Ticker: TBD
Exchange: NYSE Arca
Expense ratio: TBD
Original filing date: April 29, 2021
Effective date: July 13, 2021
Listing Date: TBD
CUSIP: TBD
Active: No
Investment Objective:
Universe: Solactive GBS United States All Cap Index
Quarterly rebalance in February, May, August, and November
To arrive at 50 securities for the index, at each rebalance securities must have:
- A minimum average daily value traded of $1 million over the prior 3 months
- A market capitalization of at least $85 million
- Not have had a reverse stock split between Index rebalancings
- The closing price for an Index component must be between $2 and $5 U.S. Dollars per share.
- The closing price for an Index component must be between $1.25 and $10 U.S. Dollars per share.
- A minimum average daily value traded of $1 million over the prior 3 months
- A market capitalization of at least $100 million
- A closing price between $2 and $5 U.S. Dollars per share
- Not had a reverse stock split between Index rebalancing dates
- All of the additional securities are then ranked in descending order by their share class-specific market capitalization and the securities with the highest share class-specific market capitalization are selected, until a total of 50 securities are selected for the Index.
Adviser: Rafferty Asset Management, LLC
Portfolio Managers: Paul Brigandi and Tony Ng
Administrator: U.S. Bancorp Fund Services, LLC
Fund accountant: Bank of New York Mellon
Transfer agent: Bank of New York Mellon
Custodian: Bank of New York Mellon
Distributor: Foreside Fund Services, LLC
Legal counsel: K&L Gates LLP
External accounting: Ernst & Young LLP
Prospectus is here.
- LinkedIn: Henry Jim
- henry@etfhearsay.com
- Twitter: @ETFhearsay