Why BITE?

The Restaurant ETF (NASDAQ: BITE) is designed to provide access to the Restaurant Industry because of the fundamentals of the long-term secular trends that favor the changing consumer habits of adults (especially millennials) who prefer to eat-out versus cooking at home. BITE also looks to capitalize on the tailwinds from the growth in spending of the U.S. & (global) Emerging Markets consumer. In BITE's view, we see overall costs trending down from the companies/ franchise's ability to use technology like Kiosks and online ordering apps with reward programs to reduce the number of employees need to take orders.

U.S. Retail Sales: Grocery Stores vs. Restaurants & Bars,

Dollars (billions)
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Index Construction

The BITE Index is an equal-weighted index of all restaurants that are publicly traded in the United States with a market cap of $200 million or greater and $1 million of daily average turnover. An equal-weighted approach helps to minimize the outsized impact that a few mega-cap restaurant operators can have on more traditional, market cap-weighted indexes. For example, under BITE's methodology, small but faster-growing companies like The Habit Burger and Shake Shack receive the same weighting as a global giant like McDonald's.

Download Index Methodology

BITE Quick Look


Investment Strategy

The Restaurant ETF (NASDAQ: BITE) is designed to capture the performance of all U.S. listed companies operating branded restaurants that meet certain market capitalization and liquidity requirements. The companies in BITE represent over 50 of the world's most recognizable and iconic brands operating a wide variety of restaurant formats including Quick Service (e.g. Starbucks), Fast Casual (e.g. Chipotle), Casual Dining (e.g. Buffalo Wild Wings) and Fine Dining (e.g. Ruth's Chris).

Top Ten BITE Index Holdings
(as of 12/07/2016)

Company % Of Net Assets
DEL TACO RESTAURANTS INC3.48
DAVE & BUSTERS ENTMT INC3.15
PAPA JOHNS INTL INC3.02
DOMINOS PIZZA INC2.99
ARCOS DORADOS HOLDINGS INC2.87
WENDYS CO2.86
JACK IN THE BOX INC COM2.84
CHEESECAKE FACTORY INC2.78
DUNKIN BRANDS GROUP INC2.71
WINGSTOP INC2.71
Holdings are subject to change