IWFG vs. INRO ETF Comparison

Comparison of IQ MacKay Municipal Insured ETF (IWFG) to BlackRock U.S. Industry Rotation ETF (INRO)

IWFG

IQ MacKay Municipal Insured ETF

IWFG Description

The Fund seek long-term growth of capital by employing a bottom-up investment process while investing in companies that have the potential for above-average future earnings and cash flow growth. IWFG typically invests in a portfolio of 25-35 stocks, allocating 10-60% across each growth type. The fund invests in stocks of companies operating across diversified sectors. It invests in growth stocks of large-cap companies. IQ MacKay Municipal Insured ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$46.13

Average Daily Volume

222

Number of Holdings ^*

* may have additional holdings in another (foreign) market

INRO

BlackRock U.S. Industry Rotation ETF

INRO Description

INRO is targeted US equity exposure, actively managed by shifting the selection and weighting of the portfolio towards industries among the broad domestic market. Portfolio allocation is based on five potential sources of return: information regarding the current economic cycle, valuation, quality metrics, analyst expectation data and recent individual industry trends. The strategy aims to capture the potential alpha from the dispersion between industry allocations and the broad market. During temporary defensive periods, the fund may depart from this principal investment strategy to invest 100% of the portfolio in liquid, short-term securities. The fund may engage in active and frequent trading. Derivatives may also be used to seek returns or hedge exposure. Up to one-third of the value of the funds assets may be lending.

Grade (RS Rating)

Last Trade

$26.96

Average Daily Volume

4,607

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IWFG	INRO
30 Days	6.01%	5.14%
60 Days	12.81%	11.23%
90 Days	-1.52%	0.94%
12 Months	47.78%

7 Overlapping Holdings

Symbol	Grade	Weight in IWFG	Weight in INRO	Overlap
AAPL	C	4.6%	7.68%	4.6%
AVGO	B	4.75%	1.7%	1.7%
GOOG	B	4.86%	2.47%	2.47%
HD	A	2.55%	1.68%	1.68%
META	A	3.64%	3.67%	3.64%
MSFT	D	11.39%	5.95%	5.95%
NVDA	B	7.84%	6.65%	6.65%

IWFG Overweight 22 Positions Relative to INRO

Symbol	Grade	Weight
AMZN	C	7.81%
ADI	B	3.22%
SPOT	C	3.13%
MA	A	3.13%
TT	A	3.12%
ORLY	A	2.93%
KKR	A	2.72%
ADBE	F	2.6%
ISRG	C	2.57%
LRCX	D	2.47%
INTU	F	2.41%
NOW	B	2.38%
MELI	D	2.31%
CMG	C	2.26%
NFLX	A	2.12%
ASML	F	2.09%
SNPS	F	2.08%
UBER	C	1.87%
BKNG	B	1.85%
WDAY	D	1.56%
HLT	A	1.52%
APH	D	1.35%

IWFG Underweight 3 Positions Relative to INRO

Symbol	Grade	Weight
GOOGL	B	-2.85%
TMUS	A	-2.43%
TSLA	C	-1.99%