Venn Smart Alpha US Index


Datum der letzten Berechnung: 15.01.21
Indexwert: 128.6300
Monatsverlauf: 0.15 %
Jahresverlauf: 0.15 %

The objective of the Index is to reflect the performance an investor can achieve by investing in a dynamic portfolio of such 30 listed shares from the Reference Market representing the main common convictions of a group of short-listed managers (the “Selection of Portfolio Managers”). To reflect the economic reality given by factors such as availability of instruments, reinvestment of maturing instruments and portfolio size, Index Components may be replaced, and their weighting adjusted over time.

Aktuelle Zusammensetzung
DateISINWeight
15/01/2021CA11258510400.030098335
15/01/2021IE00BLP1HW540.032377368
15/01/2021US00724F10120.031569965
15/01/2021US01609W10270.030134637
15/01/2021US02079K30590.031428917
15/01/2021US02313510670.031653372
15/01/2021US03027X10000.029407924
15/01/2021US08467070260.032136468
15/01/2021US14313010270.036312260
15/01/2021US16119P10840.030998850
15/01/2021US17296742420.039841170
15/01/2021US20030N10190.031476247
15/01/2021US27864210300.036240535
15/01/2021US30303M10270.029266110
15/01/2021US31620M10620.028384084
15/01/2021US38141G10400.042657230
15/01/2021US40412C10180.035336087
15/01/2021US46625H10050.038284360
15/01/2021US48251W10450.033878869
15/01/2021US52605710480.031711306
15/01/2021US57053510480.030761068
15/01/2021US57636Q10400.030497584
15/01/2021US59491810450.031901296
15/01/2021US61744644860.040512362
15/01/2021US62944T10510.029596883
15/01/2021US70450Y10380.039938637
15/01/2021US80851310550.039001332
15/01/2021US89364110030.031510623
15/01/2021US91324P10210.032371113
15/01/2021US92826C83940.030715009
Index Umschichtungen
DateISINUnit change
06/01/2021US57636Q10400.00001076
04/01/2021US46625H10050.00017817
04/01/2021US20030N10190.00026542
23/12/2020US03027X10000.00006714
10/12/2020US31620M10620.00004679
Hintergrundinformation

Universe of Index Components

Equity securities or Substitutes of companies from the Reference Market.

Index Components and their selection

1. Selection of Portfolio Managers
The eligible portfolio managers selection is deemed to include 40 to 50 managers investing in the United States. The selection is determined annually in January on the last Business Day (the "Managers Selection Day"). Eligible portfolio managers must meet the following criteria. They:
a) Follow a fundamental investment philosophy,
b) Manage a concentrated portfolio: top ten portfolio positions > 30%,
c) Manage a portfolio value> USD 100 million.
The selection of portfolio managers remains the same until the next Managers Selection Day unless any of the portfolio managers no longer meets the criteria or due to any event that substantially changes the way a portfolio is managed. The definition of a substantial change is at the discretion of the Index Allocator.
2. Selection of Securities
The eligible securities are determined quarterly by aggregating all the positions held in the portfolios of the selected managers on the basis of the latest published inventories.
Securities of the universe must fulfil the following criteria at the Rebalancing Determination Date to be eligible for the index component selection. The following process is applied:
a) Eligible securities are ranked by decreasing weightings of positions held by the selection of portfolio managers;
b) eligible securities must be listed on an exchange;
c) only shares and Substitutes are eligible for the index component selection;
d) singletons defined as only one security line selected by a single manager out of the selection of portfolio managers are not eligible;
e) Securities whose aggregated weighting is composed for more than two-thirds of a single portfolio manager’s weight are normalised. The normalisation is done by allocating, to this specific single portfolio manager, the average weight calculated from the remaining portfolio managers holding the specific security;
f) if multiple lines of a stock qualify for the Index, the less liquid stock is removed;
g) the index component selection is then composed of the 30 top remaining eligible securities.
With each selection of securities and a following rebalancing, an equal weight of the Index Components is applied.

Events
Type Date Note Value
Quarterly Rebalancing Venn Indices (US/EA/SMID) 12.02.2021
Quarterly Rebalancing Venn Indices (US/EA/SMID) 14.05.2021
Quarterly Rebalancing Venn Indices (US/EA/SMID) 13.08.2021
Quarterly Rebalancing Venn Indices (US/EA/SMID) 12.11.2021
Quarterly Rebalancing Venn Indices (US/EA/SMID) 11.02.2022
Quarterly Rebalancing Venn Indices (US/EA/SMID) 13.05.2022
Quarterly Rebalancing Venn Indices (US/EA/SMID) 12.08.2022
Quarterly Rebalancing Venn Indices (US/EA/SMID) 11.11.2022
Stammdaten & Dokumente
Identifier: FR0013434362 WKN: ---
Bloomberg Ticker: VENNUS Index Sponsor: Venn Research