CWI vs. AVSE ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to Avantis Responsible Emerging Markets Equity ETF (AVSE)

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

$28.73

Average Daily Volume

156,410

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$52.14

Average Daily Volume

3,334

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWI	AVSE
30 Days	-3.80%	-4.16%
60 Days	-3.51%	-1.36%
90 Days	-3.73%	-1.56%
12 Months	13.36%	15.31%

42 Overlapping Holdings

Symbol	Grade	Weight in CWI	Weight in AVSE	Overlap
ABEV	F	0.06%	0.08%	0.06%
ATHM	C	0.01%	0.06%	0.01%
BABA	D	0.6%	1.8%	0.6%
BABA	D	0.09%	1.8%	0.09%
BAP	A	0.08%	0.18%	0.08%
BBD	D	0.07%	0.16%	0.07%
BEKE	D	0.05%	0.17%	0.05%
BGNE	D	0.04%	0.03%	0.03%
BGNE	D	0.04%	0.05%	0.04%
BIDU	F	0.1%	0.05%	0.05%
BILI	D	0.02%	0.0%	0.0%
BZ	F	0.01%	0.01%	0.01%
CHT	C	0.11%	0.06%	0.06%
CIB	B	0.05%	0.04%	0.04%
CIG	C	0.04%	0.12%	0.04%
HDB	C	0.25%	0.56%	0.25%
HTHT	D	0.03%	0.25%	0.03%
IBN	C	0.27%	0.48%	0.27%
INFY	C	0.33%	0.76%	0.33%
IQ	F	0.01%	0.06%	0.01%
ITUB	F	0.15%	0.34%	0.15%
KB	B	0.11%	0.48%	0.11%
LI	F	0.05%	0.29%	0.05%
NIO	F	0.03%	0.02%	0.02%
PDD	F	0.28%	0.71%	0.28%
PHI	D	0.02%	0.03%	0.02%
QFIN	A	0.02%	0.09%	0.02%
RDY	F	0.08%	0.09%	0.08%
SBSW	D	0.01%	0.07%	0.01%
SCCO	F	0.0%	0.05%	0.0%
SHG	C	0.09%	0.38%	0.09%
SQM	D	0.03%	0.03%	0.03%
TAL	F	0.02%	0.0%	0.0%
TCOM	B	0.13%	0.27%	0.13%
TME	D	0.03%	0.08%	0.03%
TSM	B	3.02%	5.9%	3.02%
UMC	F	0.1%	0.24%	0.1%
VIPS	F	0.03%	0.23%	0.03%
WIT	B	0.04%	0.07%	0.04%
XPEV	C	0.02%	0.01%	0.01%
XPEV	C	0.02%	0.01%	0.01%
YUMC	C	0.07%	0.41%	0.07%

CWI Overweight 48 Positions Relative to AVSE

Symbol	Grade	Weight
NVS	F	0.81%
TM	F	0.68%
HSBH	B	0.66%
UL	D	0.54%
SHOP	B	0.52%
MUFG	B	0.51%
SONY	B	0.47%
ABBV	F	0.45%
TD	D	0.44%
CNI	F	0.32%
SMFG	B	0.27%
DEO	F	0.27%
BCS	A	0.21%
HMC	F	0.16%
LYG	D	0.16%
MFG	A	0.15%
E	F	0.15%
SE	A	0.14%
VALE	F	0.13%
STLA	F	0.1%
TEVA	C	0.07%
NMR	B	0.07%
PKX	D	0.06%
CHKP	C	0.06%
XRX	F	0.05%
AGCO	D	0.04%
RBA	A	0.04%
WIX	A	0.04%
ENIC	B	0.04%
MT	B	0.04%
CYBR	A	0.04%
GGB	C	0.03%
CSAN	F	0.03%
LOGI	D	0.03%
GRAB	A	0.03%
AER	A	0.03%
MNDY	C	0.03%
OTEX	F	0.03%
LEGN	D	0.02%
BRFS	C	0.02%
FUTU	D	0.02%
KEP	B	0.02%
VALE	F	0.01%
GLBE	B	0.01%
MBAVU	C	0.01%
BVN	D	0.01%
SID	F	0.01%
QGEN	D	0.0%

CWI Underweight 49 Positions Relative to AVSE

Symbol	Grade	Weight
NTES	D	-0.51%
CPNG	D	-0.28%
ASX	D	-0.22%
ZTO	F	-0.2%
GFI	D	-0.17%
PAC	B	-0.16%
SUZ	B	-0.14%
TLK	D	-0.13%
STNE	F	-0.13%
SBS	B	-0.11%
FMX	F	-0.1%
LPL	D	-0.09%
OMAB	D	-0.09%
EBR	F	-0.08%
ASAI	F	-0.08%
CAR	C	-0.08%
BCH	C	-0.08%
SKM	C	-0.07%
ASR	D	-0.07%
VIV	F	-0.06%
TKC	B	-0.06%
MNSO	D	-0.06%
KT	A	-0.05%
TV	F	-0.05%
SGRP	D	-0.04%
PAGS	F	-0.04%
ASAI	F	-0.04%
IFS	A	-0.04%
MOMO	D	-0.04%
AKO.A	F	-0.04%
BSAC	C	-0.04%
ELP	F	-0.04%
YY	B	-0.04%
LX	B	-0.03%
NOAH	D	-0.03%
SOHU	F	-0.03%
IMOS	F	-0.03%
VNET	B	-0.02%
BSBR	F	-0.02%
CCU	D	-0.02%
WB	D	-0.02%
PDSB	F	-0.01%
NIU	F	-0.0%
DAO	B	-0.0%
TIGR	D	-0.0%
TUYA	D	-0.0%
CANG	B	-0.0%
API	B	-0.0%
CAAS	C	-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