THE FORENSIC ACCOUNTING ETF (FLAG)


The Science of Accounting Meets the Art of Investing.

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About Flag

FLAG was developed to offer the potential benefits of financial statement analysis to investors. FLAG seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Del Vecchio Earnings Quality Index.

FLAG Fact Sheet

FLAG Fund Summary

Why FLAG?

Waving Red Flags

 

Read the Book

Interested in forensic accounting and its uses when investing? "What's Behind The Numbers?" was written by John Del Vecchio, the managing member of Index Deletion Strategies, the index provider for the Forensic Accounting ETF (FLAG).

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A Five Step Investment Approach

  1. Define: Universe consists of the 500 largest capitalized US stocks
  2. Analyze: Perform forensic accounting analysis on each stock
  3. Grade: Each stock receives an overall grade of "A-F"
  4. Avoid: Stocks graded "F" are avoided due to financial red flags
  5. Invest: Remaining stocks comprise index with a tilt toward A-graded stocks

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The Investment Merits Of Forensic Accounting

Forensic accounting, also referred to as financial statement analysis, uses publicly available financial reports to search for the “red flags” of aggressive accounting practices that some companies have been found to employ. Red flags often indicate underlying business problems and will usually end up reflected in the price of a company’s stock.

Types of red flags identified by forensic accounting may include:

Fictitious Revenue Accelerated Revenue Recognition Inventory Issues Unsustainable Margin Expansion Financial Ratio Adjustments

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News and Events

The Forensic Accounting ETF (NYSE: FLAG) Declares Quarterly Distribution

Tuesday, September 16, 2014

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What investors must know about new accounting rules

Friday, June 6, 2014

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The Forensic Accounting ETF (NYSE: FLAG) Declares Quarterly Distribution

Tuesday, June 17, 2014

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The Forensic Accounting ETF (NYSE: FLAG) Declares Quarterly Distribution

Tuesday, March 18, 2014

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The Forensic Accounting ETF (NYSE: FLAG) Declares Annual Distribution

Friday, January 10, 2014

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Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained by visiting www.flagetf.com. Read the prospectus carefully before investing.

This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice.

Investing involves risk, including the possible loss of principal. The Index may include REITs. Adverse economic, business or political developments affecting real estate could have a major effect on the value of the Fund’s investments in REITs. Investing in REITs may subject the Fund to risks associated with the direct ownership of real estate, such as decreases in real estate values, overbuilding, increased competition and other risks related to local or general economic conditions, increases in operating costs and property taxes, changes in zoning laws, casualty or condemnation losses, possible environmental liabilities, regulatory limitations on rent and fluctuations in rental income. In addition, REITs are subject to the possibility of failing to qualify for tax-free pass-through of income under the Internal Revenue Code and maintaining exemption from the registration requirements of the Investment Company Act of 1940, as amended.

There is no guarantee that the Fund or the index will achieve its investment objective.

Exchange Traded Concepts, LLC serves as the investment advisor, and Index Management Solutions, LLC serves as a sub advisor to the fund. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates. Index Deletion Strategies have been licensed for use by Exchange Traded Concepts, LLC. FLAG Funds are not sponsored, endorsed, issued, sold, or promoted by IDS, nor does this company make any representations regarding the advisability of investing in the FLAG Funds.