Elkhorn Investments, begun trading industry’s first new midcap sector ETFs, on Friday, December 30, 2016. Here is a synopsis of the new ETFs:
1.
Name: Elkhorn S&P MidCap Consumer Discretionary Portfolio (Bats: XD)
Reference Index: S&P MidCap 400 Capped Consumer Discretionary Index.
The Index companies are mid capitalization companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, apparel and luxury goods, computers and electronics, automobiles and auto components, hotel and restaurant services and television and other entertainment goods and services. Pursuant to the Index, mid capitalization companies have a market capitalization of $1.4 to $5.9 billion.
Index Top Holdings (12/30/2016):
| Domino’s Pizza Inc DPZ | 4.24% |
| NVR Inc NVR | 3.13% |
| Gentex Corp GNTX | 3.10% |
| Service Corp International/US SCI | 2.95% |
| Brunswick Corp/DE BC | 2.66% |
| Dunkin’ Brands Group Inc DNKN | 2.65% |
| Polaris Industries Inc PII | 2.64% |
| Thor Industries Inc THO | 2.62% |
| Toll Brothers Inc TOL | 2.54% |
| Dick’s Sporting Goods Inc DKS | 2.50% |
2.
Name: The Elkhorn S&P MidCap Consumer Staples Portfolio (Bats: XS)
Reference Index: S&P MidCap 400 Capped Consumer Staples Index.
The Index companies are mid capitalization companies that are principally engaged in the business of providing consumer goods and services that have non cyclical characteristics, including tobacco, food and beverage, and nondiscretionary retail. Pursuant to the Index, mid capitalization companies have a market capitalization of $1.4 to $5.9 billion.
Index Top Holdings (12/30/2016):
| WhiteWave Foods Co/The W WAV | 13.95% |
| Ingredion Inc INGR | 12.91% |
| Lamb Weston Holdings Inc LW | 7.43% |
| Post Holdings Inc POST | 7.41% |
| Flowers Foods Inc FLO | 4.66% |
| United Natural Foods Inc UNFI | 4.65% |
| Lancaster Colony Corp. LANC | 4.57% |
| Energizer Holdings Inc ENR | 4.53% |
| Hain Celestial Group Inc/The HAIN | 4.50% |
| Snyder’s-Lance Inc LNCE | 4.48% |
3.
Name: Elkhorn S&P MidCap Energy Portfolio (Bats: XE)
Reference Index: S&P MidCap 400 Capped Energy Index.
The Index companies are mid capitalization companies that are principally engaged in the business of producing, distributing or servicing energy related products, including oil and gas exploration and production, refining, oil services and pipelines. Pursuant to the Index, mid capitalization companies have a market capitalization of $1.4 to $5.9 billion.
Index Top Holdings (12/30/2016):
| HollyFrontier Corp HFC | 8.96% |
| Energen Corp EGN | 8.83% |
| WPX Energy Inc WPX | 7.70% |
| Nabors Industries Ltd. NBR | 7.08% |
| QEP Resources Inc QEP | 6.89% |
| Patterson-UTI Energy Inc PTEN | 6.14% |
| World Fuel Services Corporation INT | 4.77% |
| Western Refining Inc WNR | 4.65% |
| SM Energy Company SM | 4.49% |
| Oceaneering International Inc OII | 4.45% |
4.
Name: Elkhorn S&P MidCap Financials Portfolio (Bats: XF)
Reference Index: S&P MidCap 400 Capped Financials Index.
The Index companies are mid capitalization companies that are principally engaged in the business of providing financial services and products, including banking, investment services, insurance and real estate finance services. Pursuant to the Index, mid capitalization companies have a market capitalization of $1.4 to $5.9 billion.
Index Top Holdings (12/30/2016):
| Alleghany Corp Y | 3.42% |
| SVB Financial Group SIVB | 3.19% |
| Everest Re Group Ltd RE | 3.18% |
| Raymond James Financial Inc RJF | 3.16% |
| Reinsurance Group of America I RGA | 2.91% |
| Signature Bank SBNY | 2.90% |
| New York Community Bancorp Inc NYCB | 2.77% |
| MSCI Inc MSCI | 2.67% |
| East West Bancorp Inc EWBC | 2.64% |
| SEI Investments Company SEIC | 2.39% |
5.
Name: Elkhorn S&P MidCap Health Care Portfolio (Bats: XH)
Reference Index: S&P MidCap 400 Capped Health Care Index.
The Index companies are mid capitalization companies that are principally engaged in the business of providing healthcare-related products, facilities and services, including biotechnology, pharmaceuticals, medical technology and supplies. Pursuant to the Index, mid capitalization companies have a market capitalization of $1.4 to $5.9 billion.
