BELT vs. TGLR ETF Comparison

Comparison of BlackRock Long-Term U.S. Equity ETF (BELT) to LAFFER TENGLER Equity Income ETF (TGLR)

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

TGLR

LAFFER TENGLER Equity Income ETF

TGLR Description

TGLR aims to provide long-term capital appreciation by actively selecting between 25-35 US large-cap stocks. The stocks selected are expected to produce above-market dividend yield with low turnover. The strategy is based on two valuation metrics the sub-adviser believes to be consistent indicators of company value: relative dividend yield and relative price-to-sales ratio. The metrics help determine over- and under valuation, security by security. The sub-adviser then conducts proprietary fundamental factor research to identify stocks for portfolio selection. The research considers both qualitative and quantitative factors such as: catalyst for outperformance, franchise value and market growth, firm management, sales or revenue growth, margins, positive free cash flow, dividend growth, P/E, asset turnover, leverage, and risk. The primary indicator for a stock sell is when the stocks dividend yield is lower than the S&P 500 Index, a sell range is determined.

Grade (RS Rating)

Last Trade

$30.58

Average Daily Volume

2,293

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BELT	TGLR
30 Days	1.17%	1.96%
60 Days	1.28%	4.28%
90 Days	2.70%	6.41%
12 Months		29.69%

2 Overlapping Holdings

	Symbol	Grade	Weight in BELT	Weight in TGLR	Overlap
	LRCX	F	2.43%	2.33%	2.33%
	MSFT	D	12.96%	4.27%	4.27%

BELT Overweight 18 Positions Relative to TGLR

Symbol	Grade	Weight
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%
ENTG	D	2.84%
ADI	D	2.8%
FND	D	2.56%
NVDA	B	2.5%

BELT Underweight 27 Positions Relative to TGLR

Symbol	Grade	Weight
ORCL	A	-6.11%
AXP	A	-4.89%
AVGO	D	-4.51%
JPM	A	-4.48%
WMT	A	-4.46%
HD	B	-4.15%
CARR	C	-4.14%
GS	A	-3.92%
MCD	D	-3.87%
RTX	D	-3.65%
ABBV	F	-3.64%
TXN	C	-3.26%
CVX	A	-3.15%
EMR	B	-3.14%
LHX	C	-3.04%
SBUX	A	-2.89%
JNJ	C	-2.82%
STLD	B	-2.8%
EOG	A	-2.77%
GOOGL	C	-2.56%
DELL	B	-2.52%
NXPI	D	-2.51%
AAPL	C	-2.41%
PLD	F	-2.27%
PEP	F	-2.16%
MDT	D	-2.05%
NEE	C	-1.71%