Fund Overview

MyETF Dow Jones U.S. Titans 50 (MyETF-US50)

Fund Objective

The Fund's objective is to closely correspond to the performance of the Benchmark Index, regardless of its performance. The Fund Manager attempts to achieve an absolute value of tracking error of less than 3% between the net asset value (NAV) of the Fund and the Benchmark Index. Ordinary brokerage commissions may apply.

Benchmark Index

The Benchmark Index, namely the Dow Jones Islamic Market U.S. Titans 50 Index is a float-adjusted market capitalisation weighted, price return index calculated, maintained and published by S&P Dow Jones Indices.

The Benchmark Index was created with a base date of 29 December 1995 by S&P Dow Jones Indices and was constructed based on a reference value of 1000. The Benchmark Index is designed as a performance benchmark of 50 largest companies by float-adjusted market capitalisation listed on the Relevant Exchanges1 which have passed rules-based screens for Shariah compliance.

The universe for selection of the constituents of the Benchmark Index is the constituents of the Parent Index. The Parent Index, namely the Dow Jones Islamic Market World Index, is a float-adjusted market capitalisation weighted index that is designed to measure performance of the global universe of investable equities that pass screens for Shariah compliance. As at the Latest Practicable Date, the Parent Index comprises over 2,756 securities in 56 countries globally.

The Benchmark Index employs a modified market capitalization weighting scheme2. The weight of each individual constituent is capped at 10% of the Benchmark Index.

The Benchmark Index is calculated and published in US Dollar and the end of the day index values are available through Bloomberg (DJUS50 Index) and the Fund’s website at www.myetf.com.my.

The Parent Index and Benchmark Index consist only of companies that passed the Shariah Compliance Screens published under the Dow Jones Islamic Market Indices Methodology. The Shariah Compliance Screens has been approved by the Shariah Supervisory Board of S&P Dow Jones Indices which consists of experienced Shariah scholars from around the world. The Shariah Supervisory Board determines the Shariah compliance framework of the Benchmark Index and shall review, propose or advise S&P Dow Jones Indices on matters relating to the said Shariah compliance framework.

1 As of the Fund Prospectus' Latest Practicable Date, the Relevant Exchanges include New York Stock Exchange (“NYSE”), National Association of Securities Dealers Automated Quotation System (“Nasdaq”), NYSE MKT LLC (“NYSE MKT”), NYSE Arca and BATS Exchange.
2 Maximum weights on the effective rebalancing dates are equal to the lesser of the companies’ float-adjusted market capitalization weight or 10% of the Benchmark Index.

S&P DOW JONES INDEX METHDOLOGY

 
Fund Information
Asset Class Equity
Geo Exposure US
Benchmark Index Dow Jones Islamic Market U.S. Titans 50 Index
Launch Date 15 January 2018
Listing Date 28 February 2018
Base Currency US Dollar (USD)
Manager i-VCAP Management Sdn. Bhd
Income Distribution Annual
Creation/Redemption (unit block) 300,000 units (or whole multiples thereof)

*Subject to the discretion of the Manager.

Trading Information
Exchange Bursa Securities
ISIN MYL0827EA005
Stock Short Name METFUS50
Bursa Securities Code 0827EA
Bloomberg Ticker METFUS50 MK Equity
Fees Information
Annual fees (chargeable to Fund):  
i. Management Fee 0.400%
ii. Trustee Fee 0.035%
iii. License Fee Total Annual Fees 0.040%
Total Annual Fees 0.475%**
Transaction Charges (chargeable to Investor):  
Trading charges Brokerage rate and other incidental charges
*Subject to other fees and/or expenses incurred by the Fund.