AFLG vs. IETC ETF Comparison

Comparison of Active Factor Large Cap ETF (AFLG) to iShares Evolved U.S. Technology ETF (IETC)

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.89

Average Daily Volume

36,219

Number of Holdings ^*

248

* may have additional holdings in another (foreign) market

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$82.37

Average Daily Volume

19,430

Number of Holdings ^*

117

* may have additional holdings in another (foreign) market

Performance

Period	AFLG	IETC
30 Days	5.13%	2.98%
60 Days	5.57%	4.49%
90 Days	8.33%	9.13%
12 Months	38.27%	40.37%

45 Overlapping Holdings

Symbol	Grade	Weight in AFLG	Weight in IETC	Overlap
AAPL	B	7.06%	2.45%	2.45%
ACN	B	0.22%	4.27%	0.22%
ADBE	C	0.31%	1.15%	0.31%
AMZN	C	1.78%	7.6%	1.78%
ANET	C	0.13%	0.62%	0.13%
AVGO	D	1.27%	11.53%	1.27%
BAH	F	0.17%	0.2%	0.17%
BBY	D	0.47%	0.06%	0.06%
CBOE	B	0.38%	0.06%	0.06%
CDNS	B	0.05%	1.88%	0.05%
CDW	F	0.03%	0.57%	0.03%
CL	D	0.58%	0.04%	0.04%
CRM	B	0.59%	3.91%	0.59%
CSCO	A	0.44%	1.85%	0.44%
DASH	A	0.06%	0.21%	0.06%
DELL	C	0.14%	0.06%	0.06%
DXC	B	0.08%	0.05%	0.05%
EA	C	0.32%	0.13%	0.13%
GDDY	B	0.55%	0.02%	0.02%
GOOGL	C	2.04%	2.26%	2.04%
IBM	C	0.44%	2.06%	0.44%
ICE	D	0.4%	1.64%	0.4%
IPG	C	0.07%	0.1%	0.07%
IT	C	0.12%	0.61%	0.12%
KEYS	B	0.22%	0.2%	0.2%
KLAC	F	0.1%	0.34%	0.1%
LMT	D	0.34%	0.41%	0.34%
MA	B	0.21%	0.94%	0.21%
MANH	C	0.25%	1.25%	0.25%
MCO	A	0.05%	0.35%	0.05%
META	D	1.8%	1.77%	1.77%
MSFT	D	4.6%	7.52%	4.6%
MSI	C	0.39%	2.42%	0.39%
NTAP	C	0.63%	0.84%	0.63%
NVDA	C	5.45%	8.86%	5.45%
PH	A	0.23%	1.01%	0.23%
PINS	F	0.04%	0.14%	0.04%
QCOM	F	0.88%	1.29%	0.88%
QRVO	F	0.05%	0.07%	0.05%
SNPS	B	0.06%	0.2%	0.06%
SSNC	A	0.09%	0.73%	0.09%
SWKS	F	0.2%	0.14%	0.14%
VRSN	F	0.21%	2.01%	0.21%
VRT	B	0.16%	0.11%	0.11%
ZM	B	0.23%	0.59%	0.23%

