Wahed FTSE USA Shariah ETF (HLAL US) – Portfolio Construction MethodologyThe underlying FTSE USA Shariah Index offers free-float market-cap exposure to Shariah-compliant large- and mid-cap U.S. equities selected from the FTSE USA universe. Business screens exclude conventional finance, alcohol, tobacco, pork-related products, gambling, weapons, adult entertainment, and certain music/film broadcasting. Financial ratio screens require: debt <33.333% of total assets; cash and interest-bearing items <33.333% of ...

Core Insights - The John Hancock High Yield ETF (JHHY) aims to maximize current income from USD-denominated below-investment-grade corporate bonds while maintaining characteristics similar to the U.S. high-yield market [1] Investment Strategy - The ETF invests at least 80% of net assets in bonds rated BB–D/Ba–D or unrated equivalents at the time of purchase, covering both U.S. and foreign corporate issuers [1] - There is no average-maturity limit for the portfolio, allowing for flexibility in bond selection [1] Portfolio Construction - The portfolio construction combines top-down sector and interest-rate positioning with bottom-up fundamental analysis and relative-value assessments [1] - The ETF typically targets over 400 positions to ensure high diversification and aims for risk traits comparable to the ICE BofA U.S. High Yield Constrained Index [1] Risk Management - Derivatives such as credit default swaps and foreign-currency swaps may be utilized for risk management, efficient exposure, and return enhancement [1] - The creation and redemption process may be cash-based, which can influence tax efficiency and turnover [1]

Core Insights - The First Trust Rising Dividend Achievers ETF (RDVY) targets U.S. common stocks that demonstrate consistent dividend growth and maintain balance-sheet discipline [1] Group 1: Eligibility Criteria - Stocks must be among the top ~750 by market capitalization and have a 3-month average daily trading volume (ADVT) of at least USD 5 million [1] - Eligible stocks must pay regular cash dividends and show both 3-year and 5-year dividend-per-share growth compared to the prior 12-month period [1] - The dividend payout ratio must be 65% or lower, and cash to debt ratio must exceed 50% [1] Group 2: Selection and Ranking - Candidates are ranked based on dividend growth and payout sustainability, with a selection of up to 50 names [1] - At least 33 of the selected stocks must be large-cap, and a maximum of 15 can come from any single ICB industry to reduce concentration risk [1] - Constituents of the index are equal-weighted [1] Group 3: Rebalancing and Reconstitution - The index undergoes reconstitution and rebalancing on a quarterly basis, specifically in March, June, September, and December [1] - Buffers are implemented to limit unnecessary turnover and corporate-action drift between reviews [1]

Core Viewpoint - The ProShares Ultra Yen (YCL US) aims to deliver approximately twice the daily return of the Japanese yen against the U.S. dollar through a dynamically managed portfolio of financial instruments rather than holding physical currency [1] Investment Strategy - The fund utilizes a portfolio constructed from swap agreements, futures, and forward contracts that reference the JPYUSD exchange rate [1] - A rules-based model determines the mix and notional size of these instruments to maintain aggregate exposure close to 200 percent of the benchmark at each net asset value calculation [1] - Unencumbered cash is invested in USD cash equivalents, including U.S. Treasury bills and high-quality short-term fixed income, which also serve as margin and collateral [1] Portfolio Management - The portfolio is adjusted daily to reflect movements in the yen, changes in contract values, and investor flows [1] - Positions are resized rather than tactically timed, allowing longer-horizon outcomes to reflect compounding of leveraged, path-dependent daily returns [1]

Core Viewpoint - The Innovator 1 Yr February investment strategy aims to provide large-cap U.S. equity exposure through an equity defined protection framework, targeting the SPDR S&P 500 ETF Trust's performance over a one-year period while ensuring downside protection and a capped upside [1] Investment Strategy - The fund primarily invests in centrally cleared FLEX options on the Underlying ETF, utilizing a combination of long call spreads and put positions to create a specific payoff profile rather than directly owning the ETF [1] - Each February Outcome Period involves resetting strikes and maturities, with the option sleeve typically held until expiration, while interim trading is focused on primary-market flows and maintaining targeted option exposures [1]