OLD - The Long-Term Care ETF

Invest in Longevity and the Aging Population
NAV As of 12/14/18 $26.61

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Fund Facts

Pricing Data (As of Market Close 12/14/18) Yields and Expenses Fund Details
$26.72 Closing Market Price
$26.75 Bid/Ask Midpoint
$26.90 Day High
$26.72 Day Low
4,672 Trading Volume (Shares)
0.53% Premium/Discount
0.40M Shares Outstanding
2.06% Distribution Yield at NAV
(As of 09/30/18)
30 Day SEC Yield (As of 11/30/18) 3.67%
Quarterly Distribution Frequency
$10.64M Total Net Assets (As of 12/14/18)
GROSS 0.35%
NET 0.35%
Annual Expense Ratio
(As of fiscal year end 10/31/18)
Performance (As of 12/14/18)
$26.61 NAV
(As of 12/14/18)
-0.67% NAV 1 Day Return
11.91% NAV Year to Date
06/08/16 Inception Date
47103U407 CUSIP
Category
Morningstar (As of 11/30/2018)
Real Estate
OLDIV Intraday Value (IOPV)
NASDAQ Exchange
OLDID Index Ticker
Primary Benchmark Solactive Long-Term Care Index
Index Provider Solactive AG
Creation Unit size is 100,000 shares.

Overview

ETF Objective

The Long-Term Care ETF (OLD) seeks investment results that correspond generally, before fees and expenses, to the performance of the Solactive Long-Term Care Index.

Client Commitment

Thematic ETFs provide investors with the opportunity to invest in companies that may benefit from the transformational forces changing our future. The Long-Term Care ETF seeks exposure to companies globally that are positioned to profit from providing long-term care to the aging population. These include companies owning or operating senior living facilities, nursing services, specialty hospitals or senior housing, as well as biotech companies for age-related illnesses and companies that sell products and services to such facilities.

Why Invest in the Fund

    We are Living Longer

  1. An almost fourfold increase is predicted in the population age 85 and over from 2010 to 2050 – from 5.5 million to 19 million.
    U.S. Census Bureau 5/2010
  2. Long-Term Care Poised to be an Economic Driver

  3. The size and scope of the U.S. long-term care market is substantial, projected to reach $550 billion by 2024.
    Research and Markets, 2017
  4. Targeted Thematic Exposure

  5. The strategy provides investors with the opportunity to invest in companies globally that are positioned to profit from providing long-term care to the aging population.

Thematic ETF

Thematic investing goes beyond trendspotting to identify those transformative forces that could permanently alter our lives and behaviors, creating investment opportunities- opportunities that come from a new future shaped by meaningful change.

Featured Insights

Performance

RETURNS

(As of 09/30/2018)
(As of 11/30/2018)
Inception: Jun 08, 2016 3M YTD 1YR 3YR 5YR 10YR Since Inception
NAV 5.35% 12.33% 7.97% - - - 5.09%
Market Price 4.88% 12.24% 7.23% - - - 4.89%
Solactive Long-Term Care Index 5.50% 12.77% 8.51% - - - 5.63%
MSCI All Country World Index℠ 4.28% 3.83% 9.77% 13.40% 8.67% 8.19% 13.45%
Inception: Jun 08, 2016 3M YTD 1YR 3YR 5YR 10YR Since Inception
NAV -0.20% 14.77% 11.77% - - - 5.65%
Market Price 0.61% 15.79% 12.93% - - - 5.87%
Solactive Long-Term Care Index -0.06% 15.34% 12.35% - - - 6.20%
MSCI All Country World Index℠ -5.73% -2.55% -0.98% 8.57% 6.16% 10.65% 9.65%
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Ordinary brokerage commissions apply and will reduce returns.

