IMCV vs. SEF ETF Comparison

Comparison of iShares Morningstar Mid-Cap Value ETF (IMCV) to ProShares Short Financials (SEF)

IMCV

iShares Morningstar Mid-Cap Value ETF

IMCV Description

The investment seeks to track the investment results of the MorningstarÂ® US Mid Cap Broad Value IndexSM composed of mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by mid-capitalization companies that have exhibited âvalueâ characteristics as determined by Morningstar, Inc. (Morningstar or the index providerâ) proprietary index methodology.

Grade (RS Rating)

Last Trade

$76.50

Average Daily Volume

22,130

Number of Holdings ^*

303

* may have additional holdings in another (foreign) market

SEF

ProShares Short Financials

SEF Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$9.56

Average Daily Volume

70,673

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IMCV	SEF
30 Days	1.96%	-0.23%
60 Days	3.76%	-3.33%
90 Days	8.91%	-7.72%
12 Months	26.66%	-21.61%

56 Overlapping Holdings

Symbol	Grade	Weight in IMCV	Weight in SEF	Overlap
ACGL	B	0.53%	0.31%	0.31%
AFL	A	1.02%	0.66%	0.66%
AIG	D	0.88%	0.77%	0.77%
ALL	C	0.54%	0.64%	0.54%
ALLY	F	0.17%	0.19%	0.17%
AMP	B	0.28%	0.37%	0.28%
ARE	C	0.25%	0.32%	0.25%
AVB	C	0.3%	0.51%	0.3%
BK	B	0.98%	0.65%	0.65%
BXP	C	0.24%	0.34%	0.24%
CBRE	B	0.27%	0.34%	0.27%
CCI	C	0.93%	1.02%	0.93%
CFG	D	0.34%	0.3%	0.3%
CINF	C	0.24%	0.27%	0.24%
COF	B	1.03%	0.81%	0.81%
CPT	C	0.14%	0.18%	0.14%
DFS	C	0.27%	0.44%	0.27%
DLR	B	0.26%	0.44%	0.26%
DOC	B	0.3%	0.3%	0.3%
EG	B	0.31%	0.19%	0.19%
ELS	D	0.09%	0.22%	0.09%
EQH	C	0.24%	0.19%	0.19%
EQR	C	0.28%	0.48%	0.28%
ESS	C	0.19%	0.34%	0.19%
EXR	C	0.46%	0.24%	0.24%
FITB	B	0.54%	0.35%	0.35%
FNF	B	0.29%	0.22%	0.22%
HBAN	B	0.39%	0.26%	0.26%
HIG	B	0.63%	0.37%	0.37%
HST	D	0.24%	0.22%	0.22%
KEY	C	0.29%	0.32%	0.29%
L	D	0.27%	0.23%	0.23%
MAA	C	0.22%	0.26%	0.22%
MKL	C	0.14%	0.28%	0.14%
MTB	C	0.54%	0.36%	0.36%
NDAQ	C	0.32%	0.21%	0.21%
NTRS	C	0.35%	0.39%	0.35%
O	B	0.67%	0.42%	0.42%
PFG	B	0.37%	0.25%	0.25%
PRU	C	0.8%	0.66%	0.66%
PSA	C	0.55%	0.56%	0.55%
REG	C	0.14%	0.18%	0.14%
RF	B	0.39%	0.27%	0.27%
RJF	C	0.17%	0.2%	0.17%
SPG	B	0.96%	0.76%	0.76%
STT	B	0.49%	0.5%	0.49%
SYF	C	0.36%	0.36%	0.36%
TFC	D	1.03%	1.27%	1.03%
TROW	C	0.45%	0.52%	0.45%
TRV	C	0.57%	0.61%	0.57%
UDR	C	0.1%	0.23%	0.1%
VTR	C	0.31%	0.37%	0.31%
WPC	C	0.25%	0.24%	0.24%
WRB	D	0.13%	0.17%	0.13%
WTW	B	0.28%	0.44%	0.28%
WY	C	0.45%	0.39%	0.39%

