BELT vs. KCE ETF Comparison

Comparison of BlackRock Long-Term U.S. Equity ETF (BELT) to SPDR S&P Capital Markets ETF (KCE)

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

$29.95

Average Daily Volume

1,010

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KCE

SPDR S&P Capital Markets ETF

KCE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies that do business as broker-dealers, asset managers, trust and custody banks or exchanges. In seeking to track the performance of the S&P Capital Markets Select Industry Index, the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the capital markets industry group of the S&P Total Market Index ("S&P TMI"). It is non-diversified.

Grade (RS Rating)

Last Trade

$142.63

Average Daily Volume

67,042

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BELT	KCE
30 Days	-0.07%	6.51%
60 Days	0.98%	17.00%
90 Days	2.04%	20.93%
12 Months		65.43%

1 Overlapping Holdings

	Symbol	Grade	Weight in BELT	Weight in KCE	Overlap
	SPGI	C	5.04%	1.41%	1.41%

BELT Overweight 19 Positions Relative to KCE

Symbol	Grade	Weight
MSFT	D	12.96%
META	C	8.52%
GOOG	B	7.72%
MA	A	6.87%
NVO	F	5.28%
CDNS	B	5.26%
TT	A	4.96%
IR	A	4.4%
ISRG	A	4.24%
INTU	A	4.18%
HWM	A	4.11%
CMG	B	3.9%
MASI	A	3.4%
TMO	D	3.21%
ENTG	F	2.84%
ADI	D	2.8%
FND	F	2.56%
NVDA	B	2.5%
LRCX	F	2.43%

BELT Underweight 58 Positions Relative to KCE

Symbol	Grade	Weight
COIN	A	-2.31%
LPLA	A	-2.18%
HOOD	A	-1.96%
RJF	A	-1.95%
SF	A	-1.95%
CG	B	-1.92%
MS	A	-1.92%
OWL	A	-1.91%
IBKR	A	-1.91%
EVR	A	-1.89%
PJT	A	-1.88%
STEP	A	-1.84%
PIPR	A	-1.84%
AMP	A	-1.83%
HLNE	A	-1.82%
JHG	A	-1.8%
VCTR	B	-1.8%
KKR	A	-1.8%
GS	A	-1.79%
JEF	A	-1.77%
SEIC	A	-1.76%
HLI	A	-1.75%
NTRS	A	-1.75%
FHI	A	-1.75%
APAM	A	-1.74%
BGC	B	-1.74%
SCHW	A	-1.73%
TPG	B	-1.73%
BX	A	-1.71%
TROW	A	-1.69%
ARES	B	-1.68%
IVZ	B	-1.68%
STT	A	-1.68%
MC	B	-1.68%
BK	A	-1.66%
CNS	B	-1.64%
MORN	B	-1.63%
TW	B	-1.62%
AMG	A	-1.59%
FDS	A	-1.57%
MKTX	C	-1.57%
NDAQ	A	-1.57%
BEN	C	-1.57%
WT	A	-1.55%
VIRT	A	-1.53%
MSCI	A	-1.51%
CME	A	-1.5%
MCO	C	-1.44%
SNEX	A	-1.43%
ICE	D	-1.42%
CBOE	D	-1.4%
DBRG	D	-1.31%
VRTS	A	-1.21%
DFIN	D	-0.88%
BSIG	A	-0.66%
PX	A	-0.62%
LPRO	C	-0.36%
DHIL	A	-0.35%