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Security Profile
- Security Type
- Index ETF
- CUSIP
- 26924G508 (prev. 30304R704 )
- Market Cap
- Micro Cap · $46 Million
- IPO
- 12/3/2015
- Previous Symbol
- MJX (changed 12/26/2017)
- Previous Name
- Tierra XP Latin America Real Estate ETF
Fund Description: ETFMG Alternative Harvest ETF, formerly Tierra XP Latin America Real Estate 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 Alternative Harvest ETF seeks to provide investment returns that closely correspond to the price and yield performance of the Prime Alternative Harvest Index. INDEX DESCRIPTION: The Prime Alternative Harvest Index tracks the performance of the exchange-listed common stock (or corresponding American Depositary Receipts “ADRs) or Global Depositary Receipts (GDRs)) of companies across the globe, including U.S. companies, that (i) are engaged in the legal cultivation of cannabis, or the legal production, marketing or distribution of cannabis products for medical or non-medical purposes (Cannabis Companies); (ii) engage in the lawful creation, marketing or distribution of prescription drugs that utilize cannabinoids as an active ingredient (Pharmaceutical Companies); (iii) trade tobacco or produce tobacco products, such as cigarettes, cigars or electronic cigarettes; (iv) produce cigarette and cigar components, such as cigarette paper and filters; or (v) engage in the creation, production and distribution of fertilizers, plant foods, pesticides or growing equipment to be used in the cultivation of cannabis or tobacco. The Index only includes companies that are engaged exclusively in legal activities under applicable national and local laws, including U.S. federal and state laws. The Index is reconstituted and rebalanced quarterly. 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. A replication strategy 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, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow the Index, in instances in which a security in the Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Index. The Fund will invest at least 80% of its total assets, exclusive of collateral held from securities lending, in the component securities of the Index and in ADRs and GDRs based on the component securities in the Index (the “80% Policy”). The Fund may invest up to 20% of its total assets in securities that are not in the Index to the extent that the Fund’s investment adviser believes that 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, Suite 2, Summit, NJ 07901
- Phone
- 844-383-6477 · Toll-Free 844-383-6477
- Investor Relations
- 844-383-6477 · mjx@etfmg.com