Horizons Nasdaq 100 Covered Call ETF (QYLD) Crosses $100 Million Threshold
25 Juillet 2017 - 3:05PM
Business Wire
Horizons (US) flagship buy-write fund
delivered high‐quality strategy and income at low cost
Horizons ETFs Management (US) LLC ("Horizons US"), announced
that its flagship fund, the Horizons Nasdaq 100 Covered Call ETF
(ticker: QYLD) (“the fund”), surpassed $100 million in assets. That
milestone coincides with the first day it traded over 1 million
shares. The fund started 2017 with $58.8 million in assets and has
since grown by 111.34 percent to $125 million as of July 19, 2017.
Created for and since embraced by investors who are a bit
risk‐averse and want to access the top 100 companies in the Nasdaq
while generating a steady income stream, QYLD launched on December
11, 2013 and tracks the CBOE Nasdaq‐100® BuyWrite V2 Index (“BXNT
Index”). As of June 30, 2017, QYLD has returned 9.8 percent
year‐to‐date and has maintained an average daily trading volume of
71,000 shares over the last 30 days, according to Bloomberg*.
Performance data quoted represents past performance. Past
performance is not a guarantee of future results; current
performance may be higher or lower than performance quoted.
Investment returns and principal value will fluctuate and Shares,
when redeemed, may be worth more or less than their original cost.
See http://us.horizonsetfs.com/ETF/QYLD to find the most recent
month‐end performance numbers.
“QYLD gives investors across the spectrum access to professional
options management. We have simultaneously offered upside exposure
with a monthly income stream, which is exactly what investors have
been looking for given the recent environment of depressed yields
coupled with economic uncertainties, and the current political
climate,” says Garrett Paolella, Managing Director at Horizons US.
“This milestone is a testament to the team’s success, and we’re
looking forward to continuing the momentum, both within QYLD and
across the rest of our product suite.”
QYLD is part of a group of innovative ETFs offered by Horizons
US, including the BullMark LatAm Select Leaders ETF (BMLA),
Horizons DAX Germany ETF (DAX), Horizons S&P 500® Covered Call
ETF (HSPX), and Horizons USA Managed Risk ETF (USMR).
Horizons US is a member of the Horizons Exchange Traded Funds
Group, one of the largest collective families of ETFs in the world
with approximately $14.6 billion in assets under management.
About the Horizons ETFs Group
(www.US.HorizonsETFs.com)
Horizons ETFs Management (US) LLC is a member of the Horizons
ETFs Group. The Horizons ETFs Group consists of innovative
financial services companies offering regional families of ETFs in
Canada, Korea, Hong Kong, Australia, the United States and
Colombia. Currently, all of the ETFs offered by these companies use
the Horizons ETFs’ brand with the exception of the “BetaShares”
family of ETFs in Australia and the “Mirae Asset Tiger ETFs” family
in Korea. With approximately US $14.6 billion in assets under
management and 227 ETF listings worldwide (as of May 31, 2017), the
Horizons ETFs Group makes up one of the largest collective families
of ETFs in the world. All of the Horizons ETFs Group companies and
affiliates are subsidiaries of Mirae Asset Global Investments Co.,
Ltd.
Important Disclosures: Authorized for distribution only when
preceded or accompanied by a prospectus.
Shares are bought and sold at market price (not NAV), are not
individually redeemable, and owners of the Shares may acquire those
Shares from the Funds and tender those shares for redemption to the
Funds in Creation Unit aggregations only, consisting of 50,000
Shares. Brokerage commissions will reduce returns. The Fund
engages in writing covered call Index options on the NASDAQ‐100
Index. By selling covered call options, the Fund limits its
opportunity to profit from an increase in the price of the
underlying Index above the exercise price, but continues to bear
the risk of a decline in the index. A liquid market may not
exist for options held by the Fund. While the Fund receives
premiums for writing the call options, the price it realizes from
the exercise of an option could be substantially below the indices
current market price. The Fund is considered
non-diversified and may be subject to greater risks than a
diversified fund. Horizons ETFs Management(US) LLC is the
Investment Adviser of the Fund. The Fund is distributed by Foreside
Fund Services, LLC, which is not affiliated with Horizons ETFs
Management (US) LLC or any of its affiliates. Please visit
www.US.HorizonsETFs.com or call 855‐496‐3837 if you have any
questions.
*Table below represents standardized
performance as at 6/30/2017
1-Month 3-Month 6-Month
YTD 1-Year 3-Year
Since Inception
12/11/2013 QYLD (NAV) -0.10% 3.48%
9.77% 9.77% 17.29% 7.26% 7.79%
QYLD (Market) 0.47% 3.80% 9.64%
9.64% 17.60% 7.27% 7.93%
BXN Index
0.03% 3.77% 9.58% 9.58% 17.43%
7.42% 8.01%
BXNT Index -0.03%
3.68% 10.24% 10.24% 18.39% -
9.66%*
QYLD has a gross expense ratio of
0.60%
Performance data quoted represents past performance. Past
performance is not a guarantee of future results; current
performance may be higher or lower than performance quoted.
Investment returns and principal value will fluctuate and Shares,
when redeemed, may be worth more or less than their original cost.
See http://us.horizonsetfs.com/ETF/QYLD to find the most recent
month‐end performance numbers.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170725005181/en/
Gregory FCA for Horizons ETFs (US)Leah Katsanis,
610-228-2117Horizons@gregoryfca.com
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