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Security Profile
- Security Type
- Index ETF
- CUSIP
- 26922A800
- Market Cap
- Micro Cap · $2 Million
- IPO
- 9/30/2014
Fund Description: Falah Russell-IdealRatings U.S. Large Cap ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the ETF Series Solutions, an open-end investment management company. INVESTMENT OBJECTIVE: The Falah Russell-IdealRatings U.S. Large Cap ETF seeks to track the price and total return performance, before fees and expenses, of the Russell-IdealRatings Islamic U.S. Large Cap Index INDEX DESCRIPTION: The Russell-IdealRatings Islamic U.S. Large Cap Index is composed of the common stock of Shariah compliant large capitalization U.S. companies. The Index is composed by evaluating the components of the Russell 1000 Index (which includes approximately 1000 of the largest U.S. securities by market capitalization) based on specific financials-based and sector filters to create a final universe of companies that comply with Shariah principles at the time of inclusion in the Index. The Index is market capitalization weighted at the time of each reconstitution. The Index is screened by IdealRatings, Inc. for Shariah compliance and reconstituted quarterly. FUND STRATEGY: The Fund uses a passive management, or indexing approach, to track the performance of the Index. The Fund attempts to invest all, or substantially all, but at least 80% of its assets in the common stocks that make up the Index. The Fund will generally use a replication strategy to achieve its investment objective, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole. The Fund generally may invest up to 20% of its total assets in securities or other investments not included in the Index, but which comply with Shariah principles and are expected to help the Fund track the Index. The Fund may also invest up to 20% of its total assets in cash and other investments, such as cash equivalents and shares of other investment companies, each of which will be compatible with Shariah principles. Uninvested monies will be held in non-interest bearing accounts. FUND MANAGEMENT: Exchange Traded Concepts, LLC serves as the investment advisor and Falah Capital serves as sub advisor to the Fund.
Company Contact
- Headquarters
- 1200 Westlake Ave. N - Suite 1006. Seattle, WA 98109
- Phone
- 206-633-6668
- Investor Relations
- 206-633-6668 · contact@falah-capital.com