Core Viewpoint - The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is a passively managed fund that provides broad exposure to the Large Cap Value segment of the US equity market, with assets exceeding $3.17 billion, making it an average-sized ETF in this category [1]. Group 1: Large Cap Value - Large cap companies typically have a market capitalization above $10 billion and are considered more stable, with predictable cash flows and lower volatility compared to mid and small cap companies [2]. - Value stocks, characterized by lower price-to-earnings and price-to-book ratios, have historically outperformed growth stocks in most markets, although they may underperform during strong bull markets [3]. Group 2: Costs - The expense ratio for SPHD is 0.30%, which is competitive with most peer products, and it has a 12-month trailing dividend yield of 3.43% [4]. Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Real Estate sector, comprising about 20.70% of the portfolio, followed by Utilities and Consumer Staples [5]. - Crown Castle Inc (CCI) is the largest holding at approximately 3.49% of total assets, with the top 10 holdings accounting for about 28.65% of total assets under management [6]. Group 4: Performance and Risk - SPHD aims to match the performance of the S&P 500 Low Volatility High Dividend Index, which includes 50 securities known for high dividend yields and low volatility [7]. - The ETF has returned approximately 3.45% year-to-date and 9.46% over the past year, with a trading range between $44.37 and $51.75 in the last 52 weeks [7]. - With a beta of 0.71 and a standard deviation of 14.80% over the trailing three years, SPHD is classified as a medium risk investment [8]. Group 5: Alternatives - Other ETFs in the same space include the Schwab U.S. Dividend Equity ETF (SCHD) and the Vanguard Value ETF (VTV), which have significantly larger assets of $71.22 billion and $141.05 billion, respectively, and lower expense ratios of 0.06% and 0.04% [11]. Group 6: Bottom-Line - Passively managed ETFs like SPHD are increasingly popular among retail and institutional investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [12].

Group 1: Company Overview - Visa is a payment processor in the financial sector, collecting small fees for facilitating transactions via its branded cards [2] - Costco operates as a warehouse club retailer and issues credit cards within the Visa system, charging an annual membership fee for shopping [5] Group 2: Financial Performance - In Q2 2025, Visa processed 60.7 billion transactions, a 9% year-over-year increase, resulting in a revenue of $9.6 billion, also up 9% [3] - Costco's revenue in the fiscal Q3 2025 increased by 8% to nearly $62 billion, with membership fees contributing significantly to operating income [5] Group 3: Growth Potential - Both Visa and Costco are well-managed companies with strong growth prospects; Visa benefits from the shift to digital transactions, while Costco is expanding its store base due to high demand [6] Group 4: Valuation Concerns - Both companies are currently considered expensive, with Visa's price-to-earnings (P/E) ratio about 5% above its five-year average, while Costco's is approximately 25% above [9][10] - Visa's dividend yield is 0.7%, and Costco's is less than 0.6%, indicating limited income generation for value investors [8] Group 5: Investment Considerations - Visa appears to be the better value option compared to Costco for growth investors, given its relatively lower valuation metrics [10] - Caution is advised for investors, as economic downturns could negatively impact both companies [12]

Core Viewpoint - Growth investors are increasingly focused on stocks with above-average financial growth, but identifying such stocks can be challenging due to inherent risks and volatility [1] Group 1: Company Overview - Array Technologies, Inc. (ARRY) is currently recommended as a cutting-edge growth stock by the Zacks Growth Style Score system, which evaluates a company's real growth prospects [2] - The company has a favorable Growth Score and a top Zacks Rank, indicating strong potential for outperformance [10] Group 2: Earnings Growth - Array Technologies has a historical EPS growth rate of 80.4%, with projected EPS growth of 9.3% for the current year, surpassing the industry average of 7% [4] - Double-digit earnings growth is preferred by growth investors as it signals strong future prospects [3] Group 3: Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 56%, significantly higher than the industry average of -31.9% [5] - Over the past 3-5 years, Array Technologies has maintained an annualized cash flow growth rate of 43.4%, compared to the industry average of 12.6% [6] Group 4: Earnings Estimate Revisions - There have been upward revisions in current-year earnings estimates for Array Technologies, with the Zacks Consensus Estimate increasing by 3.7% over the past month [8] - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements, indicating favorable conditions for the company [7]

