OAKLAND, Calif., Sept. 16, 2014 /PRNewswire/ -- USCF Advisers announced the listing of a new exchange traded fund, the "Stock Split Index Fund" today, on the New York Stock Exchange (NYSE).
The Stock Split Index Fund (NYSE ticker: TOFR) seeks to track the price and yield performance of the 2 for 1 Index, less fees and expenses. The Stock Split Index Fund allows investors to access a portfolio of companies whose stocks have recently split, in an easy-to-trade ETF and is based on the 2 for 1 Index (the "Index"). The Index is based on a model portfolio of the stocks of companies that have recently split, as published each month in the "2 for 1 Newsletter". The "2 for 1 Newsletter" is an investment newsletter that publishes research and analysis, including a model portfolio, and has been published monthly since 1996.
"We're pleased to launch this new fund, which is based on an index with well-established research", says John Hyland, Chief Investment Officer of USCF Advisers. "The 2 for 1 Index idea is that a stock that splits may outperform expectations for a period of time. Investors and investment professionals have both been taught that stock splits really shouldn't impact a stock's performance, but there has been a lot of material published that demonstrates that stock splits, do in fact, matter. This new ETF gives investors an easy way to access these companies in a convenient, low-cost way."
About the 2 for 1 Index
The 2 for 1 Index contains approximately 30 companies which trade on major US stock exchanges. Companies eligible for inclusion in the Index have all announced a 2 for 1 (or higher) stock split within the 6 months prior to selection for the Index. Each month, the 2 for 1 Index is updated on the Friday closest to the 15th of that month. The pool of eligible companies is evaluated and ranked according to a proprietary methodology, and the top ranked choice is selected for the Index. One new stock is added to the Index, and the oldest stock is removed. All positions are then rebalanced to equal weight.
About USCF Advisers
USCF Advisers is a registered investment adviser, located in Oakland, CA.
An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call (800) 920-0259, or visit www.stocksplitindexfund.com. Read the prospectus carefully before investing.
Investing involves risks, including loss of principal. The market value of shares of common stock can be volatile and change quickly. Fund concentration generally leads to greater price volatility. Investment in small companies generally experience greater price volatility. Fund may consist of foreign stocks, if such stock is traded on a U.S. Exchange. Foreign stocks are subject to various regulatory, legal, political, and tax regimes that can have very different consequences.
Stock Split Index Fund (TOFR) is not a mutual fund. An investment in the Fund may not be suitable for all investors.
TOFR shares trade directly with "authorized participants" in minimum blocks of 20,000 shares. TOFR shares are not individually redeemable. Individual investors must buy and sell TOFR shares in the secondary market through their brokerage firm. Brokerage commissions may apply.
The Fund is new with limited operating history.
Stock Split Index Fund℠ and its respective design mark are registered service marks of USCF Advisers LLC. USCF Advisers℠ is a registered service mark. All rights reserved.
USCF Advisers LLC is the investment adviser to Stock Split Index Fund. 2 For 1 Index is sponsored by Neil Macneale, Inc. and licensed by USCF Advisers LLC. Stock Split Index Fund is distributed by ALPS Distributors, Inc. USCF Advisers LLC is not affiliated with Neil Macneale, Inc.
©Copyright 2014 USCF Advisers LLC. All rights reserved.
For additional information contact:
ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203
Not FDIC insured. No Bank guarantee. May lose value.
SOURCE USCF Advisers