NDIV

NDIV offers a dividend-skewed take on the natural resources industry. Starting with a broad universe of dividend-paying US-listed equities and ADRs, the index screens for companies that: 1) derive more than 50% of their revenues in one of the following natural resource, commodity-related industries: energy (oil, gas & consumable fuels), chemicals, agriculture, precious and industrial metals and mining, paper products, and timber, 2) have a market-cap of at least $5 billion, 3) have an average daily traded value of at least $2 million over the last six months, and 4) have an indicated dividend yield of at least 3% annually. The index excludes companies domiciled in Russia. All securities that meet the eligibility screens are selected for inclusion and are weighted according to their indicated dividend yield. Single security weights are capped at 5%. The fund typically holds a narrow portfolio of 40 to 60 securities. The index reconstitutes and rebalances quarterly.