CLOSED 07/31/2018
Market Vectors begun trading the Market Vectors Global Spin-Off ETF (NYSEArca: SPUN) on Wednesday, June 10, 2015.
Here is a synopsis of the new ETF:
FUND INFORMATION:
| Symbol: SPUN | Exchange: NYSE Arca |
| Name: Market Vectors Global Spin-Off ETF | Net Expense Ratio: 0.55% |
FUND OBJECTIVE:
The Market Vectors Global Spin-Off ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Horizon Kinetics Global Spin-Off Index.
REFERENCE INDEX:
The Horizon Kinetics Global Spin-Off Index is a rules-based, equal-weighted index intended to track the performance of listed, publicly-held spin-offs that are domiciled and trade in the U.S. or developed markets of Western Europe and Asia.
To be considered a spin-off company, the initial distribution of a component security must have been distributed to shareholders of the parent company without any action having to be taken by the parent company shareholders. Additionally, the parent company must have distributed at least 80% of the component security to shareholders of the parent company, and shares of the component security must not have been publicly traded prior to the distribution. Such companies may include small- and medium capitalization companies, foreign issuers and real estate investment trusts (REITs).
As of March 31, 2015, the Index included 87 securities of companies with a market capitalization range of approximately $493 million to $93 billion and a weighted average market capitalization of $5.8 billion.
Fund Top Consituents (06/12/15):
| Global Brands Group Holding Ltd | 1.63% |
| Indivior Plc | 1.47% |
| Prothena Corp Plc | 1.44% |
| Starz | 1.43% |
| Wpx Energy Inc | 1.37% |
| Talktalk Telecom Group Plc | 1.36% |
| Abbvie Inc | 1.36% |
| Klx Inc | 1.35% |
| Timkensteel Corp | 1.35% |
| Rayonier Advanced Materials Inc | 1.34% |
Fund Sector Breakdown (06/12/15):
| Consumer Discretionary | 25.3% |
| Financials | 19.1% |
| Industrials | 18.5% |
| Materials | 9.4% |
| Energy | 7.1% |
| Health Care | 6.5% |
| Information Technology | 5.9% |
| Consumer Staples | 4.7% |
| Telecommunication Services | 2.5% |
| Utilities | 1.2% |
Fund Country Weighting (06/12/15):
| U.S. | 66.1% |
| UNITED KINGDOM | 6.5% |
| AUSTRALIA | 5.5% |
| FINLAND | 3.4% |
| SWITZERLAND | 2.5% |
| FRANCE | 2.4% |
| CHINA | 1.6% |
| IRELAND | 1.4% |
| GERMANY | 1.3% |
| SINGAPORE | 1.2% |
| NORWAY | 1.2% |
| SPAIN | 1.2% |
| LUXEMBOURG | 1.2% |
| SWEDEN | 1.1% |
| NEW ZEALAND | 1.1% |
| ITALY | 1.1% |
| VIRGIN ISLANDS | 1.0% |
Useful Links:
SPUN Home Page
Category: Equity>Developed Equity Markets>DM Equity Strategy