AVSE vs. CWI ETF Comparison

Comparison of Avantis Responsible Emerging Markets Equity ETF (AVSE) to SPDR MSCI ACWI ex-US ETF (CWI)

AVSE

Avantis Responsible Emerging Markets Equity ETF

AVSE Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry groups and countries. The fund may invest in companies of all market capitalizations. The portfolio management team limits its investable universe of companies by screening out those that raise concerns based on the team?s evaluation of multiple ESG metrics.

Grade (RS Rating)

Last Trade

$50.67

Average Daily Volume

3,354

Number of Holdings ^*

98

* 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

$28.49

Average Daily Volume

213,780

Number of Holdings ^*

86

* may have additional holdings in another (foreign) market

Performance

Period	AVSE	CWI
30 Days	2.33%	1.17%
60 Days	3.57%	1.38%
90 Days	6.16%	6.25%
12 Months	16.37%	11.79%

42 Overlapping Holdings

	Symbol	Grade	Weight in AVSE	Weight in CWI	Overlap
	ABEV	D	0.08%	0.06%	0.06%
	ATHM	B	0.06%	0.01%	0.01%
	BABA	B	1.45%	0.51%	0.51%
	BABA	B	1.45%	0.08%	0.08%
	BAP	C	0.18%	0.07%	0.07%
	BBD	F	0.16%	0.09%	0.09%
	BEKE	B	0.26%	0.04%	0.04%
	BGNE	C	0.04%	0.03%	0.03%
	BGNE	C	0.03%	0.03%	0.03%
	BIDU	C	0.07%	0.12%	0.07%
	BILI	B	0.0%	0.01%	0.0%
	BZ	B	0.02%	0.02%	0.02%
	CHT	C	0.07%	0.11%	0.07%
	CIB	C	0.04%	0.05%	0.04%
	CIG	B	0.14%	0.04%	0.04%
	HDB	C	0.4%	0.19%	0.19%
	HTHT	B	0.31%	0.03%	0.03%
	IBN	B	0.5%	0.25%	0.25%
	INFY	D	0.65%	0.27%	0.27%
	IQ	B	0.06%	0.01%	0.01%
	ITUB	D	0.4%	0.16%	0.16%
	KB	B	0.41%	0.11%	0.11%
	LI	F	0.14%	0.06%	0.06%
	NIO	C	0.03%	0.03%	0.03%
	PDD	B	0.78%	0.29%	0.29%
	PHI	B	0.03%	0.02%	0.02%
	QFIN	A	0.16%	0.01%	0.01%
	RDY	D	0.2%	0.09%	0.09%
	SBSW	C	0.09%	0.01%	0.01%
	SHG	C	0.32%	0.08%	0.08%
	SQM	D	0.05%	0.03%	0.03%
	TAL	B	0.12%	0.03%	0.03%
	TCOM	B	0.24%	0.11%	0.11%
	TME	B	0.11%	0.04%	0.04%
	TSM	C	4.15%	2.37%	2.37%
	UMC	D	0.29%	0.12%	0.12%
	VIPS	F	0.3%	0.04%	0.04%
	WIT	D	0.06%	0.03%	0.03%
	XPEV	F	0.01%	0.01%	0.01%
	XPEV	F	0.01%	0.01%	0.01%
	YUMC	F	0.36%	0.06%	0.06%
	ZTO	C	0.1%	0.03%	0.03%

AVSE Overweight 58 Positions Relative to CWI

	Symbol	Grade	Weight
	NTES	D	0.72%
	ERJ	B	0.28%
	CPNG	A	0.28%
	ASX	D	0.26%
	GFI	C	0.22%
	STNE	C	0.21%
	SUZ	F	0.18%
	SCCO	B	0.16%
	TLK	F	0.16%
	ASR	B	0.16%
	PAGS	D	0.15%
	FMX	D	0.14%
	OMAB	B	0.14%
	XP	D	0.13%
	SBS	B	0.12%
	PAC	A	0.11%
	LPL	D	0.1%
	ASAI	D	0.1%
	EBR	D	0.1%
	BCH	A	0.09%
	MNSO	B	0.09%
	FINV	B	0.08%
	ASAI	D	0.08%
	HOLI	D	0.07%
	CAR	D	0.07%
	ELP	F	0.06%
	TKC	A	0.06%
	MOMO	C	0.06%
	AKO.A	B	0.05%
	YY	C	0.05%
	BSAC	D	0.05%
	TV	C	0.04%
	BRFS	B	0.04%
	IMOS	D	0.04%
	KT	D	0.04%
	CCU	B	0.03%
	GRIN	B	0.03%
	VIV	D	0.03%
	SGRP	B	0.03%
	WB	C	0.03%
	NOAH	B	0.03%
	IFS	D	0.03%
	LX	C	0.02%
	SOHU	B	0.02%
	BSBR	B	0.02%
	PDSB	F	0.01%
	VNET	C	0.01%
	NIU	C	0.0%
	DAO	F	0.0%
	BNR	D	0.0%
	TIGR	D	0.0%
	CANG	B	0.0%
	SKM	D	0.0%
	API	B	0.0%
	TUYA	C	0.0%
	CBD	F	0.0%
	CAAS	D	0.0%
	KC	C	0.0%

AVSE Underweight 45 Positions Relative to CWI

	Symbol	Grade	Weight
	TM	D	-0.91%
	NVS	B	-0.81%
	TD	F	-0.5%
	UL	A	-0.5%
	MUFG	D	-0.45%
	ABBV	D	-0.44%
	SONY	F	-0.42%
	CNI	D	-0.39%
	DEO	F	-0.33%
	SHOP	C	-0.33%
	HMC	D	-0.21%
	SMFG	C	-0.2%
	STLA	D	-0.2%
	VALE	C	-0.17%
	BCS	A	-0.17%
	E	B	-0.17%
	LYG	A	-0.15%
	SE	B	-0.09%
	PKX	F	-0.09%
	MFG	D	-0.09%
	NMR	D	-0.08%
	CHKP	D	-0.06%
	TEVA	B	-0.06%
	ENIC	D	-0.05%
	MT	D	-0.05%
	AGCO	D	-0.05%
	CYBR	D	-0.04%
	OTEX	F	-0.04%
	WIX	D	-0.03%
	GGB	D	-0.03%
	LOGI	D	-0.03%
	CSAN	F	-0.03%
	RBA	D	-0.03%
	XRX	F	-0.03%
	LEGN	F	-0.02%
	MNDY	D	-0.02%
	BVN	B	-0.02%
	KEP	D	-0.02%
	GRAB	B	-0.02%
	SID	F	-0.02%
	VALE	C	-0.01%
	ZLAB	F	-0.01%
	FUTU	B	-0.01%
	YNDX	C	-0.0%
	QGEN	C	-0.0%

AVSE: Top Represented Industries & Keywords

Industries: Internet Content & Information Banks - Regional - Latin America Telecom Services Auto Manufacturers Banks - Regional - Asia Semiconductors Specialty Retail Airports & Air Services Beverages - Brewers Credit Services Information Technology Services Software - Application Biotechnology Capital Markets Gold Software - Infrastructure Utilities - Diversified Aerospace & Defense Asset Management Auto Parts

Keywords: Bank Banking Broadband Cloud Computing Investment Banking Currency Electronics Internet Access Telecommunications Advertising Services E-Commerce Financial Products Games Commercial Banking Computing Information And Communications Technology Investment Banking Services Investment Product Online Game Telecommunication Services

CWI: Top Represented Industries & Keywords

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

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