BELT vs. FCTE ETF Comparison

Comparison of BlackRock Long-Term U.S. Equity ETF (BELT) to SMI 3Fourteen Full-Cycle Trend ETF (FCTE)

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

$30.04

Average Daily Volume

996

Number of Holdings ^*

20

* may have additional holdings in another (foreign) market

FCTE

SMI 3Fourteen Full-Cycle Trend ETF

FCTE Description

The fund is actively managed and typically owns 20 domestic stocks that are normally included in the S&P 500 Index ("S&P 500"). The FCT strategy is based on a proprietary model developed by 3Fourteen that selects stocks based on quality stock screens and trend factors such as return on capital and cash flow stability, earnings growth, return on investment, momentum, linear regression and trend analysis. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.67

Average Daily Volume

107,981

Number of Holdings ^*

20

* may have additional holdings in another (foreign) market

Performance

Period	BELT	FCTE
30 Days	0.73%	-2.94%
60 Days	0.98%	-2.77%
90 Days	2.70%	-2.09%
12 Months

3 Overlapping Holdings

	Symbol	Grade	Weight in BELT	Weight in FCTE	Overlap
	LRCX	F	2.43%	4.94%	2.43%
	META	C	8.52%	4.96%	4.96%
	TT	A	4.96%	5.41%	4.96%

BELT Overweight 17 Positions Relative to FCTE

	Symbol	Grade	Weight
	MSFT	D	12.96%
	GOOG	B	7.72%
	MA	B	6.87%
	NVO	D	5.28%
	CDNS	B	5.26%
	SPGI	D	5.04%
	IR	B	4.4%
	ISRG	A	4.24%
	INTU	B	4.18%
	HWM	A	4.11%
	CMG	C	3.9%
	MASI	B	3.4%
	TMO	D	3.21%
	ENTG	F	2.84%
	ADI	D	2.8%
	FND	D	2.56%
	NVDA	A	2.5%

BELT Underweight 17 Positions Relative to FCTE

	Symbol	Grade	Weight
	ROL	B	-5.21%
	GD	D	-5.19%
	RSG	A	-5.15%
	BRO	B	-5.15%
	TSCO	D	-5.12%
	NTAP	C	-5.1%
	GOOGL	B	-5.08%
	AMAT	F	-5.01%
	MMM	D	-4.99%
	PHM	D	-4.97%
	WMT	A	-4.96%
	RMD	C	-4.95%
	KLAC	F	-4.82%
	HCA	F	-4.81%
	KMB	C	-4.79%
	CL	D	-4.73%
	MTD	F	-4.66%

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

FCTE: Top Represented Industries & Keywords

Industries: Semiconductor Equipment & Materials Household & Personal Products Internet Content & Information Aerospace & Defense Business Services Data Storage Diagnostics & Research Discount Stores Diversified Industrials Insurance Brokers Medical Care Medical Instruments & Supplies Residential Construction Specialty Industrial Machinery Specialty Retail Waste Management

Keywords: S&P 500 Nasdaq 100 Computing Integrated Circuits Personal Hygiene Products Retailing Semiconductor Semiconductor Device Fabrication Alcohol Chemical Vapor Deposition Dentist Dow Jones Component Electronics Industries Food Service Health Care Products Home Care Hygiene Hyperscale Infection Infection Prevention