NSI vs. XCEM ETF Comparison

Comparison of National Security Emerging Markets Index ETF (NSI) to EGShares EM Core ex-China ETF (XCEM)

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

XCEM

EGShares EM Core ex-China ETF

XCEM Description

The investment seeks investment results that correspond to the EGAI Emerging Markets ex-China IndexSM. The fund will invest at least 80% of its net assets in the companies included in the underlying index and generally expects to be substantially invested at such times, with at least 95% of its net assets invested in these securities. The underlying index is a market capitalization-weighted index designed to provide broad, core emerging markets equity exposure by measuring the stock performance of up to 700 companies across the EGAI Emerging Markets Universe, excluding those listed or domiciled in China and Hong Kong. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.28

Average Daily Volume

153,296

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NSI	XCEM
30 Days	-5.26%	-4.01%
60 Days	-0.77%	-4.68%
90 Days	-2.09%	-5.81%
12 Months		9.91%

16 Overlapping Holdings

Symbol	Grade	Weight in NSI	Weight in XCEM	Overlap
ABEV	F	0.71%	0.2%	0.2%
ASAI	F	0.17%	0.43%	0.17%
BRFS	C	0.1%	0.07%	0.07%
CHT	C	2.09%	0.67%	0.67%
ERJ	A	0.18%	0.34%	0.18%
GGB	C	0.24%	0.14%	0.14%
HDB	C	3.61%	1.98%	1.98%
IBN	C	2.21%	1.97%	1.97%
INFY	C	1.22%	1.76%	1.22%
KB	B	1.2%	0.63%	0.63%
SBSW	D	0.22%	0.09%	0.09%
SHG	C	1.19%	0.54%	0.54%
SKM	C	0.75%	0.09%	0.09%
UMC	F	1.85%	0.39%	0.39%
VALE	F	0.99%	0.82%	0.82%
WIT	B	0.43%	0.26%	0.26%

NSI Overweight 72 Positions Relative to XCEM

Symbol	Grade	Weight
TSM	B	11.76%
PDD	F	4.57%
ASX	D	2.09%
MELI	C	1.72%
NTES	D	1.49%
PKX	D	1.33%
PBR	D	1.23%
KT	A	1.12%
WF	C	1.11%
TCOM	B	1.04%
NU	C	0.92%
LPL	D	0.87%
RDY	F	0.86%
FMX	F	0.84%
KEP	B	0.8%
ZTO	F	0.69%
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%
VIPS	F	0.53%
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%
BCH	C	0.4%
ENIC	B	0.4%
GFI	D	0.38%
TLK	D	0.38%
XP	F	0.36%
CIB	B	0.36%
YUMC	C	0.35%
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%
FN	C	0.22%
EC	D	0.18%
SUZ	B	0.18%
EBR	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 0 Positions Relative to XCEM

	Symbol	Grade	Weight

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