VLUE vs. VABS ETF Comparison

Comparison of iShares MSCI USA Value Factor (VLUE) to Virtus Newfleet ABS/MBS ETF (VABS)

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

VABS

Virtus Newfleet ABS/MBS ETF

VABS Description

The Fund seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. A disciplined, time-tested investment process and rigorous risk management approach seeks to target ABS and MBS with competitive yield and current income across undervalued areas of securitized credit markets.

Grade (RS Rating)

Last Trade

$24.17

Average Daily Volume

2,387

Number of Holdings ^*

50

* may have additional holdings in another (foreign) market

Performance

Period	VLUE	VABS
30 Days	4.45%	0.28%
60 Days	5.68%	0.04%
90 Days	7.63%	0.27%
12 Months	25.66%	6.93%

5 Overlapping Holdings

	Symbol	Grade	Weight in VLUE	Weight in VABS	Overlap
	ALLY	C	0.1%	0.1%	0.1%
	COF	B	0.66%	0.01%	0.01%
	EQH	B	0.12%	0.01%	0.01%
	F	C	1.68%	0.87%	0.87%
	NLY	C	0.11%	0.03%	0.03%

VLUE Overweight 143 Positions Relative to VABS

	Symbol	Grade	Weight
	CSCO	B	6.43%
	T	A	6.04%
	IBM	C	3.86%
	INTC	D	3.65%
	GM	B	3.6%
	VZ	C	2.91%
	AMAT	F	2.37%
	BAC	A	2.25%
	PFE	D	2.07%
	WFC	A	1.92%
	C	A	1.78%
	RTX	C	1.77%
	BMY	B	1.55%
	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%
	PHM	D	0.94%
	DELL	C	0.84%
	VLO	C	0.78%
	URI	B	0.77%
	PCAR	B	0.76%
	KR	B	0.75%
	KHC	F	0.74%
	WBD	C	0.7%
	ON	D	0.67%
	ADM	D	0.65%
	PCG	A	0.63%
	JCI	C	0.61%
	FANG	D	0.6%
	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%
	EXPE	B	0.48%
	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%
	NUE	C	0.45%
	MRO	B	0.44%
	TSN	B	0.44%
	GEN	B	0.42%
	FSLR	F	0.38%
	BBY	D	0.38%
	TAP	C	0.38%
	FFIV	B	0.37%
	BLDR	D	0.36%
	OC	A	0.36%
	CTRA	B	0.35%
	TWLO	A	0.34%
	FOXA	B	0.33%
	OVV	B	0.33%
	JNPR	F	0.33%
	WAB	B	0.32%
	PPL	B	0.32%
	JBL	B	0.31%
	MTB	A	0.31%
	EQT	B	0.28%
	PARA	C	0.27%
	EVRG	A	0.27%
	STLD	B	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%
	TXT	D	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%
	LYB	F	0.22%
	ES	D	0.22%
	HIG	B	0.22%
	FITB	A	0.21%
	GPN	B	0.21%
	BG	F	0.2%
	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%
	CF	B	0.16%
	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%
	SWK	D	0.1%
	EMN	D	0.1%
	FNF	B	0.09%
	HII	D	0.09%
	DVA	B	0.08%
	BEN	C	0.06%
	WLK	D	0.05%
	BIO	D	0.05%

VLUE Underweight 45 Positions Relative to VABS

	Symbol	Grade	Weight
	RLJ	C	-4.48%
	BW	D	-2.27%
	EFC	C	-1.89%
	BFS	C	-1.53%
	EQC	B	-1.49%
	DRH	B	-1.35%
	PBI	B	-1.34%
	TWO	D	-1.26%
	ARR	D	-1.25%
	GNL	F	-0.94%
	MFA	D	-0.86%
	CIM	D	-0.82%
	IVR	F	-0.78%
	DBRG	F	-0.62%
	ET	A	-0.55%
	EPR	D	-0.47%
	MITT	D	-0.45%
	CTO	B	-0.29%
	PSEC	D	-0.23%
	TDS	B	-0.23%
	PMT	D	-0.21%
	AHH	D	-0.17%
	SHO	C	-0.17%
	LXP	D	-0.17%
	INN	D	-0.16%
	ATCOL	A	-0.15%
	BHR	B	-0.15%
	UMH	C	-0.11%
	ABR	C	-0.1%
	FTAI	B	-0.06%
	ALTG	C	-0.05%
	FHN	A	-0.04%
	AL	B	-0.04%
	CIO	D	-0.03%
	SNV	B	-0.02%
	DX	B	-0.02%
	CODI	B	-0.02%
	PEB	D	-0.01%
	CNO	A	-0.01%
	VNO	B	-0.01%
	BOH	B	-0.01%
	SF	B	-0.01%
	IFF	D	-0.01%
	JPM	A	-0.01%
	NEE	D	-0.01%

VLUE: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Semiconductors Communication Equipment Health Care Plans Software - Application Utilities - Regulated Electric Aerospace & Defense Asset Management Banks - Global Diagnostics & Research Drug Manufacturers - Major Farm Products Information Technology Services Insurance - Diversified Packaged Foods Residential Construction Telecom Services Agricultural Inputs Airlines

Keywords: S&P 500 Bank Nasdaq 100 Insurance Natural Gas Computing Banking Telecommunications Cash Management Commercial Banking Electricity Financial Products Investment Bank Investment Management Aerospace Asset Management Services Dow Jones Component Electronics Insurance Products Real Estate Investment Trust

VABS: Top Represented Industries & Keywords

Industries: REIT - Diversified REIT - Hotel & Motel REIT - Residential Banks - Regional - US REIT - Office Conglomerates REIT - Retail Rental & Leasing Services Specialty Finance Asset Management Auto Manufacturers Banks - Global Business Equipment Capital Markets Credit Services Electronic Components Insurance - Diversified Insurance - Life Oil & Gas Midstream Real Estate - General

Keywords: Real Estate Investment Trust Mortgage Loan Mortgage Backed Security Structured Finance Banking Residential Mortgage Backed Security Bank Commercial Banking Real Estate Market S&P 500 Real Estate Loans U.S. Government Annuity Products Asset Management Commercial Bank Commercial Mortgage Backed Security Financial Products Government Agency Hospitality Industry Hotel