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Sienna Exchange-traded Fund seeks to match the performance of the Dow Jones 30 Index. Since the index holds only 30 very liquid stocks, the ETF
Sienna Exchange-traded Fund seeks to match the performance of the Dow Jones 30 Index. Since the index holds only 30 very liquid stocks, the ETF is always fully invested and uses full replication to construct its portfolio. Although the components of the index did not change this year, Sienna still had tracking. What might account for this? a. Fees and expenses b. Sampling method c. Cash drag d. Rebalancing
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