PLCY

EventShares U.S. Policy Alpha ETF
D

60
*Unless otherwise stated, data provided by FactSet.

PLCY Fund Description

PLCY is an actively managed fund that takes long and short positions in US companies that the advisor expects to change in value due to US government regulations, trade policies, and fiscal spending.

PLCY Factset Analytics Insight

PLCY holds long and short positions in about 50 to 100 companies that have exposure to US government policy and regulation themes identified by the fund’s active manager. The manager considers government actions that impact issues such as spending, defense, healthcare, trade agreements, tariffs, industry regulation, environment, or taxes. When developing these themes, the manager screens for companies that could experience significant multi-year growth or business model disruption due to government actions. PLCY buys securities expected to respond favorably and shorts those expected to depreciate. Investors can expect the portfolio to turnover roughly once per quarter, so taxable capital gains payouts are a possibility.PLCY does not come cheaply relative to most total-market peers; however, it gives investors exposure to a distinctive investment thesis within the US equity space. Prior to April 19, 2018, the fund traded as the U.S. Tax Reform ETF (ticker TAXR), and was limited to themes involving tax reform.

PLCY MSCI ESG Analytics Insight

EventShares U.S. Policy Alpha ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.27 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. EventShares U.S. Policy Alpha ETF ranks in the 45th percentile within its peer group and in the 42nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PLCY Charts And Performance

Price Chart ($)
Total Return Chart (%)
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PERFORMANCE [as of 09/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PLCY 6.30% 2.27% 15.97% -4.63% -- -- --
PLCY (NAV) 4.04% 1.06% 15.01% -4.32% -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA IMI 2.95% 2.90% 21.56% 4.34% 13.82% 10.28% 13.16%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PLCY Summary Data

10/17/17
Open-Ended Fund
0.86%
$18.73M
$67.65K
0.29%

PLCY Portfolio Data

$24.89B
27.85
2.41
0.12%
N/A
99

PLCY Index Data

No Underlying Index
Proprietary
Proprietary
MSCI USA IMI

PLCY Portfolio Management

0.86%
--
--
--

PLCY Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

PLCY Fund Structure

Open-Ended Fund
No
No
No Policy
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

PLCY Factset Analytics Block Liquidity

As of 09/20/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of PLCY. PLCY is rated a 4 out of 5.

PLCY Tradability

3,029
$67.65K
2,504
$55.80K
0.29%
$0.06
-0.01%
2.00% / -0.47%
None
100.00%
25,000
0.10
0.09%
0.07%
0
$21.91
4

PLCY Sector/Industry Breakdown


PLCY
Segment Benchmark
19.85%
10.53%
19.16%
26.09%
14.51%
13.44%
13.26%
17.07%
10.45%
13.46%
8.72%
4.58%
5.76%
2.93%
4.47%
6.72%
2.08%
3.21%
1.74%
1.92%

PLCY Top 10 Holdings[View All]

2.57%
2.00%
1.81%
20.38%

PLCY Countries


PLCY
Segment Benchmark
93.45%
99.92%
2.77%
0.08%
1.21%
--
1.00%
--
0.83%
--
0.74%
--

PLCY Regions


PLCY
Segment Benchmark
96.22%
100.00%
3.78%
--

PLCY Economic Development


PLCY
Segment Benchmark
100.00%
100.00%

PLCY Performance Statistics

0.86
0.92
0.84
0.89
0.43%
MSCI USA IMI

PLCY MSCI ESG Ratings

BBB
5.27 / 10
42.22
45.43
26.50%
4.34%
181.93

PLCY Benchmark Comparison Holdings

99
2426
91
7.63%

PLCY Benchmark Comparison Summary


PLCY
Segment Benchmark
99
2426
$24.89B
$205.15B
27.85
24.01
2.41
3.16
1.41%
1.84%
Low
Low

PLCY Benchmark Comparison Market Cap Size


PLCY
Segment Benchmark
40.65%
82.24%
33.63%
13.33%
24.53%
4.00%
1.19%
0.39%