The RevenueShares Small Cap Fund™ is comprised of the same constituent securities as the S&P MidCap 600™. However, rather than being ranked by market capitalization, the RevenueShares Small Cap Fund™ employs a patent-pending investment methodology to rank stocks by annual revenue. We believe revenue is an all-inclusive metric that is less prone to manipulation and inherently resists a growth or value bias.
Using a rules-based strategy born of the latest research and applied to traditional market indexes, RevenueShares™ employs the diversification and flexibility of one of the market’s most advantageous investment vehicles—the Exchange Traded Fund. The fund is rebalanced annually. Backtesting is provided by Standard & Poor's®.
RevenueShares Small Cap Index™ returns are historical and reflect the reinvestment of dividends but does not reflect any management fees, transaction costs or other expenses that would be incurred by a portfolio or fund, or brokerage commissions on transactions in Fund shares. Such fees, expenses and commissions could reduce returns. Index returns became publicly available on 03/01/06. Index performance shown prior to this date is based on back-tested data (a hypothetical calculation of how the index would have performed in the past, had it existed). Hypothetical, back-tested performance has inherent limitations and is not indicative of future results.
Fund History (%)
Since Inception
10 Year
5 Year
3 Year
1 Year
YTD
NAV
-3.91
N/A
N/A
N/A
N/A
-3.91
Market Price Return
-4.65
N/A
N/A
N/A
N/A
-4.65
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. For the Fund's most recent month end performance please visit www.revenuesharesetfs.com. Returns less than one year are cumulative. The Fund's advisor has contractually agreed to waive a portion of its fees and/or reimburse expenses to the extent necessary to keep the Fund's expenses from exceeding the net expense ratio. This agreement is in effect until at least one year from the date of the prospectus.
Index Performance As of 09/30/2008
(Growth of $10,000)
Total returns are based on the closing market price. Performance data quoted represents past performance, which is not a guarantee of future results.
Source: Wilshire Associates Variance Analysis Sector Data GICS Sector Analysis.
Calendar Year Return (%)
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
RSSCI™
-4.73
16.90
23.24
23.72
41.81
-12.24
30.48
14.09
-0.43
-3.40
S&P 600
-0.30
15.12
7.68
22.65
38.79
-14.63
6.54
11.80
12.40
-1.31
Additional Index Characteristics
Risk-Return Table (12/31/97 - 9/30/08)
Index
History
RevenueShares
Small Cap Index™
S&P SmallCap 600™
Index
Annualized Return
9.95%
7.55%
Standard Deviation
18.63%
18.21%
Sharpe Ratio
0.34
0.22
Beta
.937
1.00
30-Day SEC Yield
1.20%
1.36%
Average Market Cap (Millions)
1,062
1,187
Zephyr StyleADVISOR
Risk Return (12/31/97 - 9/30/08)
Source: Zephyr StyleADVISOR: CG Philadelphia, PA
One way of measuring risk is to look at standard deviation; this is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected volatility. At the graph above we look at the Risk Return graph displays vs. Standard Deviation as the risk statistic. Allowing you to get a better feel for the risk of the index. Past performance is no indication of future results.
The S&P 600 Index consists of 600 domestic small cap stocks selected for market size, liquidity and industry group representation. RevenueShares Funds™ are not sponsored, endorsed, sold or promoted by Standard & Poor's®. Standard & Poor's makes no representation regarding the advisability of investing in RevenueShares Funds™.
Price to book ratio is the ratio of a stock's latest closing price divided by its book value per share. Book value is the total assets of a company minus total liabilities. Price to earnings ratio is the value of a company's stock price relative to company earnings. Return on equity (ROE) is the rate of investment return a company earns on shareholders' equity. An indicator of profitability, ROE is determined by dividing net income from the past 12 months by shareholders' equity.
The Sharpe Ratio is a measure of the risk-adjusted return of an investment. Standard deviation indicates the volatility of a fund's total return. In general, the higher the standard deviation, the greater the volatility of return. Average market cap is the total dollar market value of all of a company's outstanding shares. Tracking error is the divergence between the price behavior of the Fund or index and the price behavior of a benchmark.
Foreside Fund Services, LLC is the distributor of RevenueShares ETF Trust™
