NYSE ARCA | ETF
The fund will invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index.
The index is a modified equal-dollar weighted index to objectively identify and select stocks from the Russell 1000® Index in the financial services sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| LPLA | LPL Financial Holdings Inc | Financial Services | Capital Markets | 1.83% |
| MS | Morgan Stanley | Financial Services | Capital Markets | 1.79% |
| AMG | Affiliated Managers Group Inc | Financial Services | Asset Management | 1.77% |
| GS | Goldman Sachs Group Inc | Financial Services | Capital Markets | 1.75% |
| MTG | MGIC Investment Corp | Financial Services | Insurance - Specialty | 1.72% |
| TROW | T. Rowe Price Group Inc | Financial Services | Asset Management | 1.71% |
| EQH | Axa Equitable Holdings Inc | Financial Services | Asset Management | 1.68% |
| MKL | Markel Corporation | Financial Services | Insurance - Property & Casualty | 1.68% |
| IVZ | Invesco Plc | Financial Services | Asset Management | 1.67% |
| LAZ | Lazard Ltd | Financial Services | Capital Markets | 1.66% |
| CINF | Cincinnati Financial Corporation | Financial Services | Insurance - Property & Casualty | 1.66% |
| RNR | Renaissancere Holdings Ltd | Financial Services | Insurance - Reinsurance | 1.65% |
| NRZ | New Residential Investment Corp | Financial | Mortgage Real Estate Investment Trusts (REITs) | 1.64% |
| PGR | Progressive Corp | Financial Services | Insurance - Property & Casualty | 1.60% |
| ACGL | Arch Capital Group Ltd | Financial Services | Insurance - Diversified | 1.60% |
| ALL | The Allstate Corporation | Financial Services | Insurance - Property & Casualty | 1.59% |
| BRK-B | Berkshire Hathaway Inc | Financial Services | Insurance - Diversified | 1.57% |
| AJG | Arthur J Gallagher & Co | Financial Services | Insurance Brokers | 1.57% |
| TW | Tradeweb Markets Inc | Financial Services | Capital Markets | 1.56% |
| SOFI | SoFi Technologies Inc. | Financial Services | Credit Services | 1.53% |