Chicago, IL (PRWEB) July 01, 2013
YieldShares LLC, the Wheaton, Illinois sponsor of exchange-traded funds (ETFs), has launched the YieldShares High Income ETF (NYSE Arca: YYY). YYY supplies investors with price-efficient access to 30 closed-finish funds distinguished by their mixture of yield, discount to net asset value and liquidity. The CEFs are selected by the ISE High Income Index and are diversified across asset classes, investment strategies and portfolio managers.

The ISE Higher Revenue Index follows a methodology focused on two appealing characteristics of CEFs: revenue and the potential to acquire CEF shares beneath their net asset value, mentioned Christian Magoon, Chief Executive Officer of YieldShares. The goal of the YieldShares High Revenue ETF (YYY) is to provide that investment strategy in the transparent, hassle-free and liquid kind of an ETF. The outcome is a expense-effective answer providing investors access to some of the largest CEF asset managers.

The YieldShares High Income ETF (YYY) has licensed the ISE Higher Income Index as its underlying benchmark. The Index selects CEFs based on three major criteria: fund yield, discount to net asset value and liquidity. The 30 CEFs that are ranked highest all round by ISE turn into the Index. The holdings are then linear weighted with a four.25% cap on the weighting of any single CEF upon index reconstitution. The YieldShares Higher Earnings ETF (YYY) expects to spend distributions to investors on a month-to-month basis.

ABOUT YIELDSHARES

YieldShares is an ETF Sponsor founded by ETF veteran Christian Magoon. The firm is focused on earnings investing and seeks to expand access to distinctive earnings investment techniques by means of ETFs. YieldShares believes that thoughtful income investing starts with diversification across a range of asset classes, investment approaches and investment automobiles. For far more info, please check out YieldShares.com.

Carefully consider the Fund’s investment objectives, danger elements, charges and expenses ahead of investing. This and further data can be identified in the Fund’s prospectus, which may possibly be obtained by visiting http://www.yieldshares.com. Study the prospectus cautiously just before investing.

Investing includes risk, including the attainable loss of principal. Since the Fund is a fund of funds, its investment efficiency largely depends on the investment overall performance of the Underlying Funds in which it invests. An investment in the Fund is topic to the dangers connected with the Underlying Funds that comprise the Index, such as risks connected to investments in derivatives, REITs, foreign securities and municipal securities. Fixed-revenue securities’ rates normally fall as interest rates rise. Higher yield securities are subject to the enhanced threat of an issuer’s inability to meet principal and interest payment obligations. These securities may be topic to higher value volatility due to such variables as distinct corporate developments, interest price sensitivity, damaging perceptions of the non-investment grade securities markets, actual or perceived adverse economic situations, and decrease liquidity. Preferred stock is subject to many of the dangers related with debt securities, including interest price risk. In addition, preferred stock might not spend a dividend, an issuer may suspend payment of dividends on preferred stock at any time, and in particular circumstances an issuer may contact or redeem its preferred stock or convert it to common stock. International investments may also involve risk from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, and from financial or political instability. There is no assure that the fund will meet its investment objective.

The Fund will pay indirectly a proportional share of the fees and expenditures of the Underlying Funds in which it invests, such as their investment advisory and administration fees, in addition to its personal fees and expenses. In addition, at times particular segments of the industry represented by constituent Underlying Funds could be out of favor and underperform other segments.

Exchange Traded Concepts, LLC serves as the investment advisor, and Index Management Solutions, LLC serves as a sub advisor to the fund. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Exchange Traded Ideas, LLC or any of its affiliates.