Core Insights - The State Street SPDR S&P Capital Markets ETF (KCE) debuted on November 8, 2005, and offers broad exposure to the Financials ETFs category [1] - KCE is managed by State Street Investment Management and aims to match the performance of the S&P Capital Markets Select Industry Index, with assets exceeding $541.31 million [5] - The ETF has a low expense ratio of 0.35% and a 12-month trailing dividend yield of 1.56% [6] Fund Characteristics - KCE focuses entirely on the Financials sector, with approximately 100% of its portfolio allocated to this area [7] - The top holdings include Galaxy Digital Inc A (2.7% of total assets), Robinhood Markets Inc A, and Coinbase Global Inc Class A, with the top 10 holdings representing about 19.33% of total assets [8] Performance Metrics - Year-to-date, KCE has increased by approximately 6.01%, but it has decreased by about 1.04% over the past year, trading between $108.52 and $157.83 in the last 52 weeks [9] - The ETF has a beta of 1.28 and a standard deviation of 21.18% over the trailing three-year period, indicating a higher risk profile [10] Alternatives and Comparisons - KCE may not be suitable for investors looking to outperform the Financials ETFs segment, with alternatives like the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) available, which has $1.51 billion in assets and an expense ratio of 0.38% [11] - Traditional market cap weighted ETFs are suggested for investors seeking lower-cost and lower-risk options [12]

Core Viewpoint - The State Street SPDR S&P Regional Banking ETF (KRE) is a smart beta ETF that provides broad exposure to the financial sector, specifically regional banks, and has amassed significant assets since its inception [1][5]. Fund Overview - KRE debuted on June 19, 2006, and is managed by State Street Investment Management [1][5]. - The ETF has accumulated over $3.44 billion in assets, making it one of the larger ETFs in the Financials category [5]. - KRE aims to match the performance of the S&P Regional Banks Select Industry Index, which represents the regional banks segment of the S&P Total Market Index [5]. Cost and Performance - The annual operating expense ratio for KRE is 0.35%, positioning it as one of the least expensive options in its category [6]. - The fund has a 12-month trailing dividend yield of 2.48% [6]. - Year-to-date, KRE has increased by approximately 7.46%, but it has decreased by about -3.64% over the past year [10]. - The ETF has traded between $48.81 and $66.71 in the last 52 weeks [10]. Holdings and Sector Exposure - KRE's portfolio is entirely allocated to the Financials sector, providing diversified exposure and minimizing single stock risk [7]. - Cadence Bank (CADE) constitutes about 2.16% of the fund's total assets, with the top 10 holdings accounting for approximately 20.25% of total assets under management [8]. Risk Profile - KRE has a beta of 0.96 and a standard deviation of 31.63% over the trailing three-year period, indicating a high-risk profile within its sector [10]. - The fund includes around 150 holdings, which helps to effectively diversify company-specific risk [10]. Alternatives - Other ETFs in the regional banking space include Invesco KBW Regional Banking ETF (KBWR) and iShares U.S. Regional Banks ETF (IAT), with KBWR having $51.44 million in assets and IAT having $543.71 million [12]. - Both alternatives have similar expense ratios, with KBWR at 0.35% and IAT at 0.38% [12].

Core Insights - The State Street SPDR S&P Biotech ETF (XBI) debuted on January 31, 2006, and provides broad exposure to the Health Care ETFs category [1] - XBI is a smart beta ETF that aims to outperform the market through non-cap weighted strategies [3][4] - The fund is managed by State Street Investment Management and has amassed over $7.49 billion in assets, making it one of the largest ETFs in the Health Care sector [5] Fund Structure - XBI seeks to match the performance of the S&P Biotechnology Select Industry Index, which represents the biotechnology sub-industry of the S&P Total Markets Index [6] - The ETF has an annual operating expense ratio of 0.35%, making it one of the least expensive options in its category [7] - The fund is fully allocated to the Healthcare sector, with its top 10 holdings accounting for approximately 19.54% of total assets [8][9] Performance Metrics - As of November 19, 2025, XBI has gained about 27.94% and is up approximately 25.3% year-to-date [11] - The ETF has traded between $69.80 and $115.18 over the past 52 weeks, with a beta of 0.95 and a standard deviation of 27.12% for the trailing three-year period [11] Alternatives - Other ETFs in the biotechnology space include the First Trust NYSE Arca Biotechnology ETF (FBT) and the iShares Biotechnology ETF (IBB), with assets of $1.24 billion and $7.56 billion respectively [13] - FBT has an expense ratio of 0.54%, while IBB charges 0.44%, providing investors with alternative options [13]

