NEW YORK — THOR Financial Technologies, LLC — an investment adviser providing proprietary research and asset allocation based a lower volatility model — today announced plans to transfer the listing of the THOR Low Volatility ETF (the “Fund”), an exchange-traded fund (ETF), from NYSE Arca, Inc. to the NYSE. The transfer is expected to occur on or about February 1, 2023. No shareholder action is required because of this change, nor is the transfer expected to affect the trading of Fund shares.
About THOR Financial Technologies, LLC is an SEC registered investment advisor and serves as THLV’s investment advisor. THLV is available to investors through most individual brokerage firms. THOR Financial Technologies, LLC provides investment solutions that deploys portfolios in a more intelligent way with a main focus on managing risk. THOR supports forward-thinking financial advisors and investors who believe cutting edge research is essential to access differentiated and productive investment technology.
“The move to the NYSE allows us to provide consistent pricing and truly institutionalize our offering as we grow our family of funds,” said Brad Roth, chief investment officer at THOR Financial Technologies. “This move represents THOR’s and NYSE’s commitment to an exceptional investment and execution experience. THOR strives to offer a best-in-class investor experience, and we believe bringing more oversight with the Designated Market Maker (DMM) system will further improve the experience and strengthen our commitment to ETF traders and shareholders.”
THLV seeks to achieve its investment objective by investing at least 80% of its total assets in securities included in the Index (THOR Low Volatility Index). The rules-based index is comprised of U.S. equity exchange traded funds (“ETFs”). The primary goal of the Index is to gain exposure to U.S. large cap equities while attempting to lower volatility by avoiding sectors that are currently in a down trending cycle.
“We are excited to welcome THOR to the NYSE floor, where the best-in-class DMM model is available to provide ETFs superior liquidity throughout each trading day, alongside tighter and more liquid opening and closing auctions,” said Douglas Yones, Head of ETFs at the NYSE. “We are focused on seeking continuous improvement of the overall investor trading experience and are pleased that THOR will have access to the world’s premier exchange for listing and trading ETF’s.”
About NYSE Group
NYSE Group is a subsidiary of Intercontinental Exchange (NYSE: ICE), a leading global provider of data, technology and market infrastructure. NYSE Group’s equity exchanges — the New York Stock Exchange, NYSE American, NYSE Arca, NYSE Chicago and NYSE National — trade more U.S. equity volume than any other exchange group. The NYSE, an ICE exchange, is the premier global venue for capital raising. NYSE Arca Options and NYSE Amex Options are leading equity options exchanges. To learn more, visit nyse.com.
About Intercontinental Exchange
Intercontinental Exchange, Inc. is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.
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Important Risk Information: While the shares of ETFs are tradeable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF’s net asset value. Brokerage commissions and ETF expenses will reduce returns. There is no guarantee that the THLV will achieve its objective. The universe of acceptable investments for the Fund may be limited as compared to other funds due to the Fund’s low volatility model. Because the Fund does not invest in companies that do not meet its low volatility criteria, and the Fund may sell portfolio companies that subsequently violate its criteria, the Fund may be riskier than other mutual funds or ETFs that invest in a broader array of securities.
Past performance is no guarantee of future results. The Fund is newly formed and has no operating history. ETF’s are subject to specific risks, depending on the nature of the underlying strategy of the fund. These risks could include liquidity risk, sector risk, as well as risks associated with fixed income securities, real estate investments, and commodities, to name a few. The Fund may be susceptible to an increased risk of loss to the extent that the Fund’s investments are concentrated in the securities of a particular issuer or issuers, country, group of countries, region, market, industry, group of industries, sector or asset class. While the shares of ETFs are tradeable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF’s net asset value. Brokerage commissions and ETF expenses will reduce returns. There is no guarantee that the Fund will achieve its objective.
Investors should consider the investment objective, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund and should be read carefully before investing. The prospectus may be obtained at https://www.thorfunds.com or by calling (800) 974-6964. The Fund is distributed by Northern Lights Distributors, LLC, member FINRA / SIPC. THOR Financial Technologies, LLC and Northern Lights Distributors, LLC, member FINRA / SIPC are not affiliated.
The THOR Low Volatility ETF is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC. THOR Financial Technologies is not affiliated with Northern Lights Distributors, LLC.
SOURCE THOR Financial Technologies