BELT vs. PSI ETF Comparison

Comparison of BlackRock Long-Term U.S. Equity ETF (BELT) to PowerShares Dynamic Semiconductors (PSI)

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

$30.36

Average Daily Volume

990

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSI

PowerShares Dynamic Semiconductors

PSI Description

The PowerShares Dynamic Semiconductors Portfolio (Fund) is based on the Dynamic Semiconductor IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intelldiex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$56.38

Average Daily Volume

96,685

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BELT	PSI
30 Days	1.17%	-0.25%
60 Days	1.28%	2.75%
90 Days	2.70%	-3.43%
12 Months		28.48%

4 Overlapping Holdings

Symbol	Grade	Weight in BELT	Weight in PSI	Overlap
ADI	D	2.8%	4.77%	2.8%
ENTG	D	2.84%	2.48%	2.48%
LRCX	F	2.43%	4.53%	2.43%
NVDA	B	2.5%	5.76%	2.5%

BELT Overweight 16 Positions Relative to PSI

Symbol	Grade	Weight
MSFT	D	12.96%
META	D	8.52%
GOOG	C	7.72%
MA	B	6.87%
NVO	F	5.28%
CDNS	B	5.26%
SPGI	C	5.04%
TT	A	4.96%
IR	B	4.4%
ISRG	A	4.24%
INTU	B	4.18%
HWM	A	4.11%
CMG	B	3.9%
MASI	B	3.4%
TMO	F	3.21%
FND	D	2.56%

BELT Underweight 22 Positions Relative to PSI

Symbol	Grade	Weight
AVGO	D	-5.41%
MU	D	-5.25%
TXN	C	-5.19%
QCOM	F	-4.99%
AMAT	F	-4.6%
SMTC	B	-3.45%
MTSI	B	-3.39%
PI	D	-3.07%
ACMR	D	-2.88%
PLAB	C	-2.87%
ICHR	C	-2.85%
UCTT	D	-2.72%
MKSI	C	-2.62%
NXPI	D	-2.5%
AOSL	C	-2.34%
SWKS	F	-2.24%
AMKR	D	-2.21%
ONTO	F	-2.21%
KLAC	F	-2.2%
FORM	D	-2.15%
CRUS	D	-2.03%
MPWR	F	-1.79%