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

$30.49

Average Daily Volume

992

Number of Holdings ^*

20

* 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

$70.77

Average Daily Volume

13,976

Number of Holdings ^*

25

* may have additional holdings in another (foreign) market

Performance

Period	BELT	CWS
30 Days	2.62%	2.85%
60 Days	1.68%	3.29%
90 Days	3.14%	5.36%
12 Months		29.09%

2 Overlapping Holdings

	Symbol	Grade	Weight in BELT	Weight in CWS	Overlap
	INTU	C	3.89%	3.78%	3.78%
	TMO	F	3.07%	3.36%	3.07%

BELT Overweight 18 Positions Relative to CWS

	Symbol	Grade	Weight
	MSFT	F	12.99%
	META	D	8.41%
	GOOG	C	7.84%
	MA	C	6.98%
	CDNS	B	5.25%
	NVO	D	5.18%
	SPGI	C	5.06%
	TT	A	5.03%
	IR	B	4.4%
	ISRG	A	4.34%
	HWM	A	4.21%
	CMG	B	3.94%
	MASI	A	3.51%
	ADI	D	2.83%
	ENTG	D	2.74%
	NVDA	C	2.57%
	FND	C	2.54%
	LRCX	F	2.35%

BELT Underweight 23 Positions Relative to CWS

	Symbol	Grade	Weight
	FICO	B	-6.68%
	FI	A	-5.35%
	MLR	B	-5.32%
	HEI	B	-5.2%
	APH	A	-4.89%
	AFL	B	-4.57%
	SYK	C	-4.3%
	MCO	B	-4.15%
	ICE	C	-4.12%
	COR	B	-4.02%
	SLGN	A	-3.96%
	ROL	B	-3.86%
	BR	A	-3.77%
	OTIS	C	-3.73%
	AGM	C	-3.63%
	FDS	B	-3.54%
	ABT	B	-3.54%
	AWK	D	-3.39%
	SAIC	F	-3.38%
	MGRC	B	-3.38%
	HSY	F	-3.28%
	PII	D	-2.38%
	CE	F	-1.6%

BELT: Top Represented Industries & Keywords

Industries: Internet Content & Information Medical Instruments & Supplies Semiconductor Equipment & Materials Semiconductors Software - Application Specialty Industrial Machinery Biotechnology Capital Markets Credit Services Diagnostics & Research Diversified Industrials Home Improvement Stores Restaurants Software - Infrastructure

Keywords: S&P 500 Nasdaq 100 Computing Integrated Circuits Hyperscale IBD 50 Refrigeration Semiconductor Smartphones Software Aerospace Camera Chemical Vapor Deposition Dow Jones Component Electronic Design Electronic Engineering Electronics Manufacturing Process Medicine Mobile Devices

CWS: Top Represented Industries & Keywords

Industries: Business Services Capital Markets Medical Devices Aerospace & Defense Auto Parts Chemicals Confectioners Credit Services Diagnostics & Research Electronic Components Financial Data & Stock Exchanges Information Technology Services Insurance - Life Medical Distribution Packaging & Containers Recreational Vehicles Rental & Leasing Services Software - Application Software - Infrastructure Specialty Industrial Machinery

Keywords: S&P 500 Cancer Electronics Payment Systems Transport Aerospace Beverage Products Card Processing Chemical Chemical Product Communication Solutions Credit Drink Lab Testing Land Transport Medicine Mobile Payments Moody's Analytics Nasdaq 100 Navigation Systems