RBB Fund Complex facilitates launch of SGI Enhanced NASDAQ-100® ETF (QXQ)

Rhea-AI Summary

The RBB Fund Complex (RBB) has launched the SGI Enhanced NASDAQ-100® ETF (NASDAQ: QXQ), advised by Summit Global Investments (SGI). This ETF is part of SGI’s 'X-Series', which aims to generate current income around specific asset exposures. QXQ is the third ETF in this series, joining the SGI Enhanced Global Income ETF (NASDAQ: GINX) and the SGI Enhanced Core ETF (NASDAQ: USDX), collectively holding over $150 million. QXQ is the 25th ETF under RBB's management, bringing total ETF assets to over $7.3 billion. RBB has significantly increased its ETF holdings, growing from 2% of total assets in March 2020 to over 25% now. Future ETF launches are planned, emphasizing RBB’s commitment to innovative trends and market demands.

Positive

• Launch of SGI Enhanced NASDAQ-100® ETF (QXQ) adds to RBB's product offerings.
• QXQ is the third ETF in SGI's 'X-Series', highlighting successful product expansion.
• RBB’s total ETF assets surpass $7.3 billion.
• ETF holdings grow from 2% in March 2020 to over 25% of total assets.
• Upcoming ETF launches indicate continued growth and innovation.

Negative

• None.

QXQ is the 25^th ETF operating within RBB, bringing RBB’s total ETF assets to more than $7.3 Billion

NEW YORK--(BUSINESS WIRE)-- The RBB Fund Complex (“RBB”), a pioneer of the independent series trust, is pleased to announce the launch of the SGI Enhanced NASDAQ-100^® ETF (NASDAQ: QXQ)*, a new series of RBB advised by Summit Global Investments, LLC (“SGI”). SGI is a $2 billion boutique investment advisor located in Bountiful, UT.

QXQ marks the third ETF launched in RBB as a part of SGI’s “X-Series”, a suite of ETFs designed to generate current income around specific asset exposures. The other two ETFs in the X-Series, the SGI Enhanced Global Income ETF (NASDAQ: GINX) and the SGI Enhanced Core ETF (NASDAQ: USDX), were each launched earlier this year, and collectively comprise over $150 million.

“We very much enjoy working with Summit Global, helping them navigate and transition into the ETF space over the last year,” said Steven Plump, President of RBB. “Becoming a leader within the ETF market has been a focus of ours, which has fueled our growth, reducing expenses for shareholders and advisers, consistent with RBB’s mission.”

QXQ is the 25^th ETF operating within RBB, bringing the total ETF assets overseen by RBB to more than $7.3 Billion. With plans for more ETF launches later this year, ETFs now make up over 25% of the total assets overseen by RBB, up from just 2% in March 2020. The X-Series marks the latest example of RBB’s ability to support innovative trends occurring within the ETF market, including, but not limited to the following:

• Efforts to obtain mutual fund share class exemptive relief for an existing ETF;
• Mutual fund to ETF conversions;
• In-kind contributions from Separately Managed Accounts under Section 351 of the Internal Revenue Code of 1986, as amended; and
• Semi-transparent ETF structures (e.g., Blue Tractor; NYSE Models).

“At RBB, we pride ourselves on staying ahead of the trends, servicing the demands of the marketplace and our clients,” added Plump. “We’re excited about what’s coming over the next few quarters at RBB. The future of ETF development is bright, and we are happy to play our part in it.”

About The RBB Fund Complex

The RBB Fund, Inc. and The RBB Fund Trust, together, are a turnkey ETF and mutual fund solution that permits an investment adviser to focus on its core competency of asset management and shifts most responsibility for the establishment, servicing, and corporate governance of funds to RBB. RBB oversees approximately $28 billion in assets, supporting 12 separate investment advisers, over 20 unaffiliated sub-advisers, and over 60 mutual fund or ETF offerings. For more information, please visit www.rbbfund.com.

Carefully consider a fund's investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in each X-Series ETF prospectus, available at www.sgiam.com. Read the prospectus carefully before investing.

* Nasdaq^® and Nasdaq-100^® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Summit Global Investments, LLC. The SGI Enhanced NASDAQ-100^® ETF (the “Fund”) has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the Fund.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240627037481/en/

Media Inquiries:

Rex Carlin

Red Mountain Media

206.240.5108

rex@redmtnmedia.com

Source: The RBB Fund Complex

FAQ

What is the new ETF launched by RBB Fund Complex?

RBB Fund Complex has launched the SGI Enhanced NASDAQ-100® ETF (NASDAQ: QXQ).

What is the significance of QXQ in RBB's portfolio?

QXQ is the 25th ETF in RBB's portfolio, bringing total ETF assets to over $7.3 billion.

What other ETFs are part of SGI's 'X-Series'?

Other ETFs in SGI's 'X-Series' include the SGI Enhanced Global Income ETF (NASDAQ: GINX) and the SGI Enhanced Core ETF (NASDAQ: USDX).

How have RBB’s ETF holdings grown in recent years?

RBB's ETF holdings have grown from 2% of total assets in March 2020 to over 25% currently.

What future plans does RBB have for its ETF offerings?

RBB plans to launch more ETFs in the coming quarters, continuing its trend of innovation and growth.