Carefully consider the Funds’ investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds’ prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. Because of the way they’re structured, ETPs might reduce capital gains distributions to investors and can be more tax efficient than similarly invested mutual funds. You’ll have to pay taxes on any realized capital gains when you do ultimately sell, however, and are also responsible for reporting any dividend and interest payments you receive from ETPs. Investors purchasing or selling ETNs or shares of an ETP through an investment professional typically pay a brokerage commission on each transaction, as with purchases of individual stocks.

• As with other investments, you can make money with ETPs if you sell for more than you paid.
• These screens are described in more detail in the fund’s prospectus, other fund documents, and the relevant index methodology document.
• Additional information is available in our Client Relationship Summary (Form CRS) (PDF).
• 1Gross expenses reflect fees incurred by the Fund before waivers and reimbursements, including but not limited to management fees, 12b-1 fees, and acquired fund fees and expenses.
• ETPs can also be sold short, purchased on margin or have options contracts written on them.

Learn about investing in ETFs

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. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. To view standardized performance, please click on the fund ticker links above. ETFs either passively track the performance of an underlying index or other benchmark or are actively managed investments.

Whether you’re looking to build a complete, diversified portfolio or target specific regions, factors and strategies, you can choose from more than 50 strategies for your portfolio needs. The Funds are distributed by Foreside Fund Services, LLC which is not affiliated with Roundhill Financial Inc., U.S. Bank, or any of their affiliates. The content you are trying to access is restricted and intended for Financial Professionals only. Financial Professionals who register get full access to our Advisor Hub’s suite of asset allocation case studies and tools.

Investment objectives and strategies, which are detailed in prospectuses and related documents, can vary from one ETP to another. The vast majority of ETPs are designed to track the performance of a particular market index or benchmark and are similar to index mutual funds. Importantly, ETPs tracking the same index may do so in different ways, so be sure to compare. 1Gross expenses reflect fees incurred by the Fund before waivers and reimbursements, including but not limited to management fees, 12b-1 fees, and acquired fund fees and expenses.

For more information regarding the fund’s investment strategy, please see the fund’s prospectus or, as applicable, shareholder report. The information on this site does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional/financial consultant before making any investment decisions. Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. If the issuer defaults on the note, you might lose some or all of your investment.

Unlike mutual funds, ETFs are listed on an exchange, can be traded throughout the day, and generally don’t sell shares to, or redeem shares from, retail investors directly. Most ETPs are structured as ETFs, which are registered with and regulated by the SEC as investment companies under the Investment Company Act of 1940. ETFs generally focus their investments in stocks or bonds and have diversification requirements. Alternatively, some ETPs investing in commodities, currencies or commodity- or currency-based instruments such as futures aren’t registered under this act, which can subject investors to differing degrees of regulatory protection. ETNs, on the other hand, aren’t registered as investment companies because they’re corporate debt and don’t hold an underlying portfolio of assets. ETFs and other ETPs generally combine aspects of mutual funds and conventional stocks.

Individual Investor & Retirement Plan Participant

In addition to leveraged and inverse products, many single-stock ETFs offer geared exposure but to individual stocks. Market price returns are based on the prior-day closing market price, which is the average of the midpoint bid-ask prices at 4 p.m. Market price returns do not represent the returns an investor would receive if shares were traded at other times. The performance data contained herein represents past performance which does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

Exchange-Traded Funds and Products

Since ETNs may be called at any time, their value when called may be less than the market price that you paid or even zero, resulting in a partial or total loss of your investment. While similar to the creation and redemption mechanism for other ETPs, ETNs https://calvenridge-trust.com/ don’t use APs. Instead, an ETN issuer has primary control over ETN issuance and redemption, as this directly impacts the issuer’s balance sheet. Other risks of ETNs include the risk of issuer default or other issuer actions that may impact the price of the ETN.

What other costs are involved in buying or selling a fund?

30-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. This figure reflects the income earned from dividends – excluding option income – during the period after deducting the Fund’s expenses for the period. COWS includes a fee waiver and as such shows both subsidized and unsubsidized yields. Unsubsidized 30-Day SEC Yield is what a fund’s 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place over the period.