IFRA vs. NULC ETF Comparison

Comparison of iShares U.S. Infrastructure ETF (IFRA) to Nuveen ESG Large-Cap ETF (NULC)

IFRA

iShares U.S. Infrastructure ETF

IFRA Description

The investment seeks to track the investment results of the NYSE® FactSet U.S. Infrastructure Index (the "underlying index"), an index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The index is designed to measure the performance of equity securities of U.S. companies involved in U.S. focused infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.71

Average Daily Volume

312,633

Number of Holdings ^*

149

* may have additional holdings in another (foreign) market

NULC

Nuveen ESG Large-Cap ETF

NULC Description

The investment seeks to track the investment results, before fees and expenses, of the ICE BofAML Enhanced Yield 1-5 Year US Broad Bond Index (the "index"). Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in component securities of the index. The index is designed to broadly capture the 1-5 year U.S. investment grade fixed income market, as represented by a modified version of the ICE BofAML 1-5 Year US Broad Market Index.

Grade (RS Rating)

Last Trade

$48.57

Average Daily Volume

1,208

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	IFRA	NULC
30 Days	10.16%	4.11%
60 Days	11.20%	4.97%
90 Days	15.22%	7.73%
12 Months	40.46%	30.69%

10 Overlapping Holdings

Symbol	Grade	Weight in IFRA	Weight in NULC	Overlap
AWK	D	0.61%	0.44%	0.44%
ED	D	0.61%	0.65%	0.61%
EME	B	0.71%	0.19%	0.19%
EXC	D	0.65%	0.75%	0.65%
J	F	0.46%	0.32%	0.32%
LYB	F	0.42%	0.41%	0.41%
OKE	C	0.81%	1.3%	0.81%
STLD	B	0.62%	0.41%	0.41%
UNP	C	0.61%	0.04%	0.04%
URI	B	0.59%	0.47%	0.47%

IFRA Overweight 139 Positions Relative to NULC

Symbol	Grade	Weight
VST	B	1.43%
USLM	B	0.94%
CEG	D	0.92%
DTM	B	0.91%
KNTK	B	0.89%
CENX	B	0.89%
STRL	B	0.87%
KMI	B	0.86%
WMB	B	0.85%
CMP	C	0.84%
PRIM	A	0.82%
AGX	B	0.82%
ROAD	B	0.81%
MYRG	C	0.8%
NRG	C	0.8%
ETR	B	0.79%
LMB	B	0.78%
FIX	A	0.77%
MGEE	C	0.76%
TXNM	A	0.75%
CNP	A	0.74%
ATO	A	0.73%
IDA	B	0.73%
SRE	A	0.73%
PEG	A	0.73%
AEE	A	0.72%
XEL	A	0.72%
NI	A	0.72%
ENLC	B	0.71%
OGS	A	0.71%
NWN	A	0.7%
CPK	A	0.7%
MTZ	B	0.7%
AM	B	0.7%
OGE	A	0.7%
GBX	A	0.69%
PPL	B	0.69%
PNW	B	0.68%
MTRX	B	0.68%
SUM	B	0.68%
WEC	A	0.68%
SR	A	0.68%
LNT	A	0.68%
EVRG	A	0.68%
MLI	C	0.67%
MSEX	B	0.67%
NSC	A	0.67%
PCG	B	0.67%
CSX	B	0.67%
BKH	B	0.67%
GLDD	B	0.66%
NGVT	B	0.66%
PWR	A	0.66%
AWR	B	0.66%
GVA	B	0.66%
NWE	A	0.66%
KNF	B	0.65%
NWPX	B	0.65%
AGR	B	0.65%
D	C	0.65%
RYI	C	0.65%
CRS	B	0.65%
UTL	B	0.65%
TPC	C	0.64%
EIX	A	0.64%
DTE	C	0.64%
WTRG	B	0.64%
ALE	A	0.64%
AVA	B	0.64%
CMS	C	0.64%
HEES	B	0.63%
LXFR	B	0.63%
POR	C	0.63%
APOG	B	0.63%
SO	D	0.63%
BXC	B	0.63%
X	C	0.62%
AWI	B	0.62%
DUK	C	0.62%
AEP	D	0.61%
VMI	A	0.61%
HE	C	0.61%
NEE	D	0.61%
EXP	B	0.61%
SJW	D	0.6%
CWT	D	0.6%
OC	B	0.6%
FE	D	0.6%
ECVT	C	0.59%
ES	D	0.59%
ARTNA	F	0.59%
YORW	D	0.59%
LXU	C	0.59%
LPX	B	0.59%
FLR	B	0.59%
AZEK	B	0.58%
VMC	B	0.58%
CMC	B	0.58%
ASTE	C	0.58%
KALU	C	0.57%
ACM	A	0.57%
TRN	B	0.57%
RS	B	0.56%
MLM	B	0.56%
TREX	C	0.55%
ASIX	A	0.55%
BWMN	C	0.55%
OSK	B	0.54%
APG	B	0.54%
BCC	B	0.54%
SWX	B	0.54%
NFE	D	0.54%
CSL	B	0.53%
HWKN	A	0.53%
NUE	D	0.52%
ZEUS	C	0.52%
SSD	C	0.51%
ROCK	C	0.51%
TEX	D	0.51%
AESI	B	0.51%
XPEL	C	0.51%
EMN	D	0.51%
POOL	C	0.51%
CLF	F	0.5%
BLDR	C	0.5%
KOP	C	0.49%
MTUS	C	0.48%
ATI	D	0.48%
BLD	C	0.48%
OLN	F	0.48%
NVEE	F	0.47%
WLK	D	0.46%
IIIN	C	0.46%
WMS	F	0.44%
WOR	D	0.44%
MDU	F	0.37%
MATV	F	0.34%
NVRI	F	0.33%
TTEK	F	0.09%

