IZRL vs. BRF ETF Comparison

Comparison of ARK Israel Innovative Technology ETF (IZRL) to Market Vectors Brazil Small-Cap ETF (BRF)

IZRL

ARK Israel Innovative Technology ETF

IZRL Description

The ARK Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ARK Israeli Innovation Index, which is designed to track the price movements of exchange-listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (‘‘Israeli Companies’’) and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing.

Grade (RS Rating)

Last Trade

$20.68

Average Daily Volume

14,666

Number of Holdings ^*

25

* may have additional holdings in another (foreign) market

BRF

Market Vectors Brazil Small-Cap ETF

BRF Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors® Brazil Small-Cap Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The Brazil Small-Cap Index is comprised of securities of Brazilian small-capitalization companies. A company is considered to be a Brazilian company if it is incorporated in Brazil or generates at least 50% of its revenues (or, in certain circumstances, has at least 50% of its assets) in Brazil. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$13.62

Average Daily Volume

3,342

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	IZRL	BRF
30 Days	3.17%	-3.25%
60 Days	6.90%	-9.78%
90 Days	4.28%	-12.17%
12 Months	18.47%	-15.04%

1 Overlapping Holdings

	Symbol	Grade	Weight in IZRL	Weight in BRF	Overlap
	ITRN	C	2.11%	0.49%	0.49%

IZRL Overweight 24 Positions Relative to BRF

	Symbol	Grade	Weight
	FVRR	B	2.7%
	INMD	C	2.36%
	MNDY	C	2.31%
	PLTK	A	2.27%
	SSYS	C	2.23%
	SPNS	F	2.22%
	CLBT	C	2.19%
	FROG	C	2.18%
	SMWB	A	2.15%
	BWAY	C	2.11%
	NNOX	D	2.11%
	RSKD	F	2.09%
	CGNT	C	2.08%
	CYBR	A	2.08%
	MGIC	D	2.08%
	MDWD	F	2.06%
	NICE	C	2.04%
	WKME	A	2.03%
	TEVA	D	2.01%
	WIX	A	1.97%
	RDWR	A	1.97%
	URGN	F	1.97%
	CHKP	D	1.76%
	AUDC	D	1.66%

IZRL Underweight 7 Positions Relative to BRF

	Symbol	Grade	Weight
	ARCO	D	-2.37%
	AGRO	A	-1.39%
	EE	A	-0.92%
	VTEX	F	-0.78%
	AZUL	F	-0.74%
	VINP	C	-0.67%
	AFYA	D	-0.61%

IZRL: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Communication Equipment Biotechnology Medical Devices Business Services Computer Systems Diagnostics & Research Drug Manufacturers - Specialty & Generic Electronic Gaming & Multimedia Internet Content & Information Internet Content & Information

Keywords: Computing Systems Integrator Medicine Computer Security Security Solution Cybersecurity Information Technology Management Software Artificial Intelligence Biopharmaceutical Business Intelligence Cancer Clinical Medicine Computer Network Security Digital Marketing Firewall Software Insurance Law Enforcement Multiple Sclerosis Opioids

BRF: Top Represented Industries & Keywords

Industries: Airlines Asset Management Communication Equipment Education & Training Services Farm Products Restaurants Software - Application Utilities - Renewable

Keywords: Fuel Acquisition Advisory Services Agriculture Airline Aviation Bagasse Car Manufacturers Cattle Coffee Cogeneration Communication Products Communications Products Concierge Services Control Center Cotton Crops E Commerce Education Services Educational Services Electricity