Economic Outlook - The Federal Reserve has upgraded its U.S. economic growth outlook, expecting GDP to rise 1.6% in 2025, accelerating to 1.8% in 2026 and 1.9% in 2027 [2] - The Fed's dovish stance has led to increased optimism on Wall Street, with strategists from Wells Fargo, Barclays, and Deutsche Bank raising their S&P 500 targets due to resilient earnings, the AI investment cycle, and the prospect of lower rates [3] Market Performance - The S&P 500 has gained about 3.40% so far in September, rebounding around 33% since early April [1] - The S&P Global US PMI Composite Output Index was at 54.6 in August, indicating solid U.S. growth despite a slight decrease from July's 55.1 [5] - Financials and technology sectors were highlighted as top performers in August, contributing to the recent gains in the S&P 500 [5] Sector ETFs - The Technology Select Sector SPDR ETF (XLK) has gained 13.73% over the past three months and 19.87% over the past year, with major allocations to Microsoft (MSFT) and Apple (AAPL) [7] - The Financial Select Sector SPDR ETF (XLF) has gained 6.34% over the past three months and 19.81% over the past year, with significant exposure to JPMorgan Chase & Co. (JPM) [8] - The Industrial Select Sector SPDR ETF has gained 6.67% over the past three months and 17.23% over the past year, with RTX Corporation also included in its holdings [10] Health Care Sector - The Health Care Select Sector SPDR ETF (XLV) has an asset base of $33.76 billion and charges an annual fee of 0.08%, with top allocations to Eli Lilly (LLY), Johnson & Johnson (JNJ), and AbbVie (ABBV) [11] - Despite a 10.55% decline over the past year, the Health Care Select Sector SPDR ETF has gained 2.54% quarter to date and 0.27% month to date [10][12]

Core Insights - The iShares U.S. Industrials ETF (IYJ) is a passively managed ETF launched on June 12, 2000, providing broad exposure to the industrials sector of the equity market [1][3] - The ETF has gained popularity among retail and institutional investors due to its low costs, transparency, flexibility, and tax efficiency [1] Fund Overview - Sponsored by Blackrock, IYJ has amassed over $1.77 billion in assets, making it one of the larger ETFs in the industrials sector [3] - The ETF aims to match the performance of the Dow Jones U.S. Industrials Index before fees and expenses [3] Index and Sector Details - The Russell 1000 Industrials 40 Act 15/22.5 Daily Capped Index measures the performance of the U.S. industrial sector, including various sub-sectors such as construction, aerospace, and industrial transportation [4] - IYJ has a heavy allocation of approximately 65.4% in the Industrials sector, with Financials and Materials also being significant [6] Cost and Performance - The annual operating expenses for IYJ are 0.39%, making it one of the cheaper options in the ETF space, with a 12-month trailing dividend yield of 0.83% [5] - The ETF has increased by about 9.52% year-to-date and 19.21% over the past year, with a trading range between $115.07 and $148.18 in the last 52 weeks [8] Holdings and Diversification - Visa Inc Class A (V) constitutes about 8.3% of total assets, followed by Mastercard Inc Class A (MA) and Ge Aerospace (GE), with the top 10 holdings accounting for approximately 34.62% of total assets [7] - With around 202 holdings, IYJ effectively diversifies company-specific risk [8] Alternatives - Other ETF options in the industrials space include the Vanguard Industrials ETF (VIS) and the Industrial Select Sector SPDR ETF (XLI), with VIS having $6.15 billion in assets and XLI at $23.07 billion [10] - VIS has an expense ratio of 0.09%, while XLI charges 0.08% [10]

Core Insights - The Industrial Select Sector SPDR ETF (XLI) is designed to provide broad exposure to the Industrials sector, launched on December 16, 1998, and has become a popular choice among retail and institutional investors due to its low costs and tax efficiency [1][2] Fund Overview - XLI is sponsored by State Street Investment Management and has over $23.35 billion in assets, making it the largest ETF in the Industrials sector [3] - The ETF aims to match the performance of the Industrial Select Sector Index, which includes various industries such as aerospace, machinery, and logistics [4] Cost Structure - The ETF has an annual operating expense ratio of 0.08%, positioning it as one of the least expensive options in the market, with a 12-month trailing dividend yield of 1.28% [5] Sector Exposure and Holdings - XLI has a 100% allocation in the Industrials sector, with General Electric (GE) making up approximately 6.06% of total assets, and the top 10 holdings accounting for about 37.98% of total assets [6][7] Performance Metrics - The ETF has returned approximately 15.11% and is up about 22.94% year-to-date as of August 11, 2025, with a trading range between $116.42 and $154.99 over the past 52 weeks [8] - XLI has a beta of 1.07 and a standard deviation of 17.12% over the trailing three-year period, indicating a medium risk profile [8] Investment Alternatives - XLI holds a Zacks ETF Rank of 1 (Strong Buy), indicating strong expected returns and favorable metrics compared to other ETFs in the sector [9] - Other ETFs in the Industrials space include the First Trust RBA American Industrial Renaissance ETF (AIRR) and the Vanguard Industrials ETF (VIS), with AIRR having $4.55 billion in assets and VIS having $6.06 billion [11]

