DRBN NASDAQ US Buyback Achievers Net Total Return Index

This is the total return version of DRB. The Index is designed to track the performance of US securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months. Eligible securities include common stocks, REITs, and MLPs. The Index Securities are evaluated annually in January. The Index employs a modified market capitalization weighted methodology. At each quarter, the Index is rebalanced such that the maximum weight of any Index Security does not exceed 5%. The excess weight of any capped security is distributed proportionally across the remaining Index Securities.

As of 05/27/2021

Index Information
Provider:     NASDAQ OMX
Category1:  US Equity
Category2:  Broad Market
Category3:  Multi-cap
Currency:    USD
Inception date:  12/20/2006
Backtesting data exists:   Yes
Weighting methodology:   Market capitalization
Number of holdings:  221  (as of 11/21/2017)
Total return version:  DRB

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