BELT vs. AADR ETF Comparison

Comparison of BlackRock Long-Term U.S. Equity ETF (BELT) to WCM BNY Mellon Focused Growth ADR ETF (AADR)

BELT

BlackRock Long-Term U.S. Equity ETF

BELT Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of U.S. issuers and derivatives with similar economic characteristics. It may invest up to 20% of its assets in equity securities of foreign issuers, including ADRs and GDRs. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.04

Average Daily Volume

996

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AADR

WCM BNY Mellon Focused Growth ADR ETF

AADR Description

The investment seeks long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index, the fund's primary benchmark, and the MSCI EAFE Index, the fund's secondary benchmark. The sub-advisor seeks to achieve the fund's investment objective by selecting primarily a portfolio of U.S.-traded securities of non-U.S. organizations, most often American Depositary Receipts ("ADRs"), included in the BNY Mellon Classic ADR Index. The fund's investment focus follows the Sub-Advisor's core philosophy of investing in industry-leading non-U.S. organizations led by visionary management teams with sound business strategies.

Grade (RS Rating)

Last Trade

$67.36

Average Daily Volume

901

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BELT	AADR
30 Days	0.73%	2.53%
60 Days	0.98%	6.09%
90 Days	2.70%	9.67%
12 Months		31.09%

1 Overlapping Holdings

	Symbol	Grade	Weight in BELT	Weight in AADR	Overlap
	NVO	D	5.28%	4.85%	4.85%

BELT Overweight 19 Positions Relative to AADR

Symbol	Grade	Weight
MSFT	D	12.96%
META	C	8.52%
GOOG	B	7.72%
MA	B	6.87%
CDNS	B	5.26%
SPGI	D	5.04%
TT	A	4.96%
IR	B	4.4%
ISRG	A	4.24%
INTU	B	4.18%
HWM	A	4.11%
CMG	C	3.9%
MASI	B	3.4%
TMO	D	3.21%
ENTG	F	2.84%
ADI	D	2.8%
FND	D	2.56%
NVDA	A	2.5%
LRCX	F	2.43%

BELT Underweight 25 Positions Relative to AADR

Symbol	Grade	Weight
YPF	A	-6.36%
GGAL	A	-5.56%
BMA	B	-4.69%
ERJ	B	-4.36%
PAM	A	-3.96%
ABBV	F	-3.64%
MUFG	B	-3.6%
QFIN	A	-3.05%
SAP	A	-3.04%
VRNA	A	-2.9%
BCS	A	-2.74%
RELX	D	-2.72%
BBVA	D	-2.68%
MELI	C	-2.68%
SE	A	-2.63%
ERIC	B	-2.58%
SMFG	B	-2.54%
HMY	C	-2.49%
TSM	C	-2.36%
ING	D	-2.13%
TEVA	C	-2.13%
CHKP	C	-2.09%
NVS	D	-2.03%
FUTU	C	-1.79%
TCOM	B	-1.74%