AADR vs. IBBQ ETF Comparison

Comparison of WCM BNY Mellon Focused Growth ADR ETF (AADR) to Invesco Nasdaq Biotechnology ETF (IBBQ)

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

IBBQ

Invesco Nasdaq Biotechnology ETF

IBBQ Description

The investment seeks to track the investment results (before fees and expenses) of the Nasdaq Biotechnology Index ®. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq compiles the underlying index, which is a modified market capitalization weighted index that is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The index may include securities of large-, mid- and small-capitalization companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.29

Average Daily Volume

17,582

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

Performance

Period	AADR	IBBQ
30 Days	2.78%	-6.27%
60 Days	6.23%	-8.87%
90 Days	8.46%	-8.76%
12 Months	30.70%	17.68%

1 Overlapping Holdings

	Symbol	Grade	Weight in AADR	Weight in IBBQ	Overlap
	VRNA	B	2.9%	0.28%	0.28%

AADR Overweight 25 Positions Relative to IBBQ

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%
MUFG	B	3.6%
QFIN	A	3.05%
SAP	B	3.04%
BCS	A	2.74%
RELX	D	2.72%
BBVA	D	2.68%
MELI	C	2.68%
SE	A	2.63%
ERIC	C	2.58%
SMFG	B	2.54%
HMY	D	2.49%
TSM	B	2.36%
ING	F	2.13%
TEVA	C	2.13%
CHKP	C	2.09%
NVS	F	2.03%
FUTU	D	1.79%
TCOM	B	1.74%

