QLT

QuantShares U.S. Market Neutral Quality ETF

"The Fund seeks performance results that correspond to the price and yield performance before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Quality Total Return Index. The target index, which is compiled by Dow Jones Indexes, is equal weighted, dollar neutral, sector neutral and is not levered. The index rebalances monthly by identifying the highest quality stocks as long positions and lowest quality stocks as short positions, of approximately equal dollar amounts, within each sector. The Exchange Traded Fund provides investors with the means of seeking the spread return between high and low ranked stocks. Stocks with a higher return on equity and a lower debt-to-equity ratio (above average quality characteristcs) within each sector receive higher rankings, and stocks with a lower return on equity and a higher debt-to-equity ratio (below average quality characteristics) within each sector receive lower rankings. Quality investing entails investing in securities that have above-average quality characteristics and shorting securities that have below-average quality characteristics. The performance of the fund will depend on the difference in the rates of return between these long positions and short positions."
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