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EQM Pinnacle Focused Equity Index

PINNACLE FOCUSED OPPORTUNITIES INDEX

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The index selection process selects equities for the selection pool that meet the following conditions as determined by the Index Provider.  Securities are selected based on the following criteria:

  • From an initial stock selection universe comprised of the largest 1,000 U.S. equities listed on a major U.S. equity exchange, the EQM Pinnacle Focused Opportunities Index (FCUSIDX) will be positioned on the first day of the month (based on either positive or negative market signals determined by Pinnacle’s Market Risk Algorithms) as follows:

    ● Positive market signals: The index will be comprised of the top 30 Pinnacle Model stocks, with the top 10 stocks receiving a weight of 4.25% each, the next 10 stocks receiving a weighting of 3.25%, and the next 10 stocks receiving a weight of 2.5%.

    ● Negative market signals: The index will be comprised of a combination of U.S. Treasury bond ETF’s and the top 30 Pinnacle Model stocks, with the weighting based on Pinnacle’s market risk algorithms.  If one of Pinnacle’s market risk algorithms is negative, the allocation to U.S. Treasury bond ETF’s will be 25%; if both of the Pinnacle market risk algorithms are negative, the allocation to U.S. Treasury bond ETF’s will be 50%.  The specific U.S. Treasury bond ETF’s used will be determined by Pinnacle’s interest rate signal.

The daily price and return of the EQM Pinnacle Focused Opportunities Index (FCUSIDX) is calculated and published by Solactive AG.

The EQM Pinnacle Opportunities Equity Index is a passively managed index. It is not possible to invest in an index. For more information on the ETF tracking this index click here.

Quotes for the EQM Pinnacle Opportunities Equity Index can be found each day under the symbol FCUSIDX on Bloomberg, on Reuters as .FCUSIDX and from other financial data providers.

 

The company did not meet the selection criteria when the index was last reconstituted. Companies that now meet index selection criteria will become candidates for inclusion at the next reconstitution date.

Eligible initial public offerings are eligible for inclusion on the index’s next scheduled quarterly reconstitution date.

 

If an index component’s stock is discontinued due to a merger or acquisition, the index committee may, at its sole discretion, replace the discontinued component at the time of discontinuation if more than 30 calendar days remain until the next reconstitution date.  The discontinued component will either be deleted entirely or be replaced with the next eligible security from a reserve list.  The replacement will be given the appropriate weighting given the securities country of domicile. If there are not more than 30 calendar days remaining until the next reconstitution date, the index committee will wait until the next reconstitution date to make the replacement.  In this scenario, any funds received from the discontinued security will be distributed to the remaining index components pro rata.

The index is rebalanced monthly on the first business day or on an intra-month basis if the Market Risk Signal changes.

Index weights are determined based on a combination of Pinnacle’s market signal and stock selection models.