VRAI vs. CWI ETF Comparison

Comparison of Virtus Real Asset Income ETF (VRAI) to SPDR MSCI ACWI ex-US ETF (CWI)

VRAI

Virtus Real Asset Income ETF

VRAI Description

The investment seeks investment results that correspond the price and yield performance of the Indxx Real Asset Income Index (the "underlying index"). Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the underlying index. The underlying index is designed to track the performance of U.S.-listed "Real Asset" companies, as defined by Indxx, LLC, the index provider of the underlying index. The underlying index includes common stock, real estate investment trusts, master limited partnerships, American depositary receipts and global depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.70

Average Daily Volume

3,566

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CWI

SPDR MSCI ACWI ex-US ETF

CWI Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the MSCI All Country World Index ex USA. It invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in ADRs or GDRs based on securities comprising the index. The index is a float-adjusted market capitalization index that is designed to measure the combined equity market performance of developed and emerging market countries excluding the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.55

Average Daily Volume

215,750

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VRAI	CWI
30 Days	-1.53%	1.13%
60 Days	1.64%	1.06%
90 Days	6.32%	6.29%
12 Months	4.26%	11.75%

7 Overlapping Holdings

Symbol	Grade	Weight in VRAI	Weight in CWI	Overlap
CIG	A	1.12%	0.04%	0.04%
ENIC	D	1.11%	0.05%	0.05%
GGB	D	1.05%	0.03%	0.03%
SBSW	C	1.16%	0.01%	0.01%
SID	F	0.91%	0.02%	0.02%
VALE	C	1.06%	0.17%	0.17%
VALE	C	1.06%	0.01%	0.01%

VRAI Overweight 75 Positions Relative to CWI

Symbol	Grade	Weight
GFI	B	1.25%
PBR	B	1.24%
BRY	B	1.21%
CWEN	B	1.19%
DVN	B	1.18%
PXD	B	1.18%
SCCO	B	1.18%
FANG	B	1.17%
EOG	B	1.17%
NEP	C	1.17%
ARLP	A	1.17%
COP	C	1.16%
AVA	B	1.15%
EC	B	1.15%
PAGP	B	1.15%
PAA	B	1.14%
NI	A	1.14%
CTRA	B	1.14%
AEP	A	1.14%
CCOI	F	1.13%
CMS	A	1.13%
EQNR	C	1.13%
BSM	B	1.12%
FDP	D	1.12%
OGS	B	1.12%
WEC	B	1.12%
WES	A	1.12%
LNT	B	1.12%
ADC	B	1.12%
NJR	B	1.12%
DMLP	C	1.12%
OVV	B	1.12%
ES	B	1.11%
KRP	A	1.11%
EPRT	A	1.1%
IVT	B	1.1%
CPT	B	1.09%
NRP	B	1.09%
SBR	D	1.09%
GPRK	B	1.09%
AAT	B	1.08%
HESM	C	1.08%
INVH	B	1.08%
SKT	D	1.08%
PNM	C	1.07%
REG	F	1.07%
IIPR	B	1.07%
EPR	C	1.07%
MAA	B	1.06%
PTEN	F	1.05%
SITC	C	1.05%
ORAN	F	1.05%
ROIC	D	1.05%
EXR	C	1.04%
CUBE	D	1.04%
TS	D	1.04%
BRX	C	1.04%
APA	F	1.04%
NSA	D	1.03%
KIM	C	1.03%
BNL	B	1.03%
OUT	D	1.03%
PSA	D	1.0%
RHP	D	1.0%
SPOK	F	1.0%
APLE	F	0.99%
HST	D	0.99%
CCI	D	0.98%
AMT	D	0.97%
KT	D	0.97%
FR	D	0.96%
NFE	F	0.96%
EGP	F	0.94%
TRNO	F	0.93%
REXR	D	0.92%

VRAI Underweight 79 Positions Relative to CWI

Symbol	Grade	Weight
TSM	C	-2.37%
TM	D	-0.91%
NVS	B	-0.81%
BABA	B	-0.51%
TD	F	-0.5%
UL	A	-0.5%
MUFG	C	-0.45%
ABBV	D	-0.44%
SONY	D	-0.42%
CNI	D	-0.39%
DEO	F	-0.33%
SHOP	C	-0.33%
PDD	B	-0.29%
INFY	D	-0.27%
IBN	A	-0.25%
HMC	D	-0.21%
SMFG	C	-0.2%
STLA	D	-0.2%
HDB	C	-0.19%
BCS	A	-0.17%
E	B	-0.17%
ITUB	D	-0.16%
LYG	A	-0.15%
UMC	C	-0.12%
BIDU	C	-0.12%
TCOM	A	-0.11%
KB	B	-0.11%
CHT	C	-0.11%
BBD	F	-0.09%
RDY	C	-0.09%
SE	B	-0.09%
PKX	F	-0.09%
MFG	C	-0.09%
NMR	D	-0.08%
BABA	B	-0.08%
SHG	C	-0.08%
BAP	C	-0.07%
CHKP	D	-0.06%
LI	F	-0.06%
YUMC	F	-0.06%
TEVA	B	-0.06%
ABEV	D	-0.06%
MT	D	-0.05%
AGCO	D	-0.05%
CIB	C	-0.05%
CYBR	D	-0.04%
VIPS	D	-0.04%
BEKE	B	-0.04%
TME	A	-0.04%
OTEX	F	-0.04%
NIO	D	-0.03%
WIX	D	-0.03%
TAL	B	-0.03%
HTHT	B	-0.03%
ZTO	C	-0.03%
LOGI	D	-0.03%
CSAN	F	-0.03%
WIT	D	-0.03%
RBA	D	-0.03%
BGNE	D	-0.03%
SQM	D	-0.03%
XRX	F	-0.03%
LEGN	F	-0.02%
MNDY	D	-0.02%
BVN	B	-0.02%
KEP	D	-0.02%
BZ	B	-0.02%
GRAB	B	-0.02%
PHI	B	-0.02%
ATHM	C	-0.01%
XPEV	D	-0.01%
QFIN	B	-0.01%
XPEV	D	-0.01%
IQ	B	-0.01%
ZLAB	F	-0.01%
BILI	B	-0.01%
FUTU	B	-0.01%
YNDX	C	-0.0%
QGEN	C	-0.0%

CWI: Top Represented Industries & Keywords

Industries: Internet Content & Information Auto Manufacturers Banks - Regional - Asia Software - Application Banks - Global Banks - Regional - Latin America Steel Biotechnology Information Technology Services Specialty Retail Capital Markets Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Industrial Metals & Minerals Semiconductors Telecom Services Utilities - Regulated Electric Banks - Regional - Europe Beverages - Brewers Beverages - Wineries & Distilleries