IFRA vs. PVAL ETF Comparison

Comparison of iShares U.S. Infrastructure ETF (IFRA) to Putnam Focused Large Cap Value ETF (PVAL)

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

$44.56

Average Daily Volume

242,209

Number of Holdings ^*

154

* may have additional holdings in another (foreign) market

PVAL

Putnam Focused Large Cap Value ETF

PVAL Description

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq U.S. Contrarian Value Index (the index). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities in the Nasdaq US Large Mid Cap Index (the parent index) that appear to be undervalued by the market relative to their fundamental value.

Grade (RS Rating)

Last Trade

$36.46

Average Daily Volume

194,967

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IFRA	PVAL
30 Days	8.02%	6.24%
60 Days	7.89%	5.65%
90 Days	11.66%	12.04%
12 Months	22.68%	33.98%

5 Overlapping Holdings

Symbol	Grade	Weight in IFRA	Weight in PVAL	Overlap
CEG	B	0.85%	2.23%	0.85%
EMN	B	0.57%	1.36%	0.57%
EXC	C	0.72%	1.53%	0.72%
NRG	B	0.96%	2.65%	0.96%
URI	B	0.49%	3.26%	0.49%

IFRA Overweight 149 Positions Relative to PVAL

Symbol	Grade	Weight
VST	B	1.12%
NEE	A	0.91%
ETRN	B	0.86%
MGEE	C	0.86%
CENX	C	0.81%
TPC	B	0.81%
D	B	0.79%
ARTNA	C	0.79%
PEG	A	0.79%
CRS	A	0.79%
AGR	A	0.79%
SO	B	0.78%
CWT	C	0.77%
KNTK	B	0.76%
DTM	A	0.76%
AVA	C	0.76%
XEL	D	0.75%
IDA	C	0.75%
WTRG	C	0.75%
EIX	A	0.75%
EVRG	C	0.75%
DUK	A	0.75%
PNW	C	0.75%
NI	A	0.74%
OGE	B	0.74%
ETR	A	0.74%
WMB	B	0.74%
ED	B	0.74%
KMI	A	0.74%
ALE	B	0.74%
AWK	C	0.74%
PPL	A	0.74%
MSEX	D	0.74%
AWR	C	0.73%
FE	B	0.73%
USLM	B	0.73%
SRE	A	0.73%
BKH	C	0.73%
POR	C	0.73%
OGS	D	0.72%
LNT	B	0.72%
WEC	C	0.72%
CPK	C	0.72%
CNP	B	0.72%
AM	A	0.72%
PCG	A	0.72%
OKE	B	0.72%
ENLC	C	0.71%
DTE	B	0.71%
AEP	B	0.71%
NWE	C	0.71%
AGX	B	0.71%
YORW	C	0.71%
CMS	B	0.71%
UTL	A	0.7%
AEE	C	0.7%
NWN	C	0.69%
PNM	D	0.69%
SR	C	0.69%
ATO	C	0.69%
SJW	D	0.69%
ES	C	0.69%
KALU	B	0.67%
SLCA	C	0.66%
UNP	B	0.64%
PRIM	B	0.62%
HE	D	0.62%
LXU	C	0.62%
MTZ	C	0.62%
ATI	B	0.61%
LXFR	C	0.61%
GVA	B	0.61%
VMI	C	0.61%
TRN	B	0.61%
TTEK	B	0.6%
NWPX	B	0.6%
CSL	B	0.6%
AESI	B	0.6%
NGVT	C	0.6%
LPX	A	0.59%
CSX	D	0.59%
NSC	D	0.59%
APOG	B	0.58%
EME	A	0.58%
OC	B	0.58%
STRL	A	0.57%
MLI	B	0.57%
MDU	B	0.57%
ROAD	B	0.56%
NFE	F	0.56%
WLK	B	0.56%
TEX	C	0.55%
OSK	C	0.54%
PWR	B	0.54%
MTUS	C	0.54%
HWKN	C	0.54%
FIX	B	0.53%
WMS	B	0.53%
SWX	B	0.53%
CMC	B	0.53%
EXP	B	0.52%
ECVT	F	0.52%
FLR	D	0.52%
BLD	C	0.51%
GBX	C	0.51%
MLM	C	0.51%
OLN	C	0.51%
GLDD	B	0.51%
KNF	C	0.51%
NVRI	D	0.5%
MATV	D	0.5%
STLD	D	0.5%
LYB	D	0.5%
ACM	D	0.5%
LMB	B	0.49%
APG	D	0.49%
BCC	C	0.49%
HAYN	D	0.49%
VMC	B	0.49%
OFLX	F	0.48%
AWI	D	0.48%
SUM	C	0.47%
WOR	D	0.47%
ROCK	D	0.47%
NVEE	F	0.46%
AZEK	C	0.46%
TREX	D	0.46%
POOL	D	0.46%
BWMN	D	0.46%
J	D	0.46%
NUE	D	0.45%
RS	D	0.45%
ASIX	F	0.45%
MTRX	D	0.45%
MYRG	D	0.45%
IIIN	F	0.45%
CLF	F	0.42%
HEES	F	0.42%
BLDR	D	0.42%
ASTE	F	0.42%
SSD	D	0.41%
X	D	0.4%
BXC	D	0.4%
KOP	F	0.4%
ZEUS	F	0.39%
ALTG	F	0.38%
RYI	F	0.34%
XPEL	F	0.33%
CMP	F	0.27%

IFRA Underweight 39 Positions Relative to PVAL

Symbol	Grade	Weight
XOM	B	-4.03%
BAC	B	-3.43%
ORCL	C	-3.4%
APO	B	-3.22%
MSFT	B	-3.17%
REGN	B	-2.9%
COP	D	-2.87%
C	A	-2.86%
CI	D	-2.73%
TMO	B	-2.63%
HLT	D	-2.57%
GS	A	-2.52%
MCK	B	-2.43%
AIG	C	-2.38%
PHM	A	-2.36%
FCX	B	-2.34%
SNY	C	-2.27%
NXPI	A	-2.24%
FDX	D	-2.18%
JCI	B	-2.16%
GLPI	C	-2.15%
IR	C	-2.14%
KO	B	-2.03%
PG	B	-1.95%
WMT	D	-1.9%
SCHW	A	-1.85%
GM	B	-1.84%
VLO	D	-1.8%
QCOM	B	-1.78%
ORLY	D	-1.7%
BJ	B	-1.59%
NOC	C	-1.44%
BALL	B	-1.42%
CTVA	C	-1.39%
LUV	F	-1.36%
TMUS	C	-1.23%
CHTR	F	-0.88%
AMT	D	-0.6%
COF	B	-0.19%