CWI vs. QEMM ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to SPDR MSCI Emerging Markets Quality Mix ETF (QEMM)

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

$28.71

Average Daily Volume

156,410

Number of Holdings ^*

89

* may have additional holdings in another (foreign) market

QEMM

SPDR MSCI Emerging Markets Quality Mix ETF

QEMM Description

The investment seeks to track the performance of the MSCI Emerging Markets (EM) Quality Mix Index. The index captures large- and mid-cap representation across 23 emerging markets countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.63

Average Daily Volume

1,920

Number of Holdings ^*

59

* may have additional holdings in another (foreign) market

Performance

Period	CWI	QEMM
30 Days	-3.80%	-3.65%
60 Days	-3.51%	-1.79%
90 Days	-3.73%	-1.91%
12 Months	13.36%	11.31%

53 Overlapping Holdings

	Symbol	Grade	Weight in CWI	Weight in QEMM	Overlap
	ABEV	F	0.06%	0.02%	0.02%
	ABEV	F	0.06%	0.28%	0.06%
	ATHM	C	0.01%	0.01%	0.01%
	BABA	D	0.09%	0.69%	0.09%
	BABA	D	0.6%	0.69%	0.6%
	BABA	D	0.6%	0.04%	0.04%
	BABA	D	0.09%	0.04%	0.04%
	BAP	A	0.08%	0.25%	0.08%
	BEKE	D	0.05%	0.02%	0.02%
	BGNE	D	0.04%	0.01%	0.01%
	BIDU	F	0.1%	0.09%	0.09%
	BVN	D	0.01%	0.1%	0.01%
	CHT	C	0.11%	0.49%	0.11%
	CIB	B	0.05%	0.01%	0.01%
	CIG	C	0.04%	0.01%	0.01%
	CSAN	F	0.03%	0.02%	0.02%
	ENIC	B	0.04%	0.0%	0.0%
	GGB	C	0.03%	0.05%	0.03%
	HDB	C	0.25%	0.25%	0.25%
	IBN	C	0.27%	0.15%	0.15%
	IBN	C	0.27%	0.14%	0.14%
	INFY	C	0.33%	1.07%	0.33%
	IQ	F	0.01%	0.0%	0.0%
	ITUB	F	0.15%	0.15%	0.15%
	KB	B	0.11%	0.21%	0.11%
	KB	B	0.11%	0.09%	0.09%
	KEP	B	0.02%	0.06%	0.02%
	KEP	B	0.02%	0.09%	0.02%
	LEGN	D	0.02%	0.05%	0.02%
	LI	F	0.05%	0.02%	0.02%
	NIO	F	0.03%	0.0%	0.0%
	PDD	F	0.28%	1.32%	0.28%
	PKX	D	0.06%	0.08%	0.06%
	QFIN	A	0.02%	0.12%	0.02%
	RDY	F	0.08%	0.17%	0.08%
	SBSW	D	0.01%	0.04%	0.01%
	SCCO	F	0.0%	0.25%	0.0%
	SHG	C	0.09%	0.22%	0.09%
	SHG	C	0.09%	0.03%	0.03%
	SID	F	0.01%	0.02%	0.01%
	SQM	D	0.03%	0.01%	0.01%
	TCOM	B	0.13%	0.06%	0.06%
	TME	D	0.03%	0.02%	0.02%
	UMC	F	0.1%	0.1%	0.1%
	VALE	F	0.13%	0.03%	0.03%
	VALE	F	0.13%	1.15%	0.13%
	VALE	F	0.01%	1.15%	0.01%
	VALE	F	0.01%	0.03%	0.01%
	VIPS	F	0.03%	0.17%	0.03%
	WIT	B	0.04%	0.25%	0.04%
	XPEV	C	0.02%	0.01%	0.01%
	XPEV	C	0.02%	0.01%	0.01%
	YUMC	C	0.07%	0.09%	0.07%

CWI Overweight 45 Positions Relative to QEMM

	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%
	BBD	D	0.07%
	TEVA	C	0.07%
	NMR	B	0.07%
	CHKP	C	0.06%
	XRX	F	0.05%
	AGCO	D	0.04%
	RBA	A	0.04%
	WIX	A	0.04%
	MT	B	0.04%
	CYBR	A	0.04%
	HTHT	D	0.03%
	LOGI	D	0.03%
	GRAB	A	0.03%
	AER	A	0.03%
	MNDY	C	0.03%
	OTEX	F	0.03%
	BRFS	C	0.02%
	FUTU	D	0.02%
	TAL	F	0.02%
	PHI	D	0.02%
	BILI	D	0.02%
	GLBE	B	0.01%
	MBAVU	C	0.01%
	BZ	F	0.01%
	QGEN	D	0.0%

CWI Underweight 11 Positions Relative to QEMM

	Symbol	Grade	Weight
	SKM	C	-0.18%
	PBR	D	-0.16%
	SBS	B	-0.03%
	SUZ	B	-0.03%
	ASAI	F	-0.02%
	UGP	F	-0.02%
	LPL	D	-0.02%
	BSAC	C	-0.01%
	LPL	D	-0.01%
	BCH	C	-0.01%
	VIV	F	-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

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

QEMM: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Banks - Regional - Asia Internet Content & Information Auto Manufacturers Specialty Retail Steel Telecom Services Biotechnology Industrial Metals & Minerals Information Technology Services Oil & Gas Refining & Marketing Utilities - Regulated Electric Beverages - Brewers Chemicals Consumer Electronics Copper Credit Services Drug Manufacturers - Specialty & Generic Gold Grocery Stores

Keywords: Bank Banking Currency Investment Banking Financial Products Investment Banking Services Natural Gas Advertising Services Cash Management Factoring Investment Product Securitization Telecommunications Broadband Cloud Computing Commercial Banking Demand Deposit Distribution Network Electric Vehicle Electricity