Core Viewpoint - The First Trust Small Cap Growth AlphaDEX ETF (FYC) is designed to provide broad exposure to the small-cap growth segment of the market, utilizing a smart beta strategy to potentially outperform traditional market-cap weighted indexes [1][5]. Fund Overview - FYC was launched on April 19, 2011, and is managed by First Trust Advisors, with total assets exceeding $457.6 million, categorizing it as an average-sized ETF in its segment [1][5]. - The ETF aims to match the performance of the Nasdaq AlphaDEX Small Cap Growth Index, which employs a stock selection methodology based on fundamental characteristics [5]. Cost Structure - The annual operating expenses for FYC are 0.71%, making it one of the more expensive options in the small-cap growth ETF space [6]. - The ETF has a 12-month trailing dividend yield of 0.61% [6]. Sector Exposure and Holdings - The ETF has a significant allocation in the Financials sector, comprising approximately 21.9% of the portfolio, followed by Industrials and Healthcare [7]. - Sezzle Inc. (SEZL) is the largest individual holding at about 2.86% of total assets, with the top 10 holdings accounting for around 12.34% of total assets under management [8]. Performance Metrics - Year-to-date, FYC has gained approximately 3.35%, and over the last 12 months, it has increased by about 13.91% as of July 30, 2025 [10]. - The ETF has a beta of 1.16 and a standard deviation of 22.33% over the trailing three-year period, indicating a higher risk profile [10]. Alternatives - Other ETFs in the small-cap growth space include the iShares Russell 2000 Growth ETF (IWO) and the Vanguard Small-Cap Growth ETF (VBK), which have significantly larger asset bases and lower expense ratios [12].

Core Viewpoint - The Invesco KBW Premium Yield Equity REIT ETF (KBWY) is a smart beta ETF designed to provide broad exposure to the Real Estate sector, focusing on small- and mid-cap equity REITs with a dividend-weighted strategy [1][5]. Fund Overview - KBWY was launched on December 2, 2010, and is managed by Invesco, with total assets exceeding $237.4 million, categorizing it as an average-sized ETF in the Real Estate sector [1][5]. - The fund aims to match the performance of the KBW Nasdaq Premium Yield Equity REIT Index, which includes approximately 24 to 40 small- and mid-cap equity REITs in the US [5]. Cost Structure - The annual operating expense ratio for KBWY is 0.35%, which is competitive within its peer group [6]. - The fund has a 12-month trailing dividend yield of 9.66%, indicating a strong income-generating potential [6]. Sector Exposure and Holdings - KBWY has a 100% allocation in the Real Estate sector, providing concentrated exposure [7]. - The largest holding, Innovative Industrial Properties Inc (IIPR), constitutes about 6.27% of the total assets, with the top 10 holdings making up approximately 46.73% of total assets under management [8]. Performance Metrics - As of July 30, 2025, KBWY has experienced a year-to-date loss of approximately -6.96% and a one-year decline of about -13.17% [10]. - The fund has traded between $14.41 and $21.54 over the past 52 weeks, with a beta of 1.09 and a standard deviation of 23.18% over the trailing three-year period, indicating medium risk [10]. Alternatives - For investors seeking better performance in the Real Estate ETFs segment, alternatives such as the Real Estate Select Sector SPDR ETF (XLRE) and Schwab U.S. REIT ETF (SCHH) are available, with XLRE having $7.77 billion in assets and SCHH at $8.23 billion [12]. - XLRE has a lower expense ratio of 0.08%, while SCHH has an expense ratio of 0.07%, making them potentially more attractive options for cost-conscious investors [12].

