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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 2021-01-15

Ticker : MDWXNATU Index

Calculating Agent : Solactive

Base Date : 2001-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 7006.09

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	0.58%	10.87%	15.70%	0.58%	13.43%	13.92%	59.40%	586.94%
Volatility	9.98%	11.34%	11.77%	9.98%	19.47%	13.81%	12.70%	12.99%

*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 2020-12-31

Number of Constituents : 698

Max. Market Cap : 339.808 Billion USD

Min. Market Cap : 1.999 Billion USD

Avg. Market Cap : 41.583 Billion USD

Median Market Cap : 19.534 Billion USD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Health Care

19.74%

Consumer Goods

19.15%

Consumer Services

18.82%

Financials

10.72%

Industrials

9.37%

Technology

6.67%

Basic Materials

5.92%

Telecommunications

4.50%

Utilities

2.84%

Oil & Gas

2.28%

Breakdown by Country

Japan

30.90%

Great Britain

12.53%

Australia

7.87%

France

6.96%

Hong Kong

6.86%

Denmark

6.49%

Switzerland

5.02%

Germany

4.43%

Finland

3.05%

Italy

2.33%

Netherlands

2.03%

Belgium

1.96%

Sweden

1.66%

Israel

1.61%

Spain

1.52%

Ireland

1.46%

Norway

0.99%

New Zealand

0.99%

Singapore

0.94%

Austria

0.24%

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 2021-01-15

Ticker : MDWXNAPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 4497.17

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	0.58%	10.65%	14.89%	0.58%	10.98%	5.64%	41.35%	349.72%
Volatility	9.97%	11.33%	11.77%	9.97%	19.48%	13.81%	12.70%	13.10%

*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 2020-12-31

Number of Constituents : 698

Max. Market Cap : 339.808 Billion USD

Min. Market Cap : 1.999 Billion USD

Avg. Market Cap : 41.583 Billion USD

Median Market Cap : 19.534 Billion USD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Health Care

19.74%

Consumer Goods

19.15%

Consumer Services

18.82%

Financials

10.72%

Industrials

9.37%

Technology

6.67%

Basic Materials

5.92%

Telecommunications

4.50%

Utilities

2.84%

Oil & Gas

2.28%

Breakdown by Country

Japan

30.90%

Great Britain

12.53%

Australia

7.87%

France

6.96%

Hong Kong

6.86%

Denmark

6.49%

Switzerland

5.02%

Germany

4.43%

Finland

3.05%

Italy

2.33%

Netherlands

2.03%

Belgium

1.96%

Sweden

1.66%

Israel

1.61%

Spain

1.52%

Ireland

1.46%

Norway

0.99%

New Zealand

0.99%

Singapore

0.94%

Austria

0.24%

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 2021-01-15

Ticker : MDWXNACC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1752.77

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	0.73%	6.75%	8.99%	0.73%	10.69%	-	-	15.58%
Volatility	5.78%	8.82%	9.30%	5.78%	16.32%	-	-	12.09%

*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 2020-12-31

Number of Constituents : 698

Max. Market Cap : 432.915 Billion CAD

Min. Market Cap : 2.546 Billion CAD

Avg. Market Cap : 52.977 Billion CAD

Median Market Cap : 24.886 Billion CAD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Health Care

19.74%

Consumer Goods

19.15%

Consumer Services

18.82%

Financials

10.72%

Industrials

9.37%

Technology

6.67%

Basic Materials

5.92%

Telecommunications

4.50%

Utilities

2.84%

Oil & Gas

2.28%

Breakdown by Country

Japan

30.90%

Great Britain

12.53%

Australia

7.87%

France

6.96%

Hong Kong

6.86%

Denmark

6.49%

Switzerland

5.02%

Germany

4.43%

Finland

3.05%

Italy

2.33%

Netherlands

2.03%

Belgium

1.96%

Sweden

1.66%

Israel

1.61%

Spain

1.52%

Ireland

1.46%

Norway

0.99%

New Zealand

0.99%

Singapore

0.94%

Austria

0.24%

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 2021-01-15

Ticker : MDAWDTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 7402.23

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	1.41%	9.17%	15.99%	1.41%	17.09%	30.05%	86.48%	640.22%
Volatility	8.56%	11.75%	12.16%	8.56%	23.71%	15.96%	13.50%	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 2020-12-31

Number of Constituents : 907

Max. Market Cap : 2,255.969 Billion USD

Min. Market Cap : 2.186 Billion USD

Avg. Market Cap : 124.296 Billion USD

Median Market Cap : 40.51 Billion USD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Services

