ETEC vs. FBZ ETF Comparison

Comparison of iShares Breakthrough Environmental Solutions ETF (ETEC) to First Trust Brazil AlphaDEX Fund (FBZ)

ETEC

iShares Breakthrough Environmental Solutions ETF

ETEC Description

ETEC provides exposure to global equities categorized as emerging green technology. Selection begins with the initial index universe that then excludes companies involved in controversial issues against UNGC principles. Stocks are reviewed to meet revenue derived from eight sustainable themes: energy efficiency, green buildings and transportation, pollution prevention and reduction, renewable energy, resource efficiency technologies and services, water, and sustainable agriculture, food, and forestry. The fund excludes companies with total sustainable product revenue less than 25%. The remaining stocks are screened further to only include companies classified as green technologies. Stocks are scored within the Rogers innovation adoption curve to determine their position across the innovators-laggards spectrum, which contributes to an aggregate score. The top 50 companies with the highest aggregate scores are selected. The market cap-weighted index is reconstituted annually in December and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$22.32

Average Daily Volume

360

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FBZ

First Trust Brazil AlphaDEX Fund

FBZ Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Brazil Index. The fund normally invests at least 90% of its net assets plus the amount of any borrowings for investment purposes in stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Brazil BMI Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.86

Average Daily Volume

2,294

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ETEC	FBZ
30 Days	5.88%	-0.88%
60 Days	1.00%	-1.14%
90 Days	10.77%	-0.23%
12 Months	-6.59%	21.49%

0 Overlapping Holdings

	Symbol	Grade	Weight in ETEC	Weight in FBZ	Overlap

ETEC Overweight 13 Positions Relative to FBZ

Symbol	Grade	Weight
BWA	B	6.6%
OLED	C	5.5%
TSLA	C	4.05%
FSLR	B	3.98%
XYL	A	3.16%
ENPH	F	2.96%
NIO	D	2.79%
XPEV	D	2.5%
LI	F	2.21%
SEDG	F	2.05%
PLUG	F	1.37%
LCID	D	1.23%
DQ	F	0.68%

ETEC Underweight 11 Positions Relative to FBZ

Symbol	Grade	Weight
ERJ	A	-5.08%
BRFS	C	-3.33%
STNE	C	-3.18%
GGB	D	-3.14%
PAGS	D	-2.88%
ASAI	D	-1.82%
VALE	C	-1.68%
NU	C	-0.95%
ABEV	D	-0.6%
XP	D	-0.58%
CSAN	F	-0.51%

ETEC: Top Represented Industries & Keywords

Industries: Auto Manufacturers Semiconductor Equipment & Materials Solar Auto Parts Diversified Industrials Electronic Components