Aging of America 7 ER Index

The Motif Capital Aging of America 7 ER Index (the “Index”):

  • Provides exposure to stocks of certain companies concentrated in the healthcare and real estate sectors that may benefit from the long-term demographic shift towards an older population in the United States
  • Is calculated on an excess return basis by measuring the extent to which (a) the stocks and any money market position outperform (b) 3-month USD LIBOR plus 0.75% per annum (accruing daily)
    • The money market position reflects the returns accruing on a hypothetical cash investment in a notional money market account denominated in U.S. dollars that accrues interest at the notional interest rate, which is equal to 3-month USD LIBOR.
  • Applies a daily volatility control:
    • Volatility cap: 7%. It is measured on a daily basis by calculating the realized volatility of the stocks for a 20 index business day look back period. The Index is rebalanced by ratably reallocating all or a portion of the exposure to the stocks in the Index to the money market position sufficient to reduce the realized volatility for such period to the volatility cap.

Top Constituents

As of September 29, 2017

Company NameSegmentsTicker
Money Market PositionNot Applicable
Johnson & JohnsonOrthopedic CareJNJ
Amgen IncCancer TreatmentAMGN
Celgene CorpCancer TreatmentCELG
Novartis Ag-AdrCancer TreatmentNVS
Unitedhealth Group IncMedicare InsurersUNH
Abbvie IncOrthopedic CareABBV
Novo-Nordisk A/S-Spons AdrDiabetes CareNVO
Bristol-Myers Squibb CoCancer TreatmentBMY
Pfizer IncCardiovascular CarePFE

An investment in the companies identified by the National Defense theme or in financial products linked to such theme should only be made after a review of such companies or products, including a review of the risks associated with such companies or products.

Index Return

Aging of America 7 ER Index

Base Date: June 1, 2016, return data prior to June 1, 2016 for the Index is based on hypothetical performance data derived using the Index rules as of June 1, 2016, but applied retroactively using historical stock and money market position levels. You should not take the hypothetical return data of the Index as an indication of the future performance of the Index. Past performance is no guarantee of future results and may be lower or higher than current performance. Investing in financial products involves risks to be considered prior to making any investment decision. An investment in a financial product linked to the Index should only be made after a review of companies included in the Index and such financial product linked to the Index, including a review of the risks associated with such companies or product. Past performance is no guarantee of future results.

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