Core Insights - The ProShares S&P 500 Ex-Technology ETF (SPXT) is designed to provide broad exposure to the Large Cap Blend segment of the US equity market, launched on September 22, 2015, with assets over $214.90 million [1] - Large cap companies typically have a market capitalization above $10 billion, offering stability and more reliable cash flows compared to mid and small cap companies [2] - The ETF has an annual operating expense ratio of 0.09%, making it one of the least expensive options in its category, with a 12-month trailing dividend yield of 1.24% [3] Sector Exposure and Holdings - The ETF has a significant allocation to the Financials sector, comprising about 20.9% of the portfolio, followed by Consumer Discretionary and Telecom [4] - Amazon.com Inc (AMZN) represents approximately 5.89% of total assets, with the top 10 holdings accounting for about 26.96% of total assets under management [5] Performance Metrics - SPXT aims to match the performance of the S&P 500 Ex-Information Technology & Telecommunication Services Index, excluding companies in the information technology sector [6] - The ETF has gained roughly 8.88% year-to-date and 13.44% over the past year, with a trading range between $81.62 and $99.47 in the last 52 weeks [7] - With a beta of 0.91 and a standard deviation of 14.44% over the trailing three-year period, it is categorized as a medium risk investment [7] Alternatives and Market Position - SPXT holds a Zacks ETF Rank of 2 (Buy), indicating strong expected performance based on various factors [8] - Other comparable ETFs include the iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO), with assets of $660.96 billion and $725.27 billion respectively, both having an expense ratio of 0.03% [9] Industry 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 [10]

Core Insights - The iShares Russell Mid-Cap ETF (IWR) is a passively managed fund launched on July 17, 2001, with over $43.61 billion in assets, making it one of the largest ETFs in the Mid Cap Blend segment of the US equity market [1] Group 1: Investment Characteristics - Mid cap companies, with market capitalizations between $2 billion and $10 billion, offer a balance of stability and growth potential, generally exhibiting higher growth prospects and lower volatility compared to large and small cap companies [2] - The ETF has annual operating expenses of 0.19% and a 12-month trailing dividend yield of 1.29%, which is competitive within its peer group [3] Group 2: Sector Exposure and Holdings - The ETF's largest sector allocation is to Industrials, comprising approximately 18.4% of the portfolio, followed by Financials and Consumer Discretionary [4] - Royal Caribbean Group Ltd (RCL) represents about 0.68% of total assets, with the top 10 holdings accounting for approximately 5.46% of total assets under management [5] Group 3: Performance Metrics - IWR aims to match the performance of the Russell MidCap Index, having gained roughly 7.39% year-to-date and approximately 15.44% over the past year as of August 15, 2025 [6] - The ETF has a beta of 1.03 and a standard deviation of 17.91% over the trailing three-year period, indicating a medium risk profile with effective diversification across 824 holdings [7] Group 4: Alternatives - The iShares Russell Mid-Cap ETF holds a Zacks ETF Rank of 3 (Hold), suggesting it is a reasonable option for investors seeking exposure to the Mid Cap Blend market segment [8] - Alternatives include the Vanguard Mid-Cap ETF (VO) with $86.40 billion in assets and an expense ratio of 0.04%, and the iShares Core S&P Mid-Cap ETF (IJH) with $97.90 billion in assets and an expense ratio of 0.05% [9] Group 5: Conclusion - Passively managed ETFs like IWR 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 [10]

Core Viewpoint - The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is a passively managed ETF that provides broad exposure to the Mid Cap Blend segment of the US equity market, with assets exceeding $13.78 billion, making it one of the larger ETFs in this category [1] Group 1: Mid Cap Blend Characteristics - Mid cap companies, with market capitalizations between $2 billion and $10 billion, typically offer higher growth prospects compared to large cap companies while being less risky than small cap companies, providing a balance of stability and growth potential [2] - Blend ETFs hold a mix of growth and value stocks, exhibiting characteristics of both types of equities [2] Group 2: Cost Structure - The annual operating expenses for SPMD are 0.03%, making it one of the least expensive options in the ETF space [3] - The ETF has a 12-month trailing dividend yield of 1.41% [3] Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Industrials sector, comprising about 23.10% of the portfolio, followed by Financials and Consumer Discretionary [4] - Interactive Brokers Gro Cl A (IBKR) represents approximately 0.87% of total assets, with the top 10 holdings accounting for about 6.81% of total assets under management [5] Group 4: Performance Metrics - SPMD aims to match the performance of the S&P 1000 Index, having gained about 3.93% year-to-date and 6.76% over the past year as of July 24, 2025 [6] - The ETF has traded between $44.89 and $59.56 in the past 52 weeks [6] - It has a beta of 1.05 and a standard deviation of 19.52% over the trailing three-year period, indicating effective diversification of company-specific risk with approximately 404 holdings [7] Group 5: Alternatives and Market Position - SPMD holds a Zacks ETF Rank of 2 (Buy), indicating favorable expected asset class return, expense ratio, and momentum [8] - Other comparable ETFs include the Vanguard Mid-Cap ETF (VO) and the iShares Core S&P Mid-Cap ETF (IJH), with assets of $85.79 billion and $98.68 billion respectively, and expense ratios of 0.04% and 0.05% [9] Group 6: Investment Appeal - Passively managed ETFs like SPMD are increasingly favored by retail and institutional investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [10]

