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  • Diversified Benchmark range of Indices

 Diversified Benchmark Range of Indices

Based on original research from TOBAM, the Diversified Benchmark range of indices enhances diversification for Benchmark oriented investors. The constituents are effectively weighted so as to maximize diversification while maintaining a low tracking error to the capitalisation-weighted benchmark index. The goal of this strategy is to maximise diversification with a lowered tracking error in order to improve the information ratio.

Indices are based on the Diversified Benchmark approach, constrained to fit the requirements of replication.

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The fund invests in financial instruments which are denominated in other currencies; as such changes in the relevant exchange rate will affect the value of the investment. Investors should understand that capital growth is not a priority for the Fund and that income levels will vary and are not guaranteed.


  • TOBAM Diversified Benchmark
    All World Developed Index
  • TOBAM Diversified Benchmark
    Developed Eurozone Index
  • TOBAM Diversified Benchmark
    USA Index

CHARACTERISTICS

As of 2021-02-24

Ticker : TDBAWDPU Index

Calculating Agent : Solactive

Base Date : 2020-07-23

Launch Date : 2020-07-23


Base Currency : USD

Calculation Frequency : Daily

Level : 6859.77


Review Dates : Quarterly in March, June, September, December


Return & Volatility

MTD
3 Months
6 Months
YTD
1 Year
3 Years
5 Years
Since base date
Return
4.60%
7.75%
13.80%
3.41%
-
-
-
19.18%
Volatility
8.39%
9.88%
14.10%
11.54%
-
-
-
13.48%

*The volatility in the table is annualized volatility, which is calculated with the standard deviation of index’s historical daily returns, multiplying by the square root of trading days in a year.


Chart


Constituents

As of 2021-01-29

Number of Constituents : 1036


Max. Market Cap : 2,215.357 Billion USD

Min. Market Cap : 1.976 Billion USD

Avg. Market Cap : 300.949 Billion USD

Median Market Cap : 48.741 Billion USD


Top Constituents

Name
1.
APPLE INC
2.
AMAZON.COM INC
3.
MICROSOFT CORP
4.
FACEBOOK INC-A
5.
NETFLIX INC
6.
JOHNSON & JOHNSON
7.
ALPHABET INC-CL A
8.
ALPHABET INC-CL C
9.
NEXTERA ENERGY INC
10.
UNITEDHEALTH GROUP INC

Allocations

As of 2021-01-29

Breakdown by Economic Sector

Technology
20.81%
Health Care
15.88%
Consumer Services
15.11%
Financials
14.67%
Consumer Goods
11.06%
Industrials
9.60%
Basic Materials
4.42%
Utilities
4.05%
Oil & Gas
2.67%
Telecommunications
1.73%

Breakdown by Country

USA
66.54%
Japan
7.99%
Great Britain
5.24%
Canada
2.72%
France
2.55%
Switzerland
2.53%
Germany
2.52%
Australia
2.10%
Netherlands
1.33%
Sweden
1.10%
Italy
0.99%
Denmark
0.90%
Hong Kong
0.84%
Spain
0.73%
Finland
0.71%
Belgium
0.41%
Norway
0.37%
Singapore
0.16%
Israel
0.11%
Austria
0.07%
New Zealand
0.05%
Ireland
0.03%
Portugal
0.01%

INVESTMENT PHILOSOPHY

TOBAM’s core investment philosophy is to maximize diversification in order to capture the full risk premium of an asset class.

The strategy is a modified Maximum Diversification approach, which aims to deliver an outperformance that is as independent as possible from its benchmark, while regulating short-term relative performance risk. In order to achieve this goal the portfolio is designed to maximize diversification orthogonal to the market cap-weighted benchmark, uniformly accessing the risk premia of all independent market-neutral risk factors available in the universe, while maintaining a full exposure to the market. Formally, the strategy replicates a Beta-1 fully invested Maximum Diversification portfolio with an ex-ante target tracking error of 2%.

