Key stats
About EVOLVE CLOUD COMPUTING INDEX FD HEDGED ETF UNITS
Expense ratio
0.89%
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Inception date
Jan 6, 2021
The fund seeks to emulate the performance of the Solactive Global Cloud Computing Index, representing companies in cloud computing across developed markets. The index starts from a universe of small-, mid-, and large-cap companies that may be classified within defined industry groups, industries and sub-industries related to cloud computing under the FactSet Revere Business Industry Classification System (RBICS). Security selection is based on minimum market-cap and average daily traded value requirements where all eligible securities ranking at the top of each sub-industry chosen. The top 50 securities by market-cap are selected for the index. Additionally, a specific rule is mentioned where the security with the largest share class market-cap for the sub-industry Internet Department Stores must be included. Constituents are weighted according to their share class market capitalization with a 7.5% cap placed on individual securities. This is to ensure diversification and to limit overconcentration.
Classification
What's in the fund
Exposure type
Technology Services
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.