What is JOET?

JOET tracks an equal-weighted index of large-cap stocks in the US displaying quality fundamental and technical attributes.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
JOET 3.49% 10.89% 2.99% -5.76% -- -- --
JOET (NAV) 3.57% 10.81% 2.94% -5.87% -- -- --
MSCI USA Large Cap Index 3.98% 7.96% 3.56% -11.35% 7.53% 9.14% 12.56%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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 Summary Data

11/17/20
0.29%
$112.74M
Terranova U.S. Quality Momentum Index
MSCI USA Large Cap Index
Open-Ended Fund

Peers

MSCI USA Large Cap Index

Fund Flows

$0.00B 5 Days
+$0.01B 30 Days
+$0.02B 90 Days

JOET Portfolio Data

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1.21%
N/A
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JOET Index Data

Terranova U.S. Quality Momentum Index
Equal
Multi-Factor
MSCI USA Large Cap Index

JOET Portfolio Management

0.29%
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--
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JOET Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

JOET Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 01/23/23

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

JOET Tradability

55,612
$1.53M
39,200
$1.04M
0.14%
$0.04
-0.01%
0.25% / -0.60%
None
100.00%
50,000
0.78
0.03%
--
112
$27.54
N/A

JOET Performance Statistics

0.94
0.93
0.91
0.95
0.35%
MSCI USA Large Cap Index

JOET Benchmark Comparison Holdings

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JOET Benchmark Comparison Summary

JOET Segment
Benchmark
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Low --

JOET Benchmark Comparison Market Cap Size

JOET Segment
Benchmark
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