INRO vs. FCTR ETF Comparison

Comparison of BlackRock U.S. Industry Rotation ETF (INRO) to First Trust Lunt U.S. Factor Rotation ETF (FCTR)

INRO

BlackRock U.S. Industry Rotation ETF

INRO Description

INRO is targeted US equity exposure, actively managed by shifting the selection and weighting of the portfolio towards industries among the broad domestic market. Portfolio allocation is based on five potential sources of return: information regarding the current economic cycle, valuation, quality metrics, analyst expectation data and recent individual industry trends. The strategy aims to capture the potential alpha from the dispersion between industry allocations and the broad market. During temporary defensive periods, the fund may depart from this principal investment strategy to invest 100% of the portfolio in liquid, short-term securities. The fund may engage in active and frequent trading. Derivatives may also be used to seek returns or hedge exposure. Up to one-third of the value of the funds assets may be lending.

Grade (RS Rating)

Last Trade

$28.39

Average Daily Volume

3,548

Number of Holdings ^*

429

* may have additional holdings in another (foreign) market

FCTR

First Trust Lunt U.S. Factor Rotation ETF

FCTR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Lunt Capital Large Cap Factor Rotation Index (the "index"). The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index. The index is designed to provide exposure to U.S. large cap equities grouped into four separate factors, with factors emphasized within the index as they come into favor in the U.S. marketplace. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.76

Average Daily Volume

7,787

Number of Holdings ^*

166

* may have additional holdings in another (foreign) market

Performance

Period	INRO	FCTR
30 Days	5.09%	9.38%
60 Days	6.25%	12.16%
90 Days	7.10%	17.79%
12 Months		36.88%

