MADE vs. GCAD ETF Comparison

Comparison of iShares U.S. Manufacturing ETF (MADE) to Gabelli Equity Income ETF (GCAD)

MADE

iShares U.S. Manufacturing ETF

MADE Description

The underlying index is designed to measure the performance of equity securities of U.S.-domiciled companies that are involved in manufacturing and manufacturing-related industries and that generate a certain amount of revenues in the U.S., among other eligibility criteria, as determined by SPDJI. The fund generally will invest at least 80% of its assets in the component securities of its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.98

Average Daily Volume

6,512

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GCAD

Gabelli Equity Income ETF

GCAD Description

The fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in securities in income producing equity securities including securities in the aerospace and defense sectors. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons.

Grade (RS Rating)

Last Trade

$35.93

Average Daily Volume

930

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MADE	GCAD
30 Days	8.00%	6.85%
60 Days	8.24%	6.25%
90 Days	11.47%	6.36%
12 Months		34.79%

18 Overlapping Holdings

Symbol	Grade	Weight in MADE	Weight in GCAD	Overlap
AIN	C	0.18%	2.5%	0.18%
BA	D	1.36%	8.08%	1.36%
CR	B	0.33%	3.68%	0.33%
CW	B	0.24%	3.96%	0.24%
GD	F	1.18%	1.88%	1.18%
HEI	B	0.2%	3.72%	0.2%
HON	B	3.98%	4.74%	3.98%
HWM	B	0.8%	3.42%	0.8%
KTOS	B	0.07%	1.04%	0.07%
LDOS	D	0.37%	2.92%	0.37%
LHX	C	0.75%	3.24%	0.75%
LMT	D	1.91%	4.32%	1.91%
MOG.A	B	0.11%	5.73%	0.11%
NOC	D	1.13%	3.23%	1.13%
RTX	D	2.65%	3.72%	2.65%
SPR	D	0.06%	6.93%	0.06%
TXT	D	0.24%	3.38%	0.24%
WWD	B	0.17%	3.94%	0.17%

MADE Overweight 80 Positions Relative to GCAD

Symbol	Grade	Weight
GM	B	4.47%
ETN	A	4.47%
PCAR	B	4.33%
APH	B	4.23%
CMI	A	4.08%
DE	B	4.04%
AME	A	3.67%
F	C	3.38%
TT	B	3.25%
PH	A	3.12%
ROK	B	2.55%
DOV	A	2.25%
CARR	C	2.21%
FTV	B	2.18%
HUBB	B	1.98%
JCI	C	1.93%
TDY	B	1.83%
SNA	A	1.55%
FSLR	F	1.55%
COHR	C	1.31%
TDG	D	1.14%
SWK	D	1.09%
NVT	B	1.06%
LECO	C	0.95%
RRX	A	0.93%
GNRC	B	0.9%
ALSN	B	0.83%
AYI	B	0.8%
AXON	B	0.78%
LII	A	0.73%
TTC	D	0.7%
ENPH	F	0.68%
FN	D	0.67%
PNR	B	0.62%
IEX	B	0.6%
MIDD	B	0.6%
MKSI	C	0.59%
OSK	B	0.58%
RIVN	D	0.56%
MSA	C	0.52%
GGG	B	0.52%
VNT	C	0.48%
THO	B	0.48%
LFUS	D	0.48%
FSS	B	0.47%
BC	C	0.44%
ITRI	B	0.42%
BDC	B	0.4%
BE	B	0.38%
AAON	B	0.34%
AEIS	B	0.34%
HOG	F	0.32%
ESE	B	0.31%
ENS	D	0.31%
AOS	D	0.3%
JBT	B	0.3%
SPXC	B	0.28%
LCII	C	0.26%
TRN	B	0.25%
CSWI	A	0.25%
GTLS	B	0.25%
CXT	B	0.23%
ATKR	C	0.22%
BMI	B	0.22%
WTS	B	0.21%
GT	C	0.21%
ZWS	A	0.19%
BWXT	B	0.18%
FELE	B	0.15%
MWA	B	0.15%
NPO	A	0.14%
LCID	F	0.13%
HII	F	0.13%
KBR	F	0.13%
FOXF	F	0.11%
SAIC	F	0.11%
PLUG	D	0.1%
ARRY	C	0.07%
SHLS	F	0.06%
SEDG	F	0.05%

MADE Underweight 13 Positions Relative to GCAD

Symbol	Grade	Weight
HXL	D	-6.04%
DCO	B	-5.35%
MRCY	B	-3.0%
GE	D	-2.94%
B	A	-2.3%
TGI	B	-2.08%
CDRE	D	-1.57%
RDW	B	-1.39%
PKE	B	-0.96%
AIR	B	-0.86%
ATRO	F	-0.82%
LLAP	D	-0.26%
MYNA	D	-0.18%