Metaurus U.S. Equity Cumulative Dividends Fund-Series 2027
IDIV
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- None
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- DE United States of America
- IPO Date
- Feb 5, 2018
- CIK
- 0001688487
- Similar Companies
- Business
- Metaurus U.S. Equity Cumulative Dividends Fund-Series 2027 (NYSE Arca: IDIV) is an exchange-traded fund that seeks investment results, before fees and expenses, corresponding to the performance of the Metaurus U.S. Cumulative Dividends Index-Series 2027 (the Metaurus Dividend Index) over each calendar year. The fund primarily invests its assets in the component instruments of the index, which consist of U.S. Treasury Securities and long positions in annual futures contracts listed on the CME that provide exposure to dividends paid on the S&P 500 constituent companies pro rata for each year of the fund's life through its targeted liquidation in December 2027; it intends to pay monthly cash distributions based on the actual ordinary dividends paid by S&P 500 companies during the previous month. IDIV operates as a series of the Metaurus Equity Component Trust, a Delaware statutory trust formed on September 28, 2016, with Metaurus Advisors LLC serving as sponsor, commodity pool operator, and commodity trading advisor; the sponsor is headquartered at 22 Hudson Place, Third Floor, Hoboken, New Jersey 07030. The fund launched in early 2018 alongside its complementary series, the U.S. Equity Ex-Dividend Fund-Series 2027 (XDIV), introducing innovative passive strategies that allow investors to separately access S&P 500 dividends or price performance without leverage or direct equity exposure. It tracks the Solactive U.S. Cumulative Dividends Index-Series 2027, designed to capture the current value of ordinary dividends expected from S&P 500 constituents until December 2027. As of recent data, the fund maintains assets under management of approximately $30 million, a net expense ratio of 0.87%, and approximately 4.25 million shares outstanding, with no reported institutional ownership changes in recent filings. No major partnerships, acquisitions, funding rounds, or strategic shifts have been publicly announced for IDIV or its sponsor within the last 1-2 years; the fund continues its original term-limited structure with a focus on U.S. equity dividend exposure for income-oriented investors seeking low-cost, index-based cash flow without underlying stock price risk.