Core Insights - The Invesco Leisure and Entertainment ETF (PEJ) offers broad exposure to the Consumer Discretionary sector and has amassed over $340.2 million in assets, making it one of the larger ETFs in this category [5][10] - PEJ seeks to match the performance of the Dynamic Leisure & Entertainment Intellidex Index, which evaluates U.S. leisure and entertainment companies based on various investment criteria [6][10] - The ETF has a year-to-date performance increase of approximately 8.89% and a 12-month increase of about 34.11% [10] Fund Management and Strategy - Managed by Invesco, PEJ employs a smart beta strategy that focuses on non-cap weighted stock selection to potentially outperform traditional market cap weighted indexes [3][5] - The fund's expense ratio is 0.57%, which is competitive within its peer group, and it has a trailing dividend yield of 0.10% [7] Sector Exposure and Holdings - The fund has a significant allocation of 57.9% to the Consumer Discretionary sector, with Telecom and Industrials also being prominent sectors [8] - Royal Caribbean Cruises Ltd (RCL) is the largest holding at approximately 6.06% of total assets, with the top 10 holdings comprising about 46.3% of total assets under management [9] Performance Metrics - PEJ has a beta of 1.24 and a standard deviation of 21.48% over the trailing three-year period, indicating a higher risk profile compared to its peers [10] - The ETF has traded between $42.70 and $59.35 in the past 52 weeks, reflecting its price volatility [10] Alternatives and Market Position - PEJ may not be the best option for investors looking to outperform the Consumer Discretionary ETFs segment, with alternatives such as the Global X Video Games & Esports ETF (HERO) and VanEck Video Gaming and eSports ETF (ESPO) available [11][12] - Traditional market cap weighted ETFs are suggested for investors seeking lower-cost and lower-risk options [13]

Core Viewpoint - The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) aims to provide broad exposure to the industrials sector through an equal-weighted strategy, which may offer potential advantages over traditional market-cap weighted ETFs [1][5]. Fund Overview - RSPN was launched on November 1, 2006, and is managed by Invesco, accumulating over $665.75 million in assets, positioning it as an average-sized ETF in the Industrials category [1][5]. - The fund seeks to match the performance of the S&P 500 Equal Weight Industrials Index, which equally weights stocks in the industrials sector of the S&P 500 [5]. Cost Structure - The annual operating expenses for RSPN are 0.40%, making it one of the more affordable options in the ETF space [6]. - The ETF has a 12-month trailing dividend yield of 0.92% [6]. Sector Exposure and Holdings - RSPN's portfolio is entirely allocated to the Industrials sector, with a heavy focus on diversification [7]. - Generac Holdings Inc (GNRC) constitutes approximately 1.45% of the fund's total assets, with the top 10 holdings accounting for about 13.72% of total assets under management [8]. Performance Metrics - As of August 6, 2025, RSPN has gained approximately 9.89% year-to-date and 21.97% over the past year [9]. - The ETF has traded between $43.34 and $56.33 in the past 52 weeks [9]. - RSPN has a beta of 1.09 and a standard deviation of 18.01% over the trailing three-year period, indicating a moderate level of risk [10]. Alternatives - Other ETFs in the industrials space include the Vanguard Industrials ETF (VIS) and the Industrial Select Sector SPDR ETF (XLI), which have significantly larger asset bases of $6.01 billion and $23.09 billion, respectively [12]. - VIS has a lower expense ratio of 0.09%, while XLI charges 0.08%, making them potentially more cost-effective options for investors [12].

