KMID vs. IAI ETF Comparison

Comparison of Virtus KAR Mid-Cap ETF (KMID) to iShares U.S. Broker-Dealers ETF (IAI)

KMID

Virtus KAR Mid-Cap ETF

KMID Description

The fund advisor pursues long-term capital appreciation in the medium capitalization sector while seeking less market risk than the Russell Midcap® Index. The fund advisor invests in medium market capitalization companies believed by Kayne Anderson Rudnick Investment Management, LLC, the fund"s sub-adviser, to be undervalued relative to their future growth potential. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.60

Average Daily Volume

12,431

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IAI

iShares U.S. Broker-Dealers ETF

IAI Description

The investment seeks to track the investment results of an index composed of U.S. equities in the investment services sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the index. It seeks to track the investment results of the Dow Jones U.S. Select Investment Services Index (the "underlying index"), which measures the performance of the investment services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$150.77

Average Daily Volume

101,301

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KMID	IAI
30 Days	3.74%	10.55%
60 Days		18.10%
90 Days		19.69%
12 Months		57.52%

3 Overlapping Holdings

Symbol	Grade	Weight in KMID	Weight in IAI	Overlap
FDS	B	2.64%	2.25%	2.25%
LPLA	A	3.1%	2.81%	2.81%
MSCI	C	2.94%	4.03%	2.94%

KMID Overweight 22 Positions Relative to IAI

Symbol	Grade	Weight
AME	A	6.31%
TDY	B	4.11%
HEI	A	4.06%
EFX	F	3.98%
LII	A	3.97%
WST	C	3.92%
POOL	C	3.92%
ROST	D	3.88%
ODFL	C	3.82%
DPZ	C	3.82%
PNR	A	3.68%
VRSK	A	3.63%
WAB	B	3.57%
BRO	B	3.55%
NDSN	B	3.5%
ROL	B	3.42%
FICO	B	3.28%
BSY	F	3.25%
ALGN	D	2.92%
BR	A	2.92%
WRB	A	2.47%
MPWR	F	2.35%

KMID Underweight 29 Positions Relative to IAI

Symbol	Grade	Weight
GS	A	-14.35%
MS	A	-12.73%
SPGI	C	-12.62%
COIN	C	-6.64%
SCHW	B	-4.88%
NDAQ	A	-3.87%
CME	B	-3.82%
MCO	B	-3.78%
ICE	C	-3.67%
RJF	A	-3.56%
HOOD	B	-2.74%
CBOE	C	-2.48%
IBKR	A	-2.32%
TW	A	-1.8%
JEF	A	-1.44%
SF	B	-1.43%
EVR	B	-1.29%
MKTX	D	-1.2%
HLI	A	-1.18%
MORN	B	-1.11%
LAZ	B	-0.76%
PIPR	A	-0.64%
PJT	A	-0.47%
MC	C	-0.47%
BGC	C	-0.43%
VIRT	A	-0.37%
SNEX	B	-0.33%
DFIN	D	-0.2%
LPRO	B	-0.08%