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

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 2021-04-20

Ticker : MDWXNATU Index

Calculating Agent : Solactive

Base Date : 2001-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 7150.79

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	3.62%	1.31%	12.44%	2.66%	35.75%	17.70%	45.18%	601.13%
Volatility	7.98%	11.83%	11.58%	11.33%	12.93%	13.77%	12.48%	12.97%

*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 2021-03-31

Number of Constituents : 714

Max. Market Cap : 322.461 Billion USD

Min. Market Cap : 2.202 Billion USD

Avg. Market Cap : 39.833 Billion USD

Median Market Cap : 19.491 Billion USD

Top Constituents

	Name
1.	JARDINE MATHESON HLDGS LTD
2.	NEXON CO LTD
3.	NESTLE SA-REG
4.	OCADO GROUP PLC
5.	HELLOFRESH SE
6.	ROCHE HOLDING AG-GENUSSCHEIN
7.	AMBU A/S-B
8.	KERRY GROUP PLC-A
9.	PANDORA A/S
10.	LINK REIT

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Consumer Discretionary

18.99%

Health Care

18.99%

Consumer Staples

18.92%

Industrials

9.78%

Financials

7.36%

Basic Materials

5.93%

Telecommunications

5.51%

Technology

5.45%

Real Estate

4.43%

Utilities

2.78%

Energy

1.87%

Breakdown by Country

Japan

31.11%

Great Britain

12.77%

Australia

7.43%

France

7.38%

Hong Kong

7.33%

Denmark

6.23%

Switzerland

5.17%

Germany

4.46%

Finland

2.51%

Netherlands

1.97%

Italy

1.89%

Spain

1.87%

Israel

1.75%

Sweden

1.69%

Belgium

1.62%

Ireland

1.39%

New Zealand

1.15%

Norway

0.99%

Singapore

0.93%

Austria

0.23%

Portugal

0.15%

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 2021-04-20

Ticker : MDWXNAPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 4554.69

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	3.47%	0.54%	11.36%	1.87%	32.96%	9.23%	28.71%	355.47%
Volatility	7.97%	11.81%	11.57%	11.32%	12.93%	13.78%	12.48%	13.07%

*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 2021-03-31

Number of Constituents : 714

Max. Market Cap : 322.461 Billion USD

Min. Market Cap : 2.202 Billion USD

Avg. Market Cap : 39.833 Billion USD

Median Market Cap : 19.491 Billion USD

Top Constituents

	Name
1.	JARDINE MATHESON HLDGS LTD
2.	NEXON CO LTD
3.	NESTLE SA-REG
4.	OCADO GROUP PLC
5.	HELLOFRESH SE
6.	ROCHE HOLDING AG-GENUSSCHEIN
7.	AMBU A/S-B
8.	KERRY GROUP PLC-A
9.	PANDORA A/S
10.	LINK REIT

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Consumer Discretionary

18.99%

Health Care

18.99%

Consumer Staples

18.92%

Industrials

9.78%

Financials

7.36%

Basic Materials

5.93%

Telecommunications

5.51%

Technology

5.45%

Real Estate

4.43%

Utilities

2.78%

Energy

1.87%

Breakdown by Country

Japan

31.11%

Great Britain

12.77%

Australia

7.43%

France

7.38%

Hong Kong

7.33%

Denmark

6.23%

Switzerland

5.17%

Germany

4.46%

Finland

2.51%

Netherlands

1.97%

Italy

1.89%

Spain

1.87%

Israel

1.75%

Sweden

1.69%

Belgium

1.62%

Ireland

1.39%

New Zealand

1.15%

Norway

0.99%

Singapore

0.93%

Austria

0.23%

Portugal

0.15%

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 2021-04-20

Ticker : MDWXNACC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1759.56

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	3.52%	0.67%	7.42%	1.12%	21.06%	-	-	16.03%
Volatility	7.44%	10.62%	9.79%	9.95%	10.29%	-	-	11.95%

*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 2021-03-31

Number of Constituents : 714

Max. Market Cap : 405.286 Billion CAD

Min. Market Cap : 2.767 Billion CAD

Avg. Market Cap : 50.064 Billion CAD

Median Market Cap : 24.497 Billion CAD

Top Constituents

	Name
1.	JARDINE MATHESON HLDGS LTD
2.	NEXON CO LTD
3.	NESTLE SA-REG
4.	OCADO GROUP PLC
5.	HELLOFRESH SE
6.	ROCHE HOLDING AG-GENUSSCHEIN
7.	AMBU A/S-B
8.	KERRY GROUP PLC-A
9.	PANDORA A/S
10.	LINK REIT

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Consumer Discretionary

18.99%

Health Care

18.99%

Consumer Staples

18.92%

Industrials

9.78%

Financials

7.36%

Basic Materials

5.93%

Telecommunications

5.51%

Technology

5.45%

Real Estate

4.43%

Utilities

2.78%

Energy

1.87%

Breakdown by Country

Japan

31.11%

Great Britain

12.77%

Australia

7.43%

France

7.38%

Hong Kong

7.33%

Denmark

6.23%

Switzerland

5.17%

Germany

4.46%

Finland

2.51%

Netherlands

1.97%

Italy

1.89%

Spain

1.87%

Israel

1.75%

Sweden

1.69%

Belgium

1.62%

Ireland

1.39%

New Zealand

1.15%

Norway

0.99%

Singapore

0.93%

Austria

0.23%

Portugal

0.15%

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 2021-04-20

Ticker : MDAWDTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 7661.01

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	3.71%	2.11%	13.70%	4.96%	38.01%	37.71%	70.55%	666.10%
Volatility	8.43%	12.20%	11.97%	11.57%	13.08%	15.85%	13.47%	12.38%

