Importantly, USMC has continued growing. As of Dec. 12th, the ETF had $640.2 million in assets under management. USMC is home to 54 stocks.
The mega-cap companies are taken from the top 50th percentile from the Nasdaq U.S. 500 Large Cap Index. As of September 22, the market capitalization range of companies in the index was between approximately $83.9 billion and $784.6 billion.
USMC’s underlying index utilizes a modified equal-dollar weighting methodology where securities in the top 10% of aggregate market capitalization are weighted by market-cap, but the remaining securities are equally weighted and volatility adjusted to give a higher tilt toward those that are more liquid and less volatile.
Top 10 holdings in USMC include Apple Inc. (NASDSQ:AAPL), Johnson & Johnson (NYSE:JNJ), Google parent Alphabet Inc. (NASDAQ:GOOG) and Microsoft Corp. (NASDAQ:MSFT).
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