Guggenheim/Zacks Mid-Cap Core ETF - Zacks ETF Series
December 28 2011 - 8:55AM
Zacks
The Guggenheim/Zacks Mid-Cap Core ETF
(CZA) seeks to track the price and yield performance,
before fees and expenses, of the Zacks Mid-Cap Core Index. The fund
will invest at least 90% of assets in securities that comprise the
index. The index consists of 100 stocks selected, based on
investment and other criteria, from a universe of
mid-capitalization common stocks, MLPs, and ADRs. The fund is
nondiversified.
This ETF looks to give investors exposure to a basket of mid cap
stocks selected using a quantitative rules-based methodology. This
technique includes broker recommendation changes, valuation,
liquidity, contrarian indicators, and other factors and is sorted
from highest to lowest. The constituent selection methodology was
developed by Zacks as a quantitative approach to identifying those
securities that offer the greatest return potential on a
risk-adjusted basis. The final security basket consists of the 100
highest rated securities and is weighted based on a relative market
capitalization system. The process, as well as the ranking,
reconstitution, and rebalancing of the index is repeated on a
quarterly basis. For more information, check out CZA’s home
page.
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