21.14%

Health Care

18.87%

Consumer Goods

14.70%

Technology

12.26%

Financials

10.53%

Industrials

6.79%

Basic Materials

6.60%

Utilities

3.35%

Telecommunications

3.14%

Oil & Gas

2.62%

Breakdown by Country

USA

52.57%

Japan

13.35%

Great Britain

5.48%

Canada

5.08%

France

4.25%

Denmark

3.33%

Germany

2.39%

Switzerland

1.94%

Hong Kong

1.67%

Australia

1.66%

Finland

1.23%

Italy

1.14%

Spain

1.11%

Netherlands

0.95%

Sweden

0.94%

Belgium

0.72%

Israel

0.71%

Norway

0.66%

New Zealand

0.44%

Austria

0.19%

Ireland

0.09%

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 2021-01-15

Ticker : MDAWDPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 5169.42

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	1.37%	8.87%	15.23%	1.37%	14.91%	22.10%	68.61%	416.94%
Volatility	8.51%	11.74%	12.15%	8.51%	23.71%	15.96%	13.50%	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 2020-12-31

Number of Constituents : 907

Max. Market Cap : 2,255.969 Billion USD

Min. Market Cap : 2.186 Billion USD

Avg. Market Cap : 124.296 Billion USD

Median Market Cap : 40.51 Billion USD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Services

21.14%

Health Care

18.87%

Consumer Goods

14.70%

Technology

12.26%

Financials

10.53%

Industrials

6.79%

Basic Materials

6.60%

Utilities

3.35%

Telecommunications

3.14%

Oil & Gas

2.62%

Breakdown by Country

USA

52.57%

Japan

13.35%

Great Britain

5.48%

Canada

5.08%

France

4.25%

Denmark

3.33%

Germany

2.39%

Switzerland

1.94%

Hong Kong

1.67%

Australia

1.66%

Finland

1.23%

Italy

1.14%

Spain

1.11%

Netherlands

0.95%

Sweden

0.94%

Belgium

0.72%

Israel

0.71%

Norway

0.66%

New Zealand

0.44%

Austria

0.19%

Ireland

0.09%

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 2021-01-15

Ticker : MDAWDCC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1971.84

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	1.56%	5.11%	9.24%	1.56%	14.24%	-	-	23.74%
Volatility	6.38%	9.97%	10.29%	6.38%	21.78%	-	-	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 2020-12-31

Number of Constituents : 907

Max. Market Cap : 2,874.105 Billion CAD

Min. Market Cap : 2.785 Billion CAD

Avg. Market Cap : 158.353 Billion CAD

Median Market Cap : 51.61 Billion CAD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Services

21.14%

Health Care

18.87%

Consumer Goods

14.70%

Technology

12.26%

Financials

10.53%

Industrials

6.79%

Basic Materials

6.60%

Utilities

3.35%

Telecommunications

3.14%

Oil & Gas

2.62%

Breakdown by Country

USA

52.57%

Japan

13.35%

Great Britain

5.48%

Canada

5.08%

France

4.25%

Denmark

3.33%

Germany

2.39%

Switzerland

1.94%

Hong Kong

1.67%

Australia

1.66%

Finland

1.23%

Italy

1.14%

Spain

1.11%

Netherlands

0.95%

Sweden

0.94%

Belgium

0.72%

Israel

0.71%

Norway

0.66%

New Zealand

0.44%

Austria

0.19%

Ireland

0.09%

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 2021-01-15

Ticker : MDAWTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2017-03-17

Base Currency : USD

Calculation Frequency : Daily

Level : 1553.19

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	1.77%	10.98%	16.70%	1.77%	16.26%	26.72%	87.44%	572.20%
Volatility	8.42%	10.97%	11.40%	8.42%	22.75%	15.35%	13.12%	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 2020-12-31

Number of Constituents : 1115

Max. Market Cap : 2,255.969 Billion USD

Min. Market Cap : 990.907 Million USD

Avg. Market Cap : 154.489 Billion USD

Median Market Cap : 38.965 Billion USD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Services

20.08%

Health Care

18.49%

Consumer Goods

15.00%

Technology

13.29%

Financials

10.88%

Industrials

7.06%

Basic Materials

6.61%

Telecommunications

3.60%

Utilities

3.38%

Oil & Gas

1.61%

Breakdown by Country

USA

41.89%

Japan

12.56%

China

8.96%

India

5.18%

Great Britain

3.97%

Canada

3.51%

Korea, Republic of

2.89%

France

2.61%

Denmark

1.84%

Germany

1.81%

Switzerland

1.76%

Australia

1.55%

Taiwan, Province of China

1.54%

Hong Kong

1.12%

Italy

0.97%

Spain

0.81%

South Africa

0.71%

Finland

0.69%

Belgium

0.56%

Netherlands

0.55%

Norway

0.50%

Philippines

0.45%

Sweden

0.43%

Israel

0.41%

New Zealand

0.39%

Thailand

0.39%

Malaysia

0.36%

Brazil

0.36%

Indonesia

0.30%

Mexico

0.28%

Turkey

0.27%

Chile

0.18%

Ireland

0.08%

Portugal

0.03%

Russian Federation

0.03%

Austria

0.02%

Poland

0.01%

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 2021-01-15

Ticker : MDAWPU Index

Calculating Agent : Solactive

Base Date : 2017-03-17

Launch Date : 2017-03-17

Base Currency : USD

Calculation Frequency : Daily

Level : 1442.55

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	1.74%	10.70%	15.96%	1.74%	14.16%	19.44%	-	44.26%
Volatility	8.37%	10.96%	11.40%	8.37%	22.75%	15.35%	-	13.85%

