NEW YORK, Oct. 26, 2020 /PRNewswire/ -- The Roundhill
Acquirers Deep Value ETF (NYSE: DEEP) has announced a change
in its underlying index. The Acquirers Deep Value Index will now
target deeply undervalued small-and-micro cap companies. The index
previously focused exclusively on large cap stocks.
Tobias Carlisle, the founder of
Acquirers Funds, commented: "It is an historic moment for deeply
undervalued small-and-micro cap stocks. While small value has
delivered material long-run outperformance, it has lagged over the
last decade, creating a generational buying opportunity."
Examples of companies in the DEEP ETF include:
1. Atkore International Group Inc. (NYSE: ATKR) is an undervalued diversified
industrial conglomerate that produces electrical equipment and
power systems.
- The stock trades on an Acquirers Multiple® (EV-EBIT Operating
Income) of 7.6x
- Shares outstanding have shrunk from 67 million in 2017 to 48
million in 2020
2. Kimball International (NASDAQ: KBAL) is an undervalued
manufacturer of office and hospitality furniture under the brands
Kimball, National, and Kimball Hospitality.
- The stock trades on an Acquirers Multiple® (EV-EBIT Operating
Income) of 6x and has a dividend yield of 3.25%.
- Shares outstanding have shrunk from 37.8 million in 2017 to
36.9 million in 2020.
Both companies, along with the others included in the Index,
have strong track records of earnings growth, increasing free cash
flow and consistent returns on invested capital.
The Roundhill Acquirers Deep Value ETF seeks to provide
investment results that, before fees and expenses, correspond
generally to the total return performance of the Acquirers Deep
Value Index.
To learn more about the fund and its holdings, please visit
https://www.roundhillinvestments.com/etf/deep.
About Roundhill Investments
Roundhill Investments is a
registered investment adviser and ETF sponsor focused on thematic
and sector-specific investing. We create thoughtful investment
products designed to help investors express their vision of the
future. To learn more about the company, please visit
roundhillinvestments.com.
About Acquirers Funds
Acquirers Funds, LLC is a deep-value investment firm located in
Los Angeles, California managed by
Tobias Carlisle. The firm advises
The Acquirers Fund, ticker ZIG, a long/short deep value ETF of U.S.
listed securities.
Effective June 22, 2020, Roundhill
Financial Inc. became the fund's sponsor and the fund's name,
ticker, benchmark index, and investment objective changed. DEEP
previously traded as the Deep Value ETF, ticker DVP.
Exchange-Traded Concepts, LLC remains the fund's investment
adviser.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
DEEP ETF please call 1-855-561-5728 or visit the website at
https://www.roundhillinvestments.com/etf/deep. Read the prospectus
or summary prospectus carefully before investing.
Investing involves risk, including possible loss of
principal. The Fund is non-diversified, meaning it may concentrate
its assets in fewer individual holdings than a diversified fund.
Therefore, the Fund is more exposed to individual stock volatility
than a diversified fund. Historically, small and micro cap stocks
have been more volatile than the stock of larger, more-established
companies. Smaller companies may have limited resources, product
lines and markets, and their securities may trade less frequently
and in more limited volumes than the securities of larger
companies. Please see the prospectus for details of these and other
risks.
Shares are bought and sold at market price not net asset value
(NAV) and are not individually redeemed from the Fund. Brokerage
commissions will reduce returns.
Exchange Traded Concepts serves as the investment advisor. The
Funds are distributed by Quasar Distributors, LLC. which is not
affiliated with Roundhill Financial Inc., Exchange Traded Concepts
or any of their affiliates.
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SOURCE Roundhill Investments