SVAL vs. HAPS ETF Comparison

Comparison of iShares US Small Cap Value Factor ETF (SVAL) to Harbor Corporate Culture Small Cap ETF (HAPS)

SVAL

iShares US Small Cap Value Factor ETF

SVAL Description

The investment seeks to track the investment results of the Russell 2000 Focused Value Select Index composed of U.S. small-capitalization stocks with prominent value characteristics. The index measures the performance of small-capitalization U.S. companies with prominent value factor characteristics, as determined by the index provider. The fund generally will invest at least 80% of its assets in the component securities and other instruments of the index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

Grade (RS Rating)

Last Trade

$35.60

Average Daily Volume

31,423

Number of Holdings ^*

228

* may have additional holdings in another (foreign) market

HAPS

Harbor Corporate Culture Small Cap ETF

HAPS Description

The fund invests at least 80% of its total assets in securities that are included in the index. The index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 200 small cap U.S. companies identified by Irrational Capital LLC those it believes to possess strong corporate culture based on its proprietary scoring methodology.

Grade (RS Rating)

Last Trade

$31.08

Average Daily Volume

121

Number of Holdings ^*

179

* may have additional holdings in another (foreign) market

Performance

Period	SVAL	HAPS
30 Days	9.25%	5.32%
60 Days	7.84%	5.21%
90 Days	7.31%	10.83%
12 Months	28.68%	25.09%

27 Overlapping Holdings

Symbol	Grade	Weight in SVAL	Weight in HAPS	Overlap
APLE	B	0.33%	1.71%	0.33%
BANR	B	0.0%	0.54%	0.0%
BY	B	0.52%	0.17%	0.17%
BZH	C	0.45%	0.25%	0.25%
CASH	B	0.0%	0.43%	0.0%
CCS	D	0.43%	0.57%	0.43%
DK	C	0.22%	0.72%	0.22%
EFSC	B	0.51%	0.47%	0.47%
FRME	B	0.51%	0.56%	0.51%
HTH	C	0.37%	0.32%	0.32%
JBGS	F	0.35%	0.55%	0.35%
KBH	D	0.55%	1.26%	0.55%
LOB	C	0.55%	0.37%	0.37%
MBIN	F	0.47%	0.15%	0.15%
MD	C	0.38%	0.5%	0.38%
OBK	C	0.39%	0.22%	0.22%
RDN	D	0.45%	1.1%	0.45%
REZI	A	0.52%	1.42%	0.52%
RGP	F	0.18%	0.1%	0.1%
RYI	C	0.27%	0.3%	0.27%
SCS	C	0.39%	0.39%	0.39%
SPTN	D	0.27%	0.21%	0.21%
TOWN	B	0.5%	0.49%	0.49%
TRMK	C	0.0%	0.47%	0.0%
VBTX	B	0.0%	0.35%	0.0%
WAFD	B	0.46%	0.62%	0.46%
WGO	C	0.33%	0.39%	0.33%

