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

MAXDIV^® Range of Indices

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

Indices are based on the Maximum Diversification^® approach, constrained to fit the requirements of replication.

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

TOBAM Maximum Diversification
All World Developed ex North America Index
TOBAM Maximum Diversification
All World Developed Index
TOBAM Maximum Diversification
All World Index
TOBAM Maximum Diversification
Canada Index
TOBAM Maximum Diversification
Developed Asia Pacific ex Japan Index
TOBAM Maximum Diversification
Developed Europe Index
TOBAM Maximum Diversification
Developed Eurozone Index
TOBAM Maximum Diversification
Emerging Index
TOBAM Maximum Diversification
Japan Index
TOBAM Maximum Diversification
North America Index
TOBAM Maximum Diversification
UK Index
TOBAM Maximum Diversification
USA Index

CHARACTERISTICS

As of 2020-10-22

Ticker : MDWXNATU Index

Calculating Agent : Solactive

Base Date : 2001-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 6295

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	1.33%	3.39%	21.12%	2.71%	8.23%	10.65%	32.67%	517.22%
Volatility	12.03%	12.06%	13.94%	20.77%	18.84%	13.54%	12.72%	13.00%

*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 2020-09-30

Number of Constituents : 677

Max. Market Cap : 342.866 Billion USD

Min. Market Cap : 1.635 Billion USD

Avg. Market Cap : 39.104 Billion USD

Median Market Cap : 18.06 Billion USD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Health Care

21.21%

Consumer Services

19.07%

Consumer Goods

18.91%

Financials

9.07%

Industrials

8.41%

Basic Materials

6.83%

Technology

6.01%

Telecommunications

5.42%

Utilities

2.87%

Oil & Gas

2.20%

Breakdown by Country

Japan

29.73%

Great Britain

11.91%

Australia

8.45%

Hong Kong

6.99%

France

6.84%

Denmark

6.18%

Switzerland

5.22%

Germany

4.45%

Finland

3.22%

Netherlands

2.71%

Italy

2.68%

Sweden

1.97%

Belgium

1.89%

Ireland

1.65%

Israel

1.30%

Spain

1.19%

New Zealand

1.15%

Norway

1.10%

Singapore

1.03%

Austria

0.18%

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 2020-10-22

Ticker : MDWXNAPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 4048.62

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	1.30%	2.87%	19.84%	0.68%	5.81%	2.59%	17.42%	304.86%
Volatility	12.05%	12.06%	13.94%	20.78%	18.86%	13.54%	12.72%	13.11%

*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 2020-09-30

Number of Constituents : 677

Max. Market Cap : 342.866 Billion USD

Min. Market Cap : 1.635 Billion USD

Avg. Market Cap : 39.104 Billion USD

Median Market Cap : 18.06 Billion USD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Health Care

21.21%

Consumer Services

19.07%

Consumer Goods

18.91%

Financials

9.07%

Industrials

8.41%

Basic Materials

6.83%

Technology

6.01%

Telecommunications

5.42%

Utilities

2.87%

Oil & Gas

2.20%

Breakdown by Country

Japan

29.73%

Great Britain

11.91%

Australia

8.45%

Hong Kong

6.99%

France

6.84%

Denmark

6.18%

Switzerland

5.22%

Germany

4.45%

Finland

3.22%

Netherlands

2.71%

Italy

2.68%

Sweden

1.97%

Belgium

1.89%

Ireland

1.65%

Israel

1.30%

Spain

1.19%

New Zealand

1.15%

Norway

1.10%

Singapore

1.03%

Austria

0.18%

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 2020-10-22

Ticker : MDWXNACC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1620.59

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	-0.42%	1.01%	12.23%	3.77%	8.30%	-	-	6.87%
Volatility	7.34%	9.63%	10.78%	17.57%	16.07%	-	-	12.37%

*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 2020-09-30

Number of Constituents : 677

Max. Market Cap : 457.984 Billion CAD

Min. Market Cap : 2.185 Billion CAD

Avg. Market Cap : 52.234 Billion CAD

Median Market Cap : 24.124 Billion CAD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Health Care

21.21%

Consumer Services

19.07%

Consumer Goods

18.91%

Financials

9.07%

Industrials

8.41%

Basic Materials

6.83%

Technology

6.01%

Telecommunications

5.42%

Utilities

2.87%

Oil & Gas

2.20%

Breakdown by Country

Japan

29.73%

Great Britain

11.91%

Australia

8.45%

Hong Kong

6.99%

France

6.84%

Denmark

6.18%

Switzerland

5.22%

Germany

4.45%

Finland

3.22%

Netherlands

2.71%

Italy

2.68%

Sweden

1.97%

Belgium

1.89%

Ireland

1.65%

Israel

1.30%

Spain

1.19%

New Zealand

1.15%

Norway

1.10%

Singapore

1.03%

Austria

0.18%

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 2020-10-22

Ticker : MDAWDTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 6720.01

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	2.15%	3.75%	21.63%	7.39%	13.97%	28.78%	54.82%	572.00%
Volatility	11.21%	12.53%	13.54%	25.57%	23.08%	15.68%	13.48%	12.39%

