The ownership factor requires a company meet predetermined criteria regarding ownership among all key investors and stakeholders, such as the absolute and relative ownership levels of the top ten stakeholders of a company as compared to predetermined benchmarks.
The profitability screen requires a company meet predetermined criteria regarding net income over a static threshold, including the net income of a company as compared to predetermined benchmarks.
Lastly, company statistics refers to a company meeting predetermined criteria regarding the corporate structure, and other company statistics, such as a company must have certain set characteristics within its corporate structure as compared to other companies.
Due to its indexing methodology, the fund has higher concentration in consumer discretionary, information technology and healthcare.
For more information on the markets, visit our current affairs category.