HUNTINGTON, N.Y.--(BUSINESS WIRE)--Strategy Shares, a family of exchange traded funds (ETFs) focused on bringing unique strategies to the ETF marketplace, today announced that the Strategy Shares Nasdaq 7HANDL™ Index ETF (HNDL) has declared its first monthly distribution.
Shareholders of record on Wednesday, February 14, will be paid a cash distribution of $0.140292 per share by the ETF on Thursday, February 15th. This distribution rate supports our strategy’s goal of providing a 7% annual distribution. The ex-dividend date of this distribution is Tuesday, February 13, 2018.
Launched January 2018, the Strategy Shares Nasdaq 7HANDL™ Index ETF (HNDL) powered by Nasdaq Dorsey Wright seeks to generate results that correlate generally to the performance of an index within a new indexing category called Target Distribution Indexes, and is designed to support a 7.0% annual distribution rate. All or a portion of the distribution may include a return of capital.
HNDL’s investment strategy seeks results that correlate generally to the performance of the Nasdaq 7HANDL™ Index, which was developed by Bryant Avenue Ventures in partnership with Nasdaq and Dorsey Wright. The Nasdaq 7HANDL™ Index consists of a well-diversified, multi-asset portfolio of low-cost ETFs and employs modest leverage in an amount equal to 23% of the total portfolio. The Index seeks to offer the potential for high monthly distributions while maintaining a stable net asset value over time.
“There has been a proliferation of ETFs in recent years focused on providing niche exposures, but there appears to be a lack of innovation around developing client solutions that can aid an advisor’s practice management,” said, Jerry Szilagyi, CEO of Strategy Shares. “We see an industry ripe for innovation and Strategy Shares is committed to being a part of the evolution of ETFs.”
About Strategy Shares
Strategy Shares is a family of exchange traded funds (ETFs) focused on bringing unique strategies to the ETF marketplace. Currently, Strategy Shares offers three actively managed ETFs: the Ecological Strategy ETF (HECO), the US Market Rotation Strategy ETF (HUSE) and the Strategy Shares Nasdaq 7HANDL™ Index ETF (HNDL). For more information on Strategy Shares and its fund offerings, please visit: www.StrategySharesETFs.com.
About Bryant Avenue Ventures
Bryant Avenue Ventures LLC (“BAV”) is an intellectual property firm focused on creating investment solutions that address the underserved needs of financial advisors and their clients. Founded by ETF industry veterans who have played leading roles in the development of ETFs with more than $15 billion in assets under management, BAV develops innovative indexes and works with industry-leading partners to bring new index-based investment products to market. Investment products previously created or co-created by the founders of BAV include: the first multi-asset income ETF (NYSE Arca: CVY), the first BRIC ETF (NYSE Arca: EEB), the first frontier equity ETF (NYSE Arca: FRN), the first solar ETF (NYSE Arca: TAN), the first timber ETF (NYSE Arca: CUT), the first insider-activity ETF (NYSE Arca: NFO), the first spin-off ETF (NYSE Arca: CSD), the first shipping ETF (NYSE Arca: SEA) and BulletShares ETFs (NYSE Arca: BSCI,BSCJ, BSCK, BSCL, BSCM, BSCN, BSCO, BSCP, BSCQ, BSCR, BSJI, BSJJ, BSJK, BSJL, BSJM, BSJN, BSJO and BSJP).
Investors should carefully consider the investment objectives, risks, charges and expenses of the Nasdaq 7HANDL ETF. This and other important information about the Fund is contained in the full or summary prospectus, which can be obtained by calling (855) HSS-ETFS (855-477-3837) or at www.StrategySharesETFs.com. The Strategy Shares are distributed by Foreside Fund Services, LLC, which is not affiliated with Rational Advisors, Inc., or any of its affiliates.
Investment in a fund of funds is subject to the risks and expenses of the underlying funds. Diversification and asset allocation may not protect against market risk or loss of principal. Certain sectors and markets perform exceptionally well based on current market conditions and the Nasdaq 7HANDL ETF can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated. The use of leverage can amplify the effects of market volatility on the fund’s share price and make the fund’s returns more volatile. The use of leverage may cause the fund to liquidate portfolio positions when it would not be advantageous to do so in order to satisfy its obligations. The use of leverage may also cause the fund to have higher expenses than those of funds that do not use such techniques.
HANDLS™ and HANDL™ are trademarks of Bryant Avenue Ventures LLC and have been licensed for use by Rational Advisors, Inc. Shareholders should not assume that the source of a distribution from the Fund is net profit. Shareholders should note that return of capital will reduce the tax basis of their shares and potentially increase the taxable gain, if any, upon disposition of their shares.
Distribution Policy: In order to allow shareholders of the Fund to realize a predictable, but not assured, level of cash flow, the Fund has adopted a policy (which may be modified at any time by its Board of Trustees) to pay monthly distributions on Fund shares at a target rate that supports the strategy’s annual distribution goal of approximately 7.0% on the Fund’s per-share net asset value on the date of a distribution’s declaration. Shareholders receiving periodic payments from the Fund may be under the impression that they are receiving net profits. However, all or a portion of a distribution may consist of a return of capital. Shareholders should not assume that the source of a distribution from the Fund is net profit. For more information about the Fund’s distribution policy, please turn to “Additional Information About the Fund’s Principal Investment Strategies and Related Risks – Principal Investment Strategies –Distribution Policy and Goals” section in the Fund’s Prospectus. For additional information on the Fund’s distribution policy please refer to the Fund prospectus found on: http://strategysharesetfs.com/wp-content/uploads/funds/7handl/prospectus.pdf