The model will identify 25 components each Wednesday to include in the index through the following Tuesday.
The new ETF “provides investors with the opportunity to achieve alpha, that is, the potential to outperform the S&P 500,” according to VolShares.
Current top holdings include Extra Space Storage 4.2%, News Corp 4.1%, McDonald’s 4.1%, Ulta Beauty 4.1% and Digital Realty 4.1%.
For more information on new fund products, visit our new ETFs category.