FocusShares will begin trading its new “Focus Morningstar Consumer Defensive Index ETF” (NYSE:FCD) Wednesday, March 30, 2011. The Focus Morningstar Consumer Defensive 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 Consumer Defensive Index (the “Underlying Index”). The Underlying Index is a subset of the Morningstar US Market Index and consists of companies engaged in the manufacturing of food, beverages, household and personal products, packaging, or tobacco. This sector also includes companies that provide services such as education & training services.
Total Annual Fund Operating Expenses: 0.19%
Principal Investment Strategies
The Morningstar Consumer Defensive Index is determined on the basis of capital value of component securities that are publicly held, which typifies a “float adjusted” capitalization index and 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 engaged in the manufacturing of food, beverages, household and personal products, packaging, or tobacco. This sector also includes companies that provide services such as education & training 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 98 component securities with market capitalizations greater than $701.30 million that have a daily average traded volume of at least 1.36 million over the past three months. The total market capitalization of the Underlying Index as of December 20, 2010 was in excess of $1.49 trillion.
For the complete prospectus click: HERE
For the fund website click: HERE