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Anti-Benchmark^® strategies
Anti-Benchmark^® funds
MAXDIV^® range of indices
Diversified Benchmark range of Indices

MAXDIV^® Range of Indices

Based on original research from TOBAM, the MAXDIV^® range of indices helps investors to avoid portfolio concentration. Constituents are weighted so that each effective risk factor contributes in a balanced manner to the risk of the portfolio, as opposed to a market capitalization weighted basis.

Indices are based on the Maximum Diversification^® 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 Maximum Diversification
All World Developed ex North America Index
TOBAM Maximum Diversification
All World Developed Index
TOBAM Maximum Diversification
All World Index
TOBAM Maximum Diversification
Canada Index
TOBAM Maximum Diversification
Developed Asia Pacific ex Japan Index
TOBAM Maximum Diversification
Developed Europe Index
TOBAM Maximum Diversification
Developed Eurozone Index
TOBAM Maximum Diversification
Emerging Index
TOBAM Maximum Diversification
Japan Index
TOBAM Maximum Diversification
North America Index
TOBAM Maximum Diversification
UK Index
TOBAM Maximum Diversification
USA Index

CHARACTERISTICS

As of 2020-09-25

Ticker : MDWXNATU Index

Calculating Agent : Solactive

Base Date : 2001-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 6118.63

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	-2.33%	5.42%	27.20%	-0.17%	7.04%	9.41%	36.07%	499.92%
Volatility	14.07%	11.87%	15.96%	21.42%	18.73%	13.43%	12.75%	13.01%

*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 2020-08-31

Number of Constituents : 695

Max. Market Cap : 347.339 Billion USD

Min. Market Cap : 1.275 Billion USD

Avg. Market Cap : 39.154 Billion USD

Median Market Cap : 17.992 Billion USD

Top Constituents

	Name
1.	OCADO GROUP PLC
2.	NESTE OIL OYJ
3.	NEWCREST MINING LTD
4.	NESTLE SA-REG
5.	ROCHE HOLDING AG-GENUSSCHEIN
6.	KERRY GROUP PLC-A
7.	NOVO NORDISK A/S-B
8.	NITORI CO LTD
9.	FORTESCUE METALS GROUP LTD
10.	NORTHERN STAR RESOURCES LTD

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Health Care

20.20%

Consumer Services

19.14%

Consumer Goods

18.57%

Financials

9.22%

Industrials

8.10%

Basic Materials

7.11%

Technology

5.97%

Telecommunications

5.93%

Utilities

3.02%

Oil & Gas

2.75%

Breakdown by Country

Japan

28.47%

Great Britain

11.73%

Australia

9.06%

Hong Kong

6.98%

Denmark

6.29%

France

6.20%

Switzerland

5.68%

Germany

4.65%

Finland

3.23%

Netherlands

2.62%

Sweden

2.52%

Italy

2.42%

Ireland

1.80%

Belgium

1.72%

New Zealand

1.52%

Singapore

1.30%

Israel

1.29%

Spain

1.12%

Norway

1.03%

Austria

0.20%

Portugal

0.16%

INVESTMENT PHILOSOPHY

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

Our research indicates that the systematic returns available from equity markets are higher than using market cap-weighted benchmarks, and are also far more stable over time. Using a biased benchmark as a reference carries heavy, costly, implicit bets which evolve dynamically. On the contrary, TOBAM’s Maximum Diversification® approach is designed to access the full risk premium evenly from all the independent risk factors available in the investment universe.

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDWXNAPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 3942.08

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	-2.41%	4.97%	25.50%	-1.97%	4.55%	1.43%	20.46%	294.21%
Volatility	14.09%	11.88%	15.95%	21.44%	18.74%	13.44%	12.75%	13.12%

*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 2020-08-31

Number of Constituents : 695

Max. Market Cap : 347.339 Billion USD

Min. Market Cap : 1.275 Billion USD

Avg. Market Cap : 39.154 Billion USD

Median Market Cap : 17.992 Billion USD

Top Constituents

	Name
1.	OCADO GROUP PLC
2.	NESTE OIL OYJ
3.	NEWCREST MINING LTD
4.	NESTLE SA-REG
5.	ROCHE HOLDING AG-GENUSSCHEIN
6.	KERRY GROUP PLC-A
7.	NOVO NORDISK A/S-B
8.	NITORI CO LTD
9.	FORTESCUE METALS GROUP LTD
10.	NORTHERN STAR RESOURCES LTD

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Health Care

20.20%

Consumer Services

19.14%

Consumer Goods

18.57%

Financials

9.22%

Industrials

8.10%

Basic Materials

7.11%

Technology

5.97%

Telecommunications

5.93%

Utilities

3.02%

Oil & Gas

2.75%

Breakdown by Country

Japan

28.47%

Great Britain

11.73%

Australia

9.06%

Hong Kong

6.98%

Denmark

6.29%

France

6.20%

Switzerland

5.68%

Germany

4.65%

Finland

3.23%

Netherlands

2.62%

Sweden

2.52%

Italy

2.42%

Ireland

1.80%

Belgium

1.72%

New Zealand

1.52%

Singapore

1.30%

Israel

1.29%

Spain

1.12%

Norway

1.03%

Austria

0.20%

Portugal

0.16%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDWXNACC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1609.28

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	0.50%	3.49%	18.81%	3.05%	7.87%	-	-	6.12%
Volatility	11.59%	9.76%	12.62%	18.20%	15.99%	-	-	12.46%

*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 2020-08-31

Number of Constituents : 695

Max. Market Cap : 452.565 Billion CAD

Min. Market Cap : 1.661 Billion CAD

Avg. Market Cap : 51.015 Billion CAD

Median Market Cap : 23.442 Billion CAD

Top Constituents

	Name
1.	OCADO GROUP PLC
2.	NESTE OIL OYJ
3.	NEWCREST MINING LTD
4.	NESTLE SA-REG
5.	ROCHE HOLDING AG-GENUSSCHEIN
6.	KERRY GROUP PLC-A
7.	NOVO NORDISK A/S-B
8.	NITORI CO LTD
9.	FORTESCUE METALS GROUP LTD
10.	NORTHERN STAR RESOURCES LTD

