CGRO vs. FDNI ETF Comparison

Comparison of CoreValues Alpha Greater China Growth ETF (CGRO) to First Trust Dow Jones International Internet ETF (FDNI)

CGRO

CoreValues Alpha Greater China Growth ETF

CGRO Description

CGRO aims to benefit from high-growth sectors in Greater China without compromising American values and interests. The fund includes companies of all sizes located or primarily traded in mainland China, Taiwan, and Chinas special administrative regions, such as Hong Kong. The portfolio construction starts with top-down macro research, which utilizes publicly available data to identify sectors with the highest growth potential. The fund also conducts on-the-ground due diligence wherein it gains insights from 15 investment professionals located in China. Lastly, a fundamental bottom-up approach is used to analyze company-specific data such as financial reports and management expertise. The weight of each sector and company is determined by the sub-advisers assessment of its growth potential, which may change over time. The fund may invest in China A-shares, depositary receipts, and issuers listed on exchanges outside China.

Grade (RS Rating)

Last Trade

$23.27

Average Daily Volume

739

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDNI

First Trust Dow Jones International Internet ETF

FDNI Description

The investment seeks the results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the Dow Jones International Internet Index (the “index”). The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is developed, maintained and sponsored by S&P Dow Jones Indices LLC and is designed to measure the performance of securities of non-U.S. issuers whose primary business focus is Internet-related. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.48

Average Daily Volume

7,608

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CGRO	FDNI
30 Days	-1.56%	0.56%
60 Days	16.55%	12.49%
90 Days	18.80%	15.45%
12 Months	13.83%	32.67%

4 Overlapping Holdings

Symbol	Grade	Weight in CGRO	Weight in FDNI	Overlap
BABA	D	3.58%	9.74%	3.58%
BIDU	D	2.08%	2.23%	2.08%
PDD	F	9.47%	7.38%	7.38%
TME	D	2.54%	0.67%	0.67%

CGRO Overweight 6 Positions Relative to FDNI

Symbol	Grade	Weight
TCOM	B	7.4%
BEKE	C	4.55%
YMM	C	2.97%
LI	F	1.17%
BILI	D	0.91%
NTES	C	0.35%

CGRO Underweight 9 Positions Relative to FDNI

Symbol	Grade	Weight
SHOP	B	-9.5%
SPOT	A	-5.25%
SE	A	-2.97%
CPNG	D	-2.72%
XRX	F	-1.31%
WIX	A	-0.89%
VIPS	F	-0.45%
BZ	F	-0.42%
MBAVU	C	-0.34%