IGE vs. TGLR ETF Comparison

Comparison of iShares North American Natural Resources ETF (IGE) to LAFFER TENGLER Equity Income ETF (TGLR)

IGE

iShares North American Natural Resources ETF

IGE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Natural Resources Sector IndexTM (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S.-traded stocks of natural resource-related companies in the United States and Canada. Components primarily include energy, materials, metals and mining and oil and gas companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.91

Average Daily Volume

117,214

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

$30.31

Average Daily Volume

2,193

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IGE	TGLR
30 Days	2.87%	0.20%
60 Days	6.46%	3.35%
90 Days	7.04%	6.47%
12 Months	19.72%	28.37%

2 Overlapping Holdings

	Symbol	Grade	Weight in IGE	Weight in TGLR	Overlap
	CVX	A	10.13%	3.15%	3.15%
	EOG	A	2.84%	2.77%	2.77%

IGE Overweight 97 Positions Relative to TGLR

Symbol	Grade	Weight
XOM	B	9.88%
COP	B	4.5%
WMB	A	2.5%
OKE	A	2.33%
FCX	F	2.3%
SLB	C	2.28%
PSX	C	2.01%
MPC	D	1.96%
KMI	A	1.91%
LNG	A	1.76%
NEM	D	1.73%
VLO	C	1.66%
BKR	B	1.59%
TRGP	A	1.55%
HES	B	1.48%
VMC	B	1.38%
MLM	B	1.33%
OXY	F	1.26%
FANG	D	1.26%
HAL	C	0.98%
TPL	A	0.95%
EQT	A	0.94%
SW	A	0.92%
DVN	F	0.91%
PKG	B	0.78%
EXE	A	0.73%
IP	A	0.73%
CTRA	B	0.7%
BALL	D	0.7%
AVY	D	0.6%
MRO	A	0.6%
AMCR	D	0.54%
FTI	A	0.45%
OVV	C	0.44%
ATR	B	0.43%
CCK	D	0.4%
AA	A	0.39%
EXP	B	0.38%
PR	B	0.36%
DTM	A	0.36%
RGLD	C	0.34%
AR	B	0.33%
APA	F	0.31%
GPK	D	0.31%
CHRD	F	0.3%
RRC	B	0.3%
BERY	D	0.28%
LPX	B	0.26%
MTDR	C	0.25%
DINO	D	0.25%
NOV	D	0.24%
WFRD	F	0.23%
CHX	C	0.22%
SUM	B	0.21%
CNX	A	0.21%
KNF	B	0.2%
SM	C	0.19%
AM	A	0.19%
MGY	A	0.19%
VNOM	A	0.19%
NE	D	0.18%
SON	F	0.18%
CIVI	D	0.17%
MUR	F	0.17%
WHD	B	0.16%
SLGN	A	0.16%
SEE	D	0.16%
AROC	A	0.15%
CRC	A	0.15%
NOG	B	0.15%
BTU	C	0.13%
RIG	D	0.13%
HL	C	0.13%
CEIX	A	0.12%
HP	C	0.12%
VAL	F	0.12%
LBRT	F	0.11%
SLVM	C	0.11%
PTEN	C	0.11%
UEC	A	0.11%
PBF	D	0.11%
TDW	F	0.09%
OI	D	0.08%
GPOR	A	0.08%
MP	C	0.08%
KOS	D	0.07%
WKC	D	0.06%
INSW	F	0.06%
GEF	B	0.06%
CRK	A	0.05%
AESI	B	0.05%
XPRO	F	0.05%
KGS	A	0.04%
NFE	F	0.04%
PTVE	B	0.02%
CVI	D	0.02%
MAGN	F	0.01%

IGE Underweight 27 Positions Relative to TGLR

Symbol	Grade	Weight
ORCL	A	-6.11%
AXP	B	-4.89%
AVGO	C	-4.51%
JPM	A	-4.48%
WMT	A	-4.46%
MSFT	D	-4.27%
HD	A	-4.15%
CARR	D	-4.14%
GS	B	-3.92%
MCD	D	-3.87%
RTX	D	-3.65%
ABBV	F	-3.64%
TXN	C	-3.26%
EMR	A	-3.14%
LHX	B	-3.04%
SBUX	A	-2.89%
JNJ	D	-2.82%
STLD	B	-2.8%
GOOGL	B	-2.56%
DELL	B	-2.52%
NXPI	F	-2.51%
AAPL	C	-2.41%
LRCX	F	-2.33%
PLD	D	-2.27%
PEP	F	-2.16%
MDT	D	-2.05%
NEE	C	-1.71%