*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 2021-03-31

Number of Constituents : 902

Max. Market Cap : 2,050.666 Billion USD

Min. Market Cap : 2.751 Billion USD

Avg. Market Cap : 118.424 Billion USD

Median Market Cap : 41.837 Billion USD

Top Constituents

	Name
1.	MODERNA INC
2.	ZOOM VIDEO COMMUNICATIONS-A
3.	AMAZON.COM INC
4.	SNAP INC - A
5.	NEWMONT CORP
6.	FACEBOOK INC-A
7.	ROKU INC
8.	APPLE INC
9.	KROGER CO
10.	DOCUSIGN INC

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Health Care

19.83%

Consumer Discretionary

18.51%

Consumer Staples

14.50%

Technology

11.19%

Industrials

7.71%

Financials

7.70%

Basic Materials

5.85%

Telecommunications

5.30%

Real Estate

3.60%

Utilities

3.22%

Energy

2.59%

Breakdown by Country

USA

53.94%

Japan

13.15%

Great Britain

5.48%

Canada

4.68%

France

4.40%

Denmark

2.89%

Germany

2.50%

Switzerland

1.89%

Hong Kong

1.75%

Australia

1.35%

Spain

1.30%

Italy

0.99%

Sweden

0.98%

Finland

0.96%

Netherlands

0.93%

Israel

0.68%

Norway

0.63%

Belgium

0.59%

New Zealand

0.50%

Ireland

0.22%

Austria

0.10%

Portugal

0.08%

Singapore

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 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 2021-04-20

Ticker : MDAWDPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 5323.66

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	3.59%	1.62%	12.83%	4.40%	35.73%	29.41%	54.38%	432.37%
Volatility	8.47%	12.22%	11.98%	11.59%	13.08%	15.85%	13.46%	12.38%

*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 2021-03-31

Number of Constituents : 902

Max. Market Cap : 2,050.666 Billion USD

Min. Market Cap : 2.751 Billion USD

Avg. Market Cap : 118.424 Billion USD

Median Market Cap : 41.837 Billion USD

Top Constituents

	Name
1.	MODERNA INC
2.	ZOOM VIDEO COMMUNICATIONS-A
3.	AMAZON.COM INC
4.	SNAP INC - A
5.	NEWMONT CORP
6.	FACEBOOK INC-A
7.	ROKU INC
8.	APPLE INC
9.	KROGER CO
10.	DOCUSIGN INC

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Health Care

19.83%

Consumer Discretionary

18.51%

Consumer Staples

14.50%

Technology

11.19%

Industrials

7.71%

Financials

7.70%

Basic Materials

5.85%

Telecommunications

5.30%

Real Estate

3.60%

Utilities

3.22%

Energy

2.59%

Breakdown by Country

USA

53.94%

Japan

13.15%

Great Britain

5.48%

Canada

4.68%

France

4.40%

Denmark

2.89%

Germany

2.50%

Switzerland

1.89%

Hong Kong

1.75%

Australia

1.35%

Spain

1.30%

Italy

0.99%

Sweden

0.98%

Finland

0.96%

Netherlands

0.93%

Israel

0.68%

Norway

0.63%

Belgium

0.59%

New Zealand

0.50%

Ireland

0.22%

Austria

0.10%

Portugal

0.08%

Singapore

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 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 2021-04-20

Ticker : MDAWDCC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 2007.55

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	3.61%	1.48%	8.63%	3.40%	23.06%	-	-	25.98%
Volatility	7.54%	12.18%	10.99%	11.29%	11.26%	-	-	15.20%

*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 2021-03-31

Number of Constituents : 902

Max. Market Cap : 2,577.379 Billion CAD

Min. Market Cap : 3.458 Billion CAD

Avg. Market Cap : 148.841 Billion CAD

Median Market Cap : 52.583 Billion CAD

Top Constituents

	Name
1.	MODERNA INC
2.	ZOOM VIDEO COMMUNICATIONS-A
3.	AMAZON.COM INC
4.	SNAP INC - A
5.	NEWMONT CORP
6.	FACEBOOK INC-A
7.	ROKU INC
8.	APPLE INC
9.	KROGER CO
10.	DOCUSIGN INC

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Health Care

19.83%

Consumer Discretionary

18.51%

Consumer Staples

14.50%

Technology

11.19%

Industrials

7.71%

Financials

7.70%

Basic Materials

5.85%

Telecommunications

5.30%

Real Estate

3.60%

Utilities

3.22%

Energy

2.59%

Breakdown by Country

USA

53.94%

Japan

13.15%

Great Britain

5.48%

Canada

4.68%

France

4.40%

Denmark

2.89%

Germany

2.50%

Switzerland

1.89%

Hong Kong

1.75%

Australia

1.35%

Spain

1.30%

Italy

0.99%

Sweden

0.98%

Finland

0.96%

Netherlands

0.93%

Israel

0.68%

Norway

0.63%

Belgium

0.59%

New Zealand

0.50%

Ireland

0.22%

Austria

0.10%

Portugal

0.08%

Singapore

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 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 2021-04-20

Ticker : MDAWTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2017-03-17

Base Currency : USD

Calculation Frequency : Daily

Level : 1590.34

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	3.38%	0.63%	14.07%	4.21%	38.14%	32.88%	68.39%	588.28%
Volatility	7.94%	12.49%	11.83%	11.92%	12.30%	15.30%	13.08%	12.84%

*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 2021-03-31

Number of Constituents : 1128

Max. Market Cap : 2,050.666 Billion USD

Min. Market Cap : 1.056 Billion USD

Avg. Market Cap : 152.962 Billion USD

Median Market Cap : 39.524 Billion USD

Top Constituents

	Name
1.	MICROSOFT CORP
2.	MODERNA INC
3.	AMAZON.COM INC
4.	APPLE INC
5.	FACEBOOK INC-A
6.	NEWMONT CORP
7.	ROKU INC
8.	ZOOM VIDEO COMMUNICATIONS-A
9.	GENERAL MILLS INC
10.	KROGER CO