Index Top Holdings (12/30/2016):
| IDEXX Laboratories Inc IDXX | 8.61% |
| ResMed Inc RMD | 7.16% |
| Align Technology Inc ALGN | 5.91% |
| Teleflex Inc TFX | 5.79% |
| West Pharmaceutical Services I WST | 5.07% |
| MEDNAX Inc MD | 5.04% |
| WellCare Health Plans Inc WCG | 4.93% |
| United Therapeutics Corp UTHR | 4.86% |
| VCA Inc WOOF | 4.56% |
| STERIS PLC STE | 4.47% |
6.
Name: Elkhorn S&P MidCap Industrials Portfolio (Bats: XI)
Reference Index: S&P MidCap 400 Capped Industrials Index.
The Index companies are mid capitalization companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense and general manufacturing. Pursuant to the Index, mid capitalization companies have a market capitalization of $1.4 to $5.9 billion.
Index Top Holdings (12/30/2016):
| Huntington Ingalls Industries HII | 3.54% |
| Wabtec Corp/DE WAB | 3.07% |
| JetBlue Airways Corp JBLU | 2.95% |
| Carlisle Cos Inc CSL | 2.94% |
| AO Smith Corp AOS | 2.90% |
| IDEX Corp IEX | 2.83% |
| Toro Co/The TTC | 2.54% |
| B/E Aerospace Inc BEAV | 2.52% |
| Hubbell Inc HUBB | 2.48% |
| Lennox International Inc LII | 2.48% |
7.
Name: Elkhorn S&P MidCap Information Technology Portfolio (Bats: XK)
Reference Index: S&P MidCap 400 Capped Information Technology Index.
The Index companies are mid capitalization companies that are principally engaged in the business of providing information technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies. Pursuant to the Index, mid capitalization companies have a market capitalization of $1.4 to $5.9 billion.
Index Top Holdings (12/30/2016):
| CDK Global Inc CDK | 3.14% |
| Synopsys Inc SNPS | 3.12% |
| Advanced Micro Devices Inc AMD | 3.05% |
| Computer Sciences Corp CSC | 2.91% |
| Gartner Inc IT | 2.91% |
| ANSYS Inc ANSS | 2.78% |
| Broadridge Financial Solutions BR | 2.76% |
| Trimble Inc TRMB | 2.63% |
| Leidos Holdings Inc LDOS | 2.55% |
| Cadence Design Systems Inc CDNS | 2.54% |
8.
Name: Elkhorn S&P MidCap Materials Portfolio (Bats: XM)
Reference Index: S&P MidCap 400 Capped Materials Index.
The Index companies are mid capitalization companies that are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. Pursuant to the Index, mid capitalization companies have a market capitalization of $1.4 to $5.9 billion.
Index Top Holdings (12/30/2016):
| Steel Dynamics Inc STLD | 7.33% |
| Packaging Corp of America PKG | 6.58% |
| Valspar Corp/The VA L | 6.28% |
| RPM International Inc RPM | 5.97% |
| Ashland Global Holdings Inc ASH | 5.67% |
| United States Steel Corp X | 4.98% |
| Reliance Steel & Aluminum Co RS | 4.86% |
| Sonoco Products Co SON | 4.42% |
| Eagle Materials Inc EXP | 3.95% |
| AptarGroup Inc AT R | 3.83% |
9.
Name: Elkhorn S&P MidCap Utilities Portfolio (Bats: XU)
Reference Index: S&P MidCap 400 Capped Utilities Index.
The Index companies are mid capitalization companies that are principally engaged in providing either energy, water, electric or natural gas utilities or providing telecommunications services. Pursuant to the Index, mid capitalization companies have a market capitalization of $1.4 to $5.9 billion.
Index Top Holdings (12/30/2016):
| UGI Corp UGI | 8.93% |
| Westar Energy Inc WR | 8.86% |
| Atmos Energy Corp ATO | 8.62% |
| OGE Energy Corp OGE | 7.46% |
| Great Plains Energy Inc GXP | 6.60% |
| Hawaiian Electric Industries I HE | 4.58% |
| Southwest Gas Corp SWX | 4.55% |
| Vectren Corporation VVC | 4.54% |
| IDACORP Inc IDA | 4.50% |
| ONE Gas Inc OGS | 4.46% |
Useful Links:
MidCap Sectors ETFs
ETFtrack Comment:
The nine new midcap sector ETFs from Elkhorn Investments are the industry’s first suite of midcap sector-based products. Here is a comment from Graham Day, CFA, Senior Vice President, Head of Product and Research, at Elkhorn Investments:
We are excited to bring to market what may be the last frontier of beta exposure to an important area of U.S. equities, midcap sectors. Midcaps are commonly referred to as a ‘sweet spot’ for equity investing given their long-term outperformance of both large and small caps and we believe the Elkhorn S&P MidCap Sector ETFs will provide ETF investors better tools to access this space.”