Core Insights - The First Trust Morningstar Dividend Leaders ETF (FDL) is designed to provide broad exposure to the Large Cap Value segment of the US equity market, with assets exceeding $5.65 billion, making it one of the larger ETFs in this category [1] Group 1: Large Cap Value Overview - Large cap companies typically have a market capitalization above $10 billion, offering a stable investment option with lower risk and more reliable cash flows compared to mid and small cap companies [2] - Value stocks are characterized by lower than average price-to-earnings and price-to-book ratios, as well as lower sales and earnings growth rates. Historically, value stocks have outperformed growth stocks in nearly all markets, although growth stocks tend to perform better in strong bull markets [3] Group 2: Costs and Performance - The ETF has an annual operating expense ratio of 0.43%, which is competitive within its peer group, and a 12-month trailing dividend yield of 4.58% [4] - FDL aims to match the performance of the Morningstar Dividend Leaders Index, which includes stocks with consistent and sustainable dividends. The ETF has gained approximately 10.15% year-to-date and 15.34% over the past year, with a trading range of $38.19 to $43.95 in the last 52 weeks [7] Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Energy sector, comprising about 25.30% of the portfolio, followed by Healthcare and Consumer Staples [5] - Exxon Mobil Corporation (XOM) represents approximately 10.20% of total assets, with the top 10 holdings accounting for about 55.23% of total assets under management [6] Group 4: Risk and Alternatives - FDL has a beta of 0.72 and a standard deviation of 15.02% over the trailing three-year period, indicating a medium risk profile. The ETF holds about 101 stocks, effectively diversifying company-specific risk [8] - Alternatives to FDL include the Schwab U.S. Dividend Equity ETF (SCHD) and the Vanguard Value ETF (VTV), which track similar indices but have larger asset bases and lower expense ratios of 0.06% and 0.04%, respectively [10] Group 5: 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]

Core Viewpoint - The iShares Russell 1000 Growth ETF (IWF) is a significant investment vehicle for gaining exposure to the Large Cap Growth segment of the US equity market, with assets exceeding $113.80 billion, making it one of the largest ETFs in this category [1]. Group 1: Large Cap Growth Characteristics - Large cap companies, defined as those with market capitalizations above $10 billion, are generally more stable and exhibit predictable cash flows, making them less volatile compared to mid and small cap companies [2]. - Growth stocks are characterized by faster growth rates, higher valuations, and above-average sales and earnings growth rates, but they carry a greater level of risk compared to value stocks [3]. Group 2: Cost Structure - The iShares Russell 1000 Growth ETF has an annual operating expense ratio of 0.19%, positioning it as one of the more cost-effective options in the ETF space, with a 12-month trailing dividend yield of 0.41% [4]. Group 3: Sector Exposure and Holdings - The ETF has a significant allocation of approximately 52.20% to the Information Technology sector, followed by Consumer Discretionary and Telecom [5]. - Nvidia Corp (NVDA) constitutes about 12.69% of the total assets, with Microsoft Corp (MSFT) and Apple Inc (AAPL) also among the top holdings; the top 10 holdings represent around 58.68% of total assets [6]. Group 4: Performance Metrics - The ETF aims to replicate the performance of the Russell 1000 Growth Index, achieving a return of approximately 8.91% year-to-date and around 19.17% over the past year as of July 24, 2025; it has traded between $320.42 and $436.59 in the last 52 weeks [7]. - With a beta of 1.14 and a standard deviation of 20.93% over the trailing three-year period, the ETF is classified as a medium-risk investment, effectively diversifying company-specific risk with about 389 holdings [8]. Group 5: Alternatives - The Vanguard Growth ETF (VUG) and Invesco QQQ (QQQ) are alternative ETFs tracking similar indices, with VUG having $179.85 billion in assets and an expense ratio of 0.04%, while QQQ has $358.67 billion in assets and charges 0.20% [11]. Group 6: Conclusion - Passively managed ETFs like IWF 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 [12].

