PureFunds begun trading of 2 new ETFs, the PureFunds ISE Big Data ETF (NYSEArca: BDAT) and the PureFunds ISE Mobile Payments ETF (NYSEArca: IPAY) on Thursday, July 16, 2015.
1.
FUND INFORMATION:
| Symbol: BDAT | Exchange: NYSE Arca |
| Name: PureFunds ISE Big Data ETF | Net Expense Ratio: 0.75% |
FUND OBJECTIVE:
The PureFunds ISE Big Data ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ISE Big Data Index.
REFERENCE INDEX:
The ISE Big Data Index provides a benchmark for investors interested in tracking companies that provide products and services that facilitate the creation, management and analysis of very large, diverse, or rapidly generated data sets. Some common characteristics that are widely accepted as markers in identifying Big Data include: Volume, Variety, and Velocity. ‘Volume’ refers to a data set’s size. ‘Variety’ refers to the disparity between different data sets. ‘Velocity’ refers to how quickly data is generated and integrated.
The initial universe of Big Data Companies is determined based on proprietary research and analysis conducted by the International Securities Exchange, LLC (ISE) (Index Provider). Big Data Companies are then screened for investibility (e.g., must not be listed on an exchange in a country which employs certain restrictions on foreign capital investment), a minimum market capitalization of $75 million, liquidity, and an operating company structure (as opposed to a pass-through security). The Underlying Index constituents are weighted according to a modified linear-based capitalization-weighted methodology, meaning that the largest Underlying Index constituent by market capitalization will receive a weighting equal to the number of constituents multiplied by the weighting of the smallest constituent by market capitalization (e.g., in an index with 30 constituents, the top weighted constituent’s weighting will be 30 times greater than the weighting of the lowest weighted constituent). Constituent weightings are “modified” in that each constituent weighting is capped at 24% of the Underlying Index and the cumulative weight of all constituents with an individual weight of 5% or greater may not in the aggregate account for more than 50% of the weight of the Underlying Index regardless of this linear scheme. In addition, constituents are subject to liquidity screenings before the weightings are finalized. The resulting linear weight distribution prevents a few large component stocks from dominating the Underlying Index while allowing smaller companies to adequately influence Underlying Index performance.
The Underlying Index has a semi-annual review in June and December of each year at which time the Underlying Index is reconstituted and rebalanced by ISE. Component changes are made after the market close on the third Friday of June and December and become effective at the market opening on the next trading day.
As of June 19, 2015, the Underlying Index had 32 constituents.
Top 10 Holdings (07/16/15):
| FACEBOOK (FB) | 6.43% |
| GOOGLE (GOOGL) | 6.37% |
| ORACLE CORP (ORCL) | 5.63% |
| INTL BUSINESS MACHINES CORP (IBM) | 5.60% |
| SAP SE (SAP) | 5.43% |
| YAHOO! (YHOO) | 4.72% |
| THOMSON REUTERS CORP (TRI) | 4.67% |
| TWITTER (TWTR) | 4.55% |
| BAIDU INC – SPON ADR (BIDU) | 4.55% |
| NIELSEN NV (NLSN) | 4.38% |
Sub Industry Exposure (07/16/15):
| Applications/Solutions | 63.16% |
| Data Origination/Aggregation | 36.84% |
Geographic Allocation (07/16/15):
| United States | 86.64% |
| Germany | 5.43% |
| China | 4.55% |
| Israel | 2.79% |
| United Kingdom | 0.59% |
Useful Links:
BDAT Home Page
Category: Equities> Global> Global Sectors
2.
FUND INFORMATION:
| Symbol: IPAY | Exchange: NYSE Arca |
| Name: PureFunds ISE Mobile Payments ETF | Net Expense Ratio: 0.75% |
FUND OBJECTIVE:
The PureFunds ISE Mobile Payments ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ISE Mobile Payments Index.
REFERENCE INDEX:
The ISE Mobile Payments Index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, specifically focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).
The initial universe of Mobile Payment Companies is determined based on proprietary research and analysis conducted by the International Securities Exchange, LLC (ISE), (Index Provider).Mobile Payment Companies are then screened for investibility (e.g., must not be listed on an exchange in a country which employs certain restrictions on foreign capital investment), a minimum market capitalization of $100 million, liquidity, and an operating company structure (as opposed to a pass-through security).
The Underlying Index constituents are weighted according to a modified linear-based capitalization-weighted methodology, meaning that the largest Underlying Index constituent by market capitalization will receive a weighting equal to the number of constituents multiplied by the weighting of the smallest constituent by market capitalization (e.g., in an index with 30 constituents, the top weighted constituent’s weighting will be 30 times greater than the weighting of the lowest weighted constituent). Constituent weightings are “modified” in that each constituent weighting is capped at 24% of the Underlying Index and the cumulative weight of all constituents with an individual weight of 5% or greater may not in the aggregate account for more than 50% of the weight of the Underlying Index, regardless of this linear scheme. In addition, constituents are subject to liquidity screenings before the weightings are finalized. The resulting linear weight distribution prevents a few large component stocks from dominating the Underlying Index while allowing smaller companies to adequately influence Underlying Index performance.
The Underlying Index has a semi-annual review in June and December of each year at which time the Underlying Index is reconstituted and rebalanced by ISE. Component changes are made after the market close on the third Friday of June and December and become effective at the market opening on the next trading day.
As of June 19, 2015, the Underlying Index had 30 constituents.
Top 10 Holdings (07/16/15):
| VISA INC-CLASS A SHARES (V) | 6.33% |
| MASTERCARD INC – CLASS A (MA) | 6.01% |
| AMERICAN EXPRESS CO (AXP) | 5.83% |
| PAYPAL HOLDINGS INC – W/I (PYPLV) | 5.69% |
| DISCOVER FINANCIAL SERVICES (DFS) | 5.43% |
| FISERV INC (FISV) | 5.35% |
| FLT US FLEETCOR TECHNOLOGIES INC (FLT ) | 4.97% |
| WESTERN UNION CO (WU) | 4.77% |
| TSS US TOTAL SYSTEM SERVICES INC (TSS) | 4.70% |
| VNTV US VANTIV INC – CL A (VNTV) | 4.48% |
Sub Industry Exposure (07/16/15):
| Infrastructure & Software | 31.87% |
| Processors | 26.43% |
| Card Networks | 23.60% |
| Solutions | 18.10% |
Geographic Allocation (07/16/15):
| United States | 84.13% |
| France | 4.32% |
| Germany | 3.83% |
| United Kingdom | 2.50% |
| Hong Kong | 2.29% |
| Cyprus | 1.75% |
| South Africa | 1.18% |
Useful Links:
IPAY Home Page
Category: Equities> Global> Global Sectors