Core Insights - The WisdomTree Japan Hedged Equity ETF (DXJ) debuted on June 16, 2006, and offers broad exposure to the Asia-Pacific (Developed) ETFs category [1] - The ETF industry has been traditionally dominated by market capitalization weighted indexes, but smart beta strategies are gaining traction among investors seeking to outperform the market [2][3] - The WisdomTree Japan Hedged Equity ETF has amassed over $3.65 billion in assets, making it one of the larger ETFs in its category [5] Fund Details - The fund is sponsored by WisdomTree and aims to match the performance of the WisdomTree Japan Hedged Equity Index, which provides exposure to Japanese equity markets while neutralizing currency fluctuations [5] - The ETF has an annual operating expense ratio of 0.48% and a 12-month trailing dividend yield of 3.61% [6] - The fund's holdings are primarily in U.S. dollars, accounting for approximately 99.07% of total assets, with top holdings including Mitsubishi Ufj Financial Group and Toyota Motor Corp [7] Performance Metrics - Year-to-date, the WisdomTree Japan Hedged Equity ETF has increased by approximately 10.64%, and it has risen about 35.91% over the last 12 months as of August 7, 2025 [8] - The ETF has a beta of 0.43 and a standard deviation of 19.49% over the trailing three-year period, indicating a medium risk profile [9] Alternatives - Other ETFs in the space include JPMorgan BetaBuilders Japan ETF (BBJP) with $13.44 billion in assets and iShares MSCI Japan ETF (EWJ) with $15.62 billion in assets, offering lower expense ratios [11] - Investors may consider traditional market cap weighted ETFs for potentially cheaper and lower-risk options [11]

A smart beta exchange traded fund, the Schwab Fundamental International Small Company Index ETF (FNDC) debuted on 08/13/2013, and offers broad exposure to the Foreign Small/Mid Value ETF category of the market.What Are Smart Beta ETFs?For a long time now, the ETF industry has been flooded with products based on market capitalization weighted indexes, which are designed to represent the broader market or a particular market segment.Investors who believe in market efficiency should consider market cap indexes ...

The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) made its debut on 11/08/2017, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Growth category of the market.What Are Smart Beta ETFs?Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.Market cap weighted indexes work great for investors who believe in market ef ...

Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund launched on 02/03/2015.What Are Smart Beta ETFs?The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.Investors who believe in market efficiency should consider market cap indexes, as they r ...

The ALPS (OUSA) was launched on 07/14/2015, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Value category of the market.What Are Smart Beta ETFs?Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a go ...

Group 1: ETF Market Overview - The ETF market in China has shown significant growth in both scale and number, reaching a total market size of 42,236.60 billion yuan with 1,194 products as of July 15, 2025 [1][9][24] - Stock ETFs dominate the market, accounting for 72.45% of the total market size, with a scale of 30,602.16 billion yuan, while thematic ETFs lead in product quantity with 459 products [1][10][25] - The average management fee for ETFs is 0.28%, and the average custody fee is 0.07%, which are lower than those of open-end stock and bond funds [1][14][15] Group 2: Development Stages of the ETF Market - The development of the ETF market in China can be divided into three stages: initial development (2004-2008), continuous expansion (2009-2017), and rapid growth (2018-present) [2][22] - The market size surged from 18,423.26 billion yuan in 2023 to 35,613.43 billion yuan in 2024, marking a 93.31% increase, primarily driven by the central financial account's increased holdings in large-scale ETFs [2][27][31] Group 3: Comparison with International Markets - Compared to Japan and the United States, China's ETF market still has room for improvement, with Japan's central bank's long-term purchasing strategy serving as a potential model for China's central financial account [2][34][42] - The U.S. ETF market is the largest globally, with a total asset size of approximately 10.98 trillion USD and 3,913 products, showcasing a more mature market structure [42][44] Group 4: Innovation Directions in the ETF Market - The current innovation in China's ETF market includes the introduction of index-enhanced ETFs, margin trading ETFs, Hong Kong Stock Connect ETFs, and technology innovation bond ETFs [3][47][56] - Future innovation directions may focus on incorporating ESG risk considerations in index compilation, expanding underlying assets to multi-asset ETFs, and increasing the coverage of T+0 trading mechanisms [3][58][62]

