MOAT vs. FOVL ETF Comparison

Comparison of Market Vectors Wide Moat ETF (MOAT) to iShares Focused Value Factor ETF (FOVL)

MOAT

Market Vectors Wide Moat ETF

MOAT Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MorningstarÂ® Wide Moat Focus IndexSM (the "Wide Moat Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of securities issued by companies that Morningstar, Inc. ("Morningstar" or the "Wide Moat Index Provider") determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors ("wide moat companies"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$86.51

Average Daily Volume

719,533

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

$59.36

Average Daily Volume

7,967

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MOAT	FOVL
30 Days	-0.73%	-0.78%
60 Days	-0.27%	-2.49%
90 Days	-1.28%	-3.40%
12 Months	11.10%	16.69%

0 Overlapping Holdings

	Symbol	Grade	Weight in MOAT	Weight in FOVL	Overlap

MOAT Overweight 54 Positions Relative to FOVL

Symbol	Grade	Weight
IFF	B	2.78%
ADBE	B	2.73%
CPB	B	2.61%
MO	A	2.61%
RTX	D	2.56%
PFE	C	2.53%
CTVA	D	2.51%
GILD	C	2.51%
ADSK	B	2.5%
NKE	F	2.47%
KVUE	F	2.47%
CMCSA	F	2.4%
MKTX	C	2.39%
USB	D	2.37%
ZBH	D	2.34%
TRU	C	2.33%
SBUX	F	2.32%
A	D	2.32%
ALLE	D	2.3%
EFX	B	2.29%
FTNT	C	2.26%
ETSY	F	2.25%
VEEV	D	2.24%
BMY	F	2.19%
EL	F	2.18%
GOOGL	A	1.74%
TER	A	1.67%
CHRW	C	1.51%
TYL	A	1.47%
AMZN	A	1.42%
PM	B	1.4%
MSFT	A	1.37%
LMT	C	1.35%
SCHW	D	1.34%
CRM	C	1.33%
HON	B	1.33%
WDAY	D	1.31%
ROP	B	1.29%
CLX	D	1.29%
PEP	D	1.28%
BIIB	C	1.28%
ROK	D	1.27%
DIS	D	1.26%
NOC	D	1.26%
HII	D	1.26%
MCHP	C	1.25%
EMR	C	1.24%
BA	C	1.24%
KEYS	D	1.22%
TMO	D	1.19%
BIO	D	1.19%
MAS	D	1.19%
WAT	D	1.18%
MDT	D	1.15%

MOAT Underweight 40 Positions Relative to FOVL

Symbol	Grade	Weight
IBKR	B	-3.32%
TOL	D	-3.27%
SF	B	-3.17%
PNFP	D	-3.17%
FYBR	B	-3.16%
JPM	B	-3.12%
SNV	B	-2.99%
WTM	D	-2.95%
AXS	C	-2.95%
COF	D	-2.84%
HPE	C	-2.83%
JHG	B	-2.78%
ORI	D	-2.76%
WLK	D	-2.72%
FNB	C	-2.69%
T	B	-2.69%
CNA	B	-2.68%
FHB	C	-2.59%
KMI	B	-2.59%
WBS	D	-2.59%
DFS	B	-2.52%
LPX	D	-2.47%
UNM	D	-2.37%
LYB	D	-2.35%
AMG	D	-2.34%
PFG	D	-2.32%
BLDR	F	-2.29%
CUZ	D	-2.28%
STT	C	-2.27%
AN	D	-2.18%
NUE	F	-2.17%
AGR	C	-2.12%
PNW	C	-2.11%
CLF	D	-2.07%
Z	C	-2.07%
THO	D	-2.03%
SNDR	B	-1.89%
ALK	F	-1.71%
LSXMK	C	-1.53%
LLYVK	C	-0.66%