ETEC vs. ABEQ ETF Comparison

Comparison of iShares Breakthrough Environmental Solutions ETF (ETEC) to Absolute Core Strategy ETF (ABEQ)

ETEC

iShares Breakthrough Environmental Solutions ETF

ETEC Description

ETEC provides exposure to global equities categorized as emerging green technology. Selection begins with the initial index universe that then excludes companies involved in controversial issues against UNGC principles. Stocks are reviewed to meet revenue derived from eight sustainable themes: energy efficiency, green buildings and transportation, pollution prevention and reduction, renewable energy, resource efficiency technologies and services, water, and sustainable agriculture, food, and forestry. The fund excludes companies with total sustainable product revenue less than 25%. The remaining stocks are screened further to only include companies classified as green technologies. Stocks are scored within the Rogers innovation adoption curve to determine their position across the innovators-laggards spectrum, which contributes to an aggregate score. The top 50 companies with the highest aggregate scores are selected. The market cap-weighted index is reconstituted annually in December and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$19.76

Average Daily Volume

519

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ABEQ

Absolute Core Strategy ETF

ABEQ Description

The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.85

Average Daily Volume

5,950

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ETEC	ABEQ
30 Days	-3.35%	-0.61%
60 Days	-6.11%	0.76%
90 Days	-3.59%	1.75%
12 Months	-7.07%	19.75%

0 Overlapping Holdings

	Symbol	Grade	Weight in ETEC	Weight in ABEQ	Overlap

ETEC Overweight 11 Positions Relative to ABEQ

Symbol	Grade	Weight
BWA	D	6.63%
TSLA	B	5.59%
OLED	F	5.09%
XPEV	C	4.62%
LI	F	3.34%
FSLR	F	3.13%
XYL	D	2.7%
NIO	F	2.44%
ENPH	F	2.23%
LCID	F	1.15%
SEDG	F	0.69%

ETEC Underweight 19 Positions Relative to ABEQ

Symbol	Grade	Weight
BRK.A	B	-11.57%
L	A	-6.67%
UL	D	-6.26%
MDT	D	-4.54%
DD	C	-4.13%
TRV	B	-3.91%
CMCSA	B	-3.85%
EOG	A	-3.58%
CSCO	B	-3.39%
CTVA	C	-2.86%
IFF	D	-2.31%
HSY	F	-1.95%
DEO	F	-1.74%
MRK	D	-1.65%
CME	B	-1.25%
HON	C	-1.11%
EQC	B	-1.02%
VZ	C	-0.98%
GEHC	D	-0.97%

ETEC: Top Represented Industries & Keywords

Industries: Auto Manufacturers Semiconductor Equipment & Materials Solar Auto Parts Diversified Industrials