指数编制方法论 - 该ETF追踪纳斯达克OMX ABA社区银行指数 该指数提供经调整的市值加权敞口 覆盖纳斯达克上市的美国银行和储蓄机构或其控股公司[1] - 成分股筛选标准包括：必须在纳斯达克上市 归类为银行超行业板块 市值不低于2亿美元 三个月平均日成交额不低于50万美元[1] - 成分股排除标准包括：不能是FDIC报告的50大存款机构 且FDIC数据显示其主导业务不能是国际业务或信用卡专业化业务[1] - 指数采用流通市值调整和市值加权法 每季度进行再平衡[1] - 指数设置权重上限规则：单一个股权重超过8%时 或所有权重超过5%的股票合计权重超过50%时 将进行迭代调整 最终使不超过5只成分股权重为8% 其余股票分摊超额权重[1] - 指数每年6月和12月进行成分股重构 依据当年4月和10月的银行财务报告数据[1] 产品信息 - 该ETF产品代码为QABA US[1] - 可通过指定ETF分析平台获取机构级洞察 包括绩效与风险指标、相关性、敏感性和因子敞口等深度信息[2]

FlexShares Quality Dividend Defensive Index Fund (QDEF US) – Portfolio Construction MethodologyThe underlying Northern Trust Quality Dividend Defensive Index targets a lower-beta (generally 0.5–1.0 vs the Northern Trust 1250 Index) U.S. equity portfolio emphasizing dividend payers with strong fundamentals. From the Northern Trust 1250 universe, non-dividend payers and the lowest quality quintile by a proprietary model (management efficiency, profitability, cash flow) are removed. Remaining stocks are mean–v ...

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 ...

Invesco QQQ Trust, Series 1 (QQQ US) – Portfolio Construction MethodologyThe underlying Nasdaq-100 Index targets the 100 largest Nasdaq-listed non-financial companies. Eligibility requires a primary listing on the Nasdaq Global Select Market or Nasdaq Global Market; REITs and SPACs are ineligible; ADRs are eligible. Initial inclusion demands three full calendar months of listing (spin-offs exempt), free float ≥10%, and three-month average daily traded value ≥ USD 5m. At the annual December reconstitution, i ...

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 ...

基金投资策略与目标 - 该主动管理型ETF的投资策略旨在通过使用明确结果的期权覆盖层，追踪Invesco S&P 500等权重ETF在每年6月至次年6月的结果期内的价格回报 [1] - 投资组合主要持有基于等权重美国大盘股基准的交易所上市FLEX期权以及现金或短期美元抵押品 [1] - 期权阶梯被设计为看跌价差缓冲（约覆盖扣除费用前最初10%的损失）与看涨价差上限配对，以塑造上行收益形态 [1] 投资组合构建与运作 - 期权的行权价在结果期开始时确定，并在重置时展期；在期中交易的投资者将获得当时通行的收益上限/损失缓冲条款 [1] - 构建通常将风险敞口集中在少数几个由OCC清算的合约中，其容量、换手率和流动性管理由FLEX市场的深度和买卖价差驱动 [1] - 该基金非多元化且专注于美国市场；风险管理通过严格的合约选择和结果期重置来实现，而非战术性的股票交易 [1]

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 ...

基金投资策略 - 该主动管理型ETF的投资策略旨在寻求总回报，并重点通过主要配置于以折价或溢价于资产净值交易的、支付定期现金分配的市政债券封闭式基金来获取联邦免税收入[1] - 该基金采用基金中基金结构进行管理，在正常情况下，其投资集中于市政债券CEF，并可能在提供更优的准入性或流动性时使用代表市政债券的ETF（配置比例≤30%）[1] - 证券选择强调折价动态、收益分配特征和底层资产质量，管理团队可能会在除息日前后运用股息获取策略[1] 投资组合管理 - 头寸规模和调整由资产净值折价率的均值回归、相对价值以及市政债券子板块间的风险平衡所驱动[1] - 该基金可能使用上市或场外期货、期权和互换合约，以对冲利率、提前还款、信用、汇率和波动性风险[1] - 基金可能持有现金以抵消来自底层CEF的嵌入式杠杆，其容量和换手率受流动性、底层基金控制限额以及CEF市场深度影响[1]

指数编制方法 - 标的指数为MVIS US Listed Retail 25 Index 旨在集中投资于美国上市的最大型、最具流动性的零售公司 这些公司需有超过或等于50%的收入来自零售分销、批发、在线/直销、多品类或专业零售[1] - 成分股筛选标准包括：自由流通市值比例需大于或等于10% 总市值需大于1.5亿美元 三个月平均日成交金额需大于或等于100万美元且月均成交股数需大于或等于25万股 现有成分股的延续门槛较低[1] - 指数每半年（3月和9月）进行审核 符合资格的股票按自由流通市值和交易量排序 初步选取前25名 随后通过10-40名的缓冲区机制保留现有成分股 即自动纳入前10名 并优先从当前排名11-40的成分股中补充 再考虑其他股票[1] 成分股权重规则 - 指数采用调整后的自由流通市值加权 最大的5至10个持仓（每个权重超过4.5%）被归为一组 该组合的总权重上限为50% 同时设有单个成分股权重上限20%和下限5%[1] - 其余成分股的权重上限为4.5%[1]