*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 2020-12-31

Number of Constituents : 1115

Max. Market Cap : 2,255.969 Billion USD

Min. Market Cap : 990.907 Million USD

Avg. Market Cap : 154.489 Billion USD

Median Market Cap : 38.965 Billion USD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Services

20.08%

Health Care

18.49%

Consumer Goods

15.00%

Technology

13.29%

Financials

10.88%

Industrials

7.06%

Basic Materials

6.61%

Telecommunications

3.60%

Utilities

3.38%

Oil & Gas

1.61%

Breakdown by Country

USA

41.89%

Japan

12.56%

China

8.96%

India

5.18%

Great Britain

3.97%

Canada

3.51%

Korea, Republic of

2.89%

France

2.61%

Denmark

1.84%

Germany

1.81%

Switzerland

1.76%

Australia

1.55%

Taiwan, Province of China

1.54%

Hong Kong

1.12%

Italy

0.97%

Spain

0.81%

South Africa

0.71%

Finland

0.69%

Belgium

0.56%

Netherlands

0.55%

Norway

0.50%

Philippines

0.45%

Sweden

0.43%

Israel

0.41%

New Zealand

0.39%

Thailand

0.39%

Malaysia

0.36%

Brazil

0.36%

Indonesia

0.30%

Mexico

0.28%

Turkey

0.27%

Chile

0.18%

Ireland

0.08%

Portugal

0.03%

Russian Federation

0.03%

Austria

0.02%

Poland

0.01%

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 2021-01-15

Ticker : MDCATC Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2015-09-18

Base Currency : CAD

Calculation Frequency : Daily

Level : 5517.54

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	2.20%	3.27%	9.82%	2.20%	6.89%	25.13%	70.22%	451.75%
Volatility	11.80%	14.56%	15.55%	11.80%	30.39%	18.80%	15.51%	14.60%

*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 2020-12-31

Number of Constituents : 103

Max. Market Cap : 176.318 Billion CAD

Min. Market Cap : 2.22 Billion CAD

Avg. Market Cap : 25.17 Billion CAD

Median Market Cap : 17.954 Billion CAD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Basic Materials

26.26%

Financials

16.54%

Consumer Services

13.57%

Technology

10.87%

Industrials

8.69%

Oil & Gas

8.67%

Consumer Goods

7.93%

Telecommunications

4.92%

Utilities

2.18%

Health Care

0.35%

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 2021-01-15

Ticker : MDCAPC Index

Calculating Agent : Solactive

Base Date : 2005-12-30

Launch Date : 2015-09-18

Base Currency : CAD

Calculation Frequency : Daily

Level : 3598.31

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	2.16%	2.83%	8.88%	2.16%	4.57%	16.54%	51.30%	259.83%
Volatility	11.74%	14.56%	15.58%	11.74%	30.65%	19.09%	15.73%	14.62%

*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 2020-12-31

Number of Constituents : 103

Max. Market Cap : 176.318 Billion CAD

Min. Market Cap : 2.22 Billion CAD

Avg. Market Cap : 25.17 Billion CAD

Median Market Cap : 17.954 Billion CAD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Basic Materials

26.26%

Financials

16.54%

Consumer Services

13.57%

Technology

10.87%

Industrials

8.69%

Oil & Gas

8.67%

Consumer Goods

7.93%

Telecommunications

4.92%

Utilities

2.18%

Health Care

0.35%

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 2021-01-15

Ticker : MDCACC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1316.76

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	2.20%	3.27%	9.82%	2.20%	6.89%	-	-	20.35%
Volatility	11.80%	14.56%	15.55%	11.80%	30.39%	-	-	20.20%

*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 2020-12-31

Number of Constituents : 103

Max. Market Cap : 176.318 Billion CAD

Min. Market Cap : 2.22 Billion CAD

Avg. Market Cap : 25.17 Billion CAD

Median Market Cap : 17.954 Billion CAD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Basic Materials

26.26%

Financials

16.54%

Consumer Services

13.57%

Technology

10.87%

Industrials

8.69%

Oil & Gas

8.67%

Consumer Goods

7.93%

Telecommunications

4.92%

Utilities

2.18%

Health Care

0.35%

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 2021-01-15

Ticker : MDPXJDTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 9095.19

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%	12.26%	15.90%	0.94%	8.03%	12.48%	67.66%	809.52%
Volatility	15.29%	13.05%	13.61%	15.29%	24.71%	17.02%	14.86%	15.54%