Core Viewpoint - The First Trust Value Line Dividend ETF (FVD) is a smart beta ETF designed to provide broad exposure to the Large Cap Value category, with a focus on companies that pay above-average dividends and have potential for capital appreciation [1][5]. Fund Overview - FVD was launched on August 19, 2003, and is managed by First Trust Advisors, accumulating over $9.04 billion in assets, making it one of the larger ETFs in its category [1][5]. - The ETF seeks to match the performance of the Value Line Dividend Index, which is a modified equal dollar weighted index [5]. Cost Structure - FVD has an annual operating expense ratio of 0.61%, which is considered high compared to other products in the space [6]. - The ETF offers a 12-month trailing dividend yield of 2.25% [6]. Sector Exposure and Holdings - The ETF has a significant allocation in the Industrials sector, accounting for approximately 20.8% of the portfolio, followed by Utilities and Financials [7]. - The top 10 holdings represent about 4.81% of FVD's total assets, with Us Dollar ($USD) making up about 0.72% of the fund's total assets [8]. Performance Metrics - FVD has returned approximately 4.97% year-to-date and 10.03% over the last year as of August 6, 2025 [9]. - The ETF has traded between $40.62 and $46.70 in the past 52 weeks [9]. - It has a beta of 0.72 and a standard deviation of 13.02% over the trailing three-year period, indicating medium risk [10]. Alternatives - Other ETFs in the same space include Schwab U.S. Dividend Equity ETF (SCHD) and Vanguard Value ETF (VTV), which have significantly larger asset bases and lower expense ratios [12].

Core Viewpoint - The iShares MSCI ACWI Low Carbon Target ETF (CRBN) is a smart beta ETF that aims to provide broad exposure to the global market while focusing on low carbon emissions [1][5]. Fund Overview - Launched on December 8, 2014, CRBN has accumulated over $1.03 billion in assets, positioning it as one of the larger ETFs in the World ETFs category [1][5]. - The fund is sponsored by Blackrock and seeks to match the performance of the MSCI ACWI Low Carbon Target Index, which addresses carbon emissions and potential emissions from fossil fuel reserves [5]. Cost and Performance - CRBN has an annual operating expense ratio of 0.20%, making it one of the least expensive options in its category [6]. - The fund's 12-month trailing dividend yield is 1.86% [6]. - As of August 5, 2025, CRBN has returned approximately 11.36% and is up about 20.97% year-to-date [9]. Holdings and Sector Exposure - The top 10 holdings of CRBN account for about 23.1% of its total assets, with Nvidia Corp (NVDA) making up approximately 4.68% of the fund [7][8]. - The fund holds around 1020 different stocks, effectively diversifying company-specific risk [10]. Risk Profile - CRBN has a beta of 0.94 and a standard deviation of 15.70% over the trailing three-year period, indicating it is a low-risk choice within its category [10].

Core Viewpoint - The Invesco RAFI US 1500 Small-Mid ETF (PRFZ) is a smart beta ETF designed to provide broad exposure to the small-cap blend market segment, with a focus on outperforming traditional market cap weighted indexes [1][5]. Fund Overview - Launched on September 20, 2006, PRFZ has accumulated over $2.38 billion in assets, making it one of the larger ETFs in its category [1][5]. - The fund aims to match the performance of the FTSE RAFI US 1500 Small-Mid Index, which tracks small and medium-sized US companies based on fundamental measures such as book value, cash flow, sales, and dividends [5]. Cost Structure - The annual operating expenses for PRFZ are 0.34%, which is competitive within its peer group [6]. - The ETF has a 12-month trailing dividend yield of 1.23% [6]. Sector Exposure and Holdings - The Financials sector represents the largest allocation at 18.6%, followed by Industrials and Information Technology [7]. - Applovin Corp (APP) accounts for approximately 0.49% of the fund's total assets, with the top 10 holdings making up about 3.73% of total assets under management [8]. Performance Metrics - As of August 5, 2025, PRFZ has gained about 0.19% year-to-date and approximately 7.11% over the past year [10]. - The ETF has traded between $33.13 and $45.39 in the past 52 weeks, with a beta of 1.09 and a standard deviation of 21.35% over the trailing three-year period, indicating medium risk [10]. Alternatives - Other ETFs in the small-cap blend space include Vanguard Small-Cap ETF (VB) and iShares Core S&P Small-Cap ETF (IJR), which have significantly larger asset bases and lower expense ratios of 0.05% and 0.06%, respectively [12].

