Latest news with #IJR
Yahoo
3 days ago
- Business
- Yahoo
Boom Bust: Assets Flee CALF as Performance Slumps
The Pacer US Small Cap Cash Cows ETF (CALF) has fallen sharply out of favor in 2025, as a dramatic reversal in performance has triggered a flood of outflows from the once-high-flying fund. Year to date, investors have yanked $2.6 billion from the ETF, the 12th-largest outflow among all U.S.-listed exchange-traded funds. That exodus, combined with deep losses, has slashed the fund's assets by nearly half—from $8.1 billion at the start of the year to $4.3 billion today. At its peak in 2024, CALF had just under $10 billion in assets. The sharp reversal underscores how quickly investor sentiment can shift. CALF's recent struggles have been particularly stark given its meteoric rise in prior years. From just $1 billion in assets in October 2022, the fund ballooned to nearly $10 billion in April 2024 thanks to blistering 2023 performance. That year, the ETF surged 35%, roughly double the returns of the biggest small-cap ETFs, including the iShares Russell 2000 ETF (IWM), the Vanguard Small-Cap ETF (VB) and the iShares Core S&P Small-Cap ETF (IJR). But the magic didn't last. In 2024, CALF dropped 7.4% even as its small-cap peers gained between 8% and 15%. And in 2025, the performance gap has only widened. As of now, the fund is down 12.5% on the year, compared to a 6.9% decline for IWM, a 4.7% drop for VB and an 8.2% loss for IJR. CALF's underperformance reflects both its concentrated nature and its unique strategy. While IWM, VB and IJR track broad, market cap-weighted indexes with hundreds or even thousands of holdings—none of which typically make up more than 0.5% of the portfolio—CALF is much more selective. The ETF chooses 200 companies with the highest free cash flow yields (free cash flow divided by enterprise value) from the small-cap universe. It's a value-leaning approach but one distinct from traditional value screens, such as those that emphasize price-to-book or price-to-earnings ratios. As a result, CALF's portfolio is relatively concentrated, with the top 10 holdings making up around 20% of assets and the top 20 more than 35%. Individual stocks can carry weights of 2% or more. That's not unusually high for ETFs overall, but it's elevated compared to other broad small-cap funds. Unfortunately for CALF, many of its top holdings have fared poorly in the past year and a half. Just five companies—Xerox Holdings Corp. (XRX), Alpha Metallurgical Resources Inc. (AMR), Peabody Energy Corp. (BTU), Signet Jewelers Limited (SIG) and Ironwood Pharmaceuticals Inc. (IRWD)—have collectively wiped nearly six percentage points off the fund's returns since the start of 2024. That kind of drag is difficult to overcome, and it's especially painful for a strategy that pitches itself as a more disciplined, cash-flows-focused alternative to traditional small-cap investing. To be clear, this year's weakness doesn't appear to be a referendum on value investing itself. Over the past 17 months, the Vanguard Small-Cap Value ETF (VBR) is up 8% while CALF has fallen 19%. VBR tracks the CRSP US Small Cap Value Index, which uses a multi-factor model that selects stocks based on price-to-book, various price-to-earnings ratios, dividend yields and price-to-sales ratios. CALF's struggles highlight the risks of a relatively concentrated portfolio of small-cap stocks. When it works, it can outperform in a big way. But when it doesn't, investors may quickly head for the | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Should Global X Russell 2000 ETF (RSSL) Be on Your Investing Radar?
