IDIV Metaurus US Equity Cumulative Dividends Fund ETF

Seeks to track, before fees and expenses, the Solactive US Cumulative Dividends Index - Series 2027. The Index aims to represent the discounted present value of all listed annual S&P 500 Dividend Index Futures contracts out to and including the December 2027 dividend futures expiry. To accomplish this, each S&P 500 Dividend Index Future market price will be discounted by using the computed yield of a specified U.S. Treasury Security with a similar or prior maturity date as the corresponding S&P 500 Dividend Index Future expiry. After expiry of any S&P 500 Dividend Futures contract, such futures contract and its corresponding U.S. Treasury Security will be removed from the Index. IDIV will seek to track the Index by holding the S&P 500 Dividend Index Futures contracts included in the Index. IDIV will make monthly distributions. A substantial portion of the monthly cash distributions is expected to be non-taxable return of capital (IDIV will be treated as a partnership for US tax purposes and will issue Schedule K-1s to investors). Investors should consult with their tax advisor. IDIV has a 10-year life, at which time it will be terminated.

$6.96
As of 12/09/2022     IEX book   CBOE book

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ETF Information

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Sponsor:     Metaurus
Category1:  Alternatives
Category2:  Other
Category3:  
Morningstar category:  Large Blend
Leverage factor:  1.00
Inception date:  02/02/2018
Index tracking method: Passive replication
Current yield:  16.92%
Historical average yield:  12.07%
Market cap:  $29,928,000
Average volume:  30,554
Fees:     0.5800%

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Index Information

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Solactive US Cumulative Dividends Index - Series 2027
Index symbol:  SOIDIV27
Provider:   Solactive
Index weighting:   Other
Index inception date:  12/30/2016
Backtesting data exists:   No
Number of holdings:  21  (as of 02/11/2018)