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

Chart

Constituents

As of 2020-09-30

Number of Constituents : 905

Max. Market Cap : 1,980.645 Billion USD

Min. Market Cap : 1.635 Billion USD

Avg. Market Cap : 115.693 Billion USD

Median Market Cap : 36.169 Billion USD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Consumer Services

19.93%

Health Care

19.86%

Consumer Goods

15.10%

Technology

11.39%

Financials

9.55%

Basic Materials

8.77%

Industrials

6.03%

Telecommunications

3.76%

Utilities

3.43%

Oil & Gas

2.18%

Breakdown by Country

USA

52.22%

Japan

12.63%

Canada

6.44%

Great Britain

5.08%

France

3.88%

Denmark

3.15%

Germany

2.42%

Switzerland

2.08%

Australia

2.01%

Hong Kong

1.83%

Finland

1.30%

Italy

1.20%

Netherlands

1.08%

Sweden

1.02%

Spain

0.73%

Norway

0.70%

Belgium

0.70%

Israel

0.69%

New Zealand

0.35%

Austria

0.18%

Ireland

0.16%

Portugal

0.12%

Singapore

0.05%

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:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDAWDPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 4705.58

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	2.09%	3.35%	20.58%	5.62%	11.72%	20.85%	39.79%	370.56%
Volatility	11.19%	12.51%	13.53%	25.56%	23.07%	15.68%	13.47%	12.39%

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

Chart

Constituents

As of 2020-09-30

Number of Constituents : 905

Max. Market Cap : 1,980.645 Billion USD

Min. Market Cap : 1.635 Billion USD

Avg. Market Cap : 115.693 Billion USD

Median Market Cap : 36.169 Billion USD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Consumer Services

19.93%

Health Care

19.86%

Consumer Goods

15.10%

Technology

11.39%

Financials

9.55%

Basic Materials

8.77%

Industrials

6.03%

Telecommunications

3.76%

Utilities

3.43%

Oil & Gas

2.18%

Breakdown by Country

USA

52.22%

Japan

12.63%

Canada

6.44%

Great Britain

5.08%

France

3.88%

Denmark

3.15%

Germany

2.42%

Switzerland

2.08%

Australia

2.01%

Hong Kong

1.83%

Finland

1.30%

Italy

1.20%

Netherlands

1.08%

Sweden

1.02%

Spain

0.73%

Norway

0.70%

Belgium

0.70%

Israel

0.69%

New Zealand

0.35%

Austria

0.18%

Ireland

0.16%

Portugal

0.12%

Singapore

0.05%

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:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDAWDCC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1842.33

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	0.38%	1.36%	12.69%	8.49%	14.02%	-	-	15.61%
Volatility	8.92%	10.61%	11.26%	23.64%	21.41%	-	-	15.95%

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

Chart

Constituents

As of 2020-09-30

Number of Constituents : 905

Max. Market Cap : 2,645.646 Billion CAD

Min. Market Cap : 2.185 Billion CAD

Avg. Market Cap : 154.537 Billion CAD

Median Market Cap : 48.313 Billion CAD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Consumer Services

19.93%

Health Care

19.86%

Consumer Goods

15.10%

Technology

11.39%

Financials

9.55%

Basic Materials

8.77%

Industrials

6.03%

Telecommunications

3.76%

Utilities

3.43%

Oil & Gas

2.18%

Breakdown by Country

USA

52.22%

Japan

12.63%

Canada

6.44%

Great Britain

5.08%

France

3.88%

Denmark

3.15%

Germany

2.42%

Switzerland

2.08%

Australia

2.01%

Hong Kong

1.83%

Finland

1.30%

Italy

1.20%

Netherlands

1.08%

Sweden

1.02%

Spain

0.73%

Norway

0.70%

Belgium

0.70%

Israel

0.69%

New Zealand

0.35%

Austria

0.18%

Ireland

0.16%

Portugal

0.12%

Singapore

0.05%

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 2020-10-22

Ticker : MDAWTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2017-03-17

Base Currency : USD

Calculation Frequency : Daily

Level : 1388.6

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%	2.92%	21.16%	5.03%	11.10%	23.80%	52.87%	500.97%
Volatility	10.29%	11.59%	12.17%	24.58%	22.18%	15.11%	13.15%	12.86%

*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 2020-09-30

Number of Constituents : 1155

Max. Market Cap : 1,980.645 Billion USD

Min. Market Cap : 740.71 Million USD

Avg. Market Cap : 142.623 Billion USD

Median Market Cap : 34.524 Billion USD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Consumer Services

