VLUE vs. DVAL ETF Comparison

Comparison of iShares MSCI USA Value Factor (VLUE) to Dynamic US Large Cap Value ETF (DVAL)

VLUE

iShares MSCI USA Value Factor

VLUE Description

The investment seeks to track the performance of MSCI USA Value Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, before fees and expenses. The fund 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 MSCI USA Value Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$114.13

Average Daily Volume

324,164

Number of Holdings ^*

148

* may have additional holdings in another (foreign) market

DVAL

Dynamic US Large Cap Value ETF

DVAL Description

Dynamic US Large Cap Value ETF is an exchange traded fund launched by Franklin Resources, Inc. It is managed by Franklin Advisers, Inc. and Brandywine Global Investment Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies, within the market capitalization range of the Russell 1000 Index. The fund employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Russell 1000 Value Index and the S&P 500 Index. It employs proprietary research to create its portfolio. Dynamic US Large Cap Value ETF was formed on December 27, 2006 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.92

Average Daily Volume

7,020

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	VLUE	DVAL
30 Days	4.45%	4.63%
60 Days	5.68%	5.94%
90 Days	7.63%	7.93%
12 Months	25.66%	28.10%

26 Overlapping Holdings

Symbol	Grade	Weight in VLUE	Weight in DVAL	Overlap
BG	F	0.2%	0.7%	0.2%
BLDR	D	0.36%	1.86%	0.36%
BMY	B	1.55%	0.68%	0.68%
CF	B	0.16%	0.83%	0.16%
CSCO	B	6.43%	3.43%	3.43%
DVA	B	0.08%	0.31%	0.08%
EMN	D	0.1%	0.23%	0.1%
EQH	B	0.12%	0.6%	0.12%
EXPE	B	0.48%	0.66%	0.48%
FANG	D	0.6%	0.15%	0.15%
FOXA	B	0.33%	0.51%	0.33%
GM	B	3.6%	3.32%	3.32%
IBM	C	3.86%	4.21%	3.86%
JBL	B	0.31%	0.89%	0.31%
KHC	F	0.74%	0.98%	0.74%
LYB	F	0.22%	1.44%	0.22%
MRO	B	0.44%	0.64%	0.44%
NUE	C	0.45%	1.15%	0.45%
OC	A	0.36%	0.9%	0.36%
PCAR	B	0.76%	1.2%	0.76%
PHM	D	0.94%	1.05%	0.94%
STLD	B	0.27%	1.41%	0.27%
TXT	D	0.24%	0.5%	0.24%
VLO	C	0.78%	1.26%	0.78%
VZ	C	2.91%	0.43%	0.43%
WFC	A	1.92%	0.71%	0.71%

