Core Insights - The iShares Core Dividend Growth ETF (DGRO) is a smart beta ETF launched on June 10, 2014, designed to provide broad exposure to the Large Cap Value category [1] - DGRO is managed by Blackrock and has accumulated over $34.03 billion in assets, making it one of the largest ETFs in its category [5] - The fund aims to match the performance of the Morningstar US Dividend Growth Index, which includes U.S. equities with a history of consistently growing dividends [5] Cost and Performance - DGRO has an annual operating expense of 0.08%, positioning it as one of the least expensive options in the ETF space [6] - The fund's 12-month trailing dividend yield is 2.10% [6] - As of September 11, 2025, DGRO has gained approximately 10.8% year-to-date and 12.61% over the past year, with a trading range between $55.22 and $67.33 in the last 52 weeks [10] Sector Exposure and Holdings - The Financials sector represents 20.3% of DGRO's portfolio, followed by Information Technology and Healthcare [7] - Top holdings include Apple Inc (3.23% of total assets), Johnson & Johnson, and Microsoft Corp, with the top 10 holdings accounting for about 27.77% of total assets [8] Risk Profile - DGRO has a beta of 0.84 and a standard deviation of 13.59% over the trailing three-year period, indicating a medium risk profile [10] - The fund consists of approximately 405 holdings, effectively diversifying company-specific risk [10] Alternatives - Other ETFs in the same space include WisdomTree U.S. Quality Dividend Growth ETF (DGRW) with $16.41 billion in assets and Vanguard Dividend Appreciation ETF (VIG) with $97.34 billion [12] - DGRW has an expense ratio of 0.28%, while VIG has a lower expense ratio of 0.05% [12]

Core Viewpoint - The First Trust Large Cap Value AlphaDEX ETF (FTA) is a smart beta ETF that aims to provide broad exposure to the large-cap value segment of the market, utilizing a unique stock selection methodology to potentially outperform traditional market cap weighted indexes [1][5]. Fund Overview - Launched on May 8, 2007, FTA has accumulated assets exceeding $1.14 billion, positioning it as an average-sized ETF within its category [1][5]. - The fund is managed by First Trust Advisors and seeks to match the performance of the Nasdaq AlphaDEX Large Cap Value Index, which employs an enhanced stock selection methodology [5]. Cost Structure - FTA has an annual operating expense ratio of 0.58%, making it one of the more expensive options in the large-cap value ETF space [6]. - The ETF offers a 12-month trailing dividend yield of 1.95% [6]. Sector Exposure and Holdings - The ETF's largest sector allocation is in Financials, comprising approximately 20.1% of the portfolio, followed by Healthcare and Industrials [7]. - D.R. Horton, Inc. (DHI) represents about 1.08% of the fund's total assets, with the top 10 holdings accounting for around 10% of total assets under management [8]. Performance Metrics - As of September 11, 2025, FTA has increased by approximately 8.92% year-to-date and 10.04% over the past year [10]. - The ETF has traded within a range of $67.12 to $83.49 over the last 52 weeks, with a beta of 0.92 and a standard deviation of 16.57% over the trailing three-year period, indicating medium risk [10]. Alternatives - While FTA is a viable option for investors looking to outperform the large-cap value segment, alternatives such as Schwab U.S. Dividend Equity ETF (SCHD) and Vanguard Value ETF (VTV) are available, with SCHD having $71.6 billion in assets and VTV at $145.21 billion [11][12]. - SCHD has a lower expense ratio of 0.06%, and VTV charges 0.04%, making them attractive options for cost-conscious investors [12].

