Core Insights - The Inspire Small/Mid Cap ETF (ISMD) debuted on February 28, 2017, and provides broad exposure to the Style Box - All Cap Blend category of the market [1] Fund Overview - The fund is sponsored by Inspire and has accumulated over $240.91 million in assets, categorizing it as an average-sized ETF in its segment [5] - ISMD aims to match the performance of the Inspire Small/Mid Cap Impact Equal Weight Index, selecting securities from publicly traded small and mid-cap companies with an Inspire Impact Score of zero or higher [6] Cost Structure - The annual operating expenses for ISMD are 0.57%, which is comparable to most peer products in the space, and it has a 12-month trailing dividend yield of 1.17% [7] Sector Exposure and Holdings - The ETF's largest allocation is in the Financials sector, comprising approximately 18.3% of the portfolio, followed by Industrials and Information Technology [8] - The top 10 holdings account for about 3.85% of total assets, with Bbh Sweep Vehicle (BBHETFMM) making up about 0.67% of the fund's total assets [9] Performance Metrics - As of January 8, 2026, ISMD has increased by roughly 3.27% and is up about 7.66% year-to-date, with a trading range between $29.72 and $40.28 over the past 52 weeks [11] - The ETF has a beta of 1.01 and a standard deviation of 19.86% for the trailing three-year period, effectively diversifying company-specific risk with around 498 holdings [11] Alternatives - The Inspire Small/Mid Cap ETF is a viable option for investors looking to outperform the Style Box - All Cap Blend segment, but there are other ETFs available in the market [12] - Notable alternatives include Vanguard ESG U.S. Stock ETF (ESGV) and iShares ESG Aware MSCI USA ETF (ESGU), which have significantly larger asset bases and lower expense ratios [13]

Core Insights - The State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP) debuted on June 19, 2006, and provides broad exposure to the Energy ETFs category [1] Fund Overview - XOP has amassed over $1.82 billion in assets, making it one of the largest ETFs in the Energy sector [5] - The fund is managed by State Street Investment Management and aims to match the performance of the S&P Oil & Gas Exploration & Production Select Industry Index [5] - The S&P Oil & Gas Exploration & Production Select Industry Index is a modified equal weight index representing the oil and gas exploration and production sub-industry [6] Cost and Expenses - XOP has an annual operating expense ratio of 0.35%, positioning it as one of the least expensive products in the space [7] - The fund's 12-month trailing dividend yield is 2.62% [7] Sector Exposure and Holdings - The Energy sector represents 99.3% of XOP's portfolio, with Cnx Resources Corp (CNX) accounting for approximately 3.51% of total assets [8] - The top 10 holdings make up about 30.04% of XOP's total assets under management [9] Performance Metrics - As of January 1, 2026, XOP has gained about 0% year-to-date and is down approximately -2.12% over the past year [11] - The fund has traded between $101.91 and $145.88 in the past 52 weeks, with a beta of 0.75 and a standard deviation of 27.80% over the trailing three-year period, indicating a high-risk profile [11] Alternatives - Other ETFs in the energy space include Invesco Energy Exploration & Production ETF (PXE) with $75.61 million in assets and iShares U.S. Oil & Gas Exploration & Production ETF (IEO) with $419.71 million [13] - PXE has an expense ratio of 0.61% while IEO charges 0.38% [13]

