INAU

INAU

The Innovation α® United States ETF

About INAU

  • Gain exposure to large- and mid-cap companies in the United States whose valuable innovations and intangible assets offer a competitive advantage.
  • The index that INAU 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.

INAU’s index seeks to provide exposure to companies that have a market advantage based on their ability to invest in, control, and deploy intellectual property. Companies similar to those in the the Russell 1000 Index universe are selected using a proprietary unstructured data analysis algorithm derived from Dr. David Martin’s patented methodology to establish intangible asset quality and market fitness. The underlying principle of the strategy is to select those companies optimized for marginal revenue control through high-quality intangible assets.

The Russell 1000 Index is a market capitalization-weighted index that seeks to track the 1000 highest-ranking stocks within the Russell 3000 Index.

The Russell 3000 Index is a market capitalization-weighted index that seeks to provide exposure to the entire U.S. stock market.

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

INAU Prices

as of 10/14/2019
Net Assets as of 10/14/2019 $2.72m
NAV $27.21
NAV Price Change $-0.06
Shares Outstanding 100,000
Premium/discount % 0.12%
Closing Price $27.25

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® United States 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.xxxxxxx

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
5.31% PROCTER & GAMBLE CO PG 1,203 144,420.15
3.66% FISERV INC FISV 939 99,552.78
3.63% MEDTRONIC PLC MDT 919 98,856.83
3.26% AT&T INC T 2,367 88,691.49
2.44% GENWORTH FINL INC GNW 15,270 66,424.50
2.29% APPLE INC AAPL 264 62,269.68
2.18% EDWARDS LIFESCIENCES CORP EW 262 59,371.82
2.11% INTERNATIONAL BUSINESS MACHS COM IBM 404 57,384.16
2.07% LOCKHEED MARTIN CORP LMT 147 56,243.67
1.74% NOKIA CORP NOK 9,569 47,366.55

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.