Launched on 01/14/2020, the iShares MSCI USA Quality GARP ETF (GARP) is a smart beta exchange traded fund offering broad exposure to the Style Box - All Cap Growth category of the market.What Are Smart Beta ETFs?The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.Investors who believe in market efficiency should consider market cap indexes, as they replicate market return ...

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Core Insights - The Schwab Fundamental U.S. Broad Market ETF (FNDB) is designed to provide broad exposure to the Style Box - All Cap Value category and was launched on 08/13/2013 [1] - FNDB is a smart beta ETF that seeks to outperform traditional market-cap weighted indexes by focusing on specific fundamental characteristics [3][4] - The fund is managed by Charles Schwab and aims to match the performance of the Russell RAFI US Index [5] Fund Details - FNDB has accumulated over $965.89 million in assets, making it one of the larger ETFs in its category [5] - The ETF has an annual operating expense ratio of 0.25%, which is considered low compared to other funds [6] - The fund offers a 12-month trailing dividend yield of 1.67% [6] Sector Exposure and Holdings - The Financials sector constitutes approximately 17.3% of FNDB's portfolio, followed by Information Technology and Industrials [7] - Apple Inc (AAPL) is the largest holding at about 3.59% of total assets, with Microsoft Corp (MSFT) and Exxon Mobil Corp (XOM) also among the top holdings [8] - The top 10 holdings represent about 18.82% of the fund's total assets under management [8] Performance Metrics - FNDB has gained roughly 7.75% year-to-date and approximately 14.22% over the past year as of 08/14/2025 [10] - The ETF has a beta of 0.94 and a standard deviation of 15.27% over the trailing three-year period, indicating medium risk [10] - With around 1660 holdings, FNDB effectively diversifies company-specific risk [10] Alternatives - Other ETFs in the Style Box - All Cap Value segment include Fidelity High Dividend ETF (FDVV) and iShares Core S&P U.S. Value ETF (IUSV), which have larger asset bases and lower expense ratios [12]

Core Insights - The Franklin U.S. Equity Index ETF (USPX) is a smart beta ETF that debuted on June 1, 2016, providing broad exposure to the Style Box - All Cap Blend category of the market [1] - Smart beta ETFs track non-cap weighted strategies, appealing to investors who prefer selecting stocks based on fundamental characteristics to outperform the market [3] - The fund is sponsored by Franklin Templeton Investments and has assets exceeding $1.28 billion, targeting large and mid-cap U.S. stocks representing the top 85% of the U.S. equity market by float-adjusted market capitalization [5] Fund Details - The ETF has an annual operating expense ratio of 0.03%, making it one of the least expensive options in its category, with a 12-month trailing dividend yield of 1.16% [6] - The fund's largest sector allocation is in Information Technology, comprising approximately 33.3% of the portfolio, followed by Financials and Consumer Discretionary [7] - Microsoft Corp (MSFT) is the largest holding at about 6.74% of total assets, with the top 10 holdings accounting for approximately 34.89% of USPX's total assets [8] Performance Metrics - As of July 11, 2025, the ETF has gained about 7.63% year-to-date and 13.15% over the past year, with a trading range between $43.36 and $55.00 in the past 52 weeks [10] - The ETF has a beta of 0.90 and a standard deviation of 17.62% over the trailing three-year period, indicating effective diversification of company-specific risk with around 563 holdings [10] Alternatives - The Franklin U.S. Equity Index ETF is a viable option for investors looking to outperform the Style Box - All Cap Blend segment, but there are alternative ETFs such as iShares Core S&P Total U.S. Stock Market ETF (ITOT) and Vanguard Total Stock Market ETF (VTI) [11][12] - Both ITOT and VTI have significantly larger asset bases, with $72.02 billion and $506.04 billion respectively, and maintain an expense ratio of 0.03% [12]