American Depositary Receipts are certificates representing ownership of foreign company shares and are traded on American stock exchanges. ADRs are issued by US banks who buy actual shares in overseas companies. ADRs give a chance to invest and also receive dividends in dollars in companies outside of the US. All that while leaving the investors free of worry when it comes to currency exchange.

Some ADRs can be subject to periodic fees or charges, generally to compensate the relative bank providing custodial services. These fees can vary but currently are not passed on to you if you own ADRs on the Lightyear platform.

Please note that Lightyear cannot give tax advice about ADRs as it depends on individual circumstances and we recommend seeking a licensed professional where needed.

See also Dividend taxes