BRF vs. FDLS ETF Comparison

Comparison of Market Vectors Brazil Small-Cap ETF (BRF) to Inspire Fidelis Multi Factor ETF (FDLS)

BRF

Market Vectors Brazil Small-Cap ETF

BRF Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors® Brazil Small-Cap Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The Brazil Small-Cap Index is comprised of securities of Brazilian small-capitalization companies. A company is considered to be a Brazilian company if it is incorporated in Brazil or generates at least 50% of its revenues (or, in certain circumstances, has at least 50% of its assets) in Brazil. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$15.11

Average Daily Volume

3,008

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

FDLS

Inspire Fidelis Multi Factor ETF

FDLS Description

Inspire Fidelis Multi Factor ESG ETF is an exchange traded fund launched by Northern Lights Fund Trust IV. The fund is managed by Inspire Investing, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the WI Fidelis Multi-Cap, Multi-Factor ESG Index, by using full replication technique. Inspire Fidelis Multi Factor ESG ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$29.19

Average Daily Volume

12,096

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	BRF	FDLS
30 Days	-8.28%	-3.89%
60 Days	-9.30%	-1.94%
90 Days	-8.46%	0.91%
12 Months	16.64%	22.78%

0 Overlapping Holdings

	Symbol	Grade	Weight in BRF	Weight in FDLS	Overlap

BRF Overweight 9 Positions Relative to FDLS

	Symbol	Grade	Weight
	ARCO	D	2.97%
	AGRO	B	1.55%
	AZUL	F	1.53%
	SGH	D	1.29%
	VTEX	D	0.86%
	AFYA	D	0.76%
	EE	A	0.61%
	VINP	C	0.61%
	ITRN	D	0.4%

BRF Underweight 9 Positions Relative to FDLS

	Symbol	Grade	Weight
	VITL	A	-1.13%
	FCNCA	A	-1.07%
	FOR	D	-1.06%
	EHC	A	-1.05%
	SPNS	B	-1.03%
	TLS	C	-1.03%
	RXST	A	-1.03%
	OMI	D	-1.02%
	TCMD	F	-1.02%

BRF: Top Represented Industries & Keywords

Industries: Airlines Asset Management Communication Equipment Education & Training Services Farm Products Restaurants Semiconductor Memory Software - Application Utilities - Renewable

Keywords: Fuel Acquisition Advisory Services Agriculture Airline Aviation Bagasse Car Manufacturers Cattle Coffee Cogeneration Communication Products Communications Products Computer Data Storage Computer Memory Computing Concierge Services Control Center Cotton Crops Dimm

FDLS: Top Represented Industries & Keywords

Industries: Medical Devices Banks - Regional - US Farm Products Information Technology Services Medical Care Medical Distribution Real Estate - General Software - Infrastructure

Keywords: Federal Government Asset Management Services Bank Banking Banking Services Business Process Outsourcing Business Process Outsourcing Services Cataract Surgery Cataracts Chronic Condition Chronic Venous Insufficiency Clinic Cloud Computing Computer Security Computing Cryptography Cybersecurity Cybersecurity Solutions Cyberwarfare Data Security