An active share constraint versus the Parent benchmark has been included in order to avoid excessive active share concentration. The carbon emissions of each index have been constrained at a level equal to a maximum of 80% of their respective Parent benchmark index’s emissions.

The indices are reviewed quarterly in March, June, September and December. Performance data is backtested.

DOWNLOADS

Ground Rules:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2021-02-24

Ticker : TDBAWDTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2020-07-23


Base Currency : USD

Calculation Frequency : Daily

Level : 6920.4


Review Dates : Quarterly in March, June, September, December


Return & Volatility

MTD
3 Months
6 Months
YTD
1 Year
3 Years
5 Years
Since base date
Return
4.70%
8.12%
14.64%
3.60%
24.02%
43.90%
105.80%
592.04%
Volatility
8.35%
9.87%
14.11%
11.53%
27.98%
18.85%
15.76%
16.42%

*The volatility in the table is annualized volatility, which is calculated with the standard deviation of index’s historical daily returns, multiplying by the square root of trading days in a year.


Chart


Constituents

As of 2021-01-29

Number of Constituents : 1036


Max. Market Cap : 2,215.357 Billion USD

Min. Market Cap : 1.976 Billion USD

Avg. Market Cap : 300.949 Billion USD

Median Market Cap : 48.741 Billion USD


Top Constituents

Name
1.
APPLE INC
2.
AMAZON.COM INC
3.
MICROSOFT CORP
4.
FACEBOOK INC-A
5.
NETFLIX INC
6.
JOHNSON & JOHNSON
7.
ALPHABET INC-CL A
8.
ALPHABET INC-CL C
9.
NEXTERA ENERGY INC
10.
UNITEDHEALTH GROUP INC

Allocations

As of 2021-01-29

Breakdown by Economic Sector

Technology
20.81%
Health Care
15.88%
Consumer Services
15.11%
Financials
14.67%
Consumer Goods
11.06%
Industrials
9.60%
Basic Materials
4.42%
Utilities
4.05%
Oil & Gas
2.67%
Telecommunications
1.73%

Breakdown by Country

USA
66.54%
Japan
7.99%
Great Britain
5.24%
Canada
2.72%
France
2.55%
Switzerland
2.53%
Germany
2.52%
Australia
2.10%
Netherlands
1.33%
Sweden
1.10%
Italy
0.99%
Denmark
0.90%
Hong Kong
0.84%
Spain
0.73%
Finland
0.71%
Belgium
0.41%
Norway
0.37%
Singapore
0.16%
Israel
0.11%
Austria
0.07%
New Zealand
0.05%
Ireland
0.03%
Portugal
0.01%

INVESTMENT PHILOSOPHY

TOBAM’s core investment philosophy is to maximize diversification in order to capture the full risk premium of an asset class.

The strategy is a modified Maximum Diversification approach, which aims to deliver an outperformance that is as independent as possible from its benchmark, while regulating short-term relative performance risk. In order to achieve this goal the portfolio is designed to maximize diversification orthogonal to the market cap-weighted benchmark, uniformly accessing the risk premia of all independent market-neutral risk factors available in the universe, while maintaining a full exposure to the market. Formally, the strategy replicates a Beta-1 fully invested Maximum Diversification portfolio with an ex-ante target tracking error of 2%.

An active share constraint versus the Parent benchmark has been included in order to avoid excessive active share concentration. The carbon emissions of each index have been constrained at a level equal to a maximum of 80% of their respective Parent benchmark index’s emissions.

The indices are reviewed quarterly in March, June, September and December. Performance data is backtested.

