VLUE vs. WOMN ETF Comparison

Comparison of iShares MSCI USA Value Factor (VLUE) to Impact Shares YWCA Womenas Empowerment ETF (WOMN)

VLUE

iShares MSCI USA Value Factor

VLUE Description

The investment seeks to track the performance of MSCI USA Value Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, before fees and expenses. The fund 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 MSCI USA Value Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$114.13

Average Daily Volume

324,164

Number of Holdings ^*

148

* may have additional holdings in another (foreign) market

WOMN

Impact Shares YWCA Womenas Empowerment ETF

WOMN Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar® Women's Empowerment Index (the "underlying index"). The fund will, under normal circumstances, invest at least 80% of its total assets plus any borrowings for investment purposes (the "80% basket") in component securities of the underlying index. The underlying index is designed to measure the performance of U.S. large and mid- capitalization companies that are "empowering to women," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index (the "parent index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.79

Average Daily Volume

1,896

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	VLUE	WOMN
30 Days	4.45%	2.87%
60 Days	5.68%	2.73%
90 Days	7.63%	5.77%
12 Months	25.66%	26.34%

51 Overlapping Holdings

Symbol	Grade	Weight in VLUE	Weight in WOMN	Overlap
ADM	D	0.65%	0.15%	0.15%
AIG	B	0.5%	0.24%	0.24%
BAC	A	2.25%	1.25%	1.25%
BBY	D	0.38%	0.16%	0.16%
BK	A	0.47%	0.22%	0.22%
BMY	B	1.55%	0.43%	0.43%
C	A	1.78%	0.56%	0.56%
CAG	D	0.23%	0.07%	0.07%
CFG	B	0.26%	0.04%	0.04%
CI	F	1.37%	0.5%	0.5%
CMI	A	0.6%	0.2%	0.2%
COF	B	0.66%	0.24%	0.24%
CSCO	B	6.43%	1.92%	1.92%
D	C	0.47%	0.23%	0.23%
DAL	C	0.25%	0.12%	0.12%
DOW	F	0.23%	0.17%	0.17%
ELV	F	0.97%	0.59%	0.59%
EXPE	B	0.48%	0.15%	0.15%
F	C	1.68%	0.46%	0.46%
FITB	A	0.21%	0.13%	0.13%
GILD	C	1.29%	0.46%	0.46%
GM	B	3.6%	0.49%	0.49%
GPN	B	0.21%	0.14%	0.14%
HBAN	A	0.17%	0.09%	0.09%
HIG	B	0.22%	0.16%	0.16%
HPE	B	1.4%	0.19%	0.19%
HPQ	B	1.19%	0.36%	0.36%
HST	C	0.23%	0.06%	0.06%
IBM	C	3.86%	1.64%	1.64%
INTC	D	3.65%	0.81%	0.81%
JCI	C	0.61%	0.22%	0.22%
KEY	B	0.13%	0.08%	0.08%
KHC	F	0.74%	0.16%	0.16%
KR	B	0.75%	0.17%	0.17%
LUV	C	0.12%	0.07%	0.07%
MET	A	0.46%	0.22%	0.22%
OC	A	0.36%	0.07%	0.07%
PCG	A	0.63%	0.18%	0.18%
PPL	B	0.32%	0.1%	0.1%
PRU	A	0.45%	0.19%	0.19%
RF	A	0.2%	0.1%	0.1%
SJM	D	0.22%	0.06%	0.06%
STT	A	0.26%	0.11%	0.11%
SWK	D	0.1%	0.07%	0.07%
SYF	B	0.24%	0.09%	0.09%
TAP	C	0.38%	0.05%	0.05%
TEL	B	1.02%	0.43%	0.43%
USB	A	0.48%	0.35%	0.35%
VST	B	0.45%	0.14%	0.14%
VZ	C	2.91%	0.82%	0.82%
WFC	A	1.92%	0.95%	0.95%

VLUE Overweight 97 Positions Relative to WOMN

Symbol	Grade	Weight
T	A	6.04%
AMAT	F	2.37%
PFE	D	2.07%
RTX	C	1.77%
LEN	D	1.49%
CVS	D	1.46%
MO	A	1.45%
GS	A	1.43%
DHI	D	1.4%
SPG	B	1.26%
FDX	B	1.18%
NXPI	D	1.12%
GLW	B	1.1%
CTSH	B	1.1%
PHM	D	0.94%
DELL	C	0.84%
VLO	C	0.78%
URI	B	0.77%
PCAR	B	0.76%
WBD	C	0.7%
ON	D	0.67%
FANG	D	0.6%
CNC	D	0.57%
WY	D	0.55%
TFC	A	0.54%
LHX	C	0.53%
NTAP	C	0.52%
ZM	B	0.47%
SWKS	F	0.46%
VTRS	A	0.45%
NUE	C	0.45%
MRO	B	0.44%
TSN	B	0.44%
GEN	B	0.42%
FSLR	F	0.38%
FFIV	B	0.37%
BLDR	D	0.36%
CTRA	B	0.35%
TWLO	A	0.34%
FOXA	B	0.33%
OVV	B	0.33%
JNPR	F	0.33%
WAB	B	0.32%
JBL	B	0.31%
MTB	A	0.31%
EQT	B	0.28%
PARA	C	0.27%
EVRG	A	0.27%
STLD	B	0.27%
SSNC	B	0.25%
LKQ	D	0.24%
LH	C	0.24%
TXT	D	0.24%
UTHR	C	0.23%
ATO	A	0.23%
AZPN	A	0.23%
SNA	A	0.23%
WBA	F	0.22%
LYB	F	0.22%
ES	D	0.22%
BG	F	0.2%
EXE	B	0.2%
LDOS	C	0.19%
IP	B	0.19%
MAA	B	0.19%
RPRX	D	0.19%
DGX	A	0.19%
KNX	B	0.19%
FOX	A	0.18%
UHS	D	0.18%
QRVO	F	0.18%
EG	C	0.17%
MOS	F	0.17%
CNH	C	0.17%
CF	B	0.16%
DINO	D	0.16%
APA	D	0.15%
AKAM	D	0.14%
SOLV	C	0.14%
L	A	0.13%
APTV	D	0.13%
CPT	B	0.13%
SW	A	0.13%
FCNCA	A	0.12%
EQH	B	0.12%
ACI	C	0.12%
UHAL	D	0.11%
FBIN	D	0.11%
NLY	C	0.11%
ALLY	C	0.1%
EMN	D	0.1%
FNF	B	0.09%
HII	D	0.09%
DVA	B	0.08%
BEN	C	0.06%
WLK	D	0.05%
BIO	D	0.05%

