HACK
ETFMG Prime Cyber Security ETFHACK Fund Description
HACK tracks a tiered, equal-weighted index that targets companies actively involved in providing cyber security technology and services.
HACK Factset Analytics Insight
HACK is the first ETF on the market that focuses on cybersecurity. The index it follows splits the industry into 2 types of firms: 1) those that create cybersecurity hardware and software; 2) those that provide cybersecurity as a service. Each of these segments is weighted proportionally by its respective market cap in comparison with the cumulative market cap of both segments. After evenly weighting components within each of these segments, adjustments are made for liquidity. It's an odd Fit because it has a unique, cybersecurity-focused take on the technology segment that gives it a small-cap tilt, with concentrations in software and IT services that you won't find in a plain-vanilla fund. It's a very liquid fund, with high daily volume and narrow spreads, but block liquidity is a bit tougher thanks to the inclusion of all those less-liquid small- and micro-caps in the basket. HACK charges a large fee—though not an outrageous one for the coverage—and tracking can be loose. The fund announced a potential reorganization which would result in a change of fund managers. If approved, the changes look to take effect around October 16, 2020.
HACK MSCI ESG Analytics Insight
ETFMG Prime Cyber Security ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.90 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. ETFMG Prime Cyber Security ETF ranks in the 30th percentile within its peer group and in the 24th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
HACK 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.
HACK Charts And Performance
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HACK Summary Data
HACK Portfolio Data
HACK Index Data
HACK Portfolio Management
HACK Tax Exposures
HACK Fund Structure
HACK Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HACK. HACK is rated a 5 out of 5.
HACK Tradability
HACK Sector/Industry Breakdown
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HACK Top 10 Holdings[View All]
HACK Countries
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HACK Regions
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HACK Economic Development
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HACK Performance Statistics
HACK MSCI ESG Ratings
HACK Benchmark Comparison Summary
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HACK Benchmark Comparison Market Cap Size
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