FOVL vs. DIVY ETF Comparison

Comparison of iShares Focused Value Factor ETF (FOVL) to Sound Equity Income ETF (DIVY)

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

$74.88

Average Daily Volume

2,260

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DIVY

Sound Equity Income ETF

DIVY Description

The investment seeks to produce long-term capital appreciation. The fund's principal investment strategy is designed to provide exposure to the aggregate value of ordinary dividends expected to be paid on a portfolio of large capitalization equity securities listed for trading in the U.S. (Large Cap Securities). The fund may use a variety of investment strategies to achieve this objective. Under normal circumstances, it generally invests in a combination of dividend swaps, dividend futures and forwards on indexes of Large Cap Securities (Large Cap Securities Indexes). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.09

Average Daily Volume

4,316

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FOVL	DIVY
30 Days	7.28%	1.25%
60 Days	10.70%	1.03%
90 Days	14.43%	2.15%
12 Months	47.41%	13.38%

1 Overlapping Holdings

	Symbol	Grade	Weight in FOVL	Weight in DIVY	Overlap
	MTB	A	2.85%	3.52%	2.85%

FOVL Overweight 39 Positions Relative to DIVY

Symbol	Grade	Weight
FHN	A	3.04%
DFS	B	2.92%
NTRS	A	2.83%
FNB	A	2.79%
FHB	A	2.76%
JHG	A	2.75%
BAC	A	2.74%
WTM	A	2.72%
ALK	C	2.71%
ETR	B	2.7%
CMA	A	2.69%
RF	A	2.68%
USB	A	2.63%
OZK	B	2.63%
PNC	B	2.6%
AXS	A	2.59%
FITB	A	2.57%
OGE	B	2.5%
HPE	B	2.49%
PNW	B	2.47%
EVRG	A	2.44%
CMCSA	B	2.44%
PRGO	B	2.42%
MET	A	2.42%
VOYA	B	2.38%
D	C	2.36%
CNA	B	2.35%
AVT	C	2.32%
UGI	A	2.32%
PFG	D	2.31%
MTG	C	2.28%
RNR	C	2.27%
VZ	C	2.22%
CWEN	C	2.19%
RPRX	D	2.18%
BG	F	2.14%
ADM	D	2.08%
CRI	D	1.89%
CNXC	F	1.81%

FOVL Underweight 7 Positions Relative to DIVY

Symbol	Grade	Weight
OKE	A	-4.95%
T	A	-4.76%
LYB	F	-4.09%
IBM	C	-3.99%
OMC	C	-3.81%
C	A	-3.63%
PFE	D	-3.43%