Venn Smart Alpha US SMID Index


Datum der letzten Berechnung: 15.01.21
Indexwert: 131.7000
Monatsverlauf: 5.68 %
Jahresverlauf: 5.68 %

The objective of the Index is to reflect the performance an investor can achieve by investing in a dynamic portfolio of such 40 US listed shares or Substitutes 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
15/01/2021CA68371510680.023558020
15/01/2021IE00BKYC3F770.023605733
15/01/2021US02156B10350.023117845
15/01/2021US05464C10180.027047275
15/01/2021US08579W10360.021287800
15/01/2021US10316T10430.022405484
15/01/2021US12514G10850.021214242
15/01/2021US14313010270.024651170
15/01/2021US14686910270.027575338
15/01/2021US18449610780.024342596
15/01/2021US21925Y10380.022155197
15/01/2021US22531010160.024487287
15/01/2021US22836810600.021395680
15/01/2021US23582520520.026642674
15/01/2021US26614N10280.028572727
15/01/2021US29362U10430.026052419
15/01/2021US30224P20020.025962736
15/01/2021US30249130360.022455310
15/01/2021US38023710760.023070801
15/01/2021US38868910150.024343517
15/01/2021US41034510210.025199849
15/01/2021US44891N10900.031514216
15/01/2021US47233W10990.024073490
15/01/2021US50077C10620.026824583
15/01/2021US50188920840.022817008
15/01/2021US56275010920.026941166
15/01/2021US57708110250.027735922
15/01/2021US57793310410.022468591
15/01/2021US64049M20980.026721668
15/01/2021US67020Y10010.030908799
15/01/2021US74342410370.029763976
15/01/2021US90225210510.022200182
15/01/2021US91704710260.021496817
15/01/2021US92343X10000.027829663
15/01/2021US92537N10810.023180103
15/01/2021US92581510290.026542879
15/01/2021US92932M10180.022076865
15/01/2021US94419L10170.027482508
15/01/2021US98379310080.024219069
15/01/2021US98920710540.026058794
Index Umschichtungen
DateISINUnit change
04/01/2021US30224P20020.00387253
29/12/2020US30249130360.00007357
11/12/2020US38868910150.00058806
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 Reference Market. 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) market capitalization of eligible securities must be between 500$ million and 50$ billion;
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 is removed;
g) the Index Component Selection is then composed of the 40 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: FR0013511839 WKN: ---
Bloomberg Ticker: VENNUSM Index Sponsor: Venn Research