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Terms And Conditions

HealthShares Exchange Traded Funds are distributed by ALPS Distributors, Inc. ("ADI").

The HealthShares Funds are exchange traded funds ("ETFs") registered with the United States Securities and Exchange Commission ("SEC") as an open-end investment company under the Investment Company Act of 1940. XShares Advisors LLC serves as the investment advisor to HealthShares, Inc. Neither of these entities is affiliated with ADI.

The HealthShares Funds are listed on the New York Stock Exchange and trade at market prices. Market prices for a Fund's shares may be different from its net asset value per share ("NAV"). ETFs are subject to risks similar to those of stocks, including those regarding short-selling and margin account maintenance. Fund shares are not individually redeemable. HealthShares ETFs are subject to increased risk due to investing in a specific sector as compared to a more diversified investment.

Trading HealthShare Funds will generate tax consequences and transaction expenses. Tax consequences regarding dividend distributions may vary by investor. Neither HealthShares, Inc. nor ADI and its affiliates, provide tax advice. Information provided herein should not be considered tax advice. Investors seeking tax advice should consult an independent tax advisor.

In addition to the normal risks of investing, foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Funds focusing on a single country, sector and/or smaller companies generally experience greater price volatility.

Please read the following terms and conditions carefully. Use of this website signifies your agreement to the following terms and conditions listed here and throughout this website. HealthShares, Inc. may amend these terms and conditions. Each use of this site reaffirms your acceptance of the terms and conditions contained within this website at that time of use.

Terms of Use

We have relied on sources we believe to be reliable, however technical and factual inaccuracies may occur. HealthShares, Inc. does not warrant the accuracy and completeness, either expressly or implied, of the materials presented on this website. ALL INFORMATION IS PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. HealthShares, Inc. nor its affiliates, directors, officers or employees will be liable or have any responsibility for any loss or damage due to failure or interruption of this site or resulting from an act or omission making data contained within this site unavailable.

Pricing and quote data contained herein is provided by Thomson Financial LLC. Such data is proprietary information of Thomson Financial and is used with permission. Thomson Financial data is not warranted or represented to be correct, complete, accurate or timely. Thomson Financial is not affiliated with HealthShares, Inc. and is not responsible for investment decisions, damages or losses resulting from the use of the HealthShares Indexes or Thomson Financial data.

HealthShares, Inc. and its independent providers are not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.

"New York Stock Exchange" is a trade and service mark of NYSE Group, Inc. The NYSE Group, Inc. makes no representation regarding the advisability of investing in the HealthShares Funds.


You agree to indemnify and hold harmless HealthShares, Inc., and the officers, directors, employees, and agents of HealthShares, Inc. from and against any and all claims, proceedings, liabilities, damages, losses, costs and expenses, including reasonable attorney's fees and litigation expenses, relating to or arising from your access to or use of this site and any breach by you of these terms and conditions or other improper act or omission by you. Amendment of these terms and conditions may only be made in writing by HealthShares, Inc.

This site is not intended for distribution to or use by any person in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. The information on this site shall not be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offering or solicitation would be unlawful under the securities laws of such jurisdiction. HealthShares, Inc. makes no representations or warranties that this site content is applicable to or appropriate for use in locations outside of the United States.