IETC vs. WBIF ETF Comparison

Comparison of iShares Evolved U.S. Technology ETF (IETC) to WBI Large Cap Tactical Value Shares (WBIF)

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

WBIF

WBI Large Cap Tactical Value Shares

WBIF Description

The investment seeks long-term capital appreciation and the potential for current income, while also seeking to protect principal during unfavorable market conditions. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the equity securities of large capitalization domestic and foreign companies which WBI Investments, Inc., the sub-advisor to the fund and an affiliate of Millington Securities Inc., the advisor, believes display an attractive discount in a company's intrinsic value relative to its market price, and up to 20% of its net assets in other tactical investment opportunities.

Grade (RS Rating)

Last Trade

$30.24

Average Daily Volume

1,622

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IETC	WBIF
30 Days	3.17%	3.91%
60 Days	5.58%	3.66%
90 Days	8.32%	4.44%
12 Months	39.98%	13.34%

4 Overlapping Holdings

Symbol	Grade	Weight in IETC	Weight in WBIF	Overlap
ACN	C	4.24%	3.98%	3.98%
ADP	B	0.07%	1.53%	0.07%
G	B	0.32%	1.44%	0.32%
MMC	B	0.18%	2.12%	0.18%

IETC Overweight 113 Positions Relative to WBIF

Symbol	Grade	Weight
AVGO	D	11.87%
NVDA	C	8.78%
AMZN	C	8.02%
MSFT	F	7.7%
CRM	B	3.82%
ORCL	B	3.5%
AAPL	C	2.42%
MSI	B	2.4%
GOOGL	C	2.34%
NOW	A	2.11%
VRSN	F	1.99%
IBM	C	1.92%
CSCO	B	1.85%
CDNS	B	1.84%
META	D	1.79%
ICE	C	1.6%
GOOG	C	1.44%
QCOM	F	1.35%
MANH	D	1.28%
FTNT	C	1.25%
ADBE	C	1.19%
GPN	B	1.12%
PH	A	0.99%
MA	C	0.95%
TEAM	A	0.84%
PANW	C	0.82%
NTAP	C	0.78%
EQIX	A	0.74%
ADSK	A	0.71%
SSNC	B	0.71%
AMD	F	0.7%
WDAY	B	0.69%
ABNB	C	0.66%
VRSK	A	0.64%
TYL	B	0.63%
IT	C	0.62%
TTD	B	0.62%
ZM	B	0.6%
PLTR	B	0.58%
ANET	C	0.58%
CDW	F	0.57%
MPWR	F	0.52%
LMT	D	0.41%
ANSS	B	0.4%
MU	D	0.39%
CSGP	D	0.37%
MCO	B	0.35%
KLAC	D	0.34%
CRWD	B	0.33%
TXN	C	0.3%
FDS	B	0.3%
MSTR	C	0.28%
COIN	C	0.28%
UBER	D	0.23%
TTEK	F	0.21%
DASH	A	0.21%
SNPS	B	0.2%
SQ	B	0.2%
BAH	F	0.2%
KEYS	A	0.18%
BSY	D	0.17%
QLYS	C	0.17%
TRU	D	0.17%
DDOG	A	0.16%
LRCX	F	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%
MSCI	C	0.12%
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%
INTU	C	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 39 Positions Relative to WBIF

Symbol	Grade	Weight
WRB	A	-4.74%
UHS	D	-4.68%
FIX	A	-4.58%
KBH	D	-4.54%
NXST	C	-4.43%
V	A	-4.26%
CI	F	-4.26%
DKS	C	-4.24%
PRU	A	-4.14%
UNM	A	-3.93%
MCK	B	-3.93%
AMAT	F	-3.55%
RGA	A	-3.26%
VOYA	B	-3.26%
OXY	D	-2.81%
PHM	D	-2.6%
CF	B	-1.86%
AXP	A	-1.53%
AME	A	-1.46%
PRI	A	-1.42%
PAYX	C	-1.39%
BR	A	-1.36%
TXRH	C	-1.33%
CASY	A	-1.28%
RMD	C	-1.23%
FLTR	A	-0.76%
FALN	B	-0.75%
AGZD	A	-0.75%
FTSL	B	-0.69%
ALSN	B	-0.67%
THG	A	-0.59%
DCI	B	-0.56%
GL	B	-0.55%
STIP	C	-0.54%
TOL	B	-0.54%
ALLE	D	-0.53%
CBT	C	-0.53%
DOX	D	-0.52%
BKLN	A	-0.32%

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