Core Insights - The Nuveen ESG Mid-Cap Growth ETF (NUMG) debuted on December 13, 2016, providing broad exposure to the mid-cap growth category of the market [1] Fund Overview - Managed by Nuveen, NUMG has accumulated over $398.5 million in assets, positioning it as an average-sized ETF in its category [5] - The fund aims to match the performance of the TIAA ESG USA Mid-Cap Growth Index, which includes equity securities from mid-cap companies listed on U.S. exchanges [5] Cost Structure - The annual operating expense ratio for NUMG is 0.31%, which is competitive with most peer products [6] - The fund has a 12-month trailing dividend yield of 0.06% [6] Sector Allocation and Holdings - The largest sector allocation for NUMG is Information Technology, comprising approximately 25.8% of the portfolio, followed by Industrials and Healthcare [7] - Quanta Services Inc. (PWR) represents about 3.97% of the fund's total assets, with the top 10 holdings accounting for approximately 33.43% of total assets under management [8] Performance Metrics - As of August 4, 2025, NUMG has increased by roughly 0.23% year-to-date and is up approximately 13.68% over the past year [10] - The fund has traded between $37.77 and $51.47 in the past 52 weeks, with a beta of 1.14 and a standard deviation of 21.33% over the trailing three-year period [10] Alternatives - Other ETFs in the mid-cap growth space include Vanguard ESG U.S. Stock ETF (ESGV) and iShares ESG Aware MSCI USA ETF (ESGU), with assets of $10.68 billion and $13.75 billion respectively [12] - ESGV has an expense ratio of 0.09%, while ESGU has an expense ratio of 0.15% [12]

Core Insights - The BNY Mellon US Large Cap Core Equity ETF (BKLC) is a passively managed ETF launched on April 9, 2020, with assets exceeding $3.65 billion, targeting the Large Cap Blend segment of the US equity market [1] - Large cap companies typically have market capitalizations above $10 billion, offering stability and reliable cash flows compared to mid and small cap companies [2] - The ETF has an annual operating expense ratio of 0%, making it one of the least expensive options in its category, with a 12-month trailing dividend yield of 1.14% [3] Sector Exposure and Holdings - The ETF has a significant allocation of approximately 34.1% to the Information Technology sector, followed by Financials and Consumer Discretionary [4] - Nvidia Corp (NVDA) represents about 7.14% of total assets, with Microsoft Corp (MSFT) and Apple Inc (AAPL) also among the top holdings; the top 10 holdings account for around 35.57% of total assets [5] Performance Metrics - BKLC aims to match the performance of the SOLACTIVE GBS UNITED STATES 500 INDEX, which tracks the largest 500 US companies; it has gained approximately 6.96% year-to-date and 16.98% over the past year as of August 4, 2025 [6] - The ETF has a beta of 1.03 and a standard deviation of 16.87% over the trailing three-year period, indicating effective diversification with about 510 holdings [7] Alternatives and Market Position - BKLC holds a Zacks ETF Rank of 2 (Buy), indicating strong potential based on expected returns, expense ratio, and momentum, making it a solid choice for investors seeking Large Cap Blend exposure [8] - Other comparable ETFs include the SPDR S&P 500 ETF (SPY) and the Vanguard S&P 500 ETF (VOO), with assets of $644.75 billion and $686.74 billion respectively, and expense ratios of 0.09% and 0.03% [9] Investment Trends - There is a growing trend among retail and institutional investors towards passively managed ETFs due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [10]

Group 1 - Invesco NASDAQ 100 ETF (QQQM) has reached a 52-week high and is up 40% from its 52-week low price of $165.72/share [1] - The ETF provides exposure to 105 of the largest domestic and international non-financial companies listed on Nasdaq, with an annual fee of 15 basis points [1] - The recent surge in the Nasdaq index is attributed to strong earnings from major companies like Alphabet and Meta Platforms, which are increasing their capital spending and investing in artificial intelligence [2] Group 2 - QQQM currently holds a Zacks ETF Rank 1 (Strong Buy), indicating potential for continued outperformance in the coming months [3] - The sectors represented in QQQM have a strong Zacks Industry Rank, suggesting promising opportunities for investors looking to capitalize on the ETF's upward momentum [3]

