AADR vs. GSIB ETF Comparison

Comparison of WCM BNY Mellon Focused Growth ADR ETF (AADR) to Themes Global Systemically Important Banks ETF (GSIB)

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

$67.45

Average Daily Volume

894

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GSIB

Themes Global Systemically Important Banks ETF

GSIB Description

The fund is an actively managed exchange-traded fund ("ETF") that will invest in the equity securities of companies that operate in the global banking sector. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that are part of the global banking sector and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") that represent such companies in the banking sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.53

Average Daily Volume

2,375

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AADR	GSIB
30 Days	2.78%	4.25%
60 Days	6.23%	7.94%
90 Days	8.46%	8.25%
12 Months	30.70%

4 Overlapping Holdings

Symbol	Grade	Weight in AADR	Weight in GSIB	Overlap
BCS	A	2.74%	3.61%	2.74%
ING	F	2.13%	2.77%	2.13%
MUFG	B	3.6%	3.7%	3.6%
SMFG	B	2.54%	3.59%	2.54%

AADR Overweight 22 Positions Relative to GSIB

Symbol	Grade	Weight
YPF	B	6.36%
GGAL	B	5.56%
NVO	F	4.85%
BMA	C	4.69%
ERJ	A	4.36%
PAM	A	3.96%
ABBV	F	3.64%
QFIN	A	3.05%
SAP	B	3.04%
VRNA	B	2.9%
RELX	D	2.72%
BBVA	D	2.68%
MELI	C	2.68%
SE	A	2.63%
ERIC	C	2.58%
HMY	D	2.49%
TSM	B	2.36%
TEVA	C	2.13%
CHKP	C	2.09%
NVS	F	2.03%
FUTU	D	1.79%
TCOM	B	1.74%

AADR Underweight 12 Positions Relative to GSIB

Symbol	Grade	Weight
WFC	A	-4.31%
MS	A	-4.29%
BK	A	-4.13%
STT	B	-4.08%
GS	A	-3.99%
BAC	A	-3.74%
C	A	-3.73%
JPM	A	-3.72%
MFG	A	-3.69%
HSBC	A	-3.29%
SAN	D	-3.0%
TD	D	-2.89%