NSI vs. CWI ETF Comparison

Comparison of National Security Emerging Markets Index ETF (NSI) to SPDR MSCI ACWI ex-US ETF (CWI)

NSI

National Security Emerging Markets Index ETF

NSI Description

The fund invests at least 80% of its total assets in component securities of the index. The index consists of stocks listed on globally recognized stock exchanges that excludes companies benefiting end-users that, in the view of the sponsor of the fund, National Security Index, LLC (the "Sponsor") pose a threat to the national security interests of the United States.

Grade (RS Rating)

Last Trade

$26.58

Average Daily Volume

1,128

Number of Holdings ^*

88

* may have additional holdings in another (foreign) market

CWI

SPDR MSCI ACWI ex-US ETF

CWI Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the MSCI All Country World Index ex USA. It invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in ADRs or GDRs based on securities comprising the index. The index is a float-adjusted market capitalization index that is designed to measure the combined equity market performance of developed and emerging market countries excluding the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.81

Average Daily Volume

158,951

Number of Holdings ^*

89

* may have additional holdings in another (foreign) market

Performance

Period	NSI	CWI
30 Days	-5.40%	-2.14%
60 Days	-2.10%	-3.35%
90 Days	-2.86%	-3.13%
12 Months		14.07%

45 Overlapping Holdings

	Symbol	Grade	Weight in NSI	Weight in CWI	Overlap
	ABEV	F	0.71%	0.06%	0.06%
	ATHM	D	0.22%	0.01%	0.01%
	BAP	B	0.25%	0.08%	0.08%
	BBD	D	0.33%	0.07%	0.07%
	BEKE	D	0.67%	0.05%	0.05%
	BGNE	D	0.54%	0.04%	0.04%
	BILI	D	0.34%	0.02%	0.02%
	BRFS	D	0.1%	0.02%	0.02%
	BVN	F	0.14%	0.01%	0.01%
	BZ	F	0.24%	0.01%	0.01%
	CHT	D	2.09%	0.11%	0.11%
	CIB	B	0.36%	0.05%	0.05%
	CIG	C	0.12%	0.04%	0.04%
	CSAN	F	0.1%	0.03%	0.03%
	ENIC	D	0.4%	0.04%	0.04%
	GGB	C	0.24%	0.03%	0.03%
	HDB	C	3.61%	0.25%	0.25%
	HTHT	D	0.53%	0.03%	0.03%
	IBN	C	2.21%	0.27%	0.27%
	INFY	B	1.22%	0.33%	0.33%
	IQ	F	0.22%	0.01%	0.01%
	ITUB	F	0.66%	0.15%	0.15%
	KB	B	1.2%	0.11%	0.11%
	KEP	B	0.8%	0.02%	0.02%
	LI	F	0.59%	0.05%	0.05%
	NIO	F	0.34%	0.03%	0.03%
	PDD	F	4.57%	0.28%	0.28%
	PHI	D	0.63%	0.02%	0.02%
	PKX	F	1.33%	0.06%	0.06%
	QFIN	B	0.45%	0.02%	0.02%
	RDY	F	0.86%	0.08%	0.08%
	SBSW	D	0.22%	0.01%	0.01%
	SHG	D	1.19%	0.09%	0.09%
	SQM	F	0.5%	0.03%	0.03%
	TAL	F	0.3%	0.02%	0.02%
	TCOM	B	1.04%	0.13%	0.13%
	TSM	B	11.76%	3.02%	3.02%
	UMC	F	1.85%	0.1%	0.1%
	VALE	F	0.99%	0.01%	0.01%
	VALE	F	0.99%	0.13%	0.13%
	VIPS	F	0.53%	0.03%	0.03%
	WIT	A	0.43%	0.04%	0.04%
	XPEV	C	0.46%	0.02%	0.02%
	XPEV	C	0.46%	0.02%	0.02%
	YUMC	C	0.35%	0.07%	0.07%

