AVSE vs. EWX ETF Comparison

Comparison of Avantis Responsible Emerging Markets Equity ETF (AVSE) to SPDR S&P Emerging Markets Small Cap ETF (EWX)

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

$51.10

Average Daily Volume

3,481

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EWX

SPDR S&P Emerging Markets Small Cap ETF

EWX Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the small capitalization segment of global emerging market countries. The fund employs a sampling strategy in seeking to track the performance of the S&PÂ® Emerging Markets Under USD2 Billion Index. It 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. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$58.18

Average Daily Volume

96,895

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AVSE	EWX
30 Days	3.21%	2.63%
60 Days	4.90%	2.94%
90 Days	9.27%	7.98%
12 Months	18.61%	17.14%

17 Overlapping Holdings

Symbol	Grade	Weight in AVSE	Weight in EWX	Overlap
API	D	0.0%	0.02%	0.0%
CAR	D	0.07%	0.15%	0.07%
DAO	F	0.0%	0.0%	0.0%
FINV	B	0.08%	0.08%	0.08%
GRIN	A	0.03%	0.03%	0.03%
HOLI	D	0.07%	0.13%	0.07%
IMOS	D	0.04%	0.08%	0.04%
LX	D	0.02%	0.01%	0.01%
MOMO	C	0.06%	0.08%	0.06%
NIU	C	0.0%	0.0%	0.0%
NOAH	B	0.03%	0.07%	0.03%
PDSB	F	0.01%	0.01%	0.01%
SGRP	B	0.03%	0.07%	0.03%
SOHU	B	0.02%	0.02%	0.02%
TIGR	D	0.0%	0.03%	0.0%
TUYA	C	0.0%	0.02%	0.0%
VNET	D	0.01%	0.01%	0.01%

AVSE Overweight 81 Positions Relative to EWX

Symbol	Grade	Weight
TSM	C	4.18%
BABA	B	1.39%
PDD	B	0.75%
NTES	C	0.7%
INFY	F	0.67%
IBN	A	0.49%
ITUB	D	0.41%
KB	B	0.4%
HDB	C	0.4%
YUMC	F	0.39%
HTHT	B	0.32%
VIPS	D	0.31%
SHG	C	0.31%
CPNG	A	0.3%
UMC	C	0.3%
ASX	D	0.28%
ERJ	A	0.27%
TCOM	A	0.25%
GFI	B	0.24%
BEKE	B	0.22%
STNE	C	0.21%
RDY	B	0.2%
SUZ	D	0.19%
BAP	C	0.19%
ASR	B	0.17%
SCCO	A	0.16%
BBD	F	0.16%
TLK	F	0.16%
QFIN	A	0.15%
FMX	D	0.14%
PAGS	D	0.14%
OMAB	B	0.13%
XP	D	0.13%
CIG	A	0.13%
LI	F	0.12%
TAL	B	0.12%
SBS	B	0.12%
ZTO	B	0.11%
TME	A	0.11%
PAC	A	0.11%
LPL	D	0.1%
SBSW	D	0.1%
ASAI	D	0.1%
EBR	D	0.1%
ASAI	D	0.09%
MNSO	B	0.09%
BCH	A	0.09%
ABEV	D	0.08%
BIDU	C	0.07%
CHT	C	0.07%
ELP	D	0.06%
WIT	D	0.06%
TKC	A	0.06%
IQ	B	0.06%
ATHM	C	0.06%
YY	C	0.05%
BSAC	F	0.05%
IFS	F	0.04%
TV	D	0.04%
BGNE	D	0.04%
CIB	C	0.04%
BRFS	B	0.04%
KT	D	0.04%
SQM	D	0.04%
AKO.A	B	0.04%
CCU	B	0.03%
WB	C	0.03%
BGNE	D	0.03%
VIV	C	0.03%
PHI	B	0.03%
BZ	A	0.02%
BSBR	C	0.02%
NIO	D	0.02%
XPEV	D	0.01%
BNR	D	0.0%
BILI	B	0.0%
CANG	C	0.0%
SKM	D	0.0%
CBD	F	0.0%
KC	C	0.0%
CAAS	C	0.0%

AVSE Underweight 39 Positions Relative to EWX

Symbol	Grade	Weight
SIMO	D	-0.23%
SBLK	A	-0.17%
GOTU	C	-0.09%
DAC	A	-0.09%
JKS	D	-0.09%
EH	B	-0.07%
HIMX	D	-0.06%
CMRE	A	-0.06%
TNP	A	-0.05%
GPRK	B	-0.04%
SB	A	-0.04%
VTEX	D	-0.04%
QD	A	-0.04%
HUYA	B	-0.04%
ZH	F	-0.03%
BWMX	D	-0.03%
GASS	B	-0.03%
DSX	C	-0.03%
YALA	D	-0.03%
NEXA	B	-0.03%
VINP	D	-0.03%
AFYA	D	-0.03%
WDH	F	-0.02%
FANH	F	-0.02%
DADA	D	-0.02%
RERE	B	-0.02%
HEPS	D	-0.02%
BLTE	C	-0.02%
CINT	F	-0.01%
DDL	C	-0.01%
FNGR	C	-0.01%
BTBT	F	-0.01%
VTRU	F	-0.01%
CAN	F	-0.01%
SHPH	D	-0.01%
IMAB	F	-0.0%
CBAT	B	-0.0%
SOL	F	-0.0%
YI	F	-0.0%