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AADR vs ABYAX
AADR is an ETF, whereas ABYAX is a mutual fund. AADR has a higher 5-year return than ABYAX (0.72% vs -0.28%). AADR has a lower expense ratio than ABYAX (1.1% vs 2.04%). Below is the comparison between AADR and ABYAX.
|Security Type||ETF||Mutual fund|
|Segment||Equity: Global Ex-U.S. - Total Market Growth||N/A|
|Management Style||passive (index-based)||passive|
The Fund seeks long-term capital appreciation above international benchmarks such as the MSCI EAFE Index and the BNY Mellon Classic ADR Index. The Fund selects a portfolio of U.S. traded securities of non-U.S. organizations, most often American Depositary Receipts (ADRs), included in the BNY Mellon Classic ADR Index.
Top 10 Holdings (38.23% of Total Assets)
|Galapagos NV ADR||GLPG||5.47%|
|NICE Ltd ADR||NICE||5.06%|
|argenx SE ADR||ARGX||3.79%|
|WNS (Holdings) Ltd ADR||WNS||3.48%|
|Gold Fields Ltd ADR||GFI.JO||3.43%|
|TAL Education Group ADR||TAL||3.2%|
|Anglogold Ashanti Ltd ADR||AU.JO||2.96%|
The Fund seeks seeks long-term capital appreciation with current income as a secondary objective. The Fund will allocate its assets between a Managed Futures Strategy (invest 25% of its net assets in the Abbey Capital Offshore Fund Ltd.) and a Fixed Income Strategy (invest in investment-grade fixed income securities).
Top 10 Holdings (94.82% of Total Assets)
|US Treasury Bond Future June 20||ZBM0||22.04%|
|10 Year Treasury Note Future June 20||ZNM0||21.61%|
|London Gilt 10-Yr Jun-20||N/A||17.19%|
|5 Year Treasury Note Future June 20||ZFM0||10.77%|
|Euro Bund 10-Yr Mar-20||N/A||7.59%|
|Euro-Oat French Govt Bond 10-Yr Mar-20||N/A||5.51%|
|Euro Bobl Future June 20||FGBMM0||5.13%|
|United States Treasury Bills||N/A||4.98%|