CWI vs. DFAE ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to Dimensional Emerging Core Equity Market ETF (DFAE)

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

$28.63

Average Daily Volume

156,410

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFAE

Dimensional Emerging Core Equity Market ETF

DFAE Description

The investment objective of the Dimensional Emerging Core Equity Market ETF is to achieve long-term capital appreciation.

Grade (RS Rating)

Last Trade

$25.83

Average Daily Volume

698,961

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

Performance

Period	CWI	DFAE
30 Days	-3.80%	-4.40%
60 Days	-3.51%	-1.37%
90 Days	-3.73%	-2.53%
12 Months	13.36%	12.07%

62 Overlapping Holdings

Symbol	Grade	Weight in CWI	Weight in DFAE	Overlap
ABEV	F	0.06%	0.05%	0.05%
ABEV	F	0.06%	0.0%	0.0%
BABA	D	0.09%	1.7%	0.09%
BABA	D	0.6%	0.17%	0.17%
BABA	D	0.6%	1.7%	0.6%
BABA	D	0.09%	0.17%	0.09%
BAP	A	0.08%	0.09%	0.08%
BBD	D	0.07%	0.02%	0.02%
BGNE	D	0.04%	0.01%	0.01%
BGNE	D	0.04%	0.05%	0.04%
BIDU	F	0.1%	0.05%	0.05%
BIDU	F	0.1%	0.26%	0.1%
BILI	D	0.02%	0.05%	0.02%
BILI	D	0.02%	0.0%	0.0%
BRFS	C	0.02%	0.0%	0.0%
BRFS	C	0.02%	0.02%	0.02%
CHT	C	0.11%	0.05%	0.05%
CHT	C	0.11%	0.06%	0.06%
CIB	B	0.05%	0.04%	0.04%
CIG	C	0.04%	0.02%	0.02%
CSAN	F	0.03%	0.04%	0.03%
CSAN	F	0.03%	0.0%	0.0%
GGB	C	0.03%	0.05%	0.03%
GGB	C	0.03%	0.01%	0.01%
HDB	C	0.25%	0.2%	0.2%
HDB	C	0.25%	0.51%	0.25%
HTHT	D	0.03%	0.01%	0.01%
IBN	C	0.27%	0.2%	0.2%
IBN	C	0.27%	0.7%	0.27%
INFY	C	0.33%	0.39%	0.33%
IQ	F	0.01%	0.02%	0.01%
ITUB	F	0.15%	0.02%	0.02%
KB	B	0.11%	0.26%	0.11%
KB	B	0.11%	0.05%	0.05%
KEP	B	0.02%	0.04%	0.02%
KEP	B	0.02%	0.01%	0.01%
LI	F	0.05%	0.13%	0.05%
LI	F	0.05%	0.03%	0.03%
NIO	F	0.03%	0.08%	0.03%
PDD	F	0.28%	0.74%	0.28%
PHI	D	0.02%	0.0%	0.0%
PKX	D	0.06%	0.03%	0.03%
RDY	F	0.08%	0.11%	0.08%
SBSW	D	0.01%	0.05%	0.01%
SHG	C	0.09%	0.02%	0.02%
SHG	C	0.09%	0.21%	0.09%
SQM	D	0.03%	0.05%	0.03%
TCOM	B	0.13%	0.34%	0.13%
TCOM	B	0.13%	0.07%	0.07%
TME	D	0.03%	0.07%	0.03%
UMC	F	0.1%	0.05%	0.05%
UMC	F	0.1%	0.1%	0.1%
VALE	F	0.13%	0.28%	0.13%
VALE	F	0.01%	0.06%	0.01%
VALE	F	0.01%	0.28%	0.01%
VALE	F	0.13%	0.06%	0.06%
VIPS	F	0.03%	0.09%	0.03%
WIT	B	0.04%	0.09%	0.04%
WIT	B	0.04%	0.01%	0.01%
XPEV	C	0.02%	0.1%	0.02%
XPEV	C	0.02%	0.1%	0.02%
YUMC	C	0.07%	0.24%	0.07%

CWI Overweight 48 Positions Relative to DFAE

Symbol	Grade	Weight
TSM	B	3.02%
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%
STLA	F	0.1%
TEVA	C	0.07%
NMR	B	0.07%
CHKP	C	0.06%
XRX	F	0.05%
BEKE	D	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%
LOGI	D	0.03%
GRAB	A	0.03%
AER	A	0.03%
MNDY	C	0.03%
OTEX	F	0.03%
LEGN	D	0.02%
QFIN	A	0.02%
FUTU	D	0.02%
TAL	F	0.02%
ATHM	C	0.01%
GLBE	B	0.01%
MBAVU	C	0.01%
BVN	D	0.01%
BZ	F	0.01%
SID	F	0.01%
QGEN	D	0.0%
SCCO	F	0.0%

CWI Underweight 51 Positions Relative to DFAE

Symbol	Grade	Weight
GFI	D	-0.14%
PAC	B	-0.1%
ERJ	A	-0.07%
CX	F	-0.07%
NTES	D	-0.07%
ASAI	F	-0.06%
FMX	F	-0.06%
SKM	C	-0.05%
ASR	D	-0.05%
GDS	C	-0.04%
CAR	C	-0.04%
ERJ	A	-0.04%
LPL	D	-0.04%
HMY	D	-0.04%
KOF	F	-0.03%
PBR	D	-0.03%
BCH	C	-0.03%
BSAC	C	-0.02%
SGRP	D	-0.02%
VIV	F	-0.02%
ASX	D	-0.02%
ELP	F	-0.01%
OMAB	D	-0.01%
EBR	F	-0.01%
ASAI	F	-0.01%
UGP	F	-0.01%
IMOS	F	-0.01%
TLK	D	-0.01%
SUZ	B	-0.01%
WF	C	-0.01%
SKM	C	-0.01%
BCH	C	-0.01%
SBS	B	-0.01%
JD	D	-0.01%
JKS	F	-0.01%
BAK	F	-0.0%
PDSB	F	-0.0%
LGHT	D	-0.0%
BSBR	F	-0.0%
IMOS	F	-0.0%
IFS	A	-0.0%
MGNX	F	-0.0%
BAOS	F	-0.0%
BZUN	F	-0.0%
VNET	B	-0.0%
ZLAB	C	-0.0%
LPL	D	-0.0%
AKO.A	F	-0.0%
SLDB	F	-0.0%
ZTO	F	-0.0%
SHPH	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