*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 2020-12-31

Number of Constituents : 131

Max. Market Cap : 148.181 Billion USD

Min. Market Cap : 2.117 Billion USD

Avg. Market Cap : 20.006 Billion USD

Median Market Cap : 15.992 Billion USD

Top Constituents

	Name
1.	XINYI GLASS HOLDINGS LTD
2.	FORTESCUE METALS GROUP LTD
3.	MERIDIAN ENERGY LTD
4.	CONTACT ENERGY LTD
5.	DOMINO'S PIZZA ENTERPRISES L
6.	METCASH LTD
7.	HONG KONG EXCHANGES & CLEAR
8.	WOOLWORTHS LTD
9.	TREASURY WINE ESTATES LTD
10.	SPARK NEW ZEALAND LTD

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Financials

24.75%

Consumer Services

16.82%

Industrials

15.36%

Basic Materials

7.91%

Consumer Goods

7.72%

Utilities

7.48%

Technology

7.31%

Health Care

5.60%

Telecommunications

5.33%

Oil & Gas

1.72%

Breakdown by Country

Australia

40.29%

Hong Kong

36.93%

Singapore

13.92%

New Zealand

8.86%

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 2021-01-15

Ticker : MDPXJDPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 5214.86

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	0.94%	11.93%	14.50%	0.94%	4.69%	1.91%	43.18%	421.49%
Volatility	15.29%	13.06%	13.64%	15.29%	24.76%	17.05%	14.88%	15.55%

*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 2020-12-31

Number of Constituents : 131

Max. Market Cap : 148.181 Billion USD

Min. Market Cap : 2.117 Billion USD

Avg. Market Cap : 20.006 Billion USD

Median Market Cap : 15.992 Billion USD

Top Constituents

	Name
1.	XINYI GLASS HOLDINGS LTD
2.	FORTESCUE METALS GROUP LTD
3.	MERIDIAN ENERGY LTD
4.	CONTACT ENERGY LTD
5.	DOMINO'S PIZZA ENTERPRISES L
6.	METCASH LTD
7.	HONG KONG EXCHANGES & CLEAR
8.	WOOLWORTHS LTD
9.	TREASURY WINE ESTATES LTD
10.	SPARK NEW ZEALAND LTD

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Financials

24.75%

Consumer Services

16.82%

Industrials

15.36%

Basic Materials

7.91%

Consumer Goods

7.72%

Utilities

7.48%

Technology

7.31%

Health Care

5.60%

Telecommunications

5.33%

Oil & Gas

1.72%

Breakdown by Country

Australia

40.29%

Hong Kong

36.93%

Singapore

13.92%

New Zealand

8.86%

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 2021-01-15

Ticker : MDEUDTE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 5282.97

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%	6.02%	7.93%	0.97%	1.78%	14.17%	46.00%	428.30%
Volatility	7.69%	11.90%	12.80%	7.69%	23.18%	16.19%	15.20%	14.17%

*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 2020-12-31

Number of Constituents : 373

Max. Market Cap : 277.723 Billion EUR

Min. Market Cap : 2.202 Billion EUR

Avg. Market Cap : 33.88 Billion EUR

Median Market Cap : 19.18 Billion EUR

Top Constituents

	Name
1.	HELLOFRESH SE
2.	AMBU A/S-B
3.	PANDORA A/S
4.	NESTLE SA-REG
5.	JAMES HARDIE INDUSTRIES-CDI
6.	OCADO GROUP PLC
7.	MOWI ASA
8.	NESTE OIL OYJ
9.	UNILEVER PLC
10.	NOVARTIS AG-REG

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Health Care

27.41%

Consumer Goods

18.05%

Consumer Services

17.64%

Financials

10.58%

Industrials

9.68%

Technology

5.21%

Telecommunications

3.33%

Basic Materials

2.91%

Utilities

2.73%

Oil & Gas

2.46%

Breakdown by Country

Great Britain

25.43%

Denmark

12.71%

France

12.15%

Germany

10.20%

Switzerland

9.09%

Finland

5.30%

Netherlands

4.45%

Sweden

4.24%

Spain

3.58%

Belgium

3.45%

Italy

3.12%

Ireland

2.83%

Norway

2.33%

Portugal

0.74%

Austria

0.38%

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 2021-01-15

Ticker : MDEUDPE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 3299.21

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	0.96%	5.78%	7.33%	0.96%	-0.30%	5.21%	28.10%	229.92%
Volatility	7.69%	11.90%	12.81%	7.69%	23.20%	16.20%	15.21%	14.16%

*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 2020-12-31

Number of Constituents : 373

Max. Market Cap : 277.723 Billion EUR

Min. Market Cap : 2.202 Billion EUR

Avg. Market Cap : 33.88 Billion EUR

Median Market Cap : 19.18 Billion EUR

Top Constituents

	Name
1.	HELLOFRESH SE
2.	AMBU A/S-B
3.	PANDORA A/S
4.	NESTLE SA-REG
5.	JAMES HARDIE INDUSTRIES-CDI
6.	OCADO GROUP PLC
7.	MOWI ASA
8.	NESTE OIL OYJ
9.	UNILEVER PLC
10.	NOVARTIS AG-REG

