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RISE®

Sit Rising Rate ETF

ETF Managers Capital LLC, the commodity pool operator and Sponsor to the Sit Rising Rate ETF (“SIT” or the “Fund”) has decided to close the Fund based on an ongoing review of market demand. Effective immediately, RISE will increase its cash holdings in contemplation of liquidation, will no longer accept creation orders as of October 26th, and will no longer accept redemption orders as of close of business on October 30, 2020. Trading will be suspended on the NYSE Arca at the closing of the market on October 30, 2020. Proceeds of the liquidation are scheduled to be sent to shareholders on or around November 18, 2020.
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About RISE®

RISE® seeks to directly benefit from a rise in the interest rate of U.S. Treasury notes.

  • Futures-based hedge designed to protect against a downturn in bond prices during a period of rising rates.
  • Institutional level investment management in a prepackaged solution.
  • Hedge your duration risk with as little disruption to your existing fixed income portfolio as possible.
  • Bond overlay strategy that is sub advised by Bryce Doty of Sit Investment Income, Advisors II, LLC of Sit Investments, a $14B RIA.

Investment Strategy

The weighting of the Treasury Instruments constituting the Benchmark Portfolio Index will be based on each maturity’s duration contribution. The expected range for the duration weighted percentage of the 2 year and 5-year maturity Treasury Instruments will be from 30% to 70%. The expected range for the duration weighted percentage of the 10-year maturity Treasury Instruments will be from 5% to 25%. The relative weightings of the Benchmark Component Instruments will be shifted between maturities when there are material changes in the shape of the yield curve.

Sit Investment Associates, Inc.

Sit Investment Associates, Inc. (“Sit Advisors”) is registered as a “commodity trading advisor” and will act as such for the Fund. Sit Advisors is a subsidiary of Sit Investment Associates, Inc. (“Sit”). Sit is a full product global asset manager offering management expertise in domestic equities, international equities and fixed income instruments. They have senior, experienced investment professionals who are actively involved in the investment process and client servicing. Sit has the resources of a $14.8 billion investment management firm working for the benefit of their clients.

Sit’s fixed-income investment strategy targets strong risk-adjusted returns from investment grade securities. Their equity investment strategy is growth-oriented which allows them to be responsive to growth opportunities in the developed and developing markets. Sit has achieved very competitive investment results for client portfolios over extended periods utilizing their disciplined, fundamental research-driven investment process.

For more information, visit sitinvest.com

SG Americas Securities, LLC

SG Americas Securities, LLC (“SG”) serves as the Fund’s clearing broker to execute and clear the Fund’s futures and equities transactions and provide other brokerage-related services. SG is a futures commission merchant and broker dealer registered with the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission and is a member of FINRA and the NFA. SG is a clearing member of all principal futures exchanges located in the United States as well as a member of the Chicago Board Options Exchange, International Securities Exchange, New York Stock Exchange, Options Clearing Corporation, and Government Securities Clearing Corporation.

For more information, visit americas.societegenerale.com

Related Funds
Fund Summary
Fund Inception
2/19/2015
Ticker
RISE
AUM as of 10/31/2020 1
$2,992,450
CUSIP
26923H101
ISIN
US26923H1014
Stock Exchange
NYSE ARCA
Management Fee
0.35%
Max Annual Expenses 4
1.00%
Intraday NAV (IIV)
RISE.IV
NAV Symbol
RISE.NV
Rebalance Frequency
Monthly
Index Provider
N/A
No. of Holdings 2
Index Ticker
RISEBP
Income Data
Fund Documents
Monthly Account Statements

Fund Prices

Last Updated 10/31/2020

Fund Name

Sit Rising Rate ETF

NAV

19.94

Nav Price Change

0.00

Median Bid/Ask Spread (30 Day) (%) 3

0.45

Symbol

RISE

Market Price Close

19.95

Market Price Changes

-0.06

Premium/Discount (%)

0


Month End Performance

Last Updated 09/30/2020

NAV% Market Value%
Cumulative    
1 Month -0.21 -0.32
3 Months -0.75 -0.77
6 Months -2.02 -2.05
YTD -12.38 -12.47
Since Inception Cumulative -19.53 -19.58
Annual    
1 Year -11.03 -11.14
3 Year -4.53 -4.43
5 Year -3.05 -3.09
Since Inception Annualized -3.80 -3.81

Quarter End Performance

Last Updated 09/30/2020

NAV% Market Value%
Cumulative    
1 Month -0.21 -0.32
3 Months -0.75 -0.77
6 Months -2.02 -2.05
YTD -12.38 -12.47
Since Inception Cumulative -19.53 -19.58
Annual    
1 Year -11.03 -11.14
3 Year -4.53 -4.43
5 Year -3.05 -3.09
Since Inception Annualized -3.80 -3.81

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477).


Top 10 Holdings

Last Updated 10/31/2020

Name % Total Assets Ticker Shares Held Market Value USD

Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.

Premium Discount Chart
Related Funds
Fund Summary
Fund Inception
2/19/2015
Ticker
RISE
AUM as of 10/31/2020 1
$2,992,450
CUSIP
26923H101
ISIN
US26923H1014
Stock Exchange
NYSE ARCA
Management Fee
0.35%
Max Annual Expenses 4
1.00%
Intraday NAV (IIV)
RISE.IV
NAV Symbol
RISE.NV
Rebalance Frequency
Monthly
Index Provider
N/A
No. of Holdings 2
-1
Index Ticker
RISEBP
Income Data
Fund Documents
Monthly Account Statements

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