Looking for broad exposure to the Small Cap Blend segment of the US equity market? You should consider the Global X Russell 2000 ETF (RSSL), a passively managed exchange traded fund launched on 06/04/2024. The fund is sponsored by Global X Management. It has amassed assets over $1.35 billion, making it one of the larger ETFs attempting to match the Small Cap Blend segment of the US equity market. Sitting at a market capitalization below $2 billion, small cap companies tend to be high-potential stocks compared to its large and mid cap counterparts, but come with higher risk. Typically holding a combination of both growth and value stocks, blend ETFs also demonstrate qualities seen in value and growth investments. Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same. Annual operating expenses for this ETF are 0.08%, making it one of the cheaper products in the space. It has a 12-month trailing dividend yield of 1.28%. While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis. This ETF has heaviest allocation to the Financials sector--about 19.40% of the portfolio. Industrials and Healthcare round out the top three. Looking at individual holdings, Sprouts Farmers (SFM) accounts for about 0.73% of total assets, followed by Insmed Inc (INSM) and Carpenter Technology (CRS). The top 10 holdings account for about 4.21% of total assets under management. RSSL seeks to match the performance of the RUSSELL 2000 RIC CAPPED INDEX before fees and expenses. The Russell 2000 RIC Capped Index measures the performance of the small-capitalization sector of the U.S. equity market. The ETF has lost about -6.85% so far. In the past 52-week period, it has traded between $68.51 and $95.64. With about 1940 holdings, it effectively diversifies company-specific risk. Global X Russell 2000 ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, RSSL is a good option for those seeking exposure to the Style Box - Small Cap Blend area of the market. Investors might also want to consider some other ETF options in the space. The iShares Russell 2000 ETF (IWM) and the iShares Core S&P Small-Cap ETF (IJR) track a similar index. While iShares Russell 2000 ETF has $64.13 billion in assets, iShares Core S&P Small-Cap ETF has $76.97 billion. IWM has an expense ratio of 0.19% and IJR charges 0.06%. Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Global X Russell 2000 ETF (RSSL): ETF Research Reports Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Insmed, Inc. (INSM) : Free Stock Analysis Report iShares Russell 2000 ETF (IWM): ETF Research Reports Sprouts Farmers Market, Inc. (SFM) : Free Stock Analysis Report iShares Core S&P Small-Cap ETF (IJR): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
Should iShares U.S. Small-Cap Equity Factor ETF (SMLF) Be on Your Investing Radar?
Looking for broad exposure to the Small Cap Blend segment of the US equity market? You should consider the iShares U.S. Small-Cap Equity Factor ETF (SMLF), a passively managed exchange traded fund launched on 04/28/2015. The fund is sponsored by Blackrock. It has amassed assets over $1.68 billion, making it one of the larger ETFs attempting to match the Small Cap Blend segment of the US equity market. Sitting at a market capitalization below $2 billion, small cap companies tend to be high-potential stocks compared to its large and mid cap counterparts, but come with higher risk. Blend ETFs usually hold a mix of growth and value stocks as well as stocks that exhibit both value and growth characteristics. Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio. Annual operating expenses for this ETF are 0.15%, making it one of the cheaper products in the space. It has a 12-month trailing dividend yield of 1.40%. ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis. This ETF has heaviest allocation to the Industrials sector--about 18.40% of the portfolio. Financials and Consumer Discretionary round out the top three. Looking at individual holdings, Emcor Group Inc (EME) accounts for about 0.92% of total assets, followed by Carvana Class A (CVNA) and Duolingo Inc Class A (DUOL). SMLF seeks to match the performance of the MSCI USA Small Cap Diversified Multiple-Factor Index before fees and expenses. The STOXX U.S. Small-Cap Equity Factor Index (USD) composed of U.S. small-capitalization stocks that have favourable exposure to target style factors subject to constraints. The ETF has lost about -4.41% so far this year and was up about 5.56% in the last one year (as of 05/26/2025). In the past 52-week period, it has traded between $54.28 and $74.15. The ETF has a beta of 1.07 and standard deviation of 21.74% for the trailing three-year period, making it a high risk choice in the space. With about 863 holdings, it effectively diversifies company-specific risk. IShares U.S. Small-Cap Equity Factor ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, SMLF is a sufficient option for those seeking exposure to the Style Box - Small Cap Blend area of the market. Investors might also want to consider some other ETF options in the space. The iShares Russell 2000 ETF (IWM) and the iShares Core S&P Small-Cap ETF (IJR) track a similar index. While iShares Russell 2000 ETF has $63.70 billion in assets, iShares Core S&P Small-Cap ETF has $76.05 billion. IWM has an expense ratio of 0.19% and IJR charges 0.06%. Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iShares U.S. Small-Cap Equity Factor ETF (SMLF): ETF Research Reports EMCOR Group, Inc. (EME) : Free Stock Analysis Report iShares Russell 2000 ETF (IWM): ETF Research Reports iShares Core S&P Small-Cap ETF (IJR): ETF Research Reports Carvana Co. (CVNA) : Free Stock Analysis Report Duolingo, Inc. (DUOL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
20-05-2025
- Business
- Yahoo
Should First Trust Small Cap Core AlphaDEX ETF (FYX) Be on Your Investing Radar?