116 Overlapping Holdings

Symbol	Grade	Weight in INRO	Weight in FCTR	Overlap
AAPL	C	5.76%	0.66%	0.66%
ACGL	D	0.05%	0.8%	0.05%
ADBE	C	0.32%	0.37%	0.32%
ADP	B	0.29%	1.1%	0.29%
ADSK	A	0.09%	0.42%	0.09%
AEP	D	0.32%	0.41%	0.32%
AFL	B	0.09%	0.4%	0.09%
ALNY	D	0.04%	0.43%	0.04%
AME	A	0.15%	0.22%	0.15%
AMT	D	0.11%	0.34%	0.11%
APO	B	0.01%	1.03%	0.01%
APP	B	0.1%	3.82%	0.1%
ARES	A	0.12%	1.04%	0.12%
ATO	A	0.05%	0.27%	0.05%
AVB	B	0.01%	0.43%	0.01%
AVGO	D	1.54%	0.43%	0.43%
AXON	A	0.02%	1.45%	0.02%
BR	A	0.08%	1.37%	0.08%
BRK.A	B	0.06%	0.24%	0.06%
BRO	B	0.04%	0.94%	0.04%
BSY	D	0.01%	0.37%	0.01%
BX	A	0.45%	0.36%	0.36%
CARR	D	0.42%	0.38%	0.38%
CB	C	0.17%	0.23%	0.17%
CDNS	B	0.12%	0.54%	0.12%
COST	B	0.47%	0.34%	0.34%
CRWD	B	0.12%	0.68%	0.12%
CSL	C	0.14%	0.33%	0.14%
CTAS	B	0.34%	1.05%	0.34%
DDOG	A	0.06%	0.56%	0.06%
DHI	D	0.33%	0.34%	0.33%
DUK	C	0.54%	0.49%	0.49%
EIX	B	0.21%	0.43%	0.21%
EME	C	0.19%	0.77%	0.19%
EQR	B	0.01%	0.4%	0.01%
ERIE	D	0.02%	0.45%	0.02%
ETN	A	0.48%	0.3%	0.3%
ETR	B	0.2%	0.5%	0.2%
EXC	C	0.25%	0.4%	0.25%
FAST	B	0.4%	0.52%	0.4%
FCNCA	A	0.05%	0.31%	0.05%
FDS	B	0.08%	0.9%	0.08%
FE	C	0.15%	0.5%	0.15%
FI	A	0.01%	0.92%	0.01%
FICO	B	0.08%	1.51%	0.08%
GLPI	C	0.02%	0.42%	0.02%
GWW	B	0.44%	0.28%	0.28%
HON	B	1.6%	0.24%	0.24%
HOOD	B	0.06%	0.92%	0.06%
HUBS	A	0.05%	0.55%	0.05%
HWM	A	0.02%	0.79%	0.02%
ICE	C	0.33%	0.77%	0.33%
INTU	C	0.26%	0.37%	0.26%
IRM	D	0.04%	0.61%	0.04%
ITW	B	0.15%	0.84%	0.15%
KKR	A	0.31%	0.68%	0.31%
KLAC	D	0.17%	0.32%	0.17%
LDOS	C	0.05%	0.8%	0.05%
LII	A	0.14%	0.37%	0.14%
LLY	F	0.57%	0.72%	0.57%
LMT	D	0.05%	0.45%	0.05%
LNG	B	0.09%	0.52%	0.09%
LNT	A	0.11%	0.49%	0.11%
MA	C	0.04%	1.36%	0.04%
MANH	D	0.03%	0.7%	0.03%
MCO	B	0.28%	0.39%	0.28%
MDB	C	0.01%	0.4%	0.01%
META	D	3.68%	0.45%	0.45%
MMC	B	0.16%	0.54%	0.16%
MPWR	F	0.06%	0.31%	0.06%
MSCI	C	0.16%	0.49%	0.16%
MSFT	F	4.24%	0.36%	0.36%
MSTR	C	0.1%	2.06%	0.1%
NET	B	0.01%	0.58%	0.01%
NOC	D	0.03%	0.4%	0.03%
NOW	A	0.3%	0.51%	0.3%
NVDA	C	7.62%	0.77%	0.77%
NVR	D	0.21%	0.36%	0.21%
OKE	A	0.12%	0.36%	0.12%
ORCL	B	0.45%	0.51%	0.45%
ORLY	B	0.21%	0.43%	0.21%
PANW	C	0.18%	0.5%	0.18%
PAYX	C	0.11%	1.42%	0.11%
PCAR	B	0.11%	0.19%	0.11%
PGR	A	0.23%	0.48%	0.23%
PH	A	0.17%	0.62%	0.17%
PHM	D	0.18%	0.42%	0.18%
PLTR	B	0.18%	2.43%	0.18%
PPL	B	0.05%	0.51%	0.05%
PSA	D	0.07%	0.34%	0.07%
PWR	A	0.37%	0.37%	0.37%
RIVN	F	0.01%	0.32%	0.01%
ROL	B	0.06%	0.9%	0.06%
ROP	B	0.09%	0.42%	0.09%
ROST	C	0.14%	0.47%	0.14%
RSG	A	0.2%	0.24%	0.2%
SBAC	D	0.03%	0.53%	0.03%
SNOW	C	0.01%	0.51%	0.01%
SNPS	B	0.12%	0.44%	0.12%
SO	D	0.6%	0.44%	0.44%
SPGI	C	0.55%	0.47%	0.47%
SYY	B	0.04%	0.77%	0.04%
TDG	D	0.03%	0.99%	0.03%
TJX	A	0.39%	0.6%	0.39%
TPL	A	0.05%	0.75%	0.05%
TRGP	B	0.08%	0.73%	0.08%
TT	A	0.65%	0.82%	0.65%
URI	B	0.47%	0.41%	0.41%
V	A	0.04%	1.34%	0.04%
VICI	C	0.05%	0.63%	0.05%
VRSK	A	0.09%	0.93%	0.09%
VRSN	F	0.01%	0.87%	0.01%
VRTX	F	0.15%	0.37%	0.15%
VST	B	0.19%	1.86%	0.19%
WM	A	0.37%	0.22%	0.22%
ZS	C	0.03%	0.53%	0.03%

