The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. OWNS as an actively managed Fund, does not seek to replicate a specified index. Small movements in interest rates may quickly and significantly reduce the value of certain mortgage-backed securities. Mortgage-backed securities are subject to prepayment and extension risk and therefore react differently to changes in interest rates than other bonds. Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. Narrowly focused investments and investment in smaller companies typically exhibit higher volatility. Investment in commodities are subject to much higher volatility than more traditional investments. Brokerage commissions will reduce returns. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Investing involves risk, including the possible loss of principal.
This and additional information can be found in Impact Shares’ statutory and summary prospectus, which may be obtained by calling 84, or by visiting the prospectuses carefully before investing. Calculated at the end of each business day.ģ0-Day Median Bid Ask Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer and identifying the median of those values.Ĭarefully consider the Funds investment objectives, risk factors, charges, and expenses before investing. NAV The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. NAVs are calculated using prices as of (4:00 PM Eastern Time). Prior to, market price returns were based on the midpoint between the Bid and Ask price. MARKET PRICE Beginning, the market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. For performance data current to the most recent month end, please call 84. Market returns does not represent the returns you would receive if you traded shares at other times. Returns for periods of less than one year are not annualized.
Current performance may be lower or higher than the original cost. Investment return and principal value of an investment will fluctuate so that an investor`s shares, when redeemed or sold, may be worth more or less than the original cost. Performance data quoted represents past performance and is no guarantee of future results. Through its many direct services, community-based programs, and public policy advocacy, the YWCA has delivered social impact for more than 160 years. YWCAs across the United States serve over 2 million women and families each year in over 1,200 communities. WOMN includes companies that align with the YWCA’s vision of how corporations can advance women’s empowerment and gender equality.įounded in 1858 as a voice for women’s issues, YWCA USA represents more than 200 YWCA associations in 46 States and the District of Columbia.
This provides an additional funding source for the YWCA’s mission to eliminate racism, empower women and promote peace, justice, freedom, and dignity for all. Impact Shares is a 501(c)(3) non-profit organization, that donates all net advisory profits from WOMN’s ETF management fee to the YWCA.
With WOMN, investors may achieve broad equity market returns while driving social change. Large and Mid-Cap companies, comparable to that of the Russell 1000 Index. WOMN is designed to provide broad market exposure to U.S.