AVSE vs. DFEM ETF Comparison

Comparison of Avantis Responsible Emerging Markets Equity ETF (AVSE) to Dimensional Emerging Markets Core Equity 2 ETF (DFEM)

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

$50.74

Average Daily Volume

3,346

Number of Holdings ^*

98

* may have additional holdings in another (foreign) market

DFEM

Dimensional Emerging Markets Core Equity 2 ETF

DFEM Description

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets, which may include frontier markets (emerging market countries in an earlier stage of development). As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in emerging markets equity investments that are defined in the prospectus as Approved Market securities.

Grade (RS Rating)

Last Trade

$26.24

Average Daily Volume

652,286

Number of Holdings ^*

92

* may have additional holdings in another (foreign) market

Performance

Period	AVSE	DFEM
30 Days	1.85%	1.86%
60 Days	3.59%	3.68%
90 Days	6.67%	7.09%
12 Months	17.32%	14.39%

71 Overlapping Holdings

	Symbol	Grade	Weight in AVSE	Weight in DFEM	Overlap
	ABEV	D	0.08%	0.04%	0.04%
	AKO.A	B	0.05%	0.01%	0.01%
	ASAI	D	0.1%	0.05%	0.05%
	ASAI	D	0.08%	0.05%	0.05%
	ASAI	D	0.1%	0.03%	0.03%
	ASAI	D	0.08%	0.03%	0.03%
	ASR	B	0.16%	0.06%	0.06%
	BABA	B	1.45%	1.27%	1.27%
	BAP	C	0.18%	0.04%	0.04%
	BBD	F	0.16%	0.01%	0.01%
	BCH	A	0.09%	0.0%	0.0%
	BCH	A	0.09%	0.03%	0.03%
	BGNE	C	0.04%	0.01%	0.01%
	BGNE	C	0.03%	0.01%	0.01%
	BIDU	C	0.07%	0.2%	0.07%
	BIDU	C	0.07%	0.0%	0.0%
	BILI	B	0.0%	0.07%	0.0%
	BRFS	B	0.04%	0.05%	0.04%
	BSAC	D	0.05%	0.01%	0.01%
	CAR	D	0.07%	0.04%	0.04%
	CCU	B	0.03%	0.0%	0.0%
	CHT	C	0.07%	0.02%	0.02%
	CHT	C	0.07%	0.04%	0.04%
	CIB	C	0.04%	0.02%	0.02%
	CIG	B	0.14%	0.0%	0.0%
	EBR	D	0.1%	0.0%	0.0%
	ERJ	B	0.28%	0.11%	0.11%
	ERJ	B	0.28%	0.11%	0.11%
	FMX	D	0.14%	0.03%	0.03%
	GFI	C	0.22%	0.17%	0.17%
	GRIN	B	0.03%	0.01%	0.01%
	HDB	C	0.4%	0.26%	0.26%
	IBN	B	0.5%	0.57%	0.5%
	IBN	B	0.5%	0.17%	0.17%
	IFS	D	0.03%	0.0%	0.0%
	IMOS	D	0.04%	0.02%	0.02%
	INFY	D	0.65%	0.19%	0.19%
	IQ	B	0.06%	0.05%	0.05%
	KB	B	0.41%	0.38%	0.38%
	LI	F	0.14%	0.0%	0.0%
	LI	F	0.14%	0.02%	0.02%
	LPL	D	0.1%	0.04%	0.04%
	NIO	C	0.03%	0.03%	0.03%
	NTES	D	0.72%	0.01%	0.01%
	OMAB	B	0.14%	0.04%	0.04%
	PAC	A	0.11%	0.08%	0.08%
	PDD	B	0.78%	0.52%	0.52%
	PDSB	F	0.01%	0.0%	0.0%
	PHI	B	0.03%	0.01%	0.01%
	RDY	D	0.2%	0.13%	0.13%
	SBS	B	0.12%	0.01%	0.01%
	SBSW	C	0.09%	0.0%	0.0%
	SBSW	C	0.09%	0.02%	0.02%
	SGRP	B	0.03%	0.01%	0.01%
	SHG	C	0.32%	0.2%	0.2%
	SHG	C	0.32%	0.03%	0.03%
	SKM	D	0.0%	0.01%	0.0%
	SKM	D	0.0%	0.02%	0.0%
	SQM	D	0.05%	0.03%	0.03%
	TCOM	B	0.24%	0.0%	0.0%
	TCOM	B	0.24%	0.17%	0.17%
	TLK	F	0.16%	0.01%	0.01%
	TME	B	0.11%	0.03%	0.03%
	UMC	D	0.29%	0.01%	0.01%
	UMC	D	0.29%	0.18%	0.18%
	VIPS	F	0.3%	0.08%	0.08%
	VIV	D	0.03%	0.01%	0.01%
	WIT	D	0.06%	0.01%	0.01%
	WIT	D	0.06%	0.06%	0.06%
	XPEV	F	0.01%	0.03%	0.01%
	YUMC	F	0.36%	0.22%	0.22%

