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

$28.81

Average Daily Volume

158,951

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

$63.21

Average Daily Volume

265,509

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	CWI	AVDE
30 Days	-2.14%	-1.53%
60 Days	-3.35%	-4.65%
90 Days	-3.13%	-4.39%
12 Months	14.07%	11.45%

34 Overlapping Holdings

Symbol	Grade	Weight in CWI	Weight in AVDE	Overlap
ABBV	D	0.45%	0.13%	0.13%
AER	B	0.03%	0.18%	0.03%
AGCO	D	0.04%	0.11%	0.04%
BCS	C	0.21%	0.38%	0.21%
CHKP	D	0.06%	0.07%	0.06%
CNI	D	0.32%	0.26%	0.26%
CYBR	B	0.04%	0.01%	0.01%
DEO	F	0.27%	0.21%	0.21%
E	F	0.15%	0.14%	0.14%
FUTU	D	0.02%	0.01%	0.01%
GLBE	B	0.01%	0.01%	0.01%
GRAB	B	0.03%	0.02%	0.02%
HMC	F	0.16%	0.19%	0.16%
LOGI	D	0.03%	0.11%	0.03%
LYG	F	0.16%	0.27%	0.16%
MBAVU	D	0.01%	0.01%	0.01%
MFG	B	0.15%	0.2%	0.15%
MNDY	C	0.03%	0.0%	0.0%
MT	B	0.04%	0.12%	0.04%
MUFG	B	0.51%	0.37%	0.37%
NVS	D	0.81%	0.79%	0.79%
OTEX	D	0.03%	0.03%	0.03%
QGEN	D	0.0%	0.03%	0.0%
RBA	A	0.04%	0.08%	0.04%
SE	B	0.14%	0.05%	0.05%
SHOP	B	0.52%	0.15%	0.15%
SMFG	B	0.27%	0.31%	0.27%
STLA	F	0.1%	0.1%	0.1%
TD	F	0.44%	0.26%	0.26%
TEVA	D	0.07%	0.06%	0.06%
TM	D	0.68%	0.59%	0.59%
UL	D	0.54%	0.29%	0.29%
WIX	B	0.04%	0.01%	0.01%
XRX	F	0.05%	0.02%	0.02%

CWI Overweight 55 Positions Relative to AVDE

Symbol	Grade	Weight
TSM	B	3.02%
HSBH	B	0.66%
BABA	D	0.6%
SONY	B	0.47%
INFY	B	0.33%
PDD	F	0.28%
IBN	C	0.27%
HDB	C	0.25%
ITUB	F	0.15%
TCOM	B	0.13%
VALE	F	0.13%
CHT	D	0.11%
KB	B	0.11%
BIDU	F	0.1%
UMC	F	0.1%
BABA	D	0.09%
SHG	D	0.09%
BAP	B	0.08%
RDY	F	0.08%
YUMC	C	0.07%
BBD	D	0.07%
NMR	B	0.07%
ABEV	F	0.06%
PKX	F	0.06%
CIB	B	0.05%
LI	F	0.05%
BEKE	D	0.05%
WIT	A	0.04%
CIG	C	0.04%
ENIC	D	0.04%
BGNE	D	0.04%
GGB	C	0.03%
HTHT	D	0.03%
NIO	F	0.03%
CSAN	F	0.03%
SQM	F	0.03%
VIPS	F	0.03%
TME	D	0.03%
XPEV	C	0.02%
LEGN	F	0.02%
QFIN	B	0.02%
XPEV	C	0.02%
BRFS	D	0.02%
TAL	F	0.02%
PHI	D	0.02%
KEP	B	0.02%
BILI	D	0.02%
IQ	F	0.01%
VALE	F	0.01%
ATHM	D	0.01%
SBSW	D	0.01%
BVN	F	0.01%
BZ	F	0.01%
SID	F	0.01%
SCCO	F	0.0%

CWI Underweight 80 Positions Relative to AVDE

Symbol	Grade	Weight
NVO	D	-1.4%
TTE	F	-0.63%
HSBC	B	-0.62%
ASML	F	-0.6%
BP	D	-0.49%
BHP	F	-0.48%
AZN	D	-0.43%
SAP	B	-0.34%
GSK	F	-0.33%
RELX	C	-0.32%
ING	F	-0.31%
RIO	D	-0.3%
SAN	F	-0.28%
SNY	F	-0.28%
BBVA	F	-0.28%
ORAN	F	-0.21%
STM	F	-0.2%
NWG	C	-0.18%
NGG	D	-0.17%
VOD	F	-0.16%
WFG	D	-0.16%
IX	F	-0.15%
BUD	F	-0.12%
ZIM	C	-0.12%
SW	A	-0.12%
HLN	D	-0.12%
TEF	D	-0.11%
PHG	D	-0.11%
CCEP	C	-0.09%
EQNR	D	-0.09%
ERIC	B	-0.09%
NOK	D	-0.08%
TAK	F	-0.07%
SNN	D	-0.06%
SPOT	B	-0.05%
CHRD	D	-0.05%
GMAB	F	-0.05%
ARGX	A	-0.05%
TAC	B	-0.03%
GLNG	C	-0.03%
CUK	B	-0.03%
TRMD	F	-0.02%
WPP	B	-0.02%
WDS	D	-0.02%
BUR	C	-0.02%
KRNT	C	-0.01%
VMAR	F	-0.01%
ASTL	B	-0.01%
FMS	A	-0.01%
ICLR	D	-0.01%
AEI	D	-0.01%
TS	B	-0.01%
GLPG	D	-0.01%
PSO	B	-0.01%
PDS	C	-0.01%
NICE	C	-0.01%
FRO	F	-0.01%
DOOO	F	-0.01%
CLLS	F	-0.0%
IAUX	F	-0.0%
SPNS	F	-0.0%
IPHA	F	-0.0%
UBCP	C	-0.0%
CSTE	D	-0.0%
QIPT	F	-0.0%
GEN	B	-0.0%
PIXY	F	-0.0%
RENB	F	-0.0%
LSPD	C	-0.0%
CLF	F	-0.0%
SSBI	F	-0.0%
ORLA	C	-0.0%
VGR	D	-0.0%
MLCO	F	-0.0%
ITRN	B	-0.0%
ELBM	F	-0.0%
NNDM	F	-0.0%
CSTM	F	-0.0%
FLNG	B	-0.0%
TCI	D	-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