WEBs Investments Expands Defined Volatility℠ ETF Suite with Launch of 11 Sector Funds
Each fund tracks a Defined Volatility index created by Syntax with each index providing investment exposure to an underlying Select Sector SPDR ETF. Each fund evaluates short-term realized volatility daily, using data from the prior 21 trading days. When volatility falls below the Defined Volatility level, the fund increases exposure to the underlying ETF. When volatility exceeds the target, the fund reduces exposure, reallocating to cash equivalents or
| Defined Volatility Sector ETF | Underlying SPDR ETF | Defined Volatility Rate | |
| DVXB – WEBs Defined Volatility XLB ETF | XLB (Materials) | 30% | |
| DVXC – WEBs Defined Volatility XLC ETF | XLC ( |
30% | |
| DVXE – WEBs Defined Volatility XLE ETF | XLE (Energy) | 30% | |
| DVXF – WEBs Defined Volatility XLF ETF | XLF (Financials) | 30% | |
| DVXK – WEBs Defined Volatility XLK ETF | XLK (Technology) | 30% | |
| DVIN – WEBs Defined Volatility XLI ETF | XLI (Industrials) | 25% | |
| DVRE – WEBs Defined Volatility XLRE ETF | XLRE (Real Estate) | 25% | |
| DVUT – WEBs Defined Volatility XLU ETF | XLU (Utilities) | 25% | |
| DVXY – WEBs Defined Volatility XLY ETF | XLY (Consumer Discretionary) | 25% | |
| DVXP – WEBs Defined Volatility XLP ETF | XLP (Consumer Staples) | 20% | |
| DVXV – WEBs Defined Volatility XLV ETF | XLV (Health Care) | 20% | |
“By bringing our Defined Volatility framework to the sector level, we’re introducing additional options for investors seeking to manage risk more precisely,” said
The WEBs Defined Volatility Sector ETFs build on WEBs’ flagship products, the WEBs Defined Volatility SPY ETF (Nasdaq: DVSP) and the WEBs Defined Volatility QQQ ETF (Nasdaq: DVQQ), which apply the same methodology to dynamically adjust exposure to the SPDR S&P 500
The WEBs Defined Volatility Sector ETFs are supported by Syntax’s index design, with Westwood providing operational and distribution support.
For more information, visit websinv.com.
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Media Contact:
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webs@gregoryfca.com
The Funds are distributed by
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 Fund, 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 Exchange. The Fund implements its 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 Fund 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 Fund will concentrate its investments to approximately the same extent as the Underlying ETF. Because the Fund seeks exposure to the Underlying ETF, the Fund's investment performance largely depends on the investment performance and associated risks of the Underlying ETF. A significant portion of the Underlying ETF is represented by securities of companies in the information technology sector. The Fund is classified as “non-diversified” which means that the Fund may invest a higher percentage of its assets in a fewer number of issuers than is permissible for a “diversified” fund. If for any reason the Fund is unable to rebalance all or a portion of its portfolio, or if all or a portion of the portfolio is rebalanced incorrectly, the Fund's investment exposure may not be consistent with the Fund's investment objective. In these instances, the Fund may have investment exposure to the Index that is significantly greater or less than what is intended in its strategy. As a result, the Fund may be more exposed to leverage risk than if it had been properly rebalanced and may not achieve its investment objective. There can be no assurance that the Fund will achieve its investment objective and could incur substantial losses. The Fund's returns will likely differ in amount, and possibly even direction, from the returns of the Underlying ETF. These differences can be significant, the Fund could lose money regardless of the performance of its Underlying ETF and as a result of portfolio rebalancing, fees, the Underlying ETF's volatility, compounding and other factors, the Fund is unlikely to match the performance of the Underlying ETF.
Source: Westwood Holdings Group Inc
Source: WEBs Investments Inc.
