In managing our large-cap growth strategy, we take a comprehensive approach that seeks outperformance by leveraging advanced multi-factor models and the Zacks Indicator, as well as our Proprietary AI Exposure Tool, which assesses each company’s susceptibility to AI technologies so that the stocks selected are positioned for potential growth even in the face of tech disruptions.
Grounded in academic research, this approach seeks to capture earnings momentum as well as technological trends in order to potentially generate alpha across various market conditions. The result is a growth-oriented investment strategy designed for an ever-changing, technology-driven market landscape.
The Zacks Focus Growth ETF (the “Fund”) seeks to provide long-term total returns and minimize capital loss.
The Fund pursues its investment objective by constructing a portfolio of companies that exhibit sound fundamentals and greater growth potential relative to the overall U.S. equity market. The Fund defines growth companies as companies that exhibit strong earnings growth potential, and earnings growth potential is determined by upward earnings revisions and projected earnings growth. The Fund’s portfolio is composed of 40 to 120 positions and employs both quantitative and qualitative analysis in an effort to outperform the Russell 1000 Growth Index.
| Fund Inception | 12/5/2024 |
| Ticker | GROZ |
| Asset class | Large Cap Growth |
| Shares Outstanding | 300,000 |
| Primary Exchange | CBOE |
| CUSIP | 98888G808 |
| Fund Type | Active |
| Benchmark | Russell 1000 Growth |
| Net Expense Ratio | 0.56% |
| Gross Expense Ratio | 1.26% |
| Number of Holdings | |
| Dividend Frequency |
| NAV | |
| Net Asset Value | $25.18 |
| Daily Change | 1.29% |
| Volume | 2,377 |
| Market Price | |
| Closing Price | $25.15 |
| Daily Change | 1.09% |
| 30-Day Median Bid/Ask Spread | 0.16% |
| Premium/Discount | $-0.03 |
Month end returns as of: 10/31/2024
| 1 Month | 3 Month | 6 Month | Since Inception (12/5/2024) | |
| Fund NAV | -2.44% | - | - | -0.12% |
| Market Price | -2.59% | - | - | -0.24% |
Quarter end returns as of: 09/30/2024
| 1 Year | 3 Year | 5 Year | 10 Year | Since Inception (12/5/2024) | |
| Fund NAV | - | - | - | - | -0.12% |
| Market Price | - | - | - | - | -0.24% |
The Zacks Indicator screen targets companies that demonstrate strong financial health, robust growth potential, favorable valuations, and upward revisions in earnings estimates by analysts. Central to the GROZ strategy, this factor allows us to identify companies with positive momentum driven by analysts’ upward revisions, which is often a precursor to strong future performance.
Alpha is a measure of the portfolio risk-adjusted performance. When compared to the portfolio beta, a positive alpha indicates better-than-expected portfolio performance and a negative alpha worse-than-expected portfolio performance.
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