ETF's

 

Recon Capital DAX Germany ETF (NASDAQ: DAX)

Why DAX ?

  • DAX is the only U.S. listed ETF that tracks the DAX ® Index.
  • DAX is fully tradable during U.S. market hours in U.S. Dollars.
  • Provides direct country exposure across a wide array of sectors such as Automotive, Chemicals, Banking, and Industrials.
 

Investment Objective

The Recon Capital DAX Germany ETF (“Fund”) seeks to provide investment results that will closely correspond, before fees and expenses, to the price and yield performance of the DAX® Index.

 

Index Methodology

DAX® is completely rules based and transparent. On the basis of a clear and publicly available set of rules – the guide to the equity indices of Deutsche Börse – the composition of the index is determined in a manner comprehensive to all market participants. In order to qualify for listing,companies have to have their registered office or operational headquarters in Germany or generate a significant proportion of their trading turnover on the FWB® Frankfurt Stock Exchange and have their headquarters in a member state of the EU or EFTA.

The weighting of a share in the index is determined on the basis of market cap of shares in free float. To ensure tradability of the index, the index weighting of an individual share is capped at 10%.

 

Index Description

The DAX Index tracks the segment of the largest and most important companies, known as blue chips, on the German equities market. It contains the shares of the 30 largest and most liquid companies admitted to the FWB Frankfurt Stock Exchange in the Prime Standard segment. The DAX represents about 80% of the aggregated prime standard’s market cap.

The DAX is primarily calculated as a performance index. It is one of the few major country indices that also takes dividend yield into account, thus fully reflecting the actual performance of an investment in the index portfolio

 

Fund Information as of 02/21/2017

Inception Date 10/22/2014
Ticker Symbol DAX
CUSIP 75623U201
Listing Exchange NASDAQ
Gross Expense Ratio 0.45 %
IOPV Symbol DAXIV
NAV Symbol DAX.NV
NAV $ 26.34
Premium Discount ($0.11)
Premium Discount Percentage -0.42%
Volume 3,964
Closing Price $ 26.23
Bid Ask Midpoint $ 26.32
Shares Outstanding 550,000
All Data as-of Date 02/21/2017
 

Underlying Index Information

Index DAX
Index Symbol N/A
Index Provider STOXX Ltd
Index Inception 12/30/1987
No. of Securities 30

Top 10 Holdings as of 02/21/2017

Ticker Company % of Fund
SIEGR SIEMENS AG 9.91 %
BAYNGR BAYER AG 9.03 %
SAPGR SAP SE 8.87 %
BASGR BASF SE 8.19 %
ALVGR ALLIANZ SE 7.63 %
DAIGR DAIMLER AG 7.07 %
DTEGR DEUTSCHE TELEKOM 5.16 %
DPWGR DEUTSCHE POST AG 3.18 %
FREGR FRESENIUS SE&KGAA 3.10 %
MUV2GR MUENCHENER RUECKVE 3.08 %
Download Holdings

Downloadable Links

Prospectus
Annual Report
SAI
Fact Sheet
Monthly Performance
Holdings
XBRL
 

Performance Table

As of 01/31/2017 (Inception 10/23/2014) 1 Month 3 Month YTD 1 Year 3 Year 5 Year Since Inception
DAX (Market Price) 3.43% 6.40% 3.43% 15.77% - - 3.08%
DAX (NAV) 2.91% 6.40% 2.91% 16.01% - - 3.09%
DAX USD Index 1.92% 6.63% 1.92% 17.54% -0.23% 8.08% 4.33%
 

Distribution Schedule

Ex-Dividend Date Record Date Payment Date Payment Amount Distribution Period
    2017
12/20/2017 12/22/2017 12/26/2017 Semi- Annual
06/21/2017 06/23/2017 06/27/2017 Semi- Annual
    2016
    2015
 

Performance data quoted represents past performance, which does not guarantee future results.  Investment return and principal value will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost; and the current performance may be lower or higher than the performance data quoted.  Please call 1-844-RC-FUNDS/ 1-844-723-8637 or visit www.reconfunds.com/DAX

Before you invest in Recon Capital's Funds, please refer to the prospectus for important information about the investment company, including investment objectives, risks, charges and expenses.To obtain a prospectus containing this and other important information, please call 1-844-RC-Funds/1-844-723-8637 or visit investor materials to view or download a prospectus online. Read the prospectus carefully before you invest. There are risks involved with investing including the possible loss of principal. Past performance does not guarantee future results.

Shares are bought and sold at market price (not NAV), are not individually redeemable, and owners of the Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, consisting of 50,000 Shares. Brokerage commissions will reduce returns.

Recon Capital ETFs are distributed by Foreside Fund Services, LLC. Foreside Fund Services, LLC is not affiliated with Recon Capital Advisors, LLC or any of its affiliates.

The Adviser has entered into a license agreement with the Index Provider to use the Index. The Fund is permitted to use the Index pursuant to a sublicense agreement with the Adviser.

This financial instrument is neither sponsored nor promoted, distributed or in any other manner supported by Deutsche Börse AG (the “Licensor”). The Licensor does not give any explicit or implicit warranty or representation, neither regarding the results deriving from the use of the Index and/or the Index Trademark nor regarding the Index value at a certain point in time or on a certain date nor in any other respect. The Index is calculated and published by the Licensor. Nevertheless, as far as admissible under statutory law the Licensor will not be liable vis-à-vis third parties for potential errors in the Index. Moreover, there is no obligation for the Licensor vis-à-vis third parties, including investors, to point out potential errors in the Index.

Neither the publication of the Index by the Licensor nor the granting of a license regarding the Index as well as the Index Trademark for the utilization in connection with the financial instrument or other securities or financial products, which derived from the Index, represents a recommendation by the Licensor for a capital investment or contains in any manner a warranty or opinion by the Licensor with respect to the attractiveness on an investment in this product.

In its capacity as sole owner of all rights to the Index and the Index Trademark the Licensor has solely licensed to the issuer of the financial instrument the utilization of the Index and the Index Trademark as well as any reference to the Index and the Index Trademark in connection with the financial instrument.

 

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