IDIV

U.S. Equity Cumulative Dividends Fund-Series 2027
*Unless otherwise stated, data provided by FactSet.

IDIV Fund Description

IDIV tracks an index that replicates solely the cash dividends of the S&P 500 index. The fund holds annual S&P 500 dividend futures contracts and US Treasury securities.

IDIV Factset Analytics Insight

IDIV unbundles the total return performance of the S&P 500 by focusing solely on providing the monthly dividend stream of the S&P 500 index over a ten-year period. The fund holds annual S&P 500 dividend futures contracts, paired with equivalent Treasury securities, with expirations going out to December 2027. The fund does not hold any equities directly. Each year 1/10 of the portfolio will expire and, after making its final distribution in 2027, IDIV’s NAV will go to zero and the fund will terminate. The objective is provide monthly dividend income based on the actual dividends paid by the stocks of the S&P 500, without the additional equity exposure. Still, IDIV’s value is tied to expectations — if expected dividends decrease, so will IDIV’s NAV. The fund is structured as a commodity pool, so shareholders receive a K-1 at tax time. Note that long-term holders will pay a blended tax rate on capital gains, even if they didn’t sell shares.

PERFORMANCE [as of 09/22/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IDIV -0.87% 5.17% 13.60% 28.65% 4.42% -- --
IDIV (NAV) 0.35% 4.90% 16.40% 21.84% 3.08% -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IDIV Summary Data

Metaurus
02/05/18
Commodities Pool
0.87%
$30.31M
0.52%

IDIV Portfolio Data

13.71%
09/29/21

IDIV Index Data

Solactive U.S. Cumulative Dividends Index – Series 2027
Equal
Fixed
N/A

IDIV Fund Structure

Yes
N/A
-- / --
N/A
N/A
Medium
N/A
N/A

IDIV Tax Exposures

20.00% / 39.60%
--
Yes

IDIV Factset Analytics Block Liquidity

As of 09/23/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of IDIV. IDIV is rated a N/A out of 5.

IDIV Tradability

24,491
$260.13K
12,783
$134.08K
0.52%
$0.05
4.84%
37.85% / 0.72%
None
100.00%
50,000
0.26
0.05%
--
0
$9.96
N/A