BPAY vs. MRGR ETF Comparison

Comparison of BlackRock Future Financial and Technology ETF (BPAY) to ProShares Merger ETF (MRGR)

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

MRGR

ProShares Merger ETF

MRGR Description

The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.

Grade (RS Rating)

Last Trade

$42.15

Average Daily Volume

679

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BPAY	MRGR
30 Days	2.27%	0.52%
60 Days	-2.07%	1.59%
90 Days	8.82%	3.01%
12 Months	36.36%	8.21%

1 Overlapping Holdings

	Symbol	Grade	Weight in BPAY	Weight in MRGR	Overlap
	DFS	A	5.25%	2.57%	2.57%

BPAY Overweight 23 Positions Relative to MRGR

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 28 Positions Relative to MRGR

Symbol	Grade	Weight
HTLF	A	-3.12%
IBTX	B	-2.79%
INFN	B	-2.54%
EDR	A	-2.48%
SASR	A	-2.44%
SMAR	A	-2.41%
LBPH	A	-2.4%
B	A	-2.39%
EVRI	A	-2.39%
NAPA	A	-2.38%
K	A	-2.36%
ZUO	A	-2.36%
PETQ	A	-2.35%
ENV	A	-2.34%
RCM	A	-2.34%
INST	A	-2.33%
JNPR	A	-2.33%
SRCL	A	-2.32%
HCP	A	-2.29%
ALE	A	-2.29%
AXNX	A	-2.27%
CTLT	D	-2.21%
ANSS	C	-2.2%
SPR	C	-2.11%
MRO	C	-2.06%
HES	B	-1.87%
RVNC	C	-1.87%
CHX	F	-1.68%