Core Insights - The Invesco S&P 500 Equal Weight Financials ETF (RSPF) debuted on November 1, 2006, and provides broad exposure to the Financials ETFs category [1] - RSPF is designed to match the performance of the S&P 500 Equal Weight Financials Index, which equally weights stocks in the financial sector [5] Fund Overview - RSPF is managed by Invesco and has accumulated over $321.89 million in assets, categorizing it as an average-sized ETF in the Financials sector [5] - The ETF has an annual operating expense ratio of 0.40% and a 12-month trailing dividend yield of 1.20% [6] Sector Exposure and Holdings - RSPF's portfolio is entirely allocated to the Financials sector, with Coinbase Global Inc (COIN) making up approximately 1.84% of total assets [7][8] - The top 10 holdings represent about 15.19% of RSPF's total assets under management [8] Performance Metrics - As of August 13, 2025, RSPF has gained approximately 6.68% year-to-date and 22.11% over the past year [9] - The ETF has a beta of 0.96 and a standard deviation of 17.19% over the trailing three-year period, indicating effective diversification of company-specific risk [10] Alternatives in the Market - Other ETFs in the Financials space include Vanguard Financials ETF (VFH) and Financial Select Sector SPDR ETF (XLF), with VFH having $12.62 billion in assets and XLF at $52.32 billion [12] - VFH has a lower expense ratio of 0.09% compared to RSPF, while XLF charges 0.08% [12]

Core Insights - The First Trust Capital Strength ETF (FTCS) offers investors exposure to the Style Box - Large Cap Blend category and has amassed over $8.42 billion in assets, making it one of the largest ETFs in this segment [1][5]. Investment Strategy - Smart beta ETFs, like FTCS, are designed to outperform traditional market capitalization weighted indexes by selecting stocks based on specific fundamental characteristics [2][3]. - FTCS tracks the Capital Strength Index, which is an equal-dollar weighted index focusing on well-capitalized companies with strong financial metrics [6]. Cost and Performance - FTCS has an annual operating expense of 0.52% and a 12-month trailing dividend yield of 1.21%, which is competitive within its peer group [7]. - The ETF has shown a performance increase of approximately 5.18% year-to-date and 8.12% over the past year, with a trading range between $81.60 and $94.03 in the last 52 weeks [11]. Sector Exposure and Holdings - The ETF's largest sector allocation is in Industrials at 23.6%, followed by Financials and Consumer Staples [8]. - Microsoft Corporation (MSFT) is the largest individual holding at 2.54% of total assets, with the top 10 holdings comprising about 22.99% of total assets under management [9]. Risk Profile - FTCS has a beta of 0.79 and a standard deviation of 12.87% over the trailing three-year period, indicating a medium risk profile with effective diversification across 51 holdings [11].

Group 1: Core Insights - The Invesco Global Water ETF (PIO) debuted on June 13, 2007, providing broad exposure to the Industrials ETFs category [1] - PIO is managed by Invesco and has accumulated over $274.11 million in assets, making it an average-sized ETF in its category [5] - The fund seeks to match the performance of the NASDAQ OMX Global Water Index, which tracks companies focused on water conservation and purification [5] Group 2: Cost and Performance - PIO has an annual operating expense ratio of 0.75%, which is considered high compared to other ETFs [6] - The ETF has a 12-month trailing dividend yield of 1.08% [6] - Year-to-date, PIO has increased by approximately 15.31% and has risen by about 12.26% over the past year [8] Group 3: Holdings and Risk - The top holding, Pentair Plc (PNR), constitutes about 8.22% of the fund's total assets, with the top 10 holdings making up approximately 59.35% of total assets [7] - PIO has a beta of 1.00 and a standard deviation of 17.55% over the trailing three-year period, indicating medium risk [9] Group 4: Alternatives - Alternatives to PIO include the First Trust Water ETF (FIW) and Invesco Water Resources ETF (PHO), with assets of $1.9 billion and $2.22 billion respectively [10] - FIW has an expense ratio of 0.51%, while PHO charges 0.59% [10]

Core Insights - The Invesco S&P 500 Equal Weight Health Care ETF (RSPH) aims to provide broad exposure to the health care sector through an equal-weighted strategy, launched on November 1, 2006 [1] Fund Overview - RSPH is sponsored by Invesco and has accumulated assets exceeding $688.49 million, positioning it as one of the larger ETFs in the health care category [5] - The ETF seeks to match the performance of the S&P 500 Equal Weight Health Care Index, which equally weights stocks in the health care sector of the S&P 500 [5] Cost Structure - RSPH has annual operating expenses of 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 0.79% [6] Sector Exposure and Holdings - The ETF is fully allocated to the health care sector, with approximately 100% of its portfolio dedicated to this area [7] - Key holdings include Moderna Inc (MRNA) at about 1.82% of total assets, with the top 10 holdings comprising around 17.56% of total assets under management [8] Performance Metrics - Year-to-date, RSPH has experienced a loss of approximately -3.38%, and over the past year, it is down about -7.84% as of August 12, 2025 [9] - The fund has traded between $26.81 and $32.53 in the past 52 weeks [9] - RSPH has a beta of 0.82 and a standard deviation of 15.82% over the trailing three-year period, indicating effective diversification of company-specific risk with around 62 holdings [10] Alternatives in the Market - Other ETFs in the health care sector include the Vanguard Health Care ETF (VHT) with $14.74 billion in assets and the Health Care Select Sector SPDR ETF (XLV) with $32.11 billion [12] - VHT has an expense ratio of 0.09%, while XLV charges 0.08%, presenting lower-cost alternatives for investors [12]

