PEJ vs TSIC

PEJBInvesco Dynamic Leisure and Entertainment ETF

TSICCTruth Social American Icons ETF Amrn Icons ETF

In short

PEJ The travel-and-fun trade, run like a quant screen: roughly 30 US leisure and entertainment stocks re-ranked every quarter on momentum, quality, management action and value. Fee is 0.58%, with no waiver doing the work. Trading since 2005.

TSIC TSIC puts a media brand on a plain index fund: it tracks the Truth Social - Yorkville American Icons Index, a rules-based basket of US consumer-lifestyle stocks. The theme is the hook; the machinery underneath is standard indexing.

Stated mandate

PEJ The fund seeks capital appreciation through an index that evaluates companies using multiple investment-merit criteria.

TSIC The Fund seeks to provide investment results that generally correspond, before fees and expenses, to the performance of the Truth Social TM – Yorkville American Icons Index.

Why people hold it

• PEJ Nearly two decades of live history, through a full shutdown-and-reopening cycle for travel, make this one of the originals in the niche and a strong one in its peer group.
• The index skips the usual mega-cap tilt: the eight largest constituents share 40% of the weight while 22 smaller names split 60%, so mid-size operators actually move the needle.sec.gov
• Holdings get re-screened quarterly on price momentum, earnings momentum, quality, management action and value, so names keep having to earn their slot.invesco.com
• Moderately traded for such a narrow theme, which makes getting in and out less of a chore, and it pays distributions quarterly.

• TSIC Rules first, not stock picking. Holdings come from the published inclusion criteria of a named index, so the basket is set by a methodology rather than a manager's conviction.
• 0.65% a year sits right at the median for its consumer-theme cohort. Not the discount rack, not the top shelf.
• Clean mandate: US stocks only, in a standard 1940 Act fund. No currency sleeve, no bonds, no derivatives wrapper to decode.
• Its benchmark is its own. No other fund in the consumer-lifestyle cohort tracks the same index, so the lineup is not a clone of the incumbents.

Worth knowing

• PEJ Concentration is the point and the trade-off: about 30 stocks inside one corner of consumer discretionary, with no other sector to cushion a rough stretch for leisure spending.
• Quarterly reconstitution means real turnover. What the fund holds in February may look different by November, so this is not a buy-it-and-forget-the-names basket.sec.gov
• At 0.58% it sits near the typical fee for consumer-lifestyle thematics, and above the group's cheapest options: MILN and PAWZ each charge 0.50%, also without a waiver.

• TSIC Launched at the very end of 2025, so there is thin live history to judge how closely it hugs its index or how it acts in a rough tape.
• A small fund that trades lightly, which can mean wider bid-ask spreads and more price drift versus the value of what it holds.
• Payouts arrive on no fixed schedule, and cheaper shelf-mates exist in the same theme: MILN and PAWZ each charge 0.50%.

Full PEJ profile⁠

Full TSIC profile⁠