IFRA Underweight 111 Positions Relative to NULC

Symbol	Grade	Weight
NVDA	C	-8.24%
MSFT	D	-6.71%
GOOGL	C	-2.91%
V	A	-2.21%
MA	B	-2.09%
LLY	F	-2.08%
TSLA	B	-1.95%
GOOG	C	-1.78%
FI	A	-1.75%
ETN	A	-1.74%
IBM	C	-1.71%
DIS	B	-1.66%
CRM	B	-1.59%
PGR	A	-1.58%
KO	D	-1.57%
MS	B	-1.57%
SPGI	C	-1.51%
MCK	C	-1.49%
PG	A	-1.47%
MMC	A	-1.38%
MELI	C	-1.32%
DHR	D	-1.31%
PNC	A	-1.28%
TJX	A	-1.28%
ECL	D	-1.2%
CARR	C	-1.18%
MCD	D	-1.17%
HCA	F	-1.16%
INTC	C	-1.07%
UPS	C	-1.06%
AMT	D	-1.01%
LNG	B	-0.98%
ADP	B	-0.97%
MRVL	B	-0.96%
AMGN	D	-0.96%
CMG	B	-0.96%
AMAT	F	-0.94%
C	A	-0.94%
SNPS	B	-0.91%
T	A	-0.88%
AXON	B	-0.87%
BKR	C	-0.86%
TGT	F	-0.8%
EW	C	-0.78%
LOW	C	-0.78%
CMCSA	C	-0.75%
PEP	F	-0.74%
AMD	F	-0.73%
HPQ	B	-0.71%
GILD	B	-0.69%
VEEV	B	-0.63%
TXN	D	-0.61%
CDNS	B	-0.6%
KEYS	B	-0.57%
ZTS	D	-0.56%
MMM	D	-0.56%
HPE	B	-0.54%
TEAM	B	-0.53%
NTAP	C	-0.5%
ADM	F	-0.5%
TRV	B	-0.49%
IRM	C	-0.46%
WST	C	-0.45%
EBAY	C	-0.45%
BKNG	B	-0.45%
ADBE	C	-0.45%
KR	A	-0.44%
CBOE	B	-0.43%
FTV	B	-0.43%
EQIX	A	-0.42%
WDC	C	-0.41%
TFC	B	-0.38%
STX	D	-0.38%
TRU	D	-0.37%
FSLR	F	-0.36%
HOOD	B	-0.36%
EA	C	-0.36%
HOLX	D	-0.35%
TRMB	B	-0.34%
BALL	D	-0.33%
DECK	A	-0.32%
VRTX	D	-0.3%
MCO	A	-0.3%
GS	B	-0.23%
FDX	B	-0.23%
JNPR	F	-0.22%
VZ	B	-0.22%
HD	A	-0.21%
SOLV	C	-0.2%
NEM	F	-0.19%
A	D	-0.19%
PANW	C	-0.18%
MOS	F	-0.16%
MKTX	D	-0.16%
LPLA	B	-0.13%
CAH	B	-0.13%
DINO	F	-0.13%
ACGL	D	-0.12%
NXPI	D	-0.1%
CI	D	-0.08%
USB	A	-0.07%
IT	C	-0.07%
AKAM	F	-0.07%
WELL	C	-0.07%
WTW	B	-0.05%
IDXX	F	-0.05%
DXCM	C	-0.03%
AZO	C	-0.03%
FBIN	D	-0.02%
BG	F	-0.01%
DOV	A	-0.01%