JOETVirtus Terranova U.S. Quality Momentum ETF
JOET Fund Description
JOET tracks an equal-weighted index of large-cap stocks in the US displaying quality fundamental and technical attributes.
JOET Factset Analytics Insight
JOET tracks the Terranova U.S. Quality Momentum Index, which aims to combine strong quality fundamentals with positive momentum technical trends. Constituent eligibility begins with the 500 largest US securities by market capitalization, which are then screened and ranked based on a momentum and quality score based on the following factors: (i) return-on-equity, (ii) debt-to-equity, and (iii) sales growth rate. A composite score is then calculated and assigned wherein the top 125 securities with positive momentum form the Underlying Index. Finally, the fund is equally-weighted at every quarterly rebalance and reconstitution. JOET’s underlying index is the brainchild of Joe Terranova, Senior Managing Director and Chief Market Strategist for Virtus Investment Partners. His market expertise and investing principles are utilized in the index methodology.
JOET MSCI ESG Analytics Insight
Virtus Terranova U.S. Quality Momentum ETF has an MSCI ESG Fund Rating of A based on a score of 7.58 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. Virtus Terranova U.S. Quality Momentum ETF ranks in the 80th percentile within its peer group and in the 92nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
JOET 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.
JOET Summary Data
JOET Portfolio Data
JOET Index Data
JOET Portfolio Management
JOET Tax Exposures
JOET Fund Structure
JOET Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of JOET. JOET is rated a 5 out of 5.
JOET Sector/Industry Breakdown
JOET Top 10 Holdings[View All]
JOET Economic Development
JOET Performance Statistics
JOET MSCI ESG Ratings
JOET Benchmark Comparison Summary
JOET Benchmark Comparison Market Cap Size