Core Insights - The State Street SPDR MSCI USA StrategicFactors ETF (QUS) debuted on April 15, 2015, and provides broad exposure to the Style Box - Large Cap Blend category of the market [1] Fund Overview - QUS is sponsored by State Street Investment Management and has accumulated over $1.5 billion in assets, positioning it as one of the larger ETFs in its category [5] - The fund aims to match the performance of the MSCI USA Factor Mix A-Series Index, which measures the equity market performance of large and mid-cap companies in the U.S. [5] Cost Structure - The ETF has an annual operating expense ratio of 0.15%, making it one of the cheaper options in the market [6] - It offers a 12-month trailing dividend yield of 1.37% [6] Sector Allocation and Holdings - The ETF has a significant allocation in the Information Technology sector, comprising approximately 26.5% of the portfolio, followed by Healthcare and Financials [7] - Apple Inc (AAPL) represents about 3.25% of the fund's total assets, with Microsoft Corp (MSFT) and Nvidia Corp (NVDA) also among the top holdings [8] - The top 10 holdings account for roughly 22.57% of QUS's total assets under management [8] Performance Metrics - As of November 18, 2025, QUS has gained approximately 10.86% year-to-date and 9.05% over the past year [9] - The fund has traded between $140.84 and $174.07 in the past 52 weeks, with a beta of 0.88 and a standard deviation of 12.46% over the trailing three-year period, indicating a medium risk profile [9] Alternatives - Other ETFs in the same space include iShares Core S&P 500 ETF (IVV) and Vanguard S&P 500 ETF (VOO), which track the S&P 500 Index and have significantly larger asset bases of $704.27 billion and $779.33 billion, respectively [10] - Both IVV and VOO have a lower expense ratio of 0.03% [10]

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 Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is a smart beta ETF launched on June 28, 2017, providing broad exposure to the small-cap blend market segment [1] Fund Overview - GSSC has accumulated over $692.57 million in assets, categorizing it as an average-sized ETF in the small-cap blend space [5] - The fund is managed by Goldman Sachs Funds and aims to match the performance of the Goldman Sachs ActiveBeta U.S. Small Cap Equity Index, which focuses on small-cap U.S. equity securities [5] Cost Structure - GSSC has an annual operating expense ratio of 0.20%, which is competitive within its peer group [6] - The fund offers a 12-month trailing dividend yield of 1.45% [6] Sector Allocation - The fund's largest sector allocation is in Financials, comprising approximately 19.2% of the portfolio, followed by Industrials and Healthcare [7] - The top 10 holdings account for about 3.52% of GSSC's total assets, with Credo Technology Group Holding Ltd (CRDO) being the largest individual holding at 0.47% [8] Performance Metrics - Year-to-date, GSSC has gained approximately 8.45%, and it is up about 8.95% over the last 12 months as of October 31, 2025 [10] - The fund has a beta of 1.06 and a standard deviation of 20.67% over the trailing three-year period, indicating a diversified risk profile with around 1348 holdings [10] Alternatives - While GSSC is a viable option for investors looking to outperform the small-cap blend segment, alternatives such as the iShares Russell 2000 ETF (IWM) and iShares Core S&P Small-Cap ETF (IJR) are also available [11][12] - IWM has $68.35 billion in assets and an expense ratio of 0.19%, while IJR has $84.92 billion in assets with a lower expense ratio of 0.06% [12]

Core Insights - The SPDR S&P Homebuilders ETF (XHB) debuted on January 31, 2006, and provides broad exposure to the Industrials ETFs category [1] - XHB is managed by State Street Investment Management and has accumulated over $1.71 billion in assets, making it one of the larger ETFs in the Industrials sector [5] - The fund seeks to match the performance of the S&P Homebuilders Select Industry Index, which represents the homebuilding sub-industry of the S&P Total Markets Index [6] Fund Characteristics - XHB has an annual operating expense ratio of 0.35%, positioning it as one of the least expensive options in its category [7] - The fund's 12-month trailing dividend yield is 0.74% [7] - The ETF has a significant allocation in the Consumer Discretionary sector, approximately 67% of the portfolio, with Industrials and Energy following [8] Holdings and Performance - Allegion Plc (ALLE) constitutes about 3.73% of total assets, with the top 10 holdings making up approximately 35.44% of XHB's total assets [9] - As of October 27, 2025, XHB has gained about 4.73% year-to-date but is down approximately 7.23% over the past year [11] - The fund has a beta of 1.29 and a standard deviation of 26.07% over the trailing three-year period, indicating a higher risk profile [11] Alternatives - For investors seeking to outperform the Industrials ETFs segment, alternatives such as the Invesco Building & Construction ETF (PKB) are available, which tracks the Dynamic Building & Construction Intellidex Index and has $307.49 million in assets [12] - PKB has a higher expense ratio of 0.57% compared to XHB [12] - Traditional market cap weighted ETFs may offer cheaper and lower-risk options for matching returns in the Industrials ETFs space [13]

