Group 1 - The iShares Russell Top 200 Value ETF (IWX) is a passively managed ETF that focuses on large-cap American-listed stocks [1] - The ETF aims to provide investors with exposure to high-value stocks within the top 200 companies in the Russell index [1] Group 2 - Nikola has over three years of experience in finance and consulting, specializing in identifying value in North American public equities and ETFs [1] - His professional background includes corporate credit risk analysis, government consulting, and venture capital analysis in the med-tech sector [1] - Recently, Nikola has assisted investors in selecting better ETF options amidst a crowded market of similar offerings [1]

Group 1 - The iShares Russell Top 200 Value ETF (IWX) is a passively managed ETF that focuses on large-cap American-listed stocks [1] - The purpose of the ETF is to measure the performance of large-cap value stocks in the U.S. market [1] Group 2 - Nikola has over three years of experience in finance and consulting, specializing in identifying value in North American public equities and ETFs [1] - Nikola's professional background includes corporate credit risk analysis, consulting for government entities, and venture capital analysis in the med-tech sector [1] - Recently, Nikola has assisted investors in identifying better ETF options amidst a crowded market of similar offerings [1]

Core Insights - The iShares Russell Top 200 Value ETF (IWX) is designed to provide broad exposure to the Large Cap Value segment of the US equity market, launched on September 22, 2009, and has assets over $2.68 billion [1] - Large cap companies typically have market capitalizations above $10 billion, characterized by stability and predictable cash flows [2] - Value stocks generally have lower price-to-earnings and price-to-book ratios, and while they have historically outperformed growth stocks in most markets, they may underperform during strong bull markets [3] Costs - The annual operating expenses for IWX are 0.2%, making it one of the cheaper options in the ETF space, with a 12-month trailing dividend yield of 1.85% [4] Sector Exposure and Top Holdings - The ETF has a significant allocation to the Financials sector, comprising about 25.4% of the portfolio, followed by Healthcare and Industrials [5] - Berkshire Hathaway Inc Class B (BRK.B) is the largest holding at approximately 4.67% of total assets, with the top 10 holdings accounting for about 25.57% of total assets under management [6] Performance and Risk - IWX aims to match the performance of the Russell Top 200 Value Index, having gained about 5.93% year-to-date and 9% over the past year as of August 4, 2025 [7] - The ETF has a beta of 0.82 and a standard deviation of 13.96% over the trailing three-year period, indicating a medium risk profile [8] Alternatives - IWX carries a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking exposure to the Large Cap Value segment [9] - Other comparable ETFs include Schwab U.S. Dividend Equity ETF (SCHD) and Vanguard Value ETF (VTV), with SCHD having $68.79 billion in assets and an expense ratio of 0.06%, while VTV has $137.52 billion and charges 0.04% [10] Bottom-Line - Passively managed ETFs like IWX are increasingly favored by retail and institutional investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11]