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Todd Sohn

ETF Strategist

Jim Martin

National Accounts & Advisory Sales

(704) 995-3655

jmartin@strategasasset.com

ETF Q&A Video from Recent Travels

10/22/2025

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In this week’s ETF and Markets video ETF Expert Todd Sohn recaps popular Q&A from recent travels such as: How large a problem is concentration risk; What’s up with Gold; Where are potential opportunities?

This communication was prepared by Strategas (“we,” “us,” or “our”), a brand that offers investment advisory services through Strategas Asset Management, LLC, an SEC Registered Investment Adviser, and provides research to institutional investors through Strategas Securities, LLC, a broker-dealer and FINRA member firm and an SEC Registered Investment Adviser. Information regarding market or economic trends, or the factors influencing historical or future performance, reflects the opinions of management as of the date of this communication, and are subject to change. This communication is provided for informational purposes only and should not be construed as an offer, recommendation, nor solicitation to buy or sell any specific security, strategy, or investment product. The information contained herein has been obtained from sources we believe to be reliable, but no guarantee of accuracy can be made. This communication does not constitute, nor should it be regarded as, investment research or a research report or securities recommendation and it does not provide information reasonably sufficient upon which to base an investment decision. This is not a complete analysis of every material fact regarding any company, industry, or security. Additional analysis would be required to make an investment decision. This communication is not based on the investment objectives, strategies, goals, financial circumstances, needs or risk tolerance of any particular client and is not presented as suitable to any other particular client. Past performance does not guarantee future results. All investments carry some level of risk, including loss of principal.

Strategas Asset Management, LLC and Strategas Securities, LLC are affiliated with Robert W. Baird & Co. Incorporated ("Baird"), a broker-dealer and FINRA member firm, and an SEC Registered Investment Adviser, although the firms conduct separate and distinct businesses.

The ETFs described herein are referenced solely for illustrative purposes and should not be construed as an investment recommendation. An investment in exchange traded funds involves risk, including the possible loss of principal. For important disclosures and risks relating to each ETF referenced herein, see each respective funds’ prospectus or contact your financial professional.

Definitions:

ETFs (Exchange-Traded Funds) - Investment funds that trade on stock exchanges and hold a diversified portfolio of assets like stocks, bonds, or commodities.

Market Cap (Market Capitalization) - The total value of a company’s outstanding shares, calculated by multiplying share price by number of shares.

Precious Metals - Rare, naturally occurring metals like gold, silver, platinum, and palladium that hold high economic and investment value.

abrdn Physical Precious Metals Basket Shares ETF (GLTR) - An ETF that holds physical gold, silver, platinum, and palladium to provide direct exposure to precious metals.

iShares Russell 2000 ETF (IWM) - Tracks the performance of 2,000 small-cap U.S. companies in the Russell 2000 Index.

iShares Core S&P Small-Cap ETF (IJR) - Offers exposure to small-cap U.S. stocks by tracking the S&P SmallCap 600 Index.

iShares MSCI Japan ETF (EWJ) - Provides access to large and mid-sized Japanese companies by tracking the MSCI Japan Index.

WisdomTree Japan Hedged Equity Fund (DXJ) - Invests in Japanese equities while hedging against fluctuations in the Japanese yen.