Core Insights - The State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) debuted on June 19, 2006, and provides broad exposure to the Energy ETFs category [1] Fund Overview - XES has accumulated over $253.47 million in assets, making it an average-sized ETF in the Energy sector [5] - The fund is managed by State Street Investment Management and aims to match the performance of the S&P Oil & Gas Equipment & Services Select Industry Index [5] - The S&P Oil & Gas Equipment & Services Select Industry Index is a modified equal weight index representing the oil and gas equipment and services sub-industry [6] Cost and Expenses - The annual operating expenses for XES are 0.35%, positioning it as one of the least expensive products in the sector [7] - The fund has a 12-month trailing dividend yield of 1.70% [7] Sector Exposure and Holdings - XES has a 100% allocation in the Energy sector [8] - Liberty Energy Inc (LBRT) constitutes approximately 6.79% of the fund's total assets, with the top 10 holdings accounting for about 49.89% of total assets under management [9] Performance Metrics - Year-to-date, XES has increased by about 4.69%, and it is up approximately 8.74% over the last 12 months as of December 26, 2025 [10] - The fund has traded between $52.84 and $87.75 in the past 52 weeks [10] - XES has a beta of 0.96 and a standard deviation of 34.29% for the trailing three-year period, indicating a higher risk profile [10] Alternatives - XES may not be suitable for investors looking to outperform the Energy ETFs segment, with alternatives such as iShares U.S. Oil Equipment & Services ETF (IEZ) and VanEck Oil Services ETF (OIH) available [11][12] - IEZ has $133.58 million in assets and an expense ratio of 0.38%, while OIH has $1.33 billion in assets with an expense ratio of 0.35% [12]

Core Insights - The State Street SPDR S&P Software & Services ETF (XSW) is a smart beta ETF launched on September 28, 2011, providing broad exposure to the Technology ETFs category [1] Fund Overview - XSW is managed by State Street Investment Management and has accumulated over $444.12 million in assets, categorizing it as an average-sized ETF within the Technology sector [5] - The fund aims to match the performance of the S&P Software & Services Select Industry Index, which represents the software sub-industry of the S&P Total Stock Market Index [6] Cost Structure - XSW has annual operating expenses of 0.35%, making it one of the least expensive options in its category, with a 12-month trailing dividend yield of 0.06% [7] Sector Exposure and Holdings - The ETF has a significant allocation to the Information Technology sector, representing 97% of its portfolio [8] - Cipher Mining Inc (CIFR) constitutes about 1.41% of the fund's total assets, with the top 10 holdings accounting for approximately 11.45% of XSW's total assets under management [9] Performance Metrics - As of December 24, 2025, XSW has gained roughly 1.22% year-to-date but is down about -1.03% over the past year, trading between $141.65 and $205.24 in the last 52 weeks [11] - The fund has a beta of 1.15 and a standard deviation of 24.81% over the trailing three-year period, indicating a higher risk profile [11] Alternatives - Other ETFs in the technology space include Invesco AI and Next Gen Software ETF (IGPT) with $650.87 million in assets and iShares Expanded Tech-Software Sector ETF (IGV) with $8.26 billion in assets [13] - IGPT has an expense ratio of 0.56%, while IGV has a lower expense ratio of 0.39% [13]

Core Viewpoint - The State Street SPDR S&P Dividend ETF (SDY) is a significant player in the Style Box - Large Cap Value category, designed to provide broad market exposure and managed by State Street Investment Management [1][5]. Fund Overview - SDY was launched on November 8, 2005, and has accumulated over $20.02 billion in assets, making it one of the largest ETFs in its category [1][5]. - The ETF aims to match the performance of the S&P High Yield Dividend Aristocrats Index, which includes constituents that have consistently increased dividends for at least 20 consecutive years [6]. Cost and Performance - SDY has an annual operating expense ratio of 0.35%, which is competitive within its peer group [7]. - The ETF's 12-month trailing dividend yield stands at 2.60% [7]. - Year-to-date, SDY has returned approximately 8.04%, with a 1.6% increase over the past year [11]. Sector Exposure and Holdings - The ETF's largest sector allocation is in Industrials, comprising about 19.2% of the portfolio, followed by Consumer Staples and Utilities [8]. - Verizon Communications Inc (VZ) represents about 2.51% of the fund's total assets, with the top 10 holdings accounting for approximately 18.84% of total assets under management [9]. Risk Profile - SDY has a beta of 0.76 and a standard deviation of 12.80% over the trailing three-year period, indicating a medium risk profile [11]. - The fund consists of around 152 holdings, which helps to diversify company-specific risk [11]. Alternatives - Other ETFs in the same space include Schwab U.S. Dividend Equity ETF (SCHD) and Vanguard Value ETF (VTV), which have larger asset bases and lower expense ratios [12][13].

