Core Insights - The Schwab Fundamental U.S. Large Company ETF (FNDX) is a passively managed ETF launched on August 13, 2013, with assets exceeding $19.39 billion, targeting the Large Cap Value segment of the U.S. equity market [1] - Large cap companies typically have market capitalizations above $10 billion, offering stability and lower risk compared to mid and small cap companies [2] - Value stocks are characterized by lower price-to-earnings and price-to-book ratios, but they also exhibit lower sales and earnings growth rates [3] Costs - The ETF has an annual operating expense ratio of 0.25%, which is competitive within its peer group, and a 12-month trailing dividend yield of 1.7% [4] Sector Exposure and Top Holdings - The ETF's largest sector allocation is to Financials at approximately 17.4%, followed by Information Technology and Healthcare [5] - Apple Inc. constitutes about 3.86% of total assets, with the top 10 holdings representing around 20.25% of total assets under management [6] Performance and Risk - FNDX aims to replicate the performance of the Russell RAFI US Large Co. Index, with a year-to-date return of approximately 7.87% and a one-year return of about 12.26% as of August 18, 2025 [7] - The ETF has a beta of 0.93 and a standard deviation of 15.15% over the trailing three-year period, indicating a medium risk profile [8] Alternatives - The Schwab U.S. Dividend Equity ETF (SCHD) and Vanguard Value ETF (VTV) are comparable options, with SCHD having $71.11 billion in assets and an expense ratio of 0.06%, while VTV has $141.73 billion in assets and charges 0.04% [11] Bottom-Line - Passively managed ETFs are gaining popularity among both institutional and retail investors due to their low cost, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [12]

Core Viewpoint - The iShares S&P Mid-Cap 400 Growth ETF (IJK) is a significant investment vehicle in the Mid Cap Growth segment of the US equity market, with over $8.91 billion in assets, providing investors with a diversified and growth-oriented option [1]. Group 1: ETF Overview - Launched on July 24, 2000, IJK is designed to provide broad exposure to the Mid Cap Growth segment of the US equity market [1]. - The ETF is sponsored by Blackrock and has become one of the larger ETFs in its category [1]. - The fund has an annual operating expense ratio of 0.17%, which is competitive within its peer group [4]. Group 2: Investment Characteristics - Mid cap companies, with market capitalizations between $2 billion and $10 billion, are generally seen as having higher growth prospects and lower volatility compared to large and small cap companies [2]. - Growth stocks, while having higher sales and earnings growth rates, also come with higher valuations and associated risks [3]. Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Industrials sector, comprising about 29.1% of the portfolio, followed by Financials and Consumer Discretionary [5]. - The top holding, Interactive Brokers Group Inc, accounts for approximately 1.61% of total assets, with the top 10 holdings making up about 11.43% of total assets under management [6]. Group 4: Performance Metrics - IJK aims to match the performance of the S&P MidCap 400 Growth Index, with a year-to-date return of approximately 2.76% and a one-year return of about 5.25% as of August 18, 2025 [7]. - The ETF has a beta of 1.06 and a standard deviation of 20.02% over the trailing three-year period, indicating a medium risk profile [8]. Group 5: Alternatives and Market Position - IJK holds a Zacks ETF Rank of 2 (Buy), indicating strong expected performance based on various factors [9]. - Other comparable ETFs include the Vanguard Mid-Cap Growth ETF (VOT) and the iShares Russell Mid-Cap Growth ETF (IWP), with VOT having $17.40 billion in assets and IWP with $19.98 billion [10].

Group 1 - The stock market rally from April-May has been primarily driven by growth stocks, with a notable focus on the MAGA 7 stocks, which experienced a loss of $1 trillion in value due to Trump's tariff plans [2] - Growth stocks have consistently outperformed market averages, with the Invesco QQQ Trust (QQQ) and Russell 1000 Growth (IWF) showing significant gains compared to the S&P 500 [3] - The IWF has increased by 15%, while QQQ has gained just above 14%, compared to an 11% gain in SPY and only 5.5% in IWD, indicating a substantial opportunity for investors [3] Group 2 - The NDX 100 Advance/Decline line has been making new highs, with the QQQ reaching a high of $583.32 on August 14, although a divergence was noted with the A/D line forming a lower high [5] - The relative performance of QQQ completed a bottom formation on April 24, and has continued to support price action, with a drop below July lows indicating a potential shift in market leadership [6] - The ratio of iShares Russell 1000 Growth (IWF) to iShares Russell 1000 Value (IWD) has shown a strong uptrend, indicating a favorable environment for growth stocks over the past five years [9] Group 3 - The weekly ratio charts for IWF/IWD are positive, with an upside breakout above resistance noted at the end of July, although a short-term pullback may occur [10] - There are currently no warning signs from the monthly or weekly A/D lines, and low cash levels reported in the BofA Global Fund Manager Survey suggest a cautious outlook for the near term [11]