Core Viewpoint - The SPDR S&P Regional Banking ETF (KRE) is a smart beta ETF designed to provide broad exposure to the financial sector, specifically regional banks, and has accumulated over $3.64 billion in assets under management [1][5]. Fund Overview - KRE was launched on June 19, 2006, and aims to match the performance of the S&P Regional Banks Select Industry Index [1][5]. - The fund is managed by State Street Global Advisors and has an annual operating expense ratio of 0.35%, making it one of the least expensive options in the financial ETFs space [5][6]. Performance Metrics - KRE has a trailing 12-month dividend yield of 2.54% and has returned approximately 3.31% year-to-date, with an increase of about 8.92% over the past year as of July 30, 2025 [6][9]. - The ETF has traded between $48.81 and $68.90 in the last 52 weeks [9]. Holdings and Sector Exposure - The ETF is fully allocated to the Financials sector, with Zions Bancorp Na (ZION) making up about 2.61% of total assets, and the top 10 holdings accounting for approximately 25.25% of total assets [7][8]. - KRE consists of around 147 holdings, which helps to diversify company-specific risk [10]. Risk Profile - KRE has a beta of 0.89 and a standard deviation of 31.72% over the trailing three-year period, indicating a higher risk profile compared to other funds in the space [10]. Alternatives - Other ETFs in the regional banking sector include the Invesco KBW Regional Banking ETF (KBWR) and the iShares U.S. Regional Banks ETF (IAT), which have different asset sizes and expense ratios [11][12].

Core Insights - The Vident U.S. Equity Strategy ETF (VUSE) offers broad exposure to the Style Box - All Cap Value category and debuted on January 22, 2014 [1] - VUSE is managed by Vident Financial and aims to match the performance of the Vident Core U.S. Equity Fund Index [5] Fund Characteristics - VUSE has accumulated over $624.16 million in assets, making it one of the larger ETFs in its category [5] - The fund has an annual operating expense ratio of 0.50% and a 12-month trailing dividend yield of 0.63% [6] - The ETF's heaviest sector allocation is in Information Technology at approximately 28.4% [7] Holdings and Performance - Top holdings include Oracle Corp (3.29%), Broadcom Inc, and Nvidia Corp, with the top 10 holdings accounting for about 24.35% of total assets [8] - VUSE has gained about 8.8% year-to-date and approximately 16.94% over the last year, with a trading range between $50.72 and $63.86 in the past 52 weeks [10] Risk Profile - The fund has a beta of 0.98 and a standard deviation of 16.53% over the trailing three-year period, indicating a medium risk profile [10] Alternatives - Other ETFs in the same space include Fidelity High Dividend ETF (FDVV) and iShares Core S&P U.S. Value ETF (IUSV), which have lower expense ratios and larger asset bases [12]

高股息资产盘中反弹，现金流ETF（159399）涨0.8%，盘中成交活跃，连续4日净流入额超1.5亿 元。 现金流ETF（159399）是以自由现金流作为选股因子的Smart Beta ETF，紧密跟踪富时中国A股自由 现金流聚焦指数，剔除金融和地产行业，优选自由现金流率最高的50只股票，为投资者筛选出了一批A 股市场中的 "现金牛" 企业，为长期投资收益奠定了坚实基础。 风险提示：无论是股票ETF还是LOF基金，均属于较高预期风险和预期收益的证券投资基金品种， 其预期收益及预期风险水平高于混合型基金、债券型基金和货币市场基金。板块/基金短期涨跌幅列示 仅作为文章分析观点之辅助材料，仅供参考，不构成对基金业绩的保证。以上观点仅供参考，不构成投 资建议或承诺。如需购买相关基金产品，请您关注投资者适当性管理相关规定、提前做好风险测评，并 根据您自身的风险承受能力购买与之相匹配的风险等级的基金产品。基金有风险，投资需谨慎。 每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请 ...