19.24%

Health Care

19.11%

Consumer Goods

14.87%

Technology

12.49%

Financials

10.09%

Basic Materials

8.74%

Industrials

6.35%

Telecommunications

4.30%

Utilities

3.35%

Oil & Gas

1.45%

Breakdown by Country

USA

41.84%

Japan

12.22%

China

7.83%

India

5.37%

Canada

4.68%

Great Britain

3.84%

France

2.55%

Korea, Republic of

2.39%

Switzerland

2.04%

Australia

1.91%

Denmark

1.84%

Germany

1.64%

Taiwan, Province of China

1.28%

Hong Kong

1.18%

Italy

1.06%

Finland

0.78%

South Africa

0.73%

Netherlands

0.64%

Sweden

0.64%

Brazil

0.58%

Malaysia

0.57%

Spain

0.57%

Belgium

0.56%

Thailand

0.52%

Norway

0.46%

Philippines

0.36%

Israel

0.36%

New Zealand

0.33%

Mexico

0.28%

Indonesia

0.24%

Turkey

0.22%

Ireland

0.14%

Chile

0.13%

Austria

0.07%

Greece

0.05%

Singapore

0.03%

Russian Federation

0.03%

Portugal

0.02%

Poland

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 2020-10-22

Ticker : MDAWPU Index

Calculating Agent : Solactive

Base Date : 2017-03-17

Launch Date : 2017-03-17

Base Currency : USD

Calculation Frequency : Daily

Level : 1292.78

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%	2.53%	20.08%	3.33%	8.98%	16.64%	-	29.28%
Volatility	10.27%	11.59%	12.16%	24.58%	22.18%	15.11%	-	13.99%

*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 2020-09-30

Number of Constituents : 1155

Max. Market Cap : 1,980.645 Billion USD

Min. Market Cap : 740.71 Million USD

Avg. Market Cap : 142.623 Billion USD

Median Market Cap : 34.524 Billion USD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Consumer Services

19.24%

Health Care

19.11%

Consumer Goods

14.87%

Technology

12.49%

Financials

10.09%

Basic Materials

8.74%

Industrials

6.35%

Telecommunications

4.30%

Utilities

3.35%

Oil & Gas

1.45%

Breakdown by Country

USA

41.84%

Japan

12.22%

China

7.83%

India

5.37%

Canada

4.68%

Great Britain

3.84%

France

2.55%

Korea, Republic of

2.39%

Switzerland

2.04%

Australia

1.91%

Denmark

1.84%

Germany

1.64%

Taiwan, Province of China

1.28%

Hong Kong

1.18%

Italy

1.06%

Finland

0.78%

South Africa

0.73%

Netherlands

0.64%

Sweden

0.64%

Brazil

0.58%

Malaysia

0.57%

Spain

0.57%

Belgium

0.56%

Thailand

0.52%

Norway

0.46%

Philippines

0.36%

Israel

0.36%

New Zealand

0.33%

Mexico

0.28%

Indonesia

0.24%

Turkey

0.22%

Ireland

0.14%

Chile

0.13%

Austria

0.07%

Greece

0.05%

Singapore

0.03%

Russian Federation

0.03%

Portugal

0.02%

Poland

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 2020-10-22

Ticker : MDCATC Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2015-09-18

Base Currency : CAD

Calculation Frequency : Daily

Level : 5270.04

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

Return & Volatility

	MTD	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	Since base date
Return	0.41%	2.59%	18.52%	3.52%	9.68%	21.75%	44.60%	427.00%
Volatility	12.84%	16.47%	16.53%	32.88%	29.65%	18.37%	15.57%	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 2020-09-30

Number of Constituents : 101

Max. Market Cap : 165.839 Billion CAD

Min. Market Cap : 1.893 Billion CAD

Avg. Market Cap : 23.661 Billion CAD

Median Market Cap : 17.032 Billion CAD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Basic Materials

29.58%

Consumer Services

15.18%

Financials

15.03%

Technology

10.22%

Industrials

8.54%

Consumer Goods

7.63%

Oil & Gas

6.25%

Telecommunications

5.02%

Utilities

2.27%

Health Care

0.28%

Breakdown by Country

Canada

100.00%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDCAPC Index

Calculating Agent : Solactive

Base Date : 2005-12-30

Launch Date : 2015-09-18

Base Currency : CAD

Calculation Frequency : Daily

Level : 3451.32

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	0.35%	2.14%	17.35%	1.67%	7.12%	13.25%	28.29%	245.13%
Volatility	12.81%	16.54%	16.70%	33.32%	30.08%	18.70%	15.79%	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 2020-09-30

Number of Constituents : 101

Max. Market Cap : 165.839 Billion CAD

Min. Market Cap : 1.893 Billion CAD

Avg. Market Cap : 23.661 Billion CAD

Median Market Cap : 17.032 Billion CAD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Basic Materials

29.58%

Consumer Services

15.18%

Financials

15.03%

Technology

10.22%

Industrials

8.54%

Consumer Goods

7.63%

Oil & Gas

6.25%

Telecommunications

5.02%

Utilities

2.27%

Health Care

0.28%

Breakdown by Country

Canada

100.00%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDCACC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1257.7

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	0.41%	2.59%	18.51%	3.52%	9.67%	-	-	14.95%
Volatility	12.84%	16.48%	16.53%	32.88%	29.65%	-	-	20.68%

*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 2020-09-30

Number of Constituents : 101

Max. Market Cap : 165.839 Billion CAD

Min. Market Cap : 1.893 Billion CAD

Avg. Market Cap : 23.661 Billion CAD

Median Market Cap : 17.032 Billion CAD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Basic Materials

