Higher duration generally means greater sensitivity. Please read the fund prospectus carefully to determine the existence of any expense reimbursements or waivers and details on their limits and termination dates. This short ProShares ETF seeks a return that is -1x the return of its underlying benchmark target for a single day , as measured from one NAV calculation to the next.
When considering a product or comparing between products you should refer to the relevant PDS s for more information on any additional costs associated with each product. You should obtain independent professional investment advice tailored to your specific circumstances prior to making any investment decision. Absolute Equity Performance Fund Limited.
Acorn Captial Investment Fund Limited. Antipodes Global Investment Company Ltd. Aurora Absolute Return Fund. Australian Leaders Fund Limited.
Bailador Technology Investments limited. Contango Income Generator Limited. Contrarian Value Fund Limited. Future Generation Investment Fund Limited. Forager Australian Shares Fund.
Glennon Small Companies Limited. Gryphon Capital Income Trust. Hastings High Yield Fund. Mercantile Investment Company Limited. Stocks are selected based on company fundamentals: Selects small-cap stocks based on low volatility of monthly returns over the last 5 yearsSelects small-cap stocks based on low volatility of monthly returns over the last 5 years. Holds over 2, large to small-cap firms; covers virtually the entire U. Includes large, mid, and small-cap companies from international developed and emerging marketsIncludes large, mid, and small-cap companies from international developed and emerging markets.
Large and mid-cap stocks from over 20 emerging markets. Seeks to track the return of an index which measures the return of stocks issued by companies in the major markets of EuropeSeeks to track the return of an index which measures the return of stocks issued by companies in the major markets of Europe.
Holds over stocks spanning the investable global stock markets, including emerging marketsHolds over stocks spanning the investable global stock markets, including emerging markets. Canada is included in this index which highlights large and mid-cap stocks from developed markets outside the U. Developed stock markets excl. Targets securities with growth characteristicsDeveloped stock markets excl.
Targets securities with growth characteristics. The fund has diversified exposure to international small-cap companies located in developed international marketsThe fund has diversified exposure to international small-cap companies located in developed international markets. Contains large and mid-cap ex-U. The fund focuses on non-U. Provides exposure to large, international companies selected and weighted based on fundamental measures of company performanceProvides exposure to large, international companies selected and weighted based on fundamental measures of company performance.
Includes stocks from Europe, Australasia, the Middle and Far East; stocks with the lowest volatility have the highest weightsIncludes stocks from Europe, Australasia, the Middle and Far East; stocks with the lowest volatility have the highest weights. Features stocks from developed Asian countries, approx.
Convertible bonds offer fixed-income distributions with the potential for price appreciationConvertible bonds offer fixed-income distributions with the potential for price appreciation. Contains bonds issued by emerging market governments issued in their local currenciesContains bonds issued by emerging market governments issued in their local currencies.
Tracks the performance of high-yield-rated corporate bonds issued in U. Provides diversified exposure to the intermediate-term investment-grade U. May help avoid AMT bite. Index has a heavy focus on California and New York munis.
Provides exposure to non-U. Provides diversified exposure to the long-term, investment-grade segment of the U. Holds fixed-rate, investment grade U. Holds tax-exempt municipal bonds issued within the last 5 years with nominal maturities of at least 17 yearsHolds tax-exempt municipal bonds issued within the last 5 years with nominal maturities of at least 17 years. Treasury securities that have at least 10 years of remaining maturity excludes TIPS and other special issues. Includes short-term bonds denominated in U.
Holds over short-term, investment grade U. Holds investment grade U. ETF features a portfolio of short-term U. Treasuries which mature in yearsETF features a portfolio of short-term U. Treasuries which mature in years. ETF highlights Treasury securities which are designed to adjust for and help protect against inflationETF highlights Treasury securities which are designed to adjust for and help protect against inflation. The fund provides exposure to companies that produce energy from solar, wind, and other renewable sourcesThe fund provides exposure to companies that produce energy from solar, wind, and other renewable sources.
Contains stocks in the new, communication services sector, which will be more growth-oriented and lower yielding than telecomContains stocks in the new, communication services sector, which will be more growth-oriented and lower yielding than telecom. Includes companies that provide items that are often purchased on a discretionary basis e. Holds stocks that tend to be less sensitive to economic cycles food, beverages, tobacco, nondurable household goods, etc.
Holds a sample of stocks from the U. Uses representative sampling to track the performance of the U. Holds a sample of U. Geared investing refers to leveraged or inverse investing. CSM rated 5 stars for the 3-year period ending March 31, among 99 U. The information contained herein: Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
The fund's performance and rating are calculated based on net asset value NAV , not market price. An ETF's risk-adjusted return includes a brokerage commission estimate. This estimate is intended to reflect what an average investor would pay when buying or selling an ETF. This estimate is subject to change, and the actual commission an investor pays may be higher or lower. Morningstar compares each ETF's risk-adjusted return to the open-end mutual fund rating breakpoints for that category.
The overall rating for an ETF is based on a weighted average of the time-period ratings e. The determination of an ETF's rating does not affect the retail open-end mutual fund data published by Morningstar. Past performance is no guarantee of future results. SEC Day Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows investors to more fairly compare funds.
The figure is calculated by dividing the net investment income less expenses by the current maximum offering price. Current yield is equal to a bond's annual interest payment divided by its current market price. The current yield only refers to the yield of the bond at the current moment, not the total return over the life of the bond.
Dividend yield shows how much a company pays out in dividends each year relative to its share price. In the absence of any capital gains, the dividend yield is the return on investment for a stock. Effective duration is a measure of a fund's sensitivity to interest rate changes, reflecting the likely change in bond prices given a small change in yields. Higher duration generally means greater sensitivity. Effective duration for this fund is calculated including both the long bond positions and the short Treasury futures positions.
Distribution Yield represents the annualized yield based on the last income distribution. Trailing price to earnings ratio measures market value of a fund or index relative to the collective earnings of its component stocks for the most recent month period. Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization price times shares outstanding of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
Sometimes distributions are re-characterized for tax purposes after they've been declared. An ROC is a distribution to investors that returns some or all of their capital investment, thus reducing the value of their investment. In an efficient market, the investment's price will fall by an amount approximately equal to the ROC. In general, investors are not taxed on an ROC unless it begins to exceed their original investment value.
This is the dollar amount of your initial investment in the fund. This is the percentage change in the index or benchmark since your initial investment.