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Health Care

20.20%

Consumer Services

19.14%

Consumer Goods

18.57%

Financials

9.22%

Industrials

8.10%

Basic Materials

7.11%

Technology

5.97%

Telecommunications

5.93%

Utilities

3.02%

Oil & Gas

2.75%

Breakdown by Country

Japan

28.47%

Great Britain

11.73%

Australia

9.06%

Hong Kong

6.98%

Denmark

6.29%

France

6.20%

Switzerland

5.68%

Germany

4.65%

Finland

3.23%

Netherlands

2.62%

Sweden

2.52%

Italy

2.42%

Ireland

1.80%

Belgium

1.72%

New Zealand

1.52%

Singapore

1.30%

Israel

1.29%

Spain

1.12%

Norway

1.03%

Austria

0.20%

Portugal

0.16%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

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 Maximum Diversification Index Series vest in TOBAM. The use of TOBAM Maximum Diversification 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 guaranty the results of an actual index. The TOBAM Maximum Diversification Index Series are calculated by Solactive or its agent. Solactive is the third-party calculation agent of the TOBAM Maximum Diversification 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 Maximum Diversification 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 Maximum Diversification 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 2020-09-25

Ticker : MDAWDTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 6467.84

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	-3.77%	6.77%	32.15%	3.36%	10.50%	26.81%	55.74%	546.78%
Volatility	17.02%	12.39%	18.14%	26.57%	23.01%	15.60%	13.53%	12.39%

*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 2020-08-31

Number of Constituents : 906

Max. Market Cap : 2,206.911 Billion USD

Min. Market Cap : 1.985 Billion USD

Avg. Market Cap : 138.168 Billion USD

Median Market Cap : 36.503 Billion USD

Top Constituents

	Name
1.	APPLE INC
2.	NEWMONT CORP
3.	AMAZON.COM INC
4.	DEXCOM INC
5.	FACEBOOK INC-A
6.	CHIPOTLE MEXICAN GRILL INC
7.	FRANCO-NEVADA CORP
8.	KROGER CO
9.	WHEATON PRECIOUS METALS CORP
10.	DOCUSIGN INC

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Consumer Services

20.02%

Health Care

19.20%

Consumer Goods

15.37%

Technology

10.70%

Financials

10.26%

Basic Materials

9.22%

Industrials

5.20%

Telecommunications

4.02%

Utilities

3.49%

Oil & Gas

2.54%

Breakdown by Country

USA

52.31%

Japan

12.13%

Canada

6.71%

Great Britain

5.03%

France

3.47%

Denmark

3.28%

Germany

2.54%

Australia

2.31%

Switzerland

2.18%

Hong Kong

1.81%

Finland

1.34%

Italy

1.07%

Sweden

1.04%

Netherlands

1.02%

Spain

0.76%

Norway

0.75%

Belgium

0.69%

Israel

0.66%

New Zealand

0.31%

Ireland

0.20%

Austria

0.16%

Portugal

0.13%

Singapore

0.12%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDAWDPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 4535.04

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	-3.85%	6.38%	30.74%	1.80%	8.24%	18.97%	40.63%	353.50%
Volatility	16.99%	12.38%	18.10%	26.56%	23.01%	15.59%	13.53%	12.39%

*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 2020-08-31

Number of Constituents : 906

Max. Market Cap : 2,206.911 Billion USD

Min. Market Cap : 1.985 Billion USD

Avg. Market Cap : 138.168 Billion USD

Median Market Cap : 36.503 Billion USD

Top Constituents

	Name
1.	APPLE INC
2.	NEWMONT CORP
3.	AMAZON.COM INC
4.	DEXCOM INC
5.	FACEBOOK INC-A
6.	CHIPOTLE MEXICAN GRILL INC
7.	FRANCO-NEVADA CORP
8.	KROGER CO
9.	WHEATON PRECIOUS METALS CORP
10.	DOCUSIGN INC

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Consumer Services

20.02%

Health Care

19.20%

Consumer Goods

15.37%

Technology

10.70%

Financials

10.26%

Basic Materials

9.22%

Industrials

5.20%

Telecommunications

4.02%

Utilities

3.49%

Oil & Gas

2.54%

Breakdown by Country

USA

52.31%

Japan

12.13%

Canada

6.71%

Great Britain

5.03%

France

3.47%

Denmark

3.28%

Germany

2.54%

Australia

2.31%

Switzerland

2.18%

Hong Kong

1.81%

Finland

1.34%

Italy

1.07%

Sweden

1.04%

Netherlands

1.02%

Spain

0.76%

Norway

0.75%

Belgium

0.69%

Israel

0.66%

New Zealand

0.31%

Ireland

0.20%

Austria

0.16%

Portugal

0.13%

Singapore

0.12%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDAWDCC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1811.46

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	-0.99%	4.80%	23.43%	6.67%	11.33%	-	-	13.67%
Volatility	14.64%	10.63%	15.37%	24.62%	21.36%	-	-	16.13%

*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 2020-08-31

Number of Constituents : 906

Max. Market Cap : 2,875.495 Billion CAD

Min. Market Cap : 2.587 Billion CAD

Avg. Market Cap : 180.026 Billion CAD

Median Market Cap : 47.562 Billion CAD

Top Constituents

	Name
1.	APPLE INC
2.	NEWMONT CORP
3.	AMAZON.COM INC
4.	DEXCOM INC
5.	FACEBOOK INC-A
6.	CHIPOTLE MEXICAN GRILL INC
7.	FRANCO-NEVADA CORP
8.	KROGER CO
9.	WHEATON PRECIOUS METALS CORP
10.	DOCUSIGN INC

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Consumer Services

20.02%

Health Care

19.20%

Consumer Goods

15.37%

Technology

10.70%

Financials

10.26%

Basic Materials

9.22%

Industrials

5.20%

Telecommunications

4.02%

Utilities

3.49%

Oil & Gas

2.54%

Breakdown by Country

USA

52.31%

Japan

12.13%

Canada

6.71%

Great Britain

5.03%

France

3.47%

Denmark

3.28%

Germany

2.54%

Australia

2.31%

Switzerland

2.18%

Hong Kong

1.81%

Finland

1.34%

Italy

1.07%

Sweden

1.04%

Netherlands

1.02%

Spain

0.76%

Norway

0.75%

Belgium

0.69%

Israel

0.66%

New Zealand

0.31%

Ireland

0.20%

Austria

0.16%

Portugal

0.13%

Singapore

0.12%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDAWTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2017-03-17