Core Insights - The Inspire Corporate Bond ETF (IBD) is a smart beta ETF launched on July 10, 2017, aimed at providing broad exposure to the Investment Grade Corporate Bond ETFs category [1] - IBD has accumulated assets of over $391.96 million, positioning it as an average-sized ETF in its category [5] - The fund seeks to match the performance of the Inspire Corporate Bond Impact Equal Weight Index, which consists of 250 investment-grade corporate bonds from large-cap blue-chip companies in the U.S. [6] Fund Management and Costs - The fund is managed by Inspire and has an annual operating expense ratio of 0.43%, making it one of the more expensive options in the market [7] - IBD's 12-month trailing dividend yield stands at 4.20% [7] Holdings and Sector Exposure - The top holding, Trimble Inc, constitutes approximately 1.86% of the fund's total assets, with the top 10 holdings accounting for about 18.24% of total assets [8][9] - The ETF provides diversified exposure, which helps minimize single stock risk [8] Performance Metrics - As of July 29, 2025, IBD has gained approximately 4.14% year-to-date and 5.9% over the past year, with trading prices ranging between $23.28 and $24.29 in the last 52 weeks [10] - The fund has a beta of 0.19 and a standard deviation of 6.13% over the trailing three-year period, indicating effective diversification of company-specific risk [11] Alternatives and Market Position - IBD may not be suitable for investors looking to outperform the Investment Grade Corporate Bond ETFs segment, with other ETFs available that may offer better performance [12] - Comparatively, the Vanguard ESG U.S. Stock ETF and iShares ESG Aware MSCI USA ETF have significantly larger asset bases and lower expense ratios, suggesting alternatives for cost-conscious investors [13]

Core Viewpoint - The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) offers a smart beta investment option, providing broad exposure to the Consumer Staples sector while employing an equal-weighting strategy to potentially enhance risk-return performance [1][5]. Group 1: Fund Overview - RSPS was launched on November 1, 2006, and has accumulated assets exceeding $256.26 million, categorizing it as an average-sized ETF in the Consumer Staples sector [1][5]. - The fund aims to match the performance of the S&P 500 Equal Weight Consumer Staples Index, which equally weights stocks in the consumer staples sector of the S&P 500 Index [5]. Group 2: Cost and Expenses - The annual operating expense ratio for RSPS is 0.40%, which is competitive with most peer products in the market [6]. - The fund has a 12-month trailing dividend yield of 0.75% [6]. Group 3: Sector Exposure and Holdings - RSPS has a complete allocation in the Consumer Staples sector, with approximately 100% of its portfolio dedicated to this area [7]. - Estee Lauder Cos Inc accounts for about 3.28% of total assets, followed by Archer-Daniels-Midland Co and J M Smucker Co, with the top 10 holdings representing approximately 28.11% of total assets under management [8]. Group 4: Performance Metrics - Year-to-date, RSPS has increased by about 1.54%, but it has decreased by approximately -1.47% over the last 12 months as of July 29, 2025 [10]. - The fund has traded between $28.68 and $32.71 in the past 52 weeks, with a beta of 0.52 and a standard deviation of 12.94% over the trailing three-year period [10]. Group 5: Alternatives - While RSPS is a viable option for investors looking to outperform the Consumer Staples ETFs segment, there are alternative ETFs available, such as the Vanguard Consumer Staples ETF (VDC) and the Consumer Staples Select Sector SPDR ETF (XLP) [11][12]. - VDC has $7.57 billion in assets and an expense ratio of 0.09%, while XLP has $15.87 billion in assets with an expense ratio of 0.08% [12].

