The breakdown in share weightings is as follows: General Motors Company (NYSE: GM) is 7.64% of the weighting; Honda Motor Co. (NYSE: HMC) is 7.18%; Toyota Motor Corporation (NYSE: TM) is 7.14% of the weighting; and Ford Motor Company (NYSE: F) is 5.67% of the weighting. There are others as well, but those just named were the top stocks that trade on primary U.S. exchanges. The largest component is Daimler AG with 8.28%, and others are as follows: Kia at 5.08%, Fiat Group is down 4.97%, Hyundai is 4.82%, BMW is 4.24%, and VW is 4.18%.
To be included in the index, these securities have to meet certain trading criteria. Each must be listed on an index-eligible global stock exchange, must have a minimum worldwide market cap of $500 million or more, and needs a three-month average daily dollar trading volume of $1 million or more. The index also employs a modified market cap weighting methodology so that larger companies do not get too highly concentrated in the ETF.
JON C. OGG
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