The No Underlying Index measures the performance of Investment Grade securities and is selected by a Proprietary process. Currently, 218 ETFs track the No Underlying Index with more than $49.27 B in ETP assets with an average expense ratio of 0.74%. The largest ETF is PIMCO Enhanced Short Maturity Active ETF (MINT) by PIMCO with $8.48 B in assets.
In the last 12 months, the best performing No Underlying Index ETF was the ARK Web x.0 ETF (ARKW) at 85.33%. The most-recent ETF launched by No Underlying Index was the Horizons Cadence Hedged U.S. Dividend Yield ETF (USDY) in February 2018.