Core Viewpoint - The VanEck Morningstar Wide Moat ETF (MOAT) is a significant player in the Large Cap Blend segment of the US equity market, with over $13.05 billion in assets, making it one of the largest ETFs in this category [1] Group 1: Fund Overview - MOAT is a passively managed ETF launched on April 24, 2012, sponsored by Van Eck [1] - The fund targets companies with market capitalizations above $10 billion, which are typically stable with predictable cash flows [2] Group 2: Costs and Performance - The ETF has an expense ratio of 0.47%, which is competitive within its peer group, and a 12-month trailing dividend yield of 1.30% [3] - MOAT aims to match the performance of the Morningstar Wide Moat Focus Index, which tracks 20 attractively priced companies with sustainable competitive advantages [6] - Year-to-date, the ETF has increased by approximately 5.12% and has risen about 14.21% over the past year, with a trading range of $76.53 to $98.73 in the last 52 weeks [6] Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Information Technology sector, comprising about 25.90% of the portfolio, followed by Healthcare and Industrials [4] - Boeing Co accounts for approximately 3.29% of total assets, with the top 10 holdings representing about 28.68% of total assets under management [5] Group 4: Risk Profile - MOAT has a beta of 1.01 and a standard deviation of 19.03% over the trailing three-year period, categorizing it as a medium-risk investment [7] - The ETF holds around 54 stocks, effectively diversifying company-specific risk [7] Group 5: Alternatives - The ETF holds a Zacks ETF Rank of 3 (Hold), indicating it is a viable option for investors seeking exposure to the Large Cap Blend area [8] - Other comparable ETFs include the SPDR S&P 500 ETF (SPY) with $643.46 billion in assets and an expense ratio of 0.09%, and the Vanguard S&P 500 ETF (VOO) with $691.94 billion in assets and an expense ratio of 0.03% [9] Group 6: 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 [10]

Core Insights - The Vanguard Small-Cap ETF (VB) is a significant player in the Small Cap Blend segment of the US equity market, with assets exceeding $64.97 billion, making it one of the largest ETFs in this category [1] Investment Potential - Small cap companies, defined as those with market capitalizations below $2 billion, present high potential but also come with increased risks [2] - Blend ETFs, like VB, typically hold a mix of growth and value stocks, showcasing characteristics of both types of equities [2] Cost Structure - The annual operating expenses for the Vanguard Small-Cap ETF are 0.05%, positioning it as one of the least expensive options in the market [3] - The ETF has a 12-month trailing dividend yield of 1.36% [3] Sector Allocation and Holdings - The ETF has a significant allocation to the Industrials sector, comprising approximately 20.90% of the portfolio, followed by Financials and Information Technology [4] - Individual holdings include Slcmt1142 at about 1% of total assets, along with Nrg Energy Inc (NRG) and Expand Energy Corp (EXE) [5] Performance Metrics - VB aims to replicate the performance of the CRSP US Small Cap Index, which includes U.S. companies in the bottom 2%-15% of investable market capitalization [6] - As of July 10, 2025, the ETF has gained about 2.09% year-to-date and approximately 14.26% over the past year, with a trading range between $193.73 and $261.58 in the last 52 weeks [7] - The ETF has a beta of 1.07 and a standard deviation of 20.67% over the trailing three-year period, indicating a medium risk profile [7] Competitive Landscape - The Vanguard Small-Cap ETF holds a Zacks ETF Rank of 2 (Buy), indicating strong expected performance based on various factors [8] - Alternatives in the market include the iShares Russell 2000 ETF (IWM) with $66.93 billion in assets and an expense ratio of 0.19%, and the iShares Core S&P Small-Cap ETF (IJR) with $81.70 billion in assets and an expense ratio of 0.06% [9] Conclusion - Passively managed ETFs like VB are increasingly favored by both retail and institutional investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [10]