U.S. One reportedly plans to file for three additional funds: a global-fixed-income ETF; a balanced ETF and a series of portfolios that will mimic target date funds, once its maiden offering has gathered $35 million in assets. InvestmentNews reports that the launches would follow the debut of its initial fund last month.

U.S. One, a recent entrant to the world of exchange-traded funds, launched its first ETF, the One Fund (ONEF), last month (see The MFWire, May 7, 2010). The initial actively managed ETF encompasses a portfolio of global equity index-based ETFs managed by The Vanguard Group Inc. and BlackRock Inc.

Paul Hrabal, president, said the portfolio structure would work with a target-date-like approach because it’s easy to use and understand. He declined to specify on what the dates of the portfolios would be based on, or how the portfolios will be designed.

OneFund’s total operating expenses are 52 basis points, which include the 16 bps fees for the ETFs in the portfolio and a 35 bps management fee. But as the fund gains assets, and if the ETFs within the portfolio lower their expenses, shareholders will see reductions, according to Hrabal. 

Edited by: Hung Tran


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