TXS vs. EWP ETF Comparison

Comparison of Texas Capital Texas Equity Index ETF (TXS) to iShares MSCI Spain Capped Index Fund (EWP)

TXS

Texas Capital Texas Equity Index ETF

TXS Description

TXS tracks an index composed of companies that have significant contributions to the economy of Texas. The fund adviser believes that companies headquartered in Texas enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. Initially, all eligible securities from the investable equity universe that meet certain size and liquidity requirements are selected as index constituents. Component sectors in the index are weighted based on their industry contributions to Texass GDP, as reported for the private sector by the US Bureau of Economic Analysis. Companies within each sector are then weighted based on their market-cap, with a minimum cap of 0.05% and maximum cap of 10% per constituent. The fund does not limit its investment to a certain market-cap bracket. TXS may concentrate its investment in a particular industry or group of industries to the extent that the index is concentrated.

Grade (RS Rating)

Last Trade

$31.10

Average Daily Volume

2,355

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EWP

iShares MSCI Spain Capped Index Fund

EWP Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Spain 25/50 Index. The fund will at all times invest at least 80% of its assets in the securities of its underlying index and in depositary receipts ("DRs") representing securities in its underlying index. The MSCI Spain 25/50 Index consists of stocks traded primarily on the Madrid Stock Exchange. A capping methodology is applied that limits the weight of any single component to a maximum of 25% of the MSCI Spain 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.21

Average Daily Volume

216,499

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TXS	EWP
30 Days	1.59%	0.94%
60 Days	7.13%	8.64%
90 Days	5.49%	7.01%
12 Months	35.10%	33.45%

0 Overlapping Holdings

	Symbol	Grade	Weight in TXS	Weight in EWP	Overlap

TXS Overweight 10 Positions Relative to EWP

Symbol	Grade	Weight
THC	C	4.98%
TSLA	C	4.17%
DLR	C	4.0%
CCI	C	3.83%
MCK	F	3.8%
XOM	A	3.78%
WM	B	3.59%
SCHW	D	3.2%
CRWD	D	3.09%
CBRE	A	2.7%

TXS Underweight 5 Positions Relative to EWP

Symbol	Grade	Weight
SAN	C	-15.52%
BBVA	D	-11.48%
TEF	C	-4.63%
AMS	D	-4.5%
RACE	C	-4.44%

EWP: Top Represented Industries & Keywords

Industries: Banks - Global Auto Manufacturers Medical Care Telecom Services