IPAY vs. FOVL ETF Comparison

Comparison of ETFMG Prime Mobile Payments ETF (IPAY) to iShares Focused Value Factor ETF (FOVL)

IPAY

ETFMG Prime Mobile Payments ETF

IPAY Description

The ETFMG Prime Mobile Payments ETF (IPAY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, speciﬁcally focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).

Grade (RS Rating)

Last Trade

$46.73

Average Daily Volume

21,416

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$60.01

Average Daily Volume

8,030

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IPAY	FOVL
30 Days	-2.29%	-1.42%
60 Days	-3.31%	0.82%
90 Days	-9.01%	-2.15%
12 Months	9.45%	16.48%

1 Overlapping Holdings

	Symbol	Grade	Weight in IPAY	Weight in FOVL	Overlap
	DFS	A	4.69%	2.49%	2.49%

IPAY Overweight 25 Positions Relative to FOVL

Symbol	Grade	Weight
MA	D	6.1%
V	D	6.03%
AXP	C	5.96%
PYPL	F	5.74%
COIN	C	5.13%
CPAY	D	4.58%
FIS	C	4.53%
TOST	B	4.53%
SQ	D	4.17%
GPN	F	4.13%
WEX	D	3.64%
AFRM	F	3.05%
FOUR	B	2.46%
EEFT	D	2.43%
ACIW	A	1.85%
WU	D	1.66%
STNE	F	1.63%
QTWO	C	1.54%
MQ	C	1.06%
PAGS	C	0.95%
EVTC	F	0.93%
DLO	F	0.33%
IMXI	D	0.31%
GDOT	F	0.3%
QIWI	D	0.0%

IPAY Underweight 39 Positions Relative to FOVL

Symbol	Grade	Weight
TOL	D	-3.33%
IBKR	A	-3.29%
JPM	A	-3.11%
SF	A	-3.1%
PNFP	C	-3.09%
FYBR	B	-3.04%
AXS	B	-3.03%
WTM	C	-3.02%
HPE	B	-2.91%
COF	C	-2.87%
WLK	D	-2.86%
JHG	B	-2.82%
SNV	A	-2.78%
ORI	D	-2.77%
CNA	A	-2.63%
LPX	D	-2.63%
KMI	A	-2.62%
T	A	-2.58%
FNB	C	-2.58%
FHB	C	-2.55%
WBS	C	-2.47%
BLDR	F	-2.42%
PFG	D	-2.41%
LYB	D	-2.37%
AMG	D	-2.36%
UNM	C	-2.36%
CUZ	D	-2.31%
STT	C	-2.25%
AN	C	-2.24%
Z	C	-2.21%
NUE	D	-2.18%
AGR	C	-2.13%
PNW	C	-2.11%
CLF	D	-2.0%
THO	D	-1.99%
ALK	D	-1.77%
SNDR	B	-1.76%
LSXMK	D	-1.54%
LLYVK	C	-0.63%