NSI vs. QEMM ETF Comparison

Comparison of National Security Emerging Markets Index ETF (NSI) to SPDR MSCI Emerging Markets Quality Mix ETF (QEMM)

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

QEMM

SPDR MSCI Emerging Markets Quality Mix ETF

QEMM Description

The investment seeks to track the performance of the MSCI Emerging Markets (EM) Quality Mix Index. The index captures large- and mid-cap representation across 23 emerging markets countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.62

Average Daily Volume

1,910

Number of Holdings ^*

59

* may have additional holdings in another (foreign) market

Performance

Period	NSI	QEMM
30 Days	-5.40%	-2.80%
60 Days	-2.10%	-2.21%
90 Days	-2.86%	-1.79%
12 Months		11.44%

52 Overlapping Holdings

	Symbol	Grade	Weight in NSI	Weight in QEMM	Overlap
	ABEV	F	0.71%	0.28%	0.28%
	ABEV	F	0.71%	0.02%	0.02%
	ASAI	F	0.17%	0.02%	0.02%
	ATHM	D	0.22%	0.01%	0.01%
	BAP	B	0.25%	0.25%	0.25%
	BCH	F	0.4%	0.01%	0.01%
	BEKE	D	0.67%	0.02%	0.02%
	BGNE	D	0.54%	0.01%	0.01%
	BSAC	F	0.24%	0.01%	0.01%
	BVN	F	0.14%	0.1%	0.1%
	CHT	D	2.09%	0.49%	0.49%
	CIB	B	0.36%	0.01%	0.01%
	CIG	C	0.12%	0.01%	0.01%
	CSAN	F	0.1%	0.02%	0.02%
	ENIC	D	0.4%	0.0%	0.0%
	GGB	C	0.24%	0.05%	0.05%
	HDB	C	3.61%	0.25%	0.25%
	IBN	C	2.21%	0.14%	0.14%
	IBN	C	2.21%	0.15%	0.15%
	INFY	B	1.22%	1.07%	1.07%
	IQ	F	0.22%	0.0%	0.0%
	ITUB	F	0.66%	0.15%	0.15%
	KB	B	1.2%	0.09%	0.09%
	KB	B	1.2%	0.21%	0.21%
	KEP	B	0.8%	0.06%	0.06%
	KEP	B	0.8%	0.09%	0.09%
	LI	F	0.59%	0.02%	0.02%
	LPL	F	0.87%	0.01%	0.01%
	LPL	F	0.87%	0.02%	0.02%
	NIO	F	0.34%	0.0%	0.0%
	PBR	C	1.23%	0.16%	0.16%
	PDD	F	4.57%	1.32%	1.32%
	PKX	F	1.33%	0.08%	0.08%
	QFIN	B	0.45%	0.12%	0.12%
	RDY	F	0.86%	0.17%	0.17%
	SBS	B	0.11%	0.03%	0.03%
	SBSW	D	0.22%	0.04%	0.04%
	SHG	D	1.19%	0.22%	0.22%
	SHG	D	1.19%	0.03%	0.03%
	SKM	D	0.75%	0.18%	0.18%
	SQM	F	0.5%	0.01%	0.01%
	SUZ	C	0.18%	0.03%	0.03%
	TCOM	B	1.04%	0.06%	0.06%
	UGP	F	0.09%	0.02%	0.02%
	UMC	F	1.85%	0.1%	0.1%
	VALE	F	0.99%	0.03%	0.03%
	VALE	F	0.99%	1.15%	0.99%
	VIPS	F	0.53%	0.17%	0.17%
	VIV	F	0.14%	0.01%	0.01%
	WIT	A	0.43%	0.25%	0.25%
	XPEV	C	0.46%	0.01%	0.01%
	YUMC	C	0.35%	0.09%	0.09%

NSI Overweight 43 Positions Relative to QEMM

	Symbol	Grade	Weight
	TSM	B	11.76%
	ASX	D	2.09%
	MELI	D	1.72%
	NTES	D	1.49%
	KT	A	1.12%
	WF	C	1.11%
	NU	C	0.92%
	FMX	F	0.84%
	ZTO	F	0.69%
	SSL	F	0.63%
	PHI	D	0.63%
	TKC	C	0.61%
	CPNG	D	0.56%
	HTHT	D	0.53%
	YMM	C	0.51%
	PAC	B	0.5%
	KOF	F	0.49%
	ASR	D	0.46%
	GFI	D	0.38%
	TLK	D	0.38%
	XP	F	0.36%
	BILI	D	0.34%
	OMAB	D	0.34%
	BBD	D	0.33%
	TAL	F	0.3%
	HCM	D	0.27%
	CX	D	0.26%
	TGLS	B	0.24%
	BZ	F	0.24%
	HMY	D	0.23%
	VIST	A	0.22%
	FN	D	0.22%
	ERJ	B	0.18%
	EC	D	0.18%
	EBR	F	0.17%
	MMYT	B	0.16%
	STNE	F	0.14%
	PAGS	F	0.13%
	CRDO	B	0.12%
	ELP	F	0.1%
	BRFS	D	0.1%
	BSBR	F	0.09%
	BAK	F	0.08%

NSI Underweight 7 Positions Relative to QEMM

	Symbol	Grade	Weight
	BABA	D	-0.69%
	SCCO	F	-0.25%
	BIDU	F	-0.09%
	LEGN	F	-0.05%
	BABA	D	-0.04%
	SID	F	-0.02%
	TME	D	-0.02%

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

QEMM: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Banks - Regional - Asia Internet Content & Information Auto Manufacturers Specialty Retail Steel Telecom Services Biotechnology Industrial Metals & Minerals Information Technology Services Oil & Gas Refining & Marketing Utilities - Regulated Electric Beverages - Brewers Chemicals Consumer Electronics Copper Credit Services Drug Manufacturers - Specialty & Generic Gold Grocery Stores

Keywords: Bank Banking Currency Investment Banking Financial Products Investment Banking Services Natural Gas Advertising Services Cash Management Factoring Investment Product Securitization Telecommunications Broadband Cloud Computing Commercial Banking Demand Deposit Distribution Network Electric Vehicle Electricity