Invesco S&P SmallCap Financials ETF(NASDAQ:PSCF)

PSCF holds securities of small-cap financial services companies in the US that are hand-picked by an S&P Committee. Aside from the usual financial services like banking, investment services and insurance, the fund may also include real estate investment trusts (REITs). PSCF has quite a divergent performance, being a small-cap-focused fund in a sector biased on large-caps. Holding small- and micro-caps almost exclusively, the funds weighted average market cap falls far below the sector's average. This tilt steers PSCF away from financial giants. Still, as market conditions change quickly in financials, PSCF's small-cap and growth biases represent a different take on a large-cap-dominated industry. In addition, aside from market-cap-weighting, the index also applies a capping methodology to diversify exposure. The index is rebalanced on a quarterly basis.