iShares Russell Mid-cap Value ETF (ARCA: IWS)

iShares Russell Mid-cap Value ETF (ARCA:IWS), Quote.Headers.trade-ideas

iShares Russell Mid-cap Value ETF

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The Fund seeks to track the investment results of the Russell Midcap Value Index; the Underlying Index, which measures the performance of the mid-capitalization value sector of the U.S. equity market, as defined by FTSE Russell; the Index Provider or Russell.

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ETFs

iShares Trust Russell MidCap Value Index Fund

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Designed to provide broad exposure to the Mid Cap Value segment of the US equity market, the Invesco S&amp;P MidCap 400 Revenue ETF (ARCA:RWK) is a passively managed exchange traded fund launched on 02/22/2008.

Should Invesco S&amp;P MidCap 400 Revenue ETF Be on Your Investing Radar?

The WisdomTree U.S. MidCap ETF (ARCA: EZM) made its debut on 02/23/2007, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Mid Cap Value category of the market.

What Are Smart Beta ETFs?

Is WisdomTree U.S. MidCap ETF (EZM) a Strong ETF Right Now?

Long Ideas

Broad U.S. Equity ETFs

BYND

VONV

4 ETFs You Won&#39;t Believe Hold Beyond Meat Stock

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Designed to provide broad exposure to the Mid Cap Value segment of the US equity market, the Invesco S&amp;P MidCap 400 Revenue ETF (ARCA:RWK) is a passively managed exchange traded fund launched on 02/22/2008.
The fund is sponsored by Invesco. It has amassed assets over $766.87 million, making it one of the average sized ETFs attempting to match the Mid Cap Value segment of the US equity market.
Why Mid Cap Value
With market capitalization between $2 billion and $10 billion, mid cap companies usually contain higher growth prospects than large cap companies, and are considered less risky than their small cap counterparts. Thus, companies that fall under this category provide a stable and growth-heavy investment.
While value stocks have lower than average price-to-earnings and price-to-book ratios, they also have lower than average sales and earnings growth rates. Value stocks have outperformed growth stocks in nearly all markets when you consider long-term performance, growth stocks are more likely to outpace value stocks in strong bull markets.
Costs
When considering an ETF&#39;s total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.39%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 1.02%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Consumer Discretionary sector--about 21.80% of the portfolio. Industrials and Financials round out the top three.
Looking at individual holdings, TD Synnex Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snx#NYSE">SNX</a>) accounts for about 2.90% of total assets, followed by Performance Food Group Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfgc#NYSE">PFGC</a>)&nbsp;and PBF Energy Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbf#NYSE">PBF</a>).
The top 10 holdings account for about 17.51% of total assets under management.
Performance and Risk
RWK seeks to match the performance of the OFI Revenue Weighted Mid Cap Index before fees and expenses. The S&amp;P MidCap 400 Revenue-Weighted Index is constructed using a rules-based methodology that re-weights the constituent securities of the S&amp;P MidCap 400 Index according to the revenue earned by the companies in the parent index, subject to a maximum 5% per company weighting.
The ETF has gained about 8.37% so far this year and it&#39;s up approximately 31.37% in the last one year (as of 05/14/2024). In the past 52-week period, it has traded between $86.50 and $115.10.
The ETF has a beta of 1.30 and standard deviation of 21.80% for the trailing three-year period, making it a medium risk choice in the space. With about 400 holdings, it effectively diversifies company-specific risk.
Alternatives
Invesco S&amp;P MidCap 400 Revenue 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, RWK is a sufficient option for those seeking exposure to the Style Box - Mid Cap Value area of the market. Investors might also want to consider some other ETF options in the space.
The iShares Russell Mid-Cap Value ETF (ARCA:IWS) and the Vanguard Mid-Cap Value ETF (ARCA:VOE) track a similar index. While iShares Russell Mid-Cap Value ETF has $12.91 billion in assets, Vanguard Mid-Cap Value ETF has $16.42 billion. IWS has an expense ratio of 0.23% and VOE charges 0.07%.
Bottom-Line
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.
<a href="https://www.zacks.com/stock/news/2273226/should-invesco-s-p-midcap-400-revenue-etf-rwk-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2273226">To read this article on Zacks.com click here.</a>

Should Invesco S&P MidCap 400 Revenue ETF Be on Your Investing Radar?

The WisdomTree U.S. MidCap ETF (ARCA: EZM) made its debut on 02/23/2007, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Mid Cap Value category of the market.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.
If you&#39;re the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies.
By attempting to pick stocks that have a better chance of risk-return performance, non-cap weighted indexes are based on certain fundamental characteristics, or a combination of such.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor &amp; Index
The fund is managed by Wisdomtree, and has been able to amass over $807.70 million, which makes it one of the average sized ETFs in the Style Box - Mid Cap Value. Before fees and expenses, EZM seeks to match the performance of the WisdomTree U.S. MidCap Earnings Index.
The WisdomTree U.S. MidCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the mid-capitalization segment of the U.S. Stock Market.
Cost &amp; Other Expenses
When considering an ETF&#39;s total return, expense ratios are an important factor. And, cheaper funds can significantly outperform their more expensive cousins in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.38%, making it on par with most peer products in the space.
EZM&#39;s 12-month trailing dividend yield is 1.51%.
Sector Exposure and Top Holdings
It is important to delve into an ETF&#39;s holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
Representing 20.10% of the portfolio, the fund has heaviest allocation to the Industrials sector; Financials and Consumer Discretionary round out the top three.
When you look at individual holdings, American Airlines Group&nbsp;Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aal#NYSE">AAL</a>) accounts for about 0.88% of the fund&#39;s total assets, followed by Toll Brothers Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tol#NYSE">TOL</a>) and United States Steel Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/x#NYSE">X</a>).
EZM&#39;s top 10 holdings account for about 6.98% of its total assets under management.
Performance and Risk
The ETF has added roughly 3.48% so far this year and was up about 26.10% in the last one year (as of 03/25/2024). In the past 52-week period, it has traded between $47.01 and $60.29.
The ETF has a beta of 1.22 and standard deviation of 21.31% for the trailing three-year period, making it a medium risk choice in the space. With about 552 holdings, it effectively diversifies company-specific risk.
Alternatives
WisdomTree U.S. MidCap ETF is a reasonable option for investors seeking to outperform the Style Box - Mid Cap Value segment of the market. However, there are other ETFs in the space which investors could consider.
IShares Russell Mid-Cap ETF Value&nbsp;(ARCA:IWS)&nbsp;tracks Russell MidCap Value Index and the Vanguard Mid-Cap Value ETF (ARCA:VOE) tracks CRSP U.S. Mid Cap Value Index. IShares Russell Mid-Cap Value ETF has $13.76 billion in assets, Vanguard Mid-Cap Value ETF has $16.36 billion. IWS has an expense ratio of 0.23% and VOE charges 0.07%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Mid Cap Value.
<a href="https://www.zacks.com/stock/news/2245295/is-wisdomtree-u-s-midcap-etf-ezm-a-strong-etf-right-now?cid=CS-BENZ-FT-smart_beta_etf-2245295">To read this article on Zacks.com click here.</a>

It can be said that value is in the eye of the beholder, but there probably isn&#39;t a practical universe in which Beyond Meat (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bynd#NASDAQ">BYND</a>) stock is considered value fare.
Value stocks typically don&#39;t rise 71% in less than a month as Beyond Meat shares have done so to start 2020. For those that need more convincing this stock isn&#39;t more expensive, there&#39;s the following data <a href="https://www.morningstar.com/stocks/xnas/bynd/quote">courtesy of Morningstar</a>: a price-to-sales ratio of 28.62 times, a price-to-book ratio of 17.82 times and a jaw-dropping forward price-to-earnings ratio of 416.67 times.
The research firm classifies Beyond Meat as a mid-cap growth stock, yet here we are discussing the stock&#39;s appearance in not one, but several value exchange traded funds.
To be fair, the following funds don&#39;t necessarily have significant Beyond Meat exposure on a percentage basis. Few ETFs do, but some of these products are value funds and are among the largest shareholders in Beyond Meat, a stock that clearly isn&#39;t a value proposition.
<h3>iShares Russell 1000 Value ETF (IWD)</h3>
The iShares Russell 1000 Value ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iwd#NYSE">IWD</a>) tracks the Russell 1000 Value Index, the value offshoot of the popular Russell 1000, and holds 764 stocks. Beyond Meat represents a scant <a href="https://www.ishares.com/us/products/239708/?referrer=tickerSearch">0.03% of this ETF&#39;s weight</a>, but this fund does hold nearly 136,000 shares of the stock. On that basis, IWD is one of the largest ETF owners of Beyond Meat and, as its name implies, is a value fund.
See Also: <a href="https://www.benzinga.com/news/20/01/15161024/beyond-meat-shares-surge-as-starbucks-looks-towards-plant-options-in-carbon-pledge">Beyond Meat Shares Surge As Starbucks Looks Towards Plant Options In Carbon Pledge</a>
<h3>iShares Russell Mid-Cap Value ETF (IWS)</h3>
I thought I said Morningstar classifies beyond as a mid-cap growth stock? I did, but here it is appearing in the iShares Russell Mid-Cap Value ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iws#NYSE">IWS</a>), which is supposed to be a mid-cap value fund.
The $12 billion IWS follows the Russell MidCap Value Index and holds 631 stocks, none of which exceed weights of 0.90%, so its fair to say Beyond Meat doesn&#39;t dominate this fund. It doesn&#39;t. Not at <a href="https://www.ishares.com/us/products/239719/?referrer=tickerSearch">weight of 0.10%</a>, but the stock&#39;s residence in this ETF is still quixotic at best.
<h3>Vanguard Small-Cap Value ETF (VBR)</h3>
This is where things get really interesting. The Vanguard Small-Cap Value ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vbr#NYSE">VBR</a>) is a fine fund, but for those who believe in small-cap territory ending in the $2 billion to $2.5 billion, VBR is a violator with a median market value of $4.2 billion, but even that&#39;s a far cry from Beyond Meat&#39;s $7.71 billion market value.
No matter how liberal the application of &ldquo;small cap&rdquo; is, it&#39;s hard to call Beyond Meat a small-cap stock, let alone one with the value designation. Yet somehow someway, VBR owns more shares of Beyond Meat (nearly 308,000) than any other ETF.
<h3>Vanguard Russell 1000 Value ETF (VONV)</h3>
See the commentary on IWD because VONV also tracks the Russel 1000 Value Index.