FREQUENCY DISTRIBUTION OF PREMIUMS AND DISCOUNTS

Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 2 28 3 9 10 1 0
Percent of Total Days 0.00% 0.00% 3.77% 52.83% 5.66% 16.98% 18.87% 1.89% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 2 55 0 6 0 0 0
Percent of Total Days 0.00% 0.00% 3.17% 87.30% 0.00% 9.52% 0.00% 0.00% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 4 37 6 16 0 0 0
Percent of Total Days 0.00% 0.00% 6.25% 57.81% 9.38% 25.00% 0.00% 0.00% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 2 12 37 1 7 1 1 0
Percent of Total Days 0.00% 3.28% 19.67% 60.66% 1.64% 11.48% 1.64% 1.64% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 1 7 34 0 19 2 0 0
Percent of Total Days 0.00% 1.59% 11.11% 53.97% 0.00% 30.16% 3.17% 0.00% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 0 0 24 37 2 0
Percent of Total Days 0.00% 0.00% 0.00% 0.00% 0.00% 38.10% 58.73% 3.17% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 0 0 4 47 10 2
Percent of Total Days 0.00% 0.00% 0.00% 0.00% 0.00% 6.35% 74.60% 15.87% 3.17%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 22 12 28 0 0 0
Percent of Total Days 0.00% 0.00% 0.00% 35.48% 19.35% 45.16% 0.00% 0.00% 0.00%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 10 3 4 23 6 11 6
Percent of Total Days 0.00% 0.00% 15.87% 4.76% 6.35% 36.51% 9.52% 17.46% 9.52%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 4 4 15 37 3 1
Percent of Total Days 0.00% 0.00% 0.00% 6.25% 6.25% 23.44% 57.81% 4.69% 1.56%
Market Price below NAV Market Price equal to NAV Market Price above NAV
Percent of Difference < -1.50 -1.49 to -1.00 -0.99 to -0.50 -0.49 to -0.01 0 0.01 to 0.49 0.50 to 0.99 1.00 to 1.49 > 1.50
Number of Days 0 0 0 0 0 5 2 1 8
Percent of Total Days 0.00% 0.00% 0.00% 0.00% 0.00% 31.25% 12.50% 6.25% 50.00%

DISTRIBUTION OVERVIEW

EX-DATE RECORD DATE PAYABLE DATE ORDINARY INCOME SHORT-TERM CAPITAL GAINS LONG-TERM CAPITAL GAINS TOTAL DISTRIBUTION
09/28/2018 10/01/2018 10/04/2018 $0.122581 $0.000000 $0.000000 $0.122581
06/29/2018 07/02/2018 07/06/2018 $0.117855 $0.000000 $0.000000 $0.117855
03/29/2018 04/02/2018 04/05/2018 $0.115151 $0.000000 $0.000000 $0.115151
12/22/2017 12/26/2017 12/29/2017 $0.195400 $0.000000 $0.000000 $0.195400
09/29/2017 10/02/2017 10/05/2017 $0.158562 $0.000000 $0.000000 $0.158562
06/30/2017 07/05/2017 07/07/2017 $0.099129 $0.000000 $0.000000 $0.099129
03/31/2017 04/04/2017 04/06/2017 $0.259132 $0.000000 $0.000000 $0.259132
12/23/2016 12/28/2016 12/30/2016 $0.260359 $0.000000 $0.000000 $0.260359
9/30/2016 10/4/2016 10/6/2016 $0.224181 $0.000000 $0.000000 $0.224181
06/30/2016 07/05/2016 07/07/2016 $0.034425 $0.000000 $0.000000 $0.034425

Characteristics

Index represents the Solactive Long-Term Care Index.

TOP HOLDINGS

(As of 12/13/2018)

% of Fund
Welltower Inc 18.61
Ventas Inc 15.35
HCP Inc 9.42
Omega Healthcare Investors Inc 5.01
Amedisys Inc 4.25
Orpea 4.07
Sabra Health Care REIT Inc 3.67
National Health Investors Inc 3.66
Ryman Healthcare Ltd 3.46
LHC Group Inc 3.33

PORTFOLIO CHARACTERISTICS

(As of 12/13/18)

Number of Holdings
Equity Issues
44
Market Capitalization
Weighted Average
$11.58B
Portfolio Turnover Rate
(1-year trailing)
34.79%
Price/Earnings Ratio
(1-year forward)
33.65
Price/Book Ratio
(1-year forward)
2.11
Earnings Growth Rate
(1-year forward)
25.62%

DEVELOPED VS. EMERGING MARKET

(As of 12/13/18)

% OF FUND
U.S. 77.13
Non-U.S. Developed 22.87
Cash & Equivalents 0.00

SECTOR ALLOCATION

(As of 12/13/18)

% OF FUND
Real Estate 65.70
Health Care 33.10
Industrials 1.20
Cash & Equivalents 0.00

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS

(As of 12/13/2018)

% OF FUND
$10B to $50B 43.37
$5B to $10B 9.08
$1B to $5B 38.96
$500M to $1B 5.36
$250M to $500M 2.65
$100M to $250M 0.58
Cash & Equivalents 0.00

REGIONAL ALLOCATION

(As of 12/13/18)

% OF FUND
North America 81.10
Europe 8.93
Asia/Pacific Ex Japan 7.41
Japan 2.56
Cash & Equivalents 0.00

Commentary & Literature