Core Insights - The Invesco Dorsey Wright Industrials Momentum ETF (PRN) is designed to provide broad exposure to the Industrials sector, appealing to both retail and institutional investors due to its low costs, transparency, flexibility, and tax efficiency [1][2] Fund Overview - PRN was launched on October 12, 2006, and has accumulated assets over $358.2 million, positioning it as an average-sized ETF in the Industrials - Broad segment [3] - The ETF aims to match the performance of the DWA Industrials Technical Leaders Index, which includes at least 30 stocks from a universe of approximately 3,000 US-traded common stocks [4] Cost Structure - The annual operating expenses for PRN are 0.6%, which is competitive with most peer products, and it has a 12-month trailing dividend yield of 0.35% [5] Sector Exposure and Holdings - The ETF has a significant allocation in the Industrials sector, comprising about 94.8% of the portfolio [6] - Heico Corp (HEI) is the largest holding at approximately 4.95% of total assets, followed by Rocket Lab Corp (RKLB) and Comfort Systems USA Inc (FIX). The top 10 holdings account for about 42.37% of total assets [7] Performance Metrics - As of August 7, 2025, PRN has gained approximately 5.97% year-to-date and about 22.41% over the past year. The ETF has traded between $122.83 and $177.75 in the last 52 weeks [8] - PRN has a beta of 1.22 and a standard deviation of 22.9% over the trailing three-year period, indicating medium risk with more concentrated exposure than peers [8] Alternatives - PRN carries a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking exposure to the Industrials sector. Other alternatives include the Vanguard Industrials ETF (VIS) and the Industrial Select Sector SPDR ETF (XLI), which have significantly larger asset bases and lower expense ratios [9][10]

Core Insights - The First Trust RBA American Industrial Renaissance ETF (AIRR) is a passively managed ETF launched on March 10, 2014, designed to provide broad exposure to the Industrials - Broad segment of the equity market [1] - AIRR has amassed over $4.59 billion in assets, making it one of the largest ETFs in its category [3] - The ETF has a year-to-date return of approximately 14.38% and a 12-month return of about 31.3% as of August 6, 2025 [8] Fund Overview - AIRR seeks to match the performance of the Richard Bernstein Advisors American Industrial Renaissance Index, which focuses on small and mid-cap US companies in the industrial and community banking sectors [4] - The ETF has an annual operating expense ratio of 0.7%, which is relatively high compared to other ETFs [5] Sector Exposure and Holdings - The ETF has a significant allocation in the Industrials sector, comprising about 91.1% of the portfolio [6] - Dycom Industries, Inc. (DY) is the largest holding at approximately 3.37% of total assets, followed by Emcor Group, Inc. (EME) and Bwx Technologies, Inc. (BWXT) [7] - The top 10 holdings account for about 29.85% of total assets under management [7] Performance Metrics - AIRR has a beta of 1.29 and a standard deviation of 24.95% over the trailing three-year period, indicating a higher risk profile [8] - The ETF has traded between $61.92 and $88.54 in the past 52 weeks [8] Alternatives - AIRR holds a Zacks ETF Rank of 2 (Buy), indicating favorable expected asset class return, expense ratio, and momentum [9] - Other ETFs in the industrials space include Vanguard Industrials ETF (VIS) and Industrial Select Sector SPDR ETF (XLI), with VIS having $6.01 billion in assets and XLI at $23.09 billion [11]

Core Viewpoint - The Vanguard Industrials ETF (VIS) offers broad exposure to the Industrials sector, appealing to both institutional and retail investors due to its low cost and transparency [1][2]. Group 1: Fund Overview - VIS is a passively managed ETF launched on September 23, 2004, with assets exceeding $6.01 billion, making it one of the largest ETFs in the Industrials sector [3]. - The ETF aims to match the performance of the MSCI US Investable Market Industrials 25/50 Index, which includes large, mid-size, and small U.S. companies in the industrials sector [3]. Group 2: Cost and Performance - The annual operating expense ratio for VIS is 0.09%, positioning it as one of the least expensive options in the market [4]. - The ETF has a 12-month trailing dividend yield of 1.11% [4]. - Year-to-date, VIS has increased by approximately 13.93% and has risen about 25.49% over the past year, with a trading range between $220.04 and $295.5 in the last 52 weeks [7]. Group 3: Holdings and Sector Exposure - The ETF has a heavy allocation in the Industrials sector, comprising about 99.9% of its portfolio [5]. - General Electric Co (GE) represents approximately 4.69% of total assets, followed by Rtx Corp (RTX) and Caterpillar Inc (CAT) [6]. Group 4: Risk and Alternatives - VIS has a beta of 1.11 and a standard deviation of 18.05% over the trailing three-year period, indicating a medium risk profile [7]. - The ETF holds a Zacks ETF Rank of 1 (Strong Buy), suggesting it is a strong option for investors seeking exposure to the Industrials segment [8]. - Other alternatives in the space include the First Trust RBA American Industrial Renaissance ETF (AIRR) and the Industrial Select Sector SPDR ETF (XLI), with respective assets of $4.59 billion and $23.09 billion [9].

