MJ
ETFMG Alternative Harvest ETFMJ Fund Description
MJ tracks a market-cap-weighted index of global firms engaged in the legal cultivation, production, marketing or distribution of cannabis, cannabinoids or tobacco products.
MJ Factset Analytics Insight
MJ is the first pot-focused ETF to trade in the U.S. The fund tracks an index of stocks across the globe that are engaged in the legal cultivation, production, marketing or distribution of cannabis products for either medical or nonmedical purposes. MJ also holds stocks of companies that trade or produce tobacco or tobacco products, or fertilizers, plant foods, pesticides or growing equipment for cannabis or tobacco. In addition, the fund can hold pharmaceutical companies that produce, market or distribute drug products that use cannabinoids. MJ can only hold companies that are engaged in legal activities and possess all necessary permits. At the time of launch, the fund did not include companies growing or distributing marijuana in the U.S. due to its continuing prohibition at the federal level. The index provider uses publicly available sources to identify companies that derive more than half their revenue from cannabis-related activities. MJ includes roughly 30 stocks, reconstituted and rebalanced quarterly. The expense ratio is on the high side for an index-based equity ETF.Prior to Feb. 9, 2018, the fund traded under the ticker MJX.Prior to Dec. 26, 2017, the fund was called the Tierra XP Latin America Real Estate ETF and tracked an index focused on Latin America real estate companies. The ticker symbol was LARE.
MJ MSCI ESG Analytics Insight
ETFMG Alternative Harvest ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.66 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 Alternative Harvest ETF ranks in the 31st percentile within its peer group and in the 0th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
MJ 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.
MJ Charts And Performance
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MJ Summary Data
MJ Portfolio Data
MJ Index Data
MJ Portfolio Management
MJ Tax Exposures
MJ Fund Structure
MJ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MJ. MJ is rated a 3 out of 5.
MJ Tradability
MJ Sector/Industry Breakdown
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MJ Countries
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MJ Regions
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MJ Economic Development
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MJ Performance Statistics
MJ MSCI ESG Ratings
MJ Benchmark Comparison Summary
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MJ Benchmark Comparison Market Cap Size
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Terms of Use
MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.