iShares, begun trading a new US Revenue ETF, the iShares Russell 1000 Pure U.S. Revenue ETF (Nasdaq: AMCA) on Thursday, August 10, 2017. Here is a synopsis of the new ETF:
|Symbol: AMCA||Exchange: NASDAQ|
|Name: iShares Russell 1000 Pure U.S. Revenue ETF||Net Expense Ratio: 0.15%|
The iShares Russell 1000 Pure U.S. Revenue ETF seeks to track the investment results of the Russell 1000 Pure Domestic Exposure Index.
The Russell 1000 Pure Domestic Exposure Index is designed to reflect the performance of the common stock of companies that earn a higher percentage of their revenues through sales in the United States as compared to other large- and mid-capitalization companies in the U.S. equity market.
The Underlying Index is a subset of market capitalization-weighted Russell 1000 Index. All companies in the Russell 1000 Index that have a domestic sales ratio of 90% or greater will be included in the Underlying Index. Domestic sales ratio is calculated as the percentage of a company’s latest reported domestic revenues compared to the company’s total revenues as of the data cut-off date. The Underlying Index will be reviewed and reconstituted annually in September using data at the close of the last business day of August (the data cut-off date). As of July 11, 2017, a significant portion of the Underlying Index is represented by securities of consumer services and financials companies.
Fund Top 10 Holdings (08/10/17):
|AT AT&T INC||3.65%|
|BAC BANK OF AMERICA CORP||3.40%|
|WFC WELLS FARGO||3.30%|
|BRKB BERKSHIRE HATHAWAY INC CLASS B||3.12%|
|VZ VERIZON COMMUNICATIONS INC||3.05%|
|CMCSA COMCAST A CORP||2.98%|
|HD HOME DEPOT INC||2.88%|
|UNH UNITEDHEALTH GROUP INC||2.87%|
|MO ALTRIA GROUP INC||1.95%|
|UNP UNION PACIFIC CORP||1.29%|
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