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Posted by
Two Blokes Jul 26 -
Filed in
Stock
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2 views
XTN is comprised of 44 transportation stocks across the entire U.S. total stock market. Its expense ratio is 0.35%, and the ETF has $150 million in assets under management. Its weighting scheme is unique. Often referred to as an equal-weight fund, XTN's Index actually calculates a maximum security weight for each component based on liquidity and size. XTN has much more assigned to the small/micro-cap segments than competitors like IYT and FTXR. With that composition, the logical result is much lower quality, which I could verify.
