Guggenheim Mid-Cap Core ETF (CZA) - NYSEARCA
CZA Description
The Guggenheim/Zacks Mid-Cap Core ETF (the “Fund”) seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an index called the Zacks Mid-Cap Core Index (the “Zacks Mid-Cap Core Index” or “Index”). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. Guggenheim Advisors, LLC (the "Investment Adviser”) seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent perfect correlation. The Fund, using a low cost “passive” or “indexing” investment approach, seeks to replicate, before fees and expenses, the performance of the Zacks Mid-Cap Core Index. The Index is comprised of 100 stocks selected, based on investment and other criteria, from a universe of mid-capitalization common stocks, including master limited partnerships (“MLPs”), and American depositary receipts (“ADRs”). Currently, the mid-capitalization universe ranges from approximately $1 billion in market capitalization to $10 billion in market capitalization as defined by Zacks Investment Research, Inc. ("Zacks" or the "Index Provider"). The securities in the universe are selected using a proprietary strategy developed by Zacks.
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Country: United States
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