| Minhdex Fund Values Last update June 3, 2010 | Div Val | |||
| Stars and Stripes | 964.77 | 4.57 | 0.48% | 969.37 |
| Stars and Stripes Options* | 964.77 | *972.01 | ||
| Maple Leaf | 987.96 | 13.55 | 0.36% | 990.71 |
| Maple Leaf Options* | 987.96 | *998.73 | ||
| ADR | 970.00 | 2.64 | 0.27% | 972.38 |
| Horizons Beta Pro Mock Short | 999.38 | 4.15 | 0.41% | |
Background Information
The Minh-dex is basket of high-quality, diversified stocks that acts similar to the major indices. However, unlike the major indices of the world, the Minh-dex uses an equal weighting at purchase method, as opposed to market-capitalization or price-weighted. The idea for an equal-weighted index is to mimic the average account of the retail investor. Most retail investors either purchase an equal amount of shares or an equal dollar amount of shares amongst a diversified portfolio, in which the Minh-dex relates to the latter.
Another difference between the Minh-dex and major indices is that there are two values: the "index" value and the "with dividend" value. The "index" value is the weighted value of the holdings, while the "with dividend" value includes the weighted dividend income incurred along with the holding.
There is a possibility that I will create a new set of Minh-dexes that include covered calls for a third value. I have not yet made this decision.
Alterations to the holding will be kept minimal, and only changed under significant news, such as bankruptcy, mergers, or major news on a company's fundamentals. This is also to mimic the average retail investor's account where buys and sells are extremely limited.
The Minh-dex page is designed to show a more accurate of an investor's gains. As explained earlier, most indices are price or market-cap weighted, therefore, does not accurately represent an investor's average portfolio and returns. The inclusion of a "with dividend" value shows how the purchase of dividend-paying stocks can provide a healthy stream of income and growth over the long-term. If there are any questions or recommendations to changes, please let me know by e-mail or Facebook.
Below is a list of all Minh-dices and a brief description of each fund. To see a complete breakdown of the holdings of each Minh-dex fund, please click HERE.
| Stars and Stripes | |
| As of May 21, 2010 | Top Holdings by MV |
| MV: 964.774 | 1. Campbell's Soup [CPB] |
| Div: 4.600 | 2. Goldman Sachs [GS] |
| DivV: 969.374 | 3. International Business Machines [IBM] |
The Stars and Stripes Minh-dex is a diverse basket of 20 American large-cap companies created on May 11, 2010. The fund uses an equal-weighted average based on the confirmed closing values of the stocks on May 11. All corporations included have annual revenues exceeding $1 billion and continued dividend payments for the past 16 quarters. A majority of the stocks can also be found on the Dow Jones Industrial Average. This fund includes companies in energy, telecommunications, and consumer staples, just to name a few.
| Maple Leaf Fund | |
| As of May 21, 2010 | Top Holdings by MV |
| MV: 987.961 | 1. Bank of Montreal [BMO] |
| Div: 2.747 | 2. Loblaw's [L] |
| DivV: 990.708 | 3. Bell Canada Enterprises [BCE] |
The Maple Leaf Minh-dex consists of 15 top Canadian companies. It was formed on May 11, 2010 using an equal-weighted average method. The portion of the fund consists of Canadian financial companies because of their strength. The Canadian Financial System was ranked the number one system in the world after the collapse of major world banks during the "Financial Crisis" and continues to remain strong amidst global uncertainty. 13 out of the 15 companies also trade on the major American markets.
| ADR | |
| As of May 21, 2010 | Top Holdings by MV |
| MV: 969.999 | 1. Baidu.com [BIDU] |
| Div: 2.384 | 2. China Petroleum & Chemical [SNP] |
| DivV: 972.383 | 3. GlaxoSmithKline [GSK] |
The ADR Minh-dex comprises of 10 International stocks that trade on the American stock markets. This is commonly referred to as American Depository Receipts (ADR) that track the value of the underlying issue on a currency adjusted basis. The companies in this fund come from Asia, Europe, and Australia. It was created and valued on May 11, 2010, using an equal-weighted average. The fund may be expanded at a future date.
| Horizons Beta Pro Mock Short |
The Horizons Beta Pro Mock Short (or HBP Short) Minh-dex was designed to test the theory that purchasing leveraged ETFs for long-term investing is less profitable due to daily asset readjustments. Using the closing prices on the TSX at 4:15 PM EST on May 21, 2010. Unlike the long-term funds, this fund will be re-balanced periodically in the event of large moves on commodities up or down to better depict any losses incurred over time.