Core Insights - The SPDR S&P 600 Small Cap Value ETF (SLYV) is a passively managed ETF launched on September 25, 2000, with assets exceeding $3.89 billion, targeting the Small Cap Value segment of the US equity market [1][9] - Small cap companies, defined as those with market capitalizations below $2 billion, present high potential but also higher risks, with value stocks generally outperforming growth stocks in the long term [2] - The ETF has an annual operating expense ratio of 0.15% and a 12-month trailing dividend yield of 2.26%, making it one of the least expensive options in its category [3] Sector Exposure and Holdings - The ETF has a significant allocation to the Financials sector, comprising approximately 23.9% of the portfolio, followed by Industrials and Consumer Discretionary [4] - Mr Cooper Group Inc (COOP) represents about 1.43% of total assets, with the top 10 holdings accounting for roughly 9.93% of total assets under management [5] Performance Metrics - SLYV aims to replicate the performance of the S&P SmallCap 600 Value Index, which includes U.S. common equities with market capitalizations between $250 million and $1.2 billion [6] - As of August 15, 2025, the ETF has experienced a year-to-date loss of approximately 1.23% but has gained about 7.01% over the past year, with a trading range between $67.03 and $95.14 in the last 52 weeks [7] - The ETF has a beta of 1.07 and a standard deviation of 22.48% over the trailing three-year period, indicating a medium risk profile [7] Alternatives - Other ETFs in the small cap value space include the iShares Russell 2000 Value ETF (IWN) with $11.32 billion in assets and an expense ratio of 0.24%, and the Vanguard Small-Cap Value ETF (VBR) with $30.76 billion in assets and a lower expense ratio of 0.07% [10] Conclusion - Passively managed ETFs like SLYV are favored by both institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11]

Core Viewpoint - The Vanguard Small-Cap Growth ETF (VBK) is a leading investment vehicle for exposure to the Small Cap Growth segment of the US equity market, with significant assets and low operating costs [1][4]. Group 1: Fund Overview - VBK was launched on January 26, 2004, and is passively managed, designed to provide broad exposure to small-cap growth stocks [1]. - The fund has amassed over $19.88 billion in assets, making it the largest ETF in its category [1]. - The ETF has an annual operating expense ratio of 0.07%, positioning it as one of the least expensive options available [4]. Group 2: Investment Potential - Small-cap companies, defined as those with market capitalizations below $2 billion, present high potential for growth but also come with increased risk [2]. - Growth stocks typically exhibit higher sales and earnings growth rates compared to the broader market, although they carry higher valuations and volatility [3]. Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Industrials sector, comprising approximately 22.2% of the portfolio, followed by Information Technology and Healthcare [5]. - Individual holdings include Slcmt1142 at about 2% of total assets, with Liberty Media Corp-Liberty Formula One (FWONK) and Natera Inc (NTRA) also among the top holdings [6]. Group 4: Performance Metrics - VBK aims to match the performance of the CRSP U.S. Small Cap Growth Index, which tracks small-cap growth stocks [7]. - The ETF has gained approximately 3.74% year-to-date and 16.6% over the past year, with a trading range between $219.76 and $304.19 in the last 52 weeks [7]. - It has a beta of 1.13 and a standard deviation of 22.39% over the trailing three-year period, indicating medium risk [8]. Group 5: Alternatives and Market Position - VBK holds a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking small-cap growth exposure [9]. - Other alternatives in the market include the iShares S&P Small-Cap 600 Growth ETF (IJT) and the iShares Russell 2000 Growth ETF (IWO), with assets of $6.30 billion and $12.28 billion respectively [10]. Group 6: Conclusion - Passively managed ETFs like VBK are favored by both institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency [11].