4 ETFs You Won't Believe Hold Beyond Meat Stock

Not quite as familiar as large-caps and often viewed as less sexy than small-caps, mid-cap stocks still offer plenty of opportunity.

	The proof is in the proverbial pudding.

	The SPDR S&amp;P 500 (NYSE: <a class="ticker" href="/stock/spy#NYSE">SPY</a>) is up 19.5 percent year-to-date, but that lags the returns offered by the Vanguard Mid-Cap ETF (NYSE: <a class="ticker" href="/stock/vo#NYSE">VO</a>), the iShares Core Mid-Cap ETF (NYSE: <a class="ticker" href="/stock/ijh#NYSE">IJH</a>) and the SPDR S&amp;P MidCap 400 ETF (NYSE: <a class="ticker" href="/stock/mdy#NYSE">MDY</a>).

	Those three funds are among the dominant names in mid-cap ETFs, but they are far from the only products in this cap genre worth considering. Just as many mid-cap stocks go overlooked, the same can be said of some mid-cap ETFs that have been solid performers this year.

	Related: <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/07/3757504/mid-cap-etfs-your-broker-forgot-to-mention">Mid-Cap ETFs Your Broker Forgot to Mention</a>.

	PowerShares S&amp;P MidCap Low Volatility Portfolio (NYSE: <a class="ticker" href="/stock/xmlv#NYSE">XMLV</a>) 
	Conservative investors have embraced low volatility large-cap ETFs in a big way, helping make the PowerShares S&amp;P 500 Low Volatility Portfolio (NYSE: <a class="ticker" href="/stock/splv#NYSE">SPLV</a>) <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/04/3543255/king-of-low-vol-etfs-tops-5b-in-aum">one of the most successful ETFs</a> of any stripe to debut over the past two years.

	SPLV has small- and mid-cap cousins that came to market in February and the mid-cap play is the PowerShares S&amp;P MidCap Low Volatility Portfolio. XMLV operates in similar fashion to SPLV in that the mid-cap fund's holdings are culled from the 20 percent of an index's constituency with the lowest trailing 12-month volatility. XMLV's 80 holdings come by way of the S&amp;P MidCap 400 Index.

	The new mid-cap offering devotes nearly 77 percent of its combined weight to financial services and utilities names. Investors should also note small-cap growth and value names comprise a quarter of the fund's weight, <a href="http://www.invescopowershares.com/products/overview.aspx?ticker=XMLV">according to PowerShares data</a>. XMLV has annual fees of 0.25 percent and is up nearly 10 percent year-to-date.

	WisdomTree International MidCap Dividend Fund (NYSE: <a class="ticker" href="/stock/dim#NYSE">DIM</a>) 
	The WisdomTree International MidCap Dividend Fund can help investors kill three birds with one stone: Mid-cap and international exposure with a dividend kicker. Given the current market environment with U.S. stocks looking significantly more attractive than most other major developed markets, investors need to evaluate the pros and cons of this ETF.

	DIM does have a 3.1 percent 30-day SEC yield and Japan and is 19 percent of the fund's country weight. However, DIM is not a currency hedged ETF, leaving it vulnerable to a rising yen. The U.K., the next best developed dividend market <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/07/3771457/royal-dividends-u-k-etfs-may-have-dividend-allure">in dollar terms after the U.S., is DIM's second-largest country weight at 15.6 percent.</a>

	Overall, nearly half of the 21 countries DIM offers exposure are eurozone members. That levers the ETF to a possible rebound in that region, but also the possibility of further economic retrenchment. Annual fee: 0.58 percent.

	iShares Russell Mid-Cap Value ETF (NYSE: <a class="ticker" href="/stock/iws#NYSE">IWS</a>) 
	The iShares Russell Mid-Cap Value ETF is by no means a small ETF. Nearly $5.2 billion in assets under management affirms as much, but IWS is not the most talked about ETF. The most recent coverage of IWS includes one analyst calling the ETF "dangerous." If year-to-date returns of over 18 percent are "dangerous" then what are one-year returns of 30.5 percent? Sort of safe?

	Fact: IWS is favorably exposed to two of this year's top-performing sectors. Financial services combine for 33.7 percent of the ETF's weight. Combine producer durables and discretionary names and consumer discretionary represents another 21 percent.

	For more on ETFs, <a href="http://www.benzinga.com/etfs">click </a><a href="http://www.benzinga.com/etfs">here</a>.

Short Ideas

Specialty ETFs

New ETFs

WisdomTree Trust International MidCap Dividend

PowerShares S&P 500 Low Volatility Portfolio

SPLV

XMLV

More Overlooked Mid-Cap ETFs

On a year-to-date basis, the SPDR S&amp;P MidCap 400 ETF (NYSE: <a class="ticker" href="/stock/mdy#NYSE">MDY</a>) has slightly outperformed the SPDR S&amp;P 500 (NYSE: <a class="ticker" href="/stock/spy#NYSE">SPY</a>) and S&amp;P Capital IQ says in a recent research note that mid-caps might have more upside while endorsing ETFs as a way for investors to get exposure to the mid-cap space.

The firm notes that Sam Stovall, Chief Equity Strategist for S&amp;P Capital IQ,believes that history suggests, but does not guarantee, that these stocks (mid-caps), as a group, have more room to run. Of the 400 companies that comprise the S&amp;P MidCap 400 Index, S&amp;P Capital IQ covers 245 of them, but has Buy or Strong Buy ratings on just 45.

In the research note, S&amp;P Capital IQ highlighted three ETFs, the WisdomTree MidCap Dividend ETF (NYSE: <a class="ticker" href="/stock/don#NYSE">DON</a>), the iShares Russell Midcap Value Index Fund (NYSE: <a class="ticker" href="/stock/iws#NYSE">IWS</a>) and the Vanguard Mid-Cap Value ETF (NYSE: <a class="ticker" href="/stock/voe#NYSE">VOE</a>). DON and IWS earned Marketweight ratings from S&amp;P, but the Vanguard Mid-Cap Value ETF earned an Overweight rating because four of the ETF's top-10 holdings are rated Buy by S&amp;P.

VOE is home to 262 stocks and $1.8 billion in assets under management. Financials account for 28.3% of the fund's weight. Consumer discretionary, technology, industrials and utilities names also receive double-digit allocations. With an expense ratio of 0.12%, VOE is cheaper than 91% of comparable funds, according to Vanguard's Web site.

The iShares Russell Midcap Value Index Fund is larger by assets ($3.1 billion) and holdings (527). Nearly a third of that ETF's weight is allocated to financials while utilities and consumer discretionary names combine for another 26%. Producer durable land an allocation of 10.15%.

The WisdomTree MidCap Dividend ETF has an expense ratio of 0.38%, making it the most expensive fund of the trio, but the fund has a 30-day SEC yield north of 3%. Financials figure more prominently into DON's sector mix with a weight of 38.5% while utilities, consumer discretionary and industrials also get double-digit allocations.

Year-to-date, VOE has outperformed the other ETFs highlighted in the S&amp;P research note, but MDY has outperformed VOE, IWS and DON by a decent margin. MDY has an expense ratio of 0.25% and over $10.2 billion in AUM.

Analyst Color

Intraday Update

Analyst Ratings

Consider ETFs For Mid-Cap Exposure, S&P Says (MDY, DON, VOE)

U.S. retail sales rose 1.1% in February and, no pun intended, it was auto sales that drove the overall number higher. Last month, auto sales climbed 1.6% from January and surged almost 7% from February 2011. What's important about auto sales figures is that the numbers only measure cars sold to consumers, not to corporations or car rental outfits.

A rebounding U.S. economy has proven to be excellent news for the likes of Ford (NYSE: <a class="ticker" href="/stock/f#NYSE">F</a>) and General Motors (NYSE: <a class="ticker" href="/stock/gm#NYSE">GM</a>), but there are other ways to profit from <a href="http://www.benzinga.com/analyst-ratings/analyst-color/12/03/2409099/time-to-consider-auto-etfs-as-sales-rise-f-gm-vrom">resurgent auto sales</a>.

Here are the ETFs that could race higher as global auto sales continue their upward momentum.

