IETC vs. RND ETF Comparison

Comparison of iShares Evolved U.S. Technology ETF (IETC) to First Trust Bloomberg R&D Leaders ETF (RND)

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$82.22

Average Daily Volume

19,325

Number of Holdings ^*

117

* may have additional holdings in another (foreign) market

RND

First Trust Bloomberg R&D Leaders ETF

RND Description

Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the index. According to the index provider, the index is designed to track the performance of companies that seek to return implicit value to shareholders by reinvesting in their own growth. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.24

Average Daily Volume

1,089

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IETC	RND
30 Days	3.17%	4.00%
60 Days	5.58%	4.69%
90 Days	8.32%	6.80%
12 Months	39.98%

29 Overlapping Holdings

Symbol	Grade	Weight in IETC	Weight in RND	Overlap
AAPL	C	2.42%	7.56%	2.42%
ADBE	C	1.19%	0.94%	0.94%
ADSK	A	0.71%	0.28%	0.28%
AMD	F	0.7%	0.96%	0.7%
AMZN	C	8.02%	8.36%	8.02%
ANET	C	0.58%	0.39%	0.39%
AVGO	D	11.87%	3.71%	3.71%
CDNS	B	1.84%	0.34%	0.34%
CRWD	B	0.33%	0.33%	0.33%
CSCO	B	1.85%	0.9%	0.9%
DASH	A	0.21%	0.83%	0.21%
FTNT	C	1.25%	0.25%	0.25%
GOOGL	C	2.34%	8.17%	2.34%
INTU	C	0.07%	0.79%	0.07%
LRCX	F	0.16%	0.39%	0.16%
META	D	1.79%	3.75%	1.79%
MSCI	C	0.12%	0.67%	0.12%
MSFT	F	7.7%	7.47%	7.47%
MSI	B	2.4%	0.35%	0.35%
MU	D	0.39%	0.46%	0.39%
NOW	A	2.11%	0.88%	0.88%
NVDA	C	8.78%	8.92%	8.78%
ORCL	B	3.5%	1.27%	1.27%
PANW	C	0.82%	0.53%	0.53%
SNPS	B	0.2%	0.35%	0.2%
TTD	B	0.62%	0.77%	0.62%
TXN	C	0.3%	0.8%	0.3%
UBER	D	0.23%	2.06%	0.23%
WDAY	B	0.69%	0.23%	0.23%

IETC Overweight 88 Positions Relative to RND

Symbol	Grade	Weight
ACN	C	4.24%
CRM	B	3.82%
VRSN	F	1.99%
IBM	C	1.92%
ICE	C	1.6%
GOOG	C	1.44%
QCOM	F	1.35%
MANH	D	1.28%
GPN	B	1.12%
PH	A	0.99%
MA	C	0.95%
TEAM	A	0.84%
NTAP	C	0.78%
EQIX	A	0.74%
SSNC	B	0.71%
ABNB	C	0.66%
VRSK	A	0.64%
TYL	B	0.63%
IT	C	0.62%
ZM	B	0.6%
PLTR	B	0.58%
CDW	F	0.57%
MPWR	F	0.52%
LMT	D	0.41%
ANSS	B	0.4%
CSGP	D	0.37%
MCO	B	0.35%
KLAC	D	0.34%
G	B	0.32%
FDS	B	0.3%
MSTR	C	0.28%
COIN	C	0.28%
TTEK	F	0.21%
SQ	B	0.2%
BAH	F	0.2%
KEYS	A	0.18%
MMC	B	0.18%
BSY	D	0.17%
QLYS	C	0.17%
TRU	D	0.17%
DDOG	A	0.16%
CACI	D	0.15%
AKAM	D	0.14%
PINS	D	0.14%
HUBS	A	0.14%
IQV	D	0.13%
SWKS	F	0.13%
EA	A	0.12%
VEEV	C	0.11%
NSIT	F	0.1%
IPG	D	0.1%
TER	D	0.1%
NDAQ	A	0.09%
CFLT	B	0.09%
IRM	D	0.09%
VRT	B	0.09%
SLB	C	0.09%
ADP	B	0.07%
SNAP	C	0.07%
ROK	B	0.07%
CPAY	A	0.06%
TDY	B	0.06%
CBOE	B	0.06%
SLAB	D	0.06%
CPNG	D	0.06%
DELL	C	0.06%
JNPR	F	0.06%
LPLA	A	0.06%
QRVO	F	0.06%
BBY	D	0.06%
FBIN	D	0.06%
DOCN	D	0.05%
MMS	F	0.05%
ILMN	D	0.05%
SAIC	F	0.05%
CL	D	0.04%
APPN	B	0.04%
BILL	A	0.04%
DXC	B	0.04%
GLW	B	0.03%
ZI	D	0.02%
ENPH	F	0.02%
XYL	D	0.02%
RIVN	F	0.01%
GDDY	A	0.01%
ALGN	D	0.0%
GRAL	C	0.0%
FTV	C	0.0%

IETC Underweight 20 Positions Relative to RND

Symbol	Grade	Weight
TSLA	B	-5.0%
NFLX	A	-4.63%
LLY	F	-3.18%
ISRG	A	-2.79%
CAT	B	-2.77%
BKNG	A	-2.51%
ETN	A	-2.12%
BSX	B	-1.97%
VRTX	F	-1.77%
GILD	C	-1.63%
DE	A	-1.54%
BA	F	-1.31%
REGN	F	-1.21%
ZTS	D	-1.1%
CARR	D	-0.92%
CMI	A	-0.73%
KVUE	A	-0.67%
AMAT	F	-0.61%
MRVL	B	-0.33%
NXPI	D	-0.24%

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Semiconductors Information Technology Services Software - Infrastructure Internet Content & Information Capital Markets Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Diversified Industrials Financial Data & Stock Exchanges Scientific & Technical Instruments Computer Systems Internet Content & Information Specialty Retail Advertising Agencies Aerospace & Defense Auto Manufacturers Conglomerates

RND: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Software - Infrastructure Biotechnology Communication Equipment Drug Manufacturers - Major Farm & Construction Equipment Internet Content & Information Semiconductor Equipment & Materials Aerospace & Defense Auto Manufacturers Building Products & Equipment Capital Markets Computer Systems Consumer Electronics Diversified Industrials Drug Manufacturers - Specialty & Generic Household & Personal Products Internet Content & Information Media - Diversified