Core Viewpoint - The Invesco S&P SmallCap Value with Momentum ETF (XSVM) is a passively managed fund that aims to provide broad exposure to the Small Cap Value segment of the US equity market, with assets totaling over $583.48 million [1] Group 1: Investment Characteristics - Small cap companies, defined as those with market capitalizations below $2 billion, present higher potential returns but also increased risks [2] - Value stocks typically exhibit lower price-to-earnings and price-to-book ratios, along with lower sales and earnings growth rates, yet have historically outperformed growth stocks in most markets [2] Group 2: Costs and Performance - The annual operating expenses for XSVM are 0.36%, which is competitive within its peer group, and it has a 12-month trailing dividend yield of 2% [3] - As of August 14, 2025, XSVM has gained approximately 3.96% year-to-date and 7.17% over the past year, with a trading range between $44.22 and $60.64 in the last 52 weeks [6] Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Financials sector, comprising about 50.4% of the portfolio, followed by Consumer Discretionary and Industrials [4] - Spartannash Co (SPTN) represents about 1.93% of total assets, with the top 10 holdings accounting for approximately 14.88% of total assets under management [5] Group 4: Risk and Alternatives - XSVM seeks to match the performance of the S&P 600 High Momentum Value Index, which includes securities with strong value characteristics from the Russell 2000 Index, and has a beta of 1.07 and a standard deviation of 22.6% over the trailing three years [6][7] - Alternatives to XSVM include the iShares Russell 2000 Value ETF (IWN) and the Vanguard Small-Cap Value ETF (VBR), which have larger asset bases and lower expense ratios [9]

Core Viewpoint - The Invesco S&P 500 GARP ETF (SPGP) is a passively managed fund that provides broad exposure to the Large Cap Growth segment of the US equity market, with assets exceeding $2.73 billion, making it one of the larger ETFs in this category [1]. Group 1: Fund Overview - SPGP was launched on June 17, 2011, and is sponsored by Invesco [1]. - The ETF aims to match the performance of the S&P 500 Growth at a Reasonable Price Index, which includes securities with strong growth characteristics selected from the Russell Top 200 Index [7]. Group 2: Investment Characteristics - Large cap companies typically have a market capitalization above $10 billion, are stable, and exhibit predictable cash flows, resulting in lower volatility compared to mid and small cap companies [2]. - Growth stocks, while having higher sales and earnings growth rates, also come with higher valuations and volatility, often outperforming value stocks in bull markets but lagging in long-term returns [3]. Group 3: Costs and Performance - The ETF has an annual operating expense ratio of 0.36% and a 12-month trailing dividend yield of 1.41% [4]. - As of August 13, 2025, SPGP has gained approximately 5.37% year-to-date and 12.24% over the past year, with a trading range between $86.05 and $112.52 in the last 52 weeks [7]. Group 4: Sector Exposure and Holdings - The ETF has a significant allocation to the Industrials sector, comprising about 21.5% of the portfolio, followed by Consumer Discretionary and Information Technology [5]. - Super Micro Computer Inc (SMCI) represents about 2.88% of total assets, with the top 10 holdings accounting for approximately 23.82% of total assets under management [6]. Group 5: Risk and Diversification - SPGP has a beta of 1.00 and a standard deviation of 18.95% over the trailing three-year period, indicating effective diversification of company-specific risk with around 77 holdings [8]. Group 6: Alternatives - Other ETFs in the same space include the Vanguard Growth ETF (VUG) and Invesco QQQ (QQQ), with VUG having $186.22 billion in assets and an expense ratio of 0.04%, while QQQ has $366.77 billion in assets and charges 0.2% [11].

Core Viewpoint - The Invesco S&P MidCap Momentum ETF (XMMO) is a significant player in the Mid Cap Growth segment of the US equity market, with over $4.16 billion in assets, providing investors with a diversified investment option in this sector [1][10]. Group 1: Mid Cap Growth Characteristics - Mid cap companies, with market capitalizations between $2 billion and $10 billion, typically exhibit higher growth prospects compared to large cap companies while being less volatile than small cap companies, offering a balance of stability and growth potential [2]. - Growth stocks generally have higher sales and earnings growth rates, expected to outpace the wider market, but they also come with higher valuations and volatility, performing well in strong bull markets but struggling in other market conditions [3]. Group 2: Costs and Performance - The Invesco S&P MidCap Momentum ETF has an annual operating expense ratio of 0.39% and a 12-month trailing dividend yield of 0.67%, which is competitive within its peer group [4]. - The ETF aims to match the performance of the S&P MIDCAP 400 MOMENTUM INDEX, achieving a return of approximately 5.34% year-to-date and 15.38% over the past year, with a trading range between $101.93 and $136.30 in the last 52 weeks [7]. Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Financials sector, comprising about 27.6% of the portfolio, followed by Industrials and Consumer Staples [5]. - The top holding, Interactive Brokers Group Inc (IBKR), represents about 5.18% of total assets, with the top 10 holdings accounting for approximately 29.67% of total assets under management [6]. Group 4: Risk and Alternatives - The ETF has a beta of 1.03 and a standard deviation of 20.44% over the trailing three-year period, indicating effective diversification of company-specific risk with around 79 holdings [8]. - Alternatives in the Mid Cap Growth ETF space include the Vanguard Mid-Cap Growth ETF (VOT) with $17.34 billion in assets and an expense ratio of 0.07%, and the iShares Russell Mid-Cap Growth ETF (IWP) with $19.77 billion in assets and an expense ratio of 0.23% [11]. Group 5: Market Trends - There is a growing trend among retail and institutional investors towards passively managed ETFs due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [12].