SVAL Overweight 201 Positions Relative to HAPS

Symbol	Grade	Weight
EBC	B	0.96%
SKYW	C	0.86%
TILE	B	0.84%
LC	A	0.81%
ARIS	A	0.8%
MLI	B	0.78%
HTLF	B	0.73%
GBCI	B	0.64%
UMBF	B	0.64%
FBK	C	0.64%
CXW	C	0.62%
CALM	A	0.61%
QCRH	B	0.61%
MHO	D	0.6%
HSII	B	0.6%
MATX	C	0.6%
TTMI	C	0.6%
SASR	B	0.58%
UVSP	B	0.58%
PATK	C	0.57%
CCB	A	0.56%
SEI	A	0.56%
HBNC	B	0.56%
CTBI	B	0.56%
GABC	B	0.55%
CNX	A	0.55%
AKR	B	0.55%
TMHC	C	0.54%
PFC	B	0.54%
DCOM	B	0.54%
STGW	A	0.52%
UVE	B	0.52%
NIC	B	0.52%
HWC	B	0.52%
CNO	B	0.52%
GHC	B	0.52%
KFY	B	0.52%
SRCE	B	0.51%
ASB	B	0.51%
GMS	B	0.51%
FMBH	B	0.51%
JAKK	C	0.5%
CNOB	B	0.5%
TPH	D	0.5%
UBSI	B	0.49%
HOPE	C	0.49%
ONB	C	0.49%
TCBI	C	0.49%
UNFI	A	0.49%
TMP	B	0.49%
HOMB	A	0.48%
THFF	B	0.48%
BXC	B	0.48%
MTH	D	0.48%
INVA	D	0.48%
WASH	C	0.48%
TCBK	C	0.48%
PRG	C	0.47%
SPNT	B	0.47%
MCS	B	0.47%
AVNT	B	0.47%
STEL	B	0.46%
CFFN	C	0.46%
PGC	B	0.46%
NFBK	C	0.46%
NMIH	C	0.45%
BUSE	B	0.45%
LZB	B	0.45%
PEBO	B	0.45%
NTB	B	0.45%
FFIC	B	0.44%
CVLG	B	0.44%
SIG	B	0.44%
BCC	B	0.44%
OSBC	A	0.44%
BANC	B	0.43%
VSTO	A	0.43%
CVBF	A	0.43%
FIBK	B	0.43%
ESGR	B	0.43%
UFPI	C	0.42%
FDP	B	0.42%
AMWD	C	0.42%
HCC	B	0.42%
ACT	C	0.41%
HTBK	B	0.41%
HUBG	A	0.41%
SBSI	C	0.4%
WKC	C	0.4%
MGY	A	0.39%
EGY	D	0.39%
ALE	A	0.39%
SXC	A	0.39%
VLY	B	0.38%
CEIX	A	0.38%
ESNT	F	0.38%
BNL	D	0.38%
METC	C	0.37%
ABG	C	0.37%
NWE	B	0.37%
ARCB	C	0.36%
AEO	F	0.36%
FOR	F	0.36%
SM	B	0.36%
MNRO	D	0.35%
DEA	D	0.35%
NX	C	0.35%
REPX	A	0.35%
WERN	C	0.34%
CRC	A	0.34%
ATSG	B	0.34%
CAL	F	0.34%
AOSL	C	0.33%
GEF	A	0.33%
NOG	B	0.33%
STNG	F	0.33%
LCII	C	0.32%
ETD	C	0.32%
MLKN	F	0.32%
RLJ	C	0.32%
INSW	F	0.31%
ARCH	B	0.31%
ASIX	B	0.31%
LPG	F	0.31%
ARKO	C	0.3%
AMR	C	0.3%
ANDE	D	0.3%
RMR	F	0.3%
WNC	C	0.3%
HNRG	B	0.3%
IIIN	C	0.3%
HTLD	C	0.28%
KELYA	F	0.27%
LXU	B	0.27%
HPK	B	0.27%
REI	D	0.26%
HP	C	0.26%
MUR	D	0.24%
THRY	D	0.24%
CLW	F	0.23%
WS	C	0.23%
TALO	C	0.23%
FLGT	F	0.22%
MTUS	C	0.22%
OIS	B	0.21%
VSH	F	0.21%
WOR	F	0.21%
ATKR	D	0.2%
TH	C	0.19%
CMT	C	0.19%
PTEN	C	0.19%
BRY	F	0.18%
ODP	F	0.18%
CVI	F	0.18%
DAN	D	0.18%
TWI	F	0.17%
XRX	F	0.17%
TBI	F	0.16%
PARR	F	0.16%
HDSN	F	0.15%
CVGI	F	0.11%
BOOM	F	0.11%
JRVR	F	0.1%
MED	D	0.08%
DTC	F	0.07%
CATY	B	0.0%
GDOT	D	0.0%
PRDO	B	0.0%
PPBI	C	0.0%
EIG	B	0.0%
EGBN	B	0.0%
TRST	B	0.0%
SBCF	B	0.0%
WABC	B	0.0%
HMN	B	0.0%
BRKL	B	0.0%
RNST	B	0.0%
NWBI	B	0.0%
SFNC	C	0.0%
INDB	B	0.0%
OFG	B	0.0%
FFBC	B	0.0%
BHLB	B	0.0%
FBP	C	0.0%
FCF	B	0.0%
HAFC	B	0.0%
PFBC	B	0.0%
STBA	B	0.0%
NBTB	B	0.0%
WSFS	B	0.0%
HFWA	C	0.0%
NBHC	C	0.0%
STC	B	0.0%
FBNC	B	0.0%
FULT	A	0.0%
CADE	B	0.0%
ABCB	B	0.0%
CPF	B	0.0%
AX	B	0.0%
PFS	B	0.0%
AUB	B	0.0%

