BELT vs. FFLS ETF Comparison

Comparison of BlackRock Long-Term U.S. Equity ETF (BELT) to The Future Fund Long/Short ETF (FFLS)

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

$30.36

Average Daily Volume

990

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFLS

The Future Fund Long/Short ETF

FFLS Description

Under normal conditions, the fund, which is an actively managed exchange traded fund or "ETF", will invest at least 80% of its assets in long and short positions in U.S. exchange-listed equity securities and American Depositary Receipts (ADRs). The fund may invest in the equity securities of companies of any market capitalization although the fund will primarily invest (at least 65% of its assets) in mid and large capitalization companies (companies with market capitalizations in excess of $2 billion). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.89

Average Daily Volume

4,616

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BELT	FFLS
30 Days	1.17%	1.99%
60 Days	1.28%	6.37%
90 Days	2.70%	4.48%
12 Months		20.30%

3 Overlapping Holdings

Symbol	Grade	Weight in BELT	Weight in FFLS	Overlap
FND	D	2.56%	2.13%	2.13%
ISRG	A	4.24%	-1.58%	-1.58%
NVDA	B	2.5%	7.31%	2.5%

BELT Overweight 17 Positions Relative to FFLS

Symbol	Grade	Weight
MSFT	D	12.96%
META	D	8.52%
GOOG	C	7.72%
MA	B	6.87%
NVO	F	5.28%
CDNS	B	5.26%
SPGI	C	5.04%
TT	A	4.96%
IR	B	4.4%
INTU	B	4.18%
HWM	A	4.11%
CMG	B	3.9%
MASI	B	3.4%
TMO	F	3.21%
ENTG	D	2.84%
ADI	D	2.8%
LRCX	F	2.43%

BELT Underweight 46 Positions Relative to FFLS

Symbol	Grade	Weight
GOOGL	C	-6.34%
CRM	B	-4.74%
NFLX	A	-4.64%
LPLA	A	-4.05%
DASH	B	-3.88%
MU	D	-3.43%
FTI	A	-3.32%
ERJ	A	-3.29%
UBER	F	-3.26%
GTLB	B	-3.21%
LLY	F	-3.14%
PANW	B	-2.98%
ABNB	C	-2.88%
DDOG	A	-2.84%
EW	C	-2.79%
AMD	F	-2.41%
GLW	B	-2.41%
GTLS	A	-2.24%
DKNG	B	-2.08%
VRTX	D	-1.95%
YETI	D	-1.85%
GPRE	F	-1.8%
BABA	D	-1.68%
JD	D	-1.53%
HALO	F	-1.15%
ONON	A	-1.06%
KTOS	B	-1.04%
CELH	F	-0.96%
GLOB	B	-0.88%
AFRM	A	--0.72%
ACHC	F	--1.07%
CRL	D	--1.08%
RH	C	--1.38%
APH	A	--1.71%
MEDP	D	--1.78%
ROL	B	--1.83%
ON	D	--2.01%
VRT	B	--2.13%
HRB	D	--2.37%
NXPI	D	--2.54%
FAST	B	--2.83%
PWR	A	--2.84%
PVH	C	--2.91%
URI	C	--3.13%
FICO	B	--3.28%
COIN	C	--3.76%