ETFMG Sit Ultra Short ETF (VALT) Exceeds $200 Million in Assets Under Management

ETF Managers Group LLC (“ETFMG”), a leading thematic exchange-traded fund issuer, announced today that the Sit Ultra Short ETF (NYSE ARCA: VALT) has surpassed a remarkable milestone of $200 million1 in assets under management. The actively managed ETF, which debuted in 2019, is engineered to be a secure allocation vehicle for investors seeking preservation of capital and fixed income returns in excess of short-term cash equivalents with an emphasis on daily liquidity.

Exceeding the $200 million milestone highlights the success of VALT’s institutional grade foundation as well as its ultra-short duration strategy sub-advised by a team led by Bryce Doty, Sr. VP/Sr. Portfolio Manager at Sit Fixed Income Advisors, LLC.

“VALT successfully meets the need of providing a conservative bond option for investors while offering more return than savings accounts,” says Bryce Doty. “We are thrilled that VALT has reached this impressive milestone, and we are grateful to the team at ETFMG for securing the critical mass in assets necessary for the Fund to be successful.”

The Fund provides exposure to a diversified portfolio of high-quality, short-term U.S. dollar-denominated domestic and foreign debt securities and other instruments, utilizing the Bloomberg Barclays U.S. Treasury Bills Index: 1-3-month Index as its benchmark index. VALT does not utilize currency plays or derivatives, only conservative investment grade bonds.

“We are excited to celebrate this milestone for VALT, an ETF providing more income than a typical money market fund without the downside risk of longer duration funds,” says Sam Masucci, CEO and Founder of ETFMG. “VALT’s outstanding asset growth is due in large part to its unique position in the market as a user-friendly way to give investors’ cash earning potential.”

For more information on VALT visit: www.etfmg.com/VALT.

About ETFMG

ETFMG is a provider of exchange-traded funds (ETFs), founded in 2014 with a vision of developing innovative thematic ETFs that provide investors unique exposure to new markets. Today, the ETFMG fund line up provides access to a diverse collection of global themes and is comprised of 75% first to market products. We turn portfolio management strategies into successful ETFs by partnering with market segment experts to bring long-term growth opportunities to investors. ETFMG funds are proof as to the power of the ETF wrapper and that thematic products can have a place in investors’ portfolios. To learn more about ETFMG and our portfolio of exchange traded funds please visit www.etfmg.com or follow us on LinkedIn, Twitter @ETFMG, Facebook and YouTube.

Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s prospectus, which may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477), or by visiting www.etfmg.com/VALT. Read the prospectus carefully before investing.

Investing involves risk. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Although the Fund’s shares are approved for listing on the Exchange, there can be no assurance that an active trading market will be maintained for Fund shares.

The market price of the Fund’s fixed-income instruments may change, sometimes rapidly or unpredictably, in response to changes in interest rates, factors affecting securities markets generally, and other factors. Generally, when interest rates rise, the values of fixed-income instruments fall, and vice versa. The Fund may invest in floating rate securities, which are generally less sensitive to interest rate changes than securities with fixed interest rates but may decline in value if their interest rates do not rise as much, or as quickly, as comparable market interest rates. The Fund may invest in U.S. dollar-denominated debt obligations of foreign issuers. Mortgage- and asset-backed securities are subject to interest rate risk. Modest movements in interest rates (both increases and decreases) may quickly and significantly reduce the value of certain types of these securities. From time to time the Fund may invest a substantial amount of its assets in taxable or tax-exempt municipal securities whose interest is paid solely from revenues of similar projects.

The Fund is recently organized with a limited operating history. The Fund may not meet its investment objective based on the success or failure to implement investment strategies for the Fund.

The Fund’s investment strategy may require it to redeem shares for cash or to otherwise include cash as part of its redemption proceeds. In the event of large shareholder redemptions, the Fund may have to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund’s performance.

ETF Managers Group LLC is the investment adviser to the Fund. Sit Fixed Income Advisors II LLC (“Sit Advisors”) is the sub-advisor to 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.

ETFMG Financial is the distributor of the Fund. ETF Managers Group LLC and ETFMG Financial LLC are wholly owned subsidiaries of Exchange Traded Managers Group LLC (collectively, “ETFMG”). ETFMG is not affiliated with Sit.

The Fund is intended to be made available only to U.S. residents. Under no circumstances is any information provided on this website intended for distribution to or use by, or to be an offer to sell to or solicitation of an offer to buy the Fund or any investment product or service of, any person or entity in any jurisdiction or country, other than the United States, where such distribution, use, offer or solicitation would subject the Fund or its affiliates to any registration requirement or be unlawful under the securities laws of that jurisdiction or country.

1. On 7/16/21, VALT reached $200M in AUM

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