RevenueShares has announced that they will begin trading the RevenueShares Ultra Dividend Fund (NYSEArca:RDIV) Tuesday, October 01, 2013. The RevenueShares Ultra Dividend Fund (the “Fund”) seeks to outperform the total return performance of the S&P 900 Index, the Fund’s benchmark index. The S&P 900 combines the large-cap S&P 500 and the S&P MidCap 400. It addresses the needs of investors who want to benchmark or invest in the large- and mid-cap segments of the U.S. market.
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement: 0.49%
Principal Investment Strategies
The Fund is an exchange-traded fund (“ETF”). The Fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Ultra Dividend Index™ (the “Underlying Index”). The Underlying Index is constructed by identifying the top 60 securities from the Benchmark Index with the highest average quarterly dividend yields over the past twelve months, which are then re-weighted according to the revenue earned by the companies, subject to certain asset diversification requirements and a maximum 5% per company weighting. The Underlying Index is rebalanced and reconstituted quarterly according to revenue weightings as of the previous quarter .
Under normal circumstances, the Fund will invest at least 80% of its net assets in the securities of companies included in the Benchmark Index, and generally expects to be substantially invested at such times, with at least 95% of its net assets invested in these securities. The Fund will concentrate its investments in a