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Consumer Discretionary

18.42%

Health Care

18.41%

Technology

13.54%

Consumer Staples

13.46%

Financials

8.78%

Industrials

7.86%

Basic Materials

5.97%

Telecommunications

5.42%

Utilities

3.27%

Real Estate

2.97%

Energy

1.89%

Breakdown by Country

USA

43.11%

Japan

12.36%

China

8.42%

India

4.94%

Great Britain

4.21%

Canada

3.16%

France

2.73%

Korea, Republic of

2.65%

Taiwan, Province of China

1.92%

Germany

1.89%

Switzerland

1.71%

Denmark

1.63%

Australia

1.39%

Hong Kong

1.24%

Spain

0.94%

Italy

0.86%

Finland

0.66%

South Africa

0.65%

Netherlands

0.61%

Norway

0.53%

Israel

0.49%

New Zealand

0.46%

Belgium

0.43%

Sweden

0.39%

Philippines

0.37%

Malaysia

0.35%

Thailand

0.33%

Brazil

0.31%

Indonesia

0.30%

Mexico

0.25%

Turkey

0.23%

Chile

0.19%

Ireland

0.12%

Poland

0.05%

Russian Federation

0.04%

Portugal

0.04%

Austria

0.03%

Singapore

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 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 2021-04-20

Ticker : MDAWPU Index

Calculating Agent : Solactive

Base Date : 2017-03-17

Launch Date : 2017-03-17

Base Currency : USD

Calculation Frequency : Daily

Level : 1470.42

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	3.28%	0.18%	13.28%	3.70%	35.93%	25.35%	-	47.04%
Volatility	7.95%	12.51%	11.84%	11.94%	12.30%	15.30%	-	13.76%

*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 2021-03-31

Number of Constituents : 1128

Max. Market Cap : 2,050.666 Billion USD

Min. Market Cap : 1.056 Billion USD

Avg. Market Cap : 152.962 Billion USD

Median Market Cap : 39.524 Billion USD

Top Constituents

	Name
1.	MICROSOFT CORP
2.	MODERNA INC
3.	AMAZON.COM INC
4.	APPLE INC
5.	FACEBOOK INC-A
6.	NEWMONT CORP
7.	ROKU INC
8.	ZOOM VIDEO COMMUNICATIONS-A
9.	GENERAL MILLS INC
10.	KROGER CO

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Consumer Discretionary

18.42%

Health Care

18.41%

Technology

13.54%

Consumer Staples

13.46%

Financials

8.78%

Industrials

7.86%

Basic Materials

5.97%

Telecommunications

5.42%

Utilities

3.27%

Real Estate

2.97%

Energy

1.89%

Breakdown by Country

USA

43.11%

Japan

12.36%

China

8.42%

India

4.94%

Great Britain

4.21%

Canada

3.16%

France

2.73%

Korea, Republic of

2.65%

Taiwan, Province of China

1.92%

Germany

1.89%

Switzerland

1.71%

Denmark

1.63%

Australia

1.39%

Hong Kong

1.24%

Spain

0.94%

Italy

0.86%

Finland

0.66%

South Africa

0.65%

Netherlands

0.61%

Norway

0.53%

Israel

0.49%

New Zealand

0.46%

Belgium

0.43%

Sweden

0.39%

Philippines

0.37%

Malaysia

0.35%

Thailand

0.33%

Brazil

0.31%

Indonesia

0.30%

Mexico

0.25%

Turkey

0.23%

Chile

0.19%

Ireland

0.12%

Poland

0.05%

Russian Federation

0.04%

Portugal

0.04%

Austria

0.03%

Singapore

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 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 2021-04-20

Ticker : MDCATC Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2015-09-18

Base Currency : CAD

Calculation Frequency : Daily

Level : 5928.09

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	3.23%	5.32%	12.80%	9.80%	34.90%	38.34%	59.52%	492.81%
Volatility	13.64%	15.42%	14.87%	14.70%	16.29%	19.11%	15.61%	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 2021-03-31

Number of Constituents : 100

Max. Market Cap : 171.488 Billion CAD

Min. Market Cap : 2.391 Billion CAD

Avg. Market Cap : 27.846 Billion CAD

Median Market Cap : 21.052 Billion CAD

Top Constituents

	Name
1.	FRANCO-NEVADA CORP
2.	EMPIRE CO LTD 'A'
3.	FAIRFAX FINANCIAL HLDGS LTD
4.	TOURMALINE OIL CORP
5.	CAMECO CORP
6.	ALAMOS GOLD INC
7.	SHOPIFY INC - CLASS A
8.	BLACKBERRY LTD
9.	BALLARD POWER SYSTEMS INC
10.	BANK OF MONTREAL

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Basic Materials

22.07%

Financials

16.12%

Technology

11.23%

Consumer Discretionary

10.64%

Energy

10.42%

Consumer Staples

9.61%

Industrials

7.73%

Telecommunications

6.22%

Utilities

3.19%

Real Estate

2.29%

Health Care

0.48%

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 2021-04-20

Ticker : MDCAPC Index

Calculating Agent : Solactive

Base Date : 2005-12-30

Launch Date : 2015-09-18

Base Currency : CAD

Calculation Frequency : Daily

Level : 3847.58

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	3.19%	4.91%	11.78%	9.23%	32.37%	29.07%	42.11%	284.76%
Volatility	13.63%	15.42%	14.87%	14.69%	16.37%	19.39%	15.82%	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 2021-03-31

Number of Constituents : 100

Max. Market Cap : 171.488 Billion CAD

Min. Market Cap : 2.391 Billion CAD

Avg. Market Cap : 27.846 Billion CAD

Median Market Cap : 21.052 Billion CAD

Top Constituents

	Name
1.	FRANCO-NEVADA CORP
2.	EMPIRE CO LTD 'A'
3.	FAIRFAX FINANCIAL HLDGS LTD
4.	TOURMALINE OIL CORP
5.	CAMECO CORP
6.	ALAMOS GOLD INC
7.	SHOPIFY INC - CLASS A
8.	BLACKBERRY LTD
9.	BALLARD POWER SYSTEMS INC
10.	BANK OF MONTREAL

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Basic Materials

22.07%

Financials

16.12%

Technology

11.23%

Consumer Discretionary

10.64%

Energy

10.42%

Consumer Staples

9.61%

Industrials

7.73%

Telecommunications

6.22%

Utilities

3.19%

Real Estate

2.29%

Health Care

0.48%

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 2021-04-20

Ticker : MDCACC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1414.74

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	3.23%	5.32%	12.80%	9.80%	34.89%	-	-	29.30%
Volatility	13.64%	15.42%	14.87%	14.70%	16.29%	-	-	19.78%

*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.

