NIXT vs. FOVL ETF Comparison

Comparison of Research Affiliates Deletions ETF (NIXT) to iShares Focused Value Factor ETF (FOVL)

NIXT

Research Affiliates Deletions ETF

NIXT Description

The index consists of U.S. equity securities of micro-, small- and mid- capitalization companies that are believed to be value stocks. Under normal circumstances, at least 80% of the fund"s total assets (exclusive of collateral held from securities lending) will be invested in U.S. equity securities of micro-, small- and mid- companies.

Grade (RS Rating)

Last Trade

$26.96

Average Daily Volume

43,905

Number of Holdings ^*

137

* 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

$72.41

Average Daily Volume

2,265

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NIXT	FOVL
30 Days	2.45%	3.40%
60 Days	4.82%	10.89%
90 Days		14.47%
12 Months		42.75%

6 Overlapping Holdings

Symbol	Grade	Weight in NIXT	Weight in FOVL	Overlap
AVT	C	0.72%	2.51%	0.72%
CMA	A	0.8%	2.63%	0.8%
CNA	C	0.7%	2.42%	0.7%
CRI	D	0.5%	2.07%	0.5%
FHB	B	0.76%	2.74%	0.76%
PNW	A	0.76%	2.44%	0.76%

NIXT Overweight 131 Positions Relative to FOVL

Symbol	Grade	Weight
LUMN	C	3.79%
SIRI	C	1.21%
LBRDK	C	1.18%
OMCL	C	1.16%
DNLI	C	1.13%
TDS	C	1.13%
VFC	C	1.09%
FTDR	B	1.03%
VNO	C	1.02%
HBI	B	1.0%
SLG	C	0.98%
LITE	B	0.96%
ACIW	B	0.94%
CHRW	A	0.94%
GEN	B	0.91%
SHC	D	0.91%
MKTX	C	0.89%
SNDR	B	0.89%
BFH	B	0.88%
AFRM	B	0.87%
MAC	B	0.86%
BKU	A	0.85%
BIO	C	0.85%
UAA	B	0.82%
CCOI	C	0.82%
BXP	D	0.82%
DEI	B	0.82%
HIW	D	0.81%
CRUS	F	0.81%
AMBA	C	0.8%
RNG	C	0.79%
LNC	B	0.79%
UHS	D	0.79%
EQH	B	0.78%
JWN	B	0.77%
MSGS	B	0.77%
NRG	C	0.77%
FNF	C	0.77%
REG	A	0.77%
SMTC	C	0.76%
RL	B	0.76%
ELS	B	0.75%
RIVN	F	0.74%
FL	F	0.74%
SGRY	F	0.74%
MTCH	F	0.74%
PAYC	B	0.73%
MP	C	0.73%
PNM	B	0.73%
JBGS	F	0.72%
OUT	B	0.72%
DBX	B	0.72%
JKHY	C	0.71%
EPR	D	0.71%
TNL	A	0.71%
NWL	B	0.71%
SABR	B	0.71%
TFSL	A	0.7%
KMX	B	0.7%
EMN	D	0.7%
OGS	B	0.7%
VIR	C	0.7%
HAS	D	0.69%
NVST	C	0.69%
ALE	A	0.69%
MQ	F	0.68%
CTLT	D	0.68%
EQC	C	0.68%
FRT	B	0.68%
FMC	F	0.68%
SAM	B	0.68%
LOPE	B	0.68%
MASI	B	0.67%
HE	F	0.67%
VYX	B	0.67%
SPR	F	0.66%
IAC	F	0.66%
AMED	F	0.66%
DXC	B	0.66%
GAP	B	0.65%
TFX	F	0.65%
JBLU	C	0.65%
APLE	B	0.64%
YETI	D	0.64%
NOMD	F	0.63%
PINC	B	0.63%
PARA	B	0.62%
NEU	C	0.61%
CAR	C	0.6%
ALLY	C	0.59%
MRVI	F	0.59%
HST	D	0.59%
ZD	B	0.59%
PLUG	D	0.58%
HLF	C	0.58%
PK	C	0.56%
CABO	B	0.56%
LCID	F	0.56%
ARWR	C	0.56%
MOS	D	0.55%
ASAN	C	0.55%
CBRL	C	0.53%
NOV	C	0.53%
ACLS	F	0.53%
HP	C	0.53%
NGVT	B	0.53%
VAC	B	0.52%
AEO	F	0.52%
XRAY	F	0.51%
AZTA	F	0.51%
HAE	B	0.5%
RAMP	C	0.5%
ETSY	D	0.49%
KSS	D	0.49%
ENOV	C	0.49%
BMBL	C	0.47%
ZI	C	0.46%
NSP	F	0.46%
NTLA	F	0.45%
HELE	C	0.45%
LEG	F	0.43%
IART	C	0.42%
BBWI	C	0.41%
HTZ	C	0.4%
XRX	F	0.4%
QRVO	F	0.39%
TRIP	D	0.39%
CVI	F	0.34%
SVC	F	0.33%
AGL	F	0.32%
SAGE	F	0.28%

NIXT Underweight 34 Positions Relative to FOVL

Symbol	Grade	Weight
NTRS	A	-2.81%
ETR	B	-2.77%
FHN	A	-2.77%
JHG	A	-2.76%
DFS	B	-2.7%
MTB	A	-2.7%
ALK	A	-2.68%
BAC	A	-2.63%
WTM	A	-2.61%
USB	B	-2.6%
FNB	B	-2.58%
OZK	B	-2.57%
PNC	B	-2.55%
CMCSA	B	-2.54%
D	D	-2.53%
RF	A	-2.52%
AXS	A	-2.51%
FITB	A	-2.51%
OGE	B	-2.49%
RNR	D	-2.47%
EVRG	A	-2.46%
HPE	B	-2.44%
RPRX	F	-2.43%
PRGO	C	-2.41%
PFG	C	-2.4%
VOYA	B	-2.36%
MET	C	-2.36%
CWEN	D	-2.36%
UGI	D	-2.34%
MTG	C	-2.32%
VZ	D	-2.29%
BG	D	-2.19%
ADM	F	-2.17%
CNXC	F	-2.02%