AVSE Overweight 41 Positions Relative to DFEM

	Symbol	Grade	Weight
	TSM	C	4.15%
	ITUB	D	0.4%
	HTHT	B	0.31%
	CPNG	A	0.28%
	BEKE	B	0.26%
	ASX	D	0.26%
	STNE	C	0.21%
	SUZ	F	0.18%
	SCCO	B	0.16%
	QFIN	A	0.16%
	PAGS	D	0.15%
	XP	D	0.13%
	TAL	B	0.12%
	ZTO	C	0.1%
	MNSO	B	0.09%
	FINV	B	0.08%
	HOLI	D	0.07%
	ELP	F	0.06%
	TKC	A	0.06%
	MOMO	C	0.06%
	ATHM	B	0.06%
	YY	C	0.05%
	TV	C	0.04%
	KT	D	0.04%
	WB	C	0.03%
	NOAH	B	0.03%
	LX	C	0.02%
	SOHU	B	0.02%
	BZ	B	0.02%
	BSBR	B	0.02%
	VNET	C	0.01%
	NIU	C	0.0%
	DAO	F	0.0%
	BNR	D	0.0%
	TIGR	D	0.0%
	CANG	B	0.0%
	API	B	0.0%
	TUYA	C	0.0%
	CBD	F	0.0%
	CAAS	D	0.0%
	KC	C	0.0%

AVSE Underweight 24 Positions Relative to DFEM

	Symbol	Grade	Weight
	VALE	C	-0.36%
	CX	D	-0.14%
	HMY	B	-0.08%
	GGB	D	-0.08%
	GDS	C	-0.04%
	KOF	B	-0.03%
	JKS	D	-0.03%
	KEP	D	-0.02%
	PBR	A	-0.02%
	PKX	F	-0.02%
	CSAN	F	-0.02%
	SHPH	D	-0.01%
	SLDB	D	-0.01%
	KEP	D	-0.01%
	GGB	D	-0.01%
	VIST	A	-0.01%
	LGHT	B	-0.0%
	BAOS	F	-0.0%
	IAC	C	-0.0%
	BZUN	C	-0.0%
	ENIC	D	-0.0%
	MGNX	D	-0.0%
	ZLAB	F	-0.0%
	CSAN	F	-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

DFEM: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Internet Content & Information Telecom Services Banks - Regional - Asia Biotechnology Specialty Retail Airports & Air Services Auto Manufacturers Beverages - Brewers Drug Manufacturers - Specialty & Generic Gold Utilities - Regulated Electric Information Technology Services Semiconductors Steel Advertising Agencies Aerospace & Defense Beverages - Non-Alcoholic Beverages - Soft Drinks Building Materials

Keywords: Bank Banking Investment Banking Currency Advertising Services Broadband Drink Financial Products Internet Access Investment Banking Services Telecommunications Beer Cancer Cash Management Cola Commercial Banking E-Commerce Information And Communications Technology Nasdaq 100 Natural Gas