Core Viewpoint - The Inspire 500 ETF (PTL) launched on March 25, 2024, aims to provide broad exposure to the Large Cap Blend segment of the US equity market, with assets exceeding $418.91 million, positioning it as an average-sized ETF in this category [1]. Group 1: Fund Overview - The ETF is passively managed and sponsored by Inspire, focusing on large cap companies with market capitalizations above $10 billion, which are generally stable and less volatile [2]. - The fund has an annual operating expense ratio of 0.09%, making it one of the least expensive options in the market, and it offers a 12-month trailing dividend yield of 1.27% [3]. Group 2: Sector Exposure and Holdings - The ETF has a significant allocation of approximately 27.2% to the Information Technology sector, followed by Industrials and Financials [4]. - Broadcom Inc (AVGO) is the largest holding at about 8.33% of total assets, with Palantir Technologies (PLTR) and Exxon Mobil Corp (XOM) also among the top holdings. The top 10 holdings represent about 28.44% of total assets under management [5]. Group 3: Performance Metrics - The ETF aims to match the performance of the INSPIRE 500 INDEX, which includes the 500 largest US companies with Inspire Impact Scores of zero or higher. As of August 1, 2025, the ETF has gained approximately 11.72% year-to-date and 16.77% over the past year, with a trading range of $181.36 to $239.76 in the last 52 weeks [6]. - The ETF has a beta of 1.04 and a standard deviation of 18.63% over the trailing three-year period, indicating effective diversification with around 449 holdings [7]. Group 4: Alternatives and Market Position - The Inspire 500 ETF holds a Zacks ETF Rank of 3 (Hold), suggesting it is a reasonable option for investors seeking exposure to the Large Cap Blend market segment. Other alternatives include the SPDR S&P 500 ETF (SPY) and the Vanguard S&P 500 ETF (VOO), which have significantly larger asset bases of $654.85 billion and $699.18 billion, respectively [8][9]. Group 5: Market Trends - There is a growing trend among retail and institutional investors towards passively managed ETFs due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [10].

Core Viewpoint - The First Trust Rising Dividend Achievers ETF (RDVY) is a passively managed ETF that aims to provide broad exposure to the Large Cap Value segment of the US equity market, with significant assets under management and a focus on dividend-paying companies [1][7]. Group 1: ETF Overview - RDVY was launched on January 7, 2014, and has accumulated over $15.46 billion in assets, making it one of the larger ETFs in its category [1]. - The ETF has an annual operating expense ratio of 0.48% and a 12-month trailing dividend yield of 1.44% [4]. - It seeks to match the performance of the NASDAQ US Rising Dividend Achievers Index, which includes companies with a history of paying dividends [7]. Group 2: Market Characteristics - Large cap companies, typically with market capitalizations above $10 billion, are considered more stable with predictable cash flows and lower volatility compared to mid and small cap companies [2]. - Value stocks, which RDVY focuses on, generally have lower price-to-earnings and price-to-book ratios, and while they have lower sales and earnings growth rates, they have historically outperformed growth stocks in most markets [3]. Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Financials sector, comprising about 36.5% of the portfolio, followed by Information Technology and Industrials [5]. - Meta Platforms Inc. (META) accounts for approximately 2.3% of total assets, with the top 10 holdings representing about 22.2% of total assets under management [6]. Group 4: Performance Metrics - As of August 1, 2025, RDVY has gained approximately 7.84% year-to-date and 9.92% over the past year, with a trading range between $51.60 and $64.37 in the past 52 weeks [7]. - The ETF has a beta of 1.07 and a standard deviation of 18.88% over the trailing three-year period, indicating a medium risk profile [8]. Group 5: Alternatives and Market Position - RDVY carries a Zacks ETF Rank of 3 (Hold), suggesting it is a sufficient option for investors seeking exposure to the Large Cap Value area [9]. - Alternative ETFs in this space include the Schwab U.S. Dividend Equity ETF (SCHD) with $69.21 billion in assets and an expense ratio of 0.06%, and the Vanguard Value ETF (VTV) with $139.05 billion in assets and an expense ratio of 0.04% [10]. Group 6: Investor Appeal - Passively managed ETFs like RDVY are increasingly favored by retail and institutional investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11].