Core Insights - The ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) offers investors exposure to the Mid Cap Value category and has accumulated over $1.8 billion in assets, making it an average-sized ETF in its category [5][6]. ETF Overview - Smart beta ETFs, like REGL, aim to outperform traditional market-cap weighted indexes by focusing on non-cap weighted strategies based on fundamental characteristics [2][3]. - REGL seeks to match the performance of the S&P MidCap 400 Dividend Aristocrats Index, which includes companies that have increased dividend payments for at least 15 consecutive years [5]. Cost and Performance - REGL has an annual operating expense ratio of 0.40% and a 12-month trailing dividend yield of 2.29% [6]. - The ETF has gained approximately 3.58% year-to-date and 7.58% over the past year, with a trading range between $72.71 and $88.79 in the last 52 weeks [10]. Sector Exposure and Holdings - The ETF has a significant allocation in the Financials sector, comprising about 32.2% of the portfolio, followed by Industrials and Utilities [7]. - The top 10 holdings account for approximately 20.85% of total assets, with Evercore Inc - A (EVR) being the largest at 2.81% [8]. Risk Profile - REGL has a beta of 0.78 and a standard deviation of 16.51% over the trailing three-year period, indicating a medium risk profile [10].

Core Viewpoint - The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) offers investors broad exposure to the consumer discretionary sector, utilizing a smart beta strategy that aims to outperform traditional market cap weighted indexes [1][3]. Fund Overview - RSPD was launched on November 1, 2006, and is managed by Invesco, with total assets exceeding $204.44 million, categorizing it as an average-sized ETF in the consumer discretionary space [1][5]. - The fund seeks to match the performance of the S&P 500 Equal Weight Consumer Discretionary Index, which equally weights stocks in the consumer discretionary sector [5]. Cost Structure - The annual operating expenses for RSPD are 0.40%, which is competitive within its peer group [6]. - The fund has a 12-month trailing dividend yield of 0.71% [6]. Sector Exposure and Holdings - RSPD is fully allocated to the consumer discretionary sector, representing 100% of its portfolio [7]. - The top holdings include Carnival Corp (2.33% of total assets), Royal Caribbean Cruises Ltd, and Nike Inc, with the top 10 holdings accounting for approximately 21.73% of total assets [8]. Performance Metrics - Year-to-date, RSPD has increased by about 4.38% and has risen approximately 20.27% over the last 12 months as of August 5, 2025 [10]. - The fund has traded between $44.09 and $56.67 in the past 52 weeks, with a beta of 1.20 and a standard deviation of 20.72% over the trailing three-year period [10]. Alternatives - For investors seeking to outperform the consumer discretionary segment, alternatives such as the Vanguard Consumer Discretionary ETF (VCR) and the Consumer Discretionary Select Sector SPDR ETF (XLY) are available, with VCR having $6.07 billion in assets and XLY $21.93 billion [12]. - VCR has a lower expense ratio of 0.09%, while XLY has an expense ratio of 0.08% [12].

Core Insights - The Fidelity High Dividend ETF (FDVV) is a smart beta ETF launched on September 12, 2016, providing broad exposure to the Style Box - All Cap Value category of the market [1] - The fund is managed by Fidelity and has accumulated over $6.09 billion in assets, making it one of the largest ETFs in its category [5] - FDVV aims to match the performance of the Fidelity Core Dividend Index, focusing on large and mid-cap high-dividend-paying companies [5] Fund Characteristics - The ETF has an annual operating expense ratio of 0.16%, positioning it as one of the cheaper options in the market [6] - It offers a 12-month trailing dividend yield of 3.10% [6] - The fund's top three sector allocations are Information Technology (26.8%), Financials, and Consumer Staples [7] Holdings and Performance - Nvidia Corp (NVDA) constitutes approximately 6.14% of the fund's total assets, with Microsoft Corp (MSFT) and Apple Inc (AAPL) also among the top holdings [8] - The top 10 holdings represent about 32.76% of FDVV's total assets under management [8] - Year-to-date, FDVV has increased by roughly 7.98% and has risen about 13.68% over the last 12 months as of August 4, 2025 [10] Risk and Diversification - The ETF has a beta of 0.91 and a standard deviation of 14.87% over the trailing three-year period, indicating a relatively lower risk profile [10] - With around 119 holdings, FDVV effectively diversifies company-specific risk [10] Alternatives - Other ETFs in the same space include iShares U.S. Equity Factor ETF (LRGF) and iShares Core S&P U.S. Value ETF (IUSV), with LRGF having $2.65 billion in assets and IUSV at $20.8 billion [12] - LRGF has an expense ratio of 0.08% and IUSV has a 0.04% expense ratio, presenting lower-cost alternatives for investors [12]

