NSI vs. KALL ETF Comparison

Comparison of National Security Emerging Markets Index ETF (NSI) to KraneShares MSCI All China Index ETF (KALL)

NSI

National Security Emerging Markets Index ETF

NSI Description

The fund invests at least 80% of its total assets in component securities of the index. The index consists of stocks listed on globally recognized stock exchanges that excludes companies benefiting end-users that, in the view of the sponsor of the fund, National Security Index, LLC (the "Sponsor") pose a threat to the national security interests of the United States.

Grade (RS Rating)

Last Trade

$26.51

Average Daily Volume

1,132

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KALL

KraneShares MSCI All China Index ETF

KALL Description

The investment seeks to provide investment results that correspond to the price and yield performance of the MSCI China All Shares Index. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the index and depositary receipts, including ADRs, representing such components. The index is a free float adjusted market capitalization weighted index designed to track the performance of Chinese exchange-listed equity securities. The securities eligible for inclusion in the index include all types of publicly issued shares of Chinese issuers, such as A-Shares, B-Shares, H-Shares, P-Chips and Red Chips.

Grade (RS Rating)

Last Trade

$20.50

Average Daily Volume

10,020

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NSI	KALL
30 Days	-5.26%	-4.59%
60 Days	-0.77%	12.85%
90 Days	-2.09%	12.38%
12 Months		12.14%

14 Overlapping Holdings

Symbol	Grade	Weight in NSI	Weight in KALL	Overlap
ATHM	C	0.22%	0.17%	0.17%
BEKE	D	0.67%	0.52%	0.52%
BILI	D	0.34%	0.28%	0.28%
BZ	F	0.24%	0.19%	0.19%
HTHT	D	0.53%	0.33%	0.33%
IQ	F	0.22%	0.07%	0.07%
LI	F	0.59%	0.46%	0.46%
NIO	F	0.34%	0.29%	0.29%
PDD	F	4.57%	2.09%	2.09%
QFIN	A	0.45%	0.22%	0.22%
TAL	F	0.3%	0.34%	0.3%
TCOM	B	1.04%	1.16%	1.04%
VIPS	F	0.53%	0.3%	0.3%
YUMC	C	0.35%	0.68%	0.35%

NSI Overweight 74 Positions Relative to KALL

Symbol	Grade	Weight
TSM	B	11.76%
HDB	C	3.61%
IBN	C	2.21%
ASX	D	2.09%
CHT	C	2.09%
UMC	F	1.85%
MELI	C	1.72%
NTES	D	1.49%
PKX	D	1.33%
PBR	D	1.23%
INFY	C	1.22%
KB	B	1.2%
SHG	C	1.19%
KT	A	1.12%
WF	C	1.11%
VALE	F	0.99%
NU	C	0.92%
LPL	D	0.87%
RDY	F	0.86%
FMX	F	0.84%
KEP	B	0.8%
SKM	C	0.75%
ABEV	F	0.71%
ZTO	F	0.69%
ITUB	F	0.66%
SSL	F	0.63%
PHI	D	0.63%
TKC	B	0.61%
CPNG	D	0.56%
BGNE	D	0.54%
YMM	C	0.51%
SQM	D	0.5%
PAC	B	0.5%
KOF	F	0.49%
ASR	D	0.46%
XPEV	C	0.46%
WIT	B	0.43%
BCH	C	0.4%
ENIC	B	0.4%
GFI	D	0.38%
TLK	D	0.38%
XP	F	0.36%
CIB	B	0.36%
OMAB	D	0.34%
BBD	D	0.33%
HCM	D	0.27%
CX	F	0.26%
BAP	A	0.25%
TGLS	B	0.24%
GGB	C	0.24%
BSAC	C	0.24%
HMY	D	0.23%
VIST	B	0.22%
SBSW	D	0.22%
FN	C	0.22%
ERJ	A	0.18%
EC	D	0.18%
SUZ	B	0.18%
EBR	F	0.17%
ASAI	F	0.17%
MMYT	B	0.16%
BVN	D	0.14%
VIV	F	0.14%
STNE	F	0.14%
PAGS	F	0.13%
CRDO	B	0.12%
CIG	C	0.12%
SBS	B	0.11%
CSAN	F	0.1%
ELP	F	0.1%
BRFS	C	0.1%
BSBR	F	0.09%
UGP	F	0.09%
BAK	F	0.08%

NSI Underweight 3 Positions Relative to KALL

Symbol	Grade	Weight
BABA	D	-4.94%
BIDU	F	-0.81%
TME	D	-0.49%

NSI: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Telecom Services Banks - Regional - Asia Internet Content & Information Airports & Air Services Auto Manufacturers Gold Oil & Gas Integrated Semiconductors Specialty Retail Utilities - Regulated Electric Beverages - Brewers Building Materials Chemicals Consumer Electronics Industrial Metals & Minerals Information Technology Services Leisure Oil & Gas Refining & Marketing Software - Application