Chart

Constituents

As of 2021-03-31

Number of Constituents : 100

Max. Market Cap : 171.488 Billion CAD

Min. Market Cap : 2.391 Billion CAD

Avg. Market Cap : 27.846 Billion CAD

Median Market Cap : 21.052 Billion CAD

Top Constituents

	Name
1.	FRANCO-NEVADA CORP
2.	EMPIRE CO LTD 'A'
3.	FAIRFAX FINANCIAL HLDGS LTD
4.	TOURMALINE OIL CORP
5.	CAMECO CORP
6.	ALAMOS GOLD INC
7.	SHOPIFY INC - CLASS A
8.	BLACKBERRY LTD
9.	BALLARD POWER SYSTEMS INC
10.	BANK OF MONTREAL

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Basic Materials

22.07%

Financials

16.12%

Technology

11.23%

Consumer Discretionary

10.64%

Energy

10.42%

Consumer Staples

9.61%

Industrials

7.73%

Telecommunications

6.22%

Utilities

3.19%

Real Estate

2.29%

Health Care

0.48%

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 2021-04-20

Ticker : MDPXJDTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 9714.7

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	4.38%	4.93%	19.67%	7.82%	44.61%	22.41%	55.69%	871.47%
Volatility	9.76%	12.90%	13.07%	13.17%	16.24%	17.01%	14.73%	15.50%

*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 2021-03-31

Number of Constituents : 132

Max. Market Cap : 146.705 Billion USD

Min. Market Cap : 2.322 Billion USD

Avg. Market Cap : 21.252 Billion USD

Median Market Cap : 16.478 Billion USD

Top Constituents

	Name
1.	JARDINE MATHESON HLDGS LTD
2.	YANGZIJIANG SHIPBUILDING
3.	XINYI GLASS HOLDINGS LTD
4.	DOMINO'S PIZZA ENTERPRISES L
5.	FISHER & PAYKEL HEALTHCARE C
6.	WISETECH GLOBAL LTD
7.	HONG KONG & CHINA GAS
8.	SITC INTERNATIONAL HOLDINGS
9.	CSL LTD
10.	TELSTRA CORP LTD

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Real Estate

15.53%

Industrials

14.81%

Consumer Discretionary

14.11%

Financials

10.24%

Consumer Staples

10.18%

Basic Materials

8.03%

Utilities

7.96%

Telecommunications

6.79%

Health Care

5.71%

Technology

5.21%

Energy

1.44%

Breakdown by Country

Hong Kong

39.13%

Australia

38.51%

Singapore

14.10%

New Zealand

8.27%

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 2021-04-20

Ticker : MDPXJDPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 5520.21

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	4.37%	3.99%	18.24%	6.85%	40.20%	10.74%	32.70%	452.02%
Volatility	9.76%	12.87%	13.06%	13.14%	16.23%	17.04%	14.75%	15.51%

*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 2021-03-31

Number of Constituents : 132

Max. Market Cap : 146.705 Billion USD

Min. Market Cap : 2.322 Billion USD

Avg. Market Cap : 21.252 Billion USD

Median Market Cap : 16.478 Billion USD

Top Constituents

	Name
1.	JARDINE MATHESON HLDGS LTD
2.	YANGZIJIANG SHIPBUILDING
3.	XINYI GLASS HOLDINGS LTD
4.	DOMINO'S PIZZA ENTERPRISES L
5.	FISHER & PAYKEL HEALTHCARE C
6.	WISETECH GLOBAL LTD
7.	HONG KONG & CHINA GAS
8.	SITC INTERNATIONAL HOLDINGS
9.	CSL LTD
10.	TELSTRA CORP LTD

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Real Estate

15.53%

Industrials

14.81%

Consumer Discretionary

14.11%

Financials

10.24%

Consumer Staples

10.18%

Basic Materials

8.03%

Utilities

7.96%

Telecommunications

6.79%

Health Care

5.71%

Technology

5.21%

Energy

1.44%

Breakdown by Country

Hong Kong

39.13%

Australia

38.51%

Singapore

14.10%

New Zealand

8.27%

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 2021-04-20

Ticker : MDEUDTE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 5572.82

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	2.58%	4.69%	11.78%	6.51%	27.94%	22.81%	41.42%	457.28%
Volatility	9.71%	11.05%	11.37%	10.40%	14.08%	16.05%	14.54%	14.13%

*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 2021-03-31

Number of Constituents : 374

Max. Market Cap : 274.365 Billion EUR

Min. Market Cap : 2.443 Billion EUR

Avg. Market Cap : 34.489 Billion EUR

Median Market Cap : 20.52 Billion EUR

Top Constituents

	Name
1.	AMBU A/S-B
2.	HELLOFRESH SE
3.	NESTLE SA-REG
4.	PANDORA A/S
5.	QIAGEN N.V.
6.	KESKO OYJ-B SHS
7.	CHR HANSEN HOLDING A/S
8.	MOWI ASA
9.	NOVARTIS AG-REG
10.	OCADO GROUP PLC

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Health Care

25.55%

Consumer Staples

21.55%

Consumer Discretionary

14.99%

Industrials

9.00%

Financials

7.62%

Technology

5.69%

Telecommunications

4.27%

Real Estate

4.10%

Basic Materials

2.94%

Utilities

2.34%

Energy

1.97%

Breakdown by Country

Great Britain

25.73%

France

13.11%

Denmark

12.55%

Germany

10.17%

Switzerland

9.82%

Sweden

5.08%

Finland

5.08%

Netherlands

4.52%

Spain

4.11%

Italy

2.56%

Norway

2.32%

Belgium

2.30%

Ireland

1.55%

Portugal

0.72%

Austria

0.36%

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 2021-04-20

Ticker : MDEUDPE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 3457.29

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	2.32%	4.01%	10.80%	5.80%	25.34%	13.51%	24.26%	245.73%
Volatility	9.63%	11.04%	11.37%	10.39%	14.10%	16.06%	14.54%	14.12%

