BPAY vs. FOVL ETF Comparison

Comparison of BlackRock Future Financial and Technology ETF (BPAY) to iShares Focused Value Factor ETF (FOVL)

BPAY

BlackRock Future Financial and Technology ETF

BPAY Description

The BlackRock Future Financial Technology ETF seeks to maximize total return by investing in the companies delivering innovative and emerging technologies used in the financial services industry.

Grade (RS Rating)

Last Trade

$24.93

Average Daily Volume

331

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$68.63

Average Daily Volume

1,975

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BPAY	FOVL
30 Days	2.27%	1.74%
60 Days	-2.07%	4.26%
90 Days	8.82%	11.17%
12 Months	36.36%	41.64%

1 Overlapping Holdings

	Symbol	Grade	Weight in BPAY	Weight in FOVL	Overlap
	DFS	A	5.25%	2.66%	2.66%

BPAY Overweight 23 Positions Relative to FOVL

Symbol	Grade	Weight
PYPL	B	5.29%
SYF	B	4.64%
SCHW	B	4.51%
GPN	D	4.5%
FI	A	4.41%
COF	A	3.49%
WEX	F	3.47%
FOUR	B	2.93%
FIS	B	2.7%
PAYO	B	2.66%
XP	F	2.65%
AXP	A	2.61%
RPAY	D	2.59%
SQ	B	2.57%
NU	C	2.53%
AX	B	2.04%
PAGS	F	1.88%
LOB	D	1.48%
HCI	B	1.32%
CCB	A	1.26%
MA	B	1.19%
V	A	1.1%
BLND	C	0.86%

BPAY Underweight 39 Positions Relative to FOVL

Symbol	Grade	Weight
NTRS	B	-2.79%
FHN	B	-2.75%
MTB	B	-2.71%
WTM	B	-2.68%
BAC	B	-2.64%
USB	B	-2.61%
FHB	A	-2.59%
JHG	A	-2.59%
ETR	A	-2.58%
CMA	A	-2.58%
D	B	-2.58%
OZK	B	-2.54%
PNC	B	-2.52%
VOYA	B	-2.52%
RF	B	-2.52%
ALK	A	-2.52%
FNB	A	-2.52%
FITB	B	-2.52%
AXS	C	-2.51%
CMCSA	A	-2.5%
MET	C	-2.5%
PNW	D	-2.49%
CNA	D	-2.48%
AVT	B	-2.48%
RNR	C	-2.47%
OGE	C	-2.47%
UGI	D	-2.46%
EVRG	C	-2.45%
PFG	C	-2.44%
MTG	D	-2.43%
PRGO	D	-2.39%
HPE	A	-2.38%
RPRX	D	-2.38%
ADM	F	-2.37%
BG	F	-2.33%
VZ	D	-2.31%
CRI	F	-2.19%
CNXC	F	-2.17%
CWEN	C	-2.14%