Looking for broad exposure to the Small Cap Value segment of the US equity market? You should consider the Vanguard Small-Cap Value Index Fund ETF Shares (VBR) , a passively managed exchange traded fund launched on January 26, 2004.The fund is sponsored by Vanguard. It has amassed assets over $31.88 billion, making it the largest ETF attempting to match the Small Cap Value segment of the US equity market.Why Small Cap ValueSmall cap companies have market capitalization below $2 billion. They usually have hi ...

Core Insights - The Vanguard S&P Small-Cap 600 Value Index Fund ETF Shares (VIOV) is a passively managed ETF launched on September 9, 2010, aimed at providing broad exposure to the Small Cap Value segment of the US equity market, with assets exceeding $1.55 billion [1] Group 1: Investment Characteristics - Small cap companies, defined as those with market capitalizations below $2 billion, present higher potential returns but also increased risks [2] - Value stocks typically exhibit lower price-to-earnings and price-to-book ratios, along with lower sales and earnings growth rates, but have historically outperformed growth stocks in most markets over the long term [2] - The ETF has an annual operating expense ratio of 0.1%, making it one of the least expensive options in its category, and it offers a 12-month trailing dividend yield of 1.62% [3] Group 2: Sector Exposure and Holdings - The ETF has a significant allocation to the Financials sector, comprising approximately 21.9% of the portfolio, followed by Consumer Discretionary and Industrials [4] - Individual holdings include Lkq Corp (1.08% of total assets), Lincoln National Corp, and Eastman Chemical Co, with the top 10 holdings accounting for about 5.74% of total assets [5] Group 3: Performance Metrics - VIOV aims to replicate the performance of the S&P SmallCap 600 Value Index, having increased by about 4.47% year-to-date and approximately 19.73% over the past year as of March 9, 2026 [6] - The ETF has a beta of 1.03 and a standard deviation of 21.55% over the trailing three-year period, indicating a medium risk profile [7] Group 4: Alternatives and Market Position - VIOV holds a Zacks ETF Rank of 2 (Buy), reflecting favorable expected returns, low expense ratios, and positive momentum [8] - Other comparable ETFs include the iShares Russell 2000 Value ETF (IWN) with $12.45 billion in assets and the Vanguard Small-Cap Value Index Fund ETF Shares (VBR) with $32.96 billion, with IWN having an expense ratio of 0.24% and VBR at 0.05% [10] Group 5: General Observations - Passively managed ETFs like VIOV are gaining popularity among retail and institutional investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11]

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Core Viewpoint - The Vanguard S&P Small-Cap 600 Value ETF (VIOV) is a passively managed ETF that aims to provide broad exposure to the Small Cap Value segment of the US equity market, with assets exceeding $1.50 billion, positioning it as an average-sized ETF in this category [1]. Group 1: Investment Potential - Small cap companies, defined as those with market capitalizations below $2 billion, present significant investment potential but also come with higher risks [2]. - Value stocks typically exhibit lower price-to-earnings and price-to-book ratios, along with lower sales and earnings growth rates. Historically, value stocks have outperformed growth stocks in long-term performance, although growth stocks may excel in strong bull markets [3]. Group 2: Costs and Performance - The ETF has an annual operating expense ratio of 0.1%, making it one of the least expensive options in its category, and it offers a 12-month trailing dividend yield of 1.65% [4]. - VIOV aims to match the performance of the S&P SmallCap 600 Value Index, having gained approximately 2.1% year-to-date and about 8.32% over the past year, with a trading range between $71.94 and $101.69 in the last 52 weeks [7]. Group 3: Sector Exposure and Holdings - The ETF's largest allocation is to the Financials sector, comprising about 22.3% of the portfolio, followed by Consumer Discretionary and Industrials [5]. - Borgwarner Inc (BWA) represents about 1.28% of total assets, with the top 10 holdings accounting for approximately 6.26% of total assets under management [6]. Group 4: Risk and Alternatives - VIOV has a beta of 1.02 and a standard deviation of 21.68% over the trailing three-year period, categorizing it as a medium-risk investment with effective diversification across 463 holdings [8]. - The ETF holds a Zacks ETF Rank of 2 (Buy), indicating strong potential for investors seeking exposure to the Small Cap Value segment, with alternatives like the iShares Russell 2000 Value ETF (IWN) and Vanguard Small-Cap Value ETF (VBR) also available [9][10]. Group 5: Market Trends - Passively managed ETFs are gaining popularity among both institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable vehicles for long-term investment strategies [11].

Group 1 - The Goldman Sachs Small Cap Value Fund underperformed its benchmark, the Russell 2000 Value Index (net), during the quarter [3]