Core Insights - The State Street SPDR S&P Insurance ETF (KIE) is a smart beta ETF that debuted on November 8, 2005, providing broad exposure to the Financials ETFs category [1] - KIE aims to match the performance of the S&P Insurance Select Industry Index, which represents the insurance segment of the S&P Total Market Index [5] Fund Overview - KIE is managed by State Street Investment Management and has accumulated assets exceeding $635.06 million, categorizing it as an average-sized ETF in the Financials sector [5] - The ETF has an annual operating expense ratio of 0.35%, making it one of the least expensive options in its category, with a 12-month trailing dividend yield of 1.56% [6] Sector Exposure and Holdings - KIE's portfolio is entirely allocated to the Financials sector, minimizing single stock risk through diversified exposure [7] - The top holding, Kinsale Capital Group Inc (KNSL), constitutes approximately 2.08% of the fund's total assets, with the top 10 holdings accounting for about 20.11% of total assets [8] Performance Metrics - Year-to-date, KIE has increased by approximately 6.55%, but it has decreased by about -2.35% over the last 12 months as of December 2, 2025 [10] - The fund has a beta of 0.75 and a standard deviation of 17.14% over the trailing three-year period, indicating a medium risk profile [10] Alternatives - Other ETFs in the insurance space include Invesco KBW Property & Casualty Insurance ETF (KBWP) and iShares U.S. Insurance ETF (IAK), with assets of $410.32 million and $508.98 million respectively [12] - KBWP and IAK have expense ratios of 0.35% and 0.38%, respectively, providing investors with additional options [12]

Core Insights - The State Street SPDR S&P Aerospace & Defense ETF (XAR) debuted on September 28, 2011, and provides broad exposure to the Industrials ETFs category [1] - XAR has amassed over $4.39 billion in assets, making it one of the larger ETFs in the Industrials sector [5] - The ETF seeks to match the performance of the S&P Aerospace & Defense Select Industry Index, which is a modified equal weight index [6] Fund Characteristics - XAR is managed by State Street Investment Management and has annual operating expenses of 0.35%, with a 12-month trailing dividend yield of 0.62% [7] - The fund has a heavy allocation to the Industrials sector, with Aerovironment Inc (AVAV) accounting for about 4.98% of total assets [8][9] - The top 10 holdings represent approximately 39.33% of the fund's total assets under management [9] Performance Metrics - As of November 17, 2025, XAR has added roughly 38.03% year-to-date and is up approximately 38.64% over the past year [11] - The ETF has traded between $144.94 and $251.24 during the last 52-week period, with a beta of 1.13 and a standard deviation of 20.13% for the trailing three-year period, indicating medium risk [11] Alternatives - Other ETFs in the aerospace and defense space include Invesco Aerospace & Defense ETF (PPA) and iShares U.S. Aerospace & Defense ETF (ITA), with assets of $6.56 billion and $12.01 billion respectively [13] - PPA has an expense ratio of 0.58% while ITA has an expense ratio of 0.38% [13]

