AADR vs. DFNL ETF Comparison

Comparison of WCM BNY Mellon Focused Growth ADR ETF (AADR) to Davis Select Financial ETF (DFNL)

AADR

WCM BNY Mellon Focused Growth ADR ETF

AADR Description

The investment seeks long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index, the fund's primary benchmark, and the MSCI EAFE Index, the fund's secondary benchmark. The sub-advisor seeks to achieve the fund's investment objective by selecting primarily a portfolio of U.S.-traded securities of non-U.S. organizations, most often American Depositary Receipts ("ADRs"), included in the BNY Mellon Classic ADR Index. The fund's investment focus follows the Sub-Advisor's core philosophy of investing in industry-leading non-U.S. organizations led by visionary management teams with sound business strategies.

Grade (RS Rating)

Last Trade

$61.55

Average Daily Volume

935

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFNL

Davis Select Financial ETF

DFNL Description

The investment seeks long-term growth of capital. The fund's investment adviser, uses the Davis Investment Discipline to invest, under normal market conditions, at least 80% of its net assets plus any borrowings for investment purposes in securities issued by companies principally engaged in the financial services sector. The fund's portfolio, generally, contains between 15 and 35 companies. It invests, principally, in common stocks. The fund may invest in large, medium or small companies without regard to market capitalization and may invest in issuers in foreign countries, including countries with developed or emerging markets. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.33

Average Daily Volume

6,741

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AADR	DFNL
30 Days	-4.18%	-1.32%
60 Days	1.21%	1.74%
90 Days	1.37%	1.96%
12 Months	25.86%	22.92%

0 Overlapping Holdings

	Symbol	Grade	Weight in AADR	Weight in DFNL	Overlap

AADR Overweight 26 Positions Relative to DFNL

Symbol	Grade	Weight
NVO	A	7.42%
YPF	D	4.48%
ABBV	B	3.88%
BMA	C	3.56%
MUFG	C	3.36%
GGAL	D	3.35%
ERJ	D	3.28%
RELX	B	3.03%
BBVA	C	2.91%
ASX	B	2.89%
TNP	B	2.85%
SAP	A	2.78%
HMY	C	2.74%
TME	B	2.6%
MELI	C	2.53%
PAM	D	2.53%
LOGI	B	2.48%
NXPI	B	2.47%
SMFG	A	2.45%
ING	C	2.38%
BVN	D	2.38%
NMR	C	2.34%
CX	F	2.25%
KOF	D	2.22%
QFIN	D	2.11%
PBR	D	2.08%

AADR Underweight 20 Positions Relative to DFNL

Symbol	Grade	Weight
COF	C	-8.71%
BRK.A	C	-7.28%
JPM	A	-6.55%
MKL	C	-6.07%
CB	C	-5.76%
WFC	C	-5.75%
BK	A	-5.2%
FITB	C	-5.17%
AXP	C	-4.7%
PNC	C	-4.44%
USB	C	-4.29%
L	D	-3.3%
RKT	C	-2.73%
TFC	C	-2.65%
BAC	A	-2.6%
NTB	B	-1.69%
MTB	B	-1.45%
STT	C	-1.4%
SCHW	C	-1.31%
EG	B	-1.14%