*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 2021-03-31

Number of Constituents : 374

Max. Market Cap : 274.365 Billion EUR

Min. Market Cap : 2.443 Billion EUR

Avg. Market Cap : 34.489 Billion EUR

Median Market Cap : 20.52 Billion EUR

Top Constituents

	Name
1.	AMBU A/S-B
2.	HELLOFRESH SE
3.	NESTLE SA-REG
4.	PANDORA A/S
5.	QIAGEN N.V.
6.	KESKO OYJ-B SHS
7.	CHR HANSEN HOLDING A/S
8.	MOWI ASA
9.	NOVARTIS AG-REG
10.	OCADO GROUP PLC

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Health Care

25.55%

Consumer Staples

21.55%

Consumer Discretionary

14.99%

Industrials

9.00%

Financials

7.62%

Technology

5.69%

Telecommunications

4.27%

Real Estate

4.10%

Basic Materials

2.94%

Utilities

2.34%

Energy

1.97%

Breakdown by Country

Great Britain

25.73%

France

13.11%

Denmark

12.55%

Germany

10.17%

Switzerland

9.82%

Sweden

5.08%

Finland

5.08%

Netherlands

4.52%

Spain

4.11%

Italy

2.56%

Norway

2.32%

Belgium

2.30%

Ireland

1.55%

Portugal

0.72%

Austria

0.36%

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 2021-04-20

Ticker : MDEUDCC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1922.28

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	5.04%	3.54%	8.76%	3.31%	26.28%	-	-	16.80%
Volatility	9.18%	10.80%	10.97%	10.16%	12.91%	-	-	15.33%

*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 2021-03-31

Number of Constituents : 374

Max. Market Cap : 405.286 Billion CAD

Min. Market Cap : 3.609 Billion CAD

Avg. Market Cap : 50.947 Billion CAD

Median Market Cap : 30.312 Billion CAD

Top Constituents

	Name
1.	AMBU A/S-B
2.	HELLOFRESH SE
3.	NESTLE SA-REG
4.	PANDORA A/S
5.	QIAGEN N.V.
6.	KESKO OYJ-B SHS
7.	CHR HANSEN HOLDING A/S
8.	MOWI ASA
9.	NOVARTIS AG-REG
10.	OCADO GROUP PLC

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Health Care

25.55%

Consumer Staples

21.55%

Consumer Discretionary

14.99%

Industrials

9.00%

Financials

7.62%

Technology

5.69%

Telecommunications

4.27%

Real Estate

4.10%

Basic Materials

2.94%

Utilities

2.34%

Energy

1.97%

Breakdown by Country

Great Britain

25.73%

France

13.11%

Denmark

12.55%

Germany

10.17%

Switzerland

9.82%

Sweden

5.08%

Finland

5.08%

Netherlands

4.52%

Spain

4.11%

Italy

2.56%

Norway

2.32%

Belgium

2.30%

Ireland

1.55%

Portugal

0.72%

Austria

0.36%

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 2021-04-20

Ticker : MDEMUDPE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 3217.7

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	2.14%	2.22%	8.87%	4.67%	26.54%	10.32%	28.52%	221.77%
Volatility	8.41%	10.28%	11.37%	10.03%	15.08%	16.95%	15.27%	15.14%

*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 2021-03-31

Number of Constituents : 208

Max. Market Cap : 216.88 Billion EUR

Min. Market Cap : 2.443 Billion EUR

Avg. Market Cap : 28.536 Billion EUR

Median Market Cap : 21.972 Billion EUR

Top Constituents

	Name
1.	KESKO OYJ-B SHS
2.	CELLNEX TELECOM SA
3.	EUROFINS SCIENTIFIC
4.	SANOFI-AVENTIS
5.	SEB SA
6.	HELLOFRESH SE
7.	DELIVERY HERO AG
8.	KONINKLIJKE AHOLD DELHAIZE NV
9.	L'OREAL
10.	QIAGEN N.V.

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Health Care

20.28%

Consumer Staples

15.41%

Consumer Discretionary

14.74%

Industrials

11.83%

Telecommunications

7.30%

Financials

7.13%

Technology

6.83%

Real Estate

6.51%

Utilities

3.81%

Basic Materials

3.10%

Energy

3.06%

Breakdown by Country

France

26.71%

Germany

22.08%

Netherlands

13.01%

Spain

10.53%

Finland

9.67%

Belgium

6.61%

Italy

5.63%

Ireland

3.15%

Portugal

1.68%

Austria

0.92%

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 2021-04-20

Ticker : MDEMUDTE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 5093.77

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	2.40%	2.65%	9.63%	5.16%	29.30%	19.08%	45.92%	409.38%
Volatility	8.32%	10.29%	11.37%	10.04%	15.07%	16.94%	15.27%	15.15%

*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 2021-03-31

Number of Constituents : 208

Max. Market Cap : 216.88 Billion EUR

Min. Market Cap : 2.443 Billion EUR

Avg. Market Cap : 28.536 Billion EUR

Median Market Cap : 21.972 Billion EUR

Top Constituents

	Name
1.	KESKO OYJ-B SHS
2.	CELLNEX TELECOM SA
3.	EUROFINS SCIENTIFIC
4.	SANOFI-AVENTIS
5.	SEB SA
6.	HELLOFRESH SE
7.	DELIVERY HERO AG
8.	KONINKLIJKE AHOLD DELHAIZE NV
9.	L'OREAL
10.	QIAGEN N.V.

