Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU US) – Portfolio Construction MethodologyThe underlying Solactive Municipal Infrastructure Revenue Bond Index supplies market-value-weighted exposure to U.S. tax-exempt infrastructure revenue bonds. Eligibility requires municipal bonds with deal size ≥ USD 100m and amount outstanding ≥ USD 40m (issues < USD 100m must be dated ≥ 2012), federal tax-exempt status, fixed-rate coupons (zeros excluded), investment-grade rating by at least one agency, and ti ...

Invesco S&P SmallCap 600 Revenue ETF (RWJ US) – Portfolio Construction MethodologyThe underlying S&P SmallCap 600 Revenue-Weighted Index reweights the S&P SmallCap 600—the committee-selected small-cap universe that typically spans roughly the 93rd–99th percentiles of U.S. market cap (~USD 1.2–8.0bn for new additions), with liquidity and profitability screens—by each constituent’s trailing twelve-month revenue. Eligible names are identical to the parent; there are no additional sector or style filters. At ea ...

iShares Global Consumer Discretionary ETF (RXI US) – Portfolio Construction MethodologyThe underlying S&P Global 1200 Consumer Discretionary (Sector) Capped Index delivers float-adjusted, market-cap-weighted exposure to consumer discretionary constituents of the S&P Global 1200 across developed and emerging markets as classified by GICS. Eligibility, investability, and ongoing maintenance follow the parent index’s large-cap selection process and committee oversight. To control concentration, the sector inde ...

Core Insights - The Invesco Raymond James SB-1 Equity ETF (RYJ US) is based on the Raymond James SB-1 Equity Index, which reflects the firm's highest conviction U.S. equity research ideas [1] - The index primarily includes U.S.-listed common stocks and depositary receipts with a "Strong Buy 1" (SB-1) recommendation, focusing on mid- and large-cap issuers [1] - The portfolio is constructed based on mechanical additions and deletions driven by rating changes and liquidity events, rather than by target stock counts, sectors, or style tilts [1] Portfolio Construction Methodology - The index employs minimum market-capitalization and trading-liquidity thresholds to ensure institutional tradability [1] - All SB-1 rated securities that meet investability criteria are included, with constituents equally weighted at each review [1] - Name-level risk is determined by the number of qualifying SB-1 securities, with no additional issuer or sector caps [1] - The index undergoes reconstitution and rebalancing on a semi-monthly basis to reflect the current SB-1 list [1]

iShares TIPS Bond ETF (TIP US) – Portfolio Construction MethodologyThe underlying Bloomberg US Treasury Inflation-Linked Bond Index (Series-L) offers market-value-weighted exposure to the full U.S. TIPS market. Eligible bonds are USD-denominated U.S. Treasury inflation-protected securities with at least 1 year remaining to maturity and a minimum amount outstanding of USD 500m; STRIPS and non-coupon instruments are excluded. Face amounts are inflation-adjusted; index weights reflect outstanding par times inf ...

Core Insights - The PIMCO Broad U.S. TIPS Index ETF (TIPZ) is designed to provide market value exposure to U.S. Treasury Inflation-Protected Securities (TIPS) with specific eligibility criteria [1] Group 1: Index Methodology - The underlying index is the ICE BofA U.S. Inflation-Linked Treasury Index, which includes TIPS with remaining maturity greater than one year and at least USD 300 million of original, uninflated par outstanding after deducting Federal Reserve SOMA holdings [1] - Eligible bonds are limited to fixed-rate USD issues of the U.S. Treasury, excluding STRIPS, FRNs, state and local government series, and agency debt [1] - Constituents are weighted by inflation-adjusted amount outstanding, which allows for accrued indexation to principal to directly influence weights between rebalances [1] - The index is rebalanced at each month-end, incorporating new auctions and reopenings that meet size and maturity tests while removing bonds falling below one year to maturity [1] - The index represents the full on-the-run and seasoned TIPS curve without issuer or maturity caps, enabling duration and real-yield exposure to adjust with the Treasury issuance profile [1]

iShares 20 Year Treasury Bond ETF (TLT US) – Portfolio Construction MethodologyThe underlying ICE US Treasury 20 Year Bond Index delivers market-value-weighted exposure to USD-denominated, fixed-rate nominal U.S. Treasury securities with remaining maturity ≥20 years. Eligible issues must have ≥USD 300m outstanding after deducting Federal Reserve SOMA holdings; TIPS, STRIPS and floaters are excluded. Constituents are weighted by amount outstanding; new auctions/re-openings are reflected at the scheduled mont ...

Core Insights - The ProShares DJ Brookfield Global Infrastructure ETF (TOLZ US) is designed to provide exposure to global developed-market infrastructure assets, focusing on companies that derive at least 70% of their cash flows from eligible infrastructure lines [1] Group 1: Portfolio Construction Methodology - The underlying index includes owners/operators of pure-play infrastructure assets such as airports, toll roads, ports, communications, electricity transmission and distribution, oil and gas storage/transport, and water [1] - Companies must meet investability and liquidity standards on developed-market exchanges, with ongoing inclusion subject to customary buffer tests [1] - Constituents are weighted based on float-adjusted market capitalization, with explicit concentration controls: no single stock can exceed 10%, any one country is capped at 50%, and any infrastructure sector is also limited to 50% [1] - The design allows for partnerships and Master Limited Partnerships (MLPs) while applying the same capping and liquidity discipline [1] - The index undergoes quarterly reconstitution and rebalancing, effective after the third Friday of March, June, September, and December, where cash-flow purity screens, investability filters, and caps are reapplied [1]

Core Insights - The Tortoise North American Pipeline Index provides exposure to pipeline companies in the U.S. and Canada, focusing on firms with significant pipeline-related operations [1] - Eligible companies include corporations, limited liability companies, and master limited partnerships (MLPs) [1] - The index employs a float-adjusted, capitalization-weighted methodology with a maximum weight of 7.5% for affiliated securities to limit exposure to related corporate structures [1] - The index covers a broad range of midstream activities across liquids and natural gas systems and is rebalanced quarterly to reflect corporate actions and sector developments [1] Company and Industry Summary - The index targets firms classified under pipeline-related SIC codes or those deriving at least 50% of their assets, cash flow, or revenue from energy pipelines and related services [1] - The methodology ensures proportionality based on float, maintaining a balanced representation of the sector [1] - The quarterly review and rebalancing process allows the index to adapt to changes in the market and corporate landscape while preserving its investment strategy [1]

iShares MSCI Turkey ETF (TUR US) – Portfolio Construction MethodologyThe underlying MSCI Turkey IMI 25/50 Index offers free float-adjusted, market-cap exposure to large, mid and small Turkish equities meeting MSCI Global Investable Market Indexes rules. Eligibility requires minimum free-float and liquidity; additions must meet size cutoffs tied to the relevant Market Size-Segment Interim Cutoff (typically ≥50% of the global minimum size range for the segment, with higher thresholds when free float is <15%). ...