VLUE Underweight 147 Positions Relative to WOMN

Symbol	Grade	Weight
AAPL	C	-5.02%
META	D	-4.85%
AMZN	C	-4.47%
LLY	F	-3.49%
XOM	B	-2.53%
MSFT	F	-2.49%
UNH	C	-2.47%
CRM	B	-2.27%
ADBE	C	-2.23%
MCD	D	-2.04%
V	A	-1.94%
ACN	C	-1.9%
PG	A	-1.82%
JNJ	D	-1.82%
MA	C	-1.77%
INTU	C	-1.56%
ABBV	D	-1.55%
NOW	A	-1.42%
CVX	A	-1.31%
MRK	F	-1.3%
KO	D	-1.25%
UBER	D	-1.22%
PEP	F	-1.17%
SBUX	A	-1.03%
GE	D	-0.88%
AMGN	D	-0.82%
WMT	A	-0.73%
NFLX	A	-0.72%
UNP	C	-0.71%
SPGI	C	-0.7%
AXP	A	-0.7%
PGR	A	-0.67%
COP	C	-0.65%
MSI	B	-0.63%
MS	A	-0.6%
BLK	C	-0.6%
ETN	A	-0.59%
REGN	F	-0.55%
VRTX	F	-0.54%
WDAY	B	-0.51%
ADP	B	-0.5%
AMT	D	-0.49%
MDLZ	F	-0.47%
ADSK	A	-0.45%
UPS	C	-0.43%
TT	A	-0.39%
EQIX	A	-0.39%
CL	D	-0.39%
WM	A	-0.37%
TGT	F	-0.36%
MPWR	F	-0.36%
TMUS	B	-0.36%
YUM	B	-0.36%
PYPL	B	-0.34%
MMM	D	-0.33%
WELL	A	-0.33%
MCO	B	-0.33%
LULU	C	-0.29%
EBAY	D	-0.29%
DECK	A	-0.28%
EMR	A	-0.28%
APD	A	-0.27%
ECL	D	-0.27%
PSX	C	-0.26%
CARR	D	-0.26%
HUBS	A	-0.26%
NEM	D	-0.26%
NSC	B	-0.25%
KEYS	A	-0.25%
ANSS	B	-0.25%
FTV	C	-0.24%
WMB	A	-0.24%
SRE	A	-0.23%
AEP	D	-0.23%
KMB	D	-0.22%
TYL	B	-0.22%
AMP	A	-0.21%
ALL	A	-0.21%
RSG	A	-0.19%
EXC	C	-0.19%
GIS	D	-0.19%
GWW	B	-0.19%
PEG	A	-0.18%
CTVA	C	-0.18%
PAYX	C	-0.18%
VRSK	A	-0.17%
BKR	B	-0.17%
DASH	A	-0.17%
OXY	D	-0.17%
ED	D	-0.16%
EA	A	-0.16%
IR	B	-0.16%
CBRE	B	-0.16%
EIX	B	-0.15%
IRM	D	-0.15%
DD	D	-0.15%
XYL	D	-0.15%
WSM	B	-0.15%
ROK	B	-0.14%
OKTA	C	-0.14%
CAH	B	-0.13%
HSY	F	-0.13%
A	D	-0.13%
WTW	B	-0.13%
BIIB	F	-0.13%
PPG	F	-0.13%
IFF	D	-0.12%
ETR	B	-0.12%
VTR	C	-0.11%
SCI	B	-0.11%
EL	F	-0.11%
TROW	B	-0.11%
CHD	B	-0.11%
AWK	D	-0.11%
RJF	A	-0.1%
CMS	C	-0.09%
BAX	D	-0.09%
OMC	C	-0.09%
BAH	F	-0.09%
INVH	D	-0.09%
K	A	-0.09%
BMRN	D	-0.08%
CNP	B	-0.08%
DAY	B	-0.08%
PFG	D	-0.08%
PINS	D	-0.08%
NTRS	A	-0.08%
ESS	B	-0.08%
TRU	D	-0.08%
CLX	B	-0.08%
LNT	A	-0.07%
DOC	D	-0.07%
IPG	D	-0.06%
CE	F	-0.06%
NI	A	-0.06%
ETSY	D	-0.06%
PNR	A	-0.06%
CPB	D	-0.05%
REXR	F	-0.05%
ALB	C	-0.05%
ELS	C	-0.05%
Z	A	-0.04%
PNW	B	-0.04%
MTCH	D	-0.04%
RHI	B	-0.03%
AGR	B	-0.01%
ZG	A	-0.01%