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Health Care

20.28%

Consumer Staples

15.41%

Consumer Discretionary

14.74%

Industrials

11.83%

Telecommunications

7.30%

Financials

7.13%

Technology

6.83%

Real Estate

6.51%

Utilities

3.81%

Basic Materials

3.10%

Energy

3.06%

Breakdown by Country

France

26.71%

Germany

22.08%

Netherlands

13.01%

Spain

10.53%

Finland

9.67%

Belgium

6.61%

Italy

5.63%

Ireland

3.15%

Portugal

1.68%

Austria

0.92%

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 2021-04-20

Ticker : MDEMTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2015-12-18

Base Currency : USD

Calculation Frequency : Daily

Level : 1750.86

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	3.14%	-2.11%	18.92%	3.22%	55.46%	19.16%	63.90%	941.93%
Volatility	12.02%	17.74%	15.73%	17.23%	15.62%	17.37%	14.88%	15.92%

*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 2021-03-31

Number of Constituents : 733

Max. Market Cap : 752.807 Billion USD

Min. Market Cap : 1.009 Billion USD

Avg. Market Cap : 34.877 Billion USD

Median Market Cap : 15.976 Billion USD

Top Constituents

	Name
1.	LI NING CO LTD
2.	TAIWAN SEMICONDUCTOR MANUFAC
3.	NIO INC - ADR
4.	CELLTRION HEALTHCARE CO LTD
5.	ANGLOGOLD ASHANTI LTD
6.	SUN PHARMACEUTICAL INDUSTRIES LTD
7.	PINDUODUO INC-ADR
8.	RELIANCE INDUSTRIES LTD
9.	GOLD FIELDS LTD
10.	SUZANO SA

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Consumer Discretionary

17.32%

Technology

16.04%

Health Care

15.14%

Financials

13.43%

Consumer Staples

8.81%

Industrials

7.87%

Basic Materials

6.46%

Telecommunications

6.35%

Energy

3.38%

Utilities

3.01%

Real Estate

2.19%

Breakdown by Country

China

30.19%

India

20.78%

Taiwan, Province of China

14.51%

Korea, Republic of

10.17%

Thailand

4.65%

Brazil

3.70%

South Africa

3.63%

Malaysia

2.60%

Mexico

2.25%

Turkey

2.04%

Philippines

1.41%

Indonesia

1.36%

Poland

1.08%

Russian Federation

0.89%

Chile

0.53%

Hungary

0.14%

Greece

0.08%

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 2021-04-20

Ticker : MDEMPU Index

Calculating Agent : Solactive

Base Date : 2015-12-18

Launch Date : 2015-12-18

Base Currency : USD

Calculation Frequency : Daily

Level : 1570.3

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	3.07%	-2.48%	18.27%	2.80%	52.63%	12.21%	47.67%	57.03%
Volatility	12.02%	17.75%	15.73%	17.24%	15.60%	17.37%	14.86%	14.96%

*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 2021-03-31

Number of Constituents : 733

Max. Market Cap : 752.807 Billion USD

Min. Market Cap : 1.009 Billion USD

Avg. Market Cap : 34.877 Billion USD

Median Market Cap : 15.976 Billion USD

Top Constituents

	Name
1.	LI NING CO LTD
2.	TAIWAN SEMICONDUCTOR MANUFAC
3.	NIO INC - ADR
4.	CELLTRION HEALTHCARE CO LTD
5.	ANGLOGOLD ASHANTI LTD
6.	SUN PHARMACEUTICAL INDUSTRIES LTD
7.	PINDUODUO INC-ADR
8.	RELIANCE INDUSTRIES LTD
9.	GOLD FIELDS LTD
10.	SUZANO SA

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Consumer Discretionary

17.32%

Technology

16.04%

Health Care

15.14%

Financials

13.43%

Consumer Staples

8.81%

Industrials

7.87%

Basic Materials

6.46%

Telecommunications

6.35%

Energy

3.38%

Utilities

3.01%

Real Estate

2.19%

Breakdown by Country

China

30.19%

India

20.78%

Taiwan, Province of China

14.51%

Korea, Republic of

10.17%

Thailand

4.65%

Brazil

3.70%

South Africa

3.63%

Malaysia

2.60%

Mexico

2.25%

Turkey

2.04%

Philippines

1.41%

Indonesia

1.36%

Poland

1.08%

Russian Federation

0.89%

Chile

0.53%

Hungary

0.14%

Greece

0.08%

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 2021-04-20

Ticker : MDEMCC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1850.95

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	3.05%	-2.70%	13.71%	1.74%	38.74%	-	-	20.71%
Volatility	12.58%	17.20%	14.58%	16.44%	13.87%	-	-	15.96%

*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 2021-03-31

Number of Constituents : 733

Max. Market Cap : 946.165 Billion CAD

Min. Market Cap : 1.268 Billion CAD

Avg. Market Cap : 43.836 Billion CAD

Median Market Cap : 20.079 Billion CAD

Top Constituents

	Name
1.	LI NING CO LTD
2.	TAIWAN SEMICONDUCTOR MANUFAC
3.	NIO INC - ADR
4.	CELLTRION HEALTHCARE CO LTD
5.	ANGLOGOLD ASHANTI LTD
6.	SUN PHARMACEUTICAL INDUSTRIES LTD
7.	PINDUODUO INC-ADR
8.	RELIANCE INDUSTRIES LTD
9.	GOLD FIELDS LTD
10.	SUZANO SA

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Consumer Discretionary

17.32%

Technology

16.04%

Health Care

15.14%

Financials

13.43%

Consumer Staples

8.81%

Industrials

7.87%

Basic Materials

6.46%

Telecommunications

6.35%

Energy

3.38%

Utilities

3.01%

Real Estate

2.19%

Breakdown by Country

China

30.19%

India

20.78%

Taiwan, Province of China

14.51%

Korea, Republic of

10.17%

Thailand

4.65%

Brazil

3.70%

South Africa

3.63%

Malaysia

2.60%

Mexico

2.25%

Turkey

2.04%

Philippines

1.41%

Indonesia

1.36%

Poland

1.08%

Russian Federation

0.89%

Chile

0.53%

Hungary

0.14%

Greece

0.08%

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 2021-04-20

Ticker : MDJNPJ Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : JPY

Calculation Frequency : Daily

Level : 3332.99

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%	2.77%	12.18%	4.16%	31.63%	6.13%	46.70%	233.30%
Volatility	10.68%	14.65%	13.68%	13.74%	14.07%	16.54%	15.75%	17.24%

