Base Date: December 31, 2007
No. of Components: 300
Minimum Market Cap: USD $200 million
Minimum Daily Avg. Liquidity: USD $2 million
Sector Limit: 20% (60 companies)
Geographic Exposure: Emerging Market Economies as classified by the International Monetary Fund (IMF, World Economic Outlook Database)
Rebalance Frequency: Semi-annual
Underlying Universe: Companies domiciled in emerging market economies, whose countries meet MarketGrader’s eligibility criteria.
All index components are selected based on their overall MarketGrader Grade. Built on a scale between 0 and 100, our Overall Grade is based on our 24 fundamental indicators, which are broken down into four analytical categories: Growth, Value, Profitability and Cash Flow. All of our indicators and our overall grades are calculated daily for all companies under coverage.
All index constituents are equally weighted every time the index is rebalanced. No weight modifications or adjustments are made to the portfolio between rebalance periods.
All index constituents must have a minimum total market cap of USD $200 million and a minimum 3-month daily traded value of USD $2 million. At least 25% of all index components must have a market cap of at least USD $3 billion.
No more than 20% of the index (20 companies) may belong to the same economic sector. No more than 20% of the index (60 companies) may be domiciled in the same country.
The index is rebalanced twice a year, on the third Friday of March and September.
The MarketGrader Emerging Markets 300 Index seeks to follow the most fundamentally sound companies with the best growth prospects in all of the emerging world. Since its constituents are equally weighted the index gives each company an equal opportunity to contribute to the performance of the portfolio regardless of market size, sector or business model. It was designed to offer investors who follow market cap weighted benchmarks an alternative way to capture the growth of the emerging world’s economies—the fastest growing in the world—and to complement our other broad, core indexes that provide exposure to the developed markets, including the U.S., as a means to build a comprehensive, truly global equity portfolio.
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