NEW YORK, June 22, 2020 /PRNewswire/ -- Roundhill Investments ("Roundhill") is pleased to announce that it has partnered with Acquirers Funds ("Acquirers") and Exchange Traded Concepts to offer the Roundhill Acquirers Deep Value ETF (NYSE: DEEP), which is available for trading on the NYSE Arca. Effective today, Roundhill will act as the fund's sponsor, and Acquirers will provide the underlying index. DEEP previously traded as the Deep Value ETF, ticker DVP.
Roundhill co-founder Will Hershey commented, "while we continue to focus on building out our suite of thematic ETFs, we believe that a generational opportunity exists in value stocks at current. We are fortunate to have been able to partner with Tobias and Acquirers Funds, who bring deep domain expertise in value investing to the product."
Tobias Carlisle, Founder and Principal of Acquirers Funds said: "We believe that there are historic opportunities in deep value stocks, and small-cap deep value stocks in particular. But while value has delivered material long-run outperformance versus growth1, it's not enough to buy the cheapest stocks. Any company with a seemingly depressed stock price can make it through many value screens but, in our view, truly undervalued stocks are much more than 'cheap'; they also have strong, liquid balance sheets, a robust business capable of generating free cash flows, and buyback meaningful amounts of stock.
We begin our investment process with the 'acquirer's multiple,' the measure financial acquirers such as activists and buyout firms use to find potential targets," he continued. "We take a holistic approach to valuation, examining assets, earnings, and cash flows, to understand the economic reality of each company. An important part of this process is a forensic-accounting diligence of the financial statements, particularly the notes and management's discussion and analysis, in an effort to find information that may impact investment decisions."
Top holdings for DEEP as of the close on 6/19/2020 are AmerisourceBergen (5.54%), Tech Data (5.43%), and Best Buy (5.22%).
Tobias Carlisle is the author of the best-selling books The Acquirer's Multiple, Deep Value, and Quantitative Value, which set out the philosophy underpinning the fund.
The Roundhill Acquirers Deep Value ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Acquirers Deep Value Index.
To learn more about the fund, please visit https://www.roundhillinvestments.com/etf/deep.
About Roundhill Investments
Roundhill Investments is a registered investment adviser and ETF sponsor focused on thematic and sector-specific investing. We create thoughtful investment products designed to help investors express their vision of the future.
The firm advises the Roundhill BITKRAFT Esports & Digital Entertainment ETF (NYSE: NERD), and the Roundhill Sports Betting & iGaming ETF (NYSE: BETZ). To learn more about the company, please visit roundhillinvestments.com.
About Acquirers Funds
Acquirers Funds, LLC is a deep-value investment firm located in Los Angeles, California managed by Tobias Carlisle.
The firm advises The Acquirers Fund (NYSE: ZIG), a long/short deep value ETF of U.S. listed securities.
About Exchange Traded Concepts
Exchange Traded Concepts is a private-label ETF advisor with passive and active exemptive relief from the SEC under the Investment Company Act of 1940 to launch custom domestic and international equity and fixed income exchange traded funds through a complete turnkey solution. ETC's ETF-In-A-Box™ Solution provides an efficient and cost-effective method to bring exchange-traded funds to market with the operational and regulatory experience necessary to manage the complexities of launching and managing an ETF. By developing strategic partnerships with veteran ETF service providers, ETC assists investment managers, independent advisors, foreign asset managers, research and index providers and others in navigating the exchange-traded fund launch and ongoing management process with the time-sensitivity and professional guidance essential for maintaining regulatory compliance. Additional information can be found on the Exchange Traded Concepts' website.
Effective June 22, 2020, Roundhill Financial Inc. became the fund's sponsor and the fund's name, ticker, benchmark index, and investment objective changed. DEEP previously traded as the Deep Value ETF, ticker DVP. Exchange-Traded Concepts, LLC remains the fund's investment adviser.
DEEP and ZIG are distributed by Quasar Distributors, LLC. BETZ and NERD are distributed by Foreside Fund Services, LLC.
For DEEP, BETZ, and NERD:
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the funds please call 1-855-561-5728 or visit the website:
DEEP: https://www.roundhillinvestments.com/etf/deep
BETZ: https://www.roundhillinvestments.com/etf/betz
NERD: https://www.roundhillinvestments.com/etf/nerd
Read the prospectus or summary prospectus carefully before investing.
Investing involves risk, including possible loss of principal. These include risks related to investments in small and mid-capitalization companies, which may be more volatile and less liquid due to limited resources or product lines and more sensitive to economic factors. Fund investments may also be concentrated in an industry or group of industries, and the value of Fund shares may rise and fall more than more diversified funds. Fund investments may be non-diversified, meaning assets may be concentrated in fewer individual holdings than a diversified fund and, therefore, more exposed to individual stock volatility than diversified funds. Investments in foreign securities involves social and political instability, market illiquidity, exchange-rate fluctuation, high volatility and limited regulation risks. Emerging markets involve different and greater risks, as they are smaller, less liquid and more volatile than more develop countries. Depositary Receipts involve risks similar to those associated with investments in foreign securities, but may not provide a return that corresponds precisely with that of the underlying shares. All investing involves risk, including possible loss of principal. Please see the prospectus for specific risks related to each fund.
For ZIG:
An investor should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contain this and other important information about the Fund and are available by clicking here or a hard copy can be obtained by clicking here or calling 1-646-535-8629. Please read the prospectus or summary prospectus carefully before Investing.
Investing involves risk. Principal loss is possible. The Fund is non-diversified and may invest more of its assets in a single issuer or smaller number of issuers than a diversified fund. The Fund is not actively managed and may be affected by a general decline in market segments related to the index. To replicate the index's short positions, the Fund expects to sell securities short. Short selling may amplify changes in the Fund's NAV since it may increase the exposure of the fund to certain securities. The Fund relies heavily on proprietary quantitative models as well as information and data supplied by third parties (Models and Data). When such Models and Data prove to be incorrect or incomplete, the Index and Fund may not perform as expected. The Fund invests in securities included in, or representative of securities included in, the Acquirer's Index, regardless of their investment merits. Because the Fund employs a representative sampling the Fund may experience tracking error to a greater extent than a fund that seeks to replicate an index. Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. The NAV is the value of each share of a fund as determined by the value of its underlying holdings, including any cash in the portfolio. NAV is calculated by dividing a fund's total net assets by its number of shares outstanding. Shares are not individually redeemable from the Fund and may be only be acquired or redeemed from the fund in creation units. Shares of the ETF may be sold throughout the day on the exchange through any brokerage account. However, shares may only be redeemed directly from the Fund by Authorized Participants, in very large creation/redemption units. There can be no assurance that an active trading market for shares of an ETF will develop or be maintained.
Shares are bought and sold at market price not net asset value (NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
1 From 12/31/1999-6/18/2020, the Russell 2000 Value Index (RUJ) outperformed Russell 2000 Growth Index (RUO) by 177.34%. From 12/31/1999-12/29/2017, RUJ outperformed RUO by 310.81%. From 12/29/2017-6/18/2020, RUJ underperformed RUO by 29.84%. This is not representative of any investment product or of the DEEP Index and is meant only for illustrative purposes. An index is unmanaged and is not available for direct investment. Past performance is no guarantee of future results.
View original content:http://www.prnewswire.com/news-releases/introducing-the-roundhill-acquirers-deep-value-etf-nyse-deep-301080696.html
SOURCE Roundhill Investments