Core Viewpoint - The Invesco S&P MidCap Quality ETF (XMHQ) is a passively managed ETF aimed at providing broad exposure to the Mid Cap Blend segment of the US equity market, with assets exceeding $4.90 billion, making it one of the larger ETFs in this category [1]. Group 1: Mid Cap Blend Characteristics - Mid cap companies, with market capitalizations between $2 billion and $10 billion, generally exhibit higher growth prospects and lower volatility compared to large and small cap companies, offering a balance of stability and growth potential [2]. Group 2: Costs and Performance - The ETF has an annual operating expense ratio of 0.25%, which is competitive within its peer group, and a 12-month trailing dividend yield of 0.65% [3]. - XMHQ aims to match the performance of the S&P MIDCAP 400 QUALITY INDEX, with a year-to-date return of approximately 2.97% and a decline of about 1.23% over the past year as of August 1, 2025 [6]. Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Industrials sector, comprising about 35.4% of the portfolio, followed by Financials and Healthcare [4]. - Carlisle Cos Inc (CSL) is the largest holding at approximately 4.72% of total assets, with the top 10 holdings accounting for about 28.61% of total assets under management [5]. Group 4: Risk and Alternatives - XMHQ has a beta of 1.02 and a standard deviation of 20.39% over the trailing three-year period, indicating effective diversification of company-specific risk with around 82 holdings [7]. - Alternatives to XMHQ include the Vanguard Mid-Cap ETF (VO) and the iShares Core S&P Mid-Cap ETF (IJH), which have larger asset bases and lower expense ratios of 0.04% and 0.05%, respectively [9]. Group 5: Bottom Line - Passively managed ETFs like XMHQ are favored by both institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [10].

（文章来源：每日经济新闻） 科创综指ETF国泰（589630）跟踪的是科创综指（000680），当日涨跌幅可达20%。该指数涵盖了在科 创板上市的所有股票，旨在反映科创板整体市场表现。科创综指成分股多为科技创新型企业，覆盖信息 技术、生物科技等多个前沿领域，强调科技与创新属性，行业配置上侧重于新兴技术和高成长性行业。 民生证券指出，证监会年中工作会议强调激发多层次市场活力，推动科创板改革举措落地，推出深化创 业板改革的一揽子举措。科创债承销规模显著增长，上半年68家券商承销金额达3813.91亿元，同比增 长56.48%，显示资本市场对科技创新领域的支持力度持续加大。科创板与创业板新规稳步落地实施， 有助于提升资本市场包容性，更好支持成长初期企业融资需求。 ...

Core Viewpoint - The FlexShares US Quality Large Cap ETF (QLC) is a passively managed fund aimed at providing broad exposure to the Large Cap Blend segment of the US equity market, with assets exceeding $547.58 million [1] Group 1: Fund Overview - Launched on September 23, 2015, QLC is designed to match the performance of the Northern Trust Quality Large Cap Index [1][6] - The fund is sponsored by Flexshares and is considered an average-sized ETF in its category [1] Group 2: Investment Characteristics - Large cap companies, typically with market capitalizations above $10 billion, are viewed as more stable investments due to predictable cash flows and lower volatility compared to mid and small cap stocks [2] - QLC holds a mix of growth and value stocks, providing characteristics of both investment styles [2] Group 3: Costs and Performance - The annual operating expenses for QLC are 0.25%, which is competitive within its peer group, and it has a 12-month trailing dividend yield of 0.93% [3] - As of July 31, 2025, QLC has increased by approximately 10.11% year-to-date and 18.84% over the past year, with a trading range between $56.84 and $73.22 in the last 52 weeks [7] Group 4: Sector Exposure and Holdings - The ETF has a significant allocation to the Information Technology sector, comprising about 34% of the portfolio, followed by Financials and Telecom [4] - Nvidia Corp (NVDA) is the largest holding at approximately 7.02% of total assets, with Apple Inc (AAPL) and Microsoft Corp (MSFT) also among the top three holdings [5] Group 5: Risk Profile - QLC has a beta of 0.99 and a standard deviation of 16.71% over the trailing three-year period, indicating a medium risk profile [7] - The ETF effectively diversifies company-specific risk with around 167 holdings [7] Group 6: Alternatives and Market Position - QLC holds a Zacks ETF Rank of 2 (Buy), indicating strong potential based on expected returns, expense ratio, and momentum [9] - Other ETFs in the same space include the SPDR S&P 500 ETF (SPY) and the Vanguard S&P 500 ETF (VOO), which have significantly larger asset bases and lower expense ratios [10]