29.58%

Consumer Services

15.18%

Financials

15.03%

Technology

10.22%

Industrials

8.54%

Consumer Goods

7.63%

Oil & Gas

6.25%

Telecommunications

5.02%

Utilities

2.27%

Health Care

0.28%

Breakdown by Country

Canada

100.00%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDPXJDTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 8116.49

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	3.69%	3.04%	24.57%	-1.02%	4.54%	7.02%	37.18%	711.65%
Volatility	10.42%	12.63%	18.34%	26.53%	24.24%	16.68%	14.91%	15.56%

*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 2020-09-30

Number of Constituents : 131

Max. Market Cap : 118.438 Billion USD

Min. Market Cap : 1.866 Billion USD

Avg. Market Cap : 15.929 Billion USD

Median Market Cap : 13.676 Billion USD

Top Constituents

	Name
1.	MINTH GROUP LTD
2.	VITASOY INTL HOLDINGS LTD
3.	SEA LTD-ADR
4.	YANGZIJIANG SHIPBUILDING
5.	AVON RESOURCES LTD
6.	NORTHERN STAR RESOURCES LTD
7.	PCCW LTD
8.	CSL LTD
9.	SARACEN MINERAL HOLDINGS LTD
10.	NEWCREST MINING LTD

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Financials

22.39%

Consumer Services

16.60%

Industrials

15.65%

Basic Materials

9.01%

Consumer Goods

8.51%

Health Care

7.10%

Utilities

6.90%

Technology

6.56%

Telecommunications

5.37%

Oil & Gas

1.90%

Breakdown by Country

Australia

40.79%

Hong Kong

37.45%

Singapore

13.47%

New Zealand

8.29%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDPXJDPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 4667.8

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	3.67%	2.10%	22.23%	-3.79%	1.21%	-3.06%	16.62%	366.78%
Volatility	10.43%	12.66%	18.32%	26.58%	24.29%	16.71%	14.92%	15.57%

*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 2020-09-30

Number of Constituents : 131

Max. Market Cap : 118.438 Billion USD

Min. Market Cap : 1.866 Billion USD

Avg. Market Cap : 15.929 Billion USD

Median Market Cap : 13.676 Billion USD

Top Constituents

	Name
1.	MINTH GROUP LTD
2.	VITASOY INTL HOLDINGS LTD
3.	SEA LTD-ADR
4.	YANGZIJIANG SHIPBUILDING
5.	AVON RESOURCES LTD
6.	NORTHERN STAR RESOURCES LTD
7.	PCCW LTD
8.	CSL LTD
9.	SARACEN MINERAL HOLDINGS LTD
10.	NEWCREST MINING LTD

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Financials

22.39%

Consumer Services

16.60%

Industrials

15.65%

Basic Materials

9.01%

Consumer Goods

8.51%

Health Care

7.10%

Utilities

6.90%

Technology

6.56%

Telecommunications

5.37%

Oil & Gas

1.90%

Breakdown by Country

Australia

40.79%

Hong Kong

37.45%

Singapore

13.47%

New Zealand

8.29%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDEUDTE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 4914.72

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	0.43%	0.43%	13.85%	-3.96%	1.23%	9.82%	22.59%	391.47%
Volatility	12.04%	13.94%	16.02%	25.01%	22.77%	16.00%	15.51%	14.20%

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

Chart

Constituents

As of 2020-09-30

Number of Constituents : 379

Max. Market Cap : 292.386 Billion EUR

Min. Market Cap : 1.395 Billion EUR

Avg. Market Cap : 33.509 Billion EUR

Median Market Cap : 17.863 Billion EUR

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Health Care

29.30%

Consumer Goods

18.18%

Consumer Services

17.32%

Financials

9.93%

Industrials

8.97%

Technology

3.96%

Telecommunications

3.47%

Utilities

3.47%

Basic Materials

3.14%

Oil & Gas

2.25%

Breakdown by Country

Great Britain

24.03%

Denmark

12.41%

France

12.11%

Germany

9.36%

Switzerland

9.10%

Finland

5.77%

Netherlands

5.54%

Belgium

4.15%

Sweden

3.98%

Italy

3.57%

Spain

3.33%

Ireland

3.32%

Norway

2.16%

Portugal

0.84%

Austria

0.31%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDEUDPE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 3076.09

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	0.38%	0.12%	12.63%	-5.73%	-0.94%	1.19%	7.59%	207.61%
Volatility	12.06%	13.96%	16.04%	25.03%	22.80%	16.01%	15.51%	14.19%

*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 2020-09-30

Number of Constituents : 379

Max. Market Cap : 292.386 Billion EUR

Min. Market Cap : 1.395 Billion EUR

Avg. Market Cap : 33.509 Billion EUR

Median Market Cap : 17.863 Billion EUR

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Health Care

29.30%

Consumer Goods

18.18%

Consumer Services

17.32%

Financials

9.93%

Industrials

8.97%

Technology

3.96%

Telecommunications

3.47%

Utilities

3.47%

Basic Materials

3.14%

Oil & Gas

2.25%

Breakdown by Country

Great Britain

24.03%

Denmark

12.41%

France

12.11%

Germany

9.36%

Switzerland

9.10%

Finland

5.77%

Netherlands

5.54%

Belgium

4.15%

Sweden

3.98%

Italy

3.57%

Spain

3.33%

Ireland

3.32%

Norway

2.16%

Portugal

0.84%

Austria

0.31%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDEUDCC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1741.15