Launched on 10/21/2015, the SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is a smart beta exchange traded fund offering 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.A good option for investors who believe in market efficiency, market cap weighted indexes offer a low- ...

Core Viewpoint - Cash flow ETFs have become popular in overseas markets, and domestic products are seeing a surge in applications. The domestic free cash flow products are still in their infancy, while overseas cash flow products have achieved significant development results. The combination of "large and medium market capitalization + central state-owned enterprises + abundant cash flow" is expected to be one of the main investment themes for the year [1][7]. Group 1: Market Trends - The investment activity cash flow out of small-cap stocks has significantly decreased quarter-on-quarter in Q1 2025, while the cash flow out of large-cap stocks has been steadily increasing since June 2021. Future policies aimed at market capitalization management are expected to enhance the profitability of central state-owned enterprises [1]. - The domestic free cash flow index is still emerging, with various indices showing different characteristics. The FTSE China A-Share Free Cash Flow Focus Index has a more detailed selection space compared to similar indices like the National Securities Cash Flow Index and the CSI Cash Flow Index [1]. Group 2: Index Performance - The FTSE cash flow component stocks show a prominent large and medium market capitalization style, with 18% of stocks having a total market capitalization exceeding 100 billion. This higher market capitalization level and the inclusion of central state-owned enterprises make the FTSE cash flow index relatively resilient during market corrections [2]. - Since the base date (December 31, 2013), the FTSE cash flow index has shown smaller declines during market corrections compared to similar cash flow indices and the CSI Dividend Index [2]. Group 3: Risk-Return Analysis - Among the three cash flow indices, the FTSE cash flow index has a lower correlation with traditional styles, achieving the highest risk-return ratio of 0.85 as of July 18, 2025, compared to 0.63 for the CSI Dividend Index and 0.68 for the low-volatility dividend index [4][5]. - The FTSE cash flow index can effectively diversify risk and provide differentiated allocation in the context of increased institutional investment in actively managed equity funds due to their high elasticity [5]. Group 4: Investment Strategy - The FTSE cash flow index focuses on large and medium-cap stocks, utilizing free cash flow yield as a selection factor to enhance returns. It also incorporates quality and low volatility factors to further filter high-quality cash flow companies, thereby improving the index's risk resistance and long-term holding value [6][7]. - The cash flow ETF (159399) closely tracks the FTSE China A-Share Free Cash Flow Focus Index, selecting a group of "cash cow" companies in the A-share market, laying a solid foundation for long-term investment returns [7].

Core Insights - The WisdomTree International Hedged Quality Dividend Growth ETF (IHDG) is designed to provide broad exposure to developed market companies while neutralizing currency fluctuations against the U.S. dollar [1][6] - The fund has amassed over $2.4 billion in assets, making it one of the larger ETFs in the Broad Developed World ETFs category [5] - The ETF has an annual operating expense ratio of 0.58% and a 12-month trailing dividend yield of 2.62% [7] Fund Management and Strategy - Managed by WisdomTree, IHDG seeks to match the performance of the WisdomTree International Hedged Quality Dividend Growth Index [5] - The ETF employs a smart beta strategy, focusing on stock selection based on fundamental characteristics to enhance risk-return performance [3][4] Performance Metrics - The ETF has a return of approximately 5.06% and has increased by about 5.36% year-to-date as of August 11, 2025 [10] - IHDG has a beta of 0.72 and a standard deviation of 14.06% over the trailing three-year period, indicating medium risk [11] Holdings and Sector Exposure - The fund's top 10 holdings account for approximately 123.65% of its total assets under management, with the U.S. dollar comprising about 87.4% of total assets [8][9] - The ETF's diversified nature helps minimize single stock risk, with around 300 holdings [11] Alternatives and Market Position - IHDG may not be suitable for investors seeking to outperform the Broad Developed World ETFs segment, with alternatives like iShares Core Dividend Growth ETF (DGRO) and Vanguard Dividend Appreciation ETF (VIG) available [12][13] - DGRO has $32.82 billion in assets and an expense ratio of 0.08%, while VIG has $93.56 billion and an expense ratio of 0.05% [13]

