QUAL vs. NULC ETF Comparison

Comparison of iShares MSCI USA Quality Factor ETF (QUAL) to Nuveen ESG Large-Cap ETF (NULC)

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.75

Average Daily Volume

893,947

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

NULC

Nuveen ESG Large-Cap ETF

NULC Description

The investment seeks to track the investment results, before fees and expenses, of the ICE BofAML Enhanced Yield 1-5 Year US Broad Bond Index (the "index"). Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in component securities of the index. The index is designed to broadly capture the 1-5 year U.S. investment grade fixed income market, as represented by a modified version of the ICE BofAML 1-5 Year US Broad Market Index.

Grade (RS Rating)

Last Trade

$48.43

Average Daily Volume

1,139

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	QUAL	NULC
30 Days	1.61%	2.83%
60 Days	2.39%	5.29%
90 Days	3.34%	7.13%
12 Months	30.86%	30.46%

38 Overlapping Holdings

Symbol	Grade	Weight in QUAL	Weight in NULC	Overlap
A	D	0.2%	0.19%	0.19%
ACGL	D	0.26%	0.12%	0.12%
ADBE	C	1.76%	0.47%	0.47%
ADP	B	1.75%	0.97%	0.97%
AMAT	F	1.17%	0.99%	0.99%
CBOE	B	0.14%	0.4%	0.14%
CDNS	B	0.58%	0.57%	0.57%
CMG	B	1.26%	0.97%	0.97%
DECK	A	0.49%	0.31%	0.31%
EA	A	0.2%	0.35%	0.2%
ED	D	0.5%	0.64%	0.5%
EME	C	0.17%	0.18%	0.17%
EW	C	0.24%	0.72%	0.24%
GOOG	C	1.55%	1.92%	1.55%
GOOGL	C	1.77%	3.13%	1.77%
IDXX	F	0.3%	0.05%	0.05%
KEYS	A	0.15%	0.53%	0.15%
KO	D	1.43%	1.55%	1.43%
LLY	F	3.42%	2.26%	2.26%
LPLA	A	0.17%	0.13%	0.13%
MA	C	4.22%	2.14%	2.14%
MCO	B	0.53%	0.3%	0.3%
MKTX	D	0.07%	0.17%	0.07%
MMC	B	0.74%	1.38%	0.74%
MMM	D	0.5%	0.57%	0.5%
MSFT	F	4.5%	6.83%	4.5%
NTAP	C	0.21%	0.47%	0.21%
NVDA	C	6.93%	8.29%	6.93%
PEP	F	1.1%	0.75%	0.75%
SNPS	B	0.51%	0.9%	0.51%
SOLV	C	0.05%	0.2%	0.05%
TJX	A	2.03%	1.27%	1.27%
TXN	C	1.34%	0.65%	0.65%
V	A	4.5%	2.2%	2.2%
VEEV	C	0.16%	0.69%	0.16%
VRTX	F	0.62%	0.32%	0.32%
WST	C	0.12%	0.45%	0.12%
ZTS	D	0.51%	0.55%	0.51%