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

Return & Volatility

	MTD	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	Since base date
Return	-0.46%	0.13%	15.21%	2.22%	7.61%	-	-	5.80%
Volatility	10.51%	12.77%	14.53%	22.99%	20.99%	-	-	16.13%

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

Chart

Constituents

As of 2020-09-30

Number of Constituents : 379

Max. Market Cap : 457.984 Billion CAD

Min. Market Cap : 2.185 Billion CAD

Avg. Market Cap : 52.487 Billion CAD

Median Market Cap : 27.98 Billion CAD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Health Care

29.30%

Consumer Goods

18.18%

Consumer Services

17.32%

Financials

9.93%

Industrials

8.97%

Technology

3.96%

Telecommunications

3.47%

Utilities

3.47%

Basic Materials

3.14%

Oil & Gas

2.25%

Breakdown by Country

Great Britain

24.03%

Denmark

12.41%

France

12.11%

Germany

9.36%

Switzerland

9.10%

Finland

5.77%

Netherlands

5.54%

Belgium

4.15%

Sweden

3.98%

Italy

3.57%

Spain

3.33%

Ireland

3.32%

Norway

2.16%

Portugal

0.84%

Austria

0.31%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDEMUDPE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 2907.62

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	0.61%	0.35%	15.67%	-5.03%	-1.96%	0.41%	12.43%	190.76%
Volatility	12.94%	14.75%	17.73%	26.92%	24.39%	16.97%	16.25%	15.24%

*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 2020-09-30

Number of Constituents : 208

Max. Market Cap : 163.096 Billion EUR

Min. Market Cap : 2.209 Billion EUR

Avg. Market Cap : 24.27 Billion EUR

Median Market Cap : 18.008 Billion EUR

Top Constituents

	Name
1.	HELLOFRESH SE
2.	ARGENX SE
3.	DIASORIN SPA
4.	BIOMERIEUX
5.	KESKO OYJ-B SHS
6.	UBISOFT ENTERTAINMENT
7.	ZALANDO SE
8.	PHILIPS LIGHTING NV
9.	UNILEVER NV
10.	ADYEN NV

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Health Care

21.14%

Consumer Goods

17.77%

Consumer Services

14.55%

Financials

12.20%

Industrials

11.66%

Telecommunications

6.27%

Technology

5.64%

Utilities

4.64%

Oil & Gas

4.10%

Basic Materials

2.02%

Breakdown by Country

France

24.12%

Germany

22.31%

Netherlands

13.29%

Finland

10.17%

Spain

8.95%

Belgium

8.62%

Italy

7.13%

Ireland

2.93%

Portugal

1.60%

Austria

0.86%

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:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDEMUDTE Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : EUR

Calculation Frequency : Daily

Level : 4571.04

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

Return & Volatility

	MTD	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	Since base date
Return	0.65%	0.59%	17.21%	-3.25%	0.13%	8.59%	27.64%	357.10%
Volatility	12.93%	14.75%	17.73%	26.92%	24.39%	16.97%	16.25%	15.24%

*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 2020-09-30

Number of Constituents : 208

Max. Market Cap : 163.096 Billion EUR

Min. Market Cap : 2.209 Billion EUR

Avg. Market Cap : 24.27 Billion EUR

Median Market Cap : 18.008 Billion EUR

Top Constituents

	Name
1.	HELLOFRESH SE
2.	ARGENX SE
3.	DIASORIN SPA
4.	BIOMERIEUX
5.	KESKO OYJ-B SHS
6.	UBISOFT ENTERTAINMENT
7.	ZALANDO SE
8.	PHILIPS LIGHTING NV
9.	UNILEVER NV
10.	ADYEN NV

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Health Care

21.14%

Consumer Goods

17.77%

Consumer Services

14.55%

Financials

12.20%

Industrials

11.66%

Telecommunications

6.27%

Technology

5.64%

Utilities

4.64%

Oil & Gas

4.10%

Basic Materials

2.02%

Breakdown by Country

France

24.12%

Germany

22.31%

Netherlands

13.29%

Finland

10.17%

Spain

8.95%

Belgium

8.62%

Italy

7.13%

Ireland

2.93%

Portugal

1.60%

Austria

0.86%

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:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDEMTU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2015-12-18

Base Currency : USD

Calculation Frequency : Daily

Level : 1467.75

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	3.60%	4.16%	30.99%	3.15%	7.85%	6.75%	36.24%	773.45%
Volatility	9.70%	13.50%	15.04%	26.45%	24.00%	16.70%	14.83%	15.93%

*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 2020-09-30

Number of Constituents : 747

Max. Market Cap : 632.46 Billion USD

Min. Market Cap : 740.71 Million USD

Avg. Market Cap : 26.84 Billion USD

Median Market Cap : 12.328 Billion USD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Consumer Goods

