USCL vs. INRO ETF Comparison

Comparison of iShares Climate Conscious & Transition MSCI USA ETF (USCL) to BlackRock U.S. Industry Rotation ETF (INRO)

USCL

iShares Climate Conscious & Transition MSCI USA ETF

USCL Description

The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$68.59

Average Daily Volume

2,831

Number of Holdings ^*

296

* may have additional holdings in another (foreign) market

INRO

BlackRock U.S. Industry Rotation ETF

INRO Description

INRO is targeted US equity exposure, actively managed by shifting the selection and weighting of the portfolio towards industries among the broad domestic market. Portfolio allocation is based on five potential sources of return: information regarding the current economic cycle, valuation, quality metrics, analyst expectation data and recent individual industry trends. The strategy aims to capture the potential alpha from the dispersion between industry allocations and the broad market. During temporary defensive periods, the fund may depart from this principal investment strategy to invest 100% of the portfolio in liquid, short-term securities. The fund may engage in active and frequent trading. Derivatives may also be used to seek returns or hedge exposure. Up to one-third of the value of the funds assets may be lending.

Grade (RS Rating)

Last Trade

$26.96

Average Daily Volume

4,607

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USCL	INRO
30 Days	4.67%	5.14%
60 Days	11.78%	11.23%
90 Days	3.72%	0.94%
12 Months	37.74%

10 Overlapping Holdings

Symbol	Grade	Weight in USCL	Weight in INRO	Overlap
AAPL	C	5.46%	7.68%	5.46%
AVGO	B	2.16%	1.7%	1.7%
GOOG	B	1.98%	2.47%	1.98%
GOOGL	B	2.28%	2.85%	2.28%
HD	A	1.12%	1.68%	1.12%
META	A	3.51%	3.67%	3.51%
MSFT	D	4.64%	5.95%	4.64%
NVDA	B	5.82%	6.65%	5.82%
TMUS	A	0.31%	2.43%	0.31%
TSLA	C	2.11%	1.99%	1.99%

