QUAL vs. ECML ETF Comparison

Comparison of iShares MSCI USA Quality Factor ETF (QUAL) to EA Series Trust Euclidean Fundamental Value ETF (ECML)

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.75

Average Daily Volume

893,947

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

ECML

EA Series Trust Euclidean Fundamental Value ETF

ECML Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in U.S. equity securities that the sub-adviser believes are under-valued and under-appreciated by the market. The sub-adviser employs a quantitative and systematic approach to long-term investing. It is expected that the fund will generally hold 60 to 70 stocks that are selected from a universe that includes all publicly traded stocks listed on the New York Stock Exchange ("NYSE") and the Nasdaq Market ("Nasdaq").

Grade (RS Rating)

Last Trade

$35.74

Average Daily Volume

1,188

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QUAL	ECML
30 Days	1.61%	7.29%
60 Days	2.39%	4.81%
90 Days	3.34%	5.05%
12 Months	30.86%	27.68%

4 Overlapping Holdings

Symbol	Grade	Weight in QUAL	Weight in ECML	Overlap
COP	C	1.73%	1.64%	1.64%
DHI	D	0.7%	1.43%	0.7%
MOH	F	0.09%	1.29%	0.09%
PHM	D	0.43%	1.68%	0.43%

QUAL Overweight 119 Positions Relative to ECML

Symbol	Grade	Weight
NVDA	C	6.93%
AAPL	C	5.44%
MSFT	F	4.5%
V	A	4.5%
MA	C	4.22%
META	D	4.09%
LLY	F	3.42%
UNH	C	2.81%
COST	B	2.55%
JNJ	D	2.15%
TJX	A	2.03%
GOOGL	C	1.77%
ADBE	C	1.76%
NFLX	A	1.76%
ADP	B	1.75%
CSCO	B	1.74%
ACN	C	1.67%
GOOG	C	1.55%
KO	D	1.43%
NKE	D	1.41%
CAT	B	1.4%
TXN	C	1.34%
CMG	B	1.26%
AMAT	F	1.17%
QCOM	F	1.15%
LIN	D	1.14%
PEP	F	1.1%
LMT	D	1.08%
BLK	C	0.99%
SRE	A	0.93%
SLB	C	0.89%
KLAC	D	0.77%
MMC	B	0.74%
ANET	C	0.73%
ITW	B	0.73%
LRCX	F	0.73%
PLD	D	0.71%
PEG	A	0.69%
LULU	C	0.66%
VRTX	F	0.62%
CTAS	B	0.6%
GWW	B	0.59%
CDNS	B	0.58%
TPL	A	0.58%
SHW	A	0.57%
PSA	D	0.55%
MCO	B	0.53%
CME	A	0.52%
NVR	D	0.52%
SNPS	B	0.51%
ZTS	D	0.51%
ED	D	0.5%
APH	A	0.5%
MMM	D	0.5%
PAYX	C	0.49%
DECK	A	0.49%
GRMN	B	0.48%
TSCO	D	0.43%
AFL	B	0.42%
FAST	B	0.42%
ATO	A	0.4%
APD	A	0.35%
CBRE	B	0.35%
ODFL	B	0.34%
AMP	A	0.33%
ULTA	F	0.31%
IDXX	F	0.3%
WSM	B	0.29%
BBY	D	0.29%
FERG	B	0.28%
ACGL	D	0.26%
CSGP	D	0.26%
AVB	B	0.24%
EW	C	0.24%
ROK	B	0.22%
POOL	C	0.22%
EQT	B	0.22%
VLTO	D	0.21%
MNST	C	0.21%
NTAP	C	0.21%
MANH	D	0.2%
EA	A	0.2%
A	D	0.2%
APA	D	0.19%
TROW	B	0.19%
MPWR	F	0.18%
EQR	B	0.18%
EME	C	0.17%
RMD	C	0.17%
LPLA	A	0.17%
VEEV	C	0.16%
PPG	F	0.15%
HSY	F	0.15%
KEYS	A	0.15%
CBOE	B	0.14%
WAT	B	0.13%
ROL	B	0.12%
WSO	A	0.12%
WST	C	0.12%
FDS	B	0.12%
EXPD	D	0.12%
GGG	B	0.11%
OMC	C	0.1%
PKG	A	0.1%
ERIE	D	0.09%
RS	B	0.09%
JKHY	D	0.09%
AVY	D	0.08%
PAYC	B	0.08%
UTHR	C	0.08%
SEIC	B	0.07%
MKTX	D	0.07%
ENPH	F	0.06%
SMCI	F	0.06%
AOS	F	0.06%
AFG	A	0.06%
SOLV	C	0.05%
IPG	D	0.05%
WBA	F	0.03%

QUAL Underweight 56 Positions Relative to ECML

Symbol	Grade	Weight
MLI	C	-2.27%
ALSN	B	-2.24%
CALM	A	-2.21%
HSII	B	-2.11%
TOL	B	-1.95%
GPI	A	-1.86%
PRDO	B	-1.84%
CEIX	A	-1.83%
PPC	C	-1.83%
FOXA	B	-1.82%
LNG	B	-1.81%
TMHC	B	-1.78%
OVV	B	-1.77%
INGR	B	-1.76%
SM	B	-1.75%
GRBK	D	-1.74%
MO	A	-1.72%
OSK	B	-1.7%
EOG	A	-1.69%
OC	A	-1.69%
STLD	B	-1.69%
DDS	B	-1.67%
KBH	D	-1.67%
SANM	B	-1.65%
GIII	D	-1.65%
ARCH	B	-1.65%
CMC	B	-1.64%
SIRI	C	-1.62%
VLO	C	-1.6%
TPH	D	-1.6%
COKE	C	-1.6%
HCC	B	-1.58%
PCAR	B	-1.58%
MHO	D	-1.58%
ATKR	C	-1.55%
HESM	B	-1.54%
CF	B	-1.54%
AMR	C	-1.53%
TEX	D	-1.51%
LEN	D	-1.51%
BCC	B	-1.51%
DVN	F	-1.5%
AN	C	-1.48%
MPC	D	-1.48%
NUE	C	-1.48%
ANDE	D	-1.47%
PLAB	C	-1.46%
DINO	D	-1.45%
IMKTA	C	-1.43%
LBRT	D	-1.41%
BG	F	-1.41%
MTH	D	-1.4%
ARW	D	-1.29%
INSW	F	-1.22%
LPG	F	-1.17%
FOR	F	-1.16%