 The
GX Founder-Run Companies ETF (BOSS) is an exchange-traded fund that
seeks to provide investment results that correspond to the price and
yield performance of the Solactive Founder-Run Companies Index. The
Solactive index is designed to track the performance of companies in
which the founder or a founder’s family has a significant stake and
active involvement in the management of the company. The fund is
managed by Global X Management Company LLC.
BOSS provides
investors with exposure to founder-run companies, which have unique
characteristics that differentiate them from other companies. Founders
are often highly motivated, have a long-term view, and are committed
to growing the company. They have a strong sense of ownership and are
highly invested in the success of the business. Research has shown
that founder-run companies often outperform other companies over the
long term.
As of March 18th, 2023, BOSS had a total net asset
value of $53.45 million and consisted of 86 holdings. The fund has an
expense ratio of 0.45%, which is relatively low compared to other
actively managed funds.
BOSS holdings are diversified across
sectors, with the largest sector allocations being information
technology, consumer discretionary, and healthcare. The top ten
holdings make up over 50% of the portfolio, with Shopify Inc. being
the largest holding, followed by Moderna Inc. and ServiceNow Inc.
BOSS is an actively managed fund, which means that the portfolio
manager has discretion to make investment decisions based on market
conditions and the performance of individual holdings. The fund's
objective is to provide investors with long-term capital appreciation,
but it may also generate income through investments in dividend-paying
stocks.
Overall, the GX Founder-Run Companies ETF (BOSS)
provides investors with exposure to a unique segment of the market
that has the potential to generate strong long-term returns. However,
as with any investment, there are risks involved, and investors should
carefully consider their investment objectives and risk tolerance
before investing in BOSS.
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