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| Benefits |
The NYSE Arca Tech 100 ETF trades continuously like a stock and is listed on NYSE Arca®. Like its benchmark Index, the ETF is comprised of the 100 innovative technology-related companies in the NYSE Arca Tech 100 Index. The Indexed ETF structure offers investors many advantages:
- A diversified approach to technology
- Holdings in 16 different industry groups
- Price-weighted Index construction dampens volatility
- Intra-day trading ability
- The structure of an ETF may be more tax efficient
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| Uses |
The NYSE Arca ETF can be used by individual investors and institutional money managers. ETFs can be used to efficiently manage a portfolio because they offer features such as:
- Sector investing & rotation process
- Establishing a "core" position
- Equitizing cash by putting cash to work while portfolios are in transition
- Trading strategies in the sector
- Ability to sell short
All registered investment companies, including the NYSE Arca Tech 100 ETF (“NXT”), are obligated to distribute portfolio gains to shareholders at year-end regardless of their performance. There is no guarantee that distributions will be made in the future. Tax consequences of dividend distributions may very by individual taxpayer. Investors should consult with their individual, independent tax advisor.
Share of the fund are bought and sold at market price, not NAV, throughout the trading day on the exchange through a brokerage account. Brokerage commissions will likely be charged by the broker executing the transactions and such charges will reduce returns. Trades in NXT will also generate tax consequences and other transactional expenses. Shares may only be redeemed directly from the fund by Authorized Participants, in very large creation/redemption units. There is no assurance that an active trading market for shares will develop or be maintained. The NYSE Arca Tech 100 ETF is new and has no track record. Market volatility and volume may delay system access and trade execution. The model cannot guarantee trade execution within a given time frame.
NXT shares are subject to risk. As an index fund, the fund is subject to risk that it will not correlate perfectly to its underlying index and, therefore, its performance will deviate from the performance of the underlying index. Additionally, investments in narrowly focused investment strategies typically exhibit higher levels of volatility. Certain sectors of the market may perform exceptionally well at certain times, based upon current market conditions. Shares of the fund can benefit from that performance. Achieving such exceptional returns involves risk of volatility and investors should not accept that such returns will be repeated.
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| NXT Activity |
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Intraday
AS OF 8:00 PM ET 20 Nov 2008 |
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| Last Sale |
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$14.50 |
| Volume |
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2,000 |
| IOPV |
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$14.24 |
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Daily
AS OF 20 Nov 2008 |
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| Closing Price |
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na |
| Net Asset Value (NAV) |
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$14.20 |
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