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Under typical market conditions, a minimum of 80% of the fund's total holdings will be committed to the securities comprising its benchmark index. This index is specifically formulated to assess the financial performance of publicly listed enterprises whose core business involves selling products or services primarily via the internet or other digital sales avenues, such as mobile applications, rather than through conventional physical retail establishments. Furthermore, this fund is categorized as non-diversified.

A handful of key economic data points dropped last week, painting a picture of an economy that is successfully downshifting from its recent inflation peaks even as consumers keep their footing.

According to the Census Bureau's Advance Retail Sales Report, consumer spending rose for a fifth straight month in June. Headline sales were up 0.2% as expected, marking a slowdown from May's 1.0% increase.

As summer takes shape, investors are navigating shifting monetary policy, stubborn inflation pressures, and unexpected market momentum.

According to the Census Bureau's Advance Retail Sales Report, consumer spending climbed for the fourth straight month in May. Headline sales rose 0.9%, almost double the projected 0.5% growth and marking an acceleration from April's 0.4% rise.

As macroeconomic pressures persist, consumer staples outpace discretionary plays while the e-commerce landscape evolves from a discretionary trade into an everyday necessity.