QUAL Overweight 85 Positions Relative to NULC

Symbol	Grade	Weight
AAPL	C	5.44%
META	D	4.09%
UNH	C	2.81%
COST	B	2.55%
JNJ	D	2.15%
NFLX	A	1.76%
CSCO	B	1.74%
COP	C	1.73%
ACN	C	1.67%
NKE	D	1.41%
CAT	B	1.4%
QCOM	F	1.15%
LIN	D	1.14%
LMT	D	1.08%
BLK	C	0.99%
SRE	A	0.93%
SLB	C	0.89%
KLAC	D	0.77%
ANET	C	0.73%
ITW	B	0.73%
LRCX	F	0.73%
PLD	D	0.71%
DHI	D	0.7%
PEG	A	0.69%
LULU	C	0.66%
CTAS	B	0.6%
GWW	B	0.59%
TPL	A	0.58%
SHW	A	0.57%
PSA	D	0.55%
CME	A	0.52%
NVR	D	0.52%
APH	A	0.5%
PAYX	C	0.49%
GRMN	B	0.48%
TSCO	D	0.43%
PHM	D	0.43%
AFL	B	0.42%
FAST	B	0.42%
ATO	A	0.4%
APD	A	0.35%
CBRE	B	0.35%
ODFL	B	0.34%
AMP	A	0.33%
ULTA	F	0.31%
WSM	B	0.29%
BBY	D	0.29%
FERG	B	0.28%
CSGP	D	0.26%
AVB	B	0.24%
ROK	B	0.22%
POOL	C	0.22%
EQT	B	0.22%
VLTO	D	0.21%
MNST	C	0.21%
MANH	D	0.2%
APA	D	0.19%
TROW	B	0.19%
MPWR	F	0.18%
EQR	B	0.18%
RMD	C	0.17%
PPG	F	0.15%
HSY	F	0.15%
WAT	B	0.13%
ROL	B	0.12%
WSO	A	0.12%
FDS	B	0.12%
EXPD	D	0.12%
GGG	B	0.11%
OMC	C	0.1%
PKG	A	0.1%
ERIE	D	0.09%
RS	B	0.09%
MOH	F	0.09%
JKHY	D	0.09%
AVY	D	0.08%
PAYC	B	0.08%
UTHR	C	0.08%
SEIC	B	0.07%
ENPH	F	0.06%
SMCI	F	0.06%
AOS	F	0.06%
AFG	A	0.06%
IPG	D	0.05%
WBA	F	0.03%

QUAL Underweight 83 Positions Relative to NULC

Symbol	Grade	Weight
TSLA	B	-1.88%
ETN	A	-1.72%
FI	A	-1.71%
IBM	C	-1.62%
CRM	B	-1.6%
PGR	A	-1.57%
MS	A	-1.53%
SPGI	C	-1.48%
MCK	B	-1.46%
DIS	B	-1.45%
PG	A	-1.41%
DHR	F	-1.33%
MELI	D	-1.31%
PNC	B	-1.3%
HCA	F	-1.21%
ECL	D	-1.21%
OKE	A	-1.2%
MCD	D	-1.2%
CARR	D	-1.16%
INTC	D	-1.05%
UPS	C	-1.04%
TGT	F	-1.02%
AMGN	D	-0.98%
AMT	D	-0.96%
MRVL	B	-0.95%
C	A	-0.94%
LNG	B	-0.93%
T	A	-0.85%
BKR	B	-0.83%
AXON	A	-0.81%
LOW	D	-0.79%
AMD	F	-0.76%
CMCSA	B	-0.75%
EXC	C	-0.73%
GILD	C	-0.72%
HPQ	B	-0.69%
HPE	B	-0.54%
TEAM	A	-0.51%
URI	B	-0.49%
TRV	B	-0.48%
ADM	D	-0.48%
EBAY	D	-0.45%
IRM	D	-0.44%
KR	B	-0.44%
BKNG	A	-0.43%
FTV	C	-0.42%
STLD	B	-0.41%
LYB	F	-0.41%
AWK	D	-0.41%
WDC	D	-0.4%
EQIX	A	-0.4%
STX	D	-0.38%
TRU	D	-0.38%
TFC	A	-0.37%
HOLX	D	-0.36%
J	F	-0.35%
FSLR	F	-0.35%
TRMB	B	-0.34%
BALL	D	-0.33%
HOOD	B	-0.33%
JNPR	F	-0.24%
GS	A	-0.23%
FDX	B	-0.22%
VZ	C	-0.21%
HD	A	-0.2%
NEM	D	-0.18%
PANW	C	-0.18%
MOS	F	-0.16%
CAH	B	-0.13%
DINO	D	-0.13%
NXPI	D	-0.09%
CI	F	-0.08%
AKAM	D	-0.07%
WELL	A	-0.07%
IT	C	-0.07%
USB	A	-0.06%
WTW	B	-0.05%
AZO	C	-0.04%
UNP	C	-0.04%
DXCM	D	-0.03%
FBIN	D	-0.02%
BG	F	-0.01%
DOV	A	-0.01%