IETC vs. FMCX ETF Comparison

Comparison of iShares Evolved U.S. Technology ETF (IETC) to FMC Excelsior Focus Equity ETF (FMCX)

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$77.81

Average Daily Volume

17,260

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

FMCX

FMC Excelsior Focus Equity ETF

FMCX Description

The fund is an actively managed exchange-traded fund (?ETF?) that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the fund. The fund adviser may also hold concentrated positions in common stocks, although the fund?s guidelines provide that no single investment should generally be more than 10% of the fund?s portfolio at acquisition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.87

Average Daily Volume

146

Number of Holdings ^*

52

* may have additional holdings in another (foreign) market

Performance

Period	IETC	FMCX
30 Days	2.76%	3.58%
60 Days	4.78%	6.98%
90 Days	3.42%	6.42%
12 Months	43.26%	25.43%

9 Overlapping Holdings

	Symbol	Grade	Weight in IETC	Weight in FMCX	Overlap
	AAPL	C	1.0%	6.93%	1.0%
	AMZN	C	1.0%	5.01%	1.0%
	CL	D	1.0%	0.85%	0.85%
	GDDY	C	1.0%	4.98%	1.0%
	GOOG	D	1.0%	0.5%	0.5%
	GOOGL	D	1.0%	1.77%	1.0%
	KEYS	C	1.0%	1.06%	1.0%
	MSFT	C	1.0%	4.79%	1.0%
	SPGI	B	1.0%	0.37%	0.37%

IETC Overweight 115 Positions Relative to FMCX

	Symbol	Grade	Weight
	GRAL	F	1.0%
	ALGN	D	1.0%
	FTV	C	1.0%
	RIVN	F	1.0%
	TOST	C	1.0%
	SMAR	C	1.0%
	ZI	D	1.0%
	XYL	C	1.0%
	BILL	D	1.0%
	GLW	C	1.0%
	APPN	D	1.0%
	ENPH	D	1.0%
	LPLA	D	1.0%
	DXC	C	1.0%
	ILMN	C	1.0%
	DOCN	A	1.0%
	DELL	D	1.0%
	TDY	B	1.0%
	MMS	C	1.0%
	CPNG	B	1.0%
	SNAP	F	1.0%
	SAIC	C	1.0%
	VRT	C	1.0%
	INTU	C	1.0%
	CFLT	F	1.0%
	SLAB	D	1.0%
	ADP	B	1.0%
	JNPR	B	1.0%
	HOOD	C	1.0%
	BBY	C	1.0%
	SMCI	F	1.0%
	ROK	D	1.0%
	FBIN	B	1.0%
	CBOE	C	1.0%
	NDAQ	A	1.0%
	SLB	F	1.0%
	QRVO	F	1.0%
	HUBS	D	1.0%
	AON	B	1.0%
	EA	D	1.0%
	VEEV	C	1.0%
	IPG	C	1.0%
	MSCI	C	1.0%
	MSTR	D	1.0%
	TER	D	1.0%
	NSIT	D	1.0%
	DDOG	D	1.0%
	PINS	F	1.0%
	QLYS	F	1.0%
	JKHY	B	1.0%
	CACI	B	1.0%
	OMC	B	1.0%
	IQV	C	1.0%
	AKAM	D	1.0%
	DASH	C	1.0%
	LRCX	F	1.0%
	IRM	C	1.0%
	BSY	D	1.0%
	SNPS	D	1.0%
	TRU	B	1.0%
	SQ	D	1.0%
	KLAC	D	1.0%
	FTNT	C	1.0%
	MMC	C	1.0%
	BAH	C	1.0%
	UBER	C	1.0%
	TTEK	C	1.0%
	G	C	1.0%
	CPAY	B	1.0%
	COIN	F	1.0%
	TXN	C	1.0%
	PLTR	B	1.0%
	MU	F	1.0%
	MCO	B	1.0%
	ANSS	D	1.0%
	SNOW	F	1.0%
	CRWD	D	1.0%
	CSGP	D	1.0%
	LMT	C	1.0%
	ZM	C	1.0%
	TTD	B	1.0%
	ANET	B	1.0%
	TEAM	D	1.0%
	FDS	C	1.0%
	ABNB	D	1.0%
	IT	B	1.0%
	ADSK	C	1.0%
	TYL	C	1.0%
	VRSK	D	1.0%
	CDW	D	1.0%
	SSNC	B	1.0%
	EQIX	C	1.0%
	AMD	D	1.0%
	MPWR	C	1.0%
	PH	B	1.0%
	MA	B	1.0%
	WDAY	D	1.0%
	NTAP	D	1.0%
	GPN	D	1.0%
	VRSN	D	1.0%
	MANH	B	1.0%
	ADBE	F	1.0%
	QCOM	D	1.0%
	CDNS	D	1.0%
	META	B	1.0%
	ICE	C	1.0%
	NOW	B	1.0%
	MSI	B	1.0%
	IBM	B	1.0%
	CSCO	C	1.0%
	ORCL	C	1.0%
	CRM	D	1.0%
	ACN	C	1.0%
	NVDA	D	1.0%
	AVGO	C	1.0%

