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NEW LISTINGS

There were no new ETF listings during the covered period.

NEW FILINGS

FocusShares Files For A Comeback

FocusShares, which shuttered its entire lineup of niche sector ETFs last year, looks like it is planning its comeback. Its most recent filing with the Securities and Exchange Commission details plans for six target date ETFs, each with termination dates set at five-year intervals between 2015 and 2040.

According to the original exemptive relief filing by FocusShares, the funds will track indexes from Mergent Inc.'s Indxis subsidiary.

The underlying indexes are a combination of U.S. government STRIPS and equities, with the weights of both segments varying according to the index's target date (the STRIPS' weight decreases the farther out the target date, while the weighting in equities increases).

The equities portion consists of seven equally weighted asset classes (U.S. Small Cap Value, U.S. Small Cap Growth, U.S. Mid Cap Value, U.S. Mid Cap Growth, U.S. Large Cap Value, U.S. Large Cap Growth and International), each represented by 50 equally weighted securities.

Weightings range from 44% for the STRIPS portion and 8% for each of the seven equity asset classes for the fund targeting 2015 to a 21.04% STRIPS weighting and an 11.28% weighting for the other asset classes in the 2045 fund.

According to the filing the funds will charge an annual fee of 0.99%.

Read the most recent FocusShares filing here.

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