CWI vs. AVDE ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to Avantis International Equity ETF (AVDE)

CWI

SPDR MSCI ACWI ex-US ETF

CWI Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the MSCI All Country World Index ex USA. It invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in ADRs or GDRs based on securities comprising the index. The index is a float-adjusted market capitalization index that is designed to measure the combined equity market performance of developed and emerging market countries excluding the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.60

Average Daily Volume

165,937

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AVDE

Avantis International Equity ETF

AVDE Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of non-U.S. companies across countries, market sectors and industry groups. It may invest in companies of all market capitalizations. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities. It also may invest in derivative instruments such as futures contracts, currency forwards, and swap agreements.

Grade (RS Rating)

Last Trade

$67.24

Average Daily Volume

224,932

Number of Holdings ^*

113

* may have additional holdings in another (foreign) market

Performance

Period	CWI	AVDE
30 Days	3.69%	2.34%
60 Days	7.56%	6.14%
90 Days	8.09%	8.00%
12 Months	26.06%	22.00%

34 Overlapping Holdings

Symbol	Grade	Weight in CWI	Weight in AVDE	Overlap
ABBV	B	0.43%	0.12%	0.12%
AER	C	0.03%	0.17%	0.03%
AGCO	D	0.04%	0.11%	0.04%
BCS	B	0.19%	0.33%	0.19%
CHKP	B	0.07%	0.07%	0.07%
CNI	D	0.32%	0.26%	0.26%
CYBR	B	0.04%	0.01%	0.01%
DEO	C	0.29%	0.23%	0.23%
E	D	0.16%	0.14%	0.14%
FUTU	A	0.01%	0.01%	0.01%
GLBE	C	0.01%	0.0%	0.0%
GRAB	B	0.02%	0.01%	0.01%
HMC	D	0.19%	0.22%	0.19%
LOGI	D	0.03%	0.11%	0.03%
LYG	B	0.17%	0.28%	0.17%
MBAVU	D	0.02%	0.01%	0.01%
MFG	D	0.13%	0.16%	0.13%
MNDY	C	0.03%	0.0%	0.0%
MT	C	0.04%	0.12%	0.04%
MUFG	D	0.43%	0.31%	0.31%
NVS	C	0.87%	0.83%	0.83%
OTEX	D	0.04%	0.06%	0.04%
QGEN	C	0.0%	0.03%	0.0%
RBA	D	0.04%	0.06%	0.04%
SE	B	0.11%	0.04%	0.04%
SHOP	C	0.34%	0.1%	0.1%
SMFG	D	0.23%	0.27%	0.23%
STLA	F	0.12%	0.11%	0.11%
TD	C	0.48%	0.27%	0.27%
TEVA	D	0.07%	0.06%	0.06%
TM	D	0.7%	0.6%	0.6%
UL	B	0.59%	0.31%	0.31%
WIX	C	0.03%	0.01%	0.01%
XRX	D	0.04%	0.02%	0.02%

CWI Overweight 54 Positions Relative to AVDE

Symbol	Grade	Weight
TSM	C	2.71%
BABA	B	0.56%
SONY	C	0.45%
INFY	C	0.33%
IBN	C	0.28%
HDB	C	0.25%
PDD	D	0.24%
ITUB	B	0.16%
VALE	C	0.13%
KB	D	0.11%
CHT	B	0.11%
UMC	B	0.11%
BIDU	C	0.1%
SHG	C	0.09%
TCOM	B	0.09%
BBD	C	0.08%
BABA	B	0.08%
PKX	D	0.08%
RDY	D	0.08%
NMR	F	0.07%
BAP	B	0.07%
ABEV	C	0.06%
LI	D	0.05%
CIB	D	0.05%
YUMC	C	0.05%
WIT	C	0.04%
BEKE	B	0.04%
ENIC	D	0.04%
CIG	B	0.04%
BGNE	B	0.04%
SQM	D	0.03%
VIPS	C	0.03%
TME	D	0.03%
NIO	C	0.03%
CSAN	D	0.03%
BILI	A	0.02%
BVN	D	0.02%
SID	D	0.02%
TAL	D	0.02%
LEGN	F	0.02%
BRFS	C	0.02%
HTHT	C	0.02%
KEP	D	0.02%
GGB	C	0.02%
PHI	B	0.02%
VALE	C	0.01%
ATHM	B	0.01%
SBSW	D	0.01%
XPEV	C	0.01%
XPEV	C	0.01%
BZ	C	0.01%
QFIN	A	0.01%
SCCO	C	0.0%
IQ	D	0.0%

CWI Underweight 79 Positions Relative to AVDE

Symbol	Grade	Weight
NVO	F	-1.52%
ASML	F	-0.87%
TTE	D	-0.63%
HSBC	B	-0.58%
BHP	C	-0.51%
AZN	D	-0.49%
BP	F	-0.48%
GSK	D	-0.37%
ING	C	-0.34%
RIO	B	-0.32%
RELX	C	-0.31%
BBVA	C	-0.3%
SAP	B	-0.3%
SAN	B	-0.29%
SNY	B	-0.25%
STM	F	-0.22%
ORAN	C	-0.2%
NGG	B	-0.17%
IX	C	-0.16%
VOD	C	-0.16%
WFG	B	-0.15%
NWG	B	-0.15%
BUD	B	-0.13%
HLN	B	-0.12%
PHG	A	-0.11%
TEF	B	-0.11%
ZIM	B	-0.1%
SW	B	-0.1%
CCEP	C	-0.09%
NOK	B	-0.08%
ERIC	B	-0.08%
EQNR	F	-0.08%
SNN	B	-0.07%
TAK	C	-0.07%
GMAB	F	-0.06%
GLNG	B	-0.04%
IAG	C	-0.04%
ARGX	B	-0.04%
TAC	B	-0.02%
WPP	B	-0.02%
WDS	D	-0.02%
BUR	D	-0.02%
CUK	C	-0.02%
TRMD	D	-0.02%
PRMW	C	-0.01%
FMS	B	-0.01%
TS	D	-0.01%
AEI	C	-0.01%
PSO	C	-0.01%
HAFN	D	-0.01%
PDS	F	-0.01%
GLPG	D	-0.01%
ICLR	F	-0.01%
NICE	D	-0.01%
FRO	D	-0.01%
CLLS	F	-0.0%
IAUX	D	-0.0%
IPHA	F	-0.0%
UBCP	C	-0.0%
CSTE	F	-0.0%
QIPT	F	-0.0%
PIXY	F	-0.0%
LSPD	C	-0.0%
RENB	F	-0.0%
DOOO	F	-0.0%
ORLA	D	-0.0%
SSBI	F	-0.0%
VGR	C	-0.0%
ELBM	D	-0.0%
ITRN	D	-0.0%
MLCO	C	-0.0%
ASTL	B	-0.0%
NNDM	C	-0.0%
VMAR	F	-0.0%
KRNT	A	-0.0%
FLNG	D	-0.0%
SPNS	D	-0.0%
CSTM	D	-0.0%
TCI	F	-0.0%

CWI: Top Represented Industries & Keywords

Industries: Auto Manufacturers Internet Content & Information Banks - Regional - Asia Software - Application Banks - Global Banks - Regional - Latin America Steel Information Technology Services Specialty Retail Biotechnology Capital Markets Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Industrial Metals & Minerals Semiconductors Telecom Services Utilities - Regulated Electric Airports & Air Services Banks - Regional - Europe Beverages - Brewers