BELT vs. XLC ETF Comparison

Comparison of BlackRock Long-Term U.S. Equity ETF (BELT) to The Communication Services Select Sector SPDR Fund (XLC)

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

$30.71

Average Daily Volume

941

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XLC

The Communication Services Select Sector SPDR Fund

XLC Description

The investment seeks to correspond generally to the price and yield performance of publicly traded equity securities of companies in the Communication Services Select Sector Index. Normally, the fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Communication Services companies by the GICS®, including securities of companies from the following industries: diversified telecommunication services; wireless telecommunication services; media; entertainment; and interactive media & services. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$97.38

Average Daily Volume

3,504,358

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BELT	XLC
30 Days	3.12%	7.19%
60 Days	1.34%	8.84%
90 Days	4.29%	11.63%
12 Months		38.73%

2 Overlapping Holdings

	Symbol	Grade	Weight in BELT	Weight in XLC	Overlap
	GOOG	C	7.84%	8.77%	7.84%
	META	D	8.41%	18.68%	8.41%

BELT Overweight 18 Positions Relative to XLC

Symbol	Grade	Weight
MSFT	D	12.99%
MA	B	6.98%
CDNS	B	5.25%
NVO	F	5.18%
SPGI	C	5.06%
TT	B	5.03%
IR	A	4.4%
ISRG	C	4.34%
HWM	B	4.21%
CMG	B	3.94%
INTU	C	3.89%
MASI	A	3.51%
TMO	F	3.07%
ADI	D	2.83%
ENTG	D	2.74%
NVDA	C	2.57%
FND	C	2.54%
LRCX	F	2.35%

BELT Underweight 20 Positions Relative to XLC

Symbol	Grade	Weight
GOOGL	C	-10.62%
NFLX	B	-6.99%
DIS	B	-5.07%
TTWO	B	-4.79%
TMUS	A	-4.66%
CHTR	C	-4.6%
EA	C	-4.59%
CMCSA	C	-4.37%
T	A	-4.24%
VZ	B	-3.82%
WBD	C	-3.52%
LYV	A	-3.39%
OMC	C	-3.07%
NWSA	B	-1.75%
IPG	C	-1.69%
FOXA	C	-1.63%
MTCH	F	-1.24%
PARA	C	-1.0%
FOX	B	-0.91%
NWS	B	-0.56%