Metaurus U.S. Equity Cumulative Dividends Fund-Series 2027 (IDIV)
Metaurus U.S. Equity Cumulative Dividends Fund-Series 2027 operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Hoboken, NJ, US. The stock last traded at $6.96, down 1.42% on the session, giving a market capitalisation of $29.7M. Its beta of 1.00 implies it has historically moved less than the broad market.
The fund's manager primarily allocates its assets to replicate the composition of its underlying benchmark index. This index comprises both U.S. Treasury Securities and long-term annual futures contracts. These futures, traded on the CME, are specifically designed to capture the dividend payments distributed by S&P 500 constituent companies, apportioned annually throughout the fund's duration.
Metaurus U.S. Equity Cumulative Dividends Fund-Series 2027 is most often compared with the following Financial Services names: