IAI vs. DIVL ETF Comparison

Comparison of iShares U.S. Broker-Dealers ETF (IAI) to Madison Dividend Value ETF (DIVL)

IAI

iShares U.S. Broker-Dealers ETF

IAI Description

The investment seeks to track the investment results of an index composed of U.S. equities in the investment services sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the index. It seeks to track the investment results of the Dow Jones U.S. Select Investment Services Index (the "underlying index"), which measures the performance of the investment services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$115.74

Average Daily Volume

163,187

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DIVL

Madison Dividend Value ETF

DIVL Description

The fund seeks to achieve its investment objective by investing in equity securities of companies with a market capitalization of over $1 billion and a history of paying dividends, with the ability to increase dividends over time. Under normal market conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in dividend paying equity securities. The fund may also invest up to 50% of its common stock allocation in foreign securities, including ADRs and emerging market securities.

Grade (RS Rating)

Last Trade

$20.18

Average Daily Volume

5,928

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IAI	DIVL
30 Days	1.30%	-2.63%
60 Days	3.71%	-1.21%
90 Days	10.04%	2.70%
12 Months	34.06%

2 Overlapping Holdings

	Symbol	Grade	Weight in IAI	Weight in DIVL	Overlap
	CME	D	4.3%	3.5%	3.5%
	MS	A	11.64%	3.59%	3.59%

IAI Overweight 30 Positions Relative to DIVL

Symbol	Grade	Weight
GS	A	14.23%
SPGI	C	13.66%
SCHW	A	7.54%
MCO	C	4.29%
ICE	D	4.16%
COIN	D	3.85%
MSCI	D	3.82%
RJF	B	3.76%
NDAQ	B	3.73%
LPLA	A	3.3%
FDS	D	2.61%
IBKR	A	2.03%
TW	A	1.94%
HOOD	C	1.41%
SF	A	1.35%
MKTX	F	1.26%
MORN	D	1.22%
JEF	B	1.21%
HLI	A	1.1%
EVR	C	1.04%
LAZ	C	0.73%
PIPR	A	0.51%
VIRT	A	0.34%
SNEX	A	0.34%
PJT	C	0.34%
DFIN	B	0.27%
MC	D	0.23%
BGC	A	0.21%
RILY	C	0.11%
LPRO	F	0.1%

IAI Underweight 8 Positions Relative to DIVL

Symbol	Grade	Weight
FAST	D	-4.48%
ABBV	D	-4.01%
HD	D	-3.81%
MDT	D	-3.72%
EOG	B	-3.69%
ADP	D	-3.6%
CMCSA	F	-3.58%
BAC	B	-3.44%