ASML Holding NV ADRhedged
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 3 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About ASMH
TheSeries, under normal circumstances, invests at least 95% of its net assets in American Depositary Receipts (“ADRs”)of the ASML Holding NV (the “Company”). The Series will not invest directly in the Company. ADRs are receipts, issuedby an American bank or trust issuer, which evidence ownership of underlying securities issued by a non-U.S. issuer. Generally,ADRs, issued in registered form, are designed for use in the U.S. securities markets. TheSeries invests in the ADRs of the Company (the “Portfolio Securities”) and a currency swap (the “Currency HedgeContract”) designed to hedge against fluctuations in the exchange rate between the U.S. dollar and the Euro (“LocalCurrency”). The Currency Hedge Contract is with a counterparty acting as principal. The notional valueof the Currency Hedge Contract is adjusted daily based on the current value of the Portfolio Securities. AlthoughADRs are U.S. dollar denominated and traded on U.S. exchanges, they are still subject to currency risk because changes in foreigncurrency exchange rates affect their value. The Currency Hedge Contract is designed to minimize the impact of fluctuations inthe exchange rate between the U.S. dollar and the Local Currency. TheCurrency Hedge Contract will be marked to market and settled daily based on the notional value of the Currency Hedge Contractas of the settlement time on a particular day and the change in the value of the Local Currency in relation to the U.S. dollar(“Exchange Rate”) from the settlement time on the prior business day to the settlement time on the current businessday. Changesin rates of the Local Currency compared to the U.S. dollar may negatively affect the value of the Currency Hedge Contract. Ifas a result of a change in the value of the Local Currency relative to the U.S. dollar, the Currency Hedge Contract increasesin value, the counterparty will pay the Series an amount in U.S. dollars equal to the increase in the value of the Currency HedgeContract. If the Currency Hedge Contract decreases in value, the Series will pay the counterparty an amount in U.S. dollars equalto the decrease in the value of the Currency Hedge Contract. In order to obtain any necessary amount of cash, the Manager maysell Portfolio Securities. The Series will maintain amounts not invested in ADRs in cash or cash equivalents, including moneymarket funds. The Currency Hedge Contract is subject to counterparty risk in that if the counterparty fails to make any payments,the Series could incur a loss. Asa result of mark to market payments or otherwise, the ratio of Portfolio Securities to Shares will vary over time. For example,upon formation, a Series Share might be equal to one Share of the ADR. If the mark to market payments for the Currency Hedge Contractwould require the Series to sell ADRs in order to make a payment to the counterparty, each Series Share would equal less thanone Share of the ADR. As a result of the sales of an ADR, the net asset value of the Series and, correspondingly, the fractionalamount of ADRs represented by each Share will decrease over the life of the Series. TheSeries does not seek to replicate the performance of a specified index. TheSeries is non-diversified and therefore may invest a greater percentage of its assets in a particular issuer than a diversifiedSeries. ASMLHolding NV ASMLHolding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. ASMLHolding N.V. is headquartered in the Netherlands and is listed on the Euronext Amsterdam exchange code number NL0010273215. ASMLHolding NV is registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Information providedto or filed with the SEC by ASML Holding NV pursuant to the Exchange Act can be located by reference to the SEC file number 001-33463.The SEC maintains an internet site that contains reports, proxy, and information statements and other information regarding theissuer at www.sec.gov. In addition, information regarding ASML Holding NV may be obtained from other sources including, but notlimited to, press releases, newspaper articles and other publicly disseminated documents. Neither the Series nor the Manager areresponsible for the content in such other sources.
ASMH News
Data for ASMH is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.