NSI Overweight 45 Positions Relative to CWI

	Symbol	Grade	Weight
	ASX	D	2.09%
	MELI	D	1.72%
	NTES	D	1.49%
	PBR	C	1.23%
	KT	A	1.12%
	WF	C	1.11%
	NU	C	0.92%
	LPL	F	0.87%
	FMX	F	0.84%
	SKM	D	0.75%
	ZTO	F	0.69%
	SSL	F	0.63%
	TKC	C	0.61%
	CPNG	D	0.56%
	YMM	C	0.51%
	PAC	B	0.5%
	KOF	F	0.49%
	ASR	D	0.46%
	BCH	F	0.4%
	GFI	D	0.38%
	TLK	D	0.38%
	XP	F	0.36%
	OMAB	D	0.34%
	HCM	D	0.27%
	CX	D	0.26%
	TGLS	B	0.24%
	BSAC	F	0.24%
	HMY	D	0.23%
	VIST	A	0.22%
	FN	D	0.22%
	ERJ	B	0.18%
	EC	D	0.18%
	SUZ	C	0.18%
	EBR	F	0.17%
	ASAI	F	0.17%
	MMYT	B	0.16%
	VIV	F	0.14%
	STNE	F	0.14%
	PAGS	F	0.13%
	CRDO	B	0.12%
	SBS	B	0.11%
	ELP	F	0.1%
	BSBR	F	0.09%
	UGP	F	0.09%
	BAK	F	0.08%

NSI Underweight 44 Positions Relative to CWI

	Symbol	Grade	Weight
	NVS	D	-0.81%
	TM	D	-0.68%
	HSBH	B	-0.66%
	BABA	D	-0.6%
	UL	D	-0.54%
	SHOP	B	-0.52%
	MUFG	B	-0.51%
	SONY	B	-0.47%
	ABBV	D	-0.45%
	TD	F	-0.44%
	CNI	D	-0.32%
	SMFG	B	-0.27%
	DEO	F	-0.27%
	BCS	C	-0.21%
	HMC	F	-0.16%
	LYG	F	-0.16%
	MFG	B	-0.15%
	E	F	-0.15%
	SE	B	-0.14%
	BIDU	F	-0.1%
	STLA	F	-0.1%
	BABA	D	-0.09%
	TEVA	D	-0.07%
	NMR	B	-0.07%
	CHKP	D	-0.06%
	XRX	F	-0.05%
	AGCO	D	-0.04%
	RBA	A	-0.04%
	WIX	B	-0.04%
	MT	B	-0.04%
	CYBR	B	-0.04%
	LOGI	D	-0.03%
	GRAB	B	-0.03%
	AER	B	-0.03%
	MNDY	C	-0.03%
	TME	D	-0.03%
	OTEX	D	-0.03%
	LEGN	F	-0.02%
	FUTU	D	-0.02%
	GLBE	B	-0.01%
	MBAVU	D	-0.01%
	SID	F	-0.01%
	QGEN	D	-0.0%
	SCCO	F	-0.0%

NSI: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Telecom Services Banks - Regional - Asia Internet Content & Information Airports & Air Services Auto Manufacturers Gold Oil & Gas Integrated Semiconductors Specialty Retail Utilities - Regulated Electric Beverages - Brewers Building Materials Chemicals Consumer Electronics Industrial Metals & Minerals Information Technology Services Leisure Oil & Gas Refining & Marketing Software - Application

Keywords: Bank Banking Investment Banking Broadband Currency Financial Products Internet Access Natural Gas Telecommunications Investment Product Advertising Services E-Commerce Information And Communications Technology Investment Banking Services Securitization Telecommunication Services Broadband Internet Cash Management Commercial Banking Connection Services

CWI: Top Represented Industries & Keywords

Industries: Auto Manufacturers Internet Content & Information Banks - Regional - Asia Software - Application Banks - Global Banks - Regional - Latin America Steel Information Technology Services Specialty Retail Biotechnology Capital Markets Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Industrial Metals & Minerals Semiconductors Telecom Services Utilities - Regulated Electric Airports & Air Services Banks - Regional - Europe Beverages - Brewers

Keywords: Banking Bank Investment Banking Financial Products Investment Banking Services Cash Management Investment Bank Investment Product Telecommunications Transport Asset Management Asset Management Services Cars Commercial Banking Currency Insurance Products Mining Pharmaceutical Structured Finance Cash Management Services