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Security Profile
- Security Type
- Index ETF
- CUSIP
- 26924G706 (prev. 30304R845 )
- Market Cap
- Micro Cap
- IPO
- 3/9/2016
- Previous Name
- PureFunds Video Game Tech ETF
Fund Description: ETFMG Video Game Tech ETF, formerly PureFunds Video Game Tech ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the FactorShares Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The ETFMG Video Game Tech ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the EEFund Video Game Tech Index. INDEX DESCRIPTION: The EEFund Video Game Tech Index tracks the performance of the common stock (or corresponding American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs)) of exchange-listed companies across the globe (including in emerging markets) that are actively engaged in a business activity supporting or utilizing the video gaming industry (Video Gaming Companies), specifically: 1. Companies that are software developers or hardware providers for the entertainment, educational software, or virtual reality/simulation segments of the video gaming industry or whose business model relies solely on delivering goods and services to these segments (collectively, pure-play companies). 2. Companies that are not pure-play companies but provide intellectual property in support of the video game, educational software, or virtual reality/simulation segments. 3. Large broad-based companies who business model supports the video game, educational software, or virtual reality/simulation segments (gaming conglomerate companies). Video Gaming Companies are screened for investibility. As of each rebalance date, the pure-play and non-pure-play sectors make up 90% of the Index weight with each of the pure-play and non-pure-play sectors being weighted based on the aggregate market capitalization of the companies in their respective sectors relative to the aggregate market capitalization of all of the Index constituents. The gaming conglomerate sector makes up 10% of the Index weight. The Index constituents are equally weighted within each sector. The resulting weight distribution prevents the large gaming conglomerate companies from dominating the Index, while allowing smaller pure-play and non-pure-play companies to adequately influence Index performance. Individual constituent weightings may be adjusted to account for constituent securities with limited liquidity and/or small market capitalizations. FUND STRATEGY: The Fund uses a passive or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to beat the Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Fund will use a replication strategy which is an indexing strategy that involves investing in the securities of the Index in approximately the same proportions as in the Index. However, the Fund may utilize a representative sampling strategy with respect to the Index when a replication strategy might be detrimental to shareholders. The Fund normally invests at least 80% of its total assets in securities, ADRs, or GDRs of Drone Economy Companies. The Fund may invest up to 20% of its total assets in securities that are not in the Fund’s Index to the extent that the Fund’s sub-adviser believes such investments should help the Fund’s overall portfolio track the Index. FUND MANAGEMENT: ETF Managers Group LLC serves as the investment adviser to the fund.
Company Contact
- Headquarters
- 30 Maple Street, Summit, NJ 07901
- Phone
- 844-383-6477 · Toll-Free 844-383-6477
- Investor Relations
- 844-383-6477 · info@etfmg.com