BELT vs. INNO ETF Comparison

Comparison of BlackRock Long-Term U.S. Equity ETF (BELT) to Harbor Disruptive Innovation ETF (INNO)

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

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

$17.07

Average Daily Volume

29,771

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BELT	INNO
30 Days	1.17%	6.16%
60 Days	1.28%	7.36%
90 Days	2.70%	9.18%
12 Months		28.63%

7 Overlapping Holdings

Symbol	Grade	Weight in BELT	Weight in INNO	Overlap
CDNS	B	5.26%	3.13%	3.13%
CMG	B	3.9%	1.51%	1.51%
GOOG	C	7.72%	3.38%	3.38%
LRCX	F	2.43%	2.42%	2.42%
META	D	8.52%	2.01%	2.01%
MSFT	D	12.96%	1.92%	1.92%
NVDA	B	2.5%	4.35%	2.5%

BELT Overweight 13 Positions Relative to INNO

Symbol	Grade	Weight
MA	B	6.87%
NVO	F	5.28%
SPGI	C	5.04%
TT	A	4.96%
IR	B	4.4%
ISRG	A	4.24%
INTU	B	4.18%
HWM	A	4.11%
MASI	B	3.4%
TMO	F	3.21%
ENTG	D	2.84%
ADI	D	2.8%
FND	D	2.56%

BELT Underweight 61 Positions Relative to INNO

Symbol	Grade	Weight
SHOP	B	-3.91%
NOW	A	-3.73%
AMZN	C	-2.97%
FI	A	-2.94%
MELI	C	-2.85%
PGR	A	-2.82%
DASH	B	-2.82%
URI	C	-2.81%
LIN	C	-2.53%
DHR	F	-2.42%
TXN	C	-2.3%
TEAM	A	-2.23%
IOT	A	-2.16%
TOST	B	-2.03%
GOOGL	C	-1.96%
ASND	F	-1.55%
DDOG	A	-1.38%
AMD	F	-1.36%
TSM	B	-1.33%
PCOR	B	-1.2%
CGNX	D	-1.2%
NET	B	-1.17%
NFLX	A	-1.14%
HUBS	A	-1.11%
GTLS	A	-1.09%
CRM	B	-0.9%
S	B	-0.84%
SAP	B	-0.84%
SE	A	-0.83%
MEDP	D	-0.82%
ORCL	A	-0.81%
PANW	B	-0.8%
MNDY	C	-0.8%
ZS	B	-0.79%
MTSI	B	-0.77%
GEV	B	-0.67%
SQ	A	-0.65%
ROKU	D	-0.65%
LSCC	D	-0.64%
NU	C	-0.63%
DT	D	-0.62%
MDB	B	-0.62%
AMAT	F	-0.61%
PODD	C	-0.58%
GLBE	B	-0.57%
LLY	F	-0.54%
OKTA	C	-0.53%
DKNG	B	-0.5%
ICLR	D	-0.46%
TSLA	B	-0.46%
CRWD	B	-0.45%
SAIA	B	-0.45%
SNOW	B	-0.43%
LEGN	D	-0.41%
MRNA	F	-0.39%
TDG	D	-0.33%
RCKT	F	-0.33%
DXCM	C	-0.32%
CHKP	C	-0.32%
PCVX	D	-0.25%
BCYC	F	-0.16%