Core Viewpoint - The Vanguard Growth ETF (VUG) is a leading passively managed ETF focused on the Large Cap Growth segment of the US equity market, with significant assets under management and low expense ratios, making it an attractive option for investors seeking growth exposure [1][4]. Group 1: ETF Overview - Launched on January 26, 2004, VUG has amassed over $179.85 billion in assets, making it the largest ETF in its category [1]. - The ETF targets large cap companies, defined as those with market capitalizations above $10 billion, which are generally more stable and less volatile than smaller companies [2]. Group 2: Growth Stock Characteristics - Growth stocks, which VUG primarily invests in, exhibit faster growth rates, higher valuations, and above-average sales and earnings growth compared to the broader market [3]. - These stocks tend to perform well in strong bull markets but may underperform in other market conditions [3]. Group 3: Cost Structure - VUG has an annual operating expense ratio of 0.04%, making it one of the least expensive ETFs in the market [4]. - The ETF offers a 12-month trailing dividend yield of 0.44% [4]. Group 4: Sector Exposure and Holdings - The ETF has a significant allocation to the Information Technology sector, comprising approximately 50.90% of the portfolio, followed by Consumer Discretionary and Telecom [5]. - Major holdings include Microsoft Corp (11.76%), Nvidia Corp, and Apple Inc, with the top 10 holdings accounting for about 59.24% of total assets [6]. Group 5: Performance Metrics - VUG aims to match the performance of the CRSP U.S. Large Cap Growth Index, having increased by roughly 9.98% year-to-date and 20.04% over the past year as of July 24, 2025 [7]. - The ETF has traded between $329.49 and $450.40 in the past 52 weeks [7]. Group 6: Risk Assessment - VUG has a beta of 1.18 and a standard deviation of 21.78% over the trailing three-year period, indicating a medium risk profile [8]. - The ETF holds about 166 different stocks, effectively diversifying company-specific risk [8]. Group 7: Alternatives - VUG holds a Zacks ETF Rank of 1 (Strong Buy), indicating strong expected returns based on various factors [9]. - Other ETFs in the same space include the iShares Russell 1000 Growth ETF (IWF) with $113.80 billion in assets and the Invesco QQQ (QQQ) with $358.67 billion, both of which have higher expense ratios compared to VUG [10]. Group 8: Investment Appeal - Passively managed ETFs like VUG are favored by both institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency [11].

Group 1 - The S&P 500 and NASDAQ are reaching new all-time highs, making it increasingly difficult to find stocks trading below intrinsic value [1] - Philipp, a seasoned value investor, focuses on undervalued companies with a significant margin of safety, leading to attractive dividend yields and returns [2] - Philipp is particularly interested in companies with a solid earnings track record trading at less than 8x free cash flow, which reflects his investment philosophy [2] Group 2 - The article emphasizes a global approach to investment opportunities without limiting to specific sectors or countries, focusing on companies that are well understood [2]

