IETC vs. SMHB ETF Comparison

Comparison of iShares Evolved U.S. Technology ETF (IETC) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)

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

$68.02

Average Daily Volume

37,051

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$6.14

Average Daily Volume

38,012

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IETC	SMHB
30 Days	-3.90%	-1.01%
60 Days	-4.33%	4.63%
90 Days	1.29%	4.70%
12 Months	48.89%	74.54%

0 Overlapping Holdings

	Symbol	Grade	Weight in IETC	Weight in SMHB	Overlap

IETC Overweight 150 Positions Relative to SMHB

Symbol	Grade	Weight
MSFT	C	10.1%
AVGO	D	9.47%
NVDA	C	8.43%
AMZN	A	8.07%
CRM	D	5.25%
ACN	F	5.19%
ORCL	D	3.52%
AAPL	C	2.46%
GOOGL	A	2.37%
CSCO	F	2.23%
GOOG	A	2.02%
META	D	2.01%
CDNS	D	1.91%
IBM	D	1.83%
MSI	A	1.73%
NOW	D	1.51%
ICE	D	1.39%
VRSN	F	1.13%
ADBE	D	1.11%
MANH	F	0.99%
MRVL	D	0.93%
QCOM	A	0.89%
MA	D	0.87%
AMD	D	0.82%
PH	C	0.81%
CDW	F	0.79%
EQIX	F	0.63%
SPGI	C	0.62%
ADP	D	0.59%
SNOW	D	0.59%
FDS	D	0.56%
IT	D	0.54%
V	D	0.49%
TYL	A	0.48%
INTC	F	0.47%
CRWD	D	0.47%
CSGP	C	0.47%
COIN	D	0.44%
NET	F	0.41%
ANSS	D	0.4%
ZM	F	0.38%
LMT	B	0.37%
PANW	B	0.37%
DELL	B	0.36%
ANET	D	0.34%
CPAY	B	0.29%
MCO	C	0.28%
SNAP	B	0.28%
NTAP	C	0.28%
TXN	A	0.27%
FIS	C	0.26%
VRSK	C	0.25%
BA	D	0.25%
MU	B	0.24%
PLTR	D	0.23%
UBER	D	0.23%
CME	D	0.23%
MMC	D	0.22%
TTEK	A	0.22%
G	D	0.22%
LRCX	D	0.21%
BKNG	C	0.21%
BAH	B	0.2%
MPWR	C	0.2%
SNPS	D	0.2%
QLYS	D	0.2%
WDAY	D	0.19%
GPN	F	0.19%
KLAC	B	0.19%
BSY	B	0.19%
PINS	A	0.18%
KEYS	D	0.18%
QRVO	F	0.18%
PAYX	D	0.17%
DASH	D	0.17%
AKAM	F	0.17%
SMCI	D	0.17%
DDOG	C	0.17%
VRT	A	0.17%
ADSK	D	0.16%
TTD	B	0.16%
FTNT	F	0.16%
OMC	B	0.15%
IQV	D	0.15%
NXPI	A	0.14%
HPQ	D	0.14%
JKHY	D	0.14%
IRM	D	0.13%
CACI	A	0.13%
ABNB	D	0.13%
HUBS	D	0.13%
TRU	C	0.13%
EBAY	C	0.12%
NSIT	A	0.12%
SQ	D	0.12%
SLB	F	0.11%
CFLT	D	0.11%
TER	A	0.11%
IPG	F	0.11%
MSCI	F	0.1%
ROP	F	0.1%
A	C	0.1%
EA	D	0.1%
VEEV	D	0.1%
AON	F	0.09%
FICO	D	0.09%
ASGN	D	0.09%
TRMB	D	0.09%
SSNC	C	0.08%
PSTG	C	0.08%
FBIN	D	0.07%
BR	C	0.07%
DLR	B	0.07%
PAYC	F	0.07%
NDAQ	B	0.07%
SLAB	D	0.07%
ROK	F	0.07%
SAIC	D	0.06%
CPNG	A	0.06%
JNPR	D	0.06%
BBY	D	0.06%
INTU	C	0.06%
J	B	0.06%
ILMN	F	0.05%
TDY	D	0.05%
MMS	C	0.05%
LPLA	A	0.05%
ENPH	F	0.04%
OKTA	D	0.04%
CL	A	0.04%
APPN	F	0.04%
DOCN	D	0.04%
DXC	F	0.04%
MRCY	D	0.03%
XYL	A	0.03%
RBLX	C	0.03%
ZI	C	0.03%
AMRC	C	0.03%
BILL	F	0.03%
APTV	D	0.02%
ROL	B	0.02%
GLW	B	0.02%
SEE	C	0.02%
RIVN	F	0.01%
TEAM	F	0.01%
TOST	D	0.01%
SMAR	D	0.01%
GDDY	A	0.01%
ALGN	F	0.0%
FTV	F	0.0%

