NSI vs. EQLT ETF Comparison

Comparison of National Security Emerging Markets Index ETF (NSI) to iShares MSCI Emerging Markets Quality Factor ETF (EQLT)

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

$26.51

Average Daily Volume

1,132

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EQLT

iShares MSCI Emerging Markets Quality Factor ETF

EQLT Description

EQLT tracks an index of emerging market stocks perceived to be higher quality. The starting universe begins with large- and mid-cap stocks from the MSCI Emerging Markets Index. The fund calculates a Quality Score for each security using three fundamental metrics: high return on equity, stable year-over-year earnings growth, and low financial leverage. The fund selects securities with higher quality scores until it covers about half of the market-cap within each country in the parent index. The fund then assigns weights by multiplying each securitys market-cap weight in the parent index by a Tilt Score. The Tilt Score accounts for the securitys quality score and relative market-cap position. The resulting weights are normalized to build the portfolio. Issuers are capped at 5%, along with other country and sector weight limits. The fund may invest in derivatives or engage in securities lending. The index is reviewed and rebalanced semi-annually.

Grade (RS Rating)

Last Trade

$24.14

Average Daily Volume

408

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NSI	EQLT
30 Days	-5.26%	-4.80%
60 Days	-0.77%	-2.60%
90 Days	-2.09%
12 Months

4 Overlapping Holdings

Symbol	Grade	Weight in NSI	Weight in EQLT	Overlap
HDB	C	3.61%	1.12%	1.12%
IBN	C	2.21%	2.55%	2.21%
WIT	B	0.43%	0.12%	0.12%
YUMC	C	0.35%	0.33%	0.33%

NSI Overweight 84 Positions Relative to EQLT

Symbol	Grade	Weight
TSM	B	11.76%
PDD	F	4.57%
ASX	D	2.09%
CHT	C	2.09%
UMC	F	1.85%
MELI	C	1.72%
NTES	D	1.49%
PKX	D	1.33%
PBR	D	1.23%
INFY	C	1.22%
KB	B	1.2%
SHG	C	1.19%
KT	A	1.12%
WF	C	1.11%
TCOM	B	1.04%
VALE	F	0.99%
NU	C	0.92%
LPL	D	0.87%
RDY	F	0.86%
FMX	F	0.84%
KEP	B	0.8%
SKM	C	0.75%
ABEV	F	0.71%
ZTO	F	0.69%
BEKE	D	0.67%
ITUB	F	0.66%
SSL	F	0.63%
PHI	D	0.63%
TKC	B	0.61%
LI	F	0.59%
CPNG	D	0.56%
BGNE	D	0.54%
VIPS	F	0.53%
HTHT	D	0.53%
YMM	C	0.51%
SQM	D	0.5%
PAC	B	0.5%
KOF	F	0.49%
ASR	D	0.46%
XPEV	C	0.46%
QFIN	A	0.45%
BCH	C	0.4%
ENIC	B	0.4%
GFI	D	0.38%
TLK	D	0.38%
XP	F	0.36%
CIB	B	0.36%
BILI	D	0.34%
NIO	F	0.34%
OMAB	D	0.34%
BBD	D	0.33%
TAL	F	0.3%
HCM	D	0.27%
CX	F	0.26%
BAP	A	0.25%
TGLS	B	0.24%
GGB	C	0.24%
BSAC	C	0.24%
BZ	F	0.24%
HMY	D	0.23%
IQ	F	0.22%
VIST	B	0.22%
SBSW	D	0.22%
ATHM	C	0.22%
FN	C	0.22%
ERJ	A	0.18%
EC	D	0.18%
SUZ	B	0.18%
EBR	F	0.17%
ASAI	F	0.17%
MMYT	B	0.16%
BVN	D	0.14%
VIV	F	0.14%
STNE	F	0.14%
PAGS	F	0.13%
CRDO	B	0.12%
CIG	C	0.12%
SBS	B	0.11%
CSAN	F	0.1%
ELP	F	0.1%
BRFS	C	0.1%
BSBR	F	0.09%
UGP	F	0.09%
BAK	F	0.08%

NSI Underweight 1 Positions Relative to EQLT

	Symbol	Grade	Weight
	BABA	D	-4.1%

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