FOVL vs. NIXT ETF Comparison

Comparison of iShares Focused Value Factor ETF (FOVL) to Research Affiliates Deletions ETF (NIXT)

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

$73.07

Average Daily Volume

2,243

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NIXT

Research Affiliates Deletions ETF

NIXT Description

The index consists of U.S. equity securities of micro-, small- and mid- capitalization companies that are believed to be value stocks. Under normal circumstances, at least 80% of the fund"s total assets (exclusive of collateral held from securities lending) will be invested in U.S. equity securities of micro-, small- and mid- companies.

Grade (RS Rating)

Last Trade

$26.85

Average Daily Volume

43,136

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

Performance

Period	FOVL	NIXT
30 Days	4.21%	0.23%
60 Days	7.72%	1.10%
90 Days	14.00%
12 Months	43.80%

6 Overlapping Holdings

Symbol	Grade	Weight in FOVL	Weight in NIXT	Overlap
AVT	C	2.36%	0.67%	0.67%
CMA	B	2.77%	0.84%	0.84%
CNA	C	2.34%	0.67%	0.67%
CRI	F	1.91%	0.46%	0.46%
FHB	B	2.82%	0.79%	0.79%
PNW	A	2.43%	0.76%	0.76%

FOVL Overweight 34 Positions Relative to NIXT

Symbol	Grade	Weight
FHN	B	3.03%
DFS	B	3.0%
MTB	A	2.84%
FNB	B	2.81%
NTRS	A	2.81%
JHG	B	2.77%
BAC	A	2.74%
ALK	A	2.7%
PNC	B	2.7%
ETR	A	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%
EVRG	A	2.43%
PFG	C	2.4%
PRGO	C	2.38%
MET	A	2.36%
D	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%
CNXC	F	1.88%

FOVL Underweight 131 Positions Relative to NIXT

Symbol	Grade	Weight
LUMN	C	-4.72%
TDS	B	-1.23%
LBRDK	C	-1.21%
LITE	B	-1.2%
DNLI	D	-1.18%
FTDR	A	-1.12%
SIRI	D	-1.12%
OMCL	C	-1.1%
AFRM	A	-1.09%
HBI	A	-1.06%
ACIW	B	-1.01%
VNO	C	-1.0%
VFC	C	-0.99%
BFH	B	-0.96%
SLG	B	-0.95%
CHRW	B	-0.95%
SNDR	A	-0.94%
GEN	B	-0.92%
BKU	A	-0.9%
UAA	C	-0.86%
MAC	A	-0.85%
SHC	F	-0.84%
LOPE	B	-0.81%
DEI	A	-0.81%
EQH	B	-0.8%
BIO	C	-0.8%
LNC	B	-0.8%
SMTC	B	-0.79%
MKTX	D	-0.79%
NRG	B	-0.78%
BXP	D	-0.78%
AMBA	B	-0.78%
SABR	C	-0.77%
FNF	D	-0.76%
RL	C	-0.76%
UHS	D	-0.75%
CCOI	B	-0.75%
REG	A	-0.75%
PNM	B	-0.75%
PAYC	B	-0.75%
MP	C	-0.75%
HIW	D	-0.75%
ELS	B	-0.74%
MSGS	A	-0.74%
TNL	B	-0.74%
RNG	C	-0.74%
JWN	D	-0.74%
FL	F	-0.73%
DBX	C	-0.73%
DXC	C	-0.72%
SGRY	F	-0.72%
TFSL	B	-0.72%
CRUS	F	-0.72%
RIVN	F	-0.72%
YETI	D	-0.71%
OGS	A	-0.71%
KMX	C	-0.7%
OUT	A	-0.7%
NWL	B	-0.7%
MASI	B	-0.7%
VYX	B	-0.7%
ZD	B	-0.69%
SAM	C	-0.69%
JBLU	F	-0.68%
EPR	D	-0.68%
PINC	B	-0.67%
EMN	D	-0.66%
FRT	B	-0.66%
ALE	A	-0.66%
VIR	F	-0.66%
JKHY	D	-0.65%
GAP	D	-0.65%
CTLT	D	-0.65%
EQC	A	-0.65%
APLE	B	-0.65%
NVST	C	-0.64%
HE	C	-0.63%
JBGS	D	-0.63%
HAS	D	-0.62%
MTCH	F	-0.61%
HAE	C	-0.61%
PARA	D	-0.61%
IAC	D	-0.61%
CAR	C	-0.61%
AMED	F	-0.6%
NEU	D	-0.6%
ASAN	C	-0.59%
CABO	B	-0.59%
ALLY	C	-0.59%
SPR	D	-0.59%
HLF	C	-0.58%
HST	D	-0.58%
ARWR	D	-0.58%
VAC	C	-0.58%
TFX	F	-0.57%
FMC	D	-0.57%
PK	D	-0.57%
NGVT	B	-0.55%
HP	C	-0.55%
NOMD	D	-0.55%
AZTA	D	-0.54%
RAMP	C	-0.54%
NOV	C	-0.54%
IART	C	-0.52%
BMBL	C	-0.52%
LCID	F	-0.51%
ENOV	C	-0.51%
MOS	D	-0.5%
ZI	C	-0.5%
PLUG	F	-0.5%
HTZ	C	-0.49%
CBRL	C	-0.48%
ACLS	F	-0.48%
KSS	F	-0.47%
ETSY	D	-0.47%
NTLA	F	-0.47%
NSP	F	-0.45%
MQ	F	-0.45%
AEO	F	-0.45%
BBWI	C	-0.43%
HELE	C	-0.43%
MRVI	F	-0.42%
LEG	F	-0.4%
XRX	F	-0.4%
CVI	D	-0.37%
XRAY	D	-0.36%
QRVO	F	-0.34%
TRIP	F	-0.33%
SVC	F	-0.29%
SAGE	F	-0.25%
AGL	F	-0.21%