VLUE vs. XTL ETF Comparison

Comparison of iShares MSCI USA Value Factor (VLUE) to SPDR S&P Telecom ETF (XTL)

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

$108.28

Average Daily Volume

285,114

Number of Holdings ^*

148

* may have additional holdings in another (foreign) market

XTL

SPDR S&P Telecom ETF

XTL Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the telecommunications segment of a U.S. total market composite index. In seeking to track the performance of the S&P Telecom Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the telecommunications industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$100.22

Average Daily Volume

11,318

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VLUE	XTL
30 Days	1.02%	7.05%
60 Days	6.97%	18.68%
90 Days	5.70%	28.81%
12 Months	25.08%	47.61%

5 Overlapping Holdings

Symbol	Grade	Weight in VLUE	Weight in XTL	Overlap
CSCO	A	6.02%	4.45%	4.45%
FFIV	B	0.35%	4.35%	0.35%
JNPR	B	0.36%	4.22%	0.36%
T	A	6.02%	4.23%	4.23%
VZ	A	3.22%	4.22%	3.22%

VLUE Overweight 143 Positions Relative to XTL

Symbol	Grade	Weight
IBM	B	4.22%
INTC	D	3.47%
GM	D	2.89%
AMAT	B	2.83%
PFE	D	2.44%
BAC	D	1.93%
RTX	A	1.89%
CVS	D	1.73%
LEN	B	1.7%
DHI	C	1.7%
F	D	1.67%
C	B	1.63%
CI	D	1.51%
BMY	B	1.49%
WFC	D	1.46%
MO	D	1.35%
HPE	B	1.35%
ELV	F	1.26%
GILD	A	1.25%
NXPI	F	1.22%
SPG	A	1.21%
GS	C	1.2%
HPQ	C	1.15%
CTSH	B	1.11%
FDX	D	1.1%
PHM	A	1.07%
GLW	B	1.07%
TEL	D	1.04%
KHC	D	0.85%
VLO	F	0.78%
URI	C	0.76%
ON	F	0.75%
KR	C	0.75%
ADM	D	0.74%
DELL	C	0.74%
CNC	F	0.74%
PCAR	D	0.68%
WBD	D	0.63%
WY	B	0.61%
FANG	D	0.61%
PCG	B	0.6%
JCI	B	0.57%
NTAP	D	0.55%
CMI	B	0.55%
LHX	A	0.54%
COF	C	0.53%
SWKS	F	0.53%
FSLR	C	0.49%
AIG	F	0.49%
TFC	D	0.49%
NUE	D	0.48%
D	A	0.48%
MET	A	0.46%
BK	C	0.44%
MRO	D	0.43%
PRU	C	0.43%
USB	C	0.43%
TSN	D	0.42%
BBY	B	0.42%
ZM	C	0.41%
VTRS	D	0.41%
BLDR	B	0.4%
VST	A	0.39%
GEN	B	0.39%
EXPE	B	0.39%
TAP	D	0.36%
CTRA	D	0.34%
PPL	A	0.33%
OC	C	0.33%
OVV	F	0.31%
FOXA	A	0.31%
WAB	A	0.3%
CAG	D	0.29%
JBL	D	0.29%
DOW	B	0.29%
QRVO	F	0.28%
EVRG	C	0.27%
PARA	F	0.27%
TXT	F	0.26%
LYB	D	0.26%
STLD	B	0.26%
MTB	C	0.26%
ES	C	0.25%
SSNC	C	0.25%
SJM	C	0.25%
LKQ	F	0.25%
HST	D	0.24%
STT	C	0.24%
EQT	B	0.24%
CFG	D	0.23%
WBA	F	0.23%
UTHR	C	0.23%
TWLO	B	0.23%
HIG	A	0.23%
LH	D	0.23%
BG	F	0.22%
RPRX	B	0.22%
AZPN	C	0.22%
ATO	A	0.22%
UHS	D	0.21%
LDOS	A	0.2%
DAL	C	0.2%
KNX	D	0.19%
DGX	B	0.19%
GPN	F	0.19%
SNA	A	0.19%
FITB	C	0.19%
MAA	C	0.19%
DINO	F	0.18%
APTV	D	0.18%
MOS	D	0.18%
CHK	D	0.18%
RF	C	0.18%
CNH	B	0.18%
APA	F	0.18%
SYF	B	0.18%
EG	B	0.18%
FOX	A	0.17%
CF	A	0.17%
AKAM	D	0.16%
IP	C	0.16%
SOLV	C	0.15%
CPT	C	0.14%
FBIN	C	0.14%
HBAN	D	0.14%
SW	C	0.13%
HII	F	0.13%
SWK	A	0.13%
UHAL	A	0.13%
EMN	C	0.12%
KEY	C	0.12%
NLY	C	0.12%
ACI	F	0.12%
L	D	0.12%
EQH	C	0.11%
LUV	B	0.11%
FCNCA	D	0.1%
DVA	C	0.09%
FNF	A	0.09%
ALLY	F	0.09%
WLK	C	0.06%
BEN	F	0.06%
BIO	B	0.06%

VLUE Underweight 33 Positions Relative to XTL

Symbol	Grade	Weight
LITE	A	-4.83%
CIEN	A	-4.6%
ANET	A	-4.42%
CCOI	B	-4.38%
TMUS	A	-4.23%
MSI	A	-4.22%
FYBR	C	-4.09%
IRDM	B	-3.8%
LUMN	C	-3.65%
NPAB	D	-3.55%
TDS	B	-3.12%
INFN	C	-2.96%
EXTR	C	-2.93%
VSAT	F	-2.73%
CALX	C	-2.72%
NTCT	B	-1.82%
HLIT	C	-1.75%
VIAV	B	-1.75%
USM	C	-1.43%
UI	A	-1.38%
LILAK	D	-1.22%
COMM	C	-1.2%
GOGO	F	-0.94%
AAOI	D	-0.93%
ATEX	D	-0.76%
BAND	D	-0.71%
GSAT	F	-0.67%
DGII	B	-0.66%
CLFD	D	-0.6%
SHEN	F	-0.41%
IDT	C	-0.4%
NTGR	C	-0.35%
AVNW	F	-0.24%