FRDM vs. KWT ETF Comparison

Comparison of Freedom 100 Emerging Markets ETF (FRDM) to VanEck Vectors Solar Energy ETF (KWT)

FRDM

Freedom 100 Emerging Markets ETF

FRDM Description

The investment seeks to track the total return performance, before fees and expenses, of the Freedom 100 Emerging Markets Index (the index). Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index or in depositary receipts representing such component securities. The index is designed to track the performance of a portfolio of approximately 100 equity securities listed in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.97

Average Daily Volume

83,939

Number of Holdings ^*

16

* may have additional holdings in another (foreign) market

KWT

VanEck Vectors Solar Energy ETF

KWT Description

The investment seeks to track the investment results of a broad-based equity index with exposure to Kuwait, as defined by the index provider. The fund seeks to track the investment results of the MSCI All Kuwait Select Size Liquidity Capped Index (the ?underlying index?), which is designed to measure the performance of the Kuwait equity universe. The underlying index is a free float-adjusted market capitalization weighted index with a capping methodology applied to avoid concentration. BFA uses a representative sampling indexing strategy to manage the fund. It may or may not hold all of the securities in the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.46

Average Daily Volume

24,505

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	FRDM	KWT
30 Days	-2.29%	-2.29%
60 Days	6.94%	1.51%
90 Days	5.98%	-2.00%
12 Months	10.32%	2.68%

0 Overlapping Holdings

	Symbol	Grade	Weight in FRDM	Weight in KWT	Overlap

FRDM Overweight 16 Positions Relative to KWT

	Symbol	Grade	Weight
	TSM	A	10.62%
	SQM	F	3.63%
	BCH	C	2.66%
	VALE	F	1.6%
	UMC	A	1.26%
	CHT	A	1.06%
	PKX	F	1.02%
	ITUB	D	0.9%
	GFI	F	0.76%
	BSBR	F	0.59%
	CCU	F	0.39%
	FMX	F	0.35%
	SSL	D	0.24%
	CX	F	0.16%
	BBD	F	0.11%
	ASR	D	0.09%

FRDM Underweight 1 Positions Relative to KWT

	Symbol	Grade	Weight
	AMBC	F	-2.5%

FRDM: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Beverages - Brewers Semiconductors Airports & Air Services Building Materials Chemicals Gold Industrial Metals & Minerals Oil & Gas Integrated Steel Telecom Services

Keywords: Bank Financial Products Mining Alcohol Cash Management Services Chloride Cola Currency Demand Deposit Deposit Products Distribution Network Drink Factoring Ferrous Fruit Insurance Broker Insurance Brokerage Investment Banking Investment Product Machinery

KWT: Top Represented Industries & Keywords

Industries: Insurance - Specialty

Keywords: Bond Insurance Conduit Finance Obligations Financial Guarantee Insurance Interest Rate Swap Investment Product Mortgage Backed Security Structured Finance Swaps