Core Viewpoint - The iShares Russell Mid-Cap Growth ETF (IWP) is a leading option for investors seeking exposure to the Mid Cap Growth segment of the US equity market, with significant assets under management and a focus on mid-cap companies that balance stability and growth potential [1][2]. Group 1: Fund Overview - The iShares Russell Mid-Cap Growth ETF was launched on July 17, 2001, and is sponsored by Blackrock, with assets exceeding $19.54 billion, making it the largest ETF in its category [1]. - The ETF has an annual operating expense ratio of 0.23% and a 12-month trailing dividend yield of 0.37%, which is competitive within the sector [4]. Group 2: Market Characteristics - Mid cap companies, defined as those with market capitalizations between $2 billion and $10 billion, provide a unique investment opportunity with a favorable risk-return profile compared to small and large companies [2]. - Growth stocks, while offering higher sales and earnings growth rates, come with higher valuations and risks, typically outperforming value stocks in bull markets but lagging over the long term [3]. Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Consumer Discretionary sector, comprising approximately 22.90% of the portfolio, followed by Industrials and Information Technology [5]. - The top holdings include Royal Caribbean Group Ltd (2.78% of total assets), Howmet Aerospace Inc, and Vistra Corp, with the top 10 holdings accounting for about 20.28% of total assets [6]. Group 4: Performance Metrics - The ETF aims to match the performance of the Russell MidCap Growth Index, which represents about 47% of the total market value of the Russell MidCap Index [7]. - As of July 23, 2025, the ETF has gained approximately 10.64% year-to-date and 24.93% over the past year, with a trading range between $103.87 and $140.64 in the last 52 weeks [8]. Group 5: Alternatives - Other ETFs in the mid-cap growth space include the iShares S&P Mid-Cap 400 Growth ETF (IJK) with $9 billion in assets and an expense ratio of 0.17%, and the Vanguard Mid-Cap Growth ETF (VOT) with $17.47 billion in assets and a lower expense ratio of 0.07% [11]. Group 6: Investment Appeal - Passively managed ETFs like IWP are increasingly popular among retail and institutional investors 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. Large-Cap Value ETF (SCHV) is a passively managed fund that provides broad exposure to the Large Cap Value segment of the US equity market, with significant assets under management and low operating costs [1][4]. Group 1: Fund Overview - SCHV was launched on December 11, 2009, and is sponsored by Charles Schwab, accumulating over $12.91 billion in assets [1]. - The ETF targets companies with market capitalizations above $10 billion, typically offering more stability and lower risk compared to mid and small-cap companies [2]. Group 2: Financial Metrics - The ETF has an annual operating expense of 0.04%, making it one of the least expensive options in its category, and it offers a 12-month trailing dividend yield of 2.12% [4]. - The ETF's return is approximately 9.12% year-to-date and 12.74% over the past year, with a trading range between $23.55 and $28.20 in the last 52 weeks [8]. Group 3: Sector Exposure and Holdings - The largest sector allocation for SCHV is Financials, comprising about 23% of the portfolio, followed by Industrials and Healthcare [5]. - The top holding is Berkshire Hathaway Inc Class B (BRK/B) at approximately 3.51% of total assets, with the top 10 holdings accounting for about 18.85% of total assets under management [6]. Group 4: Performance and Risk - SCHV aims to match the performance of the Dow Jones U.S. Large-Cap Value Total Stock Market Index, which includes the large-cap value portion of the broader market index [7]. - The ETF has a beta of 0.88 and a standard deviation of 14.55% over the trailing three-year period, indicating a medium risk profile [8]. Group 5: Alternatives - Other ETFs in the same space include the Schwab U.S. Dividend Equity ETF (SCHD) and the Vanguard Value ETF (VTV), with SCHD having $71.16 billion in assets and VTV at $140.23 billion [11].

Core Insights - The Vanguard Small-Cap Value ETF (VBR) is a passively managed fund launched on January 26, 2004, with over $30.57 billion in assets, making it the largest ETF in the Small Cap Value segment of the US equity market [1] - Small cap companies, defined as those with market capitalizations below $2 billion, present high potential but also come with higher risks [2] - Value stocks typically have lower price-to-earnings and price-to-book ratios, but also exhibit lower sales and earnings growth rates compared to growth stocks [3] Costs - The ETF has an annual operating expense ratio of 0.07%, positioning it as one of the least expensive options in its category [4] - It offers a 12-month trailing dividend yield of 2.03% [4] Sector Exposure and Top Holdings - The ETF's largest allocation is to the Financials sector, comprising approximately 21.70% of the portfolio, followed by Industrials and Consumer Discretionary [5] - Individual holdings include Slcmt1142 at about 1.08% of total assets, with NRG Energy Inc (NRG) and Emcor Group Inc (EME) also among the top holdings [6] Performance and Risk - VBR aims to match the performance of the CRSP U.S. Small Cap Value Index, having gained roughly 3.30% year-to-date and 6.60% over the past year as of July 23, 2025 [7] - The ETF has traded between $162.76 and $217.30 in the past 52 weeks [7] - With a beta of 1.03 and a standard deviation of 19.72% over the trailing three years, it is classified as a medium-risk investment [8] Alternatives - VBR holds a Zacks ETF Rank of 2 (Buy), indicating strong expected returns and favorable expense ratios [9] - Other comparable ETFs include the Schwab Fundamental U.S. Small Company ETF (FNDA) with $8.62 billion in assets and an expense ratio of 0.25%, and the iShares Russell 2000 Value ETF (IWN) with $11.09 billion in assets and an expense ratio of 0.24% [10] Bottom-Line - Passively managed ETFs like VBR are gaining popularity among both institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11]