AADR vs. KBE ETF Comparison

Comparison of WCM BNY Mellon Focused Growth ADR ETF (AADR) to SPDR S&P Bank ETF (KBE)

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

$67.50

Average Daily Volume

888

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBE

SPDR S&P Bank ETF

KBE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded national money centers and leading regional banks. In seeking to track the performance of the S&P Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.63

Average Daily Volume

1,808,152

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AADR	KBE
30 Days	4.63%	13.14%
60 Days	7.14%	15.82%
90 Days	8.54%	15.94%
12 Months	30.80%	60.85%

0 Overlapping Holdings

	Symbol	Grade	Weight in AADR	Weight in KBE	Overlap

AADR Overweight 26 Positions Relative to KBE

Symbol	Grade	Weight
YPF	B	6.36%
GGAL	C	5.56%
NVO	D	4.85%
BMA	B	4.69%
ERJ	B	4.36%
PAM	A	3.96%
ABBV	D	3.64%
MUFG	B	3.6%
QFIN	B	3.05%
SAP	B	3.04%
VRNA	B	2.9%
BCS	C	2.74%
RELX	C	2.72%
BBVA	F	2.68%
MELI	D	2.68%
SE	B	2.63%
ERIC	B	2.58%
SMFG	B	2.54%
HMY	D	2.49%
TSM	B	2.36%
ING	F	2.13%
TEVA	D	2.13%
CHKP	D	2.09%
NVS	D	2.03%
FUTU	D	1.79%
TCOM	B	1.74%

AADR Underweight 93 Positions Relative to KBE

Symbol	Grade	Weight
APO	B	-1.45%
WFC	A	-1.42%
WBS	A	-1.37%
EWBC	A	-1.32%
PNFP	B	-1.32%
FHN	A	-1.3%
MTB	A	-1.29%
ZION	B	-1.29%
GBCI	B	-1.29%
AX	A	-1.28%
CFR	B	-1.28%
SNV	B	-1.27%
COLB	A	-1.27%
WTFC	A	-1.27%
ASB	B	-1.26%
NTRS	A	-1.25%
HBAN	A	-1.25%
TCBI	B	-1.24%
JXN	C	-1.22%
BAC	A	-1.22%
KEY	B	-1.21%
C	A	-1.21%
BOH	B	-1.21%
RF	A	-1.21%
FCNCA	A	-1.21%
JPM	A	-1.21%
VLY	B	-1.21%
CADE	B	-1.2%
CMA	A	-1.2%
EQH	B	-1.19%
FNB	A	-1.19%
FULT	A	-1.19%
CFG	B	-1.18%
CBSH	A	-1.18%
PNC	B	-1.18%
UMBF	B	-1.17%
HWC	B	-1.17%
OZK	B	-1.17%
BKU	A	-1.16%
BK	A	-1.16%
USB	A	-1.15%
PB	A	-1.15%
HOMB	A	-1.15%
CRBG	B	-1.14%
TBBK	B	-1.14%
ABCB	B	-1.14%
ONB	B	-1.14%
UBSI	B	-1.14%
SSB	B	-1.13%
FITB	A	-1.13%
TFC	A	-1.13%
BANC	A	-1.13%
FFIN	B	-1.13%
VOYA	B	-1.1%
FIBK	A	-1.1%
WAL	B	-1.1%
FBP	B	-1.04%
COOP	B	-1.04%
AUB	B	-1.03%
EBC	B	-1.03%
CVBF	A	-1.02%
PFS	B	-1.0%
CBU	B	-0.99%
MTG	C	-0.99%
BPOP	B	-0.99%
WD	D	-0.99%
RDN	C	-0.98%
CATY	B	-0.97%
INDB	B	-0.97%
BOKF	B	-0.94%
NMIH	D	-0.93%
UCB	A	-0.91%
SFBS	B	-0.9%
PFSI	D	-0.9%
ESNT	D	-0.89%
IBOC	A	-0.89%
FHB	A	-0.88%
WAFD	B	-0.83%
RNST	B	-0.82%
WSFS	A	-0.81%
TFIN	A	-0.79%
PPBI	B	-0.78%
IBTX	B	-0.77%
BANR	B	-0.75%
SBCF	A	-0.72%
RKT	F	-0.69%
SFNC	B	-0.64%
TRMK	B	-0.61%
FFBC	A	-0.61%
HTH	B	-0.58%
FRME	B	-0.56%
LKFN	B	-0.45%
WSBC	A	-0.44%