Tobacco Involvement (%)
For Stocks:
100% indicates that companies have an industry tie to tobacco products through the distributor, licensor, retailer, supplier, or ownership categories; and 0% indicates companies that do not have ay ties to the mentioned products.
For ETFs/Mutual Funds:
The percentage of portfolio's market value exposed to companies with tie to tobacco products through the distributor, licensor, retailer, supplier, or ownership categories.
For Model Portfolios:
The percentage of portfolio's market value exposed to companies with tie to tobacco products through the distributor, licensor, retailer, supplier, or ownership categories. This is calculated by finding the weighted mean of the holdings' involvement % with the weights that have available data coverage. There's a 65% data coverage threshold requirement for the data point's calculation.
(Holding1 exposure % * Holding1 weight) + ... + (HoldingN exposure % * HoldingN weight) / (Holding1 weight + ... + HoldingN weight) = Portfolio Exposure %