AVSE vs. EUM ETF Comparison

Comparison of Avantis Responsible Emerging Markets Equity ETF (AVSE) to ProShares Short MSCI Emerging Markets (EUM)

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

$52.28

Average Daily Volume

3,334

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EUM

ProShares Short MSCI Emerging Markets

EUM Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the MSCI Emerging Markets IndexÂ®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index includes 85% of free float-adjusted market capitalization in each industry group in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.63

Average Daily Volume

10,126

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AVSE	EUM
30 Days	-4.16%	5.59%
60 Days	-1.36%	1.66%
90 Days	-1.56%	2.56%
12 Months	15.31%	-6.06%

7 Overlapping Holdings

Symbol	Grade	Weight in AVSE	Weight in EUM	Overlap
BABA	D	1.8%	6.01%	1.8%
BAP	A	0.18%	0.23%	0.18%
BIDU	F	0.05%	0.6%	0.05%
NTES	D	0.51%	0.39%	0.39%
TAL	F	0.0%	0.32%	0.0%
TCOM	B	0.27%	0.29%	0.27%
YUMC	C	0.41%	0.28%	0.28%

AVSE Overweight 82 Positions Relative to EUM

Symbol	Grade	Weight
TSM	B	5.9%
INFY	C	0.76%
PDD	F	0.71%
HDB	C	0.56%
KB	B	0.48%
IBN	C	0.48%
SHG	C	0.38%
ITUB	F	0.34%
LI	F	0.29%
CPNG	D	0.28%
HTHT	D	0.25%
UMC	F	0.24%
VIPS	F	0.23%
ASX	D	0.22%
ZTO	F	0.2%
BEKE	D	0.17%
GFI	D	0.17%
BBD	D	0.16%
PAC	B	0.16%
SUZ	B	0.14%
TLK	D	0.13%
STNE	F	0.13%
CIG	C	0.12%
SBS	B	0.11%
FMX	F	0.1%
QFIN	A	0.09%
LPL	D	0.09%
OMAB	D	0.09%
RDY	F	0.09%
EBR	F	0.08%
ABEV	F	0.08%
ASAI	F	0.08%
TME	D	0.08%
CAR	C	0.08%
BCH	C	0.08%
WIT	B	0.07%
SBSW	D	0.07%
SKM	C	0.07%
ASR	D	0.07%
VIV	F	0.06%
ATHM	C	0.06%
TKC	B	0.06%
CHT	C	0.06%
MNSO	D	0.06%
IQ	F	0.06%
KT	A	0.05%
BGNE	D	0.05%
SCCO	F	0.05%
TV	F	0.05%
CIB	B	0.04%
SGRP	D	0.04%
PAGS	F	0.04%
ASAI	F	0.04%
IFS	A	0.04%
MOMO	D	0.04%
AKO.A	F	0.04%
BSAC	C	0.04%
ELP	F	0.04%
YY	B	0.04%
LX	B	0.03%
NOAH	D	0.03%
SOHU	F	0.03%
IMOS	F	0.03%
PHI	D	0.03%
SQM	D	0.03%
BGNE	D	0.03%
VNET	B	0.02%
BSBR	F	0.02%
CCU	D	0.02%
NIO	F	0.02%
WB	D	0.02%
PDSB	F	0.01%
XPEV	C	0.01%
BZ	F	0.01%
NIU	F	0.0%
DAO	B	0.0%
TIGR	D	0.0%
BILI	D	0.0%
TUYA	D	0.0%
CANG	B	0.0%
API	B	0.0%
CAAS	C	0.0%

AVSE Underweight 2 Positions Relative to EUM

	Symbol	Grade	Weight
	JD	D	-0.46%
	EDU	D	-0.3%