BEMO Fund Description
The Aptus Behavioral Momentum ETF holds U.S.-listed equities selected by their momentum characteristics in a risk-on environment, and switches to 7-10 year U.S. Treasury notes in a risk-off environment.
BEMO Factset Analytics Insight
At any point in time, BEMO is either 100% invested in US-listed equities, or 100% invested in 7-10 year US Treasury notes depending on the momentum of broad-based US equity market indexes. In its equity state, BEMO ranks US-listed companies by 26-week total return performance and price relative to the 52-week high. The top 25 securities are selected, with a sector constraint of 30% maximum. Each security is then given an equal weight. If at any given reconstitution date US equity markets show a 10% decrease, the fund switches out its equity exposure for 100% 7-10 year US Treasury notes. The fund will switch back to equities when US equity markets are above its moving average. There are other funds, such as the Pacer Trendpilots, that utilize the risk-on/risk-off strategy, but BEMO differentiates itself by toggling into intermediate Treasurys instead of a cash position (or equivalent). While its expense ratio is high, it is in line with funds with similar structures and targets.
BEMO MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of February 22, 2018 the Aptus Behavioral Momentum ETF MSCI ESG Fund Quality Score is 5.22 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. BEMO ranks in the 69th percentile within its peer group and in the 42nd percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
BEMO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BEMO. BEMO is rated a N/A out of 5.