DOWNLOADS

Ground Rules:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

Source: TOBAM. The information provided relates to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. TOBAM is a French investment adviser registered with the French Autorité des Marchés Financiers (AMF) and the U.S. Securities and Exchange Commission (SEC) under the U.S. Investment Advisers Act of 1940 and having its registered office located at 49-53 avenue des Champs Elysées, 75008 Paris, France. TOBAM’s Form ADV is available free of charge upon request. In Canada, TOBAM is acting under the assumed name “Tobam SAS Inc.” in Alberta and “TOBAM Société par Actions Simplifiée” in Québec. All rights in the TOBAM Diversified Benchmark Index Series vest in TOBAM. The use of TOBAM Diversified Benchmark Index Series to create financial products requires a license granted by TOBAM. The information shall not be used to verify or correct other data, to create indices, risk models, or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment vehicles without TOBAM’s prior consent. Past performance and simulations based on back tests are not indicative of future results nor are they reliable indicators of future performance, forecast or prediction. TOBAM does not represent, and indices should not be construed as, a guarantee, promise or assurance of a specific return. Back tested data may reflect the application of the index methodology with the benefit of hindsight, and the historic calculation of an index may change from time to time based on revisions of the underlying data used in the calculation of the index. TOBAM has continued and will continue its research efforts amending the investment process from time to time accordingly. TOBAM reserves the right of revision or change without notice, of the universe, data, models, strategy and opinions. Back tests performance is not actual performance and do not guarantee the results of an actual index. The TOBAM Diversified Benchmark Index Series are calculated by Solactive or its agent. Solactive is the third-party calculation agent of the TOBAM Diversified Benchmark Index Series and receives compensation in that capacity. The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade mark for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument. TOBAM does not make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as the results to be obtained from the use of the TOBAM Diversified Benchmark Index Series or the suitability of the Index for any particular purpose. Nothing in this communication should be taken as constituting an offer to buy or sell or a recommendation of financial instrument or investment advice. Indices cannot be invested in directly. The information contained herein are provided “as is” and the user of the information assumes the entire risk of any use for itself or any third party. TOBAM and its affiliates do not accept any direct or indirect liability for any errors or omissions in the TOBAM Diversified Benchmark Index Series, underlying data or information contained in this publication. All information is provided for information purposes only. The information contained herein, whether globally or partially, shall not be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of TOBAM or its affiliates. Copyrights: All text, graphics, interfaces, logos and artwork, including but not limited to design, structure, selection, coordination, expression, "look and feel" and arrangement contained in this presentation, are owned by TOBAM and are protected by copyright and various other intellectual property rights and competition laws. Trademarks: "TOBAM," "MaxDiv," "Maximum Diversification," "Diversification Ratio,” “Most Diversified Portfolio,” “Most Diversified Portfolios,” “MDP” and "Anti-Benchmark" are registered trademarks. This list is indicative and the absence of a product or service name from this list does not constitute a waiver of TOBAM trademark or other intellectual property rights concerning that name. Patents: The Anti-Benchmark, MaxDiv and Maximum Diversification strategies, methods and systems for selecting and managing a portfolio of securities, processes and products are patented or patent pending. Knowledge, processes and strategies: The Anti-Benchmark, MaxDiv and Maximum Diversification strategies, methods and systems for selecting and managing a portfolio of securities, processes and products are protected under competition, passing-off and misappropriation laws. Terms of use: TOBAM owns all rights to, title to and interest in TOBAM products and services, marketing and promotional materials, trademarks and patents, including without limitation all associated intellectual property rights. Any use of the intellectual property, knowledge, processes and strategies of TOBAM for any purpose and under any form (known and/or unknown) in direct or indirect relation with financial products including but not limited to certificates, indices, notes, bonds, OTC options, warrants, mutual funds, ETFs and insurance policies (i) is strictly prohibited without TOBAM’s prior written consent and (ii) requires a license.

CHARACTERISTICS

As of 2021-02-24

Ticker : TDBEMUPE Index

Calculating Agent : Solactive

Base Date : 2020-07-23

Launch Date : 2020-07-23


Base Currency : EUR

Calculation Frequency : Daily

Level : 3802.25


Review Dates : Quarterly in March, June, September, December


Return & Volatility

MTD
3 Months
6 Months
YTD
1 Year
3 Years
5 Years
Since base date
Return
3.88%
3.97%
11.82%
2.51%
-
-
-
11.05%
Volatility
11.09%
11.96%
16.95%
12.37%
-
-
-
17.12%

*The volatility in the table is annualized volatility, which is calculated with the standard deviation of index’s historical daily returns, multiplying by the square root of trading days in a year.