Core Viewpoint - The First Trust Consumer Staples AlphaDEX ETF (FXG) is a smart beta ETF that aims to provide broad exposure to the Consumer Staples sector, utilizing a modified equal-dollar weighted index to potentially outperform traditional passive indices [1][5][6]. Fund Overview - FXG was launched on May 8, 2007, and has accumulated assets exceeding $284.05 million, categorizing it as an average-sized ETF in the Consumer Staples sector [1][5]. - The fund is managed by First Trust Advisors and seeks to match the performance of the StrataQuant Consumer Staples Index before fees and expenses [5]. Investment Strategy - FXG employs the AlphaDEX screening methodology to select stocks from the Russell 1000 Index, aiming to identify those with better risk-return performance based on fundamental characteristics [6][3]. - The fund's operating expenses are 0.62%, making it one of the more expensive options in the ETF space, with a 12-month trailing dividend yield of 2.24% [7]. Sector Exposure and Holdings - The fund has a significant allocation to the Consumer Staples sector, representing 87.7% of the portfolio, with Healthcare and Materials as the next largest sectors [8]. - Pilgrim's Pride Corporation (PPC) is the largest holding at approximately 4.56% of total assets, followed by The Kraft Heinz Company (KHC) and Molson Coors Beverage Company (TAP). The top 10 holdings constitute about 40.2% of total assets [9]. Performance Metrics - Year-to-date, FXG has returned approximately 1.03% and is down about -3.4% over the last 12 months as of September 11, 2025. The fund has traded between $61.21 and $70.06 in the past 52 weeks [11]. - FXG has a beta of 0.57 and a standard deviation of 12.82% over the trailing three-year period, indicating medium risk with more concentrated exposure than its peers [11]. Alternatives - Other ETFs in the Consumer Staples space include the Vanguard Consumer Staples ETF (VDC) and the Consumer Staples Select Sector SPDR ETF (XLP), which have significantly larger asset bases of $7.46 billion and $15.98 billion, respectively, and lower expense ratios of 0.09% and 0.08% [13].

Core Viewpoint - The Nuveen ESG Small-Cap ETF (NUSC) offers investors exposure to small-cap growth stocks while focusing on environmental, social, and governance (ESG) criteria, aiming to outperform traditional market cap weighted indexes [1][5]. Fund Overview - NUSC debuted on December 13, 2016, and has accumulated over $1.18 billion in assets, positioning it as an average-sized ETF in the small-cap growth category [1][5]. - The fund seeks to replicate the performance of the TIAA ESG Small-Cap Index, which includes equity securities from small-cap companies listed on U.S. exchanges [5]. Cost Structure - NUSC has an annual operating expense ratio of 0.31%, which is competitive within its peer group, and a 12-month trailing dividend yield of 1.10% [6]. Sector Exposure and Holdings - The ETF's largest sector allocation is in Industrials at approximately 18.3%, followed by Financials and Consumer Discretionary [7]. - Comfort Systems USA Inc (FIX) is the top holding at about 1.48% of total assets, with the top 10 holdings comprising around 9.94% of total assets under management [8]. Performance Metrics - As of September 11, 2025, NUSC has a return of approximately 3.84% and has increased by about 9.22% year-to-date [10]. - The fund has traded between $33.38 and $46.20 over the past 52 weeks, with a beta of 1.08 and a standard deviation of 20.74% over the trailing three-year period [10]. Alternatives - Other ETFs in the small-cap growth space include Vanguard ESG U.S. Stock ETF (ESGV) and iShares ESG Aware MSCI USA ETF (ESGU), which have larger asset bases and lower expense ratios [12].