Core Insights - The Invesco DB Precious Metals ETF (DBP) is a smart beta ETF launched on January 5, 2007, providing broad exposure to the Precious Metals ETFs category [1] - DBP is managed by Invesco and has accumulated over $208.33 million in assets, making it an average-sized ETF in its category [5] - The ETF aims to match the performance of the DBIQ Optimum Yield Precious Metals Index Excess Return, which is based on futures contracts for gold and silver [6] Fund Characteristics - DBP has an annual operating expense ratio of 0.76%, which is considered high in the ETF space, and a 12-month trailing dividend yield of 3.07% [7] - The ETF's top holding, Comex Gold 100 Troy Ounces Future-12-29-2025, constitutes approximately 80.68% of total assets, indicating a concentrated exposure [8] - The top 10 holdings account for about 182.3% of total assets under management, suggesting significant overlap or leverage in the portfolio [9] Performance Metrics - As of September 18, 2025, DBP has gained approximately 37.44% year-to-date and 37.83% over the past year, with a trading range between $60.30 and $84.47 in the last 52 weeks [10] - The ETF has a beta of 0.14 and a standard deviation of 16.98% over the trailing three-year period, categorizing it as a medium-risk investment [11] Alternatives and Market Position - While DBP is a viable option for investors looking to outperform the Precious Metals ETFs segment, alternatives like the abrdn Physical Precious Metals Basket Shares ETF (GLTR) exist, which has $1.67 billion in assets and a lower expense ratio of 0.60% [12] - Investors seeking lower-cost and lower-risk options may consider traditional market cap weighted ETFs that aim to match the returns of Precious Metals ETFs [13]

Core Insights - The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is a smart beta ETF launched on June 19, 2006, providing broad exposure to the Energy ETFs category [1] Fund Overview - XOP is managed by State Street Investment Management and has accumulated over $1.95 billion in assets, making it one of the largest ETFs in the Energy sector [5] - The fund aims to match the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, which represents the oil and gas exploration and production sub-industry [6] Cost and Performance - XOP has an annual operating expense of 0.35%, positioning it as one of the least expensive options in its category, with a 12-month trailing dividend yield of 2.50% [7] - The ETF has experienced a loss of approximately -1.69% year-to-date and is down about -3.3% over the past year as of August 25, 2025 [11] Sector Exposure and Holdings - The ETF has a significant allocation in the Energy sector, comprising about 98% of its portfolio [8] - Hf Sinclair Corp (DINO) represents approximately 3.24% of total assets, with the top 10 holdings accounting for about 30.51% of total assets under management [9] Alternatives - Other ETFs in the energy space include Invesco Energy Exploration & Production ETF (PXE) with $69.94 million in assets and iShares U.S. Oil & Gas Exploration & Production ETF (IEO) with $468.13 million [13]

Core Insights - The iShares Core S&P U.S. Value ETF (IUSV) is a smart beta ETF launched on July 24, 2000, designed to provide broad exposure to the Style Box - All Cap Value category of the market [1] - The fund is managed by Blackrock and has accumulated over $21.64 billion in assets, making it the largest ETF in its category [5] - IUSV seeks to match the performance of the S&P 900 Value Index, which measures the performance of the large and mid-capitalization value sector of the U.S. equity market [5] Fund Characteristics - IUSV has an annual operating expense ratio of 0.04%, making it one of the least expensive ETFs in the space [6] - The fund's 12-month trailing dividend yield is 1.98% [6] - The ETF has a beta of 0.88 and a standard deviation of 14.72% over the trailing three-year period, indicating a medium risk profile [10] Sector Exposure and Holdings - The largest sector allocation for IUSV is Information Technology, comprising approximately 23.5% of the portfolio, followed by Financials and Healthcare [7] - Microsoft Corp (MSFT) is the top holding, accounting for about 6.78% of total assets, with Apple Inc (AAPL) and Amazon Com Inc (AMZN) also among the top three [8] - The top 10 holdings represent about 26.57% of total assets under management [8] Performance - As of August 22, 2025, IUSV has gained approximately 6.02% year-to-date and around 7.04% over the past year [10] - The fund has traded between $81.46 and $100.02 in the last 52 weeks [10] Alternatives - Other ETFs in the same space include iShares U.S. Equity Factor ETF (LRGF) and Fidelity High Dividend ETF (FDVV), with LRGF having $2.78 billion in assets and FDVV having $6.53 billion [12] - LRGF has an expense ratio of 0.08% and FDVV has an expense ratio of 0.16% [12]