Chart


Constituents

As of 2021-01-29

Number of Constituents : 154


Max. Market Cap : 251.521 Billion EUR

Min. Market Cap : 2.755 Billion EUR

Avg. Market Cap : 59.085 Billion EUR

Median Market Cap : 30.36 Billion EUR


Top Constituents

Name
1.
ASML HOLDING NV
2.
LVMH MOET HENNESSY LOUIS VUI
3.
L'OREAL
4.
SAP AG
5.
NESTE OIL OYJ
6.
ALLIANZ SE-REG
7.
SANOFI-AVENTIS
8.
TOTAL SA
9.
DAIMLERCHRYSLER AG-REG
10.
SIEMENS GAMESA RENEWABLE ENE

Allocations

As of 2021-01-29

Breakdown by Economic Sector

Consumer Goods
17.61%
Industrials
14.32%
Financials
14.18%
Technology
13.81%
Health Care
11.26%
Oil & Gas
8.99%
Consumer Services
7.91%
Basic Materials
4.98%
Utilities
4.55%
Telecommunications
2.39%

Breakdown by Country

France
31.97%
Germany
24.74%
Netherlands
13.40%
Italy
9.51%
Spain
7.09%
Finland
5.66%
Belgium
4.68%
Ireland
1.44%
Portugal
1.26%
Austria
0.26%

INVESTMENT PHILOSOPHY

TOBAM’s core investment philosophy is to maximize diversification in order to capture the full risk premium of an asset class.

The strategy is a modified Maximum Diversification approach, which aims to deliver an outperformance that is as independent as possible from its benchmark, while regulating short-term relative performance risk. In order to achieve this goal the portfolio is designed to maximize diversification orthogonal to the market cap-weighted benchmark, uniformly accessing the risk premia of all independent market-neutral risk factors available in the universe, while maintaining a full exposure to the market. Formally, the strategy replicates a Beta-1 fully invested Maximum Diversification portfolio with an ex-ante target tracking error of 2%.

An active share constraint versus the Parent benchmark has been included in order to avoid excessive active share concentration. The carbon emissions of each index have been constrained at a level equal to a maximum of 80% of their respective Parent benchmark index’s emissions.

The indices are reviewed quarterly in March, June, September and December. Performance data is backtested.

DOWNLOADS

Ground Rules:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2021-02-24

Ticker : TDBEMUTE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2020-07-23


Base Currency : EUR

Calculation Frequency : Daily

Level : 3825.42


Review Dates : Quarterly in March, June, September, December


Return & Volatility

MTD
3 Months
6 Months
YTD
1 Year
3 Years
5 Years
Since base date
Return
3.93%
4.24%
12.42%
2.67%
7.37%
18.40%
57.01%
282.54%
Volatility
11.11%
11.97%
16.96%
12.40%
28.33%
19.59%
17.58%
20.15%

*The volatility in the table is annualized volatility, which is calculated with the standard deviation of index’s historical daily returns, multiplying by the square root of trading days in a year.


Chart


Constituents

As of 2021-01-29

Number of Constituents : 154


Max. Market Cap : 251.521 Billion EUR

Min. Market Cap : 2.755 Billion EUR

Avg. Market Cap : 59.085 Billion EUR

Median Market Cap : 30.36 Billion EUR


Top Constituents

Name
1.
ASML HOLDING NV
2.
LVMH MOET HENNESSY LOUIS VUI
3.
L'OREAL
4.
SAP AG
5.
NESTE OIL OYJ
6.
ALLIANZ SE-REG
7.
SANOFI-AVENTIS
8.
TOTAL SA
9.
DAIMLERCHRYSLER AG-REG
10.
SIEMENS GAMESA RENEWABLE ENE