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Health Care

27.41%

Consumer Goods

18.05%

Consumer Services

17.64%

Financials

10.58%

Industrials

9.68%

Technology

5.21%

Telecommunications

3.33%

Basic Materials

2.91%

Utilities

2.73%

Oil & Gas

2.46%

Breakdown by Country

Great Britain

25.43%

Denmark

12.71%

France

12.15%

Germany

10.20%

Switzerland

9.09%

Finland

5.30%

Netherlands

4.45%

Sweden

4.24%

Spain

3.58%

Belgium

3.45%

Italy

3.12%

Ireland

2.83%

Norway

2.33%

Portugal

0.74%

Austria

0.38%

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 2021-01-15

Ticker : MDEUDCC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1859.52

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	-0.06%	5.51%	7.69%	-0.06%	7.69%	-	-	12.99%
Volatility	6.70%	11.20%	11.89%	6.70%	21.33%	-	-	15.74%

*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 2020-12-31

Number of Constituents : 373

Max. Market Cap : 432.915 Billion CAD

Min. Market Cap : 3.432 Billion CAD

Avg. Market Cap : 52.812 Billion CAD

Median Market Cap : 29.898 Billion CAD

Top Constituents

	Name
1.	HELLOFRESH SE
2.	AMBU A/S-B
3.	PANDORA A/S
4.	NESTLE SA-REG
5.	JAMES HARDIE INDUSTRIES-CDI
6.	OCADO GROUP PLC
7.	MOWI ASA
8.	NESTE OIL OYJ
9.	UNILEVER PLC
10.	NOVARTIS AG-REG

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Health Care

27.41%

Consumer Goods

18.05%

Consumer Services

17.64%

Financials

10.58%

Industrials

9.68%

Technology

5.21%

Telecommunications

3.33%

Basic Materials

2.91%

Utilities

2.73%

Oil & Gas

2.46%

Breakdown by Country

Great Britain

25.43%

Denmark

12.71%

France

12.15%

Germany

10.20%

Switzerland

9.09%

Finland

5.30%

Netherlands

4.45%

Sweden

4.24%

Spain

3.58%

Belgium

3.45%

Italy

3.12%

Ireland

2.83%

Norway

2.33%

Portugal

0.74%

Austria

0.38%

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 2021-01-15

Ticker : MDEMUDPE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 3124.93

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	1.65%	5.89%	8.27%	1.65%	0.53%	4.65%	32.67%	212.49%
Volatility	10.04%	12.47%	13.47%	10.04%	24.92%	17.17%	15.98%	15.21%

*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 2020-12-31

Number of Constituents : 211

Max. Market Cap : 174.005 Billion EUR

Min. Market Cap : 2.202 Billion EUR

Avg. Market Cap : 25.715 Billion EUR

Median Market Cap : 20.129 Billion EUR

Top Constituents

	Name
1.	HELLOFRESH SE
2.	DELIVERY HERO AG
3.	ZALANDO SE
4.	ADYEN NV
5.	QIAGEN N.V.
6.	DEUTSCHE WOHNEN AG-BR
7.	KESKO OYJ-B SHS
8.	SEB SA
9.	ARGENX SE
10.	L'OREAL

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Health Care

19.78%

Consumer Goods

16.39%

Consumer Services

14.78%

Financials

13.13%

Industrials

11.54%

Technology

7.66%

Telecommunications

6.26%

Utilities

4.28%

Oil & Gas

3.87%

Basic Materials

2.31%

Breakdown by Country

France

24.86%

Germany

24.12%

Netherlands

12.20%

Spain

9.99%

Finland

9.60%

Belgium

8.03%

Italy

6.20%

Ireland

2.36%

Portugal

1.60%

Austria

1.05%

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 2021-01-15

Ticker : MDEMUDTE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 4924.92

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	1.67%	6.15%	8.83%	1.67%	2.65%	13.20%	50.71%	392.49%
Volatility	10.05%	12.47%	13.47%	10.05%	24.91%	17.16%	15.99%	15.21%

*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 2020-12-31

Number of Constituents : 211

Max. Market Cap : 174.005 Billion EUR

Min. Market Cap : 2.202 Billion EUR

Avg. Market Cap : 25.715 Billion EUR

Median Market Cap : 20.129 Billion EUR

Top Constituents

	Name
1.	HELLOFRESH SE
2.	DELIVERY HERO AG
3.	ZALANDO SE
4.	ADYEN NV
5.	QIAGEN N.V.
6.	DEUTSCHE WOHNEN AG-BR
7.	KESKO OYJ-B SHS
8.	SEB SA
9.	ARGENX SE
10.	L'OREAL

