ETF Quote Details
|NAV (month end)||17.05|
|Premium (+)/Discount (-) (month end)||-0.40|
Zacks Premium Research for FRN
|Zacks ETF Rank [?]||Not rated 0|
|ETF Risk [?]||NA|
|ETF Research Report|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
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ETF Expense Ratio
|Dividend (Yield)||$0.61 (3.54%)|
This Index tracks the performance of depositary receipts, in ADR or GDR form, that trade on the LSE, NYSE, NYSE Amex and Nasdaq Stock Market of companies from countries that are defined as the Frontier Market which based upon an evaluation of gross domestic product growth, per capita income growth, experienced and expected inflation rates, privatization of infrastructure & social inequalities.
FRN seeks investment results that correspond generally to the performance, before the Fund?s fees and expenses, of BNY Mellon New Frontier DR Index. The Fund will invest at least 80% of its total assets in ADRs and GDRs that comprise the Index.