Core Insights - The John Hancock Multifactor Small Cap ETF (JHSC) offers investors exposure to the Style Box - Small Cap Blend category, having debuted on November 8, 2017 [1] - Smart beta ETFs, like JHSC, aim to outperform traditional market cap weighted indexes by selecting stocks based on specific fundamental characteristics [3][4] - JHSC is managed by John Hancock and has accumulated over $566.07 million in assets, positioning it as an average-sized ETF in its category [5] Fund Details - JHSC seeks to match the performance of the JOHN HANCOCK DIMENSIONAL SMALL CAP INDEX, which includes U.S. companies with market capitalizations smaller than the 750th largest, excluding the smallest 4% [6] - The fund has an annual operating expense ratio of 0.42% and a 12-month trailing dividend yield of 1.06% [7] - The fund's largest sector allocation is in Industrials at approximately 22.8%, followed by Financials and Consumer Discretionary [8] Holdings and Performance - JHSC's top holdings include Nextracker Inc Cl A (0.55% of total assets), Commvault Systems Inc, and Planet Fitness Inc Cl A, with the top 10 holdings accounting for about 5.11% of total assets [9] - As of August 11, 2025, JHSC has experienced a year-to-date loss of -0.01% and a one-year gain of 6.96%, with a trading range between $32.47 and $43.65 over the past 52 weeks [11] Alternatives - Other ETFs in the small-cap space include Vanguard Small-Cap ETF (VB) and iShares Core S&P Small-Cap ETF (IJR), which have significantly larger assets and lower expense ratios of 0.05% and 0.06%, respectively [13]

Core Insights - The Invesco RAFI Emerging Markets ETF (PXH) is a smart beta ETF that debuted on September 27, 2007, providing broad exposure to the emerging markets category [1] - PXH is managed by Invesco and has accumulated over $1.54 billion in assets, making it one of the larger ETFs in the Broad Emerging Market ETFs segment [5] - The fund aims to match the performance of the FTSE RAFI Emerging Markets Index, which selects equities based on fundamental measures such as book value, cash flow, sales, and dividends [6] Fund Characteristics - The ETF has an annual operating expense ratio of 0.47%, which is competitive within its peer group, and a 12-month trailing dividend yield of 3.40% [7] - The top holdings include Taiwan Semiconductor Manufacturing Co Ltd (6.04% of total assets), Alibaba Group Holding Ltd, and China Construction Bank Corp, with the top 10 holdings accounting for approximately 29.85% of total assets [8][9] Performance Metrics - Year-to-date, PXH has increased by about 19.06%, and it was up approximately 25.26% over the last 12 months as of August 11, 2025 [10] - The ETF has a beta of 0.57 and a standard deviation of 17.81% over the trailing three-year period, indicating a medium risk profile [11] Alternatives in the Market - Other ETFs in the emerging markets space include Vanguard FTSE Emerging Markets ETF (VWO) with $94.77 billion in assets and iShares Core MSCI Emerging Markets ETF (IEMG) with $100.39 billion in assets, both of which have lower expense ratios of 0.07% and 0.09% respectively [13]

Core Insights - The Invesco S&P 500 Equal Weight Utilities ETF (RSPU) debuted on November 1, 2006, providing broad exposure to the Utilities/Infrastructure ETFs category [1] - RSPU is managed by Invesco and has amassed assets over $454.72 million, making it an average-sized ETF in its category [5] - The ETF seeks to match the performance of the S&P 500 Equal Weight Utilities Plus Index, which equally weights the common stocks of utilities sector companies in the S&P 500 [5] Fund Characteristics - RSPU has an annual operating expense ratio of 0.40% and a 12-month trailing dividend yield of 2.38% [6] - The ETF's heaviest allocation is in the Utilities sector, accounting for approximately 100% of the portfolio, with top holdings including Vistra Corp (3.67%), Constellation Energy Corp, and Nrg Energy Inc [7][8] - The top 10 holdings represent about 33.33% of RSPU's total assets under management [8] Performance Metrics - RSPU has gained approximately 16.35% year-to-date and is up about 23.84% over the last year as of August 11, 2025 [9] - The ETF has traded between $62.69 and $76.68 in the past 52 weeks [9] - RSPU has a beta of 0.56 and a standard deviation of 17.45% for the trailing three-year period, indicating more concentrated exposure than its peers [10] Alternatives - Investors seeking to outperform the Utilities/Infrastructure ETFs segment may consider alternatives such as the Vanguard Utilities ETF (VPU) and the Utilities Select Sector SPDR ETF (XLU), which have significantly larger assets of $7.4 billion and $21.27 billion respectively [12] - VPU has an expense ratio of 0.09% and XLU has an expense ratio of 0.08%, making them cheaper options compared to RSPU [12]