IBBQ

IBBQ provides exposure to US biotech and pharma companies that are exclusively listed on the NASDAQ Stock Market. The index includes companies classified under the biotechnology or pharmaceuticals sub sector of the Industry Classification Benchmark. Companies from any capitalization may be included, but since weighting is based on market cap, it produces a basket that heavily favors large-caps and concentrates exposure in the top names. Individual holdings are subject to capping requirements, 8% on the five largest constituents and 4% for the remaining. IBBQ may miss opportunities in companies traded on the NYSE, which several of the other similar funds are eligible to hold. The index is rebalanced quarterly and reconstituted annually in December.