Core Viewpoint - The Schwab U.S. Dividend Equity ETF (SCHD) is a leading investment option for exposure to the Large Cap Value segment of the U.S. equity market, with significant assets and low expense ratios, making it attractive for long-term investors [1][4][10]. Group 1: ETF Overview - SCHD is a passively managed ETF launched on October 20, 2011, and is sponsored by Charles Schwab, with assets exceeding $69.99 billion [1]. - The ETF aims to match the performance of the Dow Jones U.S. Dividend 100 Index, which focuses on high dividend yielding stocks with a strong record of dividend payments [7]. Group 2: Investment Characteristics - Large cap companies, defined as those with market capitalizations above $10 billion, are generally more stable and exhibit predictable cash flows compared to mid and small cap companies [2]. - Value stocks, which typically have lower price-to-earnings and price-to-book ratios, have historically outperformed growth stocks in long-term performance, although growth stocks may excel in strong bull markets [3]. Group 3: Costs and Performance - SCHD has an annual operating expense ratio of 0.06%, positioning it among the least expensive ETFs in its category, and it offers a 12-month trailing dividend yield of 3.81% [4]. - As of August 11, 2025, SCHD has gained approximately 0.25% year-to-date and 4.36% over the past year, with a trading range between $24.32 and $29.53 in the last 52 weeks [8]. Group 4: Sector Exposure and Holdings - The ETF has a significant allocation to the Consumer Staples sector, comprising about 19.8% of the portfolio, followed by Energy and Healthcare [5]. - Texas Instruments Inc (TXN) is the largest holding at approximately 4.33% of total assets, with the top 10 holdings accounting for about 40.3% of total assets under management [6]. Group 5: Alternatives and Market Position - SCHD holds a Zacks ETF Rank of 2 (Buy), indicating strong expected returns based on various factors, making it a compelling choice for investors interested in the Large Cap Value segment [10]. - Other comparable ETFs include the Vanguard High Dividend Yield ETF (VYM) and the Vanguard Value ETF (VTV), with VYM having $62.20 billion in assets and VTV at $139.70 billion, both with competitive expense ratios [11].

Core Viewpoint - The Vanguard Russell 2000 Growth ETF (VTWG) provides broad exposure to the Small Cap Growth segment of the US equity market, with a focus on companies that typically have higher growth potential but also higher risk [1][2]. Group 1: Fund Overview - VTWG is a passively managed ETF launched on September 22, 2010, and is sponsored by Vanguard [1]. - The fund has accumulated over $1.01 billion in assets, positioning it as an average-sized ETF in its category [1]. - The ETF has an annual operating expense ratio of 0.1%, making it one of the least expensive options available [4]. Group 2: Investment Characteristics - Small cap companies, defined as those with market capitalizations below $2 billion, are generally considered to have higher growth potential compared to larger companies, albeit with increased risk [2]. - Growth stocks, which VTWG primarily invests in, are characterized by faster growth rates, higher valuations, and above-average sales and earnings growth [3]. Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Information Technology sector, comprising about 22% of the portfolio, followed by Healthcare and Industrials [5]. - Individual holdings include Slbbh1142 at approximately 1.19% of total assets, with Credo Technology Group Holding Ltd (CRDO) and Fabrinet (FN) also among the top holdings [6]. Group 4: Performance Metrics - VTWG aims to match the performance of the Russell 2000 Growth Index, which includes companies with higher price/book ratios and growth rates [7]. - As of August 8, 2025, the ETF has gained about 1.32% year-to-date and approximately 14.35% over the past year, with a trading range between $163.60 and $229.76 in the last 52 weeks [7]. - The ETF has a beta of 1.15 and a standard deviation of 23.07% over the trailing three-year period, indicating a higher risk profile [8]. Group 5: Alternatives and Market Position - VTWG holds a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking exposure to the Small Cap Growth segment [9]. - Other comparable ETFs include the iShares Russell 2000 Growth ETF (IWO) with $11.67 billion in assets and the Vanguard Small-Cap Growth ETF (VBK) with $19.21 billion, each with different expense ratios [10]. Group 6: Market Trends - Passively managed ETFs are gaining popularity among both institutional and retail investors due to their low cost, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11].