*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 2021-03-31

Number of Constituents : 244

Max. Market Cap : 19,497.968 Billion JPY

Min. Market Cap : 243.303 Billion JPY

Avg. Market Cap : 2,590.00 Billion JPY

Median Market Cap : 1,559.189 Billion JPY

Top Constituents

	Name
1.	CYBERAGENT INC
2.	CAPCOM CO LTD
3.	SUSHIRO GLOBAL HOLDINGS LTD
4.	TOHO GAS CO LTD
5.	NEXON CO LTD
6.	WELCIA HOLDINGS CO LTD
7.	SQUARE ENIX CO LTD
8.	NINTENDO CO LTD
9.	LION CORP
10.	SONY CORP

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Consumer Discretionary

29.56%

Consumer Staples

13.98%

Technology

13.45%

Health Care

11.25%

Industrials

8.04%

Real Estate

7.11%

Telecommunications

5.43%

Financials

4.33%

Utilities

2.96%

Basic Materials

2.91%

Energy

0.98%

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 2021-04-20

Ticker : MDJNTJ Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : JPY

Calculation Frequency : Daily

Level : 4518.43

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%	3.45%	13.06%	4.84%	33.53%	11.85%	59.35%	351.84%
Volatility	10.68%	14.59%	13.67%	13.69%	14.06%	16.53%	15.74%	17.24%

*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 2021-03-31

Number of Constituents : 244

Max. Market Cap : 19,497.968 Billion JPY

Min. Market Cap : 243.303 Billion JPY

Avg. Market Cap : 2,590.00 Billion JPY

Median Market Cap : 1,559.189 Billion JPY

Top Constituents

	Name
1.	CYBERAGENT INC
2.	CAPCOM CO LTD
3.	SUSHIRO GLOBAL HOLDINGS LTD
4.	TOHO GAS CO LTD
5.	NEXON CO LTD
6.	WELCIA HOLDINGS CO LTD
7.	SQUARE ENIX CO LTD
8.	NINTENDO CO LTD
9.	LION CORP
10.	SONY CORP

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Consumer Discretionary

29.56%

Consumer Staples

13.98%

Technology

13.45%

Health Care

11.25%

Industrials

8.04%

Real Estate

7.11%

Telecommunications

5.43%

Financials

4.33%

Utilities

2.96%

Basic Materials

2.91%

Energy

0.98%

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 2021-04-20

Ticker : MDNATU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2013-05-13

Base Currency : USD

Calculation Frequency : Daily

Level : 8059.77

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	3.53%	2.16%	15.00%	6.24%	41.26%	53.57%	90.25%	842.30%
Volatility	10.87%	16.35%	15.35%	15.58%	16.95%	20.10%	16.80%	15.85%

*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 2021-03-31

Number of Constituents : 501

Max. Market Cap : 2,050.666 Billion USD

Min. Market Cap : 7.419 Billion USD

Avg. Market Cap : 114.29 Billion USD

Median Market Cap : 53.676 Billion USD

Top Constituents

	Name
1.	NEWMONT CORP
2.	PELOTON INTERACTIVE INC-A
3.	BIOGEN IDEC INC
4.	MODERNA INC
5.	FACEBOOK INC-A
6.	ZOOM VIDEO COMMUNICATIONS-A
7.	KROGER CO
8.	ROKU INC
9.	SNAP INC - A
10.	AMAZON.COM INC

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Health Care

20.58%

Consumer Discretionary

18.65%

Technology

14.13%

Consumer Staples

13.33%

Financials

7.09%

Basic Materials

6.04%

Industrials

4.83%

Real Estate

4.76%

Telecommunications

4.43%

Utilities

3.40%

Energy

2.77%

Breakdown by Country

USA

91.41%

Canada

8.59%

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 2021-04-20

Ticker : MDNAPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2013-05-13

Base Currency : USD

Calculation Frequency : Daily

Level : 5645.54

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	3.46%	1.80%	14.15%	5.79%	39.06%	45.15%	73.54%	563.15%
Volatility	10.87%	16.35%	15.34%	15.57%	16.94%	20.09%	16.79%	15.85%

*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 2021-03-31

Number of Constituents : 501

Max. Market Cap : 2,050.666 Billion USD

Min. Market Cap : 7.419 Billion USD

Avg. Market Cap : 114.29 Billion USD

Median Market Cap : 53.676 Billion USD

Top Constituents

	Name
1.	NEWMONT CORP
2.	PELOTON INTERACTIVE INC-A
3.	BIOGEN IDEC INC
4.	MODERNA INC
5.	FACEBOOK INC-A
6.	ZOOM VIDEO COMMUNICATIONS-A
7.	KROGER CO
8.	ROKU INC
9.	SNAP INC - A
10.	AMAZON.COM INC

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Health Care

20.58%

Consumer Discretionary

18.65%

Technology

14.13%

Consumer Staples

13.33%

Financials

7.09%

Basic Materials

6.04%

Industrials

4.83%

Real Estate

4.76%

Telecommunications

4.43%

Utilities

3.40%

Energy

2.77%

Breakdown by Country

USA

91.41%

Canada

8.59%

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 2021-04-20

Ticker : MDUKPG Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : GBP

Calculation Frequency : Daily

Level : 3088.49

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%	2.71%	10.66%	4.87%	22.32%	-3.71%	2.57%	208.85%
Volatility	10.42%	10.98%	12.61%	11.70%	15.97%	17.25%	15.21%	15.64%

