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ETFs: U.S. Market Neutral Anti-Momentum Fund (NOMO)


U.S. Market Neutral Anti-Momentum Fund

The Fund seeks performance results that correspond to the price and yield performance, before fees and expenses of the Dow Jones U.S. Thematic Market Neutral Anti-Momentum Index. The target index, which is compiled by Dow Jones Indexes, is equal weighted, dollar neutral, sector neutral and is not levered. The index rebalances monthly by identifying the lowest momentum stocks as long positions and highest momentum stocks as short positions, of approximately equal dollar amounts, within each sector.

The Exchange Traded Fund provides investors with the means of seeking the spread return between low and high momentum price stocks within the Dow Jones U.S. Index. A stocks momentum is based on its total return which is a function of price performance and dividend returns over the first twelve of the last thirteen months. Stocks with the lowest returns are low momentum stocks, stocks with the highest returns are highest momentum stocks.

Anti-Momentum investing entails investing in securities that have had below- average returns and shorting securities that have had above-average returns. The performance of the Fund will depend on the difference in the rates of return between long positions and short positions.

Fund Details

Ticker NOMO
CUSIP 351680608
NAV Calculation Time 4:00pm ET
Index Ticker DJTMNAMT
Index Provider Dow Jones Indexes
Marginable YES
Short Selling YES
Exchange NYSE Arca
Inception Date 09/07/2011

Closing Price as of 11/19/2012 4:00 PM

Price NA
Prem/Disc $ 0.00
Prem/Disc % 0.00%

Quick Facts

As of Date 11/19/2012
Previous Close NA
52 Week High NA
52 Week Low NA
Shares Outstanding NA
Fund Net Assets NA

NAV Premium/Discount History

Date Days < -0.5% -0.5% to 0% 0% 0% to 0.5% > 0.5%


The number of days the Fund’s shares traded at a premium or discount noted in the table above was determined based on the midpoint of the bid/ask spread at approximately 4 PM EST.

There is a risk that these securities may be more volatile than a broad cross-section of securities. In addition, there may be periods when the anti-momentum style is out of favor, and during which the investment performance of a fund using a anti-momentum strategy may suffer. Short selling could cause unlimited losses, derivatives could result in losses beyond the amount invested, and the value of an investment in the Fund may fall sharply. Shares are not individually redeemable and can be redeemed only in Creation Units. The market price of shares can be at, below or above the NAV.

Market Price returns are based upon the midpoint of the bid/ask spread at approximately 4:00PM Eastern time (when NAV is normally determined), and do not represent the returns you would receive if you traded shares at other times. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Some performance results reflect expense subsidies and waivers in effect during certain periods. Absent these waivers, results would have been less favorable.

Expense Ratios

Net Expense Ratio*
* FFCM has agreed (i) contractually to waive its management fees and reimburse expenses until November 13, 2017 to the extent necessary to prevent the Fund's net operating expenses (excluding interest, taxes, brokerage commissions and other expenses that are capitalized in accordance with generally accepted accounting principles, dividend, interest and brokerage expenses for short positions, acquired fund fees and expenses, and extraordinary expenses, if any) from exceeding 0.75%

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