Related: Deutsche Bank Subsidiary Launches ESG Money Market Fund
USMC’s largest sector allocation is 18.67% to healthcare followed by 18.50% to technology. Apple Inc. (NASDAQ: AAPL) is the ETF’s largest individual component at 4.25%.
USMC charges just 0.12% per year, or $12 on a $10,000 investment, putting the fund at the lower end of the smart beta fee spectrum. The ETF is up 6.30% year-to-date.
For more on smart beta ETFs, visit our Smart Beta Channel.