IMCV Overweight 247 Positions Relative to SEF

Symbol	Grade	Weight
DHI	C	1.05%
NSC	C	1.03%
WMB	C	1.03%
OKE	C	1.02%
GM	C	1.0%
AEP	C	0.99%
SRE	B	0.96%
PCAR	D	0.94%
FIS	C	0.87%
LHX	C	0.82%
PEG	B	0.81%
LEN	B	0.8%
KMI	C	0.8%
F	F	0.79%
VLO	F	0.78%
GIS	B	0.76%
FERG	D	0.75%
KVUE	B	0.74%
EXC	B	0.73%
CNC	D	0.72%
KR	B	0.7%
CTSH	B	0.7%
HUM	F	0.69%
NUE	D	0.66%
HPQ	C	0.65%
XEL	B	0.65%
ED	B	0.65%
GLW	B	0.64%
VICI	C	0.63%
GEV	B	0.62%
EIX	B	0.61%
CHTR	D	0.59%
FANG	F	0.59%
KHC	C	0.56%
KMB	C	0.56%
WEC	B	0.55%
NVR	B	0.54%
LNG	D	0.53%
ADM	D	0.53%
BIIB	F	0.52%
URI	B	0.51%
NEM	C	0.51%
CARR	B	0.51%
D	C	0.5%
ETR	A	0.5%
KDP	B	0.49%
IFF	A	0.49%
CAH	C	0.49%
DVN	F	0.48%
DTE	A	0.48%
LYB	D	0.46%
HPE	C	0.45%
PCG	C	0.45%
SW	B	0.44%
PPL	A	0.44%
ES	B	0.43%
MCHP	D	0.43%
AEE	B	0.42%
FE	B	0.41%
CTVA	B	0.41%
WDC	C	0.4%
STX	B	0.4%
DOW	C	0.4%
K	A	0.39%
TEL	D	0.39%
ATO	B	0.38%
JCI	B	0.38%
EBAY	B	0.38%
OMC	B	0.37%
TRGP	C	0.37%
ON	D	0.36%
BBY	A	0.36%
BAX	C	0.36%
GEHC	B	0.36%
HOLX	D	0.35%
STZ	C	0.35%
PKG	B	0.35%
DD	B	0.35%
PPG	C	0.34%
CNP	C	0.34%
BKR	C	0.34%
STLD	C	0.34%
WBD	D	0.34%
DG	F	0.34%
CCL	C	0.34%
LH	D	0.34%
COR	F	0.33%
EXPD	B	0.33%
IRM	C	0.32%
PHM	B	0.32%
UAL	B	0.32%
DELL	C	0.32%
ZM	C	0.31%
IP	C	0.31%
DAL	C	0.31%
DGX	B	0.31%
RS	D	0.3%
THC	C	0.3%
AMCR	B	0.3%
SSNC	C	0.3%
MRO	D	0.29%
SWKS	F	0.29%
IQV	D	0.29%
GPN	D	0.29%
OTIS	B	0.29%
OC	C	0.28%
LNT	A	0.28%
NI	B	0.28%
CAG	B	0.28%
CF	B	0.28%
RGA	C	0.27%
KEYS	B	0.27%
CMI	B	0.26%
EVRG	B	0.26%
AWK	C	0.26%
GLPI	C	0.25%
AES	C	0.25%
CMS	B	0.25%
RNR	B	0.25%
VST	B	0.25%
BG	F	0.25%
UTHR	B	0.25%
VTRS	D	0.25%
RCL	B	0.24%
EMN	B	0.24%
NTAP	D	0.23%
HAL	F	0.23%
BLDR	C	0.23%
SJM	C	0.23%
JNPR	A	0.23%
LDOS	A	0.23%
HSY	D	0.23%
IPG	C	0.22%
NRG	B	0.22%
MRNA	F	0.22%
GPC	D	0.21%
LKQ	F	0.2%
VLTO	B	0.2%
OVV	F	0.2%
ZBH	F	0.2%
RPRX	C	0.2%
UNM	B	0.19%
EA	D	0.19%
TOL	A	0.19%
CNH	C	0.19%
NWSA	D	0.19%
DRI	C	0.19%
MAS	B	0.19%
CPNG	B	0.19%
TER	C	0.19%
MSTR	C	0.19%
CTRA	F	0.19%
TAP	D	0.18%
GRMN	D	0.18%
SOLV	D	0.18%
MKC	C	0.18%
SNA	B	0.18%
CPB	C	0.18%
ULTA	D	0.18%
LUV	C	0.18%
FOXA	B	0.18%
EXPE	C	0.17%
APA	F	0.17%
TDY	B	0.17%
CG	C	0.17%
AKAM	D	0.16%
TSCO	B	0.16%
TSN	D	0.16%
MOH	D	0.16%
AVY	C	0.16%
TXT	D	0.16%
APTV	D	0.16%
SWK	B	0.16%
RVTY	B	0.16%
FLEX	B	0.16%
BALL	C	0.16%
UHS	C	0.15%
DOV	B	0.15%
FTV	C	0.15%
DLTR	F	0.15%
PINS	D	0.15%
AR	C	0.15%
MOS	F	0.15%
DKNG	C	0.15%
CHK	C	0.15%
AVTR	C	0.14%
WAT	B	0.14%
ACI	F	0.14%
DINO	F	0.14%
CLX	C	0.14%
GEN	A	0.14%
FFIV	B	0.14%
DKS	D	0.13%
USFD	C	0.13%
TFX	B	0.13%
EQT	C	0.13%
POOL	C	0.13%
CCK	B	0.13%
AFG	C	0.12%
J	A	0.12%
WTRG	D	0.12%
CE	D	0.12%
ALGN	D	0.12%
ENTG	D	0.12%
WSM	C	0.12%
SIRI	C	0.11%
SNX	C	0.11%
HRL	F	0.11%
WBA	F	0.11%
BEN	F	0.11%
COO	C	0.11%
ALLE	B	0.1%
SCI	C	0.1%
CPAY	B	0.1%
RPM	B	0.1%
ACM	B	0.1%
EPAM	F	0.1%
JBL	C	0.1%
BLD	C	0.1%
JBHT	D	0.1%
BJ	D	0.1%
KMX	D	0.1%
TRMB	C	0.09%
INCY	C	0.09%
RRX	C	0.09%
BAH	B	0.09%
ALB	D	0.09%
MGM	D	0.09%
FOX	B	0.09%
QRVO	F	0.08%
DVA	B	0.08%
CASY	D	0.08%
UHAL	B	0.08%
PNR	B	0.08%
ZBRA	B	0.08%
XPO	D	0.08%
KIM	C	0.08%
CRL	F	0.07%
HII	F	0.07%
WLK	C	0.06%
NWS	D	0.06%
PAG	D	0.06%
AGR	C	0.05%
AOS	B	0.05%
LEN	B	0.03%
COTY	D	0.02%
UHAL	B	0.01%