Base Currency : USD

Calculation Frequency : Daily

Level : 1337

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	-4.07%	5.79%	31.87%	1.13%	8.22%	22.69%	54.23%	478.64%
Volatility	15.39%	11.64%	16.75%	25.56%	22.11%	15.04%	13.21%	12.87%

*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 2020-08-31

Number of Constituents : 1197

Max. Market Cap : 2,206.911 Billion USD

Min. Market Cap : 532.956 Million USD

Avg. Market Cap : 169.126 Billion USD

Median Market Cap : 34.278 Billion USD

Top Constituents

	Name
1.	APPLE INC
2.	AMAZON.COM INC
3.	MICROSOFT CORP
4.	NEWMONT CORP
5.	CHIPOTLE MEXICAN GRILL INC
6.	FACEBOOK INC-A
7.	FRANCO-NEVADA CORP
8.	DEXCOM INC
9.	KROGER CO
10.	GENERAL MILLS INC

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Consumer Services

19.29%

Health Care

18.01%

Consumer Goods

14.92%

Technology

12.63%

Financials

10.57%

Basic Materials

8.83%

Industrials

5.94%

Telecommunications

4.69%

Utilities

3.42%

Oil & Gas

1.70%

Breakdown by Country

USA

41.96%

Japan

11.40%

China

7.59%

India

5.35%

Canada

4.82%

Great Britain

3.84%

Korea, Republic of

2.36%

Australia

2.34%

France

2.29%

Switzerland

2.11%

Denmark

1.95%

Germany

1.71%

Taiwan, Province of China

1.45%

Hong Kong

1.09%

Italy

0.90%

South Africa

0.78%

Sweden

0.71%

Finland

0.69%

Malaysia

0.66%

Netherlands

0.65%

Thailand

0.64%

Brazil

0.61%

Spain

0.55%

Belgium

0.54%

Norway

0.44%

Mexico

0.42%

Israel

0.33%

Philippines

0.31%

New Zealand

0.29%

Indonesia

0.28%

Turkey

0.25%

Ireland

0.18%

Poland

0.10%

Austria

0.09%

Singapore

0.09%

Greece

0.07%

Chile

0.06%

Russian Federation

0.06%

Portugal

0.03%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDAWPU Index

Calculating Agent : Solactive

Base Date : 2017-03-17

Launch Date : 2017-03-17

Base Currency : USD

Calculation Frequency : Daily

Level : 1246.36

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	-4.16%	5.36%	30.49%	-0.38%	6.10%	15.56%	-	24.64%
Volatility	15.37%	11.63%	16.73%	25.56%	22.11%	15.04%	-	14.06%

*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 2020-08-31

Number of Constituents : 1197

Max. Market Cap : 2,206.911 Billion USD

Min. Market Cap : 532.956 Million USD

Avg. Market Cap : 169.126 Billion USD

Median Market Cap : 34.278 Billion USD

Top Constituents

	Name
1.	APPLE INC
2.	AMAZON.COM INC
3.	MICROSOFT CORP
4.	NEWMONT CORP
5.	CHIPOTLE MEXICAN GRILL INC
6.	FACEBOOK INC-A
7.	FRANCO-NEVADA CORP
8.	DEXCOM INC
9.	KROGER CO
10.	GENERAL MILLS INC

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Consumer Services

19.29%

Health Care

18.01%

Consumer Goods

14.92%

Technology

12.63%

Financials

10.57%

Basic Materials

8.83%

Industrials

5.94%

Telecommunications

4.69%

Utilities

3.42%

Oil & Gas

1.70%

Breakdown by Country

USA

41.96%

Japan

11.40%

China

7.59%

India

5.35%

Canada

4.82%

Great Britain

3.84%

Korea, Republic of

2.36%

Australia

2.34%

France

2.29%

Switzerland

2.11%

Denmark

1.95%

Germany

1.71%

Taiwan, Province of China

1.45%

Hong Kong

1.09%

Italy

0.90%

South Africa

0.78%

Sweden

0.71%

Finland

0.69%

Malaysia

0.66%

Netherlands

0.65%

Thailand

0.64%

Brazil

0.61%

Spain

0.55%

Belgium

0.54%

Norway

0.44%

Mexico

0.42%

Israel

0.33%

Philippines

0.31%

New Zealand

0.29%

Indonesia

0.28%

Turkey

0.25%

Ireland

0.18%

Poland

0.10%

Austria

0.09%

Singapore

0.09%

Greece

0.07%

Chile

0.06%

Russian Federation

0.06%

Portugal

0.03%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDCATC Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2015-09-18

Base Currency : CAD

Calculation Frequency : Daily

Level : 5210.87

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	-1.85%	9.74%	33.96%	2.36%	4.63%	24.41%	47.84%	421.09%
Volatility	21.18%	17.02%	21.62%	34.25%	29.54%	18.30%	15.65%	14.61%

*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 2020-08-31

Number of Constituents : 100

Max. Market Cap : 167.423 Billion CAD

Min. Market Cap : 2.196 Billion CAD

Avg. Market Cap : 25.087 Billion CAD

Median Market Cap : 16.758 Billion CAD

Top Constituents

	Name
1.	SHOPIFY INC - CLASS A
2.	KINROSS GOLD CORP
3.	WHEATON PRECIOUS METALS CORP
4.	ALAMOS GOLD INC
5.	AGNICO-EAGLE MINES
6.	TOURMALINE OIL CORP
7.	FRANCO-NEVADA CORP
8.	KIRKLAND LAKE GOLD LTD
9.	PRETIUM RESOURCES INC
10.	EMPIRE CO LTD 'A'

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Basic Materials

33.96%

Financials

14.66%

Consumer Services

14.46%

Technology

10.03%

Industrials

7.43%

Oil & Gas

6.38%

Consumer Goods

5.18%

Telecommunications

4.81%

Utilities

2.79%

Health Care

0.29%

Breakdown by Country

Canada

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 Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDCAPC Index

