NEW YORK--(BUSINESS WIRE)--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.
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*Table below represents standardized performance as at 6/30/2017 |
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| 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%* | |||||||
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QYLD has a gross expense ratio of 0.60% |
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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.
