NSI vs. MFEM ETF Comparison

Comparison of National Security Emerging Markets Index ETF (NSI) to PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM)

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

$26.79

Average Daily Volume

1,132

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MFEM

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

MFEM Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor Emerging Markets Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor Emerging Markets Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of factor portfolios, each of which emphasizes one of the following factors: value, low volatility, quality and momentum.

Grade (RS Rating)

Last Trade

$19.65

Average Daily Volume

11,439

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NSI	MFEM
30 Days	-5.26%	-3.93%
60 Days	-0.77%	0.13%
90 Days	-2.09%	-1.09%
12 Months		12.03%

17 Overlapping Holdings

Symbol	Grade	Weight in NSI	Weight in MFEM	Overlap
BCH	C	0.4%	0.16%	0.16%
BRFS	C	0.1%	0.13%	0.1%
CHT	C	2.09%	0.4%	0.4%
FN	C	0.22%	0.09%	0.09%
GGB	C	0.24%	0.15%	0.15%
KB	B	1.2%	0.42%	0.42%
KEP	B	0.8%	0.32%	0.32%
KT	A	1.12%	0.33%	0.33%
LPL	D	0.87%	0.13%	0.13%
PDD	F	4.57%	0.25%	0.25%
SBSW	D	0.22%	0.11%	0.11%
SHG	C	1.19%	0.68%	0.68%
SKM	C	0.75%	0.27%	0.27%
VALE	F	0.99%	0.54%	0.54%
VIPS	F	0.53%	0.23%	0.23%
YUMC	C	0.35%	0.1%	0.1%
ZTO	F	0.69%	0.04%	0.04%

NSI Overweight 71 Positions Relative to MFEM

Symbol	Grade	Weight
TSM	B	11.76%
HDB	C	3.61%
IBN	C	2.21%
ASX	D	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%
WF	C	1.11%
TCOM	B	1.04%
NU	C	0.92%
RDY	F	0.86%
FMX	F	0.84%
ABEV	F	0.71%
BEKE	D	0.67%
ITUB	F	0.66%
SSL	F	0.63%
PHI	D	0.63%
TKC	B	0.61%
LI	F	0.59%
CPNG	D	0.56%
BGNE	D	0.54%
HTHT	D	0.53%
YMM	C	0.51%
SQM	D	0.5%
PAC	B	0.5%
KOF	F	0.49%
ASR	D	0.46%
XPEV	C	0.46%
QFIN	A	0.45%
WIT	B	0.43%
ENIC	B	0.4%
GFI	D	0.38%
TLK	D	0.38%
XP	F	0.36%
CIB	B	0.36%
BILI	D	0.34%
NIO	F	0.34%
OMAB	D	0.34%
BBD	D	0.33%
TAL	F	0.3%
HCM	D	0.27%
CX	F	0.26%
BAP	A	0.25%
TGLS	B	0.24%
BSAC	C	0.24%
BZ	F	0.24%
HMY	D	0.23%
IQ	F	0.22%
VIST	B	0.22%
ATHM	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%
BSBR	F	0.09%
UGP	F	0.09%
BAK	F	0.08%

NSI Underweight 6 Positions Relative to MFEM

Symbol	Grade	Weight
TME	D	-0.46%
SGRP	D	-0.09%
CAR	C	-0.05%
SBLK	F	-0.05%
SIMO	D	-0.04%
AKO.A	F	-0.02%

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