AVSE vs. QEMM ETF Comparison

Comparison of Avantis Responsible Emerging Markets Equity ETF (AVSE) to SPDR MSCI Emerging Markets Quality Mix ETF (QEMM)

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

$52.24

Average Daily Volume

3,409

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QEMM

SPDR MSCI Emerging Markets Quality Mix ETF

QEMM Description

The investment seeks to track the performance of the MSCI Emerging Markets (EM) Quality Mix Index. The index captures large- and mid-cap representation across 23 emerging markets countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund 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. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.62

Average Daily Volume

1,910

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AVSE	QEMM
30 Days	-3.83%	-2.80%
60 Days	-2.16%	-2.22%
90 Days	-1.62%	-1.80%
12 Months	15.24%	11.44%

48 Overlapping Holdings

Symbol	Grade	Weight in AVSE	Weight in QEMM	Overlap
ABEV	F	0.08%	0.02%	0.02%
ABEV	F	0.08%	0.28%	0.08%
ASAI	F	0.04%	0.02%	0.02%
ASAI	F	0.08%	0.02%	0.02%
ATHM	D	0.06%	0.01%	0.01%
BABA	D	1.8%	0.04%	0.04%
BABA	D	1.8%	0.69%	0.69%
BAP	A	0.18%	0.25%	0.18%
BCH	F	0.08%	0.01%	0.01%
BEKE	D	0.17%	0.02%	0.02%
BGNE	D	0.05%	0.01%	0.01%
BGNE	D	0.03%	0.01%	0.01%
BIDU	F	0.05%	0.09%	0.05%
BSAC	F	0.04%	0.01%	0.01%
CHT	D	0.06%	0.49%	0.06%
CIB	B	0.04%	0.01%	0.01%
CIG	C	0.12%	0.01%	0.01%
HDB	C	0.56%	0.25%	0.25%
IBN	C	0.48%	0.14%	0.14%
IBN	C	0.48%	0.15%	0.15%
INFY	B	0.76%	1.07%	0.76%
IQ	F	0.06%	0.0%	0.0%
ITUB	F	0.34%	0.15%	0.15%
KB	B	0.48%	0.21%	0.21%
KB	B	0.48%	0.09%	0.09%
LI	F	0.29%	0.02%	0.02%
LPL	F	0.09%	0.02%	0.02%
LPL	F	0.09%	0.01%	0.01%
NIO	F	0.02%	0.0%	0.0%
PDD	F	0.71%	1.32%	0.71%
QFIN	B	0.09%	0.12%	0.09%
RDY	F	0.09%	0.17%	0.09%
SBS	B	0.11%	0.03%	0.03%
SBSW	D	0.07%	0.04%	0.04%
SCCO	F	0.05%	0.25%	0.05%
SHG	D	0.38%	0.22%	0.22%
SHG	D	0.38%	0.03%	0.03%
SKM	D	0.07%	0.18%	0.07%
SQM	F	0.03%	0.01%	0.01%
SUZ	C	0.14%	0.03%	0.03%
TCOM	B	0.27%	0.06%	0.06%
TME	D	0.08%	0.02%	0.02%
UMC	F	0.24%	0.1%	0.1%
VIPS	F	0.23%	0.17%	0.17%
VIV	F	0.06%	0.01%	0.01%
WIT	A	0.07%	0.25%	0.07%
XPEV	C	0.01%	0.01%	0.01%
YUMC	C	0.41%	0.09%	0.09%

AVSE Overweight 47 Positions Relative to QEMM

Symbol	Grade	Weight
TSM	B	5.9%
NTES	D	0.51%
CPNG	D	0.28%
HTHT	D	0.25%
ASX	D	0.22%
ZTO	F	0.2%
GFI	D	0.17%
BBD	D	0.16%
PAC	B	0.16%
TLK	D	0.13%
STNE	F	0.13%
FMX	F	0.1%
OMAB	D	0.09%
EBR	F	0.08%
CAR	C	0.08%
ASR	D	0.07%
TKC	C	0.06%
MNSO	F	0.06%
KT	A	0.05%
TV	F	0.05%
SGRP	D	0.04%
PAGS	F	0.04%
IFS	A	0.04%
MOMO	D	0.04%
AKO.A	F	0.04%
ELP	F	0.04%
YY	C	0.04%
LX	C	0.03%
NOAH	D	0.03%
SOHU	F	0.03%
IMOS	F	0.03%
PHI	D	0.03%
VNET	B	0.02%
BSBR	F	0.02%
CCU	D	0.02%
WB	D	0.02%
PDSB	F	0.01%
BZ	F	0.01%
NIU	F	0.0%
DAO	B	0.0%
TIGR	D	0.0%
BILI	D	0.0%
TUYA	F	0.0%
CANG	B	0.0%
API	C	0.0%
TAL	F	0.0%
CAAS	C	0.0%

AVSE Underweight 13 Positions Relative to QEMM

Symbol	Grade	Weight
VALE	F	-1.15%
PBR	C	-0.16%
BVN	F	-0.1%
KEP	B	-0.09%
PKX	F	-0.08%
KEP	B	-0.06%
LEGN	F	-0.05%
GGB	C	-0.05%
VALE	F	-0.03%
SID	F	-0.02%
UGP	F	-0.02%
CSAN	F	-0.02%
ENIC	D	-0.0%