BRAZ vs. INDY ETF Comparison

Comparison of Global X Brazil Active ETF (BRAZ) to iShares S&P India Nifty 50 Index Fund (INDY)

BRAZ

Global X Brazil Active ETF

BRAZ Description

The fund is an actively managed exchange traded fund ("ETF") advised by Global X Management Company LLC (the "Adviser") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, measured at the time of purchase, in equity securities: (i) of issuers domiciled in Brazil; and/or (ii) that are tied economically to Brazil. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.37

Average Daily Volume

282

Number of Holdings ^*

* may have additional holdings in another (foreign) market

INDY

iShares S&P India Nifty 50 Index Fund

INDY Description

The investment seeks to track the investment results of an index composed of 50 of the largest Indian equities. The Subsidiary and the fund will collectively invest at least 80% of the fund's total assets in securities that comprise the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the CNX Nifty IndexTM (the "underlying index"), which measures the equity performance of the top 50 companies by free float market capitalization whose equity securities trade in the Indian securities markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.59

Average Daily Volume

72,029

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BRAZ	INDY
30 Days	-5.86%	-4.50%
60 Days	-7.28%	-4.03%
90 Days	-0.77%	-0.92%
12 Months	-9.49%	17.76%

0 Overlapping Holdings

	Symbol	Grade	Weight in BRAZ	Weight in INDY	Overlap

BRAZ Overweight 12 Positions Relative to INDY

Symbol	Grade	Weight
NU	B	11.19%
PBR	F	9.44%
ITUB	F	8.34%
VALE	D	7.34%
BBD	F	5.22%
EBR	F	3.49%
ASAI	F	3.38%
SUZ	C	2.71%
ARCO	F	2.06%
ELP	F	1.95%
ABEV	F	1.89%
MELI	B	1.1%

BRAZ Underweight 3 Positions Relative to INDY

Symbol	Grade	Weight
HDB	B	-12.04%
IBN	B	-8.3%
WIT	C	-0.73%