Core Insights - The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) is a smart beta ETF that provides broad exposure to the large-cap blend category of the market, launched on September 12, 2017 [1] Fund Overview - GSEW has accumulated over $1.29 billion in assets, making it one of the larger ETFs in its category [5] - The fund is managed by Goldman Sachs Funds and aims to match the performance of the Solactive US Large Cap Equal Weight Index, which includes approximately 500 of the largest U.S. companies [5] Cost Structure - GSEW has an annual operating expense ratio of 0.09%, making it one of the least expensive products in its space [6] - The ETF has a 12-month trailing dividend yield of 1.50% [6] Sector Exposure and Holdings - The ETF has the highest allocation in the Financials sector at about 16.5%, followed by Information Technology and Industrials [7] - Datadog Inc (DDOG) accounts for approximately 0.22% of the fund's total assets, with the top 10 holdings representing about 2.11% of total assets under management [8] Performance Metrics - GSEW has increased by roughly 6.35% year-to-date and is up approximately 13.2% over the past year as of August 4, 2025 [10] - The ETF has traded between $67.22 and $84.15 in the past 52 weeks and has a beta of 1.00 with a standard deviation of 16.55% over the trailing three-year period [10] Alternatives - Other ETFs in the large-cap blend space include SPDR S&P 500 ETF (SPY) and Vanguard S&P 500 ETF (VOO), with SPY having $644.75 billion and VOO $686.74 billion in assets [11] - SPY has an expense ratio of 0.09% while VOO charges 0.03% [11]

Core Viewpoint - The iShares U.S. Infrastructure ETF (IFRA) is a smart beta ETF that provides broad exposure to the Utilities/Infrastructure sector, managed by Blackrock, with significant assets under management and a focus on U.S. companies benefiting from infrastructure activities [1][5]. Fund Overview - Launched on April 3, 2018, IFRA has accumulated over $2.7 billion in assets, making it one of the larger ETFs in its category [1][5]. - The fund aims to match the performance of the NYSE FACTSET U.S. INFRASTRUCTURE INDEX, which includes equities of U.S. companies with infrastructure exposure [5]. Cost and Performance - IFRA has an annual operating expense ratio of 0.30%, positioning it as a cost-effective option in the ETF market [6]. - The 12-month trailing dividend yield for IFRA is 1.86% [6]. - Year-to-date, IFRA has gained approximately 9.05%, and it is up about 11.56% over the last 12 months as of August 4, 2025 [10]. Sector Exposure and Holdings - The ETF has a significant allocation in the Utilities sector, accounting for about 42.6% of its portfolio, followed by Industrials and Materials [7]. - New Fortress Energy Inc Class A (NFE) represents about 0.92% of total assets, with the top 10 holdings making up approximately 5.57% of total assets under management [8]. Risk and Diversification - IFRA has a beta of 0.98 and a standard deviation of 18.10% over the trailing three-year period, indicating effective diversification of company-specific risk with around 160 holdings [10]. Alternatives - Other ETFs in the infrastructure space include iShares Global Infrastructure ETF (IGF) and Global X U.S. Infrastructure Development ETF (PAVE), with assets of $7.65 billion and $8.91 billion respectively [12].