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Health Care

19.78%

Consumer Goods

16.39%

Consumer Services

14.78%

Financials

13.13%

Industrials

11.54%

Technology

7.66%

Telecommunications

6.26%

Utilities

4.28%

Oil & Gas

3.87%

Basic Materials

2.31%

Breakdown by Country

France

24.86%

Germany

24.12%

Netherlands

12.20%

Spain

9.99%

Finland

9.60%

Belgium

8.03%

Italy

6.20%

Ireland

2.36%

Portugal

1.60%

Austria

1.05%

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 2021-01-15

Ticker : MDEMTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2015-12-18

Base Currency : USD

Calculation Frequency : Daily

Level : 1746.7

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	2.97%	19.38%	26.10%	2.97%	21.35%	16.69%	88.75%	939.45%
Volatility	14.26%	12.84%	13.52%	14.26%	24.59%	16.96%	14.77%	15.90%

*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 2020-12-31

Number of Constituents : 698

Max. Market Cap : 697.679 Billion USD

Min. Market Cap : 645.511 Million USD

Avg. Market Cap : 34.404 Billion USD

Median Market Cap : 16.156 Billion USD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Goods

16.00%

Health Care

15.91%

Financials

14.46%

Technology

13.89%

Consumer Services

12.45%

Industrials

9.00%

Basic Materials

6.66%

Telecommunications

5.36%

Oil & Gas

3.18%

Utilities

3.09%

Breakdown by Country

China

29.62%

India

20.64%

Taiwan, Province of China

13.11%

Korea, Republic of

11.03%

Thailand

4.46%

South Africa

3.66%

Brazil

3.61%

Malaysia

3.29%

Mexico

2.51%

Turkey

2.39%

Philippines

1.70%

Indonesia

1.34%

Russian Federation

0.97%

Poland

0.93%

Chile

0.50%

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 2021-01-15

Ticker : MDEMPU Index

Calculating Agent : Solactive

Base Date : 2015-12-18

Launch Date : 2015-12-18

Base Currency : USD

Calculation Frequency : Daily

Level : 1572.51

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	2.95%	19.15%	25.23%	2.95%	19.14%	10.01%	69.99%	57.25%
Volatility	14.20%	12.82%	13.51%	14.20%	24.58%	16.96%	14.75%	14.81%

*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 2020-12-31

Number of Constituents : 698

Max. Market Cap : 697.679 Billion USD

Min. Market Cap : 645.511 Million USD

Avg. Market Cap : 34.404 Billion USD

Median Market Cap : 16.156 Billion USD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Goods

16.00%

Health Care

15.91%

Financials

14.46%

Technology

13.89%

Consumer Services

12.45%

Industrials

9.00%

Basic Materials

6.66%

Telecommunications

5.36%

Oil & Gas

3.18%

Utilities

3.09%

Breakdown by Country

China

29.62%

India

20.64%

Taiwan, Province of China

13.11%

Korea, Republic of

11.03%

Thailand

4.46%

South Africa

3.66%

Brazil

3.61%

Malaysia

3.29%

Mexico

2.51%

Turkey

2.39%

Philippines

1.70%

Indonesia

1.34%

Russian Federation

0.97%

Poland

0.93%

Chile

0.50%

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 2021-01-15

Ticker : MDEMCC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1876.66

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	3.15%	15.00%	18.83%	3.15%	18.52%	-	-	22.39%
Volatility	12.19%	11.09%	11.67%	12.19%	21.67%	-	-	15.86%

*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 2020-12-31

Number of Constituents : 698

Max. Market Cap : 888.843 Billion CAD

Min. Market Cap : 822.381 Million CAD

Avg. Market Cap : 43.831 Billion CAD

Median Market Cap : 20.582 Billion CAD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Goods

16.00%

Health Care

15.91%

Financials

14.46%

Technology

13.89%

Consumer Services

12.45%

Industrials

9.00%

Basic Materials

6.66%

Telecommunications

5.36%

Oil & Gas

3.18%

Utilities

3.09%

Breakdown by Country

China

29.62%

India

20.64%

Taiwan, Province of China

13.11%

Korea, Republic of

11.03%

Thailand

4.46%

South Africa

3.66%

Brazil

3.61%

Malaysia

3.29%

Mexico

2.51%

Turkey

2.39%

Philippines

1.70%

Indonesia

1.34%

Russian Federation

0.97%

Poland

0.93%

Chile

0.50%

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 2021-01-15

Ticker : MDJNPJ Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : JPY

Calculation Frequency : Daily

Level : 3261.24

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	1.92%	9.42%	14.21%	1.92%	11.25%	0.58%	46.47%	226.12%
Volatility	9.37%	12.92%	13.04%	9.37%	19.88%	16.83%	17.09%	17.28%

*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 2020-12-30

Number of Constituents : 239

Max. Market Cap : 16,839.724 Billion JPY

Min. Market Cap : 219.937 Billion JPY

Avg. Market Cap : 2,601.477 Billion JPY

Median Market Cap : 1,493.06 Billion JPY

Top Constituents

	Name
1.	SUSHIRO GLOBAL HOLDINGS LTD
2.	NINTENDO CO LTD
3.	CAPCOM CO LTD
4.	SOFTBANK GROUP CORP
5.	FAST RETAILING CO LTD
6.	NEXON CO LTD
7.	TOHO GAS CO LTD
8.	CYBERAGENT INC
9.	DAIICHI SANKYO CO LTD
10.	LION CORP