Designed to provide broad exposure to the Small Cap Blend segment of the US equity market, the First Trust Small Cap Core AlphaDEX ETF (FYX) is a passively managed exchange traded fund launched on 05/08/2007. The fund is sponsored by First Trust Advisors. It has amassed assets over $822.01 million, making it one of the average sized ETFs attempting to match the Small Cap Blend segment of the US equity market. With more potential comes more risk, and small cap companies, with market capitalization below $2 billion, epitomizes this way of thinking. Blend ETFs usually hold a mix of growth and value stocks as well as stocks that exhibit both value and growth characteristics. Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same. Annual operating expenses for this ETF are 0.61%, making it one of the more expensive products in the space. It has a 12-month trailing dividend yield of 1.59%. ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis. This ETF has heaviest allocation to the Financials sector--about 22.20% of the portfolio. Industrials and Consumer Discretionary round out the top three. Looking at individual holdings, Alignment Healthcare, Inc. (ALHC) accounts for about 0.57% of total assets, followed by Tg Therapeutics, Inc. (TGTX) and Dnow Inc. (DNOW). The top 10 holdings account for about 4.42% of total assets under management. FYX seeks to match the performance of the Nasdaq AlphaDEX Small Cap Core Index before fees and expenses. The NASDAQ AlphaDEX Small Cap Core Index is an enhanced index which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 700 Small Cap Index. The ETF has lost about -6.04% so far this year and is up about 2.79% in the last one year (as of 05/19/2025). In the past 52-week period, it has traded between $79.22 and $110.53. The ETF has a beta of 1.12 and standard deviation of 22.91% for the trailing three-year period, making it a medium risk choice in the space. With about 525 holdings, it effectively diversifies company-specific risk. First Trust Small Cap Core AlphaDEX ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, FYX is a reasonable option for those seeking exposure to the Style Box - Small Cap Blend area of the market. Investors might also want to consider some other ETF options in the space. The iShares Russell 2000 ETF (IWM) and the iShares Core S&P Small-Cap ETF (IJR) track a similar index. While iShares Russell 2000 ETF has $64.30 billion in assets, iShares Core S&P Small-Cap ETF has $79.31 billion. IWM has an expense ratio of 0.19% and IJR charges 0.06%. While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Trust Small Cap Core AlphaDEX ETF (FYX): ETF Research Reports TG Therapeutics, Inc. (TGTX) : Free Stock Analysis Report iShares Russell 2000 ETF (IWM): ETF Research Reports DNOW Inc. (DNOW) : Free Stock Analysis Report iShares Core S&P Small-Cap ETF (IJR): ETF Research Reports Alignment Healthcare, Inc. (ALHC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Hindustan Times
19-05-2025
- Politics
- Hindustan Times
Shortage of personnel plagues justice system
Complaints about the slow progress of cases, tedious legal processes, and the hassle of filing complaints with the police is commonplace is India. But to analyse the efficiency of the law and justice system, it is necessary to look at whether the institutions are overburdened and if yes, to what extent? The India Justice Report (IJR) 2025 which was released last month gives an insight into this question.
