LIT LIT 3 months ago Estimated | Semi Annual | $0.25 Per Share |
LIT LIT 9 months ago Paid | Semi Annual | $0.25 Per Share |
LIT LIT 28 Dec 2023 Paid | Semi Annual | $0.36 Per Share |
LIT LIT 29 Jun 2023 Paid | Semi Annual | $0.21 Per Share |
LIT LIT 29 Dec 2022 Paid | Semi Annual | $0.52 Per Share |
LIT LIT 29 Jun 2022 Paid | Semi Annual | $0.06 Per Share |
LIT LIT 3 months ago Estimated | Semi Annual | $0.25 Per Share |
LIT LIT 9 months ago Paid | Semi Annual | $0.25 Per Share |
LIT LIT 28 Dec 2023 Paid | Semi Annual | $0.36 Per Share |
LIT LIT 29 Jun 2023 Paid | Semi Annual | $0.21 Per Share |
LIT LIT 29 Dec 2022 Paid | Semi Annual | $0.52 Per Share |
LIT LIT 29 Jun 2022 Paid | Semi Annual | $0.06 Per Share |
ARCA Exchange | United States Country |
The described financial entity is a fund that primarily targets investments in the global lithium market. The investment strategy involves allocating at least 80% of its total assets towards securities that are either part of its underlying index or are represented through American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on these securities. The underlying index, integral to the fund's investment focus, is explicitly crafted to reflect the comprehensive equity market performance of companies engaged in the lithium industry, a sector experiencing significant growth due to the rising demand for lithium batteries in various technologies. Unlike many investment funds that opt for diversification to mitigate risk, this particular fund is non-diversified, suggesting a focused investment approach in the lithium sector.
The fund offers a unique investment product focusing on the global lithium market, leveraging both direct securities and depositary receipts for broad access to this burgeoning sector:
Primarily, the fund invests in securities that form part of its underlying index, representing a spectrum of companies involved in the lithium industry. This includes miners, refiners, battery manufacturers, and other entities playing a crucial role in the lithium supply chain. Such an investment strategy aims to tap into the growth potential of the lithium market, driven by the escalating demand for lithium for use in batteries, particularly those for electric vehicles (EVs) and renewable energy storage solutions.
In addition to direct securities, the fund expands its investment horizon by including ADRs and GDRs based on the securities in the underlying index. ADRs and GDRs are financial instruments that allow investors to hold shares in foreign companies, providing an effective way to diversify and gain exposure to global markets. By incorporating ADRs and GDRs, the fund enables investors to participate in the growth of the lithium sector not only through domestic markets but also internationally, thus broadening the potential for returns.