Core Insights - The ETF universe has significantly expanded since the introduction of the ETF rule in 2019, with many new products launched and substantial inflows, leading to record heights for the category [1] - The TR Activebeta US Large Cap Equity ETF (GSLC) has surpassed $15 billion in total assets under management (AUM), attracting investor interest as it approaches 2026 [1] Performance and Strategy - GSLC charges a low fee of nine basis points and has seen $75 million in net inflows this year, with AUM increasing by over $1.8 billion since January 1, primarily due to price appreciation [2] - The ETF employs a multifactor investment strategy, focusing on momentum, quality, low volatility, and good value, which has led to investments in both megacap firms and other significant contributors to performance [2] - Notable stock performance includes Walmart (WMT), which has returned 12.5% year-to-date and has outperformed the S&P 500 Total Return index over the past year [2] Returns - GSLC has achieved a year-to-date return of 14.9% and a one-year return of 16.7%, with a five-year return of 14.9%, outperforming the ETF Database Category average for that timeframe [3] - The combination of a multifactor approach and low fees positions GSLC as a competitive option for building an ETF-heavy core equity allocation [3]

Core Viewpoint - The current market environment, driven by the Magnificent Seven and AI themes, suggests that investors should explore international opportunities, with the Fidelity International Multifactor ETF (FDEV) being a notable option for performance abroad [1][2]. Group 1: Investment Strategy - The weakening dollar and anticipated U.S. Federal Reserve rate cuts are increasing interest in international assets, making ETFs like FDEV a more attractive investment option compared to selecting individual stocks [2]. - FDEV employs a multifactor approach, focusing on companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility compared to the broader developed international equity market [4]. Group 2: Fund Characteristics - As of August 29, FDEV holds 229 stocks, with its top holding, Daito Trust Construction, comprising only 1.7% of the fund, indicating a balanced allocation across various countries [3][5]. - The fund's low net expense ratio of 19 basis points ($19 per $10,000 invested) is significantly lower than the average expense ratio of competing funds in its category, enhancing its cost-effectiveness [7]. Group 3: Market Trends - The rise of active ETFs in 2025 has been notable, but FDEV demonstrates that strong performance can also be achieved through a well-structured passive strategy [6]. - Investors looking to diversify away from U.S. stocks and reduce home bias should consider FDEV for its multifactor approach and cost-effectiveness [8].