17.61%

Health Care

15.27%

Technology

13.37%

Financials

12.80%

Consumer Services

11.29%

Industrials

9.11%

Basic Materials

7.38%

Telecommunications

6.91%

Oil & Gas

3.24%

Utilities

3.01%

Breakdown by Country

China

27.27%

India

21.10%

Taiwan, Province of China

13.63%

Korea, Republic of

10.18%

Malaysia

5.32%

Thailand

4.83%

Brazil

4.01%

South Africa

3.84%

Mexico

2.28%

Turkey

1.81%

Philippines

1.67%

Poland

1.24%

Indonesia

1.06%

Russian Federation

1.01%

Chile

0.45%

Hungary

0.15%

Greece

0.09%

Peru

0.05%

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:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDEMPU Index

Calculating Agent : Solactive

Base Date : 2015-12-18

Launch Date : 2015-12-18

Base Currency : USD

Calculation Frequency : Daily

Level : 1323.65

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	3.56%	3.69%	29.34%	1.43%	5.86%	0.70%	-	32.37%
Volatility	9.70%	13.48%	14.98%	26.44%	23.99%	16.68%	-	14.86%

*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 2020-09-30

Number of Constituents : 747

Max. Market Cap : 632.46 Billion USD

Min. Market Cap : 740.71 Million USD

Avg. Market Cap : 26.84 Billion USD

Median Market Cap : 12.328 Billion USD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Consumer Goods

17.61%

Health Care

15.27%

Technology

13.37%

Financials

12.80%

Consumer Services

11.29%

Industrials

9.11%

Basic Materials

7.38%

Telecommunications

6.91%

Oil & Gas

3.24%

Utilities

3.01%

Breakdown by Country

China

27.27%

India

21.10%

Taiwan, Province of China

13.63%

Korea, Republic of

10.18%

Malaysia

5.32%

Thailand

4.83%

Brazil

4.01%

South Africa

3.84%

Mexico

2.28%

Turkey

1.81%

Philippines

1.67%

Poland

1.24%

Indonesia

1.06%

Russian Federation

1.01%

Chile

0.45%

Hungary

0.15%

Greece

0.09%

Peru

0.05%

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:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDEMCC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 1622.06

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	1.81%	1.76%	21.36%	4.27%	7.98%	-	-	5.78%
Volatility	6.35%	11.49%	12.93%	23.44%	21.37%	-	-	16.22%

*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 2020-09-30

Number of Constituents : 747

Max. Market Cap : 844.809 Billion CAD

Min. Market Cap : 989.403 Million CAD

Avg. Market Cap : 35.851 Billion CAD

Median Market Cap : 16.467 Billion CAD

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Consumer Goods

17.61%

Health Care

15.27%

Technology

13.37%

Financials

12.80%

Consumer Services

11.29%

Industrials

9.11%

Basic Materials

7.38%

Telecommunications

6.91%

Oil & Gas

3.24%

Utilities

3.01%

Breakdown by Country

China

27.27%

India

21.10%

Taiwan, Province of China

13.63%

Korea, Republic of

10.18%

Malaysia

5.32%

Thailand

4.83%

Brazil

4.01%

South Africa

3.84%

Mexico

2.28%

Turkey

1.81%

Philippines

1.67%

Poland

1.24%

Indonesia

1.06%

Russian Federation

1.01%

Chile

0.45%

Hungary

0.15%

Greece

0.09%

Peru

0.05%

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 2020-10-22

Ticker : MDJNPJ Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : JPY

Calculation Frequency : Daily

Level : 2930.4

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

Return & Volatility

	MTD	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	Since base date
Return	-1.02%	3.56%	17.60%	0.79%	5.78%	-1.88%	23.78%	193.04%
Volatility	12.27%	13.41%	14.53%	21.22%	19.33%	16.71%	17.28%	17.33%

*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 2020-09-30

Number of Constituents : 232

Max. Market Cap : 13,519.009 Billion JPY

Min. Market Cap : 187.799 Billion JPY

Avg. Market Cap : 2,342.722 Billion JPY

Median Market Cap : 1,406.743 Billion JPY

Top Constituents

	Name
1.	NET ONE SYSTEMS CO LTD
2.	CAPCOM CO LTD
3.	CYBERAGENT INC
4.	WELCIA HOLDINGS CO LTD
5.	NEXON CO LTD
6.	DAIICHI SANKYO CO LTD
7.	Z HOLDINGS CORP
8.	SOFTBANK GROUP CORP
9.	COSMOS PHARMACEUTICAL CORP
10.	NINTENDO CO LTD

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Consumer Services

25.30%

Consumer Goods

21.11%

Technology

13.64%

Health Care

12.93%

Industrials

7.73%

Telecommunications

5.85%

Financials

5.80%

Basic Materials

3.94%

Utilities

2.72%

Oil & Gas

1.00%

Breakdown by Country

Japan

100.00%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDJNTJ Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : JPY