Core Viewpoint - The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) aims to provide broad exposure to the industrials sector through an equal-weighted strategy, which may offer potential advantages over traditional market-cap weighted ETFs [1][5]. Fund Overview - RSPN was launched on November 1, 2006, and is managed by Invesco, accumulating over $665.75 million in assets, positioning it as an average-sized ETF in the Industrials category [1][5]. - The fund seeks to match the performance of the S&P 500 Equal Weight Industrials Index, which equally weights stocks in the industrials sector of the S&P 500 [5]. Cost Structure - The annual operating expenses for RSPN are 0.40%, making it one of the more affordable options in the ETF space [6]. - The ETF has a 12-month trailing dividend yield of 0.92% [6]. Sector Exposure and Holdings - RSPN's portfolio is entirely allocated to the Industrials sector, with a heavy focus on diversification [7]. - Generac Holdings Inc (GNRC) constitutes approximately 1.45% of the fund's total assets, with the top 10 holdings accounting for about 13.72% of total assets under management [8]. Performance Metrics - As of August 6, 2025, RSPN has gained approximately 9.89% year-to-date and 21.97% over the past year [9]. - The ETF has traded between $43.34 and $56.33 in the past 52 weeks [9]. - RSPN has a beta of 1.09 and a standard deviation of 18.01% over the trailing three-year period, indicating a moderate level of risk [10]. Alternatives - Other ETFs in the industrials space include the Vanguard Industrials ETF (VIS) and the Industrial Select Sector SPDR ETF (XLI), which have significantly larger asset bases of $6.01 billion and $23.09 billion, respectively [12]. - VIS has a lower expense ratio of 0.09%, while XLI charges 0.08%, making them potentially more cost-effective options for investors [12].

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]

Core Insights - The Fidelity MSCI Industrials Index ETF (FIDU) offers broad exposure to the Industrials sector, appealing to both retail and institutional investors due to its low costs, transparency, flexibility, and tax efficiency [1][2] Fund Overview - FIDU, launched on October 21, 2013, has accumulated over $1.48 billion in assets, positioning it as one of the larger ETFs in the Industrials sector [3] - The ETF aims to replicate the performance of the MSCI USA IMI Industrials Index, which reflects the industrial sector's performance in the U.S. equity market [3] Cost Structure - FIDU has an annual operating expense of 0.08%, making it one of the least expensive ETFs in its category [4] - The ETF offers a 12-month trailing dividend yield of 1.27% [4] Sector Exposure and Holdings - The ETF is fully allocated to the Industrials sector, with approximately 100% of its portfolio dedicated to this area [5] - General Electric (GE) constitutes about 4.56% of total assets, followed by RTX Corp (RTX) and Caterpillar Inc (CAT), with the top 10 holdings representing around 29.24% of total assets [6] Performance Metrics - FIDU has increased by approximately 15.45% year-to-date and 20.08% over the past year as of July 30, 2025 [7] - The ETF has traded between $60.99 and $81.86 in the last 52 weeks, with a beta of 1.09 and a standard deviation of 17.93% over the trailing three-year period, indicating medium risk [7] Alternatives - FIDU holds a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking exposure to the Industrials sector [8] - Other alternatives include the Vanguard Industrials ETF (VIS) and the Industrial Select Sector SPDR ETF (XLI), with VIS having $6.07 billion in assets and XLI at $23.00 billion [9]

Core Insights - The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) is designed to provide broad exposure to the Industrials sector, launched on November 1, 2006 [1] - The ETF has gained popularity among both institutional and retail investors due to its low cost, transparency, flexibility, and tax efficiency [1][2] - RSPN has amassed assets over $672.39 million, making it an average-sized ETF in its category [3] Index Details - RSPN aims to match the performance of the S&P 500 Equal Weight Industrials Index, which equally weights stocks in the industrials sector of the S&P 500 Index [3] - The ETF has a 100% allocation in the Industrials sector, providing diversified exposure [5] Costs - The annual operating expenses for RSPN are 0.40%, which is competitive with peer products [4] - The ETF has a 12-month trailing dividend yield of 0.92% [4] Performance and Risk - Year-to-date, RSPN has increased by approximately 10.45%, and it is up about 17.46% over the last 12 months as of July 23, 2025 [7] - The ETF has a beta of 1.09 and a standard deviation of 18.05% for the trailing three-year period, indicating effective diversification of company-specific risk [7] Alternatives - RSPN carries a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking exposure to the Industrials sector [8] - Other alternatives include the Vanguard Industrials ETF (VIS) and the Industrial Select Sector SPDR ETF (XLI), with VIS having $6 billion in assets and an expense ratio of 0.09%, while XLI has $22.49 billion in assets and charges 0.08% [9]