IZRL vs. BINV ETF Comparison

Comparison of ARK Israel Innovative Technology ETF (IZRL) to Brandes International ETF (BINV)

IZRL

ARK Israel Innovative Technology ETF

IZRL Description

The ARK Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ARK Israeli Innovation Index, which is designed to track the price movements of exchange-listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (‘‘Israeli Companies’’) and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing.

Grade (RS Rating)

Last Trade

$21.50

Average Daily Volume

14,919

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BINV

Brandes International ETF

BINV Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of foreign companies. The fund typically invests in foreign companies with market capitalizations (market value of publicly traded equity securities) greater than $5 billion at the time of purchase.

Grade (RS Rating)

Last Trade

$30.31

Average Daily Volume

19,374

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IZRL	BINV
30 Days	10.20%	-4.39%
60 Days	11.93%	-5.50%
90 Days	7.91%	-5.34%
12 Months	20.99%	14.13%

0 Overlapping Holdings

	Symbol	Grade	Weight in IZRL	Weight in BINV	Overlap

IZRL Overweight 25 Positions Relative to BINV

Symbol	Grade	Weight
SMWB	B	2.78%
FVRR	B	2.72%
SSYS	C	2.54%
PLTK	B	2.33%
INMD	C	2.19%
CYBR	B	2.16%
MGIC	F	2.13%
WIX	B	2.12%
CGNT	B	2.1%
FROG	C	2.07%
RDWR	B	2.07%
ITRN	B	2.04%
NICE	C	2.02%
WKME	C	2.02%
CLBT	B	2.0%
RSKD	D	1.97%
NNOX	C	1.96%
BWAY	B	1.9%
TEVA	D	1.9%
MNDY	C	1.87%
MDWD	D	1.8%
AUDC	D	1.78%
URGN	F	1.78%
CHKP	D	1.75%
SPNS	F	1.54%

IZRL Underweight 18 Positions Relative to BINV

Symbol	Grade	Weight
BABA	D	-2.81%
ERJ	B	-2.42%
GSK	F	-2.29%
GRFS	C	-2.02%
ABEV	F	-1.76%
SAP	B	-1.68%
SNN	D	-1.65%
BCS	C	-1.51%
NVS	D	-1.42%
PHG	D	-1.35%
CX	D	-1.32%
E	F	-1.2%
OTEX	D	-1.15%
HMC	F	-1.13%
MUFG	B	-1.05%
SHG	D	-0.78%
VIV	F	-0.78%
TSM	B	-0.64%