Calculation Frequency : Daily

Level : 3941.8

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	-1.02%	4.13%	18.37%	2.41%	7.67%	3.50%	34.72%	294.18%
Volatility	12.27%	13.43%	14.52%	21.21%	19.32%	16.70%	17.29%	17.33%

*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 2020-09-30

Number of Constituents : 232

Max. Market Cap : 13,519.009 Billion JPY

Min. Market Cap : 187.799 Billion JPY

Avg. Market Cap : 2,342.722 Billion JPY

Median Market Cap : 1,406.743 Billion JPY

Top Constituents

	Name
1.	NET ONE SYSTEMS CO LTD
2.	CAPCOM CO LTD
3.	CYBERAGENT INC
4.	WELCIA HOLDINGS CO LTD
5.	NEXON CO LTD
6.	DAIICHI SANKYO CO LTD
7.	Z HOLDINGS CORP
8.	SOFTBANK GROUP CORP
9.	COSMOS PHARMACEUTICAL CORP
10.	NINTENDO CO LTD

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Consumer Services

25.30%

Consumer Goods

21.11%

Technology

13.64%

Health Care

12.93%

Industrials

7.73%

Telecommunications

5.85%

Financials

5.80%

Basic Materials

3.94%

Utilities

2.72%

Oil & Gas

1.00%

Breakdown by Country

Japan

100.00%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDNATU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2013-05-13

Base Currency : USD

Calculation Frequency : Daily

Level : 7038.18

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	3.42%	4.88%	23.59%	11.15%	18.62%	41.16%	73.66%	722.86%
Volatility	13.54%	15.87%	17.75%	32.79%	29.55%	19.82%	16.82%	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 2020-09-30

Number of Constituents : 501

Max. Market Cap : 1,980.645 Billion USD

Min. Market Cap : 4.754 Billion USD

Avg. Market Cap : 108.915 Billion USD

Median Market Cap : 46.258 Billion USD

Top Constituents

	Name
1.	ZOOM VIDEO COMMUNICATIONS-A
2.	SNAP INC - A
3.	DEXCOM INC
4.	DOCUSIGN INC
5.	CLOROX COMPANY
6.	NEWMONT CORP
7.	FRANCO-NEVADA CORP
8.	MODERNA INC
9.	KROGER CO
10.	FACEBOOK INC-A

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Health Care

20.82%

Consumer Services

19.65%

Technology

15.44%

Consumer Goods

13.38%

Financials

10.25%

Basic Materials

8.90%

Industrials

4.72%

Utilities

3.52%

Telecommunications

1.70%

Oil & Gas

1.64%

Breakdown by Country

USA

88.77%

Canada

11.23%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDNAPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2013-05-13

Base Currency : USD

Calculation Frequency : Daily

Level : 4965.76

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

Return & Volatility

	MTD	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	Since base date
Return	3.34%	4.47%	22.57%	9.50%	16.37%	33.19%	57.98%	483.30%
Volatility	13.51%	15.85%	17.73%	32.78%	29.53%	19.81%	16.81%	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 2020-09-30

Number of Constituents : 501

Max. Market Cap : 1,980.645 Billion USD

Min. Market Cap : 4.754 Billion USD

Avg. Market Cap : 108.915 Billion USD

Median Market Cap : 46.258 Billion USD

Top Constituents

	Name
1.	ZOOM VIDEO COMMUNICATIONS-A
2.	SNAP INC - A
3.	DEXCOM INC
4.	DOCUSIGN INC
5.	CLOROX COMPANY
6.	NEWMONT CORP
7.	FRANCO-NEVADA CORP
8.	MODERNA INC
9.	KROGER CO
10.	FACEBOOK INC-A

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Health Care

20.82%

Consumer Services

19.65%

Technology

15.44%

Consumer Goods

13.38%

Financials

10.25%

Basic Materials

8.90%

Industrials

4.72%

Utilities

3.52%

Telecommunications

1.70%

Oil & Gas

1.64%

Breakdown by Country

USA

88.77%

Canada

11.23%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDUKPG Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : GBP

Calculation Frequency : Daily

Level : 2753.11

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	-0.29%	-0.72%	9.66%	-14.12%	-8.93%	-15.59%	-5.37%	175.31%
Volatility	11.53%	15.43%	18.59%	26.56%	24.49%	16.99%	15.64%	15.72%

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

Chart

Constituents

As of 2020-09-30

Number of Constituents : 95

Max. Market Cap : 124.108 Billion GBP

Min. Market Cap : 1.733 Billion GBP

Avg. Market Cap : 21.137 Billion GBP

Median Market Cap : 13.302 Billion GBP

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Consumer Services

31.39%

Health Care

15.63%

Consumer Goods

14.77%

Financials

12.81%

Basic Materials

7.36%

Utilities

7.15%

Industrials

5.30%

Technology

3.28%

Telecommunications

2.29%

Oil & Gas

0.04%

Breakdown by Country

Great Britain

100.00%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDUKTG Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : GBP

Calculation Frequency : Daily

Level : 4984.82

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	-0.23%	-0.05%	11.07%	-12.40%	-6.67%	-7.34%	10.38%	398.48%
Volatility	11.47%	15.30%	18.48%	26.47%	24.41%	16.95%	15.61%	15.71%