VLUE Overweight 122 Positions Relative to DVAL

Symbol	Grade	Weight
T	A	6.04%
INTC	D	3.65%
AMAT	F	2.37%
BAC	A	2.25%
PFE	D	2.07%
C	A	1.78%
RTX	C	1.77%
F	C	1.68%
LEN	D	1.49%
CVS	D	1.46%
MO	A	1.45%
GS	A	1.43%
DHI	D	1.4%
HPE	B	1.4%
CI	F	1.37%
GILD	C	1.29%
SPG	B	1.26%
HPQ	B	1.19%
FDX	B	1.18%
NXPI	D	1.12%
GLW	B	1.1%
CTSH	B	1.1%
TEL	B	1.02%
ELV	F	0.97%
DELL	C	0.84%
URI	B	0.77%
KR	B	0.75%
WBD	C	0.7%
ON	D	0.67%
COF	B	0.66%
ADM	D	0.65%
PCG	A	0.63%
JCI	C	0.61%
CMI	A	0.6%
CNC	D	0.57%
WY	D	0.55%
TFC	A	0.54%
LHX	C	0.53%
NTAP	C	0.52%
AIG	B	0.5%
USB	A	0.48%
D	C	0.47%
ZM	B	0.47%
BK	A	0.47%
MET	A	0.46%
SWKS	F	0.46%
VST	B	0.45%
VTRS	A	0.45%
PRU	A	0.45%
TSN	B	0.44%
GEN	B	0.42%
FSLR	F	0.38%
BBY	D	0.38%
TAP	C	0.38%
FFIV	B	0.37%
CTRA	B	0.35%
TWLO	A	0.34%
OVV	B	0.33%
JNPR	F	0.33%
WAB	B	0.32%
PPL	B	0.32%
MTB	A	0.31%
EQT	B	0.28%
PARA	C	0.27%
EVRG	A	0.27%
CFG	B	0.26%
STT	A	0.26%
SSNC	B	0.25%
DAL	C	0.25%
LKQ	D	0.24%
SYF	B	0.24%
LH	C	0.24%
UTHR	C	0.23%
ATO	A	0.23%
AZPN	A	0.23%
SNA	A	0.23%
DOW	F	0.23%
CAG	D	0.23%
HST	C	0.23%
WBA	F	0.22%
SJM	D	0.22%
ES	D	0.22%
HIG	B	0.22%
FITB	A	0.21%
GPN	B	0.21%
EXE	B	0.2%
RF	A	0.2%
LDOS	C	0.19%
IP	B	0.19%
MAA	B	0.19%
RPRX	D	0.19%
DGX	A	0.19%
KNX	B	0.19%
FOX	A	0.18%
UHS	D	0.18%
QRVO	F	0.18%
EG	C	0.17%
MOS	F	0.17%
CNH	C	0.17%
HBAN	A	0.17%
DINO	D	0.16%
APA	D	0.15%
AKAM	D	0.14%
SOLV	C	0.14%
L	A	0.13%
APTV	D	0.13%
CPT	B	0.13%
SW	A	0.13%
KEY	B	0.13%
FCNCA	A	0.12%
ACI	C	0.12%
LUV	C	0.12%
UHAL	D	0.11%
FBIN	D	0.11%
NLY	C	0.11%
ALLY	C	0.1%
SWK	D	0.1%
FNF	B	0.09%
HII	D	0.09%
BEN	C	0.06%
WLK	D	0.05%
BIO	D	0.05%

VLUE Underweight 84 Positions Relative to DVAL

Symbol	Grade	Weight
LMT	D	-4.4%
CMCSA	B	-4.34%
DE	A	-3.88%
TMUS	B	-3.65%
HON	B	-3.53%
CAT	B	-3.17%
COP	C	-3.1%
MPC	D	-2.74%
PYPL	B	-2.36%
CVX	A	-2.2%
JNJ	D	-1.56%
AXP	A	-1.5%
WMT	A	-1.37%
MMM	D	-1.33%
WMB	A	-1.32%
CSL	C	-1.06%
EXPD	D	-1.04%
RS	B	-0.97%
PG	A	-0.96%
GIS	D	-0.95%
SCI	B	-0.93%
EBAY	D	-0.78%
NRG	B	-0.77%
MGM	D	-0.76%
CRBG	B	-0.74%
PSX	C	-0.71%
DRI	B	-0.67%
MLM	B	-0.66%
ORI	A	-0.65%
IPG	D	-0.65%
NVR	D	-0.64%
AMGN	D	-0.63%
AN	C	-0.62%
CPAY	A	-0.6%
AFG	A	-0.58%
EOG	A	-0.53%
BERY	B	-0.52%
DIS	B	-0.52%
WH	B	-0.49%
EVR	B	-0.48%
ARMK	B	-0.47%
OMF	A	-0.45%
SYY	B	-0.45%
MTG	C	-0.45%
NXST	C	-0.42%
TRMB	B	-0.41%
AMG	B	-0.4%
FLEX	A	-0.4%
TRGP	B	-0.37%
MRK	F	-0.35%
BC	C	-0.35%
RL	B	-0.33%
KBH	D	-0.33%
SAIC	F	-0.31%
TOL	B	-0.31%
MUSA	A	-0.29%
R	B	-0.28%
DKS	C	-0.27%
BCC	B	-0.26%
RHI	B	-0.26%
AM	A	-0.25%
AOS	F	-0.23%
COKE	C	-0.22%
EXP	A	-0.22%
BLD	D	-0.2%
PVH	C	-0.19%
H	B	-0.18%
SNX	C	-0.18%
INGR	B	-0.17%
CBT	C	-0.17%
CNM	D	-0.17%
MDU	D	-0.14%
NEU	C	-0.14%
FMC	D	-0.13%
WEX	D	-0.13%
BYD	C	-0.13%
CHX	C	-0.1%
GPK	C	-0.1%
TPR	B	-0.09%
RDN	C	-0.08%
OMC	C	-0.05%
WSC	D	-0.04%
VOYA	B	-0.04%
WCC	B	-0.0%