ISOLATED DIVIDEND GROWTH
DIVY isolates the underlying dividend of Large Cap Securities included in the S&P 500 and NASDAQ-100 indexes from the stock price, and seeks to deliver the dividend growth of the underlying index constituents, not stock price. The following charts show the historical indicated dividend growth of the S&P 500 and NASDAQ-100 indexes compared to their respective price returns. The indicated dividend represents the market cap-weighted aggregate dividends paid by the index constituents divided by the number of shares outstanding for the index. Price return represents the growth of the market price of the index.
January 2, 2004, through December 31, 2014. Source: Bloomberg, Compustat, Reality Shares Research Past performance does not guarantee future results. Dividend growth figures are not representative of Fund performance. Unlike more traditional dividend ETFs, the Fund does not seek returns based on appreciation in the stock market price of equity securities, return dividend income, or invest in dividend paying stocks. The Fund does not invest in equity securities. The indexes shown are represented by equity securities, whereas the Fund invests in a series of listed index option contracts.