IDIV

Fund Description
IDIV is an NYSE Arca-listed exchange traded fund that seeks to provide monthly payments that replicate the cash dividends paid by component companies in the S&P 500 Index, without price exposure to these underlying stocks, as represented by the Solactive US Cumulative Dividends Index - Series 2027. The Solactive U.S. Cumulative Dividends Index Series 2027 (the Dividends Index , the Index ) is an Index of Solactive AG and is calculated and distributed by Solactive AG. The Index aims to represent the discounted present value of all listed annual S&P 500 Dividend Index Futures contracts out to and including the December 2027 dividend futures expiry. To accomplish this, each S&P 500 Dividend Index Future market price will be discounted by using the computed yield of a specified U.S. Treasury Security with a similar or prior maturity date as the corresponding S&P 500 Dividend Index Future expiry. After expiry of any S&P 500 Dividend Futures contract, such futures contract and its corresponding U.S. Treasury Security will be removed from the Index. The Index is a price only index. The Index is published in USD.
Fund Profile
Fund Name US Equity Cumulative Dividends Fund-Series 2027
Fund Exchange Ticker IDIV
Fund Sponsor Metaurus Advisors
Fund ISIN US59140L1008
Net Expense Ratio 0.81 %
Fund Inception Date 5 February 2018
Fund Legal Structure Limited Partnership
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Multi-Asset / Other
Asset Class Other Asset Types
Index Linked Passive
Index Name Solactive US Cumulative Dividends Index Series 2027
Index Provider Solactive AG
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Key Statistics
Return As of Date 17 June 2019
Asset Under Management 4.27 Million (USD)
1 Month Total Return 1.00 %
Year To Date Return 11.21 %
1 Year Total Return -1.74 %
3 Year Annualized Total Return
NAV 12.21
Share Outstanding 350,000
Top 10 Holdings (18 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
T 2 1/4 12/31/23 BOND
T 2 12/31/21 BOND
S&P 500 ANNL DIV DEC26 FUTR
S&P 500 ANNL DIV DEC27 FUTR
T 2 11/15/26 BOND
T 1 3/4 12/31/20 BOND
T 2 1/8 12/31/22 BOND
T 2 1/4 11/15/25 BOND
T 6 1/8 11/15/27 BOND
T 2 1/4 11/15/24 BOND