EWZ vs. IPO ETF Comparison

Comparison of iShares MSCI Brazil Capped Index Fund (EWZ) to Renaissance IPO ETF (IPO)

EWZ

iShares MSCI Brazil Capped Index Fund

EWZ Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Brazil 25/50 Index. The fund generally invests at least 95% of its assets in the securities of its underlying index and in depositary receipts ("DRs") representing securities in its underlying index. The underlying index consists of stocks traded primarily on the BM&FBOVESPA (the Brazilian exchange). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.41

Average Daily Volume

18,995,409

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

IPO

Renaissance IPO ETF

IPO Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.43

Average Daily Volume

42,489

Number of Holdings ^*

17

* may have additional holdings in another (foreign) market

Performance

Period	EWZ	IPO
30 Days	-0.57%	5.12%
60 Days	9.45%	18.48%
90 Days	3.59%	3.66%
12 Months	8.10%	38.40%

1 Overlapping Holdings

	Symbol	Grade	Weight in EWZ	Weight in IPO	Overlap
	NU	D	10.17%	10.11%	10.11%

EWZ Overweight 2 Positions Relative to IPO

	Symbol	Grade	Weight
	VALE	D	8.79%
	ABEV	B	2.71%

EWZ Underweight 16 Positions Relative to IPO

	Symbol	Grade	Weight
	KVUE	C	-9.95%
	ARM	C	-9.79%
	RIVN	F	-6.83%
	CRBG	B	-5.16%
	GTLB	D	-4.41%
	TPG	A	-3.46%
	HCP	A	-3.35%
	GFS	F	-2.69%
	BRZE	F	-1.5%
	BIRK	F	-1.38%
	RBRK	D	-1.31%
	RDDT	B	-1.19%
	INFA	D	-1.16%
	FLNC	C	-0.95%
	BLCO	C	-0.54%
	ZK	C	-0.27%

EWZ: Top Represented Industries & Keywords

Industries: Banks - Diversified Beverages - Brewers Industrial Metals & Minerals

Keywords: Alcohol Alloys Alternative Payments Aluminum Products Anheuser Busch Bank Banking Base Metal Beer Bottled Water Brewing Cargo Transportation Service Cargo Transportation Services Cobalt Cola Debit Card Drink E Commerce Energy Drink Ferroalloy

IPO: Top Represented Industries & Keywords

Industries: Software - Infrastructure Asset Management Auto Manufacturers Semiconductors Software - Application Banks - Diversified Footwear & Accessories Household & Personal Products Internet Content & Information Medical Instruments & Supplies Utilities - Renewable

Keywords: Computing Nasdaq 100 Advisory Services Bank Banking Data Management Fabless Semiconductor Companies Semiconductor Allergy Alternative Payments Annuities Artificial Intelligence Backup Software Baseband Processor Brokerage Products Business Process Management Care Products Cars Cataract Surgery Cataracts