Core Viewpoint - The State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is a significant player in the Large Cap Value segment of the US equity market, with over $7.32 billion in assets and a focus on high dividend-paying stocks [1][10]. Group 1: ETF Overview - SPYD is a passively managed ETF launched on October 21, 2015, sponsored by State Street Investment Management [1]. - The ETF aims to match the performance of the S&P 500 High Dividend Index, which includes the top 80 dividend-paying securities based on yield [7]. Group 2: Investment Characteristics - Large cap companies typically have market capitalizations above $10 billion, offering more stability and reliable cash flows compared to mid and small cap companies [2]. - Value stocks, which SPYD focuses on, generally have lower price-to-earnings and price-to-book ratios, and while they have lower sales and earnings growth rates, they have historically outperformed growth stocks in most markets [3]. Group 3: Costs and Performance - SPYD has an annual operating expense ratio of 0.07%, making it one of the least expensive ETFs in its category, with a 12-month trailing dividend yield of 4.48% [4]. - The ETF has added approximately 4.23% year-to-date and is down about 3.56% over the past year, with a trading range between $38.81 and $46.43 in the last 52 weeks [7]. Group 4: Sector Exposure and Holdings - The ETF has a significant allocation to the Real Estate sector, comprising about 21.7% of the portfolio, followed by Consumer Staples and Financials [5]. - CVS Health Corp (CVS) represents about 1.66% of total assets, with the top 10 holdings accounting for approximately 14.58% of total assets under management [6]. Group 5: Risk and Alternatives - SPYD has a beta of 0.85 and a standard deviation of 15.23% over the trailing three-year period, indicating a medium risk profile [8]. - Alternatives to SPYD include the Schwab U.S. Dividend Equity ETF (SCHD) and the Vanguard Value ETF (VTV), which have larger asset bases and slightly lower expense ratios [10].

Core Insights - The First Trust Industrials/Producer Durables AlphaDEX ETF (FXR) offers broad exposure to the Industrials - Broad segment of the equity market, appealing to both retail and institutional investors due to its low costs, transparency, flexibility, and tax efficiency [1][2] Fund Overview - FXR is a passively managed ETF launched on May 8, 2007, with assets exceeding $1.82 billion, making it one of the larger ETFs in its category [3] - The fund aims to match the performance of the StrataQuant Industrials Index, which uses the AlphaDEX screening methodology to select stocks from the Russell 1000 Index [4] Cost Structure - The ETF has an annual operating expense ratio of 0.6%, which is competitive within its peer group, and a 12-month trailing dividend yield of 0.7% [5] Sector Exposure and Holdings - The ETF has a significant allocation in the Industrials sector, comprising approximately 70.8% of the portfolio, with Materials and Financials following [6] - Builders Firstsource, Inc. (BLDR) represents about 1.26% of total assets, with the top 10 holdings accounting for approximately 12.19% of total assets under management [7] Performance Metrics - As of August 4, 2025, FXR has increased by about 1.74% year-to-date and 6.97% over the past year, trading between $60.85 and $83.27 in the last 52 weeks [8] - The ETF has a beta of 1.15 and a standard deviation of 20.39% over the trailing three-year period, indicating medium risk [8] Alternatives - FXR holds a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking exposure to the Industrials ETFs area [9] - Other alternatives include the Vanguard Industrials ETF (VIS) and the Industrial Select Sector SPDR ETF (XLI), with VIS having $5.94 billion in assets and an expense ratio of 0.09%, while XLI has $22.66 billion and charges 0.08% [10]