INRO Overweight 313 Positions Relative to FCTR

Symbol	Grade	Weight
TMUS	B	4.56%
GOOGL	C	3.13%
GOOG	C	2.72%
JPM	A	1.74%
AMZN	C	1.47%
BXP	D	1.35%
TSLA	B	1.32%
HD	A	1.17%
AXP	A	1.14%
NEE	D	0.97%
XOM	B	0.95%
CBRE	B	0.87%
PM	B	0.87%
BAC	A	0.81%
MMM	D	0.76%
GS	A	0.64%
WFC	A	0.64%
CSGP	D	0.63%
VMC	B	0.59%
MLM	B	0.57%
MS	A	0.55%
UNP	C	0.54%
CVX	A	0.5%
UBER	D	0.49%
COF	B	0.48%
AMD	F	0.47%
CRM	B	0.45%
CEG	D	0.45%
WMT	A	0.45%
LOW	D	0.43%
SCHW	B	0.41%
MO	A	0.41%
TXN	C	0.39%
ABBV	D	0.39%
QCOM	F	0.39%
JCI	C	0.39%
JNJ	D	0.37%
CAT	B	0.35%
C	A	0.34%
GEV	B	0.31%
AMAT	F	0.3%
CME	A	0.3%
DFS	B	0.29%
LEN	D	0.28%
PCG	A	0.26%
CSX	B	0.25%
Z	A	0.25%
MRK	F	0.24%
XEL	A	0.24%
EMR	A	0.24%
COP	C	0.24%
TMO	F	0.24%
MU	D	0.23%
GRMN	B	0.22%
INTC	D	0.22%
NSC	B	0.22%
ADI	D	0.22%
WCN	A	0.21%
PNC	B	0.21%
CPRT	A	0.21%
DE	A	0.2%
USB	A	0.2%
AMGN	D	0.2%
COIN	C	0.2%
APH	A	0.19%
AMP	A	0.19%
LRCX	F	0.19%
DHR	F	0.19%
SYF	B	0.18%
WELL	A	0.18%
TFC	A	0.17%
ODFL	B	0.16%
WSO	A	0.16%
VRT	B	0.16%
MRVL	B	0.16%
EOG	A	0.15%
AZO	C	0.15%
BLDR	D	0.15%
NDAQ	A	0.14%
ES	D	0.14%
PFE	D	0.14%
GILD	C	0.14%
WMB	A	0.13%
RJF	A	0.13%
SW	A	0.13%
FCX	D	0.12%
MAS	D	0.12%
OC	A	0.12%
NXPI	D	0.12%
NRG	B	0.12%
EVRG	A	0.11%
REGN	F	0.11%
VLTO	D	0.11%
BK	A	0.11%
AON	A	0.11%
NEM	D	0.11%
ACM	A	0.11%
BMY	B	0.11%
AJG	B	0.1%
CMI	A	0.1%
PKG	A	0.1%
KMI	A	0.1%
PSX	C	0.1%
MPC	D	0.1%
ROK	B	0.1%
EQIX	A	0.1%
NTRS	A	0.1%
GLW	B	0.09%
GM	B	0.09%
TSCO	D	0.09%
IP	B	0.09%
AIG	B	0.09%
MTB	A	0.09%
TRV	B	0.09%
SLB	C	0.09%
MCHP	D	0.08%
EFX	F	0.08%
ZTS	D	0.08%
OTIS	C	0.08%
HUBB	B	0.08%
LPLA	A	0.08%
MET	A	0.08%
IR	B	0.08%
GE	D	0.08%
ALL	A	0.08%
TGT	F	0.08%
FITB	A	0.08%
VLO	C	0.08%
ALLE	D	0.08%
FTNT	C	0.08%
WDAY	B	0.08%
BALL	D	0.08%
BKR	B	0.07%
DELL	C	0.07%
HBAN	A	0.07%
WAB	B	0.07%
RF	A	0.07%
MELI	D	0.07%
PRU	A	0.07%
AMCR	D	0.07%
HES	B	0.07%
DLR	B	0.07%
AVY	D	0.07%
ACN	C	0.07%
CCI	D	0.06%
CFG	B	0.06%
JBHT	C	0.06%
XYL	D	0.06%
VTR	C	0.06%
KEYS	A	0.06%
ON	D	0.06%
AOS	F	0.06%
OXY	D	0.06%
TEAM	A	0.06%
FANG	D	0.06%
F	C	0.06%
HPQ	B	0.06%
FBIN	D	0.06%
RTX	C	0.06%
TW	A	0.06%
IBM	C	0.06%
IQV	D	0.05%
KR	B	0.05%
WTW	B	0.05%
A	D	0.05%
ANSS	B	0.05%
ULTA	F	0.05%
HPE	B	0.05%
CG	A	0.05%
CCK	C	0.05%
FTV	C	0.05%
TROW	B	0.05%
BURL	A	0.05%
CDW	F	0.05%
WSM	B	0.05%
BBY	D	0.05%
PINS	D	0.05%
HIG	B	0.05%
KEY	B	0.05%
DOV	A	0.05%
STT	A	0.05%
PNR	A	0.04%
SNA	A	0.04%
PTC	A	0.04%
ARE	D	0.04%
WDC	D	0.04%
TRMB	B	0.04%
UPS	C	0.04%
TYL	B	0.04%
CINF	A	0.04%
J	F	0.04%
MKL	A	0.04%
MKTX	D	0.04%
HAL	C	0.04%
FSLR	F	0.04%
CBOE	B	0.04%
DVN	F	0.04%
EQT	B	0.04%
PFG	D	0.04%
BA	F	0.04%
BAH	F	0.04%
ZBRA	B	0.04%
EXR	D	0.04%
NTAP	C	0.04%
TDY	B	0.04%
TRU	D	0.04%
SMCI	F	0.03%
SWK	D	0.03%
MRO	B	0.03%
DT	C	0.03%
EG	C	0.03%
WAT	B	0.03%
PSTG	D	0.03%
PAYC	B	0.03%
SWKS	F	0.03%
DAY	B	0.03%
ILMN	D	0.03%
NDSN	B	0.03%
GD	F	0.03%
CTRA	B	0.03%
WST	C	0.03%
WRB	A	0.03%
L	A	0.03%
BIIB	F	0.03%
DOC	D	0.03%
WY	D	0.03%
GGG	B	0.03%
ENTG	D	0.03%
LIN	D	0.03%
SNAP	C	0.03%
JBL	B	0.03%
DAL	C	0.03%
ZM	B	0.03%
TER	D	0.03%
IEX	B	0.03%
AES	F	0.03%
SSNC	B	0.03%
BEN	C	0.03%
STX	D	0.03%
DKS	C	0.03%
MTD	D	0.03%
KMX	B	0.03%
KNX	B	0.03%
INCY	C	0.02%
IT	C	0.02%
BMRN	D	0.02%
NBIX	C	0.02%
LUV	C	0.02%
MRNA	F	0.02%
TTC	D	0.02%
DINO	D	0.02%
DG	F	0.02%
SEIC	B	0.02%
ENPH	F	0.02%
AVTR	F	0.02%
AIZ	A	0.02%
ALLY	C	0.02%
AFG	A	0.02%
RVTY	F	0.02%
UHAL	D	0.02%
IOT	A	0.02%
UTHR	C	0.02%
BBWI	D	0.02%
CNH	C	0.02%
LHX	C	0.02%
MTCH	D	0.02%
OVV	B	0.02%
FDX	B	0.02%
DOCU	A	0.02%
EBAY	D	0.02%
GEN	B	0.02%
CPT	B	0.01%
CTVA	C	0.01%
FIS	C	0.01%
APD	A	0.01%
SUI	D	0.01%
DOW	F	0.01%
ACI	C	0.01%
SHW	A	0.01%
STLD	B	0.01%
TXT	D	0.01%
ESS	B	0.01%
RS	B	0.01%
MAA	B	0.01%
HEI	B	0.01%
INVH	D	0.01%
RPRX	D	0.01%
PYPL	B	0.01%
EPAM	C	0.01%
VTRS	A	0.01%
TWLO	A	0.01%
BIO	D	0.01%
CTLT	B	0.01%
DD	D	0.01%
UNH	C	0.01%
APA	D	0.01%
DLTR	F	0.01%
EXAS	D	0.01%
NUE	C	0.01%
CRL	C	0.01%
QRVO	F	0.01%
TECH	D	0.01%
CHRD	D	0.01%
GDDY	A	0.01%
CTSH	B	0.01%
LYB	F	0.0%
HII	D	0.0%
ECL	D	0.0%
CHRW	C	0.0%
FNF	B	0.0%
HEI	B	0.0%
WBA	F	0.0%
EXPD	D	0.0%