Core Insights - The iShares MSCI USA Equal Weighted ETF (EUSA) is a smart beta ETF that debuted on May 5, 2010, providing broad exposure to the Style Box - All Cap Blend category of the market [1] - EUSA is managed by Blackrock and aims to match the performance of the MSCI USA Equal Weighted Index, which includes equity securities in the top 85% by market capitalization in the U.S. [5] Fund Characteristics - EUSA has accumulated over $1.52 billion in assets, making it one of the larger ETFs in its category [5] - The ETF has an annual operating expense ratio of 0.09%, positioning it as one of the least expensive options in the market [6] - EUSA offers a 12-month trailing dividend yield of 1.49% [6] Sector Exposure and Holdings - The ETF has the highest allocation in the Information Technology sector, accounting for approximately 16.2% of the portfolio, followed by Industrials and Financials [7] - The top 10 holdings of EUSA represent about 2.51% of its total assets, with individual holdings like Blk Csh Fnd Treasury Sl Agency (XTSLA) at 0.33% [8] Performance Metrics - As of August 6, 2025, EUSA has gained approximately 5.67% year-to-date and 16.96% over the past year [9] - The fund has traded between $82.93 and $102.26 in the last 52 weeks, with a beta of 1.01 and a standard deviation of 16.87% over the trailing three-year period, indicating medium risk [9] Alternatives - EUSA is a viable option for investors looking to outperform the Style Box - All Cap Blend segment, but there are other ETFs available for consideration [10] - Alternatives include iShares Core S&P Total U.S. Stock Market ETF (ITOT) and Vanguard Total Stock Market ETF (VTI), which have significantly larger asset bases and lower expense ratios of 0.03% [11]

Launched on 06/23/2005, the Invesco Leisure and Entertainment ETF (PEJ) is a smart beta exchange traded fund offering broad exposure to the Consumer Discretionary ETFs category of the market.What Are Smart Beta ETFs?Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating mar ...

Core Viewpoint - The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) aims to provide broad exposure to the industrials sector through an equal-weighted strategy, which may offer potential advantages over traditional market-cap weighted ETFs [1][5]. Fund Overview - RSPN was launched on November 1, 2006, and is managed by Invesco, accumulating over $665.75 million in assets, positioning it as an average-sized ETF in the Industrials category [1][5]. - The fund seeks to match the performance of the S&P 500 Equal Weight Industrials Index, which equally weights stocks in the industrials sector of the S&P 500 [5]. Cost Structure - The annual operating expenses for RSPN are 0.40%, making it one of the more affordable options in the ETF space [6]. - The ETF has a 12-month trailing dividend yield of 0.92% [6]. Sector Exposure and Holdings - RSPN's portfolio is entirely allocated to the Industrials sector, with a heavy focus on diversification [7]. - Generac Holdings Inc (GNRC) constitutes approximately 1.45% of the fund's total assets, with the top 10 holdings accounting for about 13.72% of total assets under management [8]. Performance Metrics - As of August 6, 2025, RSPN has gained approximately 9.89% year-to-date and 21.97% over the past year [9]. - The ETF has traded between $43.34 and $56.33 in the past 52 weeks [9]. - RSPN has a beta of 1.09 and a standard deviation of 18.01% over the trailing three-year period, indicating a moderate level of risk [10]. Alternatives - Other ETFs in the industrials space include the Vanguard Industrials ETF (VIS) and the Industrial Select Sector SPDR ETF (XLI), which have significantly larger asset bases of $6.01 billion and $23.09 billion, respectively [12]. - VIS has a lower expense ratio of 0.09%, while XLI charges 0.08%, making them potentially more cost-effective options for investors [12].

Core Viewpoint - The First Trust Value Line Dividend ETF (FVD) is a smart beta ETF designed to provide broad exposure to the Large Cap Value category, with a focus on companies that pay above-average dividends and have potential for capital appreciation [1][5]. Fund Overview - FVD was launched on August 19, 2003, and is managed by First Trust Advisors, accumulating over $9.04 billion in assets, making it one of the larger ETFs in its category [1][5]. - The ETF seeks to match the performance of the Value Line Dividend Index, which is a modified equal dollar weighted index [5]. Cost Structure - FVD has an annual operating expense ratio of 0.61%, which is considered high compared to other products in the space [6]. - The ETF offers a 12-month trailing dividend yield of 2.25% [6]. Sector Exposure and Holdings - The ETF has a significant allocation in the Industrials sector, accounting for approximately 20.8% of the portfolio, followed by Utilities and Financials [7]. - The top 10 holdings represent about 4.81% of FVD's total assets, with Us Dollar ($USD) making up about 0.72% of the fund's total assets [8]. Performance Metrics - FVD has returned approximately 4.97% year-to-date and 10.03% over the last year as of August 6, 2025 [9]. - The ETF has traded between $40.62 and $46.70 in the past 52 weeks [9]. - It has a beta of 0.72 and a standard deviation of 13.02% over the trailing three-year period, indicating medium risk [10]. Alternatives - Other ETFs in the same space include Schwab U.S. Dividend Equity ETF (SCHD) and Vanguard Value ETF (VTV), which have significantly larger asset bases and lower expense ratios [12].