BUSA vs. KIE ETF Comparison

Comparison of Brandes U.S. Value ETF (BUSA) to SPDR S&P Insurance ETF (KIE)

BUSA

Brandes U.S. Value ETF

BUSA Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of U.S. companies. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes), measured at the time of purchase, in securities of U.S. companies.

Grade (RS Rating)

Last Trade

$33.34

Average Daily Volume

24,976

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KIE

SPDR S&P Insurance ETF

KIE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies in the insurance industry. In seeking to track the performance of the S&P Insurance Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the insurance industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$60.36

Average Daily Volume

1,053,719

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BUSA	KIE
30 Days	3.82%	5.16%
60 Days	5.79%	7.23%
90 Days	5.90%	9.79%
12 Months	28.77%	36.80%

4 Overlapping Holdings

Symbol	Grade	Weight in BUSA	Weight in KIE	Overlap
ACGL	C	1.44%	1.66%	1.44%
AIG	B	1.61%	1.93%	1.61%
WRB	A	1.91%	1.91%	1.91%
WTW	B	2.4%	2.02%	2.02%

BUSA Overweight 51 Positions Relative to KIE

Symbol	Grade	Weight
FI	A	3.53%
CVX	A	3.36%
MCK	A	3.11%
WFC	A	2.9%
BAC	A	2.86%
FLEX	B	2.58%
PNC	B	2.57%
CMCSA	B	2.48%
GOOG	C	2.41%
C	A	2.38%
DOX	D	2.34%
CI	D	2.26%
FDX	B	2.24%
JPM	A	2.2%
CTVA	C	2.18%
HAL	C	2.11%
EMR	B	2.1%
CTSH	B	2.06%
TXT	D	2.05%
OMC	C	2.04%
SSNC	B	2.02%
SNY	F	1.96%
PFE	F	1.95%
BK	A	1.95%
MRK	D	1.92%
JNJ	C	1.77%
INGR	C	1.69%
HCA	F	1.68%
CAH	B	1.57%
ETR	B	1.55%
KVUE	A	1.53%
LH	B	1.49%
AZO	C	1.43%
MU	D	1.31%
STT	B	1.28%
CVS	D	1.19%
LKQ	F	1.15%
WKC	C	1.09%
KNX	C	1.08%
TFC	A	1.08%
CSCO	B	1.06%
OMF	A	1.02%
GTES	A	1.01%
SLB	C	0.99%
BRK.A	B	0.98%
SYY	D	0.96%
GD	D	0.91%
JCI	B	0.87%
MHK	D	0.83%
OTEX	F	0.54%
QRVO	F	0.5%

BUSA Underweight 46 Positions Relative to KIE

Symbol	Grade	Weight
GSHD	A	-2.49%
UNM	A	-2.45%
BHF	C	-2.23%
LNC	C	-2.21%
KMPR	A	-2.2%
CNO	B	-2.2%
PRI	B	-2.17%
RLI	A	-2.15%
AGO	B	-2.13%
AIZ	A	-2.09%
WTM	A	-2.08%
THG	A	-2.07%
RYAN	A	-2.06%
CINF	A	-2.05%
AXS	A	-2.04%
MKL	A	-2.04%
SIGI	C	-2.03%
PRU	A	-2.02%
AON	A	-2.02%
MET	A	-2.02%
GNW	A	-2.02%
TRV	B	-2.01%
RGA	A	-2.0%
ORI	A	-1.99%
PFG	D	-1.98%
BRO	B	-1.98%
L	A	-1.97%
AFG	A	-1.97%
GL	C	-1.96%
ALL	A	-1.94%
KNSL	B	-1.9%
PGR	A	-1.88%
FNF	B	-1.88%
ESGR	B	-1.88%
HIG	B	-1.88%
AFL	B	-1.88%
AJG	A	-1.85%
CB	C	-1.85%
RNR	C	-1.85%
FAF	A	-1.82%
MMC	B	-1.8%
EG	C	-1.78%
PLMR	A	-1.75%
ERIE	D	-1.45%
STC	B	-1.38%
OSCR	D	-1.33%