ETEC vs. PJFM ETF Comparison

Comparison of iShares Breakthrough Environmental Solutions ETF (ETEC) to PGIM Jennison Focused Mid-Cap ETF (PJFM)

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

$20.91

Average Daily Volume

269

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PJFM

PGIM Jennison Focused Mid-Cap ETF

PJFM Description

Under normal circumstances, the fund invests at least 80% of the fund's investable assets in equity and equity-related securities of medium-sized companies. The subadviser uses a combination of fundamental research and systematic portfolio construction. The fund's managers consider medium-sized companies to be those with market capitalizations that are within the market capitalization range of the Russell Midcap Index.

Grade (RS Rating)

Last Trade

$51.19

Average Daily Volume

167

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ETEC	PJFM
30 Days	-3.82%	-3.15%
60 Days	1.58%	-0.86%
90 Days	3.16%	1.88%
12 Months	-11.91%

0 Overlapping Holdings

	Symbol	Grade	Weight in ETEC	Weight in PJFM	Overlap

ETEC Overweight 13 Positions Relative to PJFM

Symbol	Grade	Weight
BWA	B	6.39%
OLED	D	5.79%
FSLR	A	4.05%
TSLA	D	4.02%
XYL	A	3.19%
ENPH	D	3.16%
NIO	F	2.2%
XPEV	F	2.14%
SEDG	F	2.04%
LI	F	2.02%
PLUG	F	1.4%
LCID	F	1.14%
DQ	F	0.88%

ETEC Underweight 9 Positions Relative to PJFM

Symbol	Grade	Weight
MOH	F	-3.65%
LHX	A	-3.35%
MKL	D	-3.35%
BURL	C	-3.24%
KEX	A	-3.24%
FOUR	F	-3.18%
PFGC	D	-3.17%
TRGP	A	-3.15%
EWBC	B	-3.14%

ETEC: Top Represented Industries & Keywords

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