Allocations

As of 2020-12-30

Breakdown by Economic Sector

Consumer Services

25.93%

Consumer Goods

20.49%

Technology

13.63%

Health Care

12.20%

Financials

9.11%

Industrials

7.17%

Telecommunications

5.18%

Basic Materials

2.82%

Utilities

2.63%

Oil & Gas

0.84%

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 2021-01-15

Ticker : MDJNTJ Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : JPY

Calculation Frequency : Daily

Level : 4392.36

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	1.92%	9.55%	14.99%	1.92%	13.18%	6.06%	59.37%	339.24%
Volatility	9.36%	12.97%	13.07%	9.36%	19.88%	16.83%	17.10%	17.28%

*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 2020-12-30

Number of Constituents : 239

Max. Market Cap : 16,839.724 Billion JPY

Min. Market Cap : 206.416 Billion JPY

Avg. Market Cap : 2,601.477 Billion JPY

Median Market Cap : 1,493.06 Billion JPY

Top Constituents

	Name
1.	SUSHIRO GLOBAL HOLDINGS LTD
2.	NINTENDO CO LTD
3.	CAPCOM CO LTD
4.	SOFTBANK GROUP CORP
5.	FAST RETAILING CO LTD
6.	NEXON CO LTD
7.	TOHO GAS CO LTD
8.	CYBERAGENT INC
9.	DAIICHI SANKYO CO LTD
10.	LION CORP

Allocations

As of 2020-12-30

Breakdown by Economic Sector

Consumer Services

25.93%

Consumer Goods

20.49%

Technology

13.63%

Health Care

12.20%

Financials

9.11%

Industrials

7.17%

Telecommunications

5.18%

Basic Materials

2.82%

Utilities

2.63%

Oil & Gas

0.84%

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 2021-01-15

Ticker : MDNATU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2013-05-13

Base Currency : USD

Calculation Frequency : Daily

Level : 7750.37

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	2.16%	9.08%	17.90%	2.16%	20.61%	42.95%	112.88%	806.13%
Volatility	11.96%	14.44%	15.09%	11.96%	30.32%	20.16%	16.79%	15.84%

*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 2020-12-31

Number of Constituents : 499

Max. Market Cap : 2,255.969 Billion USD

Min. Market Cap : 6.373 Billion USD

Avg. Market Cap : 115.771 Billion USD

Median Market Cap : 51.777 Billion USD

Top Constituents

	Name
1.	ROKU INC
2.	SNAP INC - A
3.	NEWMONT CORP
4.	TELADOC INC
5.	CLOROX COMPANY
6.	BIOGEN IDEC INC
7.	DOCUSIGN INC
8.	KROGER CO
9.	FRANCO-NEVADA CORP
10.	FACEBOOK INC-A

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Services

22.14%

Health Care

20.00%

Technology

15.24%

Consumer Goods

12.43%

Financials

11.19%

Basic Materials

6.92%

Industrials

4.71%

Utilities

3.25%

Oil & Gas

2.56%

Telecommunications

1.55%

Breakdown by Country

USA

90.92%

Canada

9.08%

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 2021-01-15

Ticker : MDNAPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2013-05-13

Base Currency : USD

Calculation Frequency : Daily

Level : 5449.06

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	2.10%	8.68%	17.03%	2.10%	18.48%	34.96%	93.89%	540.07%
Volatility	11.88%	14.42%	15.07%	11.88%	30.30%	20.15%	16.78%	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 2020-12-31

Number of Constituents : 499

Max. Market Cap : 2,255.969 Billion USD

Min. Market Cap : 6.373 Billion USD

Avg. Market Cap : 115.771 Billion USD

Median Market Cap : 51.777 Billion USD

Top Constituents

	Name
1.	ROKU INC
2.	SNAP INC - A
3.	NEWMONT CORP
4.	TELADOC INC
5.	CLOROX COMPANY
6.	BIOGEN IDEC INC
7.	DOCUSIGN INC
8.	KROGER CO
9.	FRANCO-NEVADA CORP
10.	FACEBOOK INC-A

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Services

22.14%

Health Care

20.00%

Technology

15.24%

Consumer Goods

12.43%

Financials

11.19%

Basic Materials

6.92%

Industrials

4.71%

Utilities

3.25%

Oil & Gas

2.56%

Telecommunications

1.55%

Breakdown by Country

USA

90.92%

Canada

9.08%

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 2021-01-15

Ticker : MDUKPG Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : GBP

Calculation Frequency : Daily

Level : 2988.82

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	1.49%	7.99%	8.04%	1.49%	-7.84%	-11.04%	10.68%	198.88%
Volatility	16.46%	14.14%	14.51%	16.46%	24.79%	17.33%	15.61%	15.70%

