NEW YORK, May 13, 2019 /PRNewswire/ -- Salt Financial
LLC, a provider of data, ETF and index products, today announced a
fee waiver and contribution arrangement for the recently launched
Salt Low truBeta™ US Market ETF (Ticker: LSLT), effective
May 13, 2019. LSLT uses the firm's
proprietary truBeta™ analytics to target low volatility and beta
stability. LSLT tracks the Salt Low truBeta™ US Market Index,
providing exposure to US large and midcap equities with the
potential for better risk adjusted returns.
As part of the waiver and contribution arrangement, Salt
Financial will waive its entire 0.29% fee and contribute an
additional 0.05% from firm resources, netting to an effective 0.05%
payment to the fund on the first $100
million in assets for the next 12 months*. Salt is using
this pricing incentive to help lower costs for investors as it
seeks to grow asset levels to meet arbitrary thresholds for
inclusion on brokerage and advisory platforms. The fee arrangement
was previously announced as a part of a regulatory filing ahead of
the fund's launch in March which involved a 60-day review
period.
Paired with the Salt High truBeta™ US Market ETF (ticker: SLT),
the company offers investors the capability to target desired
levels of risk exposure in their portfolios. The funds, tracking
the Low and High truBeta™ indices share a common selection universe
and construction methodology. They begin by selecting components
from the Solactive US Large and Midcap Index, a benchmark of the
top 1,000 stocks in the US ranked by market capitalization. The
universe is further filtered by trading volume, helping minimize
transaction costs in tracking the index while selecting from a
broad range of more liquid US large and midcap stocks. The
portfolios are equally weighted, sector capped, and rebalanced
quarterly.
In addition to introducing the waiver arrangement for LSLT, the
company is announcing the launch of the Salt Hi-Lo Risk Momentum
Index, which combines the capabilities of the High and Low truBeta™
indices in a single strategy. The Index is designed to maintain
consistent exposure to lower volatility stocks while
opportunistically adding a smaller higher beta component when risk
is deemed to be more favorable.
About Salt Financial
Headquartered in New York, Salt Financial LLC is the financial
industry's first and only provider of truBeta™ portfolio
construction tools and analytics. Salt strives to deliver powerful
financial products including data, indices, and ETFs designed to
give investors the ability to target and measure specific levels of
risk. Founded by industry pioneers who have been widely
recognized for their achievement in running innovative and
disruptive businesses, Salt is committed to simplifying and
empowering the pursuit of financial outperformance for investors,
advisers, and portfolio managers. For more information, please
visit www.saltfinancial.com.
* The Adviser has contractually agreed to waive the Fund's full
unitary management fee of 0.29% on the first $100 million in net assets until at least
May 31, 2020 and to contribute to the
Fund's assets an amount equal to an annual rate of 0.05% of the
Fund's average daily net assets on the first $100 million in net assets . This agreement may
be terminated only by, or with the consent of, the Fund's Board of
Trustees.
Investments involve risk. Principal loss is possible.
There is no guarantee that a funds' investment strategy will
be successful. The Funds are non-diversified and may invest
in a smaller number of issuers than a diversified fund and invest
more heavily in a particular sector. Therefore, fund
performance may be more sensitive to developments affecting an
issuer or factors and market conditions that significantly affect
those sectors.
The performance of the Funds and its index may differ from each
other due to fund operating expenses and portfolio transaction
costs not incurred by the Index or its holdings and returns may
deviate from those of the index. Errors in the construction or
calculation of a fund's index may occur from time to time. It is
not possible to invest directly in an index.
ETF shares are bought and sold at market price (not NAV) and
shares may trade at a premium or discount to their NAV in the
secondary market. When buying or selling shares through a broker,
commissions and charges will incur and will reduce returns.
An investor should consider the Fund's investment objectives,
risks, charges and expenses carefully before investing. For a
prospectus or summary prospectus which contains this and other
important information about the Funds, please visit our web site at
www.salt-funds.com. Please read the prospectus or summary
prospectus carefully before Investing.
The Salt Low and High truBeta™ US Market ETFs are distributed by
Compass Distributors, LLC
View original
content:http://www.prnewswire.com/news-releases/salt-financial-completes-regulatory-process-for-pricing-incentive-structure-for-low-volatility-etf-powered-by-trubeta-300848449.html
SOURCE Salt Financial LLC