Allocations

As of 2021-01-29

Breakdown by Economic Sector

Consumer Goods
17.61%
Industrials
14.32%
Financials
14.18%
Technology
13.81%
Health Care
11.26%
Oil & Gas
8.99%
Consumer Services
7.91%
Basic Materials
4.98%
Utilities
4.55%
Telecommunications
2.39%

Breakdown by Country

France
31.97%
Germany
24.74%
Netherlands
13.40%
Italy
9.51%
Spain
7.09%
Finland
5.66%
Belgium
4.68%
Ireland
1.44%
Portugal
1.26%
Austria
0.26%

INVESTMENT PHILOSOPHY

TOBAM’s core investment philosophy is to maximize diversification in order to capture the full risk premium of an asset class.

The strategy is a modified Maximum Diversification approach, which aims to deliver an outperformance that is as independent as possible from its benchmark, while regulating short-term relative performance risk. In order to achieve this goal the portfolio is designed to maximize diversification orthogonal to the market cap-weighted benchmark, uniformly accessing the risk premia of all independent market-neutral risk factors available in the universe, while maintaining a full exposure to the market. Formally, the strategy replicates a Beta-1 fully invested Maximum Diversification portfolio with an ex-ante target tracking error of 2%.

An active share constraint versus the Parent benchmark has been included in order to avoid excessive active share concentration. The carbon emissions of each index have been constrained at a level equal to a maximum of 80% of their respective Parent benchmark index’s emissions.

The indices are reviewed quarterly in March, June, September and December. Performance data is backtested.

DOWNLOADS

Ground Rules:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

Source: TOBAM. The information provided relates to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. TOBAM is a French investment adviser registered with the French Autorité des Marchés Financiers (AMF) and the U.S. Securities and Exchange Commission (SEC) under the U.S. Investment Advisers Act of 1940 and having its registered office located at 49-53 avenue des Champs Elysées, 75008 Paris, France. TOBAM’s Form ADV is available free of charge upon request. In Canada, TOBAM is acting under the assumed name “Tobam SAS Inc.” in Alberta and “TOBAM Société par Actions Simplifiée” in Québec. All rights in the TOBAM Diversified Benchmark Index Series vest in TOBAM. The use of TOBAM Diversified Benchmark Index Series to create financial products requires a license granted by TOBAM. The information shall not be used to verify or correct other data, to create indices, risk models, or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment vehicles without TOBAM’s prior consent. Past performance and simulations based on back tests are not indicative of future results nor are they reliable indicators of future performance, forecast or prediction. TOBAM does not represent, and indices should not be construed as, a guarantee, promise or assurance of a specific return. Back tested data may reflect the application of the index methodology with the benefit of hindsight, and the historic calculation of an index may change from time to time based on revisions of the underlying data used in the calculation of the index. TOBAM has continued and will continue its research efforts amending the investment process from time to time accordingly. TOBAM reserves the right of revision or change without notice, of the universe, data, models, strategy and opinions. Back tests performance is not actual performance and do not guarantee the results of an actual index. The TOBAM Diversified Benchmark Index Series are calculated by Solactive or its agent. Solactive is the third-party calculation agent of the TOBAM Diversified Benchmark Index Series and receives compensation in that capacity. The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade mark for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument. TOBAM does not make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as the results to be obtained from the use of the TOBAM Diversified Benchmark Index Series or the suitability of the Index for any particular purpose. Nothing in this communication should be taken as constituting an offer to buy or sell or a recommendation of financial instrument or investment advice. Indices cannot be invested in directly. The information contained herein are provided “as is” and the user of the information assumes the entire risk of any use for itself or any third party. TOBAM and its affiliates do not accept any direct or indirect liability for any errors or omissions in the TOBAM Diversified Benchmark Index Series, underlying data or information contained in this publication. All information is provided for information purposes only. The information contained herein, whether globally or partially, shall not be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of TOBAM or its affiliates. Copyrights: All text, graphics, interfaces, logos and artwork, including but not limited to design, structure, selection, coordination, expression, "look and feel" and arrangement contained in this presentation, are owned by TOBAM and are protected by copyright and various other intellectual property rights and competition laws. Trademarks: "TOBAM," "MaxDiv," "Maximum Diversification," "Diversification Ratio,” “Most Diversified Portfolio,” “Most Diversified Portfolios,” “MDP” and "Anti-Benchmark" are registered trademarks. This list is indicative and the absence of a product or service name from this list does not constitute a waiver of TOBAM trademark or other intellectual property rights concerning that name. Patents: The Anti-Benchmark, MaxDiv and Maximum Diversification strategies, methods and systems for selecting and managing a portfolio of securities, processes and products are patented or patent pending. Knowledge, processes and strategies: The Anti-Benchmark, MaxDiv and Maximum Diversification strategies, methods and systems for selecting and managing a portfolio of securities, processes and products are protected under competition, passing-off and misappropriation laws. Terms of use: TOBAM owns all rights to, title to and interest in TOBAM products and services, marketing and promotional materials, trademarks and patents, including without limitation all associated intellectual property rights. Any use of the intellectual property, knowledge, processes and strategies of TOBAM for any purpose and under any form (known and/or unknown) in direct or indirect relation with financial products including but not limited to certificates, indices, notes, bonds, OTC options, warrants, mutual funds, ETFs and insurance policies (i) is strictly prohibited without TOBAM’s prior written consent and (ii) requires a license.