Core Insights - The iShares U.S. Small-Cap Equity Factor ETF (SMLF) is a passively managed ETF launched on April 28, 2015, with assets exceeding $1.94 billion, targeting the Small Cap Blend segment of the US equity market [1][2] Fund Characteristics - Small cap companies are defined as those with market capitalizations below $2 billion, typically presenting higher potential and risk compared to larger companies [2] - SMLF has an annual operating expense ratio of 0.15%, making it one of the more cost-effective options in its category, with a 12-month trailing dividend yield of 1.34% [3] Sector Allocation and Holdings - The ETF has a significant allocation to the Industrials sector, comprising approximately 19% of the portfolio, followed by Financials and Information Technology [4] - Key individual holdings include Emcor Group Inc (EME) at about 1.04% of total assets, along with Carvana Class A (CVNA) and Jabil Inc (JBL) [5] Performance Metrics - SMLF aims to replicate the performance of the MSCI USA Small Cap Diversified Multiple-Factor Index, achieving a return of roughly 4.17% year-to-date and an increase of about 8.77% over the past year as of July 31, 2025 [6] - The ETF has a beta of 1.07 and a standard deviation of 20.88% over the trailing three-year period, indicating a higher risk profile [7] Alternatives in the Market - The ETF holds a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking exposure to the Small Cap Blend market segment [8] - Other comparable ETFs include the Vanguard Small-Cap ETF (VB) with $64.81 billion in assets and an expense ratio of 0.05%, and the iShares Core S&P Small-Cap ETF (IJR) with $80.76 billion in assets and an expense ratio of 0.06% [9] Investment Trends - There is a growing trend among retail and institutional investors towards passively managed ETFs due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [10]

Core Viewpoint - The Invesco Dividend Achievers ETF (PFM) offers broad exposure to the Large Cap Value segment of the US equity market, with assets exceeding $710.63 million, making it a competitive option in this space [1] Group 1: Large Cap Value Characteristics - Large cap companies generally have a market capitalization above $10 billion, characterized by stability and predictable cash flows, resulting in lower volatility compared to mid and small cap companies [2] - Value stocks typically exhibit lower price-to-earnings and price-to-book ratios, along with lower sales and earnings growth rates, but have historically outperformed growth stocks in long-term performance [3] Group 2: Costs and Performance - The annual operating expenses for PFM are 0.52%, which is competitive within its peer group, and it has a 12-month trailing dividend yield of 1.48% [4] - PFM aims to match the performance of the NASDAQ US Broad Dividend Achievers Index, with a year-to-date return of approximately 7.25% and a one-year return of about 12.05% as of July 31, 2025 [7] Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Information Technology sector, comprising about 24% of the portfolio, followed by Financials and Healthcare [5] - Broadcom Inc (AVGO) represents approximately 4.33% of total assets, with the top 10 holdings accounting for about 31.14% of total assets under management [6] Group 4: Risk Assessment - PFM has a beta of 0.81 and a standard deviation of 13.62% over the trailing three-year period, categorizing it as a medium risk investment with effective diversification across 432 holdings [8] Group 5: Alternatives - The Invesco Dividend Achievers ETF holds a Zacks ETF Rank of 3 (Hold), indicating it is a viable option for investors seeking exposure to the Large Cap Value area, alongside alternatives like Schwab U.S. Dividend Equity ETF (SCHD) and Vanguard Value ETF (VTV) [9][10] Group 6: Market Trends - Passively managed ETFs are gaining popularity among both institutional and retail investors due to their low cost, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11]