|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.
AADR performance & returns
Top 10 Holdings (45.63% of Total Assets)
|NICE Ltd ADR||NICE||6.54%|
|Gold Fields Ltd ADR||GFI.JO||5.86%|
|argenx SE ADR||ARGX||5.52%|
|Anglogold Ashanti Ltd ADR||AU.JO||3.64%|
|TAL Education Group ADR||TAL||3.63%|
|ASML Holding NV ADR||ASML||3.59%|
|ZTO Express (Cayman) Inc ADR||ZTO||3.35%|
|Sibanye Stillwater Ltd ADR||SBSW.JO||3.21%|
|LVMH Moet Hennessy Louis Vuitton SE ADR||LVMUY.PA||3.08%|
AADR prosNone that we could think of.
AADR consNone that we could think of.
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AITEX performance & returns
Top 10 Holdings (26.92% of Total Assets)
|DOUGLAS CNTY COLO SCH DIST NO RE-1 DOUGLAS & ELBERT CNTYS GO REF BDS 2009||N/A||2.99%|
|GARLAND TEX REV REF BDS 2016 B||N/A||2.94%|
|KERR CNTY TEX LTD TAX BDS 2015||N/A||2.69%|
|SOUTH CAROLINA ST GO BDS 2009A||N/A||2.68%|
|MINNESOTA ST GO BDS 2009-A||N/A||2.64%|
|UPPER DUBLIN PA SCH DIST GO BDS 2009||N/A||2.63%|
|WILLIAMSON CNTY TEX PASS THROUGH TOLL REV AND LTD TAX BDS||N/A||2.61%|
|FAIRFAX CNTY VA PUB IMPT BDS 2009A||N/A||2.60%|
|GUILFORD CNTY N C GO PUB IMPT BDS 2009A||N/A||2.59%|
|NEWARK CULTURAL ED FACS FIN CORP TEX REV REF BDS 2016||N/A||2.55%|
The following are AITEX strengths from our perspective:
- Good news: this fund does not have 12b1, front-end or back-end sales fees.
The following are AITEX weaknesses from our perspective:
- AITEX net assets are $23.90 million. This fund is not a popular choice with retail investors.
- AITEX expense ratio is 0.55%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
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