IETC Underweight 43 Positions Relative to FMCX

	Symbol	Grade	Weight
	UNH	C	-6.84%
	KKR	B	-6.14%
	IAC	C	-5.35%
	LBRDK	F	-4.24%
	LSXMK	D	-4.22%
	GGG	C	-3.98%
	PYPL	B	-3.9%
	MTCH	C	-3.18%
	LSXMA	D	-1.79%
	LBRDA	F	-1.74%
	PG	C	-1.3%
	PM	C	-1.21%
	YUM	D	-1.18%
	CMCSA	D	-1.13%
	MCD	B	-1.12%
	AMGN	B	-1.11%
	VUSB	A	-0.92%
	ICSH	A	-0.92%
	GILD	B	-0.87%
	MO	C	-0.84%
	ENTG	F	-0.82%
	ARWR	F	-0.72%
	NKE	D	-0.68%
	HON	D	-0.6%
	DHR	B	-0.55%
	BAX	C	-0.47%
	YUMC	D	-0.42%
	MUSA	D	-0.4%
	MTX	D	-0.33%
	KEX	C	-0.33%
	EQR	B	-0.3%
	JPM	D	-0.3%
	MUR	F	-0.25%
	V	C	-0.21%
	FWONK	C	-0.21%
	BKNG	C	-0.19%
	FLWS	F	-0.15%
	GD	B	-0.13%
	BATRK	D	-0.11%
	PNR	B	-0.1%
	FWONA	C	-0.05%
	VMEO	C	-0.03%
	BATRA	D	-0.02%

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Software - Infrastructure Information Technology Services Semiconductors Internet Content & Information Capital Markets Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Diversified Industrials Financial Data & Stock Exchanges Scientific & Technical Instruments Advertising Agencies Computer Systems Insurance Brokers Internet Content & Information Specialty Retail Aerospace & Defense Auto Manufacturers

Keywords: S&P 500 Nasdaq 100 Computing Cloud Computing Work From Home Semiconductor Mobile Devices Software Cloud Infrastructure Operating System Software As A Service Electronics IBD 50 Information Technology Management Integrated Circuits Telecommunications CRM Financial Management Smartphones Software Platform

FMCX: Top Represented Industries & Keywords

Industries: Internet Content & Information Diversified Industrials Pay TV Restaurants Specialty Retail Broadcasting - Radio Broadcasting - TV Credit Services Drug Manufacturers - Major Household & Personal Products Media - Diversified Tobacco Aerospace & Defense Asset Management Banks - Global Biotechnology Capital Markets Chemicals Consumer Electronics Diagnostics & Research

Keywords: S&P 500 Nasdaq 100 Dow Jones Component Liberty Media Atlanta Braves Computing Formula One Hyperscale Major League Baseball Work From Home Advertising Services Baseball Broadband Chemical Connected Vehicle Applications Consumer Products Disease Electronics Manufacturers Infotainment Infotainment Services