A subsidiary of NYSE Euronext, NYSE Arca is the leading Exchange for ETFs, with more ETF listings and assets than any exchange globally. NYSE Arca is the second largest electronic communication network in terms of shares traded.
Sub-administrator and Distributor
SEI is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth.
ISE ETF Ventures provides its partners with a broad range of capabilities in index development, index licensing, and financing of exchange-traded products. As part of the International Securities Exchange (ISE), a leading U.S. options exchange, their indexing experts are nimble, flexible and entrepreneurial with a track record of creating distinctive, out-of-the-box ideas.
Exchange Traded Concepts, LLC is a private-label ETF advisor with passive relief from the SEC to launch both domestic and international fund offerings, allowing sub-advisors to bring innovative investment ideas to market in a time-sensitive fashion.
Brown Brothers Harriman (BBH) is a leading financial services firm that partners with sophisticated asset managers, banks and insurance companies as they execute their global strategies. With approximately $4.6* trillion in assets under custody, BBH is consistently ranked** among the world's top global custodians, asset administrators, foreign exchange, securities lending and technology solution providers.
* as of June 30, 2016
** As measured by results in major industry surveys. Please see www.bbh.com/accolades for a comprehensive listing of recent industry accolades.
Frequently Asked Questions
YieldShares ETFs are listed on public U.S. exchanges, such as NYSE Arca and the NASDAQ. Investors can buy and sell YieldShares ETFs through any brokerage account. The buying and selling process for ETF shares is similar to investing in shares of a publicly traded stock. Investors will need a security identifier such as the ticker symbol, CUSIP, or ISIN. These data points can be located in the prospectus, fund summary page and fact card of each YieldShares ETF. Finally, note that YieldShares ETFs can be bought or sold anytime during normal U.S. trading hours.
The YieldShares High Income ETF (YYY) expects to pays dividends to shareholders on a monthly basis.
Regulated investment companies, including YieldShares funds, are also obliged to distribute capital gains to shareholders. The Funds are required to distribute these gains to shareholders by year-end. These gains may be generated due to index rebalancing, to meet diversification requirements, or due to cash creations and redemptions. Trading shares will also generate tax consequences and transaction expenses.
This material is not intended to be tax advice. The tax consequences of dividend distributions may vary by individual taxpayer. Please consult your tax professional or financial adviser for more information regarding your specific situation.
Because YieldShares ETFs are purchased through a Broker/Dealer, investors receive dividends (cash or stock) based on their agreement with their Broker/Dealer. If the Broker/Dealer offers a dividend reinvestment plan, YieldShares ETFs may be a part of that program.
Investors will receive a 1099 form issued by their Broker/Dealer.