Core Viewpoint - The First Trust Japan AlphaDEX ETF (FJP) is a smart beta ETF that aims to provide broad exposure to the Asia-Pacific (Developed) ETFs market, utilizing a unique stock selection methodology to potentially outperform traditional market cap weighted indexes [1][5]. Fund Overview - Launched on April 18, 2011, FJP has accumulated over $202.58 million in assets, categorizing it as an average-sized ETF in its segment [5]. - The fund is managed by First Trust Advisors and seeks to match the performance of the NASDAQ AlphaDEX Japan Index, which employs the AlphaDEX stock selection methodology [5]. Cost Structure - FJP has an annual operating expense ratio of 0.80%, making it one of the more expensive options in the ETF space [6]. - The fund's 12-month trailing dividend yield is reported at 2.16% [6]. Holdings and Sector Exposure - The top holding in FJP is Subaru Corporation (7270.JP), accounting for approximately 1.83% of total assets, followed by Sugi Holdings Co., Ltd. and Central Japan Railway Company [7]. - The top 10 holdings collectively represent about 17.54% of the fund's total assets under management [8]. Performance Metrics - As of September 10, 2025, FJP has gained approximately 29.42% year-to-date and 29.15% over the past year [9]. - The ETF has traded within a range of $47.79 to $67.08 over the last 52 weeks [9]. - FJP has a beta of 0.58 and a standard deviation of 20.36% over the trailing three-year period, indicating a medium risk profile [10]. Alternatives - Other ETFs in the Asia-Pacific (Developed) segment include JPMorgan BetaBuilders Japan ETF (BBJP) and iShares MSCI Japan ETF (EWJ), with assets of $14.11 billion and $15.51 billion respectively [12]. - BBJP has a lower expense ratio of 0.19%, while EWJ charges 0.50%, presenting cheaper alternatives for investors [12].

Core Insights - The Invesco KBW High Dividend Yield Financial ETF (KBWD) is a smart beta ETF launched on December 2, 2010, providing broad exposure to the Financials sector [1] - KBWD aims to match the performance of the KBW Nasdaq Financial Sector Dividend Yield Index, which includes 24 to 40 publicly listed financial companies in the US [5][6] - The ETF has an annual operating expense of 2.02% and a 12-month trailing dividend yield of 12.28% [7] Fund Overview - Managed by Invesco, KBWD has assets exceeding $430.92 million, categorizing it as an average-sized ETF in the Financials sector [5] - The fund's portfolio is entirely allocated to the Financials sector, with top holdings including Orchid Island Capital Inc (4.77%), Invesco Mortgage Capital Inc, and Dynex Capital Inc [8][9] Performance Metrics - As of September 10, 2025, KBWD has returned approximately 5.07% year-to-date and 5.82% over the past year, with a trading range between $12.37 and $15.76 in the last 52 weeks [11] - The fund has a beta of 1.15 and a standard deviation of 20.69% over the trailing three-year period, indicating medium risk [11] Alternatives - Other ETFs in the Financials sector include Vanguard Financials ETF (VFH) with $12.89 billion in assets and Financial Select Sector SPDR ETF (XLF) with $54.53 billion [13] - VFH has an expense ratio of 0.09% and XLF has 0.08%, presenting lower-cost options for investors [13]

Core Insights - The iShares MSCI USA Value Factor ETF (VLUE) is a smart beta ETF that debuted on April 16, 2013, providing broad exposure to the Style Box - Large Cap Value category [1] - VLUE is managed by Blackrock and has accumulated over $7.2 billion in assets, making it one of the larger ETFs in its category [5] - The fund seeks to match the performance of the MSCI USA Enhanced Value Index, which is based on a traditional market capitalization-weighted index [5] Cost and Expenses - VLUE has an annual operating expense of 0.15%, positioning it as one of the least expensive options in the market [6] - The fund offers a 12-month trailing dividend yield of 2.51% [6] Sector Exposure and Holdings - The Information Technology sector represents 32.6% of VLUE's portfolio, followed by Financials and Consumer Discretionary [7] - Cisco Systems Inc (CSCO) is the largest holding at approximately 7.16%, with the top 10 holdings accounting for about 33.85% of total assets [8] Performance Metrics - As of September 10, 2025, VLUE has increased by approximately 15.04% year-to-date and 17.58% over the past year [10] - The fund has a beta of 0.98 and a standard deviation of 16.67% 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), with SCHD having $71.46 billion in assets and VTV at $144.33 billion [12] - SCHD has an expense ratio of 0.06% and VTV at 0.04%, presenting lower-cost alternatives for investors [12]

