MEDX vs. BINV ETF Comparison

Comparison of Horizon Kinetics Medical ETF (MEDX) to Brandes International ETF (BINV)

MEDX

Horizon Kinetics Medical ETF

MEDX Description

The fund is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks of U.S. and foreign companies engaged in medical research, pharmaceutical and medical technology industries and related technology industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.37

Average Daily Volume

1,018

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BINV

Brandes International ETF

BINV 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 foreign companies. The fund typically invests in foreign companies with market capitalizations (market value of publicly traded equity securities) greater than $5 billion at the time of purchase.

Grade (RS Rating)

Last Trade

$30.29

Average Daily Volume

19,284

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MEDX	BINV
30 Days	-10.09%	-5.02%
60 Days	-12.50%	-5.41%
90 Days	-13.78%	-5.40%
12 Months	-4.11%	14.06%

2 Overlapping Holdings

	Symbol	Grade	Weight in MEDX	Weight in BINV	Overlap
	GSK	F	2.32%	2.29%	2.29%
	NVS	F	5.95%	1.42%	1.42%

MEDX Overweight 30 Positions Relative to BINV

Symbol	Grade	Weight
LLY	F	15.83%
ABBV	F	7.81%
BMY	B	6.23%
AMGN	F	5.96%
AZN	F	4.86%
JNJ	C	4.65%
ALNY	D	4.45%
PFE	F	4.04%
MRK	D	3.96%
ALKS	C	3.91%
REGN	F	3.38%
BIIB	F	3.08%
CRSP	D	2.97%
IONS	F	2.78%
BCYC	F	1.95%
BEAM	D	1.51%
NTLA	F	1.3%
REPL	D	0.98%
GALT	C	0.89%
HLN	C	0.79%
VNDA	C	0.79%
LTRN	F	0.6%
EDIT	F	0.53%
GEHC	D	0.48%
TSVT	F	0.41%
ALLO	F	0.28%
VTRS	A	0.27%
PACB	F	0.13%
BLUE	F	0.08%
MURA	D	0.05%

MEDX Underweight 16 Positions Relative to BINV

Symbol	Grade	Weight
BABA	D	-2.81%
ERJ	A	-2.42%
GRFS	C	-2.02%
ABEV	F	-1.76%
SAP	B	-1.68%
SNN	D	-1.65%
BCS	A	-1.51%
PHG	C	-1.35%
CX	F	-1.32%
E	F	-1.2%
OTEX	F	-1.15%
HMC	F	-1.13%
MUFG	B	-1.05%
SHG	C	-0.78%
VIV	F	-0.78%
TSM	B	-0.64%

MEDX: Top Represented Industries & Keywords

Industries: Biotechnology Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Diagnostics & Research Health Information Services