BELT vs. SMHX ETF Comparison

Comparison of BlackRock Long-Term U.S. Equity ETF (BELT) to VanEck Fabless Semiconductor ETF (SMHX)

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

$29.38

Average Daily Volume

5,444

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SMHX

VanEck Fabless Semiconductor ETF

SMHX Description

The fund normally invests at least 80% of its total assets in securities that comprise the fund"s benchmark index. The Fabless Index is composed of U.S.-listed common stocks of companies that derive at least 50% of their revenues from the semiconductor industry and operate as fabless semiconductor companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.88

Average Daily Volume

25,595

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BELT	SMHX
30 Days	-1.80%	4.13%
60 Days	-0.96%	2.59%
90 Days	5.29%
12 Months

2 Overlapping Holdings

	Symbol	Grade	Weight in BELT	Weight in SMHX	Overlap
	CDNS	C	4.43%	4.03%	4.03%
	NVDA	B	2.5%	21.07%	2.5%

BELT Overweight 18 Positions Relative to SMHX

Symbol	Grade	Weight
MSFT	D	13.0%
META	B	8.6%
GOOG	A	7.22%
MA	B	6.9%
NVO	F	5.9%
TT	C	5.37%
SPGI	D	5.26%
IR	B	4.29%
ISRG	B	4.17%
CMG	D	4.0%
HWM	B	3.85%
INTU	D	3.7%
TMO	F	3.59%
MASI	A	3.09%
ADI	C	3.02%
ENTG	F	2.87%
FND	F	2.71%
LRCX	F	2.44%

BELT Underweight 19 Positions Relative to SMHX

Symbol	Grade	Weight
AVGO	B	-15.47%
SNPS	B	-4.7%
AMD	F	-4.69%
QCOM	D	-4.62%
ARM	B	-4.46%
MRVL	B	-4.32%
MPWR	F	-4.13%
CRUS	F	-3.64%
PI	C	-3.45%
LSCC	C	-2.95%
RMBS	C	-2.92%
POWI	D	-2.36%
SLAB	F	-2.11%
AMBA	B	-1.66%
ALGM	F	-1.62%
SIMO	F	-1.62%
SYNA	F	-1.43%
SMTC	B	-1.31%
SITM	B	-1.26%