Investment Objective: |
The ETF seeks investment results that correspond generally, before fees and expenses, to the performance of the Janus Henderson Small Cap Growth Alpha Index. The Index, is composed of common stocks of small-sized companies that are selected by the index provider, Janus Index & Calculation Services LLC (Janus Index Services or the Index Provider), from those companies included in the Solactive Small Cap Index, a universe of 2,000 small-sized capitalization stocks. The Underlying Index is designed to select small-sized capitalization stocks that are poised for smart growth by evaluating each companys performance in three critical areas: growth, profitability, and capital efficiency and selects the top 10% of such eligible stocks scoring the highest using a proprietary quantitative methodology. The stocks with the highest 10% of scores are then weighted within the Underlying Index according to their market capitalization. Finally, the stocks are sector-weighted to reflect the sector allocation weight of Janus Venture Fund, based on its most recent publicly available holdings. |