AVXC vs. GEM ETF Comparison

Comparison of Avantis Emerging Markets ex-China Equity ETF (AVXC) to Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM)

AVXC

Avantis Emerging Markets ex-China Equity ETF

AVXC Description

AVXC aims to achieve long-term capital growth by investing in a varied selection of companies from emerging markets, with China being a notable exception. It prioritizes companies with smaller market capitalizations that exhibit strong profitability and value characteristics. The manager utilizes financial data and market information to identify suitable securities, focusing on metrics like adjusted book/price and cash from operations to book value ratios. Additional factors considered include industry classification, historical performance, liquidity, among others. Security weightings are determined based on market capitalization and potential for returns relative to its peers. AVXC adjusts its holdings according to desired characteristics and may reduce exposure or sell if criteria are not met, considering past performance, expected returns, implementation costs, and tax implications. The fund has the capability to invest in foreign-denominated securities and partake in securities lending activities.

Grade (RS Rating)

Last Trade

$51.21

Average Daily Volume

16,779

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

GEM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Emerging Markets Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$33.19

Average Daily Volume

67,722

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AVXC	GEM
30 Days	-4.23%	-4.28%
60 Days	-4.83%	-0.55%
90 Days	-5.42%	-1.04%
12 Months		12.25%

25 Overlapping Holdings

Symbol	Grade	Weight in AVXC	Weight in GEM	Overlap
ABEV	F	0.1%	0.07%	0.07%
ASAI	F	0.13%	0.04%	0.04%
BAP	A	0.3%	0.08%	0.08%
BCH	C	0.11%	0.09%	0.09%
BRFS	C	0.06%	0.04%	0.04%
BVN	D	0.02%	0.03%	0.02%
CHT	C	0.11%	0.06%	0.06%
CSAN	F	0.08%	0.04%	0.04%
ERJ	A	0.22%	0.05%	0.05%
GGB	C	0.16%	0.09%	0.09%
HDB	C	0.78%	0.46%	0.46%
IBN	C	0.47%	0.8%	0.47%
KB	B	0.53%	0.27%	0.27%
KEP	B	0.05%	0.04%	0.04%
KT	A	0.03%	0.09%	0.03%
LPL	D	0.12%	0.04%	0.04%
NU	C	0.18%	0.14%	0.14%
PAGS	F	0.04%	0.03%	0.03%
SCCO	F	0.11%	0.09%	0.09%
SHG	C	0.37%	0.2%	0.2%
SKM	C	0.08%	0.22%	0.08%
UMC	F	0.27%	0.18%	0.18%
VALE	F	0.68%	0.41%	0.41%
WIT	B	0.1%	0.21%	0.1%
XP	F	0.06%	0.05%	0.05%

AVXC Overweight 45 Positions Relative to GEM

Symbol	Grade	Weight
TSM	B	8.36%
INFY	C	0.9%
PBR	D	0.44%
ITUB	F	0.41%
ASX	D	0.32%
BBD	D	0.3%
RDY	F	0.21%
GFI	D	0.21%
PAC	B	0.18%
SBSW	D	0.17%
SUZ	B	0.16%
CIG	C	0.16%
FMX	F	0.15%
EBR	F	0.14%
SBS	B	0.13%
TLK	D	0.13%
CAR	C	0.11%
CX	F	0.1%
HMY	D	0.1%
VIV	F	0.09%
TWI	F	0.09%
TKC	B	0.09%
ASR	D	0.09%
SGRP	D	0.08%
TV	F	0.08%
SQM	D	0.08%
OMAB	D	0.08%
PKX	D	0.06%
AKO.A	F	0.06%
IFS	A	0.06%
SID	F	0.05%
VLRS	B	0.05%
BSBR	F	0.04%
UGP	F	0.04%
SSL	F	0.04%
PHI	D	0.04%
CIB	B	0.04%
CCU	D	0.04%
BSAC	C	0.03%
PAX	C	0.02%
EC	D	0.02%
BAK	F	0.02%
IMOS	F	0.01%
AZUL	F	0.0%
SHPH	F	0.0%

AVXC Underweight 15 Positions Relative to GEM

Symbol	Grade	Weight
BABA	D	-1.93%
PDD	F	-0.75%
YUMC	C	-0.24%
QFIN	A	-0.2%
VIPS	F	-0.2%
TCOM	B	-0.18%
BIDU	F	-0.15%
BGNE	D	-0.11%
TME	D	-0.1%
ATHM	C	-0.07%
LI	F	-0.06%
TAL	F	-0.06%
BEKE	D	-0.05%
IQ	F	-0.03%
BZ	F	-0.03%