Calculating Agent : Solactive

Base Date : 2005-12-30

Launch Date : 2015-09-18

Base Currency : CAD

Calculation Frequency : Daily

Level : 3415.76

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	-2.05%	9.22%	32.51%	0.62%	2.15%	15.73%	31.10%	241.58%
Volatility	21.04%	17.23%	21.92%	34.77%	30.03%	18.63%	15.87%	14.63%

*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 2020-08-31

Number of Constituents : 100

Max. Market Cap : 167.423 Billion CAD

Min. Market Cap : 2.196 Billion CAD

Avg. Market Cap : 25.087 Billion CAD

Median Market Cap : 16.758 Billion CAD

Top Constituents

	Name
1.	SHOPIFY INC - CLASS A
2.	KINROSS GOLD CORP
3.	WHEATON PRECIOUS METALS CORP
4.	ALAMOS GOLD INC
5.	AGNICO-EAGLE MINES
6.	TOURMALINE OIL CORP
7.	FRANCO-NEVADA CORP
8.	KIRKLAND LAKE GOLD LTD
9.	PRETIUM RESOURCES INC
10.	EMPIRE CO LTD 'A'

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Basic Materials

33.96%

Financials

14.66%

Consumer Services

14.46%

Technology

10.03%

Industrials

7.43%

Oil & Gas

6.38%

Consumer Goods

5.18%

Telecommunications

4.81%

Utilities

2.79%

Health Care

0.29%

Breakdown by Country

Canada

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 Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDCACC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1243.58

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	-1.85%	9.74%	33.95%	2.36%	4.63%	-	-	13.66%
Volatility	21.18%	17.02%	21.62%	34.25%	29.54%	-	-	20.90%

*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 2020-08-31

Number of Constituents : 100

Max. Market Cap : 167.423 Billion CAD

Min. Market Cap : 2.196 Billion CAD

Avg. Market Cap : 25.087 Billion CAD

Median Market Cap : 16.758 Billion CAD

Top Constituents

	Name
1.	SHOPIFY INC - CLASS A
2.	KINROSS GOLD CORP
3.	WHEATON PRECIOUS METALS CORP
4.	ALAMOS GOLD INC
5.	AGNICO-EAGLE MINES
6.	TOURMALINE OIL CORP
7.	FRANCO-NEVADA CORP
8.	KIRKLAND LAKE GOLD LTD
9.	PRETIUM RESOURCES INC
10.	EMPIRE CO LTD 'A'

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Basic Materials

33.96%

Financials

14.66%

Consumer Services

14.46%

Technology

10.03%

Industrials

7.43%

Oil & Gas

6.38%

Consumer Goods

5.18%

Telecommunications

4.81%

Utilities

2.79%

Health Care

0.29%

Breakdown by Country

Canada

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 Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDPXJDTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 7770.37

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	-5.06%	3.61%	31.99%	-5.24%	0.99%	5.53%	40.19%	677.04%
Volatility	15.51%	14.53%	21.46%	27.62%	24.19%	16.63%	14.95%	15.58%

*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 2020-08-31

Number of Constituents : 144

Max. Market Cap : 124.497 Billion USD

Min. Market Cap : 1.275 Billion USD

Avg. Market Cap : 16.31 Billion USD

Median Market Cap : 13.598 Billion USD

Top Constituents

	Name
1.	SEA LTD-ADR
2.	MICROPORT SCIENTIFIC CORP
3.	FISHER & PAYKEL HEALTHCARE C
4.	JB HI-FI LTD
5.	DOMINO'S PIZZA ENTERPRISES L
6.	FORTESCUE METALS GROUP LTD
7.	SARACEN MINERAL HOLDINGS LTD
8.	NEWCREST MINING LTD
9.	WOOLWORTHS LTD
10.	SPARK NEW ZEALAND LTD

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Financials

21.88%

Consumer Services

17.27%

Industrials

15.75%

Basic Materials

9.34%

Health Care

8.71%

Consumer Goods

7.35%

Technology

6.67%

Utilities

5.88%

Telecommunications

5.23%

Oil & Gas

1.92%

Breakdown by Country

Australia

42.88%

Hong Kong

34.52%

Singapore

13.41%

New Zealand

9.19%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDPXJDPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 4471.36

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	-5.35%	2.59%	29.50%	-7.83%	-2.23%	-4.41%	19.20%	347.14%
Volatility	15.58%	14.58%	21.45%	27.67%	24.23%	16.66%	14.96%	15.59%

*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 2020-08-31

Number of Constituents : 144

Max. Market Cap : 124.497 Billion USD

Min. Market Cap : 1.275 Billion USD

Avg. Market Cap : 16.31 Billion USD

Median Market Cap : 13.598 Billion USD

Top Constituents

	Name
1.	SEA LTD-ADR
2.	MICROPORT SCIENTIFIC CORP
3.	FISHER & PAYKEL HEALTHCARE C
4.	JB HI-FI LTD
5.	DOMINO'S PIZZA ENTERPRISES L
6.	FORTESCUE METALS GROUP LTD
7.	SARACEN MINERAL HOLDINGS LTD
8.	NEWCREST MINING LTD
9.	WOOLWORTHS LTD
10.	SPARK NEW ZEALAND LTD

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Financials

21.88%

Consumer Services

17.27%

Industrials

15.75%

Basic Materials

9.34%

Health Care

8.71%

Consumer Goods

7.35%

Technology

6.67%

Utilities

5.88%

Telecommunications

5.23%

Oil & Gas

1.92%

Breakdown by Country

Australia

42.88%

Hong Kong

34.52%

Singapore

13.41%

New Zealand

9.19%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDEUDTE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 4824.92

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	-0.94%	1.77%	20.88%	-5.72%	1.29%	9.08%	26.64%	382.49%
Volatility	17.43%	13.73%	18.00%	25.93%	22.90%	15.90%	15.63%	14.21%

*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 2020-08-31

Number of Constituents : 370

Max. Market Cap : 290.429 Billion EUR

Min. Market Cap : 1.582 Billion EUR

Avg. Market Cap : 33.562 Billion EUR

Median Market Cap : 18.15 Billion EUR

Top Constituents

	Name
1.	NESTE OIL OYJ
2.	OCADO GROUP PLC
3.	JAMES HARDIE INDUSTRIES-CDI
4.	NESTLE SA-REG
5.	DEUTSCHE WOHNEN AG-BR
6.	HELLOFRESH SE
7.	ASTRAZENECA PLC
8.	GENMAB A/S
9.	KONINKLIJKE AHOLD DELHAIZE NV
10.	PANDORA A/S