IETC Underweight 91 Positions Relative to SMHB

Symbol	Grade	Weight
SLG	B	-4.87%
XRX	F	-4.09%
DTM	B	-3.81%
BXMT	F	-3.43%
DSS	F	-2.87%
TWO	A	-2.87%
CIM	D	-2.62%
ETRN	A	-2.49%
BDN	B	-2.41%
BGS	B	-2.41%
SBRA	B	-2.38%
EPR	D	-2.34%
ABR	C	-2.21%
APAM	D	-2.02%
PAGP	B	-1.88%
UNIT	F	-1.86%
UWMC	C	-1.84%
ARR	C	-1.65%
NHI	A	-1.64%
ORC	B	-1.51%
CCOI	F	-1.51%
PSEC	F	-1.47%
IVR	C	-1.43%
DEA	C	-1.35%
PMT	A	-1.35%
MFA	B	-1.27%
RWT	D	-1.24%
CTRE	B	-1.16%
PETS	F	-1.13%
MAIN	A	-1.09%
HTGC	A	-1.03%
ARI	F	-1.02%
GNL	D	-1.01%
FCPT	C	-1.0%
EFC	C	-1.0%
PDM	B	-0.99%
GSBD	A	-0.94%
NEWT	D	-0.94%
NYMT	F	-0.93%
LTC	A	-0.91%
DX	C	-0.89%
KREF	F	-0.8%
VGR	F	-0.79%
NWBI	C	-0.77%
GBDC	A	-0.73%
CODI	D	-0.72%
VNOM	C	-0.65%
SCS	D	-0.65%
RC	C	-0.65%
ACRE	D	-0.64%
LADR	A	-0.62%
TSLX	B	-0.62%
HESM	C	-0.59%
UVV	B	-0.54%
OCSL	C	-0.54%
AROC	B	-0.53%
GMRE	D	-0.5%
ILPT	C	-0.49%
BRSP	F	-0.49%
WSR	D	-0.46%
ALX	C	-0.45%
GTY	C	-0.44%
OPI	C	-0.4%
RMR	B	-0.38%
NMFC	A	-0.38%
UHT	D	-0.36%
GPMT	D	-0.34%
CSWC	A	-0.34%
GOOD	A	-0.33%
FSP	F	-0.29%
TRTX	A	-0.29%
TCPC	D	-0.27%
AHH	C	-0.27%
CGBD	A	-0.25%
BCSF	A	-0.24%
TPVG	F	-0.23%
PFLT	B	-0.23%
SLRC	A	-0.23%
UVE	B	-0.22%
BBDC	A	-0.22%
KRO	A	-0.2%
EBF	D	-0.18%
GAIN	A	-0.17%
PNNT	B	-0.16%
OLP	A	-0.16%
FDUS	B	-0.16%
GLAD	A	-0.15%
BFS	F	-0.14%
TRIN	B	-0.12%
CCAP	A	-0.1%
REPX	F	-0.07%

IETC: Top Represented Industries & Keywords

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

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail Oil & Gas Midstream REIT - Residential Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers