CWI vs. DWM ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to WisdomTree DEFA Fund (DWM)

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

DWM

WisdomTree DEFA Fund

DWM Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index of Europe, Far East Asia and Australasia. The fund normally invests at least 95% of its total assets (exclusive of collateral held from securities lending) in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is comprised of dividend-paying companies in the industrialized world, excluding Canada and the United States, that pay regular cash dividends. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.96

Average Daily Volume

19,066

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWI	DWM
30 Days	-2.14%	-2.53%
60 Days	-3.35%	-5.62%
90 Days	-3.13%	-5.23%
12 Months	14.07%	12.13%

16 Overlapping Holdings

Symbol	Grade	Weight in CWI	Weight in DWM	Overlap
ABBV	D	0.45%	0.5%	0.45%
BCS	C	0.21%	0.18%	0.18%
DEO	F	0.27%	0.27%	0.27%
E	F	0.15%	0.43%	0.15%
HMC	F	0.16%	0.32%	0.16%
HSBH	B	0.66%	2.15%	0.66%
LOGI	D	0.03%	0.04%	0.03%
LYG	F	0.16%	0.19%	0.16%
MFG	B	0.15%	0.19%	0.15%
MUFG	B	0.51%	0.52%	0.51%
NMR	B	0.07%	0.03%	0.03%
NVS	D	0.81%	1.62%	0.81%
SMFG	B	0.27%	0.35%	0.27%
SONY	B	0.47%	0.12%	0.12%
TM	D	0.68%	1.3%	0.68%
UL	D	0.54%	0.95%	0.54%

CWI Overweight 73 Positions Relative to DWM

Symbol	Grade	Weight
TSM	B	3.02%
BABA	D	0.6%
SHOP	B	0.52%
TD	F	0.44%
INFY	B	0.33%
CNI	D	0.32%
PDD	F	0.28%
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%
STLA	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%
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%
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%
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 5 Positions Relative to DWM

Symbol	Grade	Weight
FRO	F	-0.06%
AEI	D	-0.03%
MNTX	C	-0.02%
UBCP	C	-0.02%
VGR	D	-0.01%

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