Core Insights - The F/m US Treasury 6 Month Bill ETF (XBIL) launched on March 7, 2023, providing broad exposure to the Government Bond ETFs category [1] - Smart beta ETFs differ from traditional market cap weighted indexes by focusing on non-cap weighted strategies to potentially outperform the market [2][3] - XBIL is managed by Us Benchmark Series and has accumulated over $806.03 million in assets, aiming to match the performance of the Bloomberg US Treasury Bellwether 6M Total Return Index [5] Fund Characteristics - XBIL has an annual operating expense ratio of 0.15%, which is competitive within its peer group, and a 12-month trailing dividend yield of 4.39% [6] - The ETF has shown a year-to-date increase of approximately 2.27% and a one-year increase of about 4.43%, with a trading range between $49.94 and $50.21 over the past 52 weeks [8] - The ETF's holdings are concentrated, with the top 10 holdings accounting for nearly 100% of total assets under management [7] Alternatives and Comparisons - Other ETFs in the Government Bond space include SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) with $41.72 billion in assets and iShares 0-3 Month Treasury Bond ETF (SGOV) with $51.88 billion, both offering lower expense ratios [10] - Investors seeking lower-risk options may consider traditional market cap weighted ETFs that aim to match Government Bond ETF returns [11]

Core Insights - The Fidelity Quality Factor ETF (FQAL) debuted on September 12, 2016, and provides broad exposure to the Style Box - Large Cap Blend category of the market [1] Fund Overview - FQAL is managed by Fidelity and has accumulated over $1.06 billion in assets, making it one of the larger ETFs in its category [5] - The fund aims to match the performance of the Fidelity U.S. Quality Factor Index, which includes large and mid-cap U.S. companies with a higher quality profile than the broader market [5] Cost Structure - FQAL has an annual operating expense ratio of 0.16%, positioning it as one of the cheaper options in the ETF space [6] - The fund's 12-month trailing dividend yield is 1.20% [6] Sector Allocation - The Information Technology sector represents 31.9% of FQAL's portfolio, followed by Financials and Consumer Discretionary [7] - Nvidia Corp (NVDA) is the largest holding at approximately 7.55%, with Microsoft Corp (MSFT) and Apple Inc (AAPL) also among the top holdings [8] Performance Metrics - As of July 28, 2025, FQAL has gained approximately 9.64% year-to-date and 18.94% over the past year [10] - The fund has traded between $57.29 and $71.33 in the past 52 weeks, with a beta of 0.97 and a standard deviation of 16.13% over the trailing three-year period [10] Alternatives - Other ETFs in the same space include SPDR S&P 500 ETF (SPY) and Vanguard S&P 500 ETF (VOO), with assets of $655.33 billion and $703.83 billion respectively [11] - SPY has an expense ratio of 0.09% while VOO charges 0.03% [11]

Core Viewpoint - The Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) is designed to provide broad exposure to the small-cap growth segment of the market, utilizing a smart beta strategy to select stocks based on fundamental characteristics [1][3][5]. Fund Overview - JSMD was launched on February 23, 2016, and has accumulated over $565.73 million in assets, positioning it as an average-sized ETF in its category [1][5]. - The fund aims to match the performance of the Janus Small/Mid Cap Growth Alpha Index, which evaluates stocks based on growth, profitability, and capital efficiency [5][6]. Cost Structure - The annual operating expenses for JSMD are 0.30%, which is competitive within its peer group [7]. - The ETF has a 12-month trailing dividend yield of 0.80% [7]. Sector Exposure and Holdings - The largest sector allocation for JSMD is in Financials, comprising approximately 20.7% of the portfolio, followed by Information Technology and Industrials [8]. - Equitable Holdings Inc. (EQH) is the top individual holding at about 2.3% of total assets, with the top 10 holdings representing around 21.14% of total assets under management [9]. Performance Metrics - As of July 28, 2025, JSMD has increased by approximately 6.29% year-to-date and 15.06% over the past year [10]. - The ETF has traded within a range of $62.52 to $82.80 over the last 52 weeks, with a beta of 1.08 and a standard deviation of 21.42% for the trailing three-year period [10]. Alternatives - Other ETFs in the small-cap growth space include iShares Russell 2000 Growth ETF (IWO) and Vanguard Small-Cap Growth ETF (VBK), with IWO having $11.95 billion in assets and VBK at $19.73 billion [12]. - IWO has an expense ratio of 0.24%, while VBK has a lower expense ratio of 0.07%, presenting options for investors seeking lower-cost alternatives [12].