MSCI utilizes a sort of optimized-based method, which accounts for volatility and correlation effects, as opposed to simpler methods that rank components based on levels of volatility.

SMMV’s top holdings include Teleflex (NYSE: TFX) 1.5%, Jack Henry & Associates (NasdaqGS: JKHY) 1.5%, Post Properties (NYSE: PPS) 1.2%, Validus Holdings (NYSE: VR) 1.2% and Royal Gold (NasdaqGS: RGLD) 1.1%.

Sector weights include financials 17.6%, healthcare 14.6%, real estate 13.8%, consumer discretionary 11.8%, information technology 11.1%, industrials 10.5%, consumer staples 8.4%, utilities 8.4%, materials 3.1% and telecom 0.6%.

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