North American Oil Sands ETF (SNDS) Declares First Quarterly Distribution
3.50 Percent Annualized Yield
THE WOODLANDS, Texas--(BUSINESS WIRE)-- The Sustainable North American Oil Sands ETF (NYS: SNDS) has declared its first distribution at an annualized yield of 3.50 percent. The 30 Day SEC Yield as of August 31, 2012 was 2.02 percent. Since inception on June 12, 2012 through June 30, 2012, SNDS has a cumulative return of 4.30 percent. 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. For performance current to the most recent month-end, please call 1-855-SWM-FUND or visit http://www.swmetfs.com.
"SNDS represents one of the most internationally diversified and highest yielding energy ETFs available in the US," says Derek Gates, CFA, founder of Sustainable Wealth Management, Ltd. "The underlying index's focus on the fast growing Canadian oil sands provides investors with equal-weighted exposure to one of the largest sources of crude oil outside of the OPEC producers." Sources: www.ETFdb.com, SWM analysis of 30 ETFs; CAPP (Canadian Association of Petroleum Producers) and the IEA (International Energy Agency).
SNDS will issue $0.2240556 per share to holders of the fund. Sustainable Wealth Management estimates that 0 percent of the distribution will be treated as return of capital.
The ex-/reinvestment date for the distribution is September 19, 2012, the record date is September 21, 2012, and the payable date is September 28, 2012. Sustainable Wealth Management plans to issue future distributions on a quarterly basis. Distributions are scheduled, but not guaranteed, going forward each year in March, June and September, with the next distribution occurring in December 2012.
To obtain the most recent prospectus, please click here SNDS Prospectus.
To receive a distribution, you must be a registered shareholder of the fund on the record date. Distributions are paid to shareholders on the payment date. There is no guarantee that capital gains distributions will not be made in the future. Your own trading will also generate tax consequences and transaction expenses. Past distributions are not indicative of future distributions. Please consult your tax professional or financial adviser for more information regarding your tax situation.
Unlike most ETFs, the Fund expects to effect share redemptions principally for cash, rather than in-kind, which may make the Fund less tax-efficient than an investment in a conventional ETF. Furthermore, the Fund may need to sell portfolio securities in order to raise cash for redemptions. These factors may increase transaction costs and result in the Fund having wider bid and offering spreads than conventional ETFs.
Exchange Traded Concepts, LLC serves as Investment Adviser to SNDS, while Index Management Solutions, LLC serves as Sub-Adviser. Sustainable Wealth Management, Ltd serves as Index Provider and Structured Solutions AG calculates the Index.
About Sustainable Wealth Management, Ltd.
Sustainable Wealth Management is an index provider dedicated to developing indexes for ETF providers and institutional investors. Indexes are based on equal-weighted or industry specific fundamental factors. The firm specializes in the North American energy sector with a strong focus on Canadian oil sands.
For more information, please visit www.swmindex.com.
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 is non-diversified. There is no guarantee that income will be paid. The fund invests in the energy industry, which entails greater risk and volatility.
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. Sustainable North American Oil Sands 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.
for Sustainable Wealth Management, Ltd.
Luke Napoli, 610-228-2127
KEYWORDS: United States North America Texas
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