Simplify is not responsible for the content on external websites and makes no judgment or warranty with respect to the accuracy, timeliness, or suitability of the content, services or products found on the websites linked hereto. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Roundhill Investments is an SEC-registered investment advisor focused on offering innovative ETFs.

• Carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing.
• 30-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds.
• See our overview of the Fund Analyzer and the different comparisons that can be modeled in the tool.
• But as is the case with any investment product, it pays to be informed and understand the risks before making any financial decisions.
• Some are very well-known or broad market benchmarks or indexes, such as total stock or bond market indexes.

Exposure Breakdowns

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.

Institutional Separate Accounts and Separately Managed Accounts are offered by affiliated investment advisers, which provide investment advisory services and do not sell securities. These firms, like Invesco Distributors, Inc., are indirect, wholly owned subsidiaries of Invesco Ltd. We deliver expanded investment opportunities for investors seeking growth, income and risk-managed strategies. This fund does not seek to follow a sustainable, impact or ESG investment strategy.

INVESTMENT OBJECTIVE

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, calvenridge review when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

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.

Income Yields

Certain sectors and markets perform exceptionally well based on current market conditions and iShares and BlackRock Funds can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated. IShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, iShares continues to drive progress for the financial industry. IShares funds are powered by the expert portfolio and risk management of BlackRock.

ETPs also assume the risks of the underlying assets in which they invest, such as commodities and bonds. For more on asset class-specific risks, review the appropriate investment product information. Instead, ETFs—and ETPs more generally—employ a unique share issuance and redemption mechanism.

NAV returns assume the reinvestment of all dividend and capital gain distributions at NAV when paid. The Distribution Rate is computed as the normalized current distribution (annualized) over NAV per share. In addition to net interest income, distributions may include capital gains and return of capital (ROC). Understand the tax implications of any investment product you’re considering, and consult a tax professional if you’re uncertain about how you might be affected. Some ETNs may be called at the issuer’s discretion, meaning they can be subject to early redemption or an accelerated maturity date.

How could fees and expense ratios affect returns?

Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. Currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. The calculated values may have been different if the valuation price were to have been used to calculate such values. Like other ETPs, ETNs can be linked to well-known, broad-based stock indexes or to indexes tied to emerging markets, commodities, volatility, a specific industry sector (e.g., oil and gas pipelines), foreign currencies or other assets. This might offer investors convenient and cost-effective exposure; however, these investment vehicles can also be complex and carry additional risks. Unlike with a mutual fund, retail investors may transact at prices that can deviate—sometimes significantly—from the underlying value of the ETP.