Core Insights - The State Street SPDR S&P Telecom ETF (XTL) debuted on January 26, 2011, providing broad exposure to the Communication Services ETFs category [1] - XTL is managed by State Street Investment Management and has accumulated over $202.69 million in assets, positioning it as an average-sized ETF in its category [5] - The ETF seeks to match the performance of the S&P Telecom Select Industry Index, which is a modified equal weight index [6] Fund Characteristics - XTL has an annual operating expense ratio of 0.35%, which is competitive within its peer group [7] - The ETF's 12-month trailing dividend yield is 1.12% [7] - The fund's top holdings include Ast Spacemobile Inc (7.32% of total assets), Ondas Holdings Inc, and Ciena Corp, with the top 10 holdings accounting for approximately 42.55% of total assets [9] Performance Metrics - As of November 11, 2025, XTL has returned approximately 38.23% year-to-date and 37.48% over the past year [10] - The ETF has traded between $86.93 and $155.49 in the past 52 weeks [10] - XTL has a beta of 1.13 and a standard deviation of 23.08% over the trailing three-year period, indicating medium risk [10] Alternatives and Comparisons - Other ETFs in the Communication Services space include Vanguard Communication Services ETF (VOX) with $5.69 billion in assets and Communication Services Select Sector SPDR ETF (XLC) with $25.84 billion [12] - VOX has a lower expense ratio of 0.09%, while XLC charges 0.08% [12] - Investors seeking lower-cost options may consider traditional market cap weighted ETFs that aim to match the returns of the Communication Services ETFs [13]

Core Insights - The State Street SPDR S&P Retail ETF (XRT) is a smart beta ETF launched on June 19, 2006, designed to provide broad exposure to the Consumer Discretionary sector [1] - XRT has accumulated over $284.35 million in assets, making it one of the larger ETFs in its category [5] - The fund seeks to match the performance of the S&P Retail Select Industry Index, which is a modified equal weight index representing the retail sub-industry of the S&P Total Market Index [6] Fund Characteristics - XRT has an annual operating expense ratio of 0.35%, positioning it as one of the cheaper options in the ETF space [7] - The fund offers a 12-month trailing dividend yield of 1.33% [7] - The portfolio is heavily allocated to the Consumer Discretionary sector, comprising approximately 78.7% of total assets [8] Holdings and Performance - Etsy Inc (ETSY) is the largest holding, accounting for about 1.77% of total assets, with the top 10 holdings representing around 16.11% of total assets under management [9] - As of November 7, 2025, XRT has experienced a year-to-date loss of approximately -0.37% and a one-year increase of about 1.3% [11] - The fund has a beta of 1.24 and a standard deviation of 23.78% over the trailing three-year period, indicating medium risk [11] Alternatives - Alternatives to XRT include the Amplify Online Retail ETF (IBUY) and the VanEck Retail ETF (RTH), with respective assets of $147.61 million and $253.07 million [13] - IBUY has an expense ratio of 0.65%, while RTH has an expense ratio of 0.35% [13]

Core Insights - The State Street SPDR S&P Bank ETF (KBE) is a smart beta ETF launched on November 8, 2005, providing broad exposure to the Financials sector [1] - KBE aims to match the performance of the S&P Banks Select Industry Index, which is a modified equal-weighted index reflecting publicly traded banks and thrifts [5][6] Fund Management and Size - Managed by State Street Investment Management, KBE has accumulated over $1.38 billion in assets, making it one of the larger ETFs in the Financials category [5] - The fund has an annual operating expense ratio of 0.35%, positioning it as one of the least expensive options in the market [7] Performance Metrics - As of November 6, 2025, KBE has gained approximately 5.04% year-to-date and 7.19% over the past year, with a trading range between $45.85 and $62.76 in the last 52 weeks [11] - The fund has a beta of 1.02 and a standard deviation of 28.16% over the trailing three-year period, indicating a higher risk profile [11] Sector Exposure and Holdings - KBE is fully allocated to the Financials sector, with its top 10 holdings representing about 11.19% of total assets [8][9] - Comerica Inc (CMA) is the largest individual holding at approximately 1.22% of total assets [9] Alternatives in the Market - Other ETFs in the Financials space include the First Trust NASDAQ Bank ETF (FTXO) and the Invesco KBW Bank ETF (KBWB), with assets of $240.53 million and $5.69 billion respectively [12] - FTXO has an expense ratio of 0.60%, while KBWB matches KBE's expense ratio of 0.35% [12]