CWI vs. DFEV ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to Dimensional Emerging Markets Value ETF (DFEV)

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 ^*

89

* may have additional holdings in another (foreign) market

DFEV

Dimensional Emerging Markets Value ETF

DFEV Description

The Portfolio is designed to purchase emerging market equity securities that are deemed by the Advisor to be value stocks at the time of purchase, which may include frontier markets (emerging market countries in an earlier stage of development). As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in emerging markets investments that are defined in the Prospectus as Approved Markets securities. The Portfolio may purchase emerging market equity securities across all market capitalizations.

Grade (RS Rating)

Last Trade

$26.88

Average Daily Volume

100,424

Number of Holdings ^*

50

* may have additional holdings in another (foreign) market

Performance

Period	CWI	DFEV
30 Days	-2.14%	-3.17%
60 Days	-3.35%	-1.93%
90 Days	-3.13%	-2.06%
12 Months	14.07%	14.78%

33 Overlapping Holdings

	Symbol	Grade	Weight in CWI	Weight in DFEV	Overlap
	BABA	D	0.6%	1.73%	0.6%
	BABA	D	0.6%	0.24%	0.24%
	BABA	D	0.09%	1.73%	0.09%
	BABA	D	0.09%	0.24%	0.09%
	BBD	D	0.07%	0.07%	0.07%
	BIDU	F	0.1%	0.07%	0.07%
	BIDU	F	0.1%	0.5%	0.1%
	BRFS	D	0.02%	0.09%	0.02%
	CSAN	F	0.03%	0.06%	0.03%
	GGB	C	0.03%	0.08%	0.03%
	GGB	C	0.03%	0.05%	0.03%
	HDB	C	0.25%	0.81%	0.25%
	HDB	C	0.25%	0.08%	0.08%
	IBN	C	0.27%	0.01%	0.01%
	IQ	F	0.01%	0.03%	0.01%
	KB	B	0.11%	0.81%	0.11%
	KB	B	0.11%	0.01%	0.01%
	PKX	F	0.06%	0.02%	0.02%
	RDY	F	0.08%	0.17%	0.08%
	SBSW	D	0.01%	0.1%	0.01%
	SHG	D	0.09%	0.02%	0.02%
	SHG	D	0.09%	0.52%	0.09%
	TCOM	B	0.13%	0.55%	0.13%
	TME	D	0.03%	0.06%	0.03%
	UMC	F	0.1%	0.12%	0.1%
	UMC	F	0.1%	0.49%	0.1%
	VALE	F	0.01%	0.63%	0.01%
	VALE	F	0.13%	0.63%	0.13%
	VIPS	F	0.03%	0.1%	0.03%
	WIT	A	0.04%	0.27%	0.04%
	WIT	A	0.04%	0.11%	0.04%
	XPEV	C	0.02%	0.0%	0.0%
	XPEV	C	0.02%	0.0%	0.0%

CWI Overweight 65 Positions Relative to DFEV

	Symbol	Grade	Weight
	TSM	B	3.02%
	NVS	D	0.81%
	TM	D	0.68%
	HSBH	B	0.66%
	UL	D	0.54%
	SHOP	B	0.52%
	MUFG	B	0.51%
	SONY	B	0.47%
	ABBV	D	0.45%
	TD	F	0.44%
	INFY	B	0.33%
	CNI	D	0.32%
	PDD	F	0.28%
	SMFG	B	0.27%
	DEO	F	0.27%
	BCS	C	0.21%
	HMC	F	0.16%
	LYG	F	0.16%
	MFG	B	0.15%
	ITUB	F	0.15%
	E	F	0.15%
	SE	B	0.14%
	CHT	D	0.11%
	STLA	F	0.1%
	BAP	B	0.08%
	YUMC	C	0.07%
	TEVA	D	0.07%
	NMR	B	0.07%
	ABEV	F	0.06%
	CHKP	D	0.06%
	XRX	F	0.05%
	CIB	B	0.05%
	LI	F	0.05%
	BEKE	D	0.05%
	CIG	C	0.04%
	AGCO	D	0.04%
	RBA	A	0.04%
	WIX	B	0.04%
	ENIC	D	0.04%
	BGNE	D	0.04%
	MT	B	0.04%
	CYBR	B	0.04%
	HTHT	D	0.03%
	NIO	F	0.03%
	LOGI	D	0.03%
	SQM	F	0.03%
	GRAB	B	0.03%
	AER	B	0.03%
	MNDY	C	0.03%
	OTEX	D	0.03%
	LEGN	F	0.02%
	QFIN	B	0.02%
	FUTU	D	0.02%
	TAL	F	0.02%
	PHI	D	0.02%
	KEP	B	0.02%
	BILI	D	0.02%
	ATHM	D	0.01%
	GLBE	B	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 21 Positions Relative to DFEV

	Symbol	Grade	Weight
	CX	D	-0.22%
	ERJ	B	-0.17%
	HMY	D	-0.1%
	LPL	F	-0.08%
	ERJ	B	-0.05%
	FMX	F	-0.05%
	PBR	C	-0.05%
	JKS	F	-0.03%
	GDS	C	-0.03%
	IMOS	F	-0.02%
	ASX	D	-0.02%
	WF	C	-0.02%
	LPL	F	-0.01%
	BAOS	F	-0.01%
	SHPH	F	-0.01%
	BSBR	F	-0.0%
	DRD	D	-0.0%
	IMOS	F	-0.0%
	VNET	B	-0.0%
	VIST	A	-0.0%
	SUZ	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

Keywords: Banking Bank Investment Banking Financial Products Investment Banking Services Cash Management Investment Bank Investment Product Telecommunications Transport Asset Management Asset Management Services Cars Commercial Banking Currency Insurance Products Mining Pharmaceutical Structured Finance Cash Management Services

DFEV: Top Represented Industries & Keywords

Industries: Banks - Regional - Asia Gold Internet Content & Information Semiconductors Banks - Regional - Latin America Drug Manufacturers - Specialty & Generic Information Technology Services Specialty Retail Steel Advertising Agencies Aerospace & Defense Auto Manufacturers Beverages - Brewers Building Materials Consumer Electronics Data Storage Industrial Metals & Minerals Leisure Oil & Gas E&P Oil & Gas Integrated

Keywords: Bank Banking Investment Banking Currency Financial Products Advertising Services Commercial Banking Deposit Products Electronic Engineering Electronics Investment Banking Services Machinery Online Advertising Securitization Semiconductor Semiconductor Device Fabrication Trust Management Account Management Asset Management Services Backup Software