Core Viewpoint - Index funds have gained popularity among investors as a means to optimize asset allocation and diversify risk, with Yongying Fund adopting a dual-track strategy of "broad-based foundation + innovative breakthrough" to navigate the competitive landscape [1] Company Development - Yongying Fund's index business started relatively late, initially adopting a conservative defensive strategy and focusing on building a foundational framework and conducting extensive market research [2] - A strategic turning point occurred in 2020 when the company recognized the need to move beyond merely "following" the market and began to explore differentiated opportunities, particularly in the booming medical sector [2][3] - The decision to launch a medical device ETF was based on the recognition of the unique investment value in the medical device sector, which was less saturated compared to other areas in healthcare [3] Investment Strategy - The company embraces "left-side" opportunities, focusing on sectors aligned with clear national policy directions, such as low-altitude economy and commercial aerospace, which were highlighted in government reports [4] - Despite being a latecomer in the index product market, the company leverages the creativity and efficiency of its research team to pursue challenging yet promising investment opportunities [4] Recent Product Launches - In 2023, the company launched a gold stock ETF to fill a gap in the domestic market, which has seen a net value increase of over 68% year-to-date as of September 3, 2025 [5] - The company emphasizes the importance of research and risk control in index investment, countering the misconception that index investing requires no research [5] Future Directions - The company plans to enhance its product matrix by focusing on three dimensions: refining broad-based products, embracing Smart Beta opportunities, and implementing a "two-step" strategy for new productivity sectors [6] - The refinement of broad-based products will involve detailed operations to capture market opportunities, while Smart Beta products are expected to gain market share as the market shifts towards a more configuration-oriented approach [6] - The "two-step" strategy involves initially launching actively managed funds in emerging sectors before transitioning to index products as market conditions improve [6][7] - The company aims to continuously expand its product offerings to build a competitive and comprehensive product matrix [7]

Group 1 - The market experienced a pullback today, with the Cash Flow ETF (159399) declining over 1%, but there was significant net subscription of over 40 million units during the day, indicating investor interest in lower prices [1] - Nanjing Securities noted that the growth sector carries substantial trading risks, while sectors with strong policy expectations, such as "anti-involution" and "promoting domestic demand," remain relatively undervalued, presenting better long-term investment opportunities [1] - The dividend style sectors have been overlooked in the short term due to rising risk appetite, but they may perform better as risk aversion returns, suggesting they could be suitable for defensive positioning [1] Group 2 - The Cash Flow ETF (159399) focuses on large and mid-cap stocks with strong defensive attributes and high dividend yields, which may help mitigate market volatility [2] - As of the end of August, the Cash Flow ETF has distributed dividends for six consecutive months since its launch, highlighting its consistent performance [2]

Group 1: Core Insights - The Schwab Fundamental Emerging Markets Equity ETF (FNDE) debuted on August 13, 2013, and offers broad exposure to the emerging markets ETF category [1] - FNDE is managed by Charles Schwab and has amassed over $7.34 billion in assets, making it one of the largest ETFs in the emerging markets space [5] - The fund seeks to match the performance of the Russell RAFI Emerging Markets Large Co. Index, focusing on large companies based on fundamental characteristics [5] Group 2: Cost and Performance - FNDE has an annual operating expense ratio of 0.39%, which is competitive within its peer group, and a 12-month trailing dividend yield of 4.01% [6] - Year-to-date, FNDE has increased by approximately 19.18%, and it was up about 18.82% over the last 12 months as of September 3, 2025 [9] - The fund has a beta of 0.62 and a standard deviation of 16.73% over the trailing three-year period, indicating a medium risk profile [10] Group 3: Holdings and Sector Exposure - FNDE's top holdings include Taiwan Semiconductor Manufacturing (4.67% of total assets), China Construction Bank Corp H, and Alibaba Group Holding Ltd, with the top 10 holdings accounting for about 24.37% of total assets [7][8] - The fund holds approximately 409 different stocks, providing effective diversification against company-specific risks [10] Group 4: Alternatives - While FNDE is a viable option for investors looking to outperform the broad emerging markets segment, alternatives such as Vanguard FTSE Emerging Markets ETF (VWO) and iShares Core MSCI Emerging Markets ETF (IEMG) are also available [11][12] - VWO has $96.18 billion in assets and an expense ratio of 0.07%, while IEMG has $101.47 billion in assets with a 0.09% expense ratio [12]