USCL Overweight 286 Positions Relative to INRO

Symbol	Grade	Weight
AMZN	C	4.77%
LLY	D	2.0%
JPM	C	1.71%
UNH	B	1.51%
XOM	A	1.47%
V	B	1.22%
PG	D	1.16%
MA	A	1.16%
JNJ	D	1.1%
WMT	A	1.0%
ABBV	C	0.97%
NFLX	A	0.86%
KO	C	0.83%
MRK	F	0.81%
ORCL	A	0.79%
BAC	B	0.78%
CRM	B	0.76%
AMD	C	0.75%
CVX	B	0.72%
PEP	F	0.66%
TMO	D	0.66%
ADBE	F	0.65%
LIN	C	0.65%
MCD	A	0.62%
ACN	B	0.62%
CSCO	A	0.6%
IBM	A	0.57%
WFC	B	0.55%
ABT	C	0.55%
QCOM	D	0.54%
TXN	C	0.54%
CAT	A	0.54%
VZ	C	0.53%
DHR	D	0.52%
NOW	B	0.51%
INTU	F	0.49%
AMGN	D	0.49%
NEE	C	0.49%
DIS	D	0.49%
PFE	D	0.47%
CMCSA	B	0.46%
SPGI	C	0.46%
GS	B	0.45%
AXP	A	0.44%
T	B	0.44%
PGR	B	0.42%
UNP	F	0.42%
BKNG	B	0.41%
BLK	A	0.4%
UBER	C	0.4%
ETN	B	0.37%
MS	A	0.36%
COP	D	0.35%
BSX	A	0.35%
VRTX	D	0.34%
PLD	D	0.33%
ADP	A	0.32%
CB	A	0.32%
REGN	D	0.32%
ADI	B	0.32%
NKE	D	0.31%
PANW	B	0.31%
DE	C	0.31%
SBUX	B	0.31%
MMC	D	0.31%
BX	C	0.31%
AMT	D	0.3%
INTC	D	0.29%
BMY	A	0.29%
FI	A	0.29%
GILD	A	0.29%
SCHW	D	0.28%
UPS	D	0.28%
SO	A	0.28%
MDLZ	D	0.28%
MELI	D	0.27%
ICE	A	0.26%
SHW	C	0.26%
TT	A	0.25%
ZTS	C	0.25%
DUK	C	0.25%
EQIX	C	0.24%
CL	D	0.23%
CEG	A	0.23%
WM	B	0.23%
WELL	C	0.22%
CVS	D	0.22%
PYPL	A	0.22%
MCO	D	0.22%
SNPS	F	0.22%
CME	A	0.22%
ITW	C	0.22%
CMG	C	0.22%
FCX	B	0.21%
CTAS	C	0.21%
CDNS	D	0.21%
PLTR	A	0.21%
MMM	C	0.21%
EOG	B	0.2%
USB	C	0.2%
TGT	C	0.2%
CRWD	D	0.19%
CSX	D	0.19%
AON	A	0.19%
NEM	C	0.18%
FDX	F	0.18%
EMR	B	0.18%
CRH	C	0.18%
MCK	F	0.18%
ECL	C	0.18%
ADSK	B	0.17%
HLT	A	0.17%
ROP	D	0.17%
SLB	D	0.17%
AJG	C	0.17%
MAR	A	0.17%
NSC	C	0.16%
ABNB	D	0.16%
WDAY	D	0.15%
JCI	C	0.15%
DLR	C	0.15%
OKE	A	0.15%
SRE	C	0.15%
BK	A	0.15%
GM	D	0.15%
AEP	C	0.15%
TRV	B	0.15%
SPG	A	0.15%
O	C	0.15%
KMB	D	0.14%
AIG	C	0.14%
APO	A	0.14%
FTNT	A	0.14%
CCI	D	0.14%
PCAR	D	0.14%
CMI	A	0.13%
CPRT	B	0.13%
WCN	D	0.13%
FIS	A	0.13%
D	A	0.13%
KDP	C	0.12%
CTVA	A	0.12%
GIS	C	0.12%
F	D	0.12%
STZ	D	0.12%
IDXX	D	0.12%
IQV	F	0.12%
ACGL	A	0.12%
PAYX	B	0.12%
A	B	0.12%
PWR	A	0.12%
KMI	A	0.12%
RSG	D	0.12%
PEG	A	0.12%
HES	D	0.11%
DD	C	0.11%
SQ	D	0.11%
VRSK	D	0.11%
CBRE	C	0.11%
CTSH	B	0.11%
ODFL	F	0.11%
HUM	F	0.11%
MNST	D	0.11%
IT	A	0.11%
YUM	C	0.11%
AME	C	0.11%
EW	F	0.11%
EXC	C	0.11%
OXY	D	0.1%
DELL	C	0.1%
VICI	C	0.1%
SNOW	F	0.1%
HIG	A	0.1%
DFS	A	0.1%
XEL	C	0.1%
ED	C	0.1%
EFX	D	0.1%
NUE	D	0.1%
BKR	B	0.1%
FANG	D	0.09%
CHTR	D	0.09%
ROK	D	0.09%
NDAQ	C	0.09%
MTD	C	0.09%
PPG	D	0.09%
AVB	C	0.09%
LULU	D	0.09%
EBAY	A	0.09%
WAB	A	0.09%
XYL	C	0.09%
MLM	F	0.09%
STT	A	0.08%
GRMN	D	0.08%
FTV	C	0.08%
AWK	D	0.08%
BIIB	F	0.08%
ANSS	D	0.08%
HSY	D	0.08%
WTW	C	0.08%
EL	D	0.07%
ES	D	0.07%
TROW	D	0.07%
DECK	B	0.07%
WY	C	0.07%
NET	D	0.07%
EQR	C	0.07%
BR	B	0.07%
GPN	F	0.07%
TEAM	D	0.07%
CHD	D	0.07%
FSLR	C	0.07%
HUBS	D	0.07%
HPE	B	0.07%
DOV	C	0.07%
PINS	D	0.06%
WSM	C	0.06%
CLX	C	0.06%
TRU	C	0.06%
ILMN	B	0.06%
ATO	A	0.06%
BALL	C	0.06%
MKC	C	0.06%
BAH	C	0.06%
WAT	B	0.06%
CSL	A	0.06%
CBOE	B	0.06%
PTC	B	0.06%
ZBH	F	0.06%
K	B	0.06%
WST	D	0.06%
HUBB	A	0.06%
PNR	C	0.05%
RPM	A	0.05%
FWONK	D	0.05%
IEX	D	0.05%
MANH	A	0.05%
WRB	C	0.05%
FDS	C	0.05%
AVY	D	0.05%
EXPD	D	0.05%
NTRS	B	0.05%
LH	D	0.05%
STLD	C	0.05%
LVS	B	0.05%
ARE	D	0.05%
LII	C	0.05%
ULTA	D	0.05%
REG	C	0.04%
JKHY	A	0.04%
TW	A	0.04%
JBHT	D	0.04%
ACM	A	0.04%
MRO	B	0.04%
GGG	C	0.04%
TRMB	B	0.04%
OC	C	0.04%
KIM	C	0.04%
LNT	B	0.04%
ZS	F	0.04%
GEN	A	0.04%
AKAM	D	0.04%
RVTY	C	0.04%
DOC	C	0.04%
MGM	D	0.03%
DAY	C	0.03%
MTCH	B	0.03%
CPB	D	0.03%
WYNN	B	0.03%
WTRG	D	0.03%
CG	B	0.03%
CRL	F	0.03%
TWLO	B	0.03%
TAP	D	0.03%
INCY	B	0.03%
CTLT	A	0.03%
ALB	D	0.03%
SNAP	D	0.03%
CCK	C	0.03%
TFX	C	0.03%
OKTA	F	0.03%
BXP	B	0.03%
AZPN	A	0.02%
H	B	0.02%
BSY	D	0.02%
PAYC	D	0.02%
DVA	C	0.02%

USCL Underweight 0 Positions Relative to INRO

	Symbol	Grade	Weight