BELT vs. CWS ETF Comparison

Comparison of BlackRock Long-Term U.S. Equity ETF (BELT) to AdvisorShares Focused Equity ETF (CWS)

BELT

BlackRock Long-Term U.S. Equity ETF

BELT Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of U.S. issuers and derivatives with similar economic characteristics. It may invest up to 20% of its assets in equity securities of foreign issuers, including ADRs and GDRs. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.13

Average Daily Volume

7,631

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CWS

AdvisorShares Focused Equity ETF

CWS Description

The AdvisorShares Focused Equity ETF seeks long-term capital appreciation. CWS aims to achieve its investment objective by investing primarily in a focused group of U.S. exchange-listed equity securities that the portfolio manager believes have favorable fundamental attributes.

Grade (RS Rating)

Last Trade

$66.26

Average Daily Volume

9,644

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BELT	CWS
30 Days	2.61%	3.50%
60 Days	-7.46%	6.27%
90 Days		6.76%
12 Months		22.38%

1 Overlapping Holdings

	Symbol	Grade	Weight in BELT	Weight in CWS	Overlap
	INTU	D	4.04%	3.5%	3.5%

BELT Overweight 9 Positions Relative to CWS

Symbol	Grade	Weight
MSFT	D	13.51%
GOOG	D	7.81%
META	C	7.42%
NVO	C	6.92%
MA	B	6.43%
SPGI	A	5.05%
CDNS	D	4.86%
TT	B	4.64%
IR	D	4.46%

BELT Underweight 22 Positions Relative to CWS

Symbol	Grade	Weight
FICO	A	-5.25%
HEI	B	-4.94%
AFL	B	-4.8%
MLR	C	-4.8%
ICE	A	-4.46%
MCO	B	-4.35%
APH	D	-4.31%
SYK	A	-4.22%
ROL	B	-4.07%
TMO	A	-4.03%
SLGN	B	-3.89%
AWK	A	-3.86%
HSY	A	-3.79%
OTIS	D	-3.68%
ABT	A	-3.67%
BR	C	-3.66%
SAIC	B	-3.62%
AGM	D	-3.43%
FDS	C	-3.2%
PII	D	-3.05%
MGRC	D	-3.03%
CE	F	-2.8%