Global X Auto ETF (NYSE: <a class="ticker" href="/stock/vrom#NYSE">VROM</a>)
The virtues of the Global X Auto ETF <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/03/2412252/these-etfs-could-forecast-2012-election-results-iez-uga-vrom">have been extolled</a> one just needs to know where to look. While thinly traded, VROM is one of the better discretionary plays out there, having jumped more than 24% year-to-date almost double the returns offered by the Consumer Discretionary Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xly#NYSE">XLY</a>).

Maybe the best reason to like VROM is that the ETF is not heavily allocated to just Ford and GM. Rather, VROM offers exposure to the German and Japanese auto giants and parts suppliers as well.

First Trust Germany AlphaDEX Fund (NYSE: <a class="ticker" href="/stock/fgm#NYSE">FGM</a>)
When it comes to Germany-specific ETFs, the iShares MSCI Germany Index Fund (NYSE: <a class="ticker" href="/stock/ewg#NYSE">EWG</a>) is the oldest and largest. When it comes to getting exposure to German automakers via an ETF, the newly minted First Trust Germany AlphaDEX Fund is the superior alternative. 

The auto industry is major part of the German economy and this is the world's second-largest exporter we're talking about, so if the global economy gains steam, FGM's weight to Volkswagen, Daimler, BMW, etc. could actually make the fund the top performer among Germany ETFs.

Consumer Discretionary Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xly#NYSE">XLY</a>)
XLY is known for its allocations to stocks such as McDonald's (NYSE: <a class="ticker" href="/stock/mcd#NYSE">MCD</a>), Walt Disney (NYSE: <a class="ticker" href="/stock/dis#NYSE">DIS</a>) and Nike (NYSE: <a class="ticker" href="/stock/nke#NYSE">NKE</a>), among others, but Ford is one of the ETF's top-10 holdings. Beyond that, XLY is home to 80 stocks and when including Ford, 11 of those stocks are auto industry plays. Looking at XLY's chart, it would appear advisable to wait for a pullback, but with economic data supporting more gains in discretionary stocks, that pullback may not materialize.

iShares Russell Midcap Value Index Fund (NYSE: <a class="ticker" href="/stock/iws#NYSE">IWS</a>)
When an ETF is home to 530 stocks as the iShares Russell Midcap Value Index Fund is, no single stock or niche group is going to account for an excessive portion of the fund's weight. That's true with IWS, but the ETF does feature smaller allocations to an array of auto parts suppliers. IWS has been on a tear since late December 2011 and the chart indicates the ETF needs to crack $48.50 to confirm a breakout.

Financials account for almost a third of IWS' weight so the ETF could be in play <a href="http://www.benzinga.com/media/cnbc/12/03/2419748/beyond-xlf-4-stress-test-etfs-kbe-jpm-bac">for other reasons</a> as soon as this week.

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VROM

Select Sector SPDR-Consumer Discretionary

4 ETFs For Rising Auto Sales (VROM, XLY, IWS)

<div>
<div>As investors continue to seek diversification in their portfolios, US Equity ETFs remain a popular choice. Equity ETFs allow for diversification across sectors and in regards to size of the company. The style of an ETF is determined by the market segment it occupied, generally falling into small, mid, or large-cap. Additionally, the potential for growth is taken into account which index style a stock should fit into. The Russell indices provide a strong benchmark for each style.</div>
<div></div>
<div>With the market continually evolving and investors becoming more sophisticated, it is more necessary than ever to make sure each index properly tracks the markets it is intended to. The Russell indices have proven to be a favorite among investment managers, as almost half of all US equity investment products use the Russell Style Indices as their benchmarks.</div>
<div></div>
<div>The table below shows the weekly returns of US equity ETFs that track a Russell Index: </div>
<div></div>
<h2>US Equity Style Trend</h2>
05/06/2011
We track <a href="http://www.myplaniq.com/LTISystem/advanced__markets.action">asset class movement</a> which are updated weekly. 
Performance data are based on closing prices on last Friday.
<div class="dividerTop">
<table id="USStyle" class="tablesorter" border="2" cellspacing="2" cellpadding="3">
<thead>
<tr>
<th > Description </th>
<th > Symbol </th>
<th > 1 Week </th>
<th > 4 Weeks </th>
<th > 13 Weeks </th>
<th > 26 Weeks </th>
<th > 52 Weeks </th>
<th > Trend Score </th>
</tr>
</thead>
<tbody>
<tr class="even">
<td>Russell Largecap Growth</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IWF&amp;type=1&amp;includeHeader=true" target="_blank">IWF</a></td>
<td>-1.68%</td>
<td>1.42%</td>
<td>2.73%</td>
<td>10.84%</td>
<td>26.86%</td>
<td>8.03%</td>
</tr>
<tr class="odd">
<td>Russell Largecap Index</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IWB&amp;type=1&amp;includeHeader=true" target="_blank">IWB</a></td>
<td>-1.72%</td>
<td>1.0%</td>
<td>2.96%</td>
<td>11.02%</td>
<td>24.11%</td>
<td>7.48%</td>
</tr>
<tr class="even">
<td>Russell Largecap Value</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IWD&amp;type=1&amp;includeHeader=true" target="_blank">IWD</a></td>
<td>-1.69%</td>
<td>0.57%</td>
<td>3.15%</td>
<td>12.18%</td>
<td>22.55%</td>
<td>7.35%</td>
</tr>
<tr class="odd">
<td>Russell Midcap Growth</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IWP&amp;type=1&amp;includeHeader=true" target="_blank">IWP</a></td>
<td>-1.63%</td>
<td>1.82%</td>
<td>4.84%</td>
<td>16.38%</td>
<td>35.25%</td>
<td>11.33%</td>
</tr>
<tr class="even">
<td>Russell Midcap Indedx</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IWR&amp;type=1&amp;includeHeader=true" target="_blank">IWR</a></td>
<td>-1.82%</td>
<td>1.1%</td>
<td>4.33%</td>
<td>14.23%</td>
<td>30.96%</td>
<td>9.76%</td>
</tr>
<tr class="odd">
<td>Russell Midcap Value</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IWS&amp;type=1&amp;includeHeader=true" target="_blank">IWS</a></td>
<td>-1.87%</td>
<td>0.56%</td>
<td>3.78%</td>
<td>13.38%</td>
<td>28.55%</td>
<td>8.88%</td>
</tr>
<tr class="even">
<td>Russell Smallcap Growth</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IWO&amp;type=1&amp;includeHeader=true" target="_blank">IWO</a></td>
<td>-3.91%</td>
<td>-0.37%</td>
<td>6.1%</td>
<td>16.76%</td>
<td>36.75%</td>
<td>11.07%</td>
</tr>
<tr class="odd">
<td>Russell Smallcap Index</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IWM&amp;type=1&amp;includeHeader=true" target="_blank">IWM</a></td>
<td>-3.61%</td>
<td>-0.85%</td>
<td>4.47%</td>
<td>13.63%</td>
<td>28.99%</td>
<td>8.53%</td>
</tr>
<tr class="even">
<td>Russell Smallcap Value</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IWN&amp;type=1&amp;includeHeader=true" target="_blank">IWN</a></td>
<td>-3.36%</td>
<td>-1.48%</td>
<td>2.74%</td>
<td>11.48%</td>
<td>22.66%</td>
<td>6.41%</td>
</tr>
</tbody>
</table>
</div>
<div></div>
<div></div>
<div>In the past week, the US market suffered as slight retraction as many corporate earnings reports failed to meet Wall Street expectations. Additionally, general economic uncertainty reared its head in the market, driving investors out of US equities for the week Because of this, all ETFs in the US Equity Style Trend table were down for the week.</div>
<div></div>
<div>Small cap ETFs were hit the hardest, as the iShares Russell 2000 Growth Index (IWO), the iShares Russell 2000 Index (IWM), and the iShares Russell 200 Value Index (IWN) all dropped over 3% in the past week. This follows traditional market behavior as small cap equties tend to react more harshly to swings in the market.</div>
<div></div>
<div>The iShares Russell Midcap Growth Index (IWP), down 1.63%, and the iShares Russell 1000 Growth Index (IWF), down 1.68%, were least effected by the downturn in the market. In the near future, mid to large cap equity ETFs will likely provide more stability and better gains than smaller ETFs as the market remains in flux and succesptible to turn on a variety of daily economic news. </div>
<div></div>
<div></div>
<table border="0" cellspacing="10">
<tbody>
<tr>
<th align="left">Assets Class</th>
<th>Symbols</th>
<th>05/04 Trend Score</th>
<th>04/27 Trend Score</th>
<th>Direction</th>
</tr>
<tr>
<td>Russell Midcap Growth</td>
<td>IWP</td>
<td>10.11%</td>
<td>12.57%</td>
<td>v</td>
</tr>
<tr>
<td>Russell Smallcap Growth</td>
<td>IWO</td>
<td>9.75%</td>
<td>14.01%</td>
<td>v</td>
</tr>
<tr>
<td>Russell Midcap Indedx</td>
<td>IWR</td>
<td>8.92%</td>
<td>10.9%</td>
<td>v</td>
</tr>
<tr>
<td>Russell Midcap Value</td>
<td>IWS</td>
<td>8.24%</td>
<td>9.84%</td>
<td>v</td>
</tr>
<tr>
<td>Russell Largecap Growth</td>
<td>IWF</td>
<td>7.69%</td>
<td>9.25%</td>
<td>v</td>
</tr>
<tr>
<td>Russell Smallcap Index</td>
<td>IWM</td>
<td>7.41%</td>
<td>11.05%</td>
<td>v</td>
</tr>
<tr>
<td>Russell Largecap Value</td>
<td>IWD</td>
<td>7.39%</td>
<td>8.15%</td>
<td>v</td>
</tr>
<tr>
<td>Russell Largecap Index</td>
<td>IWB</td>
<td>7.29%</td>
<td>8.52%</td>
<td>v</td>
</tr>
<tr>
<td>Russell Smallcap Value</td>
<td>IWN</td>
<td>5.7%</td>
<td>8.56%</td>
<td>v</td>
</tr>
</tbody>
</table>
  Trend score is the average of 1,4,13,26 and 52 week total returns (including dividend reinvested). You can get a <a href="http://www.myplaniq.com/LTISystem/api__customize.action">no cost widget </a>for any of these tables which will automatically update weekly.
<a rel="lightbox" href="http://www.myplaniq.com/LTISystem/article_toptablechart.action?tableName=USStyleReturnTableWed"> <img src="http://www.myplaniq.com/LTISystem/article_toptablechart.action?tableName=USStyleReturnTableWed" width='600' height='400' /> </a>
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<div>Despite the weak performance in recent periods, every style in the table has exhibited strong growth over the past 52 weeks, mirroring a rise in the US equity market. Investing in ETFs that use Russell Indices as a benchmark provides an investor with a the assurance that his or her investment will maintain the risk and return possibilities that he or she signed up for. As with any investment, it is important to ensure that the goals of the ETF match your personal investment goals.</div>
 
