In this week’s ETF and Markets video ETF Expert Todd Sohn highlights key themes shaping November:

• The continued growth of Tech + A.I. exposure
• Thematic diversification is important, but most theme ETFs are adding on more Tech
• ETF playbook considerations to diversify portfolios
• Sector flows and leverage ratio updates

This communication was prepared by Strategas (“we,” “us,” or “our”), a brand that offers investment advisory services through Strategas Asset Management, LLC, an SEC Registered Investment Adviser, and provides research to institutional investors through Strategas Securities, LLC, a broker-dealer and FINRA member firm and an SEC Registered Investment Adviser. Information regarding market or economic trends, or the factors influencing historical or future performance, reflects the opinions of management as of the date of this communication, and are subject to change. This communication is provided for informational purposes only and should not be construed as an offer, recommendation, nor solicitation to buy or sell any specific security, strategy, or investment product. The information contained herein has been obtained from sources we believe to be reliable, but no guarantee of accuracy can be made. This communication does not constitute, nor should it be regarded as, investment research or a research report or securities recommendation and it does not provide information reasonably sufficient upon which to base an investment decision. This is not a complete analysis of every material fact regarding any company, industry, or security. Additional analysis would be required to make an investment decision. This communication is not based on the investment objectives, strategies, goals, financial circumstances, needs or risk tolerance of any particular client and is not presented as suitable to any other particular client. Past performance does not guarantee future results. All investments carry some level of risk, including loss of principal.

Strategas Asset Management, LLC and Strategas Securities, LLC are affiliated with Robert W. Baird & Co. Incorporated ("Baird"), a broker-dealer and FINRA member firm, and an SEC Registered Investment Adviser, although the firms conduct separate and distinct businesses.

The ETFs described herein are referenced solely for illustrative purposes and should not be construed as an investment recommendation. An investment in exchange traded funds involves risk, including the possible loss of principal. For important disclosures and risks relating to each ETF referenced herein, see each respective funds’ prospectus or contact your financial professional.

Definitions:

ETFs (Exchange-Traded Funds) - Investment funds that trade on stock exchanges and hold a diversified portfolio of assets like stocks, bonds, or commodities.

Market Cap (Market Capitalization) - The total value of a company’s outstanding shares, calculated by multiplying share price by number of shares.

S&P 500 Index (SPX) – The S&P 500 is a stock market index tracking the stock performance of 500 leading companies listed on stock exchanges in the U.S.

Leverage - Financial leverage is the practice of borrowing money, investing the funds, and planning for future returns to be greater than debt servicing costs. 

Inverse ETF - An exchange-traded fund designed to deliver returns that are the opposite of a target index or asset, aiming to rise when the market falls and fall when it rises.

Leveraged long ETF - A type of exchange-traded fund that uses financial derivatives and debt to amplify the daily returns of a specific underlying index or asset. Instead of simply matching the index's performance, a leveraged long ETF aims to provide multiples (like 2x or 3x) of the index's gains on a daily basis

iShares Russell 2000 ETF, (IWM) – Tracks the Russell 2000 Index, providing exposure to U.S. small-cap stocks.

Fixed Income ETFs mentioned:

JPMorgan BetaBuilders U.S. Aggregate Bond ETF, (BBBI) – Provides broad exposure to U.S. investment-grade bonds.

iShares Core 5-10 Year USD Bond ETF, (IMTB) – Targets intermediate-term U.S. investment-grade bonds.

FlexShares Credit-Scored US Corporate Bond ETF, (SKOR) – Invests in U.S. corporate bonds using credit scoring methodology.

Cash-Enhanced Short Duration ETF (CSHI) – A strategy designed to provide liquidity and yield through short-duration, cash-enhanced instruments.

US Treasury Ultra-Short Duration ETF (TUST) – Focuses on ultra-short-term U.S. Treasury securities for capital preservation and minimal interest rate risk.

Yield Enhanced Short Duration ETF (YEAR) – Offers short-duration exposure with an emphasis on enhanced yield characteristics.

Commodities ETFs mentioned:

Invesco DB Base Metals Fund, (DBB) – Tracks futures on base metals like aluminum, zinc, and copper.

United States Copper Index Fund, (CPER) – Provides exposure to copper futures contracts.

iShares Bloomberg Commodity ETF (CMDT) – Provides diversified exposure to a basket of commodity futures across energy, metals, and agriculture.

Neuberger Berman Commodity Strategy ETF (NBCM) – Actively managed ETF investing in commodity-linked derivatives and securities for broad commodity exposure.

iShares Gold Trust, IAU – Offers direct exposure to physical gold bullion.

Alternatives ETFs mentioned:

Managed Futures Strategy ETF, (CTA) – Uses futures contracts across asset classes for trend-following strategies.

Adaptive Select Managed Futures ETF (ASMF) – Actively managed ETF using futures-based strategies across multiple asset classes to provide diversification and risk management.

Tail Protection ETF, (CAOS) – Designed to hedge against market downturns using options strategies.

Real Asset ETF, (RAAX) – Provides exposure to real assets like commodities, infrastructure, and REITs.

Private Credit ETF, (PPJ – Focuses on private credit and alternative lending strategies.

Crypto Income ETF, (YBTC) – Targets income generation through cryptocurrency-related investments.