Core Viewpoint - The State Street SPDR S&P 600 Small Cap Value ETF (SLYV) is a significant player in the Small Cap Value segment of the US equity market, with over $4.19 billion in assets, making it one of the larger ETFs in this category [1] Group 1: ETF Overview - SLYV is a passively managed ETF launched on September 25, 2000, sponsored by State Street Investment Management [1] - The ETF has an annual operating expense of 0.15%, positioning it as one of the least expensive options in the market [4] - It has a 12-month trailing dividend yield of 2.08% [4] Group 2: Investment Characteristics - Small cap companies, defined as those with market capitalizations below $2 billion, present higher potential returns but also increased risks [2] - Value stocks, which SLYV focuses on, typically have lower price-to-earnings and price-to-book ratios, but also lower sales and earnings growth rates [3] - Historically, value stocks have outperformed growth stocks in most markets, although they may underperform during strong bull markets [3] Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Financials sector, comprising about 22% of the portfolio, followed by Information Technology and Consumer Discretionary [5] - Borgwarner Inc (BWA) is the largest individual holding at approximately 1.28% of total assets, with the top 10 holdings accounting for about 9.68% of total assets under management [6] Group 4: Performance Metrics - SLYV aims to match the performance of the S&P SmallCap 600 Value Index, which includes U.S. common equities with market capitalizations between $250 million and $1.2 billion [7] - The ETF has gained approximately 7.78% year-to-date and 3.39% over the past year, with a trading range of $67.03 to $94.78 in the past 52 weeks [8] - It has a beta of 1.03 and a standard deviation of 21.74% over the trailing three-year period, indicating a medium risk profile [8] Group 5: Alternatives - Other ETFs in the Small Cap Value space include the iShares Russell 2000 Value ETF (IWN) with $12.31 billion in assets and the Vanguard Small-Cap Value ETF (VBR) with $32.32 billion [11] - IWN has an expense ratio of 0.24%, while VBR charges 0.07% [11] Group 6: 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 [12]

Core Insights - The article focuses on the Avantis International Small Cap Value ETF (AVDV), highlighting its performance and strategy in the small-cap value segment within developed markets [1]. Group 1: ETF Performance - AVDV has experienced decent traction in 2025, indicating a positive reception in the market [1]. Group 2: Analyst Background - The analysis is conducted by a stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk management, emphasizing expertise in equity valuation and market trends [1]. - The analyst has a background as a former Vice President at Barclays, leading teams in model validation and stress testing, which adds credibility to the analysis [1]. Group 3: Research Approach - The research approach combines rigorous risk management with a long-term perspective on value creation, focusing on macroeconomic trends, corporate earnings, and financial statement analysis [1]. - The collaboration with a research partner enhances the quality of insights provided, leveraging complementary strengths [1].

Market Trends & Investment Opportunities - Small cap value stocks are showing potential, with some trading at less than 13 times earnings [2] - Generational opportunity exists to allocate capital to areas outside of tech and gold, as valuations in tech become stretched [5][6] - International markets are outperforming the S&P 500 this year and offer attractive valuations, especially if the dollar weakens [6] - Energy sector is currently out of favor, presenting potential bargains [8] - Emerging markets are a good place to invest, especially with a weakening dollar [11] Economic Factors & Risks - Concerns remain regarding the dollar's strength, deficits, and the impact of tariffs on the economy [8] - The AI buildout will require significant energy infrastructure, benefiting both traditional and renewable energy sources, particularly natural gas [10][12] Portfolio Strategy - Diversification is crucial, broadening investments beyond the concentrated tech sector [6][7] - Taking profits from AI-related investments may be prudent due to stretched valuations [4] - Gold can serve as a portfolio diversifier, but overexposure is not recommended due to its historical performance compared to the S&P 500 [13][14]

All right. Well, let's bring in Aerial Investments vice chairman and head of investment group, Charlie Brinskcoy. Charlie, it's great to have you back on the show.And let's start with the fact that small caps and specifically small cap value is really having a breakout here this quarter. >> It really is. Thanks for leading with that, Morgan.Yeah, it's been a while. It's obviously been a market that's been led by large cap growth for a long time now. If you go back long time, over a hundred years, finance de ...

Core Viewpoint - The Pacer US Small Cap Cash Cows ETF (CALF) provides broad exposure to the Small Cap Value segment of the US equity market, with significant assets under management and a focus on companies with high free cash flow yields [1][7]. Group 1: Fund Overview - CALF is a passively managed ETF launched on June 16, 2017, and has amassed over $4.06 billion in assets, making it one of the larger ETFs in its category [1]. - The ETF targets small-cap companies with market capitalizations below $2 billion, which are associated with higher potential returns but also higher risks [2]. Group 2: Performance Metrics - The ETF seeks to match the performance of the Pacer US Small Cap Cash Cows Index, which employs a rules-based methodology [7]. - As of September 11, 2025, CALF has lost approximately 0.56% year-to-date and has gained about 2.16% over the past year, with a trading range between $32.00 and $48.76 in the last 52 weeks [7]. - The ETF has a beta of 1.10 and a standard deviation of 22.73% over the trailing three-year period, indicating a moderate level of volatility [8]. Group 3: Cost Structure - The annual operating expenses for CALF are 0.59%, which is relatively high compared to other ETFs in the space [4]. - The ETF has a 12-month trailing dividend yield of 1.36% [4]. Group 4: Sector Exposure and Holdings - The ETF has the largest allocation to the Consumer Discretionary sector, comprising about 22.9% of the portfolio, followed by Healthcare and Industrials [5]. - United Airlines Holdings Inc (UAL) represents approximately 2.52% of total assets, with the top 10 holdings accounting for about 19.75% of total assets under management [6]. Group 5: Alternatives - CALF carries a Zacks ETF Rank of 3 (Hold), indicating it is a viable option for investors seeking exposure to the Small Cap Value area [9]. - Other comparable ETFs include the iShares Russell 2000 Value ETF (IWN) and the Vanguard Small-Cap Value ETF (VBR), which have larger asset bases and lower expense ratios [10].