Symbols: <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWF&amp;count=0013'>IWF</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWB&amp;count=0011'>IWB</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWD&amp;count=0015'>IWD</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWP&amp;count=0021'>IWP</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWR&amp;count=0032'>IWR</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWS&amp;count=0025'>IWS</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWO&amp;count=0027'>IWO</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWM&amp;count=00110'>IWM</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWN&amp;count=0027'>IWN</a> 
 
Tickers: (NYSE: IWF), (NYSE: IWB), (NYSE: IWD), (NYSE: IWP), (NYSE: IWR), (NYSE: IWS), (NYSE: IWO), (NYSE: IWM), (NYSE: IWN)
<div>
Disclosure:
<a href="http://www.myplaniq.com/LTISystem/f401k__main.action">MyPlanIQ </a>does not have any business relationship with the company or companies mentioned in this article. It does not set up their retirement plans. The performance data of portfolios mentioned above are obtained through historical simulation and are hypothetical.</div>
</div>
 
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iShares Trust Russell Midcap Growth Index Fund

US Equities Fall as Economic Instability Continues

Small cap ETFs are generally made up of investments in companies with less than $1 billion in market capitalization. Small Cap Growth ETFs offer investors diversification throughout a wide range of industries and the potential for very high returns. At the same time, these ETFs tend to move up and down with the market and are subject to high levels of volatility.
US Small Cap Growth ETFs, represented by the iShares Russell 2000 Small Cap Growth Index ETF (IWO), continued to outperform other styles of US Equity Assets with a one week return of 2.66% and a trend score of 13.93%. The small cap growth sector has also outperformed other US Equity Assets over a 52 week period, returning 24.31% in the past year. (See Russell Table)
<h2>US Equity Style Return</h2>
<h3>4/29/2011</h3>
 
<table border="2">
</table>
<table border="0" cellspacing="12">
<tbody>
<tr>
<th align="left">Assets Class</th>
<th>Symbols</th>
<th>04/27 Trend Score</th>
<th>04/20 Trend Score</th>
<th>Direction</th>
</tr>
<tr>
<td>Russell Smallcap Growth</td>
<td>IWO</td>
<td>14.01%</td>
<td>13.06%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Midcap Growth</td>
<td>IWP</td>
<td>12.57%</td>
<td>11.91%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Smallcap Index</td>
<td>IWM</td>
<td>11.05%</td>
<td>9.92%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Midcap Indedx</td>
<td>IWR</td>
<td>10.9%</td>
<td>10.15%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Midcap Value</td>
<td>IWS</td>
<td>9.84%</td>
<td>9.03%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Largecap Growth</td>
<td>IWF</td>
<td>9.25%</td>
<td>8.24%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Smallcap Value</td>
<td>IWN</td>
<td>8.56%</td>
<td>7.26%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Largecap Index</td>
<td>IWB</td>
<td>8.52%</td>
<td>7.38%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Largecap Value</td>
<td>IWD</td>
<td>8.15%</td>
<td>6.96%</td>
<td>^</td>
</tr>
</tbody>
</table>
The trend score is defined as the average of 1,4,13,26 and 52 week total returns (including dividend reinvested).
<a rel="lightbox" href="http://www.myplaniq.com/LTISystem/article_toptablechart.action?tableName=USStyleReturnTableWed"> <img src="http://www.myplaniq.com/LTISystem/article_toptablechart.action?tableName=USStyleReturnTableWed" /> </a>
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<div id="smallCapGrowth" class="back">
<h2>U.S. Small Cap Growth</h2>
04/29/2011
<div class="dividerTop">
<table id="USSmallCapGrowth" class="tablesorter" border="1" cellspacing="1" cellpadding="2">
<thead>
<tr>
<th> Description </th>
<th> Symbol </th>
<th> 1 Yr </th>
<th> 3 Yr </th>
<th> 5 Yr </th>
<th> Avg. Volume(K) </th>
<th> 1 Yr Sharpe </th>
</tr>
</thead>
<tbody>
<tr class="even">
<td>Vanguard Small Cap Growth ETF</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=VBK&amp;type=1&amp;includeHeader=true" target="_blank">VBK</a></td>
<td>27.33%</td>
<td>10.31%</td>
<td>6.52%</td>
<td>248</td>
<td>121.29%</td>
</tr>
<tr class="odd">
<td>iShares Russell 2000 Growth In</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IWO&amp;type=1&amp;includeHeader=true" target="_blank">IWO</a></td>
<td>26.68%</td>
<td>9.57%</td>
<td>4.89%</td>
<td>1,679</td>
<td>119.24%</td>
</tr>
<tr class="even">
<td>iShares S&amp;P SmallCap 600 Growth</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IJT&amp;type=1&amp;includeHeader=true" target="_blank">IJT</a></td>
<td>24.47%</td>
<td>8.6%</td>
<td>5.17%</td>
<td>187</td>
<td>121.82%</td>
</tr>
</tbody>
</table>

Among US Small Cap Growth ETFs, the Vanguard Small Cap Growth ETF (VBK) has shown the most strength, returning 27.33% in the past year. Others, including the iShares Russell 2000 Growth Index ETF (IWO) and the iShares S&amp;P SmallCap 600 Growth ETF (UT) have also provided investors with returns higher than 24%.
In recent periods, equities have experienced high levels of growth, leading many to speculate that a retraction is inevitable. If equity markets begin to lose value, US Small Cap Growth ETFs will certainly be impacted, as the performance of these ETFs correlate with general market conditions. Still, investors should expect strong returns from ETFs in this sector for the foreseeable future.

Symbols: <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VBK&amp;count=0032'>VBK</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWO&amp;count=0027'>IWO</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IJT&amp;count=0024'>IJT</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWO&amp;count=0027'>IWO</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWM&amp;count=00110'>IWM</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWR&amp;count=0032'>IWR</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWS&amp;count=0025'>IWS</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWF&amp;count=0013'>IWF</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWN&amp;count=0027'>IWN</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWB&amp;count=0011'>IWB</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWD&amp;count=0015'>IWD</a>
 
Tickers: (NYSE: VBK) (NYSE: IWO) (NYSE: IJT) (NYSE: IWO) (NYSE: IWP) (NYSE: IWM) (NYSE: IWR) (NYSE: IWS) (NYSE: IWF) (NYSE: IWN) (NYSE: IWB) (NYSE: IWD)
 
Disclosure: MyPlanIQ does not have any business relationship with the company or companies mentioned in this article. It does not set up their retirement plans. The performance data of portfolios mentioned above are obtained through historical simulation and are hypothetical.
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iShares S&P SmallCap 600 Growth Index Fund

US Small Cap Growth ETFs Continue Strong Gains

Large Cap Blend ETFs provide access to both growth and value stocks, looking for high returns while hedging that risk with more stable securities. Large Cap ETFs invest across the entire spectrum of the US market. Stocks in the top 70% of the capitalization of the US equity market are defined as large cap.
Despite strong returns, US Large Cap Blend ETFs, including the Russell Large Cap Index (IWB), have underperformed mid cap and small cap ETFs. With a one-year trend score of 8.52%, the Russell Large Cap Index falls towards the bottom of the US Style Return Table as seen below.
<h2>US Equity Style Return</h2>
<h3>4/29/2011</h3>
 
