For example, some ETFs with sustainable or socially responsible objectives might have very similar holdings to those of popular indexes that don’t have those objectives, and the same might be true of some actively managed ETFs. Before making any investment, know your financial objectives and understand the risks of the exact type of product you’re considering. 5The Fund’s adviser has contractually agreed, through at least October 31, 2026, to waive its management fee to 0.75% of the Fund’s average daily net assets. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory and other services. Additional information is calvenridge canada available in our Client Relationship Summary (Form CRS) (PDF).
ETFs
The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be “0.00”. For more information about the tax treatment of a particular ETP, make sure to read the prospectus or pricing supplement. Consult a tax professional if you need clarification of tax implications before making an investment. The assets held by an ETF might pay interest or dividends, which may be either reinvested or paid periodically to shareholders, depending on the way the ETF is structured.
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The performance data contained herein represents past performance which does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. For performance information current to the most recent month end, please contact us. International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments.
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Certain funds have fees waivers and/or expense reimbursements in effect. To view standardized returns for the funds, please click on any of the ETF names above. ETFs, like mutual funds, are pooled investment funds that offer investors an interest in a professionally managed, diversified portfolio of investments. But unlike mutual funds, ETF shares trade like stocks and can be bought or sold throughout the trading day at fluctuating prices.
- Simplify is not responsible for the content on external websites and makes no judgment or warranty with respect to the accuracy, timeliness, or suitability of the content, services or products found on the websites linked hereto.
- Others might be designed for more tactical use or specialized exposure, such as single stock ETFs or ETNs that are tied to a narrow index or esoteric benchmark.
- This and other information can be found in the Funds’ prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages.
- 1Gross expenses reflect fees incurred by the Fund before waivers and reimbursements, including but not limited to management fees, 12b-1 fees, and acquired fund fees and expenses.
- ETPs are market-linked products and, just like any stock, can increase or decrease in price.
- Unlike bonds, however, ETNs generally don’t pay periodic interest to investors (though some that are income-focused might), and the return is primarily based on the performance of the index or benchmark to which they are linked.
Inverse and leveraged ETNs, for example, seek to deliver set positive or negative multiples of the performance of a given benchmark or index over a specified period of time, often from the close of one trading day to the next. ETPs are market-linked products and, just like any stock, can increase or decrease in price. Market fluctuations and volatility can affect your investment returns. Other factors, such as those related to socioeconomic and political risks, might also impact market pricing. Know what the index being tracked by a particular ETP is measuring and the trading strategies it uses. In addition to any brokerage commission that you might pay, ETPs have expense ratios, like mutual funds, calculated as a percentage of the assets invested, but they don’t have loads or 12b-1 fees.
Financial Professionals who register get full access to our Advisor Hub’s suite of asset allocation case studies and tools. 6The adviser and sub-adviser have each agreed to waive its respective advisory and sub-advisory fee by 0.25% on an annualized basis through October 31, 2026. At J.P. Morgan, we’re combining the built-in benefits of ETFs with our best-in-class research insights, portfolio expertise and trading capabilities.
COWS includes a fee waiver and as such shows both subsidized and unsubsidized yields. Unsubsidized 30-Day SEC Yield is what a fund’s 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place over the period. Certain sectors and markets perform exceptionally well based on current market conditions and iShares and BlackRock Funds can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated. IShares unlocks opportunity across markets to meet the evolving needs of investors.
In addition, asset types and investment strategies previously only available to more sophisticated investors have been increasingly made available more broadly to investors through ETPs. But as is the case with any investment product, it pays to be informed and understand the risks before making any financial decisions. ETPs that invest in commodities, currencies or related futures may be structured differently, and some may even be registered under the Investment Company Act of 1940. Know what type of ETP you’re investing in, since the structure can impact the product’s costs, risks and tax consequences.
When this is the case, index performance will be lower than if the index used the Fund’s applicable withholding tax rates, if any. Before investing consider carefully the investment objectives, risks, and charges and expenses of the fund, including management fees, other expenses and special risks. This and other information may be found in each fund’s prospectus or summary prospectus, if available. Always read the prospectus or summary prospectus carefully before you invest or send money. ETPs can provide diversification, flexibility and exposure to a wide array of markets at a relatively low cost.
Some ETPs are designed to provide returns that are leveraged (such as two- or three-times) or inverse (such as the opposite or twice the opposite) of the return of the index or benchmark they track. These are typically referred to as leveraged or inverse (collectively, “geared”) ETPs. This geared exposure is usually for a specific period, like one day or one month, and such products are generally not designed to be held for periods that deviate from that. In addition to leveraged and inverse products, many single-stock ETFs offer geared exposure but to individual stocks. Market price returns are based on the prior-day closing market price, which is the average of the midpoint bid-ask prices at 4 p.m. Market price returns do not represent the returns an investor would receive if shares were traded at other times.