FIVG launched on March 4, 2019.
Smart driving, smart cities, the Internet of Things – billions of devices connected, coordinating and communicating. 5G is the technology that lies behind these disruptive potential developments. It is set to bring unprecedented connectivity at unparalleled speeds, with very low latency (the time for data to travel between two points). The combined effect of this new technology could support transformations work practices and production in industry, healthcare, transportation and manufacturing, gaming, retail, business and education. At Defiance we launched FIVG to offer the forward-looking next gen investor exposure to the companies propelling the 5G future.
FIVG can be purchased through most self-directed broker dealers, or a financial advisor who you may already be working with.
FIVG’s expense ratio is 0.30%
FIVG is traded on the New York Stock Exchange.
FIVG seeks to track the composition of the BlueStar 5G Communications Index. This is maintained by the BlueStar Indexes company.
FIVG includes US-listed publicly-traded common equity securities of global companies that are involved in the development of, or are otherwise instrumental in the rollout of 5G networks. These securities are part of the following categories: core carrier grade networking equipment including cellular antennas and routers, mobile network operators, satellite-based communications, enhanced mobile broadband chips, new radio technology, wireless network test and optimization equipment, cloud computing equipment, software defined networking or network functions virtualization, fiber optic cables, or cell tower and/or data center real estate investment trusts.
Companies must have a maximum average bid-ask-spread of 1% and a minimum free-float percentage of 10%. Mobile network operators and real estate investment trusts must have a float-adjusted market capitalization of at least $1 billion, all other companies must have a float adjusted market capitalization of at least $150 million USD. In addition, all companies must have a six-month average daily value traded of $250,000 or greater.
Index constituents are reviewed semi-annually for eligibility, and weights are re-set according to a tiered market capitalization weighting strategy. They include the giants propelling the 5G rollout, including Verizon, AT&T, Samsung, Nokia, Ericsson, Qualcomm, Skyworks Solutions, Cisco, Broadcom and Xilinix.