FEDXEmles Federal Contractors ETF
FEDX Fund Description
FEDX tracks a market-cap-weighted index of fundamentally-selected US firms that derive a large portion of their revenue from Federal contracts.
FEDX Factset Analytics Insight
FEDX is one of the first ETFs from the issuer and first to target its exposure to companies that generate a significant portion of their revenue from US government contracts. The index is constructed from public information available on USAspending.gov, the official source for government spending data. Companies that have at least 40% revenue exposure to Federal contracts in the previous fiscal year (ending each September 30), and meet certain minimum size and liquidity requirements are eligible for inclusion in the index. Companies are analyzed based on a methodology that uses annual reports, business descriptions and financial news, to rate and weight the company’s degree of exposure to sub-themes: aerospace & defense, information technology, cybersecurity and healthcare. FEDX, however, is not limited to these sub-themes, in fact, it may hold any company so long as it meets the revenue exposure requirement. The underlying index is rebalanced quarterly and aims for a weighted average federal contract revenue exposure of 50% or above.
FEDX MSCI ESG Analytics Insight
Emles Federal Contractors ETF has an MSCI ESG Fund Rating of A based on a score of 6.29 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. Emles Federal Contractors ETF ranks in the 55th percentile within its peer group and in the 49th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FEDX MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
FEDX Summary Data
FEDX Portfolio Data
FEDX Index Data
FEDX Portfolio Management
FEDX Tax Exposures
FEDX Fund Structure
FEDX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FEDX. FEDX is rated a 4 out of 5.
FEDX Sector/Industry Breakdown
FEDX Top 10 Holdings[View All]
FEDX Economic Development
FEDX Performance Statistics
FEDX MSCI ESG Ratings
FEDX Benchmark Comparison Summary
FEDX Benchmark Comparison Market Cap Size