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Health Care

27.50%

Consumer Services

17.53%

Consumer Goods

17.28%

Financials

10.64%

Industrials

9.70%

Telecommunications

4.66%

Utilities

4.32%

Technology

3.57%

Oil & Gas

2.79%

Basic Materials

2.00%

Breakdown by Country

Great Britain

23.18%

Denmark

12.58%

France

11.24%

Switzerland

9.97%

Germany

9.30%

Finland

5.96%

Netherlands

5.39%

Sweden

4.07%

Belgium

4.03%

Ireland

3.94%

Spain

3.57%

Italy

3.40%

Norway

1.97%

Portugal

0.89%

Austria

0.52%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDEUDPE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 3021.79

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	-1.01%	1.37%	19.22%	-7.40%	-0.97%	0.50%	11.15%	202.18%
Volatility	17.45%	13.74%	18.04%	25.95%	22.92%	15.91%	15.63%	14.20%

*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 2020-08-31

Number of Constituents : 370

Max. Market Cap : 290.429 Billion EUR

Min. Market Cap : 1.582 Billion EUR

Avg. Market Cap : 33.562 Billion EUR

Median Market Cap : 18.15 Billion EUR

Top Constituents

	Name
1.	NESTE OIL OYJ
2.	OCADO GROUP PLC
3.	JAMES HARDIE INDUSTRIES-CDI
4.	NESTLE SA-REG
5.	DEUTSCHE WOHNEN AG-BR
6.	HELLOFRESH SE
7.	ASTRAZENECA PLC
8.	GENMAB A/S
9.	KONINKLIJKE AHOLD DELHAIZE NV
10.	PANDORA A/S

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Health Care

27.50%

Consumer Services

17.53%

Consumer Goods

17.28%

Financials

10.64%

Industrials

9.70%

Telecommunications

4.66%

Utilities

4.32%

Technology

3.57%

Oil & Gas

2.79%

Basic Materials

2.00%

Breakdown by Country

Great Britain

23.18%

Denmark

12.58%

France

11.24%

Switzerland

9.97%

Germany

9.30%

Finland

5.96%

Netherlands

5.39%

Sweden

4.07%

Belgium

4.03%

Ireland

3.94%

Spain

3.57%

Italy

3.40%

Norway

1.97%

Portugal

0.89%

Austria

0.52%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDEUDCC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1715.25

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	-0.97%	3.51%	21.07%	0.70%	8.21%	-	-	4.22%
Volatility	16.29%	12.65%	16.46%	23.82%	21.04%	-	-	16.25%

*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 2020-08-31

Number of Constituents : 370

Max. Market Cap : 452.565 Billion CAD

Min. Market Cap : 2.466 Billion CAD

Avg. Market Cap : 52.298 Billion CAD

Median Market Cap : 28.283 Billion CAD

Top Constituents

	Name
1.	NESTE OIL OYJ
2.	OCADO GROUP PLC
3.	JAMES HARDIE INDUSTRIES-CDI
4.	NESTLE SA-REG
5.	DEUTSCHE WOHNEN AG-BR
6.	HELLOFRESH SE
7.	ASTRAZENECA PLC
8.	GENMAB A/S
9.	KONINKLIJKE AHOLD DELHAIZE NV
10.	PANDORA A/S

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Health Care

27.50%

Consumer Services

17.53%

Consumer Goods

17.28%

Financials

10.64%

Industrials

9.70%

Telecommunications

4.66%

Utilities

4.32%

Technology

3.57%

Oil & Gas

2.79%

Basic Materials

2.00%

Breakdown by Country

Great Britain

23.18%

Denmark

12.58%

France

11.24%

Switzerland

9.97%

Germany

9.30%

Finland

5.96%

Netherlands

5.39%

Sweden

4.07%

Belgium

4.03%

Ireland

3.94%

Spain

3.57%

Italy

3.40%

Norway

1.97%

Portugal

0.89%

Austria

0.52%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDEMUDPE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 2845.45

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	-0.54%	2.07%	18.50%	-7.06%	-2.12%	-0.28%	15.97%	184.55%
Volatility	17.57%	14.41%	20.05%	27.91%	24.40%	16.86%	16.35%	15.25%

*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 2020-08-31

Number of Constituents : 208

Max. Market Cap : 169.583 Billion EUR

Min. Market Cap : 2.209 Billion EUR

Avg. Market Cap : 24.479 Billion EUR

Median Market Cap : 18.36 Billion EUR

Top Constituents

	Name
1.	CELLNEX TELECOM SA
2.	NESTE OIL OYJ
3.	KESKO OYJ-B SHS
4.	HELLOFRESH SE
5.	ZALANDO SE
6.	BIOMERIEUX
7.	UCB SA
8.	KINGSPAN GROUP PLC
9.	KONINKLIJKE AHOLD DELHAIZE NV
10.	DEUTSCHE WOHNEN AG-BR

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Health Care

18.00%

Consumer Goods

16.06%

Consumer Services

15.19%

Financials

13.19%

Industrials

12.13%

Telecommunications

6.85%

Technology

5.58%

Oil & Gas

5.29%

Utilities

5.00%

Basic Materials

2.71%

Breakdown by Country

France

24.16%

Germany

22.31%

Netherlands

12.32%

Finland

10.33%

Spain

9.18%

Belgium

8.41%

Italy

7.38%

Ireland

3.22%

Portugal

1.52%

Austria

1.18%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDEMUDTE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 4470.2

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	-0.51%	2.56%	20.48%	-5.38%	0.01%	7.82%	31.61%	347.02%
Volatility	17.59%	14.41%	20.03%	27.91%	24.40%	16.86%	16.35%	15.25%

*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 2020-08-31

Number of Constituents : 208

Max. Market Cap : 169.583 Billion EUR

Min. Market Cap : 2.209 Billion EUR

Avg. Market Cap : 24.479 Billion EUR

Median Market Cap : 18.36 Billion EUR

Top Constituents

	Name
1.	CELLNEX TELECOM SA
2.	NESTE OIL OYJ
3.	KESKO OYJ-B SHS
4.	HELLOFRESH SE
5.	ZALANDO SE
6.	BIOMERIEUX
7.	UCB SA
8.	KINGSPAN GROUP PLC
9.	KONINKLIJKE AHOLD DELHAIZE NV
10.	DEUTSCHE WOHNEN AG-BR

