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For answers to the most commonly asked questions about RevenueShares™ - such as why we weight our indexes by revenue, information about Exchange Traded Funds (ETFs) and the benefits of indexing—click on the above link.
Tax Efficiency. Liquidity. Transparency. Low turnover. Lower cost vs. most managed Index funds. Adaptability. RevenueShares™ funds retain many of the benefits of traditional indexing but with historically higher long term returns vs. traditional market cap weighted products. RevenueShares™ indexes are rules-based and anchored in academic research. Why use Revenue? Because every company reports a "top line" figure, revenue is a difficult fundamental to manipulate and ensures broad exposure and applicability to the market. The revenue concept is well defined throughout the industry. Back tested data (a hypothetical calculation of how an Index would have performed in the past had it existed) indicates that long term returns have been higher and volatility historically lower when an index is revenue weighted. Backtested performance data is hypothetical and not representative of actual performance. Why not use some other fundamental, such as dividend? Many successful companies don't pay dividends and, as such, would be excluded from the portfolio to the detriment of the investor. Dividends are more easily manipulated with "creative accounting" or corporate malfeasance. Other fundamentals, such as employment statistics, income and book, are less reliable and can create a growth or value bias. What is an index? An index is a statistical measure of the changes in a portfolio of stocks representing a portion of the overall market. Indexes are often used to track the performance of the stock market and to create a benchmark. Ideally, a change in the price of an index represents an exactly proportional change in the stocks included in the index. What are the Standard & Poor's® indexes? The S&P® indexes are broad market stock groupings designed to measure a broad range of companies in the U.S. economy. Each of its three indexes is based on the size of the companies it includes. The stocks included the respective S&P® indexes are then ranked by market capitalization. For the past 30 years, the S&P® indexes have outperformed most active managers. How liquid are my RevenueShares™? ETFs can be redeemed anytime the market is open for trading. There is no limit to the holding period for an ETF. Although liquid, ETFs fluctuate in value and as such there can be no guarantee against loss of capital. How diverse are my RevenueShares™? RevenueShares™ indexes and ETFs include the identical holdings as the indexes they are modeled after. Because all companies report “top line” figures, no company is excluded from the RevenueShares™ Indexes. Why Index? Indexing provides broad exposure to the market, mitigating risk. For the past 30 years, index funds have outperformed most active managers. Other benefits of indexing typically include lower transaction costs and operating expenses and increased transparency. What are Exchange Traded Funds or ETFs? ETFs are index funds that are traded like individual stocks on all of the major exchanges. They represent the fastest growing investment vehicle in the world marketplace. What are the benefits of an ETF? Investors can buy and sell ETFs with the same ease of use they would enjoy with an individual stock. Yet they are exposed to a broad spectrum of securities. Investors are also free to employ stock trading techniques such as short sales, margin purchases, stop orders and limit orders. What is RevenueShares™ Investor Services? RevenueShares™ Investor Services provides marketing assistance and advisor support for RevenueShares ETFs™. The company is based in Paoli, PA and has an experienced team throughout the country. Who are RevenueShares'™ partners? RevenueShares™ Investor Services provides marketing assistance and advisor support for RevenueShares™. Foreside Fund Services, LLC is the distributor of the RevenueShares ETF Trust. RevenueShares™ is advised by VTL Associates. Sub-advisement is provided by the Bank of New York/Mellon, which oversees day-to-day investing services and activities. Standard & Poor's® and Navellier & associates conducts yearly (or quarterly)rebalancing as well as backtesting. How often is the portfolio rebalanced? Annually. The RevenueShares™ indexes are rebalanced each year using data available from the September financial reports. Weights are based on the trailing four quarters of revenue for each company. A new stock in the index retains the old company's rank until the next rebalancing period. The Navellier Overall A-100 Index and the S&P® ADR Index are re-balanced quarterly. Are there any dividend distributions? Any available dividends are paid quarterly. Is there any active management in my RevenueShares™? No. Can I see what is in the portfolio? Of course. Our web site contains complete RevenueShares™ portfolio information. How do I invest in an ETF portfolio? Investors can buy and sell an ETF the same way they would an individual stock. How do I sell ETFs? The same way you would an individual stock, typically through a brokerage account. But with an ETF, purchases can also be made using market orders, limit orders, stop orders or day orders. ETFs can also be short sold. What are the risks involved? RevenueShares™ are made up of publicly traded companies, the value of which can increase or decrease with market fluctuations. RevenueShares™ represents a broad spectrum of companies, like many index funds. There are risks associated with any form of investing, including the loss of money. The investment return and principal value of an investment in RevenueShares™ can rise and fall so that shares, when sold, may be worth more or less than their original cost. An investment in RevenueShares™ is not guaranteed by the FDIC®, or any government agency or bank. Investors may buy or sell shares in RevenueShares™ any time that the market is open for business. Individual brokerage fees vary. Please read the prospectus for a more thorough accounting of the risks associated with RevenueShares™. |
Before investing you should carefully consider the Funds' investment objectives, risks, charges and expenses. This and other information is in the prospectus which can be obtained within this site. Please read the prospectus carefully before you invest. Foreside Fund Services, LLC, Distributor.
