Similar to shares of publicly traded companies. Investors can buy and sell the ETFs through most traditional brokerage accounts. By using fund identifiers such as a ticker symbol, ISIN or CUSIP (which can be found here: UFO and FIXT), your broker can place a multitude of order types including; limit orders, marker orders, and stop orders. Our ETFs can be traded throughout normal U.S. exchange trading hours.
FIXT is currently listed on the Nasdaq.
UFO is currently listed on the Nasdaq.
FIXT pays out dividends, if any, from its net investment income to investors at least quarterly. FIXT distributes net capital gains, if any, annually.
UFO pays out dividends, if any, from its net investment income to investors at least quarterly. UFO distributes net capital gains, if any, annually.
Brokers may make available to their customers who own a Fund’s shares the DTC book-entry dividend reinvestment service. If this service is available and used, dividend distributions of both income and capital gains will automatically be reinvested in additional whole shares of that Fund. Without this service, investors would receive their distributions in cash.
Authorized Participants are entities such as market makers and large institutions that are selected by an ETF’s advisor, who are allowed to create and redeem shares of an ETF.
In the event of a creation, an Authorized Participant acquires the individual constituents that the ETF is comprised of, and deposits them with the custodian, which in turn issues the Authorized Participant the corresponding amount of Creation Units of the ETF (each Creation Unit is the equivalent of 25,000 shares of said ETF). The mechanics of the redemption process are the opposite in that the Authorized Participant deposits Creation Units of the ETF with the custodian in exchange for the individual constituents.
Due to the index investment nature of ETFs, they tend to experience lower portfolio turnover, making them less likely to realize capital gains, which must be paid to investors on an annual basis. Additionally, by only allowing for the creation and redemption of funds by Authorized Participants at Creation Unit multiples, fewer taxable events occur in the day-to-day portfolio management. When fund creation/redemption transactions are of the in-kind security variety, the result is a non-taxable event for the fund.
A 1099 form will be issued by your broker.
As described in the prospectus, the NAV is calculated by a standard methodology. Typically this is set when the ETF’s underlying securities’ markets close. The closing market price however is the recorded last price of the trading day. This price tends to reflect the supply and demand at the time of market close. Any ETF can trade as late as 4:00 p.m. ET during the normal trading day session, however, in light volume ETFs, its last trade can occur much earlier in the day.
Closing prices displayed on this site are the official closing prices on the primary exchange that the fund is listed.
You may ask for a digital copy of the Prospectus instead of a physical paper version. Talk to your broker today to find out how you can “Go Green”. Digital versions of the prospectus also add the benefit of the search function for ease of finding and navigation throughout the document.