BELT vs. TOLL ETF Comparison

Comparison of BlackRock Long-Term U.S. Equity ETF (BELT) to Tema Monopolies and Oligopolies ETF (TOLL)

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

$29.61

Average Daily Volume

5,444

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TOLL

Tema Monopolies and Oligopolies ETF

TOLL Description

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in domestic and foreign, common and preferred stocks of publicly listed companies where the Herfindahl"Hirschman (HHI) index of the market of operation representing more than 50% of the company"s revenue is above 2,500. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.40

Average Daily Volume

1,572

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BELT	TOLL
30 Days	-1.30%	-3.46%
60 Days	-0.19%	-3.34%
90 Days	6.10%	2.17%
12 Months		30.35%

5 Overlapping Holdings

Symbol	Grade	Weight in BELT	Weight in TOLL	Overlap
ADI	C	3.13%	2.06%	2.06%
INTU	D	3.74%	3.14%	3.14%
LRCX	F	2.56%	2.16%	2.16%
SPGI	D	4.97%	4.64%	4.64%
TMO	D	3.38%	2.48%	2.48%

BELT Overweight 15 Positions Relative to TOLL

Symbol	Grade	Weight
MSFT	D	13.44%
META	B	8.77%
GOOG	A	7.44%
MA	B	6.91%
NVO	F	5.74%
TT	C	4.85%
CDNS	C	4.48%
IR	C	4.23%
ISRG	B	4.17%
CMG	B	4.12%
HWM	B	3.76%
MASI	A	3.06%
ENTG	D	2.95%
FND	D	2.63%
NVDA	B	2.48%

BELT Underweight 23 Positions Relative to TOLL

Symbol	Grade	Weight
GE	D	-6.19%
ICE	C	-5.79%
MCO	D	-5.79%
V	A	-4.92%
FICO	B	-4.92%
SHW	D	-4.04%
MSCI	C	-3.4%
TER	F	-3.26%
EFX	D	-3.03%
VMC	A	-2.96%
CPRT	D	-2.96%
CME	B	-2.79%
KLAC	F	-2.77%
TYL	A	-2.61%
AON	A	-2.58%
WAT	A	-2.2%
LOW	B	-2.09%
CNI	F	-1.96%
TECH	B	-1.94%
IDXX	F	-1.62%
DE	B	-1.53%
GILD	A	-1.07%
BDX	C	-1.06%