*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 2020-09-30

Number of Constituents : 95

Max. Market Cap : 124.108 Billion GBP

Min. Market Cap : 1.733 Billion GBP

Avg. Market Cap : 21.137 Billion GBP

Median Market Cap : 13.302 Billion GBP

Top Constituents

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

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Consumer Services

31.39%

Health Care

15.63%

Consumer Goods

14.77%

Financials

12.81%

Basic Materials

7.36%

Utilities

7.15%

Industrials

5.30%

Technology

3.28%

Telecommunications

2.29%

Oil & Gas

0.04%

Breakdown by Country

Great Britain

100.00%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDUSATU Index

Calculating Agent : Solactive

Base Date : 2000-06-05

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 8832.56

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	3.83%	5.62%	24.05%	11.53%	18.99%	42.99%	77.45%	653.48%
Volatility	13.48%	15.73%	18.52%	33.97%	30.62%	20.76%	17.59%	16.77%

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

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Constituents

As of 2020-09-30

Number of Constituents : 471

Max. Market Cap : 1,980.645 Billion USD

Min. Market Cap : 4.754 Billion USD

Avg. Market Cap : 114.288 Billion USD

Median Market Cap : 47.946 Billion USD

Top Constituents

	Name
1.	ZOOM VIDEO COMMUNICATIONS-A
2.	SNAP INC - A
3.	DEXCOM INC
4.	MODERNA INC
5.	DOCUSIGN INC
6.	CLOROX COMPANY
7.	NEWMONT CORP
8.	KROGER CO
9.	CHIPOTLE MEXICAN GRILL INC
10.	FACEBOOK INC-A

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Health Care

23.07%

Consumer Services

20.15%

Technology

16.69%

Consumer Goods

15.18%

Financials

9.97%

Industrials

4.64%

Utilities

3.97%

Basic Materials

2.71%

Oil & Gas

2.12%

Telecommunications

1.50%

Breakdown by Country

USA

100.00%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

Composition:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDUSAPU Index

Calculating Agent : Solactive

Base Date : 2002-10-31

Launch Date : 2011-11-17

Base Currency : USD

Calculation Frequency : Daily

Level : 6546.41

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	3.75%	5.21%	23.01%	9.89%	16.72%	34.84%	60.99%	554.64%
Volatility	13.46%	15.71%	18.51%	33.95%	30.61%	20.77%	17.59%	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 2020-09-30

Number of Constituents : 471

Max. Market Cap : 1,980.645 Billion USD

Min. Market Cap : 4.754 Billion USD

Avg. Market Cap : 114.288 Billion USD

Median Market Cap : 47.946 Billion USD

Top Constituents

	Name
1.	ZOOM VIDEO COMMUNICATIONS-A
2.	SNAP INC - A
3.	DEXCOM INC
4.	MODERNA INC
5.	DOCUSIGN INC
6.	CLOROX COMPANY
7.	NEWMONT CORP
8.	KROGER CO
9.	CHIPOTLE MEXICAN GRILL INC
10.	FACEBOOK INC-A

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Health Care

23.07%

Consumer Services

20.15%

Technology

16.69%

Consumer Goods

15.18%

Financials

9.97%

Industrials

4.64%

Utilities

3.97%

Basic Materials

2.71%

Oil & Gas

2.12%

Telecommunications

1.50%

Breakdown by Country

USA

100.00%

INVESTMENT PHILOSOPHY

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

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

DOWNLOADS

Ground Rules:

Factsheet:

TOBAM Benchmark Statement:

TOBAM Compliance Statement:

CHARACTERISTICS

As of 2020-10-22

Ticker : MDUSACC Index

Calculating Agent : Solactive

Base Date : 2018-07-12

Launch Date : 2018-07-12

Base Currency : CAD

Calculation Frequency : Daily

Level : 2001.04

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

Return & Volatility

	MTD	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	Since base date
Return	2.02%	3.18%	14.91%	12.65%	18.98%	-	-	23.33%
Volatility	13.74%	15.02%	17.35%	32.91%	29.73%	-	-	22.22%

*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 2020-09-30

Number of Constituents : 471

Max. Market Cap : 2,645.646 Billion CAD

Min. Market Cap : 6.35 Billion CAD

Avg. Market Cap : 152.66 Billion CAD

Median Market Cap : 64.044 Billion CAD

Top Constituents

	Name
1.	ZOOM VIDEO COMMUNICATIONS-A
2.	SNAP INC - A
3.	DEXCOM INC
4.	MODERNA INC
5.	DOCUSIGN INC
6.	CLOROX COMPANY
7.	NEWMONT CORP
8.	KROGER CO
9.	CHIPOTLE MEXICAN GRILL INC
10.	FACEBOOK INC-A

Allocations

As of 2020-09-30

Breakdown by Economic Sector

Health Care

23.07%

Consumer Services

20.15%

Technology

16.69%

Consumer Goods

15.18%

Financials

9.97%

Industrials

4.64%

Utilities

3.97%

Basic Materials

2.71%

Oil & Gas

2.12%

Telecommunications

1.50%

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