AADR vs. FRDM ETF Comparison

Comparison of WCM BNY Mellon Focused Growth ADR ETF (AADR) to Freedom 100 Emerging Markets ETF (FRDM)

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

$59.84

Average Daily Volume

1,308

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FRDM

Freedom 100 Emerging Markets ETF

FRDM Description

The investment seeks to track the total return performance, before fees and expenses, of the Freedom 100 Emerging Markets Index (the index). Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index or in depositary receipts representing such component securities. The index is designed to track the performance of a portfolio of approximately 100 equity securities listed in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.31

Average Daily Volume

97,570

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AADR	FRDM
30 Days	-1.91%	-1.42%
60 Days	4.66%	1.77%
90 Days	9.44%	4.88%
12 Months	23.51%	11.91%

2 Overlapping Holdings

	Symbol	Grade	Weight in AADR	Weight in FRDM	Overlap
	CX	B	3.14%	0.22%	0.22%
	FMX	C	2.67%	0.43%	0.43%

AADR Overweight 27 Positions Relative to FRDM

Symbol	Grade	Weight
NVO	C	6.4%
YPF	A	4.7%
MUFG	C	3.36%
ABBV	C	3.28%
BBVA	A	3.2%
BMA	A	3.18%
GGAL	A	3.09%
ERJ	A	3.09%
ASX	B	2.86%
RELX	C	2.79%
HMY	A	2.79%
PAM	D	2.66%
SAP	C	2.66%
NMR	B	2.53%
KOF	C	2.52%
TNP	B	2.5%
ING	A	2.36%
PBR	C	2.35%
MELI	D	2.33%
NXPI	D	2.26%
SMFG	B	2.25%
LOGI	D	2.24%
VIPS	D	1.95%
AVDL	A	1.92%
E	A	1.81%
VIV	D	1.69%
ELP	F	0.82%

AADR Underweight 14 Positions Relative to FRDM

Symbol	Grade	Weight
TSM	B	-9.08%
SQM	D	-4.28%
BCH	A	-2.55%
VALE	F	-1.74%
UMC	D	-1.22%
PKX	F	-1.15%
CHT	B	-1.08%
ITUB	C	-0.97%
GFI	A	-0.85%
BSBR	D	-0.67%
CCU	B	-0.41%
SSL	C	-0.32%
BBD	D	-0.14%
ASR	A	-0.09%