<table border="2">
</table>
<table border="0" cellspacing="12">
<tbody>
<tr>
<th align="left">Assets Class</th>
<th>Symbols</th>
<th>04/27 Trend Score</th>
<th>04/20 Trend Score</th>
<th>Direction</th>
</tr>
<tr>
<td>Russell Smallcap Growth</td>
<td>IWO</td>
<td>14.01%</td>
<td>13.06%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Midcap Growth</td>
<td>IWP</td>
<td>12.57%</td>
<td>11.91%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Smallcap Index</td>
<td>IWM</td>
<td>11.05%</td>
<td>9.92%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Midcap Indedx</td>
<td>IWR</td>
<td>10.9%</td>
<td>10.15%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Midcap Value</td>
<td>IWS</td>
<td>9.84%</td>
<td>9.03%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Largecap Growth</td>
<td>IWF</td>
<td>9.25%</td>
<td>8.24%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Smallcap Value</td>
<td>IWN</td>
<td>8.56%</td>
<td>7.26%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Largecap Index</td>
<td>IWB</td>
<td>8.52%</td>
<td>7.38%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Largecap Value</td>
<td>IWD</td>
<td>8.15%</td>
<td>6.96%</td>
<td>^</td>
</tr>
</tbody>
</table>
The trend score is defined as the average of 1,4,13,26 and 52 week total returns (including dividend reinvested).
<a rel="lightbox" href="http://www.myplaniq.com/LTISystem/article_toptablechart.action?tableName=USStyleReturnTableWed"> <img src="http://www.myplaniq.com/LTISystem/article_toptablechart.action?tableName=USStyleReturnTableWed" width='600' height='400' /> </a>
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<h2>US Large Cap Blend</h2>
<h3>4/29/2011</h3>
<table id="USLargeCapBlend" class="tablesorter" border="1" cellspacing="1" cellpadding="2">
<thead>
<tr>
<th > Description </th>
<th > Symbol </th>
<th > 1 Yr </th>
<th > 3 Yr </th>
<th > 5 Yr </th>
<th > Avg. Volume(K) </th>
<th > 1 Yr Sharpe </th>
</tr>
</thead>
<tbody>
<tr class="even">
<td>SPDR S&amp;P 500</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=SPY&amp;type=1&amp;includeHeader=true" target="_blank">SPY</a></td>
<td>15.13%</td>
<td>1.42%</td>
<td>2.64%</td>
<td>169,849</td>
<td>83.79%</td>
</tr>
<tr class="odd">
<td>iShares S&amp;P 500 Index</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IVV&amp;type=1&amp;includeHeader=true" target="_blank">IVV</a></td>
<td>14.66%</td>
<td>2.18%</td>
<td>2.45%</td>
<td>2,992</td>
<td>79.99%</td>
</tr>
<tr class="even">
<td>Vanguard Total Stock Market</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=VTI&amp;type=1&amp;includeHeader=true" target="_blank">VTI</a></td>
<td>17.54%</td>
<td>3.35%</td>
<td>3.48%</td>
<td>1,833</td>
<td>92.09%</td>
</tr>
<tr class="odd">
<td>iShares Russell 1000</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IWB&amp;type=1&amp;includeHeader=true" target="_blank">IWB</a></td>
<td>15.83%</td>
<td>2.66%</td>
<td>2.84%</td>
<td>886</td>
<td>86.04%</td>
</tr>
<tr class="even">
<td>Rydex S&amp;P Equal Weight</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=RSP&amp;type=1&amp;includeHeader=true" target="_blank">RSP</a></td>
<td>18.18%</td>
<td>5.79%</td>
<td>4.44%</td>
<td>1,115</td>
<td>94.46%</td>
</tr>
<tr class="odd">
<td>iShares S&amp;P 100</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=OEF&amp;type=1&amp;includeHeader=true" target="_blank">OEF</a></td>
<td>12.47%</td>
<td>0.94%</td>
<td>2.15%</td>
<td>883</td>
<td>67.2%</td>
</tr>
<tr class="even">
<td>Vanguard Large Cap</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=VV&amp;type=1&amp;includeHeader=true" target="_blank">VV</a></td>
<td>15.8%</td>
<td>2.78%</td>
<td>3.54%</td>
<td>223</td>
<td>85.55%</td>
</tr>
<tr class="odd">
<td>Schwab U.S. Large Cap</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=SCHX&amp;type=1&amp;includeHeader=true" target="_blank">SCHX</a></td>
<td>15.95%</td>
<td>NA</td>
<td>NA</td>
<td>297</td>
<td>87.97%</td>
</tr>
<tr class="even">
<td>Vanguard S&amp;P 500</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=VOO&amp;type=1&amp;includeHeader=true" target="_blank">VOO</a></td>
<td>NA</td>
<td>NA</td>
<td>NA</td>
<td>311</td>
<td>NA</td>
</tr>
</tbody>
</table>
 
Among US Large Cap Blend ETFs the Ryder S&amp;P Equal Weight ETF (RSP) and the Vanguard Total Stock Market ETF (VTI) have performed the strongest, offering one-year returns of 18.18% and 17.54% respectively. The ETF in the sector with the highest level of average volume, the SPDR S&amp;P 500 Index, returned 15.13% in the past year, near the middle of the pack.
While US Large Cap Blend ETFs have provided investors with strong returns in recent periods, many in the market believe that the sector is due for a retraction based on overheated valuations. For the time being, investors will likely find better returns elsewhere.
Symbols: <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=SPY&amp;count=00149'>SPY</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IVV&amp;count=0054'>IVV</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VTI&amp;count=00113'>VTI</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWB&amp;count=008'>IWB</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=RSP&amp;count=0050'>RSP</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=OEF&amp;count=004'>OEF</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VV&amp;count=0046'>VV</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=SCHX&amp;count=0046'>SCHX</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VOO&amp;count=001'>VOO</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWO&amp;count=0024'>IWO</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWP&amp;count=0020'>IWP</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWM&amp;count=00108'>IWM</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWR&amp;count=0030'>IWR</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWS&amp;count=0023'>IWS</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWF&amp;count=0011'>IWF</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWN&amp;count=0025'>IWN</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWB&amp;count=008'>IWB</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWD&amp;count=0013'>IWD</a>
 Tickers: (NYSE: SPY) (NYSE: IVV) (NYSE: VTI) (NYSE: IWB)(NYSE: RSP)(NYSE: OEF)(NYSE: VV)(NYSE: SCHX)(NYSE: VOO) (NYSE: IWO) (NYSE: IWP) (NYSE: IWM) (NYSE: IWR) (NYSE: IWS) (NYSE: IWF) (NYSE: IWN) (NYSE: IWB) (NYSE: IWD)
 
Disclosure: MyPlanIQ does not have any business relationship with the company or companies mentioned in this article. It does not set up their retirement plans. The performance data of portfolios mentioned above are obtained through historical simulation and are hypothetical.
 
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Rydex ETF Trust Rydex S&P Equal Weight ETF

SCHX

US Large Cap Blend ETFs Return Can Be Beaten As Equity Markets Continue Ascent

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DODGX

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

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iShare Morningstar Large Growth Index Fund

iShares Morningstar Large Value Index Fund

iShares Morningstar Small Growth Index Fund

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PowerShares Exchange Traded Fund Dynamic Small Cap Portfolio

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PowerShares Exchange Traded Fund Trust Dynamic Large Cap Value Portfolio

QQQQ

Rydex ETF Trust S&P Midcap 400 Pure Growth ETF

Rydex ETF Trust S&P Midcap 400 Pure Value ETF

Rydex ETF Trust S&P Smallcap 600 Pure Growth ETF

SCHA

SCHV

National Semiconductor Provides Good Funds in Their Retirement Plan

streetTRACKS Dow Jones U.S. Small Cap Value Index Fund

iShares Trusthen & Steers Realty Majors Index Fund

iShares S&P SmallCap 600 Value Index Fund

iShares Trust Dow Jones US Real Estate Fund Index

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LSVEX

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Accenture 401K Retirement Plan: High Quality and Low Cost Funds with Proper Diversification