*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 2021-03-31

Number of Constituents : 92

Max. Market Cap : 106.642 Billion GBP

Min. Market Cap : 2.143 Billion GBP

Avg. Market Cap : 21.994 Billion GBP

Median Market Cap : 14.892 Billion GBP

Top Constituents

	Name
1.	IG GROUP HOLDINGS PLC
2.	ASTRAZENECA PLC
3.	SAINSBURY (J) PLC
4.	UNILEVER PLC
5.	HIKMA PHARMACEUTICALS PLC
6.	RECKITT BENCKISER GROUP PLC
7.	DECHRA PHARMACEUTICALS PLC
8.	GAMES WORKSHOP GROUP PLC
9.	PEARSON PLC
10.	GLAXOSMITHKLINE PLC

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Consumer Discretionary

24.73%

Consumer Staples

19.88%

Health Care

15.94%

Financials

14.18%

Industrials

6.48%

Technology

5.41%

Utilities

4.79%

Basic Materials

4.43%

Telecommunications

2.60%

Real Estate

1.30%

Energy

0.26%

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 2021-04-20

Ticker : MDUKTG Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : GBP

Calculation Frequency : Daily

Level : 5640.96

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%	3.23%	11.62%	5.42%	24.98%	5.25%	19.42%	464.10%
Volatility	10.52%	10.95%	12.60%	11.67%	15.90%	17.21%	15.19%	15.63%

*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 2021-03-31

Number of Constituents : 92

Max. Market Cap : 106.642 Billion GBP

Min. Market Cap : 2.143 Billion GBP

Avg. Market Cap : 21.994 Billion GBP

Median Market Cap : 14.892 Billion GBP

Top Constituents

	Name
1.	IG GROUP HOLDINGS PLC
2.	ASTRAZENECA PLC
3.	SAINSBURY (J) PLC
4.	UNILEVER PLC
5.	HIKMA PHARMACEUTICALS PLC
6.	RECKITT BENCKISER GROUP PLC
7.	DECHRA PHARMACEUTICALS PLC
8.	GAMES WORKSHOP GROUP PLC
9.	PEARSON PLC
10.	GLAXOSMITHKLINE PLC

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Consumer Discretionary

24.73%

Consumer Staples

19.88%

Health Care

15.94%

Financials

14.18%

Industrials

6.48%

Technology

5.41%

Utilities

4.79%

Basic Materials

4.43%

Telecommunications

2.60%

Real Estate

1.30%

Energy

0.26%

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 2021-04-20

Ticker : MDUSATU Index

Calculating Agent : Solactive

Base Date : 2000-06-05

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 10235.47

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	3.13%	1.56%	16.37%	5.90%	43.09%	56.16%	99.06%	773.16%
Volatility	10.69%	17.25%	15.93%	16.54%	17.58%	21.01%	17.58%	16.75%

*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 2021-03-31

Number of Constituents : 466

Max. Market Cap : 2,050.666 Billion USD

Min. Market Cap : 7.419 Billion USD

Avg. Market Cap : 120.244 Billion USD

Median Market Cap : 55.697 Billion USD

Top Constituents

	Name
1.	PELOTON INTERACTIVE INC-A
2.	NEWMONT CORP
3.	BIOGEN IDEC INC
4.	KROGER CO
5.	MODERNA INC
6.	FACEBOOK INC-A
7.	ZOOM VIDEO COMMUNICATIONS-A
8.	TELADOC INC
9.	CLOROX COMPANY
10.	ROKU INC

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Health Care

22.03%

Consumer Discretionary

19.92%

Technology

14.92%

Consumer Staples

14.14%

Financials

5.81%

Real Estate

5.01%

Industrials

4.81%

Telecommunications

4.30%

Utilities

3.38%

Energy

3.35%

Basic Materials

2.34%

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 2021-04-20

Ticker : MDUSAPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 7533.8

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	3.06%	1.21%	15.56%	5.47%	40.89%	47.57%	81.21%	653.38%
Volatility	10.68%	17.25%	15.93%	16.53%	17.57%	21.00%	17.58%	16.73%

*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 2021-03-31

Number of Constituents : 466

Max. Market Cap : 2,050.666 Billion USD

Min. Market Cap : 7.419 Billion USD

Avg. Market Cap : 120.244 Billion USD

Median Market Cap : 55.697 Billion USD

Top Constituents

	Name
1.	PELOTON INTERACTIVE INC-A
2.	NEWMONT CORP
3.	BIOGEN IDEC INC
4.	KROGER CO
5.	MODERNA INC
6.	FACEBOOK INC-A
7.	ZOOM VIDEO COMMUNICATIONS-A
8.	TELADOC INC
9.	CLOROX COMPANY
10.	ROKU INC

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Health Care

22.03%

Consumer Discretionary

19.92%

Technology

14.92%

Consumer Staples

14.14%

Financials

5.81%

Real Estate

5.01%

Industrials

4.81%

Telecommunications

4.30%

Utilities

3.38%

Energy

3.35%

Basic Materials

2.34%

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 2021-04-20

Ticker : MDUSACC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 2216.2

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	3.04%	0.94%	11.16%	4.33%	27.56%	-	-	36.59%
Volatility	10.08%	18.25%	16.08%	17.29%	16.85%	-	-	21.27%

*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 2021-03-31

Number of Constituents : 466

Max. Market Cap : 2,577.379 Billion CAD

Min. Market Cap : 9.325 Billion CAD

Avg. Market Cap : 151.128 Billion CAD

Median Market Cap : 70.003 Billion CAD

Top Constituents

	Name
1.	PELOTON INTERACTIVE INC-A
2.	NEWMONT CORP
3.	BIOGEN IDEC INC
4.	KROGER CO
5.	MODERNA INC
6.	FACEBOOK INC-A
7.	ZOOM VIDEO COMMUNICATIONS-A
8.	TELADOC INC
9.	CLOROX COMPANY
10.	ROKU INC

Allocations

As of 2021-03-31

Breakdown by Economic Sector

Health Care

22.03%

Consumer Discretionary

19.92%

Technology

14.92%

Consumer Staples

14.14%

Financials

5.81%

Real Estate

5.01%

Industrials

4.81%

Telecommunications

4.30%

Utilities

3.38%

Energy

3.35%

Basic Materials

2.34%

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