PVAL vs. DYNF ETF Comparison

Comparison of Putnam Focused Large Cap Value ETF (PVAL) to BlackRock U.S. Equity Factor Rotation ETF (DYNF)

PVAL

Putnam Focused Large Cap Value ETF

PVAL Description

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq U.S. Contrarian Value Index (the index). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities in the Nasdaq US Large Mid Cap Index (the parent index) that appear to be undervalued by the market relative to their fundamental value.

Grade (RS Rating)

Last Trade

$37.85

Average Daily Volume

325,602

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DYNF

BlackRock U.S. Equity Factor Rotation ETF

DYNF Description

The investment seeks to outperform the investment results of the large- and mid-capitalization U.S. equity markets by providing diversified and tactical exposure to style factors via a factor rotation model. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets plus the amount of any borrowings for investment purposes in U.S. listed common stock of large- and mid-capitalization companies selected based on a proprietary Factor Rotation model developed by BFA and its affiliates. It is non-diversified.

Grade (RS Rating)

Last Trade

$49.36

Average Daily Volume

1,145,401

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PVAL	DYNF
30 Days	3.11%	2.38%
60 Days	3.36%	4.32%
90 Days	4.85%	5.06%
12 Months	29.20%	38.82%

13 Overlapping Holdings

Symbol	Grade	Weight in PVAL	Weight in DYNF	Overlap
BAC	D	3.51%	2.96%	2.96%
C	D	2.82%	0.46%	0.46%
GM	C	1.74%	0.7%	0.7%
MCK	F	2.68%	0.0%	0.0%
MSFT	C	2.42%	7.45%	2.42%
ORCL	C	2.74%	0.66%	0.66%
PG	C	2.33%	1.98%	1.98%
PHM	B	2.49%	0.8%	0.8%
QCOM	D	1.84%	0.02%	0.02%
TMUS	C	1.32%	2.34%	1.32%
VLO	F	1.64%	0.01%	0.01%
WMT	C	3.59%	1.5%	1.5%
XOM	C	3.96%	3.91%	3.91%

PVAL Overweight 31 Positions Relative to DYNF

Symbol	Grade	Weight
APO	C	3.45%
REGN	C	3.13%
NXPI	F	3.04%
GS	C	2.95%
KO	C	2.71%
TMO	B	2.67%
COF	B	2.63%
CI	C	2.53%
HLT	B	2.49%
COP	D	2.42%
SNY	B	2.33%
AIG	D	2.3%
JCI	B	2.28%
GLPI	C	2.26%
FDX	C	2.19%
IR	C	2.18%
FCX	D	2.17%
NRG	C	2.07%
BJ	D	1.79%
ORLY	C	1.63%
SCHW	D	1.61%
EXC	C	1.46%
NOC	B	1.4%
CEG	C	1.38%
EMN	B	1.35%
ABBV	C	1.34%
BALL	C	1.3%
CTVA	B	1.3%
LUV	C	1.21%
CHTR	D	1.1%
URI	B	1.1%

PVAL Underweight 81 Positions Relative to DYNF

Symbol	Grade	Weight
NVDA	D	-7.69%
AAPL	C	-7.13%
LEN	B	-4.2%
AMZN	C	-4.18%
BRK.A	C	-4.02%
V	C	-3.95%
JPM	D	-3.92%
META	B	-3.63%
GOOGL	D	-2.71%
UNH	C	-2.63%
COST	B	-2.41%
HIG	B	-2.17%
AVGO	C	-2.07%
PGR	B	-1.75%
MA	B	-1.73%
DUK	C	-1.55%
NOW	B	-1.43%
CSCO	C	-1.31%
GOOG	D	-1.31%
TEL	D	-1.3%
TRV	C	-1.29%
CAT	B	-1.26%
BKNG	C	-1.24%
CRM	D	-1.11%
PANW	D	-1.08%
TJX	B	-1.08%
TT	B	-0.99%
PCAR	D	-0.89%
NFLX	B	-0.81%
GE	B	-0.72%
MPC	F	-0.62%
LIN	B	-0.61%
AMAT	D	-0.6%
TRGP	B	-0.57%
ACGL	C	-0.53%
INTU	C	-0.49%
AXP	B	-0.44%
CVX	D	-0.28%
ETN	C	-0.26%
RTX	C	-0.17%
PH	B	-0.16%
WM	D	-0.16%
APH	D	-0.12%
LLY	C	-0.05%
EG	C	-0.05%
DHI	B	-0.05%
AMD	D	-0.03%
WFC	D	-0.03%
HD	B	-0.02%
CMG	C	-0.02%
GWW	B	-0.02%
DELL	D	-0.01%
ADBE	F	-0.01%
MET	B	-0.01%
MLM	D	-0.01%
SO	B	-0.01%
CRWD	D	-0.01%
CMI	C	-0.01%
WDAY	D	-0.01%
MRK	D	-0.01%
KHC	C	-0.01%
CPNG	B	-0.0%
M	F	-0.0%
SNOW	F	-0.0%
NU	B	-0.0%
HPE	D	-0.0%
NTNX	C	-0.0%
INTC	F	-0.0%
EBAY	B	-0.0%
DIS	D	-0.0%
CFG	C	-0.0%
RSG	D	-0.0%
WTW	C	-0.0%
MO	C	-0.0%
PSX	F	-0.0%
DE	B	-0.0%
AFL	C	-0.0%
CMCSA	D	-0.0%
ANET	B	-0.0%
DOV	B	-0.0%
MMC	C	-0.0%