FocusShares will begin trading its new “Focus Morningstar Communication Services Index ETF” (NYSE:FCQ) Wednesday, March 30, 2011. The Focus Morningstar Communication Services Index ETF (the “Fund”) seeks to provide investment results that correspond, before fees and expenses, generally to the price and yield performance of the Morningstar Communication Services Index (the “Underlying Index”). The Underlying Index is a subset of the Morningstar US Market Index and consists of companies that provide communication services using fixed-line networks or those that provide wireless access and services. This sector also includes companies that provide internet services such as access, navigation and internet related software and services.
Total Annual Fund Operating Expenses: 0.19%
Principal Investment Strategies
The Morningstar Communication Services Index is determined on the basis of capital value of component securities that are publicly held, which typifies a “float adjusted” capitalization index and is a subset of the Morningstar US Market Index (a diversified broad market index that represents approximately 97% of the market capitalization of publicly-traded companies that are domiciled or principally traded in the United States). The Underlying Index consists of companies that provide internet services such as access, navigation and internet related software and services that meet specific criteria developed by Morningstar, Inc. (“Morningstar”) based on the standard industrial classification (“SIC”) codes attributable to the industries covered by the Underlying Index. As of December 20, 2010, the Underlying Index was comprised of 31 component securities with market capitalizations greater than $804.07 million that have a daily average traded volume of at least 2.44 million over the past three months. The total market capitalization of the Underlying Index as of December 20, 2010 was in excess of $509.67 billion.
For the complete prospectus click: HERE
For the fund website click: HERE