Vanguard launched nine new ETFs on September 9, 2010 targeting the style-box matrix based on S&amp;P indexes with growth, value, and blend versions of the large cap S&amp;P 500, the S&amp;P Mid-Cap 400, and the S&amp;P Small-Cap 600.  All will compete with existing SPDRs and iShares products based on the same indexes.
Some analysts may brush these off as “me too” products, but Vanguard knows how to play “me too” better than anyone.  Most Vanguard products on the market fit this description, yet the company has quietly entrenched itself as the third largest ETF provider with more than $110 billion in assets.
Vanguard introduced its first two ETFs in 2001, then sat quietly until January 2004 when it introduced 14 new funds.  Only a licensing disagreement kept the 2004 batch from tracking S&amp;P indexes.  So Vanguard brought them out based on MSCI indexes.
Now, 34 years after the introduction of the <a href="https://personal.vanguard.com/us/funds/snapshot?FundId=0040&amp;FundIntExt=INT" target="_blank">Vanguard 500 Index Fund</a> (<a class="ticker" href="/stock/vfinx#">VFINX</a>), the ETF version has arrived.  According to a <a href="https://personal.vanguard.com/us/insights/article/fund-announcement-09092010" target="_blank">Vanguard article</a>, the new Vanguard S&amp;P 500 ETF (VOO) features an expense ratio of 0.06%, the lowest expense ratio in the industry for an ETF based on the S&amp;P 500 Index or any other large-capitalization domestic benchmark.  All nine of the new ETFs are eligible for commission-free trading by Vanguard brokerage clients.  The new ETFs:
<ul>
<li>Vanguard S&amp;P 500 ETF (VOO) (<a href="https://personal.vanguard.com/us/funds/snapshot?FundId=0968&amp;FundIntExt=INT" target="_blank">VOO summary</a>) has an expense ratio of 0.06% and will directly compete with SPDR S&amp;P 500 (<a class="ticker" href="/stock/spy#">SPY</a>) and iShares S&amp;P 500 (<a class="ticker" href="/stock/ivv#">IVV</a>), which both have a 0.09% expense ratio.</li>
<li>Vanguard S&amp;P 500 Growth ETF (VOOG) (<a href="https://personal.vanguard.com/us/funds/snapshot?FundId=3341&amp;FundIntExt=INT" target="_blank">VOOG summary</a>) has an expense ratio of 0.15% and will directly compete with iShares S&amp;P 500 Growth (<a class="ticker" href="/stock/ivw#">IVW</a>) which has a 0.18% expense ratio.</li>
<li>Vanguard S&amp;P 500 Value ETF (VOOV) (<a href="https://personal.vanguard.com/us/funds/snapshot?FundId=3340&amp;FundIntExt=INT" target="_blank">VOOV summary</a>) has an expense ratio of 0.15% and will directly compete with iShares S&amp;P 500 Value (<a class="ticker" href="/stock/ivw#">IVW</a>) which has a 0.18% expense ratio.</li>
<li>Vanguard S&amp;P Mid-Cap 400 ETF (IVOO) (<a href="https://personal.vanguard.com/us/funds/snapshot?FundId=3342&amp;FundIntExt=INT" target="_blank">IVOO summary</a>) has an expense ratio of 0.15% and will directly compete with SPDR S&amp;P MidCap 400 (<a class="ticker" href="/stock/mdy#">MDY</a>) which has a 0.25% expense ratio and iShares S&amp;P MidCap 400 (<a class="ticker" href="/stock/ivw#">IVW</a>) which has a 0.20% expense ratio.</li>
<li>Vanguard S&amp;P Mid-Cap 400 Growth ETF (IVOG) (<a href="https://personal.vanguard.com/us/funds/snapshot?FundId=3343&amp;FundIntExt=INT" target="_blank">IVOG summary</a>) has an expense ratio of 0.20% and will directly compete with iShares S&amp;P MidCap 400 Growth (<a class="ticker" href="/stock/ijk#">IJK</a>) which has a 0.25% expense ratio.</li>
<li>Vanguard S&amp;P Mid-Cap 400 Value ETF (IVOV) (<a href="https://personal.vanguard.com/us/funds/snapshot?FundId=3344&amp;FundIntExt=INT" target="_blank">IVOV summary</a>) has an expense ratio of 0.20% and will directly compete with iShares S&amp;P MidCap 400 Value (<a class="ticker" href="/stock/iws#">IWS</a>) which has a 0.25% expense ratio.</li>
<li>Vanguard S&amp;P Small-Cap 600 ETF (VIOO) (<a href="https://personal.vanguard.com/us/funds/snapshot?FundId=3345&amp;FundIntExt=INT" target="_blank">VIOO summary</a>) has an expense ratio of 0.15% and will directly compete with iShares S&amp;P SmallCap 600 (<a class="ticker" href="/stock/ijr#">IJR</a>) which has a 0.20% expense ratio.</li>
<li>Vanguard S&amp;P Small-Cap 600 Growth ETF (VIOG) (<a href="https://personal.vanguard.com/us/funds/snapshot?FundId=3347&amp;FundIntExt=INT" target="_blank">VIOG summary</a>) has an expense ratio of 0.20% and will directly compete with iShares S&amp;P SmallCap 600 Growth (<a class="ticker" href="/stock/ijt#">IJT</a>) which has a 0.25% expense ratio.</li>
<li>Vanguard S&amp;P Small-Cap 600 Value ETF (VIOV) (<a href="https://personal.vanguard.com/us/funds/snapshot?FundId=3346&amp;FundIntExt=INT" target="_blank">VIOV summary</a>) has an expense ratio of 0.20% and will directly compete with iShares S&amp;P SmallCap 600 Value (<a class="ticker" href="/stock/ijs#">IJS</a>) which has a 0.25% expense ratio.</li>
</ul>
Expense ratios are not the only factor when choosing between ETFs tracking identical indexes.  Other consideration include commissions, dividend payment policies, liquidity, and tracking error:
<ul>
<li>Commissions: the Vanguard ETFs are commission-free for clients of Vanguard and the iShares ETFs listed above are commission-free for clients of Fidelity.  Investors using other firms and anyone trading the SPDR ETFs will have to pay standard brokerage commissions.</li>
<li>Dividend Payment Policy: Vanguard and iShares typically follow the “industry best practice” of paying dividends within four business days of the ex-dividend date.  SPDR has one of the most egregious dividend policies of any ETF sponsor by <a href="http://investwithanedge.com/spy-taking-shareholder-money-via-dividend-float" target="_blank">delaying dividend payments from SPDR S&amp;P 500 (<a class="ticker" href="/stock/spy#">SPY</a>) up to six weeks</a>.</li>
<li>Liquidity: SPY wins the liquidity argument hands down as it typically accounts for <a href="http://investwithanedge.com/etf-stats-for-august-2010-36-7-of-dollar-volume-went-to-spy" target="_blank">more than a third of all ETF dollar volume</a> every month.  The nine competitive products from iShares are all in the top 20% of all ETFs for average dollar volume and assets under management.  The new Vanguard products have some catching up to do in this regard, but based on the success of their other products, this should not be a significant disadvantage for too long.</li>
<li>Tracking Error: The S&amp;P indexes are well understood and all three firms have extensive experience managing products based on them.  The new ETFs will likely own all stocks in the index being tracked and not rely on sampling techniques.  Therefore, any tracking error is likely to be insignificant.</li>
</ul>
When I first saw the ticker symbols for the new Vanguard ETFs, I thought they were just a hodge-podge of letters with Vs and Gs stuck on the end to distinguish Value from Growth.  Then someone pointed out that the letters on the front are derivatives of roman numerals: V for 5 and VOO for S&amp;P 500, IV for 4 and IVOO for S&amp;P 400, VI for 6 and VIOO for S&amp;P 600.  I have them memorized already.
Disclosure covering writer, editor, and publisher:  Long IJH.  No positions in any of the companies or ETF sponsors mentioned.  No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.
<img src="http://investwithanedge.com/?ak_action=api_record_view&amp;id=10904&amp;type=feed" alt="" />

VFINX

Vanguard Declares War in Fight for Broad Market ETF Supremacy

<a href="http://1.bp.blogspot.com/_DGwK-zM3i_w/Su-Qn78Y8kI/AAAAAAAAARw/TgugJd-bPeU/s1600-h/images.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/_DGwK-zM3i_w/Su-Qn78Y8kI/AAAAAAAAARw/TgugJd-bPeU/s200/images.jpg" /></a>October finally put a halt in the road for equities' historic seven-month run off of the March lows, leaving the S&amp;P 500, Dow Jones Industrials and NASDAQ 100 cash indices mixed at -1.98%, +0.00% and -3.02%, respectively.  The month also ended with the VIX back in the low thirties for the first time in a while.
With the majority of third quarter earnings entered into the record books, the pullback came on nascent dollar strength, a key rate increase in Australia, higher energy costs and mixed economic reports.  Small (IJK) and Mid-Caps (IWS), Financials (XLF) and Materials (XLB) led the retreat, while Energy (XLE) and Consumer Staples (XLP) were able to eek out positive returns.  Ten days into the decline, traders in early November will be looking to the FOMC and the monthly jobs report to put the rally back on track. 
Sentiment: Mixed Volatility: Wide Ranging (VIX 20-30) Direction: Flat
<div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/_DGwK-zM3i_w/Su-SZge1CeI/AAAAAAAAAR4/23bTBNiUbyo/s1600-h/MarketRewind1009.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/_DGwK-zM3i_w/Su-SZge1CeI/AAAAAAAAAR4/23bTBNiUbyo/s400/MarketRewind1009.png" /></a></div>
<center>[Click to Enlarge/ <a href="http://marketrewind.blogspot.com/search/label/Weekly%20ETF%20Rewind">Weekly</a><a href="http://marketrewind.blogspot.com/search/label/Weekly%20ETF%20Rewind"> ETF Analyses</a>] </center> 
<hr align="center" width="100%" />The Style-Box was calculated using the following PowerShares™ ETFs: Small-Growth (PWT), Small-Value (PWY), Mid-Growth (PWJ), Mid-Value (PWP), Large-Growth (PWB), and Large-Value (PWV). The Sector-Ribbon was calculated using the following Select Sector SPDR™ ETFs: Materials (XLB), Industrials (XLI), Energy (XLE), Staples (XLP), Discretionary (XLY), Financials (XLF), Technology (XLK), and Healthcare (XLV). The Standard &amp; Poors 500, Dow Jones Industrial Average and NASDAQ 100 may be traded through ETF proxies, including the SPY or IVV, DIA and QQQQ, respectively. 
<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/4308716299514244953-2442025037942045326?l=marketrewind.blogspot.com' alt='' /></div>

PowerShares Exchange Traded Fund Trust Dynamic Large Cap Growth Portfolio

October 2009 Rewind - A Stop in the Road

NASHUA, NH--(Marketwire - August 10, 2009) - Ezenia! Inc. (OTCBB: EZEN), a leading market 
provider of real-time collaboration solutions for corporate and government 
networks, today reported its financial results for the second quarter ended 
June 30, 2009.

