The Sustainable North American Oil Sands ETF (SNDS)
The Sustainable North American Oil Sands ETF (Ticker Symbol: SNDS) will be passively managed and will seek investment results that, before fees and expenses, correspond generally to the price and yield performance of the Sustainable North American Oil Sands Index®.
The index is designed to measure the performance of companies whose operations in the North American oil sands include oil exploration, production, refinement, marketing, storage, transportation, provision of equipment and/or provision of services ("Oil Sands Companies"). Eligible constituents for the Sustainable North American Oil Sands Index® are Canadian or U.S.-listed stocks of companies that are investing in Canada’s oil sands. The number of constituents can range between 25 and 40 depending on the depth of the market. The constituents are equal weighted.
Data as of:
|Primary Exchange||NYSE ARCA|
|Fund Inception Date||6/12/2012|
|Annual Fund Operating Expense||50bps|
|30-day SEC Yield**||2.02%|
|Net Asset Value|
|Daily Change (%)|
|Daily Change (%)|
Month End as of:
|Cumulative (%)||Avg Annualized (%)|
|1 Mo.||3 Mo.||Since Inception||1 Year||Since Inception|
Calendar Quarter End as of:
|Cumulative (%)||Annualized (%)|
|Since Inception||1 Year||Since Inception|
*Distribution Yield is the annual yield an investor would receive if the most recent distribution remained the same going forward. The yield represents a single distribution from the fund and does not represent total return to the fund. The distribution yield is calculated by annualizing the most recent distribution and dividing it by the most recent NAV.
**30-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent month end. This figure reflects the interest earned during the period after deducting the Fund’s expenses for the period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.
Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period. SWM Index's and ETF NAVs are calculated using prices as of 4:00 PM Eastern Time.
The closing market price is the Mid-Point between the Bid and Ask price as of the close of exchange. Since the Fund's Shares typically do not trade in the secondary market until several days after the Fund's inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained by visiting swmetfs.com. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Companies in the energy and oil sectors develop and produce crude oil and provide drilling and other energy resources production and distribution related services. Stock prices for these types of companies are affected by supply and demand both for their specific product or service and for energy products in general. The price of oil, exploration and production spending, government regulation, world events and economic conditions will likewise affect the performance of these companies. Correspondingly, securities of companies in the energy sector are subject to swift price and supply fluctuations caused by events relating to international politics, energy conservation, success of exploration projects, and tax and other governmental regulatory policies. Weak demand for the companies' products or services or for energy products and services in general, as well as negative developments in the energy sector generally, would adversely impact the Fund's performance. Certain oil and energy companies can be significantly affected by natural disasters as well as changes in exchange rates, interest rates, government regulation, world events and economic conditions. These companies may be at risk for environmental damage claims. Oils sands reserves produce what is sometimes referred to as synthetic crude oil, to be distinguished from conventional crude oil produced from traditional oil reserves. The marketability of synthetic crude oil is affected by many of the same factors that affect conventional crude oil and the energy sector in general including, but not limited to, market fluctuations of prices and government regulation. However, because operating costs to produce synthetic crude oil from oil sands may be substantially higher than operating costs to produce conventional crude oil, an increase in such costs or a reduction in the price of synthetic crude oil or competing products may render mining resources from oil sands uneconomical. A significant decrease in the price of conventional crude oil may have a negative impact on the economic viability of oil sands projects. The fund invests in the energy industry, which entails greater risk and volatility. The Fund is non-diversified. There is no guarantee that income will be paid.
Exchange Traded Concepts, LLC serves as the investment advisor, and Index Management Solutions, LLC serves as a sub advisor to the fund. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates. SNAOS Indexes have been licensed for use by Exchange Traded Concepts, LLC. SWM Funds are not sponsored, endorsed, issued, sold, or promoted by SNAOS, nor does this company make any representations regarding the advisability of investing in the SWM Funds.
Index data source: SNAOS Index.