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YieldShares High Income ETF cross-lists on Bolsa Mexicana de Valores

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YieldShares has cross-listed the YieldShares High Income ETF (YYY) on the Mexican stock exchange, Bolsa Mexicana de Valores (BMV). 

The YieldShares High Income ETF holds a basket of 30 US-listed closed-end funds (CEFs) selected via a rules-based index. The fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ISE High Income Index.

The ISE High Income Index is an investment strategy-based index seeks to measure the performance 30 CEFs ranked highest overall by the ISE in three criteria: fund yield, fund discount to net asset value and fund liquidity. The Index reconstitutes once a year and follows a modified linear weighting methodology.

“The YieldShares High Income ETF (YYY) provides efficient access to a high current income strategy diversified across multiple asset classes, fund managers and investment styles,” says Christian Magoon, CEO of YieldShares. “The cross-listing of YYY presents a compelling opportunity to expand YieldShares’ unique focus on investment strategy based income ETFs.”

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