CGRO vs. FXI ETF Comparison

Comparison of CoreValues Alpha Greater China Growth ETF (CGRO) to iShares China Large-Cap ETF (FXI)

CGRO

CoreValues Alpha Greater China Growth ETF

CGRO Description

CGRO aims to benefit from high-growth sectors in Greater China without compromising American values and interests. The fund includes companies of all sizes located or primarily traded in mainland China, Taiwan, and Chinas special administrative regions, such as Hong Kong. The portfolio construction starts with top-down macro research, which utilizes publicly available data to identify sectors with the highest growth potential. The fund also conducts on-the-ground due diligence wherein it gains insights from 15 investment professionals located in China. Lastly, a fundamental bottom-up approach is used to analyze company-specific data such as financial reports and management expertise. The weight of each sector and company is determined by the sub-advisers assessment of its growth potential, which may change over time. The fund may invest in China A-shares, depositary receipts, and issuers listed on exchanges outside China.

Grade (RS Rating)

Last Trade

$22.44

Average Daily Volume

747

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FXI

iShares China Large-Cap ETF

FXI Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE China 25 Index (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is designed to track the performance of the largest companies in the Chinese equity market that are available to international investors. The underlying index consists of 25 of the largest and most liquid Chinese companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.69

Average Daily Volume

74,754,280

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CGRO	FXI
30 Days	-6.43%	-6.99%
60 Days	11.80%	7.26%
90 Days	14.69%	12.12%
12 Months	10.13%	16.21%

4 Overlapping Holdings

Symbol	Grade	Weight in CGRO	Weight in FXI	Overlap
BABA	D	3.4%	7.96%	3.4%
BIDU	F	2.15%	2.6%	2.15%
LI	F	1.2%	1.38%	1.2%
TCOM	B	7.77%	3.96%	3.96%

CGRO Overweight 6 Positions Relative to FXI

Symbol	Grade	Weight
PDD	F	9.78%
BEKE	D	4.63%
YMM	C	3.49%
TME	D	2.74%
BILI	D	0.81%
NTES	D	0.41%

CGRO Underweight 2 Positions Relative to FXI

	Symbol	Grade	Weight
	BGNE	D	-1.24%
	HKD	F	-0.0%