TRFM

TRFM holds equities of US-listed companies, including ADRs, that are positioned to benefit from a significant disruption or transformation of consumer behavior and technological innovation. Exposure includes autonomous driving and electric vehicles, digital economy, 5G, low-carbon technologies, and renewable energy. Aside from meeting a minimum market capitalization of $2 billion, an eligible company must typically have at least five analyst recommendations and a consensus analyst rating above 3.0. The index selects securities based on quantitative factors that indicate thematic exposure through R&D spending. The resulting portfolio is weighted into five tiers, categorized by market capitalization and domicile, with securities weighted equally within each tier. About 20% of the portfolio is allocated to US-based companies with over $100 billion in market capitalization. In aggregate, US-based companies are assigned 75% portfolio weight. The index is reconstituted quarterly.