AADR Underweight 194 Positions Relative to IBBQ

Symbol	Grade	Weight
GILD	C	-9.95%
VRTX	D	-8.34%
AMGN	F	-7.56%
REGN	F	-5.67%
AZN	F	-3.97%
ALNY	D	-3.26%
BIIB	F	-2.52%
ILMN	C	-2.32%
ARGX	B	-1.96%
UTHR	C	-1.75%
VTRS	A	-1.65%
INCY	C	-1.58%
MRNA	F	-1.53%
SNY	F	-1.51%
SMMT	D	-1.43%
BMRN	F	-1.3%
NBIX	C	-1.28%
RPRX	D	-1.24%
INSM	C	-1.23%
SRPT	F	-1.08%
EXEL	B	-1.06%
BNTX	C	-1.05%
MEDP	D	-1.04%
PCVX	D	-1.04%
RVMD	C	-0.99%
ITCI	C	-0.95%
BGNE	D	-0.91%
ROIV	C	-0.89%
JAZZ	B	-0.81%
ASND	F	-0.79%
MDGL	B	-0.67%
CYTK	F	-0.64%
HALO	F	-0.62%
BPMC	B	-0.61%
NUVL	C	-0.56%
IONS	F	-0.54%
KRYS	C	-0.53%
RNA	C	-0.53%
ACLX	C	-0.51%
ALKS	C	-0.5%
ADMA	B	-0.48%
AXSM	B	-0.48%
BBIO	F	-0.48%
CRNX	C	-0.47%
RARE	F	-0.44%
CRSP	D	-0.43%
IMVT	F	-0.42%
GH	B	-0.39%
DNLI	D	-0.39%
RYTM	C	-0.37%
LEGN	D	-0.34%
MRUS	F	-0.34%
APLS	F	-0.34%
XENE	D	-0.33%
AGIO	C	-0.33%
EWTX	C	-0.32%
PTCT	B	-0.32%
DYN	F	-0.31%
FOLD	F	-0.31%
VCYT	B	-0.3%
ACAD	C	-0.3%
KYMR	D	-0.29%
SWTX	C	-0.29%
VCEL	B	-0.28%
IOVA	F	-0.27%
JANX	C	-0.27%
VERA	C	-0.27%
PTGX	D	-0.26%
ARWR	D	-0.25%
GERN	D	-0.24%
IDYA	F	-0.24%
MIRM	B	-0.23%
SRRK	C	-0.23%
KROS	D	-0.23%
TWST	F	-0.23%
AMPH	F	-0.23%
LGND	C	-0.22%
AKRO	B	-0.21%
SUPN	C	-0.21%
BEAM	D	-0.21%
MNKD	C	-0.2%
HRMY	D	-0.2%
FTRE	D	-0.19%
NVCR	C	-0.19%
IRON	B	-0.19%
RXRX	F	-0.18%
TARS	C	-0.18%
WVE	C	-0.18%
ARVN	F	-0.17%
DVAX	C	-0.17%
BCRX	D	-0.16%
NRIX	C	-0.16%
ZLAB	C	-0.15%
TVTX	C	-0.15%
SPRY	C	-0.15%
HROW	D	-0.15%
MYGN	F	-0.15%
NTLA	F	-0.15%
OCUL	D	-0.15%
XNCR	B	-0.15%
RCKT	F	-0.14%
DAWN	D	-0.14%
SNDX	F	-0.14%
AUPH	B	-0.13%
ARDX	F	-0.13%
NVAX	F	-0.13%
INVA	D	-0.13%
ANIP	F	-0.13%
IMCR	D	-0.13%
KURA	F	-0.13%
ARQT	B	-0.12%
VIR	D	-0.12%
CNTA	B	-0.12%
ELVN	D	-0.12%
GRFS	C	-0.12%
COLL	F	-0.1%
COGT	D	-0.1%
CGEM	F	-0.09%
BCYC	F	-0.09%
ETNB	C	-0.09%
GMAB	F	-0.09%
REPL	D	-0.08%
ADPT	C	-0.08%
PLRX	D	-0.08%
ERAS	C	-0.08%
PRTA	F	-0.08%
EOLS	D	-0.08%
PCRX	C	-0.08%
ABCL	D	-0.08%
CSTL	D	-0.08%
AUTL	F	-0.07%
MRVI	F	-0.07%
AVXL	B	-0.07%
IRWD	F	-0.07%
RLAY	F	-0.07%
ABUS	D	-0.07%
HCM	D	-0.06%
OLMA	F	-0.06%
SANA	F	-0.06%
GLPG	F	-0.06%
CVAC	F	-0.06%
MLYS	F	-0.06%
ANAB	F	-0.06%
HUMA	F	-0.06%
PHAT	F	-0.06%
ORIC	F	-0.06%
TSHA	C	-0.05%
SIGA	F	-0.05%
ARCT	F	-0.05%
XERS	C	-0.05%
PACB	F	-0.05%
TERN	F	-0.05%
RVNC	F	-0.05%
FDMT	F	-0.05%
OABI	F	-0.05%
TBPH	B	-0.05%
URGN	F	-0.05%
ALLO	F	-0.05%
RGNX	D	-0.05%
SVRA	F	-0.05%
EYPT	D	-0.05%
YMAB	F	-0.05%
PAHC	C	-0.05%
MGTX	C	-0.05%
THRD	F	-0.05%
LXRX	F	-0.04%
ALEC	F	-0.04%
PRME	F	-0.04%
VERV	F	-0.04%
KALV	F	-0.04%
PGEN	F	-0.03%
BMEA	F	-0.03%
ZNTL	F	-0.03%
ATAI	C	-0.03%
LYEL	F	-0.03%
VNDA	C	-0.03%
ITOS	F	-0.03%
QURE	C	-0.03%
VYGR	F	-0.03%
SAGE	F	-0.03%
ACIU	D	-0.03%
ACRS	B	-0.02%
CABA	F	-0.02%
CRBU	D	-0.02%
FULC	F	-0.02%
AMRN	F	-0.02%
EDIT	F	-0.02%
MGNX	F	-0.02%
BLUE	F	-0.01%
ALXO	F	-0.01%
OVID	F	-0.01%
CHRS	D	-0.01%
VTYX	F	-0.01%
RAPT	F	-0.0%