VTRNIX

VETERANS SELECT INDEX

PERFORMANCE HISTORY

PERFORMANCE SNAPSHOT

SINCE INCEPTION RISK VALUES

INDEX ANNUALIZED RETURN STANDARD DEVIATION CORRELATION TO S&P 500 BETA TO S&P 500 SHARPE RATIO
VTRNIX 13.44% 16.97% 92.53% 0.90 0.779
S&P 500 13.75% 17.46% 100.0% 1.00 0.775

INDEX DESCRIPTION

INDEX DESCRIPTION

VETERANS SELECT INDEX

The Veterans Select Index designed by VETS Indexes LLC measures the performance of publicly traded companies that support U.S. military veterans through employment. Companies are selected from an eligible universe of companies maintained by VETS Indexes LLC and populated from a variety of sources, including annual rankings, survey and recognition programs considered representative by the VETS Index Committee. The VETS Indexes eligible universe leverages various selection criteria, such as company culture, policies and reservist accommodations to identify companies most supportive of military veterans, service members and their families through the creation of employment opportunities and development of employment policies.

INDEX FACTS

INDEX FACTS

Current Number of Constituents     68
Strategy Equal-Weighted
Exchange Symbol/Ticker VTRNIX
Review Frequency Rebalanced quarterly after the close of trading on third Friday of March, June, September, and December.

Reconstituted annually after the close of trading on the third Friday of September.

Calculation Frequency Daily
Currency USD

INVESTMENT THESIS

Military veterans represent uniquely valuable human resources, bringing soft skills – including teamwork, problem solving, and resiliency – in addition to military-grade technical training in engineering, logistics, IT, and other critical fields. Veterans have founded and led many of the country’s most successful companies.

But some companies have been quicker than others to recognize the value of veterans. And some prove to be better at implementing policies and practices that lead to successfully recruiting, retaining, developing, and promoting veterans. This is what VETS’ survey data and analysis measures.

VETS Indexes is based on the premise that the companies that make the best use of this highly talented but under-valued talent pool will see a benefit in their bottom lines. The results so far have emphatically confirmed our thesis.

SECTOR CLASSIFICATIONS (% Weights)

All data on page as of 3/28/2024
INDEX CONSTITUENTS & WEIGHTINGS

Ticker Company Name Weight
ACN Accenture Ltd. 1.31%
ACM AECOM Technology Corp. 1.56%
ALL Allstate Corp. 1.53%
AMZN Amazon.com Inc. 1.44%
ARCB Arcbest Corp 1.41%
T AT&T Inc. 1.47%
BAC Bk Of America Corp 1.55%
BA Boeing Co. 1.34%
BAH Booz Allen Hamilton Hldg Cor 1.42%
BF/B Brown-Forman Corp. 1.21%
CACI CACI International Inc. 1.43%
COF Capital One Financial Corp. 1.53%
CDW CDW Corp 1.47%
SCHW Charles Schwab Corp. 1.53%
C Citigroup Inc. 1.61%
CMS CMS Energy Corp. 1.49%
CMCSA Comcast Corp. 1.43%
ED Consolidated Edison Inc. 1.47%
CEG Constellation Energy Corp 1.55%
GLW Corning Inc. 1.44%
CVS CVS Health Corp. 1.51%
DVA DaVita Inc. 1.54%
D Dominion Energyinc 1.45%
EMN Eastman Chemical Co. 1.61%
ETN Eaton Corp Plc 1.53%
EXC Exelon Corp. 1.48%
FI Fiserv Inc. 1.51%
FOXA Fox Corp 1.48%
GEHC GE Healthcare Technologies Inc. 1.41%
GD General Dynamics Corp. 1.46%
GE General Electric Co 1.58%
GM General Motors Co. 1.56%
HLT Hilton Worldwide Hldgs Inc 1.47%
HD Home Depot Inc. 1.42%
HRL Hormel Foods Corp. 1.40%
HUM Humana Inc. 1.40%
IBM International Business Machines Corp. 1.46%
JBHT J.B. Hunt Transport Services Inc. 1.36%
J Jacobs Engineering Group Inc. 1.48%
JNJ Johnson & Johnson 1.38%
JPM JPMorgan Chase & Co. 1.52%
K Kellanova 1.47%
LDOS Leidos Holdings Inc. 1.45%
LMT Lockheed Martin Corp. 1.50%
LOW Lowe’s Cos. 1.49%
MMC Marsh & McLennan Cos. 1.44%
MRK Merck & Co. Inc. 1.47%
NOC Northrop Grumman Corp. 1.47%
NVDA NVIDIA Corp. 1.61%
ORCL Oracle Corp. 1.59%
OSK Oshkosh Corp. 1.59%
PEP PepsiCo Inc. 1.50%
PCG PG&E Corp. 1.42%
PGR Progressive Corp. 1.54%
PRU Prudential Financial Inc. 1.52%
RTX RTX Corporation 1.54%
SO Southern Co. 1.51%
LUV Southwest Airlines Co. 1.20%
TRV Travelers Cos. Inc. 1.47%
USB U.S. Bancorp 1.50%
UNP Union Pacific Corp. 1.37%
URI United Rentals Inc. 1.47%
VZ Verizon Communications Inc. 1.48%
WMT Walmart Inc. 1.45%
WM Waste Management Inc. 1.46%
WH Wyndham Hotels & Resorts Inc 1.42%
XEL Xcel Energy Inc. 1.44%
XPO XPO Inc. 1.43%

Data, assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. VETS INDEXES LLC (“VETS”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively VETS Parties) do not guarantee to the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and VETS Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. VETS PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall VETS Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

VETS statements are opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. This information should not be relied on when making any investment or other business decision. VETS data, visualizations, opinions and analyses do not address the suitability of any security. VETS does not act as a fiduciary or an investment advisor. While VETS has obtained information from sources they believe to be reliable, VETS does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. VETS keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of VETS may have information that is not available to other VETS business units. VETS has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process. VETS may receive compensation for its ratings, data, visualizations and certain analyses. VETS reserves the right to disseminate its opinions and analyses.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.

The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments or strategies to you nor is it considered to be investment advice. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.