ETEC vs. EFRA ETF Comparison

Comparison of iShares Breakthrough Environmental Solutions ETF (ETEC) to iShares Environmental Infrastructure and Industrials ETF (EFRA)

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

$20.97

Average Daily Volume

748

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EFRA

iShares Environmental Infrastructure and Industrials ETF

EFRA Description

The fund seeks to track the investment results of the index, which has been developed by FTSE International Limited (the "index provider" or "FTSE"). It is non-diversified.

Grade (RS Rating)

Last Trade

$30.71

Average Daily Volume

259

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ETEC	EFRA
30 Days	-5.22%	-2.21%
60 Days	-5.65%	-2.18%
90 Days	-0.09%	1.11%
12 Months	-13.48%	13.17%

1 Overlapping Holdings

	Symbol	Grade	Weight in ETEC	Weight in EFRA	Overlap
	XYL	D	2.93%	5.77%	2.93%

ETEC Overweight 11 Positions Relative to EFRA

Symbol	Grade	Weight
OLED	A	6.24%
BWA	F	5.72%
TSLA	B	4.91%
NIO	F	3.08%
XPEV	F	3.07%
LI	F	3.02%
FSLR	C	2.98%
ENPH	F	2.77%
LCID	D	1.44%
SEDG	F	1.09%
DQ	F	1.03%

ETEC Underweight 16 Positions Relative to EFRA

Symbol	Grade	Weight
AWK	B	-5.58%
WAB	D	-5.56%
CLH	B	-4.58%
PNR	D	-4.47%
TTEK	D	-4.34%
WMS	D	-4.1%
WTRG	C	-3.98%
BMI	C	-2.32%
SRCL	B	-2.28%
WTS	D	-2.1%
FELE	D	-1.82%
MWA	C	-1.19%
CWT	C	-1.18%
AWR	D	-1.14%
SJW	D	-0.75%
LNN	D	-0.54%

ETEC: Top Represented Industries & Keywords

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