CWI vs. DFIV ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to Dimensional International Value ETF (DFIV)

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

DFIV

Dimensional International Value ETF

DFIV Description

Dimensional ETF Trust - Dimensional International Value ETF is an exchange traded fund launched and managed by Dimensional Fund Advisors L.P. The fund is co-managed by Dimensional Fund Advisors Ltd. and DFA Australia Limited. The fund invests in public equity markets of global ex-US region. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies. It seeks to benchmark the performance of its portfolio against the MSCI World ex USA Index (net dividends). Dimensional ETF Trust - Dimensional International Value ETF was formed on April 16, 1999 and is domiciled in United States.

Grade (RS Rating)

Last Trade

$36.46

Average Daily Volume

504,918

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWI	DFIV
30 Days	-2.14%	-0.90%
60 Days	-3.35%	-3.88%
90 Days	-3.13%	-3.40%
12 Months	14.07%	15.32%

24 Overlapping Holdings

Symbol	Grade	Weight in CWI	Weight in DFIV	Overlap
AGCO	D	0.04%	0.19%	0.04%
BCS	C	0.21%	0.55%	0.21%
BCS	C	0.21%	0.15%	0.15%
E	F	0.15%	0.6%	0.15%
E	F	0.15%	0.0%	0.0%
HMC	F	0.16%	0.51%	0.16%
HMC	F	0.16%	0.16%	0.16%
HSBH	B	0.66%	0.16%	0.16%
LYG	F	0.16%	0.15%	0.15%
LYG	F	0.16%	0.69%	0.16%
MFG	B	0.15%	0.45%	0.15%
MT	B	0.04%	0.15%	0.04%
MUFG	B	0.51%	0.08%	0.08%
MUFG	B	0.51%	1.26%	0.51%
NMR	B	0.07%	0.07%	0.07%
NMR	B	0.07%	0.13%	0.07%
NVS	D	0.81%	0.48%	0.48%
NVS	D	0.81%	1.4%	0.81%
SMFG	B	0.27%	0.19%	0.19%
SMFG	B	0.27%	0.88%	0.27%
STLA	F	0.1%	0.57%	0.1%
TD	F	0.44%	1.32%	0.44%
TM	D	0.68%	1.31%	0.68%
TM	D	0.68%	0.0%	0.0%

CWI Overweight 74 Positions Relative to DFIV

Symbol	Grade	Weight
TSM	B	3.02%
BABA	D	0.6%
UL	D	0.54%
SHOP	B	0.52%
SONY	B	0.47%
ABBV	D	0.45%
INFY	B	0.33%
CNI	D	0.32%
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%
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%
LOGI	D	0.03%
SQM	F	0.03%
VIPS	F	0.03%
GRAB	B	0.03%
AER	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%
FUTU	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 21 Positions Relative to DFIV

Symbol	Grade	Weight
HSBC	B	-1.42%
BP	D	-0.77%
SAN	F	-0.38%
PHG	D	-0.34%
NWG	C	-0.3%
GOLD	D	-0.22%
BBVA	F	-0.18%
STM	F	-0.14%
WFG	D	-0.14%
CCEP	C	-0.1%
NOK	D	-0.09%
VOD	F	-0.05%
TS	B	-0.04%
GOGL	F	-0.03%
BTI	B	-0.02%
SNY	F	-0.0%
SW	A	-0.0%
BUD	F	-0.0%
TEF	D	-0.0%
NVO	D	-0.0%
GMAB	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

DFIV: Top Represented Industries & Keywords

Industries: Banks - Global Auto Manufacturers Drug Manufacturers - Major Oil & Gas Integrated Telecom Services Banks - Regional - Asia Banks - Regional - Europe Beverages - Brewers Beverages - Soft Drinks Biotechnology Capital Markets Communication Equipment Diagnostics & Research Farm & Construction Equipment Gold Long-Term Care Facilities Lumber & Wood Production Oil & Gas Equipment & Services Packaging & Containers Semiconductors