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DriveWealth ICE 100 Index ETF (CETF)

DriveWealth ICE 100 Index ETF (CETF)

Minimum Investment
Nil
Unit Price (NAV)
$25.08

About the Fund
The DriveWealth ICE 100 Index ETF seeks to provide investment results that, before fees and expenses, track the performance of the DriveWealth ICE 100 Index (the 'Index'). The DriveWealth ICE 100 Index ETF is a rules-based, equal-weighted index that tracks the performance of U.S.-listed Exchange Traded Funds (ETFs). The Index selects the 100 top ETFs based on a methodology that ranks eligible funds according to size, liquidity and risk-adjusted return.
Why this Fund ?download-icon
1.Given the current investing environment, Stockal has seen a rising need for broad-based US market access. DriveWealth ICE 100 Index ETF (CETF) does just that. The Index selects the 100 top ETFs based on a methodology that ranks eligible funds according to size, liquidity and risk-adjusted return. The top ETFs could cover multiple sectors and themes and could be geographically diverse as long as they fulfill the funds investment objectives.
2.The DriveWealth ICE 100 Index tracks the performance of all U.S.-listed Exchange Traded Funds (ETFs) across all issuers, sectors, asset classes and industry groups, and selects the 100 top ETFs based on a methodology that ranks eligible funds according to size, liquidity and risk-adjusted return. The Index undergoes a full reconstitution of constituent holdings quarterly.
3.The DriveWealth ICE 100 Index will have an equal weighting of all 100 constituents at the beginning of every quarter when the fund will be rebalanced and reconstituted. Index selection will include the new constituents based on the momentum-based methodology. Eligible ETFs will be ranked and assessed based on the criteria of fees, total return over the past quarter, and volatility over the previous quarter.

ETF from Drive Advisory

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DriveAdvisory, LLC was established in 2022 as a RIC (Registered Investment Corporation) with the explicit mission to offer not only to the world, but particularly to DriveWealth Broker Dealer Partners, a series of ETFs (Exchange Traded Funds). DriveAdvisory has collaborated with The Intercontinental Exchange, ICE, to leverage momentum methodology that ranks ETF sectors and indices, the ICE DriveWealth Indices.

ETF from Drive Advisory

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quote-img
DriveAdvisory, LLC was established in 2022 as a RIC (Registered Investment Corporation) with the explicit mission to offer not only to the world, but particularly to DriveWealth Broker Dealer Partners, a series of ETFs (Exchange Traded Funds). DriveAdvisory has collaborated with The Intercontinental Exchange, ICE, to leverage momentum methodology that ranks ETF sectors and indices, the ICE DriveWealth Indices.
Scheme Details
Launch Date25th April 2023
No. of Holdings100
Minimum InvestmentNil
Lock-up PeriodNil
Management Fee0.50%
Gross Expense Ratio0.85%
Brokerage CommissionBuy - 1.5%
Redemption FeeNo Redemption Fee

Put your money to work.

Obtain the prospectus at https://www.drivewealth.com/wp-content/uploads/2023/04/DriveWealth_ICE_100_Index_ETF_Prospectus_Q2.pdf. Before investing carefully consider the Fund's investment objective, risks, charges, and expenses contained in the prospectus. Read carefully.

ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. NAV Returns are calculated using the daily 4:30 pm net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.

Important Risks

Investing involves risks including possible loss of principal. There is no guarantee the fund will achieve its investment objective. The Fund will primarily invest in other ETFs and will be subject to the underlying risks of those respective funds. Equity securities are subject to changes in value, and their values may be more volatile than those of other asset classes. To the extent the Fund does not fully replicate the Index, it is subject to the risk that the investment strategy of the Fund's investment adviser may not produce the intended results.

The is no guarantee the Fund's investment strategy will be successful. In managing the Fund's portfolio, the investment adviser engages one or more sub-advisers to make investment decisions for a portion of or the entire portfolio. There is a risk that the investment adviser may be unable to identify and retain sub-advisers that achieve superior investment returns relative to other similar sub-advisers.

Foreside Fund Services acts as the distributor to the DriveWealth ICE 100 Index ETF and is not affiliated with Borderless Investing Inc, DriveWealth LLC, BlackOak Investors LP, ACR Group, or other entities referenced on this website.