INAG

INAG

The Innovation α® Global ETF

About INAG

  • Access large- and mid-cap companies in developed markets whose valuable innovations and intangible assets offer a competitive advantage.
  • The index that INAG seeks to track is powered by Innovation α®—the same algorithm behind the CNBC IQ 100—which is designed to measure the relative competitive value of intellectual property and intangible assets.

The INAG strategy allows investors to participate in a large- and mid-cap developed market equities strategy based on the quality of innovation developed and used by companies. Using Innovation α®, a proprietary unstructured data analysis algorithm, INAG’s index seeks to measure the absolute quantitative intangible asset position of companies similar to those in the MSCI World Index within both the supply chain and distribution competitive space, then selects the company holding the better asset portfolio. The underlying principle of the strategy is to seek those companies optimized for marginal revenue control through high-quality intangible assets.

The INAG’s index strategy was modeled by Dr. David Martin and relies exclusively on public information. The model from which the strategy was derived is based on historical innovation and market data collected and analyzed by M•CAM® since 1998.

The MSCI World Index seeks to capture all sources of equity returns in 23 developed and 24 emerging markets around the world.

Powered by Innovation α®

M•CAM® has measured the “creditworthiness” of Intellectual Property (IP) and Intangible Assets (IA) for nearly two decades through numerous boom and bust cycles. Simply put, this means that we examine the actual assets – contracts, patents, licenses, copyrights, designs, trademarks, permits, etc. – held by firms; compare them qualitatively to the equivalent rights held by other firms; and, characterize the economic consequence of these assets on the underlying enterprise. To do this, we maintain a proprietary repository of state-granted rights from over 160 countries representing, in some instances, over 200 years of historical data. Using our internationally recognized, unrivaled unstructured text linguistic genomic algorithms, we measure the quality of these rights and associate them with business transactions reported in financial statements, contracts, bid proposals, trade records and other publicly available (but hard to find) data.

Fund Summary

INAG Prices

as of 10/14/2019
Net Assets as of 10/14/2019 $2.69m
NAV $26.95
NAV Price Change $-0.03
Shares Outstanding 100,000
Premium/discount % 0.26%
Closing Price $27.02

IOPV, or indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every fifteen seconds throughout the trading day.

We value transparency and equivalent access
to innovation driven performance

Performance

Quarter End Returns

as of 9/30/2019
  AVG. ANNUALIZED
  Quarter 1 Year 3 Year Since Inception
Fund NAV xx.xx% xx.xx% xx.xx% xx.xx%
Market Price xx.xx% xx.xx% xx.xx% xx.xx%
Innovation α® Global Index xx.xx% xx.xx% xx.xx% xx.xx%
S&P 500 Index xx.xx% xx.xx% xx.xx% xx.xx%

Expense ratio: 0.81%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling +1 434 979 7240.

Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns.

Distribution Detail

EX- Date Record Date Payable Date Amount
xx/xx/xxxx xx/xx/xxxx xx/xx/xxxx xx/xx/xxxx

Growth Of $10,000

Data from 06/04/2019 to 07/31/2019

The Growth of $10,000 chart reflects a hypothetical $10,000 investment in the fund and index. Assumes reinvestment of dividends ond capital gains. Performance data quoted represents past performance; past performance does not guarantee future results. Index performance is not illustrative of fund performance. One cannot invest directly in an index.

Top 10 Holdings

Percentage Of Net Assets Name Identifier Shares Held Market Value
2.92% BAYER AG BAYN GR 1,088 78,703.93
1.88% ADIDAS AG ADS GR 164 50,791.74
1.86% DAIMLER AG DAI GR 965 50,075.22
1.83% KERING KER FP 95 49,406.83
1.67% THALES HO FP 423 45,108.06
1.43% ANGLO AMERICAN AAL LN 1,585 38,590.44
1.34% EXPERIAN EXPN LN 1,166 36,017.99
1.33% MICRON TECHNOLOGY INC MU 796 35,708.56
1.32% BP BP/ LN 5,736 35,563.56
1.31% SMITH & NEPHEW SN/ LN 1,513 35,419.14

Data as of 10/15/2019. Holdings are subject to change.

Intelligent machine learning (AI) Expand the universe for information advantage

Intelligent machine learning (AI) Expand the universe for information advantage

We unlock value from unconventional Data through innovation and data analysis that translates the worlds leading ideas into intelligent insights.