WHEATON, Ill.--(BUSINESS WIRE)--YieldShares, the U.S. based ETF Sponsor focused on investment strategies for income investors, announced the cross-listing of the YieldShares High Income ETF (NYSEArca: YYY) on the Mexican stock exchange, Bolsa Mexicana de Valores (BMV). The YieldShares High Income ETF holds a basket of 30 U.S.-listed closed-end funds (CEFs) selected via a rules-based index. The fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ISE High Income™ Index.
The ISE High Income™ Index is an investment strategy-based index seeks to measure the performance 30 CEFs ranked highest overall by the ISE in three criteria: fund yield, fund discount to net asset value and fund liquidity. The Index reconstitutes once a year and follows a modified linear weighting methodology.
“The YieldShares High Income ETF (YYY) provides efficient access to a high current income strategy diversified across multiple asset classes, fund managers and investment styles,” said Christian Magoon, CEO of YieldShares. “The cross-listing of YYY presents a compelling opportunity to expand YieldShares’ unique focus on investment strategy based income ETFs.”
YieldShares LLC is an ETF Sponsor expanding access to income investment strategies through ETFs. Founded by ETF industry veteran Christian Magoon, the firm sponsors the YieldShares High Income ETF (NYSEArca: YYY). For more information, please visit http://www.yieldshares.com.
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 Penserra Capital Management 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.