Revenue was approximately $907,000 for the second quarter of 2009 and $1.9 
million for the six months ended June 30, 2009, a decrease of 47.8% and 
46.6% from the same periods ended June 30, 2008, respectively. Loss of 
intelligence community (IC) and Department of Defense (DOD) revenue, due 
primarily to redirections in legacy collaborative solution selections, 
continues to impact our annual subscription revenue.

Operating results yielded losses of approximately $1.0 million for the 
second quarter and $1.9 million for the six months ended June 30, 2009, 
compared to losses of $920,000 and $1.5 million for the same periods in 
2008, respectively. Operating costs declined to approximately $1.5 million 
for the second quarter and $3.0 million for the first half of the year 
ended June 30, 2009, compared to $2.0 million and $3.7 million for the same 
periods ended June 30, 2008, respectively. The decline in spending, 
virtually across the board, was attributed to reductions in employee 
related compensation costs, consulting expenses, supplies, occupancy and 
depreciation.

Net losses were approximately $964,000, or ($0.07) per share, for the 
second quarter and $1.9 million, or ($0.13) per share, for the first half 
of the year ended June 30, 2009, as compared to net losses of approximately 
$883,000, or ($0.06) per share, and $1.4 million, or ($0.10) per share, for 
the same periods in 2008, respectively.

"The disappointing shortfall in revenue this quarter and for the first half 
of the year is directly attributed to the booking shortfalls from key 
accounts and procurement difficulties that we continue to face, due to the 
previously established DISA sponsored selection programs," noted Mr. Khoa 
Nguyen, Chairman and Chief Executive Officer of Ezenia!. "Even with this 
decline in revenue and lack of income, we were able to preserve cash to 
approximately $6.4 million for the six months ended June 30, 2009 from $6.7 
million for the year ended December 31, 2008, a drop of less than 5%." Mr. 
Nguyen further noted, "The preservation of cash was mostly due to the 
collection of receivable balances and continued efforts to reduce expenses. 
The Company continues to focus on containing operating expense control, 
seek new sales opportunities both in traditional markets and adjacent 
markets, and foster new relationships with strategic resellers and system 
integrators. More recently, we have set up a Board of Advisors with 
distinguished members to help the Company in this endeavor. We are striving 
to preserve cash and return to profitability as expeditiously as possible, 
while balancing prudent investments against tight expense control."

About Ezenia! Inc.

Ezenia! Inc. (OTCBB: EZEN), founded in 1991, is a leading provider of 
real-time collaboration solutions, bringing new and valuable levels of 
interaction and collaboration to corporate networks and eGovernment. By 
integrating voice, video and data collaboration, the Company's 
award-winning products enable groups to interact through a natural meeting 
experience regardless of geographic distance. Ezenia! products allow 
dispersed groups to work together in real-time using powerful capabilities 
such as instant messaging, white boarding, screen sharing and text chat. 
The ability to discuss projects, share information, and modify documents 
allows users to significantly improve team communication and accelerate the 
decision-making process. More information about Ezenia! Inc. and its 
product and service offerings can be found at the Company's Web site, 
<a href="http://www.ezenia.com">http://www.ezenia.com</a>.

Note to Investors Regarding Forward-Looking Statements

Statements included herein that are not historical facts may be considered 
forward-looking statements. You can identify these forward-looking 
statements by use of the words "expects," "anticipates," "estimates," 
"believes," "projects," "intends," "plans," "will," "may," and similar 
words. Such forward-looking statements, which include statements regarding 
the Company's business and financial outlook, expense control and cash 
preservation efforts, pursuit of sales opportunities and resulting effects, 
and long-term strategy, involve risks and uncertainties that could cause 
actual results to differ materially from those indicated by such 
forward-looking statements. These risks and uncertainties include the 
considerations that are discussed in the Company's Annual Report on Form 
10-K for the year ended December 31, 2008, such as the evolution of 
Ezenia!'s market, dependence on the United States government as its largest 
customer and on other major customers, continued funding of defense 
programs by the United States government and the timing of such funding, 
uncertainties associated with procurement processes and on-going bidding 
activities for government programs, rapid technological change and 
competition within the collaborative software market, the Company's 
reliance on third-party technology, protection of its propriety technology, 
customer acceptance of IWS and other new products including the acceptance 
of IWS in the commercial market, retention of key employees, stock price 
volatility, the Company's history of liquidity concerns and operating 
losses, and other considerations that are discussed further in such report. 
You should not place undue reliance upon any such forward-looking 
statements, which speak only as of the date made. The Company disclaims 
any obligation to update forward-looking statements after the date of such 
statements.

Note: Ezenia! is a registered trademark of Ezenia! Inc., and the Ezenia! 
Logo and InfoWorkSpace are trademarks of Ezenia! Inc. Additional 
information on Ezenia! and its products is available at 
<a href="http://www.ezenia.com">http://www.ezenia.com</a>.
 EZENIA! INC. 
 CONDENSED CONSOLIDATED BALANCE SHEETS 
 (In thousands, except for share and per share related data) 
 (Unaudited)
 June 30, December 31, 
 2009 2008 
 ------------ ------------ 
Assets 
Current assets 
 Cash and cash equivalents $ 6,434 $ 6,774 
 Accounts receivable, less allowances of $28 
 at June 30, 2009 and at December 31, 2008 341 771 
 Prepaid software licenses 910 1,125 
 Prepaid expenses and other current assets 160 186 
 ------------ ------------ 
Total current assets 7,845 8,856 
 ------------ ------------
Deposits 15 15 
Equipment and improvements, net 159 243 
 ------------ ------------ 
Total assets $ 8,019 $ 9,114 
 ============ ============
Liabilities and stockholders' equity 
Current liabilities 
 Accounts payable $ 271 $ 257 
 Accrued expenses 1,669 1,674 
 Accrued restructuring 215 287 
 Accrued employee compensation and benefits 215 150 
 Deferred revenue 1,760 1,326 
 ------------ ------------ 
Total current liabilities 4,130 3,694 
 ------------ ------------
Stockholders equity 
 Preferred stock, $.01 par value, 2,000,000 
 shares authorized, none issued and outstanding - - 
 Common stock, $.01 par value, 40,000,000 shares 
 authorized, 15,417,754 issued and 14,658,217 
 outstanding at June 30, 2009 and at 
 December 31, 2008 154 154 
 Capital in excess of par value 65,957 65,586 
 Accumulated deficit (59,277) (57,375) 
 Treasury stock at cost, 759,537 shares at 
 June 30, 2009 and December 31, 2008 (2,945) (2,945) 
 ------------ ------------ 
Total stockholders equity 3,889 5,420 
 ------------ ------------ 
Total liabilities and stockholders equity $ 8,019 $ 9,114 
 ============ ============
 EZENIA! INC. 
 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 
 (In thousands, except for share and per share related data) 
 (Unaudited)
 Three Months Ended Six Months Ended 
 June 30, June 30, 
 ---------------------- ---------------------- 
 2009 2008 2009 2008 
 ---------- ---------- ---------- ---------- 
Revenues 
 Product revenue $ 888 $ 1,739 $ 1,862 $ 3,532 
 Product development 
 revenue 19 - 34 16 
 ---------- ---------- ---------- ---------- 
 907 1,739 1,896 3,548 
 ---------- ---------- ---------- ---------- 
Cost of revenues 
 Cost of product revenue 391 676 851 1,364 
 Cost of product 
 development revenue 8 - 14 - 
 ---------- ---------- ---------- ---------- 
 399 676 865 1,364 
 ---------- ---------- ---------- ----------
Gross profit 508 1,063 1,031 2,184 
 ---------- ---------- ---------- ----------
Operating expenses 
 Research and development 462 557 960 1,065 
 Sales and marketing 284 574 534 1,093 
 General and 
 administrative 654 712 1,266 1,251 
 Depreciation 43 61 85 120 
 Occupancy and other 
 facilities-related 
 expenses 67 79 132 162 
 ---------- ---------- ---------- ---------- 
Total operating expenses 1,510 1,983 2,977 3,691 
 ---------- ---------- ---------- ----------
Loss from operations (1,002) (920) (1,946) (1,507)
Interest income 14 40 30 91 
Other expense 24 (3) 14 (21) 
 ---------- ---------- ---------- ---------- 
 38 37 44 70 
 ---------- ---------- ---------- ----------
Net loss $ (964) $ (883) $ (1,902) $ (1,437) 
 ========== ========== ========== ==========
Basic and diluted loss per 
 share: 
 Basic $ (0.07) $ (0.06) $ (0.13) $ (0.10) 
 Diluted $ (0.07) $ (0.06) $ (0.13) $ (0.10) 
Weighted average common 
 shares: 
 Basic 14,658,217 14,608,696 14,658,217 14,553,189 
 Diluted 14,658,217 14,608,696 14,658,217 14,553,189

Elements ETN-Dow Jones High Yield Select 10 Total Return Index

Ezenia! Inc. Announces 2009 Second Quarter Financial Results

NASHUA, NH--(Marketwire - August 10, 2009) - Ezenia! Inc. (OTCBB: EZEN), a leading market 
provider of real-time collaboration solutions for corporate and government 
networks, today reported its financial results for the second quarter ended 
June 30, 2009.

