross-asset ETF portfolios. Nick is a Summa Cum Laude graduate of Hofstra University with a Bachelor of Science degree in Mathematical Finance.
Nick Cerbone, CFA

Astoria Real Assets ETF

Portfolio Manager

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If you use an online broker, you may be able to invest in the Astoria Real Assets ETF (PPI) through your account. Below are links to some of the popular brokerage services.
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Frequently Asked Questions

When did PPI launch?
December 30, 2021
Where is the fund traded?
As of October 15, 2024, PPI’s main listing is on the Nasdaq.
Who manages the fund?
Astoria Investment Management (Astoria), founded by industry veteran John Davi, serves as the portfolio manager. Davi is the firm’s Chief Executive Officer and Chief Investment Officer and leads a highly experienced investment team. AXS Investments serves as the fund’s investment adviser.
What are considered to be “Real Assets” for the fund?
For purposes of PPI, a “Real Asset” derives at least 50% of its revenues or profits from, or has at least 50% of its assets committed to assets that have physical properties, such as energy and natural resources, real estate, basic materials, equipment, utilities and infrastructure. This also includes commodities including crude oil, copper, natural gas, gold, silver, platinum, palladium, soybean, live cattle, coffee, and corn.

In addition, the portfolio may hold equities in the financial sector.
Does PPI track an index?
No, PPI is actively managed. Astoria Portfolio Advisors continually monitor the fund’s investment allocation and can change the investment mix at any time.
What types of assets does PPI hold?
PPI invests at least 80% of its net assets in investments providing significant global exposure to real assets. Astoria Portfolio Advisors seeks to identify investments it believes are positioned to benefit from a sustained inflationary environment. The securities can come from across multiple asset classes.

While the majority of the portfolio holdings will be from the U.S., the Fund may have exposure to issuers from Asia, Canada or Europe.
What asset classes may be considered for the portfolio?
Among the Real Asset-related investments that may be considered for investment are:

Industrials related to production of capital goods for use in manufacturing, construction and infrastructure.

Commodities and natural resource-related securities, that may benefit from higher demand, elevated global growth, or a shortage of supply.

Global inflation-linked securities, including inflation-protected public obligations of the U.S. Treasury, commonly known as “TIPS."

Global real estate-related securities, including equity real estate investment trusts (“REITs”).

Equity interests include common stock, general and limited partnership interests of publicly traded master limited partnerships (“MLPs”), and units of royalty trusts.

Equities of companies in the financial sector.

Other ETFs that directly or indirectly invest in commodities or TIPS.
Can I trade options on PPI?
Yes. PPI options began trading on February 8, 2024.
IMPORTANT RISK INFORMATION

There is no guarantee the sectors or asset classes the advisor identifies will benefit from inflation Fund may invest a larger portion of its assets in one or more sectors than many other funds, and thus will be more susceptible to negative events affecting those sectors.

Real Assets Risk: The Fund’s investments in securities linked to real assets, such as precious metals, commodities, land, equipment and natural resources, involve significant risks, including financial, operating, and competitive risks. Investments in securities linked to real assets may expose the Fund to adverse macroeconomic conditions, such as changes and volatility in commodity prices, a rise in interest rates or a downturn in the economy in which the asset is located. Changes in inflation rates or in the market’s inflation expectations may adversely affect the market value of equities linked to real assets.

Market Risk: The market price of a security or instrument may decline, sometimes rapidly or unpredictably, due to general market conditions that are not specifically related to a particular company, such as real or perceived adverse economic, political, or geopolitical conditions throughout the world, changes in the general outlook for corporate earnings, changes in interest or currency rates, or adverse investor sentiment generally.

Equity Risk: The value of the equity securities held by the Fund may fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Fund invests.

Commodities Risk: The Fund has exposure to commodities through investments in Underlying ETFs. Commodity prices can have significant volatility, and exposure to commodities can cause the value of the Fund’s shares to decline or fluctuate in a rapid and unpredictable manner.

Futures Contracts Risk: The Fund expects that certain of the underlying ETFs in which it invests will utilize futures contracts for its commodities investments. The risk of a position in a futures contract may be very large compared to the relatively low level of margin the Underlying ETF is required to deposit in many cases a relatively small price movement in a futures contract may result in immediate and substantial loss or gain to the investor relative to the size of a required margin deposit. The prices of futures contracts may not correlate perfectly with movements in the securities or index underlying them.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the ETF Brokerage commissions will reduce returns NAV are calculated using prices as of 400 FM Eastern Time The closing price is the midpoint between the bid and ask price as of the close of exchange. Closing price returns do not represent the returns you would receive if you traded shares at other times.