Key stats
About DriveWealth NYSE 100 Index ETF
Expense ratio
0.85%
Home page
Inception date
Apr 25, 2023
CETF seeks capital appreciation by tracking an index of the top 100 ETFs based on size, liquidity, and risk-adjusted returns. CETF is not limited to any particular issuer, sector, asset class, and industry group. To be eligible for inclusion, each security must be listed on a US exchange, have at least $100 million in AUM, daily average volume above $3 million over the trailing three-month period. and does not track the index itself. Excluded from the selection universe are ETNs, ETF-of-ETFs, single-stock ETFs, and inverse/leveraged ETFs. All eligible securities are then ranked based on risk-adjusted returns, which takes into consideration uses criteria of fees, 3-month total return, and volatility over the previous quarter. The top 100 ETFs are then selected and equally weighted in the index. The index is reconstituted and rebalanced quarterly. Since this is an ETF-of-ETFs, each subject to separate expense ratios, investors should review the total all in costs. Prior to November 3, 2023, the fund was named DriveWealth ICE 100 Index ETF and tracked the DriveWealth ICE 100 Index.
Classification
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF98.89%
Mutual fund1.03%
Cash0.08%