WEBs Investments Announces Name Changes for Defined Volatility℠ ETFs
The WEBs Defined Volatility ETFs use a systematic, rules-based approach that adjusts exposure to the SPDR S&P 500
The following fund name changes are now effective:
| Ticker | Previous |
New |
| DVSP | WEBs Defined Volatility SPY ETF | WEBs SPY Defined Volatility ETF |
| DVQQ | WEBs Defined Volatility QQQ ETF | WEBs QQQ Defined Volatility ETF |
| DVRE | WEBs Defined Volatility XLRE ETF | WEBs Real Estate XLRE Defined Volatility ETF |
| DVUT | WEBs Defined Volatility XLU ETF | WEBs Utilities XLU Defined Volatility ETF |
| DVXC | WEBs Defined Volatility XLC ETF | WEBs Communication Services XLC Defined Volatility ETF |
| DVXK | WEBs Defined Volatility XLK ETF | WEBs Technology XLK Defined Volatility ETF |
| DVXF | WEBs Defined Volatility XLF ETF | WEBs Financial XLF Defined Volatility ETF |
| DVXV | WEBs Defined Volatility XLV ETF | WEBs Health Care XLV Defined Volatility ETF |
| DVXP | WEBs Defined Volatility XLP ETF | WEBs Consumer Staples XLP Defined Volatility ETF |
| DVXY | WEBs Defined Volatility XLY ETF | WEBs Consumer Discretionary XLY Defined Volatility ETF |
| DVIN | WEBs Defined Volatility XLI ETF | WEBs Industrials XLI Defined Volatility ETF |
| DVXB | WEBs Defined Volatility XLB ETF | WEBs Materials XLB Defined Volatility ETF |
| DVXE | WEBs Defined Volatility XLE ETF | WEBs Energy XLE Defined Volatility ETF |
The Defined Volatility ETFs continue to be supported by Syntax’s index design, with
For more information about the WEBs Defined Volatility ETFs, visit websinv.com.
About
About
For more information on Westwood, please visit westwoodgroup.com.
Media Contact:
Gregory
webs@gregoryfca.com
The Funds are distributed by
Investing involves risk, including the loss of principal.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call 844.455.9327 or visit our website at websinv.com. Read the prospectus or summary prospectus carefully before investing.
The Funds are newly formed and have limited operating history. The Funds are passively managed ETFs listed for trading on the NASDAQ. The Funds implement their investment objective by investing, under normal market conditions, at least 80% of its net assets (including borrowings for investment purposes) in financial instruments that achieve the investment results of the Index. The Funds will, from time to time as determined by the Index, hold cash, cash-like instruments or high-quality fixed income securities. To the extent the Underlying ETF concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Funds will concentrate their investments to approximately the same extent as the Underlying ETF. Because the Funds seek exposure to the Underlying ETF, the Funds’ investment performance largely depends on the investment performance and associated risks of the Underlying ETF. The Funds are classified as “non-diversified” which means that the Funds may invest a higher percentage of their assets in a fewer number of issuers than is permissible for a “diversified” fund. If for any reason the Funds are unable to rebalance all or a portion of their portfolio, or if all or a portion of the portfolio is rebalanced incorrectly, the Funds’ investment exposure may not be consistent with the Funds’ investment objective. In these instances, the Funds may have investment exposure to the Underlying ETF that is significantly greater or less than what is intended in their strategy. As a result, the Funds may be more exposed to leverage risk than if they had been properly rebalanced and may not achieve their investment objective. There can be no assurance that the Funds will achieve their investment objective and could incur substantial losses. The Funds’ returns will likely differ in amount, and possibly even direction, from the returns of the Underlying ETF. These differences can be significant, the Funds could lose money regardless of the performance of their Underlying ETF and as a result of portfolio rebalancing, fees, the Underlying ETF's volatility, compounding and other factors, the Funds are unlikely to match the performance of the Underlying ETF.
Source: Westwood Holdings Group Inc