INRO Underweight 50 Positions Relative to FCTR

Symbol	Grade	Weight
MSI	B	-1.73%
SYK	C	-1.36%
ANET	C	-1.24%
CL	D	-1.01%
YUM	B	-0.95%
ISRG	A	-0.91%
THC	D	-0.81%
MCD	D	-0.65%
TTD	B	-0.59%
RCL	A	-0.56%
NI	A	-0.55%
KO	D	-0.52%
PG	A	-0.52%
TOL	B	-0.52%
TTWO	A	-0.51%
SRE	A	-0.5%
DRI	B	-0.49%
RBLX	C	-0.49%
WEC	A	-0.48%
DASH	A	-0.47%
NFLX	A	-0.47%
BSX	B	-0.47%
CMS	C	-0.46%
BLK	C	-0.45%
DPZ	C	-0.45%
AEE	A	-0.45%
ED	D	-0.43%
KDP	D	-0.42%
PPG	F	-0.41%
O	D	-0.41%
DXCM	D	-0.4%
DTE	C	-0.4%
MDT	D	-0.39%
BDX	F	-0.39%
KMB	D	-0.39%
AWK	D	-0.38%
LW	C	-0.37%
GIS	D	-0.35%
HCA	F	-0.33%
IDXX	F	-0.31%
BKNG	A	-0.29%
CPAY	A	-0.26%
CSCO	B	-0.25%
CHD	B	-0.23%
CMG	B	-0.22%
PEP	F	-0.2%
HSY	F	-0.19%
MDLZ	F	-0.19%
MNST	C	-0.19%
LECO	B	-0.17%