AFLG Overweight 203 Positions Relative to IETC

Symbol	Grade	Weight
BRK.A	B	1.57%
APP	B	1.29%
VST	B	1.26%
HIG	B	1.11%
MO	A	0.99%
NFLX	B	0.91%
COST	B	0.9%
UHS	D	0.89%
PG	A	0.84%
ABBV	D	0.82%
NRG	C	0.81%
FICO	B	0.8%
RL	B	0.79%
AFL	B	0.75%
XOM	C	0.74%
BK	A	0.73%
PGR	A	0.73%
CTAS	B	0.7%
JNJ	D	0.7%
EME	B	0.68%
BSX	C	0.68%
ELV	F	0.67%
RS	B	0.66%
SNA	A	0.63%
CEG	D	0.62%
MRK	F	0.62%
WMT	B	0.61%
FFIV	A	0.6%
BMY	B	0.58%
APH	B	0.58%
SPG	C	0.58%
PEG	A	0.57%
COR	C	0.57%
GILD	B	0.57%
CAT	B	0.56%
MMM	D	0.55%
ETN	A	0.55%
CMCSA	C	0.55%
FOXA	C	0.55%
MCK	C	0.53%
PHM	C	0.52%
FE	D	0.52%
ECL	D	0.52%
CMI	A	0.51%
MAS	C	0.5%
VZ	B	0.49%
HPQ	B	0.49%
TT	B	0.49%
STLD	B	0.47%
MAA	B	0.47%
NVR	D	0.47%
TPR	A	0.47%
KR	A	0.47%
HWM	B	0.46%
CVX	B	0.45%
CTSH	B	0.45%
VICI	C	0.44%
GLPI	B	0.42%
CF	B	0.42%
CNA	B	0.42%
LLY	F	0.42%
WSM	B	0.41%
GRMN	A	0.41%
AXP	A	0.41%
PCAR	B	0.39%
CSL	B	0.39%
HSIC	B	0.39%
IBKR	B	0.39%
WAB	B	0.38%
TJX	A	0.38%
AOS	D	0.38%
NUE	D	0.37%
HST	C	0.37%
HLT	A	0.36%
TRGP	B	0.36%
PKG	B	0.36%
FIS	D	0.36%
RHI	C	0.36%
OC	B	0.36%
TMUS	A	0.35%
PM	B	0.35%
AMAT	F	0.34%
IP	B	0.34%
BLDR	C	0.33%
KO	D	0.33%
WELL	C	0.32%
CMG	B	0.32%
DHI	D	0.32%
LEN	C	0.32%
VLO	C	0.31%
LOW	C	0.31%
V	A	0.3%
BRO	B	0.3%
EVRG	A	0.29%
RF	B	0.29%
WU	D	0.29%
SYF	A	0.29%
DVN	F	0.29%
AIG	B	0.28%
VSCO	B	0.28%
DECK	A	0.28%
BKNG	B	0.28%
CFG	B	0.27%
UNH	B	0.27%
OGN	F	0.27%
SOLV	C	0.25%
MTCH	F	0.25%
ED	D	0.25%
LII	A	0.25%
ERIE	D	0.24%
FDX	B	0.24%
EIX	A	0.23%
CME	A	0.23%
INCY	C	0.22%
VTR	D	0.21%
ALNY	D	0.21%
WPC	D	0.21%
EXPE	B	0.21%
NWSA	B	0.2%
GWW	A	0.2%
TROW	A	0.2%
PPG	D	0.19%
SHW	A	0.19%
CNC	F	0.19%
CVS	D	0.18%
JBL	C	0.18%
L	B	0.18%
T	A	0.18%
HUM	C	0.17%
BEN	C	0.17%
AZO	C	0.17%
ACGL	D	0.17%
TOL	A	0.16%
AMP	B	0.16%
GL	C	0.16%
AIZ	B	0.16%
LKQ	D	0.16%
CI	D	0.15%
EG	C	0.15%
CPT	B	0.15%
GE	D	0.15%
SYK	C	0.15%
ULTA	F	0.14%
MPC	F	0.13%
BBWI	C	0.13%
LDOS	D	0.13%
SO	D	0.13%
FI	A	0.12%
CAH	B	0.11%
SCCO	F	0.11%
RPM	A	0.11%
RMD	C	0.1%
GEN	A	0.1%
EQR	B	0.1%
VTRS	B	0.1%
EBAY	C	0.1%
KHC	D	0.1%
ETSY	D	0.09%
PSX	C	0.09%
PRU	A	0.09%
CRBG	B	0.09%
BLK	C	0.09%
LH	B	0.09%
ALL	B	0.08%
TPL	B	0.08%
J	F	0.08%
MOH	F	0.08%
SPGI	C	0.08%
BG	F	0.07%
LYB	F	0.07%
CVNA	B	0.07%
TXT	D	0.07%
ROL	B	0.06%
DINO	F	0.06%
WSO	A	0.06%
ADM	F	0.06%
ZION	B	0.06%
ORLY	B	0.06%
UDR	B	0.05%
PPL	B	0.05%
NXPI	D	0.05%
DPZ	C	0.05%
ESS	B	0.05%
AVB	B	0.05%
WTW	B	0.05%
EPAM	C	0.05%
STT	A	0.05%
PSA	C	0.05%
KMB	C	0.05%
AMCR	D	0.04%
PFG	C	0.04%
HOLX	D	0.04%
ROST	C	0.04%
IVZ	B	0.04%
MET	A	0.04%
DKS	C	0.04%
UTHR	C	0.04%
MOS	F	0.03%
WBA	D	0.03%
BWA	C	0.03%
ALLE	D	0.01%
EQH	B	0.0%
TDG	D	0.0%

AFLG Underweight 72 Positions Relative to IETC

Symbol	Grade	Weight
ORCL	C	-3.64%
NOW	B	-2.14%
GOOG	C	-1.39%
FTNT	C	-1.26%
GPN	C	-1.14%
TEAM	B	-0.86%
PANW	C	-0.83%
EQIX	A	-0.77%
ADSK	B	-0.74%
AMD	F	-0.7%
WDAY	C	-0.69%
ABNB	C	-0.66%
TTD	B	-0.64%
VRSK	A	-0.64%
PLTR	B	-0.61%
TYL	A	-0.61%
MPWR	F	-0.52%
ANSS	B	-0.41%
MU	D	-0.41%
CSGP	C	-0.39%
CRWD	B	-0.35%
MSTR	C	-0.34%
G	B	-0.33%
COIN	B	-0.3%
FDS	B	-0.3%
TXN	D	-0.29%
UBER	D	-0.23%
SQ	B	-0.22%
TTEK	F	-0.21%
MMC	A	-0.19%
QLYS	C	-0.18%
DDOG	A	-0.18%
BSY	D	-0.17%
TRU	D	-0.17%
LRCX	F	-0.16%
AKAM	F	-0.15%
HUBS	B	-0.15%
CACI	D	-0.15%
IQV	F	-0.13%
MSCI	C	-0.12%
IRM	C	-0.1%
CFLT	B	-0.1%
SLB	C	-0.1%
TER	F	-0.1%
VEEV	B	-0.1%
NDAQ	A	-0.09%
NSIT	F	-0.09%
INTU	C	-0.07%
LPLA	B	-0.07%
ADP	B	-0.07%
SNAP	C	-0.07%
ROK	B	-0.07%
CPNG	D	-0.06%
TDY	B	-0.06%
CPAY	A	-0.06%
JNPR	F	-0.06%
SLAB	D	-0.06%
FBIN	D	-0.06%
BILL	A	-0.05%
DOCN	D	-0.05%
ILMN	C	-0.05%
SAIC	F	-0.05%
GLW	B	-0.04%
APPN	C	-0.04%
MMS	F	-0.04%
ZI	C	-0.02%
ENPH	F	-0.02%
XYL	D	-0.02%
RIVN	D	-0.01%
ALGN	D	-0.0%
GRAL	C	-0.0%
FTV	B	-0.0%

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Semiconductors Information Technology Services Software - Infrastructure Internet Content & Information Capital Markets Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Diversified Industrials Financial Data & Stock Exchanges Scientific & Technical Instruments Computer Systems Internet Content & Information Specialty Retail Advertising Agencies Aerospace & Defense Auto Manufacturers Conglomerates