NEW YORK, Sept. 17, 2021 (GLOBE NEWSWIRE) — International X ETFs, the New York-based supplier of exchange-traded funds, at this time introduced the scheduled liquidation of three ETFs (the “Funds”), based mostly on an ongoing assessment technique of its product lineup to make sure it meets the evolving wants of its shoppers. The Funds scheduled for liquidation embody:
|International X TargetIncome® 5 ETF||TFIV||37954Y582|
|International X TargetIncome® Plus 2 ETF||TFLT||37954Y590|
|International X MSCI China Massive-Cap 50 ETF||CHIL||37954Y566|
Primarily based upon the advice of International X Administration Firm LLC, the Belief’s adviser, the Board of Trustees decided on September 17, 2021 that it was in the very best pursuits of the Funds and their shareholders to liquidate every of the Funds. The Funds symbolize lower than 1% of the belongings of International X ETFs.
Shareholders could promote their holdings within the Funds previous to the top of the buying and selling day on [Friday, October 15, 2021], and customary brokerage costs could apply to those transactions. The Funds will stop buying and selling on the finish of the buying and selling day on Friday, October 15, 2021. The Funds will liquidate on or round Friday, October 22, 2021. Any particular person holding shares within the Funds as of the liquidation date will obtain a money distribution equal to the web asset worth of their shares as of that date. International X Administration Firm LLC, the adviser to the Funds, will bear all charges and bills which may be incurred in reference to the liquidation of the Funds and the distribution of money proceeds to buyers, apart from brokerage charges and different associated bills.
About International X ETFs
International X ETFs was based in 2008. For greater than a decade, our mission has been empowering buyers with unexplored and clever options. Our product lineup options greater than 90 ETF methods and over $35 billion in belongings underneath administration.i Whereas we’re distinguished for our Thematic Progress, Earnings and Worldwide Entry ETFs, we additionally supply Core, Commodity, and Alpha funds to go well with a variety of funding aims. Discover our ETFs, analysis and insights, and extra at www.globalxetfs.com.
International X is a member of Mirae Asset Monetary Group, a worldwide chief in monetary companies, with greater than $550 billion in belongings underneath administration worldwide. Mirae Asset has an intensive international ETF platform ranging throughout the US, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $60bn in belongings underneath administration.ii
Investing entails danger, together with the doable lack of principal. The investable universe of corporations wherein the Funds make investments could also be restricted. Narrowly targeted investments might be extra prone to components affecting that sector and topic to extra volatility. Worldwide investments could contain danger of capital loss from unfavorable fluctuation in foreign money values, from variations in typically accepted accounting ideas or from social, financial or political instability in different nations. Rising markets contain heightened dangers associated to the identical components in addition to elevated volatility and decrease buying and selling quantity. The Funds are non-diversified.
Shares of ETFs are purchased and bought at market worth (not NAV) and usually are not individually redeemed from the Fund. Brokerage commissions will cut back returns.
Rigorously take into account the funds’ funding aims, dangers, and costs and bills. This and different data will be discovered within the fund’s full or abstract prospectuses, which can be obtained at globalxetfs.com. Please learn the prospectus fastidiously earlier than investing.
International X Administration Firm LLC serves as an advisor to International X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which isn’t affiliated with International X Administration Firm LLC or Mirae Asset International Investments.
i Supply: International X, as of 9/10/21.
ii Supply: Mirae Asset, as of March 2021.