CHARACTERISTICS

As of 2021-02-24

Ticker : TDBUSAPU Index

Calculating Agent : Solactive

Base Date : 2020-07-23

Launch Date : 2020-07-23


Base Currency : USD

Calculation Frequency : Daily

Level : 7981.61


Review Dates : Quarterly in March, June, September, December


Return & Volatility

MTD
3 Months
6 Months
YTD
1 Year
3 Years
5 Years
Since base date
Return
4.64%
7.63%
13.14%
3.41%
-
-
-
19.86%
Volatility
9.75%
11.35%
16.44%
13.42%
-
-
-
15.70%

*The volatility in the table is annualized volatility, which is calculated with the standard deviation of index’s historical daily returns, multiplying by the square root of trading days in a year.


Chart


Constituents

As of 2021-01-29

Number of Constituents : 369


Max. Market Cap : 2,215.357 Billion USD

Min. Market Cap : 6.624 Billion USD

Avg. Market Cap : 421.918 Billion USD

Median Market Cap : 83.36 Billion USD


Top Constituents

Name
1.
APPLE INC
2.
MICROSOFT CORP
3.
AMAZON.COM INC
4.
FACEBOOK INC-A
5.
ALPHABET INC-CL A
6.
PROCTER & GAMBLE CO/THE
7.
JOHNSON & JOHNSON
8.
UNITEDHEALTH GROUP INC
9.
NETFLIX INC
10.
NEXTERA ENERGY INC

Allocations

As of 2021-01-29

Breakdown by Economic Sector

Technology
27.96%
Consumer Services
17.06%
Health Care
15.65%
Financials
13.31%
Consumer Goods
10.39%
Industrials
7.41%
Utilities
3.62%
Basic Materials
2.05%
Oil & Gas
1.45%
Telecommunications
1.09%

Breakdown by Country

USA
100.00%

INVESTMENT PHILOSOPHY

TOBAM’s core investment philosophy is to maximize diversification in order to capture the full risk premium of an asset class.

The strategy is a modified Maximum Diversification approach, which aims to deliver an outperformance that is as independent as possible from its benchmark, while regulating short-term relative performance risk. In order to achieve this goal the portfolio is designed to maximize diversification orthogonal to the market cap-weighted benchmark, uniformly accessing the risk premia of all independent market-neutral risk factors available in the universe, while maintaining a full exposure to the market. Formally, the strategy replicates a Beta-1 fully invested Maximum Diversification portfolio with an ex-ante target tracking error of 2%.

