AADR vs. FBZ ETF Comparison

Comparison of WCM BNY Mellon Focused Growth ADR ETF (AADR) to First Trust Brazil AlphaDEX Fund (FBZ)

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

$67.50

Average Daily Volume

888

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FBZ

First Trust Brazil AlphaDEX Fund

FBZ Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Brazil Index. The fund normally invests at least 90% of its net assets plus the amount of any borrowings for investment purposes in stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Brazil BMI Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$10.58

Average Daily Volume

1,479

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AADR	FBZ
30 Days	4.63%	-1.86%
60 Days	7.14%	-4.91%
90 Days	8.54%	-8.56%
12 Months	30.80%	-3.43%

1 Overlapping Holdings

	Symbol	Grade	Weight in AADR	Weight in FBZ	Overlap
	ERJ	B	4.36%	4.86%	4.36%

AADR Overweight 25 Positions Relative to FBZ

Symbol	Grade	Weight
YPF	B	6.36%
GGAL	C	5.56%
NVO	D	4.85%
BMA	B	4.69%
PAM	A	3.96%
ABBV	D	3.64%
MUFG	B	3.6%
QFIN	B	3.05%
SAP	B	3.04%
VRNA	B	2.9%
BCS	C	2.74%
RELX	C	2.72%
BBVA	F	2.68%
MELI	D	2.68%
SE	B	2.63%
ERIC	B	2.58%
SMFG	B	2.54%
HMY	D	2.49%
TSM	B	2.36%
ING	F	2.13%
TEVA	D	2.13%
CHKP	D	2.09%
NVS	D	2.03%
FUTU	D	1.79%
TCOM	B	1.74%

AADR Underweight 8 Positions Relative to FBZ

Symbol	Grade	Weight
NU	C	-3.61%
GGB	C	-3.46%
BRFS	D	-2.79%
VALE	F	-2.32%
CSAN	F	-1.06%
ABEV	F	-0.7%
STNE	F	-0.54%
PAGS	F	-0.43%