SVAL Underweight 152 Positions Relative to HAPS

Symbol	Grade	Weight
AWI	A	-2.18%
CBT	D	-2.02%
PECO	A	-1.99%
MOG.A	B	-1.91%
ACLX	C	-1.89%
RYTM	C	-1.76%
EAT	A	-1.72%
PTCT	B	-1.63%
LOPE	C	-1.58%
AGIO	C	-1.55%
AVT	C	-1.53%
NUVL	C	-1.39%
HLNE	B	-1.37%
KYMR	D	-1.32%
HRI	C	-1.32%
TNL	A	-1.3%
NSA	C	-1.26%
GVA	A	-1.25%
TEX	F	-1.24%
OGS	A	-1.24%
KOS	D	-1.2%
PIPR	A	-1.17%
MC	C	-1.14%
TPG	A	-1.13%
SR	A	-1.11%
YETI	D	-1.02%
LBRT	D	-1.0%
POWL	C	-0.98%
CPA	D	-0.96%
SGRY	F	-0.95%
IVT	A	-0.94%
NSP	F	-0.9%
BROS	A	-0.9%
NTLA	F	-0.86%
AIN	C	-0.8%
CAKE	C	-0.79%
PSMT	D	-0.78%
LAUR	A	-0.77%
BHF	C	-0.75%
FHB	B	-0.74%
ALTR	B	-0.74%
SXT	C	-0.73%
UPWK	B	-0.71%
WD	D	-0.71%
HURN	C	-0.69%
STEP	C	-0.69%
ACIW	B	-0.68%
GSAT	C	-0.66%
TRIP	F	-0.64%
AUR	C	-0.62%
BOX	B	-0.62%
APPF	B	-0.6%
TARS	C	-0.6%
WK	B	-0.57%
BFH	C	-0.57%
KURA	F	-0.56%
ALGT	B	-0.55%
PI	D	-0.55%
CMPR	D	-0.54%
COLL	F	-0.51%
LGIH	F	-0.51%
UPST	B	-0.5%
PLMR	A	-0.5%
BKE	B	-0.49%
IRWD	F	-0.49%
TROX	D	-0.49%
FLYW	B	-0.48%
FORM	D	-0.45%
FROG	C	-0.45%
WSBC	B	-0.44%
TDC	D	-0.44%
AESI	B	-0.44%
PRVA	C	-0.43%
ALRM	C	-0.43%
CRAI	C	-0.42%
SCSC	C	-0.41%
NNI	D	-0.4%
IDT	B	-0.4%
MCY	A	-0.38%
PRGS	A	-0.38%
SONO	C	-0.38%
CSTL	D	-0.35%
VERX	A	-0.35%
AMN	F	-0.35%
KFRC	D	-0.35%
RPD	B	-0.34%
CENTA	C	-0.33%
UAA	C	-0.33%
PAR	A	-0.31%
ZETA	D	-0.31%
RGNX	D	-0.29%
DOLE	D	-0.29%
VIAV	C	-0.29%
ENV	B	-0.28%
OXM	F	-0.28%
OPEN	F	-0.27%
EXPI	D	-0.27%
KOP	C	-0.27%
BRZE	C	-0.27%
DOCN	C	-0.26%
EXTR	C	-0.26%
OCFC	B	-0.26%
USNA	C	-0.25%
CARG	B	-0.25%
CALX	D	-0.24%
INTA	B	-0.23%
SPT	C	-0.23%
CGEM	F	-0.23%
CSGS	B	-0.21%
VERV	F	-0.21%
INFN	D	-0.2%
PSCF	B	-0.2%
SDGR	C	-0.19%
FWRG	C	-0.19%
SAGE	F	-0.18%
PRA	C	-0.17%
CARS	C	-0.17%
ARLO	C	-0.17%
ASAN	B	-0.17%
LMB	B	-0.17%
ALKT	B	-0.16%
AMCX	C	-0.16%
ATEN	A	-0.15%
CERT	F	-0.15%
AGS	A	-0.14%
FC	F	-0.14%
COUR	F	-0.13%
VSAT	F	-0.12%
UDMY	D	-0.12%
GDYN	B	-0.12%
YEXT	B	-0.12%
HSTM	B	-0.11%
ALTG	C	-0.1%
BASE	B	-0.1%
NABL	F	-0.1%
HVT	D	-0.1%
ZIP	D	-0.09%
MITK	C	-0.09%
CHGG	C	-0.09%
BIGC	B	-0.08%
NEWT	C	-0.08%
ENFN	B	-0.08%
HCAT	D	-0.07%
IRBT	F	-0.06%
EB	C	-0.06%
SAVE	F	-0.05%
SEMR	C	-0.04%
HMST	F	-0.04%
GPRO	F	-0.04%
DOMO	B	-0.04%
VRA	C	-0.03%
RMAX	C	-0.03%