FOVL vs. CPAI ETF Comparison

Comparison of iShares Focused Value Factor ETF (FOVL) to Counterpoint Quantitative Equity ETF (CPAI)

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

$73.57

Average Daily Volume

2,250

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CPAI

Counterpoint Quantitative Equity ETF

CPAI Description

CPAI employs a quantitative, model-driven strategy that integrates quantitative analysis and machine learning insights to navigate diverse market conditions. The portfolio consists of at least 50 US-listed companies of any capitalization or ADRs. The selection process relies on advanced quantitative models leveraging machine learning technology, considering over 30 variables related to value, long-term reversal, momentum, profitability, investor sentiment, and stock price stability. Additionally, the Adviser backtests variable combinations considered to be supported by economic reasoning or investor behavioral biases. The models continually learn and adapt relationships between input variables and realized historic returns, updating during quarterly portfolio rebalances. Moreover, rebalancing ensures the portfolio aligns with the models' rankings, with adjustments made to limit sector exposure to 35% or less.

Grade (RS Rating)

Last Trade

$35.81

Average Daily Volume

7,195

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FOVL	CPAI
30 Days	5.56%	5.48%
60 Days	9.08%	9.78%
90 Days	12.44%	11.01%
12 Months	44.84%

0 Overlapping Holdings

	Symbol	Grade	Weight in FOVL	Weight in CPAI	Overlap

FOVL Overweight 40 Positions Relative to CPAI

Symbol	Grade	Weight
FHN	A	3.03%
DFS	B	3.0%
MTB	A	2.84%
FHB	B	2.82%
FNB	A	2.81%
NTRS	A	2.81%
CMA	B	2.77%
JHG	B	2.77%
BAC	A	2.74%
ALK	B	2.7%
PNC	B	2.7%
ETR	B	2.69%
RF	A	2.66%
WTM	A	2.65%
OZK	B	2.65%
USB	A	2.63%
FITB	B	2.61%
HPE	B	2.52%
CMCSA	B	2.5%
OGE	A	2.5%
VOYA	B	2.49%
AXS	A	2.49%
PNW	A	2.43%
EVRG	A	2.43%
PFG	D	2.4%
PRGO	C	2.38%
AVT	C	2.36%
MET	A	2.36%
D	C	2.34%
CNA	C	2.34%
MTG	C	2.31%
RNR	C	2.29%
UGI	C	2.25%
RPRX	D	2.18%
BG	D	2.14%
VZ	C	2.13%
CWEN	C	2.08%
ADM	D	2.04%
CRI	F	1.91%
CNXC	F	1.88%

FOVL Underweight 49 Positions Relative to CPAI

Symbol	Grade	Weight
SFM	A	-2.51%
SKYW	C	-2.49%
TRGP	A	-2.46%
TDS	B	-2.43%
CARG	B	-2.37%
LDOS	C	-2.33%
NTGR	B	-2.27%
UNM	A	-2.25%
GDDY	A	-2.23%
OKE	A	-2.21%
FTDR	B	-2.17%
BRBR	A	-2.17%
EQH	C	-2.16%
CNO	B	-2.15%
HTZ	C	-2.13%
FTI	A	-2.13%
ACIW	B	-2.11%
VIRT	A	-2.11%
ORCL	A	-2.09%
CVLT	B	-2.08%
CAH	B	-2.08%
MSI	B	-2.07%
CLBT	B	-2.06%
COR	B	-2.05%
GOOGL	C	-2.05%
GNW	A	-2.03%
PBI	B	-2.01%
PGR	A	-1.93%
META	D	-1.93%
RTX	D	-1.9%
BRC	D	-1.89%
TJX	A	-1.89%
THC	D	-1.88%
LESL	D	-1.87%
NYT	D	-1.85%
ZIM	C	-1.84%
MSFT	D	-1.83%
WBA	F	-1.82%
AAPL	C	-1.81%
PAA	B	-1.8%
PAGP	A	-1.79%
WES	C	-1.76%
LLY	F	-1.74%
MHO	D	-1.72%
PRM	C	-1.72%
ROST	D	-1.72%
UHS	D	-1.64%
HCA	F	-1.61%
AGL	F	-0.95%