An investment in the Funds is subject to investment risk, including the possible loss of principal amount invested. Fund returns may not match the return of their respective Index, known as non-correlation risk, due to operating expenses incurred by the Fund. The alternative weighting approach employed by the Fund (i.e., using revenues as a weighting measure), while designed to enhance potential returns, may not produce the desired results. The risks associated with each specific fund are detailed in the prospectus and could include factors such as increased volatility risk, small and medium capitalization stock risk, concentration risk, non-diversification risk, financials sector risk, American Depositary Receipt risk, currency exchange risk, foreign market risk, growth style investing risk, portfolio turnover risk, and/or special risks of exchange-traded funds.
The Fund's per share net asset value or "NAV" is the value of one share of the Fund as calculated in accordance with the standard formula for valuing mutual fund shares. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market return ("Market Price" or "MP") is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the Fund are listed for trading when the fund's NAV is calculated at market close. On 2/22/2008 and 3/31/2008 for RWL and 3/31/2008 for RWJ, the last trade price was used to calculate market return because 4PM midpoint bid/ask prices are not available on those dates. On 9/30/2008, the last trade price for RWL was used to calculate market return because an uncorrected, failed trade resulted in an incorrect 4PM midpoint bid/ask price on that date. Market and NAV returns assume that dividends and capital gain distributions have been reinvested in the Fund at Market Price and NAV, respectively. Returns less than one year are cumulative.
Standard & Poor's® is a registered trademark of the McGraw-Hill Company, Inc. and has been licensed for use by VTL Associates, LLC, fund advisor. RevenueShares™ Indexes are not sponsored, endorsed, sold or promoted by Standard & Poor's®, a division of The McGraw-Hill Companies, Inc. Standard & Poor's® makes no representation regarding the advisability of investing in RevenueShares™ Indexes.
This website should not be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Nothing on this website is intended to be investment, tax, financial or legal advice.
Investment products offered are: Not FDIC Insured • No Bank Guarantee • May Lose Value
View the Legal Notice
© 2010 RevenueShares™ Investor Services, a division of Pacer Financial, Inc.
An investment in the Funds is subject to investment risk, including the possible loss of principal amount invested. Fund returns may not match the return of their respective Index, known as non-correlation risk, due to operating expenses incurred by the Fund. The alternative weighting approach employed by the Fund (i.e., using revenues as a weighting measure), while designed to enhance potential returns, may not produce the desired results. The risks associated with each specific fund are detailed in the prospectus and could include factors such as increased volatility risk, small and medium capitalization stock risk, concentration risk, non-diversification risk, financials sector risk, American Depositary Receipt risk, currency exchange risk, foreign market risk, growth style investing risk, portfolio turnover risk, and/or special risks of exchange-traded funds.
The Fund's per share net asset value or "NAV" is the value of one share of the Fund as calculated in accordance with the standard formula for valuing mutual fund shares. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market return ("Market Price" or "MP") is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the Fund are listed for trading when the fund's NAV is calculated at market close. On 2/22/2008 and 3/31/2008 for RWL and 3/31/2008 for RWJ, the last trade price was used to calculate market return because 4PM midpoint bid/ask prices are not available on those dates. On 9/30/2008, the last trade price for RWL was used to calculate market return because an uncorrected, failed trade resulted in an incorrect 4PM midpoint bid/ask price on that date. Market and NAV returns assume that dividends and capital gain distributions have been reinvested in the Fund at Market Price and NAV, respectively. Returns less than one year are cumulative.
Standard & Poor's® is a registered trademark of the McGraw-Hill Company, Inc. and has been licensed for use by VTL Associates, LLC, fund advisor. RevenueShares™ Indexes are not sponsored, endorsed, sold or promoted by Standard & Poor's®, a division of The McGraw-Hill Companies, Inc. Standard & Poor's® makes no representation regarding the advisability of investing in RevenueShares™ Indexes.
This website should not be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Nothing on this website is intended to be investment, tax, financial or legal advice.
Investment products offered are: Not FDIC Insured • No Bank Guarantee • May Lose Value
View the Legal Notice
© 2010 RevenueShares™ Investor Services, a division of Pacer Financial, Inc.