XDIV

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

XDIV Fund Description

XDIV holds long S&P 500 futures contracts and sells S&P 500 Dividends futures contracts to track the price return of the S&P 500 index. The fund matures in December 2027.

XDIV Factset Analytics Insight

XDIV tracks the price return of the S&P 500 index, excluding any dividends paid by the underlying stocks. To accomplish this, the fund holds long positions in S&P 500 futures contracts and shorts S&P 500 Dividend futures contracts. The long contracts are rolled quarterly, generating either negative or positive roll yield and subjecting the fund to the effects of contango and backwardation. The short positions—one for each year through 2027—were entered when the fund launched, and are held to expiration. Annual dividends are paid to the clearinghouse. In effect, XDIV’s NAV reflects a discount equal to the present value of expected future dividends on the S&P 500. The short positions will decrease in value when dividend expectations increase, and vice versa.XDIV matures in December of 2027, at which point investors will receive cash equal to the NAV. Since XDIV is structured as a commodity pool, investors can expect to receive a K1 at tax time.

XDIV CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 08/15/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
XDIV -5.87% 0.89% 17.00% 2.27% -- -- --
XDIV (NAV) -5.78% 0.90% 17.01% 3.27% -- -- --
MSCI USA Large Cap Index -5.33% 0.52% 15.05% 3.49% 11.73% 10.29% 13.28%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

XDIV Summary Data

Metaurus
02/05/18
Commodities Pool
0.56%
$23.32M
$229.28K
0.56%

XDIV Portfolio Data

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N/A
4

XDIV Index Data

Solactive U.S. Ex-Dividends Index – Series 2027
Market Cap
Committee
MSCI USA Large Cap Index

XDIV Portfolio Management

0.56%
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XDIV Tax Exposures

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No distributions
Yes

XDIV Fund Structure

Commodities Pool
No
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N/A / N/A
N/A
N/A
High
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

XDIV Factset Analytics Block Liquidity

As of 08/16/19
5
4
3
2
1

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

XDIV Tradability

3,766
$229.28K
100
$6.07K
0.56%
$0.33
-0.15%
5.19% / -2.88%
None
100.00%
50,000
0.00
0.01%
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$58.48
N/A

XDIV TOP 10 HOLDINGS

61.65%
47.47%
2.47%
-11.59%
100%

XDIV Countries


XDIV
Segment Benchmark
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100.00%

XDIV Regions


XDIV
Segment Benchmark
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100.00%

XDIV Economic Development


XDIV
Segment Benchmark
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100.00%

XDIV Performance Statistics

0.95
1.15
1.19
1.12
0.32%
MSCI USA Large Cap Index

XDIV BENCHMARK COMPARISON HOLDINGS

4
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XDIV BENCHMARK COMPARISON SUMMARY


XDIV
Segment Benchmark
4
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XDIV BENCHMARK COMPARISON MARKET CAP SIZE


XDIV
Segment Benchmark
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