The IWM seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the small capitalization sector of the U.S. equity market as represented by the Russell 2000 Index. The index represents the approximately 2000 smallest companies in the Russell 3000 Index.
AVUV invests primarily in a diverse group of U.S. small-cap companies across market sectors and industry groups. The fund seeks securities of companies that it expects to have higher returns by placing an enhanced emphasis on securities of companies with smaller market capitalizations and securities of companies it defines as high profitability or value companies. Conversely, the fund seeks to underweight or exclude securities it expects to have lower returns, such as securities of large companies with lower levels of profitability and higher prices relative to their book values or other financial metrics.
SPSM seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P SmallCap 600 Index. The S&P Small Cap 600 Index measures the performance of the small-capitalization sector in the U.S. equity market. The Index is float-adjusted and market capitalization weighted.
VTWO Invests in stocks in the Russell 2000 Index a broadly diversified index predominantly made up of stocks of small U.S. companies. The fund seeks to closely track the index’s return, which is considered a gauge of small-cap U.S. stock returns. It offers a high potential for investment growth; share value typically rises and falls more sharply than that of funds holding bonds. More appropriate for long-term goals where your money’s growth is essential.
The investment objective of DFAS is to achieve long-term capital appreciation while minimizing federal income taxes on returns. To achieve its investment objective, the US Small Cap ETF, using a market capitalization weighted approach, generally purchases a broad and diverse group of securities of U.S. small-cap companies.
CALF is an exchange-traded fund that seeks to track the total return performance, before fees and expenses, of the Pacer US Small Cap Cash Cows Index (the “Index”). The Index uses an objective, rules-based methodology to provide exposure to small-capitalization U.S. companies with high free cash flow yields. Companies with high free cash flow yields are commonly referred to as “cash cows”.
VIOO invests in stocks in the S&P Small-Cap 600 Index representing 600 smaller U.S. companies. The fund focuses on closely tracking the index’s return, which is considered a gauge of overall U.S. small-cap stock returns. It offers high potential for investment growth; share value rises and falls more sharply than that of funds holding bonds.
DES is a fundamentally weighted index measuring the performance of the small-capitalization segment of the U.S. dividend-paying market. It is comprised of the companies that compose the bottom 25% of the market capitalization of the WisdomTree U.S. Dividend Index after the 300 largest companies have been removed. The index is dividend-weighted annually to reflect the proportionate share of the aggregate cash dividends each component company is projected to pay in the coming year.
ESML is based on the S&P SmallCap 600 Revenue-Weighted Index (“the “Index”). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is constructed using a rules-based approach that re-weights securities of the S&P SmallCap 600 Index according to the revenue earned by the companies, with a maximum 5% per company weighting.
RWJ is based on the S&P SmallCap 600 Revenue-Weighted Index (the “Index”). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is constructed using a rules-based approach that re-weights securities of the S&P SmallCap 600 Index according to the revenue earned by the companies, with a maximum of 5% per company weighting.
RSSL seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Russell 2000 RIC Capped Index. The underlying index uses market capitalization to weight the securities in the Russell 2000 Index while limiting concentration in any single security to help users meet the Regulated Investment Company concentration requirements for U.S. registered funds. To limit over-concentration in any single security, constituents are capped quarterly so that no more than 20% of the index’s weight may be allocated to a single constituent, and the sum of the weights of all constituents representing more than 4.5% of the index should not exceed 48% of the total index weight.
SMLF seeks to track the investment results of the STOXX U.S. Small-Cap Equity Factor Index (the “Underlying Index”), which is a rules-based equity index provided by STOXX Ltd. (the “Index Provider” or “STOXX”). The Underlying Index is composed of small-capitalization equity securities from the STOXX US Small Cap Index (the “Parent Index”) that are selected and weighted using an optimization process designed to maximize exposure to four target factors: momentum, quality, value and low volatility.
RYLD seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Russell 2000 BuyWrite Index. The underlying index measures the performance of a theoretical portfolio that holds stocks included in the Russell 2000 Index (the “Reference Index”), and “writes” (or “sells”) a succession of one-month at-the-money covered call options on the Reference Index. The written covered call options on the Reference Index are held until expiration.
XSMO is based on the S&P Smallcap 600 Momentum Index. The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index having the highest “momentum scores,” calculated pursuant to the index methodology, which is computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 600 Index.
NUSC employs a passive management (or “indexing”) approach, seeking to track the investment results, before fees and expenses, of the TIAA ESG USA Small-Cap Index2. The Fund generally invests in substantially all or a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the index. The Index is composed of equity securities issued by small-capitalization companies listed on U.S. exchanges that meet certain environment, social and governance criteria.
