FOVL vs. FFND ETF Comparison

Comparison of iShares Focused Value Factor ETF (FOVL) to The Future Fund Active ETF (FFND)

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

$59.85

Average Daily Volume

14,044

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFND

The Future Fund Active ETF

FFND Description

Northern Lights Fund Trust II - The Future Fund Active ETF is an exchange traded fund launched by Northern Lights Fund Trust II. The fund is managed by The Future Fund, LLC. It invests in public equity markets of the United States. The fund invests directly, through derivatives and through other funds in stocks of companies operating across diversified sectors. It employs long/short strategy and uses derivatives such as futures and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs proprietary research to create its portfolio. Northern Lights Fund Trust II - The Future Fund Active ETF was formed on August 24, 2021 and is domiciled in the United States. The investment seeks to provide capital appreciation. Under normal market conditions, the fund, which is an actively managed ETF, will primarily invest in the equity securities of companies that the adviser believes to be best positioned to take advantage of or profit from emerging technological or social trends or developments.

Grade (RS Rating)

Last Trade

$22.03

Average Daily Volume

2,608

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FOVL	FFND
30 Days	-2.95%	-2.86%
60 Days	0.23%	-1.81%
90 Days	4.12%	8.53%
12 Months	23.97%	34.99%

0 Overlapping Holdings

	Symbol	Grade	Weight in FOVL	Weight in FFND	Overlap

FOVL Overweight 40 Positions Relative to FFND

Symbol	Grade	Weight
TOL	B	3.4%
PNFP	C	3.29%
IBKR	A	3.25%
BLDR	C	3.12%
COF	B	3.09%
JPM	A	3.07%
SF	A	3.01%
WTM	A	2.97%
WLK	A	2.87%
FHB	A	2.83%
WBS	F	2.77%
FYBR	B	2.77%
SNV	C	2.77%
AXS	B	2.76%
ORI	A	2.71%
FNB	A	2.7%
JHG	B	2.66%
KMI	A	2.61%
CNA	A	2.57%
LYB	D	2.51%
PFG	D	2.49%
NUE	D	2.47%
CLF	F	2.47%
DFS	B	2.46%
T	B	2.46%
AMG	C	2.44%
HPE	D	2.31%
THO	F	2.31%
CUZ	A	2.3%
LPX	C	2.28%
AN	A	2.28%
STT	D	2.28%
AGR	B	2.21%
PNW	A	2.09%
Z	F	1.94%
ALK	B	1.93%
LSXMK	D	1.7%
SNDR	F	1.69%
UNM	A	1.44%
LLYVK	F	0.65%

FOVL Underweight 34 Positions Relative to FFND

Symbol	Grade	Weight
GOOGL	A	-10.12%
NVDA	C	-5.43%
LLY	C	-4.67%
CMG	A	-3.99%
GTLS	F	-3.96%
ABNB	D	-3.92%
UBER	D	-3.5%
HALO	C	-3.5%
CRM	D	-3.37%
GPRE	F	-3.11%
NFLX	C	-3.05%
KTOS	A	-2.95%
CELH	C	-2.91%
LULU	F	-2.82%
TSLA	D	-2.79%
LPLA	A	-2.74%
SCHW	A	-2.5%
DASH	D	-2.47%
ONON	C	-2.24%
FTI	A	-2.16%
GTLB	D	-2.14%
ZTS	D	-2.13%
VRTX	C	-1.96%
WOLF	F	-1.96%
EW	D	-1.87%
ASML	D	-1.67%
PANW	B	-1.67%
MU	A	-1.47%
CIEN	C	-1.45%
BIDU	C	-1.39%
RIVN	F	-1.29%
PWR	A	-1.16%
EXAS	F	-1.06%
YNDX	C	-0.62%