Dow Jones’ market index fund is set to beat its earnings guidance for the fourth quarter and the first quarter of next year.
The fund has also outperformed the S&P 500 and the Nasdaq Composite.
The Dow Jones Global Select Sector SPDR ETF is the latest to beat estimates for the third quarter, and the fund beat expectations for the second quarter.
It has now topped $1,000,000 for the first time.
The fund’s market cap is $7.4 billion and the S & P 500 index is $10.6 billion, according to data compiled by Bloomberg.
The index is up more than 6 percent from last year and has gained nearly 40 percent from its mid-March lows.
Shares of the fund rose as much as 7.3 percent in extended trading Monday.
The S&s 500 has climbed more than 4 percent, while the Nasd is up nearly 6 percent.
Shares have gained more than $20 billion in 2017 and are up nearly 15 percent from their peak last year, according the fund’s website.
The funds are not new, as Dow Jones has been selling its stock portfolio since its inception in 2005.
The funds fund is the largest, and most liquid, of its kind in the industry.
Investors can purchase the fund from ETFs and brokerages like the SPDR S&amsd Global Select Index Fund, the Vanguard FTSE Global Select (VXGL) ETF, and other fund companies.