An active share constraint versus the Parent benchmark has been included in order to avoid excessive active share concentration. The carbon emissions of each index have been constrained at a level equal to a maximum of 80% of their respective Parent benchmark index’s emissions.

The indices are reviewed quarterly in March, June, September and December. Performance data is backtested.

DOWNLOADS

Ground Rules:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2021-02-24

Ticker : TDBUSATU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2020-07-23


Base Currency : USD

Calculation Frequency : Daily

Level : 8053.89


Review Dates : Quarterly in March, June, September, December


Return & Volatility

MTD
3 Months
6 Months
YTD
1 Year
3 Years
5 Years
Since base date
Return
4.74%
8.03%
14.01%
3.62%
25.51%
55.50%
124.85%
705.39%
Volatility
9.73%
11.34%
16.44%
13.41%
33.09%
22.69%
18.72%
18.88%

*The volatility in the table is annualized volatility, which is calculated with the standard deviation of index’s historical daily returns, multiplying by the square root of trading days in a year.


Chart


Constituents

As of 2021-01-29

Number of Constituents : 369


Max. Market Cap : 2,215.357 Billion USD

Min. Market Cap : 6.624 Billion USD

Avg. Market Cap : 421.918 Billion USD

Median Market Cap : 83.36 Billion USD


Top Constituents

Name
1.
APPLE INC
2.
MICROSOFT CORP
3.
AMAZON.COM INC
4.
FACEBOOK INC-A
5.
ALPHABET INC-CL A
6.
PROCTER & GAMBLE CO/THE
7.
JOHNSON & JOHNSON
8.
UNITEDHEALTH GROUP INC
9.
NETFLIX INC
10.
NEXTERA ENERGY INC

Allocations

As of 2021-01-29

Breakdown by Economic Sector

Technology
27.96%
Consumer Services
17.06%
Health Care
15.65%
Financials
13.31%
Consumer Goods
10.39%
Industrials
7.41%
Utilities
3.62%
Basic Materials
2.05%
Oil & Gas
1.45%
Telecommunications
1.09%

Breakdown by Country

USA
100.00%

INVESTMENT PHILOSOPHY

TOBAM’s core investment philosophy is to maximize diversification in order to capture the full risk premium of an asset class.

The strategy is a modified Maximum Diversification approach, which aims to deliver an outperformance that is as independent as possible from its benchmark, while regulating short-term relative performance risk. In order to achieve this goal the portfolio is designed to maximize diversification orthogonal to the market cap-weighted benchmark, uniformly accessing the risk premia of all independent market-neutral risk factors available in the universe, while maintaining a full exposure to the market. Formally, the strategy replicates a Beta-1 fully invested Maximum Diversification portfolio with an ex-ante target tracking error of 2%.

An active share constraint versus the Parent benchmark has been included in order to avoid excessive active share concentration. The carbon emissions of each index have been constrained at a level equal to a maximum of 80% of their respective Parent benchmark index’s emissions.

The indices are reviewed quarterly in March, June, September and December. Performance data is backtested.

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Source: TOBAM. The information provided relates to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. TOBAM is a French investment adviser registered with the French Autorité des Marchés Financiers (AMF) and the U.S. Securities and Exchange Commission (SEC) under the U.S. Investment Advisers Act of 1940 and having its registered office located at 49-53 avenue des Champs Elysées, 75008 Paris, France. TOBAM’s Form ADV is available free of charge upon request. In Canada, TOBAM is acting under the assumed name “Tobam SAS Inc.” in Alberta and “TOBAM Société par Actions Simplifiée” in Québec. All rights in the TOBAM Diversified Benchmark Index Series vest in TOBAM. The use of TOBAM Diversified Benchmark Index Series to create financial products requires a license granted by TOBAM. The information shall not be used to verify or correct other data, to create indices, risk models, or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment vehicles without TOBAM’s prior consent. Past performance and simulations based on back tests are not indicative of future results nor are they reliable indicators of future performance, forecast or prediction. TOBAM does not represent, and indices should not be construed as, a guarantee, promise or assurance of a specific return. 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