Rational Deletions ETF

Research Affiliates Deletions ETF is an equity exchange-traded fund that follows a rules-based strategy focused on U.S. micro-, small-, and mid-cap companies that have recently been removed from market cap-weighted indices. The fund is designed to capture the potential value opportunity in securities that may have been overlooked after index deletion, using a systematic approach grounded in Research Affiliates’ indexing methodology. Its portfolio spans a broad mix of sectors, with current holdings across consumer discretionary, technology, healthcare, industrials, financials, and energy. Research Affiliates Deletions ETF is used by investors seeking diversified exposure to a contrarian segment of the U.S. equity market through a passive, index-tracking structure. The fund’s role in the market is to provide access to a distinct value-oriented equity segment built around index reconstitution effects and long-term price normalization themes.