AVSE vs. VEU ETF Comparison

Comparison of Avantis Responsible Emerging Markets Equity ETF (AVSE) to Vanguard FTSE All World Ex US ETF (VEU)

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

$52.79

Average Daily Volume

3,260

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VEU

Vanguard FTSE All World Ex US ETF

VEU Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States. The fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index, a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international markets. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$60.44

Average Daily Volume

2,500,554

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AVSE	VEU
30 Days	10.85%	7.51%
60 Days	7.17%	3.09%
90 Days	9.72%	7.16%
12 Months	22.17%	15.05%

12 Overlapping Holdings

Symbol	Grade	Weight in AVSE	Weight in VEU	Overlap
BABA	D	1.41%	0.58%	0.58%
BIDU	D	0.07%	0.1%	0.07%
HDB	D	0.38%	0.37%	0.37%
IBN	A	0.48%	0.12%	0.12%
INFY	A	0.65%	0.1%	0.1%
ITUB	B	0.41%	0.06%	0.06%
KB	A	0.43%	0.04%	0.04%
LI	C	0.13%	0.05%	0.05%
PDD	A	0.79%	0.27%	0.27%
TCOM	D	0.25%	0.09%	0.09%
TSM	D	4.35%	0.28%	0.28%
YUMC	B	0.36%	0.05%	0.05%

AVSE Overweight 86 Positions Relative to VEU

Symbol	Grade	Weight
NTES	B	0.7%
SHG	A	0.33%
HTHT	C	0.31%
UMC	D	0.3%
VIPS	D	0.3%
ERJ	C	0.28%
ASX	C	0.27%
CPNG	B	0.27%
BEKE	C	0.25%
GFI	D	0.22%
STNE	D	0.22%
BAP	C	0.19%
RDY	A	0.19%
BBD	B	0.16%
SCCO	C	0.16%
SUZ	A	0.16%
QFIN	D	0.16%
ASR	D	0.16%
PAGS	F	0.15%
TLK	D	0.15%
FMX	B	0.14%
XP	A	0.14%
OMAB	A	0.13%
CIG	B	0.13%
SBS	A	0.12%
TAL	A	0.12%
EBR	C	0.11%
TME	D	0.11%
PAC	B	0.11%
ZTO	C	0.1%
ASAI	D	0.1%
SBSW	C	0.09%
LPL	C	0.09%
BCH	B	0.09%
MNSO	A	0.09%
ABEV	D	0.08%
FINV	C	0.08%
ASAI	D	0.08%
HOLI	A	0.07%
ATHM	D	0.07%
CHT	C	0.07%
CAR	D	0.07%
ELP	A	0.06%
WIT	A	0.06%
IQ	D	0.06%
TKC	A	0.06%
MOMO	D	0.06%
BRFS	B	0.05%
SQM	D	0.05%
YY	A	0.05%
AKO.A	D	0.05%
BSAC	B	0.05%
IFS	B	0.04%
IMOS	A	0.04%
TV	F	0.04%
CIB	B	0.04%
BGNE	B	0.04%
KT	B	0.04%
CCU	D	0.03%
VIV	A	0.03%
GRIN	C	0.03%
NIO	F	0.03%
SGRP	F	0.03%
WB	F	0.03%
PHI	F	0.03%
BGNE	B	0.03%
NOAH	D	0.03%
SOHU	D	0.02%
LX	D	0.02%
BZ	D	0.02%
BSBR	C	0.02%
PDSB	C	0.01%
XPEV	B	0.01%
VNET	B	0.01%
NIU	F	0.0%
DAO	F	0.0%
BNR	F	0.0%
TIGR	A	0.0%
BILI	F	0.0%
CANG	F	0.0%
SKM	A	0.0%
TUYA	C	0.0%
API	D	0.0%
CBD	F	0.0%
CAAS	F	0.0%
KC	F	0.0%

AVSE Underweight 25 Positions Relative to VEU

Symbol	Grade	Weight
TM	A	-0.98%
NVS	B	-0.73%
UL	C	-0.46%
MUFG	A	-0.4%
TD	C	-0.38%
SONY	C	-0.37%
SHOP	B	-0.29%
DEO	F	-0.28%
SMFG	A	-0.26%
ABBV	A	-0.26%
CNI	C	-0.25%
HMC	A	-0.2%
MFG	A	-0.18%
STLA	A	-0.17%
LYG	C	-0.15%
WCN	A	-0.15%
BCS	A	-0.14%
VALE	B	-0.13%
FLUT	C	-0.12%
E	A	-0.12%
GOLD	C	-0.07%
NMR	A	-0.06%
PKX	A	-0.04%
XRX	A	-0.04%
LOGI	A	-0.04%