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Health Care

18.00%

Consumer Goods

16.06%

Consumer Services

15.19%

Financials

13.19%

Industrials

12.13%

Telecommunications

6.85%

Technology

5.58%

Oil & Gas

5.29%

Utilities

5.00%

Basic Materials

2.71%

Breakdown by Country

France

24.16%

Germany

22.31%

Netherlands

12.32%

Finland

10.33%

Spain

9.18%

Belgium

8.41%

Italy

7.38%

Ireland

3.22%

Portugal

1.52%

Austria

1.18%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDEMTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2015-12-18

Base Currency : USD

Calculation Frequency : Daily

Level : 1393.36

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	-4.00%	6.90%	38.21%	-2.08%	6.05%	5.22%	38.04%	729.18%
Volatility	16.39%	15.15%	18.44%	27.55%	23.93%	16.67%	14.89%	15.95%

*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 2020-08-31

Number of Constituents : 785

Max. Market Cap : 776.599 Billion USD

Min. Market Cap : 532.956 Million USD

Avg. Market Cap : 27.028 Billion USD

Median Market Cap : 13.201 Billion USD

Top Constituents

	Name
1.	NIO INC - ADR
2.	TAIWAN SEMICONDUCTOR MANUFAC
3.	GOLD FIELDS LTD
4.	ANGLOGOLD ASHANTI LTD
5.	LI NING CO LTD
6.	TOP GLOVE CORP BHD
7.	RELIANCE INDUSTRIES LTD
8.	SUN PHARMACEUTICAL INDUSTRIES LTD
9.	INFOSYS TECHNOLOGIES LTD
10.	HINDUSTAN UNILEVER LTD

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Consumer Goods

18.22%

Technology

14.08%

Health Care

13.73%

Financials

12.27%

Consumer Services

10.74%

Industrials

9.02%

Basic Materials

7.77%

Telecommunications

7.23%

Utilities

3.63%

Oil & Gas

3.31%

Breakdown by Country

China

26.28%

India

20.43%

Taiwan, Province of China

14.21%

Korea, Republic of

9.71%

Thailand

5.60%

Malaysia

5.32%

Brazil

4.56%

South Africa

4.40%

Mexico

2.01%

Philippines

1.70%

Turkey

1.69%

Poland

1.15%

Russian Federation

1.11%

Indonesia

1.04%

Chile

0.42%

Greece

0.14%

Hungary

0.14%

Peru

0.07%

Colombia

0.03%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDEMPU Index

Calculating Agent : Solactive

Base Date : 2015-12-18

Launch Date : 2015-12-18

Base Currency : USD

Calculation Frequency : Daily

Level : 1257.15

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	-4.10%	6.05%	36.38%	-3.67%	4.09%	-0.74%	-	25.71%
Volatility	16.39%	15.07%	18.39%	27.53%	23.92%	16.65%	-	14.92%

*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 2020-08-31

Number of Constituents : 785

Max. Market Cap : 776.599 Billion USD

Min. Market Cap : 532.956 Million USD

Avg. Market Cap : 27.028 Billion USD

Median Market Cap : 13.201 Billion USD

Top Constituents

	Name
1.	NIO INC - ADR
2.	TAIWAN SEMICONDUCTOR MANUFAC
3.	GOLD FIELDS LTD
4.	ANGLOGOLD ASHANTI LTD
5.	LI NING CO LTD
6.	TOP GLOVE CORP BHD
7.	RELIANCE INDUSTRIES LTD
8.	SUN PHARMACEUTICAL INDUSTRIES LTD
9.	INFOSYS TECHNOLOGIES LTD
10.	HINDUSTAN UNILEVER LTD

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Consumer Goods

18.22%

Technology

14.08%

Health Care

13.73%

Financials

12.27%

Consumer Services

10.74%

Industrials

9.02%

Basic Materials

7.77%

Telecommunications

7.23%

Utilities

3.63%

Oil & Gas

3.31%

Breakdown by Country

China

26.28%

India

20.43%

Taiwan, Province of China

14.21%

Korea, Republic of

9.71%

Thailand

5.60%

Malaysia

5.32%

Brazil

4.56%

South Africa

4.40%

Mexico

2.01%

Philippines

1.70%

Turkey

1.69%

Poland

1.15%

Russian Federation

1.11%

Indonesia

1.04%

Chile

0.42%

Greece

0.14%

Hungary

0.14%

Peru

0.07%

Colombia

0.03%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDEMCC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1572.81

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	-1.22%	4.89%	29.11%	1.10%	6.95%	-	-	2.57%
Volatility	13.80%	13.84%	15.57%	24.48%	21.36%	-	-	16.44%

*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 2020-08-31

Number of Constituents : 785

Max. Market Cap : 1,011.87 Billion CAD

Min. Market Cap : 694.415 Million CAD

Avg. Market Cap : 35.216 Billion CAD

Median Market Cap : 17.20 Billion CAD

Top Constituents

	Name
1.	NIO INC - ADR
2.	TAIWAN SEMICONDUCTOR MANUFAC
3.	GOLD FIELDS LTD
4.	ANGLOGOLD ASHANTI LTD
5.	LI NING CO LTD
6.	TOP GLOVE CORP BHD
7.	RELIANCE INDUSTRIES LTD
8.	SUN PHARMACEUTICAL INDUSTRIES LTD
9.	INFOSYS TECHNOLOGIES LTD
10.	HINDUSTAN UNILEVER LTD

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Consumer Goods

18.22%

Technology

14.08%

Health Care

13.73%

Financials

12.27%

Consumer Services

10.74%

Industrials

9.02%

Basic Materials

7.77%

Telecommunications

7.23%

Utilities

3.63%

Oil & Gas

3.31%

Breakdown by Country

China

26.28%

India

20.43%

Taiwan, Province of China

14.21%

Korea, Republic of

9.71%

Thailand

5.60%

Malaysia

5.32%

Brazil

4.56%

South Africa

4.40%

Mexico

2.01%

Philippines

1.70%

Turkey

1.69%

Poland

1.15%

Russian Federation

1.11%

Indonesia

1.04%

Chile

0.42%

Greece

0.14%

Hungary

0.14%

Peru

0.07%

Colombia

0.03%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDJNPJ Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : JPY

