FLAGFLAG-Forensic Accounting Long-Short ETF
FLAG Fund Description
The FLAG-Forensic Accounting Long-Short ETF tracks an index that selects long and short equity positions of large-cap U.S. companies relative to their earnings quality and revenue recognition practices.
FLAG Factset Analytics Insight
FLAG changed its underlying index after August 7, 2015 from a long-only index to a long-short index. The fund is designed to have a 100% net equity exposure by holding a 30% short position and a 130% long position. The long and short positions are determined by evaluating and scoring the universe of large cap U.S. equities based on six fundamental metrics: cash flow quality, revenue recognition policies, earnings quality, shareholder yield, earnings surprise, and valuation. The fund selects from a pool of the 500 largest U.S. companies by market capitalization, and goes long the high scorers while shorting those that score poorly. The index is reconstituted quarterly. This niche investment methodology comes at a steep price, and Tradability remains weak.
FLAG 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 June 20, 2018 the FLAG-Forensic Accounting Long-Short ETF MSCI ESG Fund Quality Score is 4.71 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. FLAG ranks in the 31st percentile within its peer group and in the 23th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
FLAG CHARTS AND PERFORMANCE
FLAG Top 10 Countries
FLAG Top 10 Sectors
FLAG Top 10 Holdings [View All]
FLAG Portfolio Management
FLAG Tax Exposures
FLAG Fund Structure
FLAG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FLAG. FLAG is rated a 5 out of 5.
FLAG Sector/Industry Breakdown
FLAG TOP 10 HOLDINGS[View All]
FLAG Economic Development
FLAG Performance Statistics
FLAG MSCI ESG Ratings
FLAG BENCHMARK COMPARISON SUMMARY
FLAG BENCHMARK COMPARISON MARKET CAP SIZE