AADR vs. EMGF ETF Comparison

Comparison of WCM BNY Mellon Focused Growth ADR ETF (AADR) to iShares FactorSelect MSCI Emerging ETF (EMGF)

AADR

WCM BNY Mellon Focused Growth ADR ETF

AADR Description

The investment seeks long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index, the fund's primary benchmark, and the MSCI EAFE Index, the fund's secondary benchmark. The sub-advisor seeks to achieve the fund's investment objective by selecting primarily a portfolio of U.S.-traded securities of non-U.S. organizations, most often American Depositary Receipts ("ADRs"), included in the BNY Mellon Classic ADR Index. The fund's investment focus follows the Sub-Advisor's core philosophy of investing in industry-leading non-U.S. organizations led by visionary management teams with sound business strategies.

Grade (RS Rating)

Last Trade

$62.78

Average Daily Volume

1,100

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EMGF

iShares FactorSelect MSCI Emerging ETF

EMGF Description

The investment seeks to track the investment results of the MSCI Emerging Markets Diversified Multiple-Factor Index. The underlying index is designed to select equity securities from MSCI Emerging Markets Index that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent Index. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$46.25

Average Daily Volume

83,939

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AADR	EMGF
30 Days	0.38%	3.03%
60 Days	5.01%	4.80%
90 Days	11.05%	9.81%
12 Months	36.61%	20.04%

1 Overlapping Holdings

	Symbol	Grade	Weight in AADR	Weight in EMGF	Overlap
	CX	D	2.93%	0.15%	0.15%

AADR Overweight 27 Positions Relative to EMGF

Symbol	Grade	Weight
NVO	D	6.52%
YPF	A	4.7%
ABBV	D	3.54%
BBVA	C	3.5%
MUFG	D	3.32%
BMA	A	3.29%
GGAL	A	3.26%
ERJ	A	3.17%
RELX	B	2.79%
HMY	B	2.77%
KOF	A	2.68%
SAP	D	2.66%
ASX	D	2.65%
PAM	B	2.61%
PBR	B	2.56%
FMX	D	2.55%
TNP	A	2.51%
NMR	D	2.41%
NXPI	A	2.3%
ING	A	2.26%
MELI	C	2.24%
SMFG	C	2.18%
LOGI	D	2.05%
E	C	1.82%
VIPS	D	1.82%
VIV	C	1.66%
ELP	D	0.82%

AADR Underweight 16 Positions Relative to EMGF

Symbol	Grade	Weight
BABA	B	-1.91%
HDB	C	-1.05%
IBN	A	-0.89%
KB	B	-0.55%
WIT	D	-0.44%
SHG	C	-0.42%
BIDU	C	-0.39%
UMC	C	-0.38%
TCOM	A	-0.3%
LI	F	-0.28%
SKM	D	-0.07%
CHT	C	-0.06%
MNSO	B	-0.05%
LPL	D	-0.04%
SBSW	D	-0.04%
ATAT	C	-0.01%