Calculation Frequency : Daily

Level : 2954.57

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	1.69%	5.18%	20.48%	1.62%	7.13%	2.73%	29.99%	195.46%
Volatility	12.12%	14.26%	17.56%	21.83%	19.23%	16.60%	17.47%	17.34%

*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 2020-08-31

Number of Constituents : 242

Max. Market Cap : 13,788.595 Billion JPY

Min. Market Cap : 156.944 Billion JPY

Avg. Market Cap : 2,354.544 Billion JPY

Median Market Cap : 1,322.673 Billion JPY

Top Constituents

	Name
1.	Z HOLDINGS CORP
2.	SOFTBANK GROUP CORP
3.	NINTENDO CO LTD
4.	COSMOS PHARMACEUTICAL CORP
5.	NET ONE SYSTEMS CO LTD
6.	PAN PACIFIC INTERNATIONAL HO
7.	SQUARE ENIX CO LTD
8.	NEXON CO LTD
9.	NITORI CO LTD
10.	CAPCOM CO LTD

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Consumer Services

25.30%

Consumer Goods

20.92%

Technology

14.46%

Health Care

12.67%

Industrials

7.83%

Telecommunications

5.96%

Financials

5.92%

Basic Materials

3.56%

Utilities

2.37%

Oil & Gas

1.02%

Breakdown by Country

Japan

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 Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDJNTJ Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : JPY

Calculation Frequency : Daily

Level : 3954.92

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	1.69%	5.34%	21.72%	2.75%	9.21%	8.32%	41.50%	295.49%
Volatility	12.12%	14.21%	17.52%	21.81%	19.19%	16.59%	17.47%	17.35%

*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 2020-08-31

Number of Constituents : 242

Max. Market Cap : 13,788.595 Billion JPY

Min. Market Cap : 156.944 Billion JPY

Avg. Market Cap : 2,354.544 Billion JPY

Median Market Cap : 1,322.673 Billion JPY

Top Constituents

	Name
1.	Z HOLDINGS CORP
2.	SOFTBANK GROUP CORP
3.	NINTENDO CO LTD
4.	COSMOS PHARMACEUTICAL CORP
5.	NET ONE SYSTEMS CO LTD
6.	PAN PACIFIC INTERNATIONAL HO
7.	SQUARE ENIX CO LTD
8.	NEXON CO LTD
9.	NITORI CO LTD
10.	CAPCOM CO LTD

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Consumer Services

25.30%

Consumer Goods

20.92%

Technology

14.46%

Health Care

12.67%

Industrials

7.83%

Telecommunications

5.96%

Financials

5.92%

Basic Materials

3.56%

Utilities

2.37%

Oil & Gas

1.02%

Breakdown by Country

Japan

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 Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDNATU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2013-05-13

Base Currency : USD

Calculation Frequency : Daily

Level : 6700.76

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	-3.77%	7.73%	36.56%	5.82%	12.47%	37.37%	72.16%	683.41%
Volatility	22.83%	16.36%	23.91%	34.13%	29.47%	19.72%	16.90%	15.87%

*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 2020-08-31

Number of Constituents : 488

Max. Market Cap : 2,206.911 Billion USD

Min. Market Cap : 4.546 Billion USD

Avg. Market Cap : 115.165 Billion USD

Median Market Cap : 46.721 Billion USD

Top Constituents

	Name
1.	DOCUSIGN INC
2.	FACEBOOK INC-A
3.	CHIPOTLE MEXICAN GRILL INC
4.	NEWMONT CORP
5.	FRANCO-NEVADA CORP
6.	DEXCOM INC
7.	KROGER CO
8.	WHEATON PRECIOUS METALS CORP
9.	CLOROX COMPANY
10.	SNAP INC - A

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Consumer Services

20.32%

Health Care

19.44%

Technology

14.17%

Consumer Goods

14.15%

Financials

11.15%

Basic Materials

9.67%

Industrials

4.16%

Utilities

3.49%

Oil & Gas

1.73%

Telecommunications

1.72%

Breakdown by Country

USA

87.75%

Canada

12.25%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDNAPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2013-05-13

Base Currency : USD

Calculation Frequency : Daily

Level : 4732.69

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	-3.87%	7.31%	35.34%	4.36%	10.29%	29.59%	56.58%	455.92%
Volatility	22.77%	16.33%	23.87%	34.11%	29.45%	19.71%	16.89%	15.87%

*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 2020-08-31

Number of Constituents : 488

Max. Market Cap : 2,206.911 Billion USD

Min. Market Cap : 4.546 Billion USD

Avg. Market Cap : 115.165 Billion USD

Median Market Cap : 46.721 Billion USD

Top Constituents

	Name
1.	DOCUSIGN INC
2.	FACEBOOK INC-A
3.	CHIPOTLE MEXICAN GRILL INC
4.	NEWMONT CORP
5.	FRANCO-NEVADA CORP
6.	DEXCOM INC
7.	KROGER CO
8.	WHEATON PRECIOUS METALS CORP
9.	CLOROX COMPANY
10.	SNAP INC - A

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Consumer Services

20.32%

Health Care

19.44%

Technology

14.17%

Consumer Goods

14.15%

Financials

11.15%

Basic Materials

9.67%

Industrials

4.16%

Utilities

3.49%

Oil & Gas

1.73%

Telecommunications

1.72%

Breakdown by Country

USA

87.75%

Canada

12.25%

INVESTMENT PHILOSOPHY

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

The Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDUKPG Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : GBP

Calculation Frequency : Daily

Level : 2752.71

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	-0.86%	0.97%	16.28%	-14.13%	-8.69%	-13.57%	-2.50%	175.27%
Volatility	20.34%	16.12%	22.21%	27.63%	24.76%	16.94%	15.71%	15.73%

