IZRL vs. IVLU ETF Comparison

Comparison of ARK Israel Innovative Technology ETF (IZRL) to iShares MSCI International Developed Value Factor ETF (IVLU)

IZRL

ARK Israel Innovative Technology ETF

IZRL Description

The ARK Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ARK Israeli Innovation Index, which is designed to track the price movements of exchange-listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (‘‘Israeli Companies’’) and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing.

Grade (RS Rating)

Last Trade

$19.31

Average Daily Volume

32,267

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IVLU

iShares MSCI International Developed Value Factor ETF

IVLU Description

The investment seeks to track the investment results of the MSCI World ex USA Enhanced Value Index. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents as well as in securities not included in the underlying index. The index is based on a traditional market capitalization-weighted parent index, the MSCI World ex USA Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.92

Average Daily Volume

276,850

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IZRL	IVLU
30 Days	-8.12%	-0.32%
60 Days	-6.51%	3.52%
90 Days	-0.80%	6.16%
12 Months	13.23%	16.50%

2 Overlapping Holdings

	Symbol	Grade	Weight in IZRL	Weight in IVLU	Overlap
	CHKP	C	2.14%	0.15%	0.15%
	TEVA	D	2.52%	0.48%	0.48%

IZRL Overweight 25 Positions Relative to IVLU

Symbol	Grade	Weight
NNOX	D	3.52%
SMWB	C	2.94%
CLBT	C	2.68%
RSKD	B	2.44%
FROG	C	2.44%
CGNT	C	2.42%
SPNS	A	2.37%
NICE	C	2.37%
CYBR	C	2.29%
MGIC	B	2.29%
URGN	F	2.18%
NGMS	A	2.17%
WIX	D	2.15%
ITRN	D	2.13%
MNDY	C	2.11%
TARO	A	2.09%
AUDC	F	2.05%
RDWR	C	2.04%
PLTK	D	1.95%
FVRR	D	1.7%
INMD	F	1.63%
SSYS	F	1.59%
WKME	F	1.57%
CRNT	D	0.01%
GMDA	F	0.0%

IZRL Underweight 17 Positions Relative to IVLU

Symbol	Grade	Weight
TM	D	-2.61%
NVS	B	-1.95%
STLA	C	-1.83%
MUFG	C	-1.16%
HMC	D	-0.98%
BCS	A	-0.88%
SMFG	C	-0.83%
LYG	A	-0.67%
MFG	A	-0.59%
STM	D	-0.56%
E	A	-0.43%
AER	A	-0.32%
NMR	D	-0.24%
GIB	D	-0.22%
AGCO	B	-0.14%
CCEP	B	-0.12%
TS	B	-0.05%