IMCV Underweight 41 Positions Relative to SEF

Symbol	Grade	Weight
BRK.A	C	-7.56%
JPM	D	-7.27%
V	C	-5.88%
MA	B	-4.83%
BAC	D	-4.46%
WFC	D	-3.19%
C	C	-2.98%
AMT	C	-1.74%
AXP	B	-1.49%
GS	B	-1.34%
USB	C	-1.32%
CME	B	-1.25%
SPGI	C	-1.22%
MS	B	-1.19%
CB	B	-1.17%
PNC	C	-1.13%
BLK	B	-1.06%
PLD	C	-1.0%
MMC	C	-0.97%
SCHW	D	-0.93%
ICE	C	-0.91%
EQIX	B	-0.84%
AON	B	-0.83%
PGR	C	-0.75%
MCO	C	-0.7%
MET	B	-0.69%
BX	C	-0.67%
WELL	C	-0.59%
SBAC	C	-0.48%
MSCI	C	-0.4%
CSGP	D	-0.4%
AJG	D	-0.3%
INVH	D	-0.28%
MKTX	D	-0.24%
SUI	C	-0.24%
NLY	B	-0.23%
LNC	C	-0.2%
MPW	C	-0.19%
GL	D	-0.18%
FDS	C	-0.18%
VNO	B	-0.18%