AADR vs. ILF ETF Comparison

Comparison of WCM BNY Mellon Focused Growth ADR ETF (AADR) to iShares Latin America 40 ETF (ILF)

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

$59.36

Average Daily Volume

1,307

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ILF

iShares Latin America 40 ETF

ILF Description

The investment seeks to track the investment results of an index composed of 40 of the largest Latin American equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P Latin America 40TM (the "underlying index"), which is comprised of selected equities trading on the exchanges of five Latin American countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.07

Average Daily Volume

1,103,370

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AADR	ILF
30 Days	-4.40%	-4.95%
60 Days	3.82%	-4.58%
90 Days	8.57%	-2.45%
12 Months	23.26%	16.21%

2 Overlapping Holdings

	Symbol	Grade	Weight in AADR	Weight in ILF	Overlap
	PBR	B	2.35%	6.21%	2.35%
	VIV	D	1.69%	0.7%	0.7%

AADR Overweight 27 Positions Relative to ILF

Symbol	Grade	Weight
NVO	C	6.4%
YPF	A	4.7%
MUFG	C	3.36%
ABBV	B	3.28%
BBVA	A	3.2%
BMA	A	3.18%
CX	B	3.14%
GGAL	A	3.09%
ERJ	A	3.09%
ASX	B	2.86%
RELX	C	2.79%
HMY	A	2.79%
FMX	D	2.67%
PAM	B	2.66%
SAP	C	2.66%
NMR	B	2.53%
KOF	C	2.52%
TNP	B	2.5%
ING	A	2.36%
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%
ELP	F	0.82%

AADR Underweight 12 Positions Relative to ILF

Symbol	Grade	Weight
VALE	D	-9.26%
ITUB	C	-6.53%
NU	D	-5.77%
BBD	D	-3.12%
BAP	C	-2.38%
ABEV	F	-2.2%
SCCO	A	-2.08%
SQM	D	-1.45%
GGB	B	-1.06%
CIB	B	-0.83%
BSAC	D	-0.62%
EC	A	-0.61%