CWI vs. AVIV ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to Avantis International Large Cap Value ETF (AVIV)

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

AVIV

Avantis International Large Cap Value ETF

AVIV Description

AVIV actively invests in equity securities from developed market companies outside the US, reaching across different market sectors and industry groups, with a focus on companies trading at lower prices relative to their book value ratios and other financial metrics. The fund emphasises high profitability and value companies, which are identified by looking at reported and estimated company financials, market data, and other fundamental data like cash flows, revenues, and shares outstanding. The portfolio managers may also consider other factors when selecting the securities for the fund, such as historical performance of the share, liquidity, and tax, governance, or cost considerations. Market and financial data analysis is utilized on a continuous basis to make buy, sell, and hold decisions.

Grade (RS Rating)

Last Trade

$53.33

Average Daily Volume

41,981

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWI	AVIV
30 Days	-2.14%	-1.08%
60 Days	-3.35%	-3.78%
90 Days	-3.13%	-3.60%
12 Months	14.07%	12.67%

16 Overlapping Holdings

Symbol	Grade	Weight in CWI	Weight in AVIV	Overlap
AER	B	0.03%	0.21%	0.03%
AGCO	D	0.04%	0.14%	0.04%
BCS	C	0.21%	0.64%	0.21%
CNI	D	0.32%	0.29%	0.29%
E	F	0.15%	0.56%	0.15%
FUTU	D	0.02%	0.01%	0.01%
HMC	F	0.16%	0.43%	0.16%
LOGI	D	0.03%	0.17%	0.03%
LYG	F	0.16%	0.58%	0.16%
MFG	B	0.15%	0.26%	0.15%
MT	B	0.04%	0.05%	0.04%
NVS	D	0.81%	1.88%	0.81%
SMFG	B	0.27%	0.61%	0.27%
STLA	F	0.1%	0.46%	0.1%
TD	F	0.44%	0.73%	0.44%
TM	D	0.68%	1.33%	0.68%

CWI Overweight 73 Positions Relative to AVIV

Symbol	Grade	Weight
TSM	B	3.02%
HSBH	B	0.66%
BABA	D	0.6%
UL	D	0.54%
SHOP	B	0.52%
MUFG	B	0.51%
SONY	B	0.47%
ABBV	D	0.45%
INFY	B	0.33%
PDD	F	0.28%
DEO	F	0.27%
IBN	C	0.27%
HDB	C	0.25%
ITUB	F	0.15%
SE	B	0.14%
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%
TEVA	D	0.07%
NMR	B	0.07%
ABEV	F	0.06%
PKX	F	0.06%
CHKP	D	0.06%
XRX	F	0.05%
CIB	B	0.05%
LI	F	0.05%
BEKE	D	0.05%
WIT	A	0.04%
CIG	C	0.04%
RBA	A	0.04%
WIX	B	0.04%
ENIC	D	0.04%
BGNE	D	0.04%
CYBR	B	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%
GRAB	B	0.03%
MNDY	C	0.03%
TME	D	0.03%
OTEX	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%
GLBE	B	0.01%
SBSW	D	0.01%
MBAVU	D	0.01%
BVN	F	0.01%
BZ	F	0.01%
SID	F	0.01%
QGEN	D	0.0%
SCCO	F	0.0%

CWI Underweight 23 Positions Relative to AVIV

Symbol	Grade	Weight
BHP	F	-1.48%
HSBC	B	-1.38%
TTE	F	-1.2%
BP	D	-1.02%
BBVA	F	-0.99%
GSK	F	-0.61%
NWG	C	-0.53%
VOD	F	-0.51%
ORAN	F	-0.49%
NVO	D	-0.39%
ING	F	-0.31%
STM	F	-0.29%
EQNR	D	-0.26%
IX	F	-0.24%
PHG	D	-0.2%
CCEP	C	-0.12%
ERIC	B	-0.08%
TS	B	-0.06%
WDS	D	-0.04%
CUK	B	-0.04%
NOK	D	-0.02%
DOOO	F	-0.01%
AZN	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