Key stats
About Virtus Terranova US Quality Momentum ETF
Home page
Inception date
Nov 17, 2020
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Virtus Advisers LLC
Distributor
VP Distributors LLC
ISIN
US92790A5048
JOET tracks the Terranova U.S. Quality Momentum Index, which aims to combine strong quality fundamentals with positive momentum technical trends. Constituent eligibility begins with the 500 largest US securities by market capitalization, which are then screened and ranked based on a momentum and quality score based on the following factors: (i) return-on-equity, (ii) debt-to-equity, and (iii) sales growth rate. A composite score is then calculated and assigned wherein the top 125 securities with positive momentum form the Underlying Index. Finally, the fund is equally-weighted at every quarterly rebalance and reconstitution. JOETs underlying index is the brainchild of Joe Terranova, Senior Managing Director and Chief Market Strategist for Virtus Investment Partners. His market expertise and investing principles are utilized in the index methodology.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Technology Services
Stocks99.20%
Finance34.47%
Technology Services19.59%
Electronic Technology9.45%
Retail Trade5.69%
Producer Manufacturing5.21%
Health Technology4.89%
Consumer Services4.00%
Commercial Services3.82%
Transportation2.49%
Distribution Services2.43%
Utilities2.36%
Industrial Services1.49%
Non-Energy Minerals0.94%
Consumer Non-Durables0.84%
Consumer Durables0.81%
Miscellaneous0.74%
Bonds, Cash & Other0.80%
Cash0.80%
Stock breakdown by region
North America93.10%
Europe4.63%
Latin America0.81%
Asia0.76%
Middle East0.70%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
JOET invests in stocks. The fund's major sectors are Finance, with 34.47% stocks, and Technology Services, with 19.59% of the basket. The assets are mostly located in the North America region.
JOET top holdings are AppLovin Corp. Class A and Alphabet Inc. Class A, occupying 1.04% and 0.95% of the portfolio correspondingly.
JOET last dividends amounted to 0.27 USD. The year before, the issuer paid 0.41 USD in dividends, which shows a 51.89% decrease.
JOET assets under management is 222.30 M USD. It's risen 6.93% over the last month.
JOET fund flows account for 82.97 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, JOET pays dividends to its holders with the dividend yield of 0.64%. The last dividend (Dec 27, 2024) amounted to 0.27 USD. The dividends are paid annually.
JOET shares are issued by Virtus Investment Partners, Inc. under the brand Virtus. The ETF was launched on Nov 17, 2020, and its management style is Passive.
JOET expense ratio is 0.29% meaning you'd have to pay 0.29% of your investment to help manage the fund.
JOET follows the Terranova U.S. Quality Momentum Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
JOET invests in stocks.
JOET price has risen by 1.34% over the last month, and its yearly performance shows a 19.95% increase. See more dynamics on JOET price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.97% over the last month, showed a 4.78% increase in three-month performance and has increased by 16.35% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.97% over the last month, showed a 4.78% increase in three-month performance and has increased by 16.35% in a year.
JOET trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.