WHEATON, Ill.--(BUSINESS WIRE)--YieldShares announced the YieldShares High Income ETF (YYY) monthly distribution paid in August 2014 was $0.17 per share. YYY’s current SEC 30 day yield is 8.01%. The fund provides exposure to 30 closed-end funds ranked highest overall by the International Securities Exchange (ISE) in three criteria: fund yield, discount to net asset value and liquidity. The information below summarizes YYY’s August income distribution per share, SEC 30 day yield and overall fund performance.
ETF Name: YieldShares High Income ETF
Income Distribution Per Share In August: $ 0.170000
SEC 30 Day Yield: 8.01% as of August 27, 2014
ETF Distribution Schedule: Monthly
YieldShares High Income ETF Performance
|Data as of 08/26/2014|
|Cumulative (%)||Avg. Annualized (%)|
|1 mo.||3 mo.||inception *||1 year*||inception*|
|Month End as of 07/31/2014|
|Calendar Quarter End as of 06/30/2014|
* The inception date of the YieldShares High Income ETF (YYY) was June 21, 2013. On that date, a previous fund from a Sponsor unrelated to YieldShares was converted into the current fund and investment objective. The previous fund was called the Sustainable North American Oil Sands ETF (SNDS) and had an inception of June 12, 2012.
The performance data quoted represents past performance. Past performance does not guarantee future results. 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. The gross expense ratio for YYY is 1.66%.
YieldShares is an ETF Sponsor expanding access to income investment strategies through ETFs. For more information, please visit http://www.yieldshares.com.
To receive a distribution, you must be a registered shareholder of the fund on the record date. Distributions are paid to shareholders on the payment date. There is no guarantee that capital gains distributions will not be made in the future. Your own trading will also generate tax consequences and transaction expenses.
Past distributions are not indicative of future distributions. Please consult your tax professional or financial adviser for more information regarding your tax situation.
Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained by visiting http://www.yieldshares.com. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. Because the Fund is a fund of funds, its investment performance largely depends on the performance of the Underlying Funds in which it invests. The Fund is subject to the risks associated with the Underlying Funds, including risks related to investments in derivatives, REITs, foreign securities and municipal securities. The underlying holdings may be leveraged, which will expose the holdings to higher volatility and may accelerate losses. Bond prices generally fall as interest rates rise. High yield securities may involve greater levels of credit, liquidity and valuation risk than for higher-rated instruments. Preferred stock is subject to many of the same risks. In addition, preferred stock may not pay a dividend, an issuer may suspend payment of dividends at any time, and in certain situations an issuer may call or redeem its preferred stock or convert it to common stock. International investments may involve risk from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, and from economic or political instability. There is no guarantee that the fund will meet its investment objective. The Fund will pay indirectly a proportional share of the fees and expenses of the Underlying Funds in which it invests, including their investment advisory and administration fees, in addition to its own fees and expenses. In addition, at times certain segments of the market represented by constituent Underlying Funds may 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 Concepts, LLC or any of its affiliates.