IRVINE, Calif.--(BUSINESS WIRE)--Dhandho Funds LLC (“Dhandho”) is pleased to announce its new service providers for the Dhandho Junoon Exchange Traded Fund (“the ETF”), which trades on the New York Stock Exchange Arca (NYSE Arca: JUNE). Dhandho is the Sponsor of the ETF.
“We’re excited to work with this wonderful set of partners, including SEI Investments Distribution Co., Cambria Investment Management, and, last but not least, Meb Faber,” said Mohnish Pabrai, CEO of Dhandho. INDXX LLC will continue to serve as index provider.
The ETF consists mostly of large-capitalization stocks carefully selected from three buckets: (1) Share Buybacks, (2) Select Value Manager Holdings, and (3) Spin-Offs. The three strategies are blended together in an effort to lower volatility and maximize returns.
“Some may call us a smart beta ETF. I think of it as a portfolio loaded with value and quality - stocks that are cheap and/or generate high returns on equity,” said Pabrai. “We believe our ETF has real promise for the long-term investor looking to compound their wealth and beat the S&P 500 over the long haul.”
IMPORTANT DISCLOSURES AND DEFINITIONS:
An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a summary or full prospectus, which contains this and other information please contact your financial professional or call 1.844.808.3557. Read the prospectus carefully before investing.
The underlying index, the Dhandho Junoon Index (ticker: NOON), (the “Index”) utilizes a proprietary, rules-based methodology developed by Indxx LLC (the “Index Provider”) to select approximately 100 U.S. equity securities, MLPs and ADRs listed on the New York Stock Exchange (“NYSE”), NYSE Arca, Inc. (“NYSE Arca”) and the NASDAQ Stock Market from three categories of issuers: Share Buyback, Select Value Manager Holdings, and Spin-offs.
For more information on the methodology of the Index please visit the Index Provider website.
The S&P 500 Index is the Standard & Poor’s composite index of 500 stocks, a widely recognized, unmanaged index of common stock prices.
Tanvi Arora is registered with Foreside Fund Services, LLC which is not affiliated with Dhandho Holdings or its affiliates.
SEI Investments Distribution Co. is the Distributor of the Dhandho Junoon ETF.
An investment in the ETF involves risk, including loss of principal.
Investments in securities of MLPs involve risks that differ from an investment in common stock. MLPs are controlled by their general partners, which generally have conflicts of interest and limited fiduciary duties to the MLP, which may permit the general partner to favor its own interests over the MLPs. As the Fund may invest in American depository receipts (“ADRs”), its investments may involve risks of foreign investing, including, among others, that there is generally less complete financial information for foreign issues than there is for U.S. issuers. In addition, adverse political, economic or social developments could undermine the value of the Fund’s investments or prevent the Fund from realizing the full value of its investments. Also, accounting, auditing and financial reporting standards for companies based in foreign markets generally are less stringent than those in the United States. ADRs also may not track the price of the underlying foreign securities on which they are based and their values may change materially at times when U.S. markets are not open for trading.
The Fund seeks to track the Dhandho Junoon Index (the “Underlying Index”). To the extent the Underlying Index concentrates in the securities of issuers in a particular region, economy, country, market, industry or sector, the Fund also will concentrate its investments approximately to the same extent. By concentrating its investments in an industry or sector, the Fund faces more risks than if it were diversified broadly over numerous industries or sectors. Investments in small/mid cap companies will generally experience greater price volatility.
Dhandho Junoon ETF is a new product with limited operating history.
About Dhandho Funds LLC
Dhandho Funds LLC is a subsidiary of Dhandho Holdings that focuses on developing unique investment products like the Dhandho Junoon ETF.