EWP vs. BRAZ ETF Comparison

Comparison of iShares MSCI Spain Capped Index Fund (EWP) to Global X Brazil Active ETF (BRAZ)

EWP

iShares MSCI Spain Capped Index Fund

EWP Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Spain 25/50 Index. The fund will at all times invest at least 80% of its assets in the securities of its underlying index and in depositary receipts ("DRs") representing securities in its underlying index. The MSCI Spain 25/50 Index consists of stocks traded primarily on the Madrid Stock Exchange. A capping methodology is applied that limits the weight of any single component to a maximum of 25% of the MSCI Spain 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.97

Average Daily Volume

256,916

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

BRAZ

Global X Brazil Active ETF

BRAZ Description

The fund is an actively managed exchange traded fund ("ETF") advised by Global X Management Company LLC (the "Adviser") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, measured at the time of purchase, in equity securities: (i) of issuers domiciled in Brazil; and/or (ii) that are tied economically to Brazil. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.91

Average Daily Volume

596

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	EWP	BRAZ
30 Days	-3.92%	-2.12%
60 Days	2.28%	-9.82%
90 Days	1.45%	-10.18%
12 Months	13.91%

0 Overlapping Holdings

	Symbol	Grade	Weight in EWP	Weight in BRAZ	Overlap

EWP Overweight 5 Positions Relative to BRAZ

	Symbol	Grade	Weight
	SAN	C	15.52%
	BBVA	C	11.48%
	TEF	D	4.63%
	AMS	D	4.5%
	RACE	B	4.44%

EWP Underweight 6 Positions Relative to BRAZ

	Symbol	Grade	Weight
	PBR	D	-10.46%
	VALE	D	-10.01%
	ITUB	D	-8.72%
	BBD	F	-4.83%
	NU	B	-4.1%
	MELI	D	-3.68%

EWP: Top Represented Industries & Keywords

Industries: Banks - Global Auto Manufacturers Medical Care Telecom Services

Keywords: Asset Management Bank Investment Banking Wholesale Banking ADSL Automotive Industry Banco Bilbao Vizcaya Argentaria Banco Santander Banking Bbva Francés Brain Tumor Broadband Broadband Access Cars Chrysler Clinical Medicine Cloud Computing Collection Services Connection Services Construction Real Estate

BRAZ: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Banks - Diversified Industrial Metals & Minerals Oil & Gas Integrated Specialty Retail

Keywords: Bank Banking E Commerce Financial Products Investment Product Trading Services Alloys Alternative Payments Aluminum Products Asset Management Services Bagasse Banco 24 Horas Banco Bradesco Bank Deposits Base Metal Biodiesel Biofuel Cargo Transportation Service Cargo Transportation Services Cash Management Services