ACWV vs. INNO ETF Comparison

Comparison of iShares MSCI All Country World Minimum Volatility Index Fund (ACWV) to Harbor Disruptive Innovation ETF (INNO)

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$114.30

Average Daily Volume

117,990

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

INNO

Harbor Disruptive Innovation ETF

INNO Description

INNO invests in stocks of any size with growth potential linked to disruptive innovation. The fund aims to achieve enhanced risk-adjusted investment outcome by utilizing an active multi-manager approach in which the advisor allocates assets among subadvisors. Each subadvisor represents a strategy that targets associated disruptive companies in technology, advanced therapies, analog-to-digital transition, structural changes and secular trends, and products or services with large demand. The advisor determines and adjusts allocations based on qualitative and quantitative assessments of each strategy, as well as in combination. The fund may invest up to 25% in foreign markets, including developing countries. INNO utilizes the same investment strategy and portfolio management team as its mutual fund counterpart, Harbor Disruptive Innovation Fund.

Grade (RS Rating)

Last Trade

$17.30

Average Daily Volume

29,808

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ACWV	INNO
30 Days	0.32%	8.00%
60 Days	-0.25%	8.03%
90 Days	1.23%	10.18%
12 Months	18.77%	29.81%

5 Overlapping Holdings

Symbol	Grade	Weight in ACWV	Weight in INNO	Overlap
FI	A	0.48%	3.02%	0.48%
LLY	F	0.52%	0.52%	0.52%
MSFT	F	0.76%	1.87%	0.76%
ORCL	B	0.54%	0.82%	0.54%
PGR	A	0.84%	2.78%	0.84%

ACWV Overweight 134 Positions Relative to INNO

Symbol	Grade	Weight
TMUS	B	2.03%
MSI	B	1.88%
WMT	A	1.82%
CSCO	B	1.57%
WM	A	1.5%
MCK	B	1.42%
ROP	B	1.36%
RSG	A	1.19%
VRTX	F	1.13%
PEP	F	1.08%
MRK	F	1.06%
JNJ	D	1.05%
COR	B	1.05%
MCD	D	1.02%
BRK.A	B	0.91%
CB	C	0.88%
MMC	B	0.88%
ED	D	0.84%
UNH	C	0.83%
KR	B	0.83%
PG	A	0.82%
DUK	C	0.81%
SO	D	0.8%
NOC	D	0.77%
AZO	C	0.77%
VZ	C	0.76%
IBM	C	0.73%
WEC	A	0.68%
GDDY	A	0.64%
EA	A	0.63%
ORLY	B	0.62%
REGN	F	0.61%
GIS	D	0.61%
V	A	0.59%
K	A	0.57%
ACGL	D	0.57%
CBOE	B	0.54%
APH	A	0.54%
ABBV	D	0.49%
GILD	C	0.48%
CHD	B	0.46%
HSY	F	0.44%
MKL	A	0.43%
ELV	F	0.42%
WRB	A	0.41%
KEYS	A	0.41%
L	A	0.4%
UTHR	C	0.4%
WCN	A	0.39%
INCY	C	0.38%
CHT	D	0.37%
TJX	A	0.37%
BAH	F	0.37%
KDP	D	0.36%
FFIV	B	0.36%
CL	D	0.35%
VRSN	F	0.35%
AON	A	0.35%
AMGN	D	0.34%
KHC	F	0.33%
AJG	B	0.33%
TRV	B	0.32%
TSN	B	0.32%
JNPR	F	0.32%
NBIX	C	0.31%
HUM	C	0.31%
BRO	B	0.3%
GEN	B	0.3%
KMB	D	0.3%
AKAM	D	0.27%
SJM	D	0.27%
T	A	0.26%
ACN	C	0.26%
ERIE	D	0.26%
MDLZ	F	0.25%
BMY	B	0.25%
CF	B	0.25%
CI	F	0.24%
YUM	B	0.24%
FCNCA	A	0.23%
LMT	D	0.23%
CME	A	0.23%
HRL	D	0.23%
FWONK	B	0.22%
PTC	A	0.22%
BDX	F	0.22%
CPB	D	0.22%
CTSH	B	0.21%
ROL	B	0.21%
MFG	B	0.21%
JKHY	D	0.2%
MA	C	0.19%
BMRN	D	0.19%
DPZ	C	0.19%
CAH	B	0.18%
GD	F	0.18%
LNG	B	0.16%
ULTA	F	0.16%
CMS	C	0.16%
MPC	D	0.15%
DGX	A	0.15%
AIZ	A	0.13%
WIT	A	0.12%
CTVA	C	0.12%
MOH	F	0.12%
FICO	B	0.12%
MNST	C	0.12%
AZPN	A	0.11%
TDY	B	0.11%
AEE	A	0.11%
XEL	A	0.11%
EG	C	0.1%
WTW	B	0.1%
XOM	B	0.1%
WDAY	B	0.1%
PCG	A	0.1%
ABT	B	0.1%
TPL	A	0.1%
NEM	D	0.09%
TRGP	B	0.08%
AEP	D	0.07%
IT	C	0.07%
KNX	B	0.06%
ANET	C	0.06%
DINO	D	0.06%
FANG	D	0.06%
CHRW	C	0.06%
CAG	D	0.05%
GPC	D	0.05%
HOLX	D	0.05%
ACI	C	0.05%
KO	D	0.05%
HSIC	B	0.05%
HKD	F	0.0%

ACWV Underweight 63 Positions Relative to INNO

Symbol	Grade	Weight
NVDA	C	-4.35%
SHOP	B	-3.77%
NOW	A	-3.73%
GOOG	C	-3.4%
CDNS	B	-3.21%
MELI	D	-2.91%
AMZN	C	-2.88%
DASH	A	-2.8%
URI	B	-2.71%
LIN	D	-2.51%
DHR	F	-2.41%
LRCX	F	-2.32%
IOT	A	-2.26%
TEAM	A	-2.23%
TXN	C	-2.21%
TOST	B	-2.11%
META	D	-1.97%
GOOGL	C	-1.96%
ASND	D	-1.52%
CMG	B	-1.49%
DDOG	A	-1.46%
AMD	F	-1.36%
TSM	B	-1.32%
NET	B	-1.26%
PCOR	B	-1.21%
NFLX	A	-1.19%
CGNX	C	-1.17%
HUBS	A	-1.12%
UBER	D	-0.94%
SE	B	-0.91%
CRM	B	-0.89%
S	B	-0.85%
SAP	B	-0.85%
MEDP	D	-0.84%
PANW	C	-0.8%
ZS	C	-0.77%
MTSI	B	-0.77%
MNDY	C	-0.76%
SQ	B	-0.69%
GLBE	B	-0.67%
GEV	B	-0.66%
LSCC	D	-0.65%
ROKU	D	-0.62%
MDB	C	-0.61%
PODD	C	-0.6%
DT	C	-0.59%
AMAT	F	-0.59%
NU	C	-0.57%
DKNG	B	-0.55%
OKTA	C	-0.52%
TSLA	B	-0.51%
ICLR	D	-0.48%
SAIA	B	-0.45%
CRWD	B	-0.45%
SNOW	C	-0.44%
LEGN	F	-0.41%
MRNA	F	-0.39%
TWLO	A	-0.39%
TDG	D	-0.34%
DXCM	D	-0.31%
RCKT	F	-0.3%
PCVX	D	-0.25%
BCYC	F	-0.15%