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

Chart

Constituents

As of 2020-12-31

Number of Constituents : 94

Max. Market Cap : 115.416 Billion GBP

Min. Market Cap : 2.168 Billion GBP

Avg. Market Cap : 20.984 Billion GBP

Median Market Cap : 14.479 Billion GBP

Top Constituents

	Name
1.	SAINSBURY (J) PLC
2.	DECHRA PHARMACEUTICALS PLC
3.	OCADO GROUP PLC
4.	POLYMETAL INTERNATIONAL PLC
5.	GAMES WORKSHOP GROUP PLC
6.	AVAST PLC
7.	UNILEVER PLC
8.	IG GROUP HOLDINGS PLC
9.	B&M EUROPEAN VALUE RETAIL SA
10.	PEARSON PLC

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Services

32.30%

Health Care

15.24%

Consumer Goods

14.27%

Financials

13.56%

Basic Materials

6.87%

Industrials

6.12%

Utilities

5.51%

Technology

3.50%

Telecommunications

2.49%

Oil & Gas

0.12%

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 2021-01-15

Ticker : MDUKTG Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : GBP

Calculation Frequency : Daily

Level : 5431.27

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	1.50%	8.38%	9.17%	1.50%	-5.66%	-2.32%	28.97%	443.13%
Volatility	16.46%	14.14%	14.45%	16.46%	24.72%	17.29%	15.58%	15.69%

*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 2020-12-31

Number of Constituents : 94

Max. Market Cap : 115.416 Billion GBP

Min. Market Cap : 2.168 Billion GBP

Avg. Market Cap : 20.984 Billion GBP

Median Market Cap : 14.479 Billion GBP

Top Constituents

	Name
1.	SAINSBURY (J) PLC
2.	DECHRA PHARMACEUTICALS PLC
3.	OCADO GROUP PLC
4.	POLYMETAL INTERNATIONAL PLC
5.	GAMES WORKSHOP GROUP PLC
6.	AVAST PLC
7.	UNILEVER PLC
8.	IG GROUP HOLDINGS PLC
9.	B&M EUROPEAN VALUE RETAIL SA
10.	PEARSON PLC

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Services

32.30%

Health Care

15.24%

Consumer Goods

14.27%

Financials

13.56%

Basic Materials

6.87%

Industrials

6.12%

Utilities

5.51%

Technology

3.50%

Telecommunications

2.49%

Oil & Gas

0.12%

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 2021-01-15

Ticker : MDUSATU Index

Calculating Agent : Solactive

Base Date : 2000-06-05

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 9902.64

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	2.46%	11.14%	20.47%	2.46%	23.06%	46.95%	119.28%	744.77%
Volatility	13.66%	14.62%	15.08%	13.66%	31.37%	21.09%	17.55%	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.

Chart

Constituents

As of 2020-12-31

Number of Constituents : 472

Max. Market Cap : 2,255.969 Billion USD

Min. Market Cap : 6.373 Billion USD

Avg. Market Cap : 121.575 Billion USD

Median Market Cap : 53.57 Billion USD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Services

22.57%

Health Care

21.50%

Technology

16.26%

Consumer Goods

13.97%

Financials

10.45%

Industrials

4.58%

Utilities

3.48%

Oil & Gas

3.27%

Basic Materials

2.57%

Telecommunications

1.35%

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 2021-01-15

Ticker : MDUSAPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 7314.46

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	2.40%	10.75%	19.59%	2.40%	20.91%	38.70%	99.25%	631.45%
Volatility	13.58%	14.61%	15.07%	13.58%	31.35%	21.08%	17.54%	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 2020-12-31

Number of Constituents : 472

Max. Market Cap : 2,255.969 Billion USD

Min. Market Cap : 6.373 Billion USD

Avg. Market Cap : 121.575 Billion USD

Median Market Cap : 53.57 Billion USD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Services

22.57%

Health Care

21.50%

Technology

16.26%

Consumer Goods

13.97%

Financials

10.45%

Industrials

4.58%

Utilities

3.48%

Oil & Gas

3.27%

Basic Materials

2.57%

Telecommunications

1.35%

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 2021-01-15

Ticker : MDUSACC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 2179.48

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	2.60%	6.98%	13.43%	2.60%	20.03%	-	-	34.33%
Volatility	13.55%	14.09%	14.44%	13.55%	30.34%	-	-	21.60%

*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 2020-12-31

Number of Constituents : 472

Max. Market Cap : 2,874.105 Billion CAD

Min. Market Cap : 8.119 Billion CAD

Avg. Market Cap : 154.887 Billion CAD

Median Market Cap : 68.248 Billion CAD

Top Constituents

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

Allocations

As of 2020-12-31

Breakdown by Economic Sector

Consumer Services

22.57%

Health Care

21.50%

Technology

16.26%

Consumer Goods

13.97%

Financials

10.45%

Industrials

4.58%

Utilities

3.48%

Oil & Gas

3.27%

Basic Materials

2.57%

Telecommunications

1.35%

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