IYC's eclectic mix of cyclical and defensive-minded firms allows it to secure middle ground between staples- and discretionary-dedicated names in terms of performance.

An often overlooked product, IYC has struggled in the past to gather steam. At this time, the fund boasts $280 million in assets and has an average trading volume of nearly 56,000.

At this size, liquidity issues could potentially present an issue for those looking to quickly move in and out of a position. In reviewing IYC's underlying holdings and performance, however, it becomes clear that this fund is best suited not as a short-term trade, but rather as a small niche holding in a well-balanced portfolio. In the event that size continues to reign supreme in the consumer realm, investors holding IYC stand a strong chance of benefiting.

Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management owned the iShares Dow Jones U.S. Consumer Goods Index Fund.

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