First Trust NASDAQ ABA Community Bank Index Fund (QABA US) – Portfolio Construction MethodologyThe underlying Nasdaq OMX ABA Community Bank Index offers modified market-cap exposure to Nasdaq-listed U.S. banks and thrifts, or their holding companies, drawn from the ABA Nasdaq Community Bank Index. Constituents must be Nasdaq listed, classified to the banks supersector (or so designated by the American Bankers Association), have market cap ≥ USD 200 million and 3-month ADV ≥ USD 500,000, and are excluded if ...

Core Insights - The Northern Trust Quality Dividend Defensive Index targets a lower-beta U.S. equity portfolio focusing on dividend payers with strong fundamentals [1] - The index excludes non-dividend payers and the lowest quality quintile based on a proprietary model assessing management efficiency, profitability, and cash flow [1] - The remaining stocks are optimized to maximize quality exposure, increase dividend yield above the parent index, and meet beta targets while minimizing active risk [1] Portfolio Construction Methodology - The index employs constraints on security weight (±5% vs parent), industry (±10%), sector (±6%), country (±6%), region (±4%), and combined region/sector (±5%) [1] - Turnover is limited to approximately 25% per rebalance, which occurs quarterly on the last U.S. business day of February, May, August, and November [1] - The reconstitution and rebalancing of the index are effective after market close on the specified dates [1]

American Century U.S. Quality Growth ETF (QGRO US) – Portfolio Construction MethodologyThe underlying American Century U.S. Quality Growth Index delivers large- and mid-cap U.S. exposure by screening the S-Network US Equity Large/Mid-Cap 1000 universe after dropping the bottom 2% by market cap. A quality screen removes the lowest-scoring 25% overall and within each industry using profitability (e.g., ROA, ROE, gross profitability, asset turnover, free cash flow/assets), earnings-quality and leverage metrics ...

Group 1 - The Invesco QQQ Trust targets the 100 largest non-financial companies listed on the Nasdaq, with specific eligibility criteria for inclusion [1] - Companies must have a primary listing on the Nasdaq Global Select Market or Nasdaq Global Market, with REITs and SPACs being ineligible, while ADRs are eligible [1] - Initial inclusion requires three full calendar months of listing, a free float of at least 10%, and a three-month average daily traded value of at least USD 5 million [1] Group 2 - The index undergoes an annual reconstitution in December, where issuers are ranked by combined eligible share-class market capitalization, selecting the top 75 and retaining current members ranked 76-100 [1] - Current members ranked 101-125 may fill remaining slots if necessary, ensuring a robust selection process [1] - The index is modified market-cap-weighted, with quarterly rebalances enforcing weight limits to prevent any company from exceeding 24% and the aggregate of companies over 4.5% from exceeding 48% [1] Group 3 - December rebalances introduce security-level caps, limiting any single security to a maximum of 14%, with the top five aggregate weight set to 38.5% and others capped at 4.4% or the weight of the fifth security [1]

Invesco S&P 500 Pure Growth ETF (RPG US) – Portfolio Construction MethodologyThe underlying S&P 500 Pure Growth Index targets the subset of S&P 500 constituents exhibiting the strongest growth characteristics. Each S&P 500 stock receives growth and value style scores using S&P’s U.S. Style framework (growth commonly incorporates sales growth, earnings change-to-price, and price momentum; value uses book-/earnings-/sales-to-price). Only securities with 100% of their float-adjusted market cap allocated to gro ...

FT Vest U.S. Equity Equal Weight Buffer ETF – December (RSDE US) – Portfolio Construction MethodologyThe investment strategy guiding the actively managed FT Vest U.S. Equity Equal Weight Buffer ETF – December seeks to match the price return of the Invesco S&P 500 Equal Weight ETF while targeting a defined outcome over a December-to-December outcome period. The portfolio holds exchange-listed FLEX options referencing the equal-weighted U.S. large-cap universe and collateral in cash or short-term USD instrume ...

FT Vest U.S. Equity Equal Weight Buffer ETF – June (RSJN US) – Portfolio Construction MethodologyThe investment strategy steering the actively managed FT Vest U.S. Equity Equal Weight Buffer ETF – June targets the price return of the Invesco S&P 500 Equal Weight ETF over a June-to-June outcome period using a defined-outcome options overlay. The portfolio primarily holds exchange-listed FLEX options on the equal-weighted U.S. large-cap reference and cash or short-term USD collateral; option ladders are desig ...

Invesco S&P 500 Equal Weight ETF (RSP US) – Portfolio Construction MethodologyThe underlying S&P 500 Equal Weight Index offers a company-level equal-weight reconstitution of the S&P 500, assigning each constituent the same target weight (1/N) at each quarterly rebalance. Selection follows the S&P 500’s eligibility and maintenance rules; sector and company counts therefore mirror the parent universe except for temporary corporate-action lags. At each rebalance, index shares are set so that all companies carr ...

Rareview Tax Advantaged Income ETF (RTAI US) – Portfolio Construction MethodologyThe investment strategy governing the actively managed Rareview Tax Advantaged Income ETF seeks total return with an emphasis on federally tax-exempt income by allocating primarily to municipal bond closed-end funds trading at discounts or premiums to NAV that pay regular cash distributions. The portfolio is managed as a fund-of-funds; under normal conditions it concentrates in muni CEFs and may use ETFs representative of munic ...

Core Insights - The VanEck Vectors Retail ETF (RTH US) is designed to provide concentrated exposure to the largest and most liquid US-listed companies that derive at least 50% of their revenue from retail activities [1] Group 1: Portfolio Construction Methodology - The underlying index, MVIS US Listed Retail 25 Index, includes companies that meet specific criteria such as a free float of at least 10%, a full market cap greater than USD 150 million, and a three-month average daily volume (ADV) of at least USD 1 million with a minimum of 250,000 shares traded per month [1] - New entrants to the index are selected semiannually in March and September, where eligible companies are ranked by free-float market cap and trading volume [1] - The top 25 companies are initially selected, with a buffer of 10-40 positions that retains incumbents by including the top 10 and refilling from current members ranked 11-40 before considering other candidates [1] - The weighting methodology is based on modified free-float market cap, where the largest 5-10 positions (each over 4.5%) are grouped and capped at 50%, with individual company caps set at 20% and floors at 5%; remaining constituents are capped at 4.5% [1]