*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 2020-08-28

Number of Constituents : 98

Max. Market Cap : 115.942 Billion GBP

Min. Market Cap : 1.413 Billion GBP

Avg. Market Cap : 20.477 Billion GBP

Median Market Cap : 13.19 Billion GBP

Top Constituents

	Name
1.	OCADO GROUP PLC
2.	DECHRA PHARMACEUTICALS PLC
3.	RECKITT BENCKISER GROUP PLC
4.	PADDY POWER BETFAIR PLC GBP
5.	HIKMA PHARMACEUTICALS PLC
6.	UNILEVER PLC
7.	ASTRAZENECA PLC
8.	IG GROUP HOLDINGS PLC
9.	HISCOX LTD
10.	CONVATEC GROUP PLC

Allocations

As of 2020-08-28

Breakdown by Economic Sector

Consumer Services

33.79%

Health Care

16.60%

Consumer Goods

15.23%

Financials

11.65%

Utilities

8.38%

Industrials

5.30%

Basic Materials

3.37%

Technology

2.89%

Telecommunications

2.60%

Oil & Gas

0.18%

Breakdown by Country

Great Britain

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 Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDUKTG Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : GBP

Calculation Frequency : Daily

Level : 4981.31

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	-0.62%	1.70%	17.85%	-12.46%	-6.22%	-5.00%	13.92%	398.13%
Volatility	20.15%	16.03%	22.13%	27.54%	24.69%	16.90%	15.69%	15.72%

*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 2020-08-28

Number of Constituents : 98

Max. Market Cap : 115.942 Billion GBP

Min. Market Cap : 1.413 Billion GBP

Avg. Market Cap : 20.477 Billion GBP

Median Market Cap : 13.19 Billion GBP

Top Constituents

	Name
1.	OCADO GROUP PLC
2.	DECHRA PHARMACEUTICALS PLC
3.	RECKITT BENCKISER GROUP PLC
4.	PADDY POWER BETFAIR PLC GBP
5.	HIKMA PHARMACEUTICALS PLC
6.	UNILEVER PLC
7.	ASTRAZENECA PLC
8.	IG GROUP HOLDINGS PLC
9.	HISCOX LTD
10.	CONVATEC GROUP PLC

Allocations

As of 2020-08-28

Breakdown by Economic Sector

Consumer Services

33.79%

Health Care

16.60%

Consumer Goods

15.23%

Financials

11.65%

Utilities

8.38%

Industrials

5.30%

Basic Materials

3.37%

Technology

2.89%

Telecommunications

2.60%

Oil & Gas

0.18%

Breakdown by Country

Great Britain

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 Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDUSATU Index

Calculating Agent : Solactive

Base Date : 2000-06-05

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 8369.28

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	-3.49%	7.16%	36.27%	5.68%	12.83%	38.50%	75.01%	613.96%
Volatility	23.20%	16.20%	25.07%	35.36%	30.57%	20.67%	17.66%	16.78%

*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.

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Constituents

As of 2020-08-31

Number of Constituents : 452

Max. Market Cap : 2,206.911 Billion USD

Min. Market Cap : 4.546 Billion USD

Avg. Market Cap : 121.842 Billion USD

Median Market Cap : 48.188 Billion USD

Top Constituents

	Name
1.	DOCUSIGN INC
2.	FACEBOOK INC-A
3.	CHIPOTLE MEXICAN GRILL INC
4.	NEWMONT CORP
5.	DEXCOM INC
6.	CLOROX COMPANY
7.	SNAP INC - A
8.	KROGER CO
9.	KRAFT HEINZ CO/THE
10.	APPLE INC

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Health Care

21.73%

Consumer Services

21.12%

Consumer Goods

16.11%

Technology

15.50%

Financials

10.57%

Industrials

4.15%

Utilities

3.91%

Basic Materials

3.04%

Oil & Gas

2.20%

Telecommunications

1.67%

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 Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDUSAPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 6209.81

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	-3.58%	6.74%	35.03%	4.24%	10.63%	30.57%	58.75%	520.98%
Volatility	23.14%	16.17%	25.03%	35.34%	30.55%	20.67%	17.66%	16.76%

*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 2020-08-31

Number of Constituents : 452

Max. Market Cap : 2,206.911 Billion USD

Min. Market Cap : 4.546 Billion USD

Avg. Market Cap : 121.842 Billion USD

Median Market Cap : 48.188 Billion USD

Top Constituents

	Name
1.	DOCUSIGN INC
2.	FACEBOOK INC-A
3.	CHIPOTLE MEXICAN GRILL INC
4.	NEWMONT CORP
5.	DEXCOM INC
6.	CLOROX COMPANY
7.	SNAP INC - A
8.	KROGER CO
9.	KRAFT HEINZ CO/THE
10.	APPLE INC

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Health Care

21.73%

Consumer Services

21.12%

Consumer Goods

16.11%

Technology

15.50%

Financials

10.57%

Industrials

4.15%

Utilities

3.91%

Basic Materials

3.04%

Oil & Gas

2.20%

Telecommunications

1.67%

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 Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-09-25

Ticker : MDUSACC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1936.95

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	-0.70%	5.17%	27.27%	9.05%	13.62%	-	-	19.38%
Volatility	21.68%	15.39%	23.08%	34.26%	29.66%	-	-	22.47%

*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 2020-08-31

Number of Constituents : 452

Max. Market Cap : 2,875.495 Billion CAD

Min. Market Cap : 5.923 Billion CAD

Avg. Market Cap : 158.754 Billion CAD

Median Market Cap : 62.787 Billion CAD

Top Constituents

	Name
1.	DOCUSIGN INC
2.	FACEBOOK INC-A
3.	CHIPOTLE MEXICAN GRILL INC
4.	NEWMONT CORP
5.	DEXCOM INC
6.	CLOROX COMPANY
7.	SNAP INC - A
8.	KROGER CO
9.	KRAFT HEINZ CO/THE
10.	APPLE INC

Allocations

As of 2020-08-31

Breakdown by Economic Sector

Health Care

21.73%

Consumer Services

21.12%

Consumer Goods

16.11%

Technology

15.50%

Financials

10.57%

Industrials

4.15%

Utilities

3.91%

Basic Materials

3.04%

Oil & Gas

2.20%

Telecommunications

1.67%

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 Maximum Diversification® process is designed to create portfolios which lie closer to the ex-post efficient frontier than the market cap portfolio over a market cycle.

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

MAXDIV® Range of Indices

MAXDIV^® Range of Indices