Revenue was approximately $907,000 for the second quarter of 2009 and $1.9 
million for the six months ended June 30, 2009, a decrease of 47.8% and 
46.6% from the same periods ended June 30, 2008, respectively. Loss of 
intelligence community (IC) and Department of Defense (<a href="/stock/dod">DOD</a>) revenue, due 
primarily to redirections in legacy collaborative solution selections, 
continues to impact our annual subscription revenue.

Operating results yielded losses of approximately $1.0 million for the 
second quarter and $1.9 million for the six months ended June 30, 2009, 
compared to losses of $920,000 and $1.5 million for the same periods in 
2008, respectively. Operating costs declined to approximately $1.5 million 
for the second quarter and $3.0 million for the first half of the year 
ended June 30, 2009, compared to $2.0 million and $3.7 million for the same 
periods ended June 30, 2008, respectively. The decline in spending, 
virtually across the board, was attributed to reductions in employee 
related compensation costs, consulting expenses, supplies, occupancy and 
depreciation.

Net losses were approximately $964,000, or ($0.07) per share, for the 
second quarter and $1.9 million, or ($0.13) per share, for the first half 
of the year ended June 30, 2009, as compared to net losses of approximately 
$883,000, or ($0.06) per share, and $1.4 million, or ($0.10) per share, for 
the same periods in 2008, respectively.

"The disappointing shortfall in revenue this quarter and for the first half 
of the year is directly attributed to the booking shortfalls from key 
accounts and procurement difficulties that we continue to face, due to the 
previously established DISA sponsored selection programs," noted Mr. <a href="/stock/k">K</a>hoa 
Nguyen, Chairman and Chief Executive Officer of Ezenia!. "Even with this 
decline in revenue and lack of income, we were able to preserve cash to 
approximately $6.4 million for the six months ended June 30, 2009 from $6.7 
million for the year ended December 31, 2008, a drop of less than 5%." Mr. 
Nguyen further noted, "The preservation of cash was mostly due to the 
collection of receivable balances and continued efforts to reduce expenses. 
The Company continues to focus on containing operating expense control, 
seek new sales opportunities both in traditional markets and adjacent 
markets, and foster new relationships with strategic resellers and system 
integrators. More recently, we have set up a Board of Advisors with 
distinguished members to help the Company in this endeavor. We are striving 
to preserve cash and return to profitability as expeditiously as possible, 
while balancing prudent investments against tight expense control."

About Ezenia! Inc.

Ezenia! Inc. (OTCBB: EZEN), founded in 1991, is a leading provider of 
real-time collaboration solutions, bringing new and valuable levels of 
interaction and collaboration to corporate networks and eGovernment. By 
integrating voice, video and data collaboration, the Company's 
award-winning products enable groups to interact through a natural meeting 
experience regardless of geographic distance. Ezenia! products allow 
dispersed groups to work together in real-time using powerful capabilities 
such as instant messaging, white boarding, screen sharing and text chat. 
The ability to discuss projects, share information, and modify documents 
allows users to significantly improve team communication and accelerate the 
decision-making process. More information about Ezenia! Inc. and its 
product and service offerings can be found at the Company's Web site, 
<a href="http://www.ezenia.com">http://www.ezenia.com</a>.

Note to Investors Regarding Forward-Looking Statements

Statements included herein that are not historical facts may be considered 
forward-looking statements. You can identify these forward-looking 
statements by use of the words "expects," "anticipates," "estimates," 
"believes," "projects," "intends," "plans," "will," "may," and similar 
words. Such forward-looking statements, which include statements regarding 
the Company's business and financial outlook, expense control and cash 
preservation efforts, pursuit of sales opportunities and resulting effects, 
and long-term strategy, involve risks and uncertainties that could cause 
actual results to differ materially from those indicated by such 
forward-looking statements. These risks and uncertainties include the 
considerations that are discussed in the Company's Annual Report on Form 
10-<a href="/stock/k">K</a> for the year ended December 31, 2008, such as the evolution of 
Ezenia!'s market, dependence on the United States government as its largest 
customer and on other major customers, continued funding of defense 
programs by the United States government and the timing of such funding, 
uncertainties associated with procurement processes and on-going bidding 
activities for government programs, rapid technological change and 
competition within the collaborative software market, the Company's 
reliance on third-party technology, protection of its propriety technology, 
customer acceptance of <a href="/stock/iws">IWS</a> and other new products including the acceptance 
of <a href="/stock/iws">IWS</a> in the commercial market, retention of key employees, stock price 
volatility, the Company's history of liquidity concerns and operating 
losses, and other considerations that are discussed further in such report. 
You should not place undue reliance upon any such forward-looking 
statements, which speak only as of the date made. The Company disclaims 
any obligation to update forward-looking statements after the date of such 
statements.

Note: Ezenia! is a registered trademark of Ezenia! Inc., and the Ezenia! 
Logo and InfoWorkSpace are trademarks of Ezenia! Inc. Additional 
information on Ezenia! and its products is available at 
<a href="http://www.ezenia.com">http://www.ezenia.com</a>.
 EZENIA! INC. 
 CONDENSED CONSOLIDATED BALANCE SHEETS 
 (In thousands, except for share and per share related data) 
 (Unaudited)
 June 30, December 31, 
 2009 2008 
 ------------ ------------ 
Assets 
Current assets 
 Cash and cash equivalents $ 6,434 $ 6,774 
 Accounts receivable, less allowances of $28 
 at June 30, 2009 and at December 31, 2008 341 771 
 Prepaid software licenses 910 1,125 
 Prepaid expenses and other current assets 160 186 
 ------------ ------------ 
Total current assets 7,845 8,856 
 ------------ ------------
Deposits 15 15 
Equipment and improvements, net 159 243 
 ------------ ------------ 
Total assets $ 8,019 $ 9,114 
 ============ ============
Liabilities and stockholders' equity 
Current liabilities 
 Accounts payable $ 271 $ 257 
 Accrued expenses 1,669 1,674 
 Accrued restructuring 215 287 
 Accrued employee compensation and benefits 215 150 
 Deferred revenue 1,760 1,326 
 ------------ ------------ 
Total current liabilities 4,130 3,694 
 ------------ ------------
Stockholders equity 
 Preferred stock, $.01 par value, 2,000,000 
 shares authorized, none issued and outstanding - - 
 Common stock, $.01 par value, 40,000,000 shares 
 authorized, 15,417,754 issued and 14,658,217 
 outstanding at June 30, 2009 and at 
 December 31, 2008 154 154 
 Capital in excess of par value 65,957 65,586 
 Accumulated deficit (59,277) (57,375) 
 Treasury stock at cost, 759,537 shares at 
 June 30, 2009 and December 31, 2008 (2,945) (2,945) 
 ------------ ------------ 
Total stockholders equity 3,889 5,420 
 ------------ ------------ 
Total liabilities and stockholders equity $ 8,019 $ 9,114 
 ============ ============
 EZENIA! INC. 
 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 
 (In thousands, except for share and per share related data) 
 (Unaudited)
 Three Months Ended Six Months Ended 
 June 30, June 30, 
 ---------------------- ---------------------- 
 2009 2008 2009 2008 
 ---------- ---------- ---------- ---------- 
Revenues 
 Product revenue $ 888 $ 1,739 $ 1,862 $ 3,532 
 Product development 
 revenue 19 - 34 16 
 ---------- ---------- ---------- ---------- 
 907 1,739 1,896 3,548 
 ---------- ---------- ---------- ---------- 
Cost of revenues 
 Cost of product revenue 391 676 851 1,364 
 Cost of product 
 development revenue 8 - 14 - 
 ---------- ---------- ---------- ---------- 
 399 676 865 1,364 
 ---------- ---------- ---------- ----------
Gross profit 508 1,063 1,031 2,184 
 ---------- ---------- ---------- ----------
Operating expenses 
 Research and development 462 557 960 1,065 
 Sales and marketing 284 574 534 1,093 
 General and 
 administrative 654 712 1,266 1,251 
 Depreciation 43 61 85 120 
 Occupancy and other 
 facilities-related 
 expenses 67 79 132 162 
 ---------- ---------- ---------- ---------- 
Total operating expenses 1,510 1,983 2,977 3,691 
 ---------- ---------- ---------- ----------
Loss from operations (1,002) (920) (1,946) (1,507)
Interest income 14 40 30 91 
Other expense 24 (3) 14 (21) 
 ---------- ---------- ---------- ---------- 
 38 37 44 70 
 ---------- ---------- ---------- ----------
Net loss $ (964) $ (883) $ (1,902) $ (1,437) 
 ========== ========== ========== ==========
Basic and diluted loss per 
 share: 
 Basic $ (0.07) $ (0.06) $ (0.13) $ (0.10) 
 Diluted $ (0.07) $ (0.06) $ (0.13) $ (0.10) 
Weighted average common 
 shares: 
 Basic 14,658,217 14,608,696 14,658,217 14,553,189 
 Diluted 14,658,217 14,608,696 14,658,217 14,553,189

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