![]() Low trading activity may result in shares trading at a material discount to NAV. There is no assurance that Fund shares will trade at any volume, or at all, on any stock exchange. There are a limited number of financial institutions authorized to buy and sell shares directly with the Fund, and there may be a limited number of other liquidity providers in the marketplace. ![]() The Fund is new with a limited operating history. The market price normally should approximate the Fund’s net asset value per share (NAV), but the market price sometimes may be higher or lower than the NAV. As with all ETFs, Fund shares may be bought and sold in the secondary market at market prices. Equity securities, such as common stocks, are subject to market, economic and business risks that may cause their prices to fluctuate. There can be no assurance that the Fund will achieve its investment objective. There is no guarantee these distributions will be made.įund Risks: An investment in the Fund is subject to numerous risks including the possible loss of principal. The fund intends to pay out dividends and interest income, if any, monthly. The market price is the most recent price at which the fund was traded. Returns beyond 1 year are annualized.Ī fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Performance current to the most recent month-end can be obtained by calling (866) 497-4963. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Past performance does not guarantee future results. The performance data quoted represents past performance. Please read the prospectus carefully before you invest. A prospectus may be obtained by clicking. This and other information is in the prospectus. Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses.
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