Q: Thanks for all the great work you do.
To obtain the total return HXS adds the dividend to the NAV.
My question is, is this distributed say quarterly or annually, or is this done throughout the ex div dates of all the S&P holdings (seems like a lot of math).
Thank you
To obtain the total return HXS adds the dividend to the NAV.
My question is, is this distributed say quarterly or annually, or is this done throughout the ex div dates of all the S&P holdings (seems like a lot of math).
Thank you
5i Research Answer:
Dividends are not quite 'added' here. HXS enters into derivative contracts with third parties...