DBAW vs. DFEM ETF Comparison

Comparison of db X-trackers MSCI All World ex US Hedged Equity Fund (DBAW) to Dimensional Emerging Markets Core Equity 2 ETF (DFEM)

DBAW

db X-trackers MSCI All World ex US Hedged Equity Fund

DBAW Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI ACWI ex USA US Dollar Hedged Index. The fund, using a "passive" or indexing investment approach, attempts to approximate the investment performance of the underlying index. The underlying index is designed to provide exposure to equity securities in developed and emerging stock markets (excluding the United States), while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.01

Average Daily Volume

9,925

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFEM

Dimensional Emerging Markets Core Equity 2 ETF

DFEM Description

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets, 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 equity investments that are defined in the prospectus as Approved Market securities.

Grade (RS Rating)

Last Trade

$27.04

Average Daily Volume

626,943

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DBAW	DFEM
30 Days	6.55%	8.99%
60 Days	4.17%	6.38%
90 Days	8.55%	8.74%
12 Months	19.16%	18.78%

48 Overlapping Holdings

Symbol	Grade	Weight in DBAW	Weight in DFEM	Overlap
ABEV	F	0.04%	0.03%	0.03%
ASAI	F	0.03%	0.05%	0.03%
ASAI	F	0.03%	0.03%	0.03%
BABA	B	0.63%	1.31%	0.63%
BAP	C	0.04%	0.04%	0.04%
BCH	A	0.02%	0.0%	0.0%
BCH	A	0.02%	0.03%	0.02%
BGNE	C	0.03%	0.01%	0.01%
BIDU	C	0.12%	0.2%	0.12%
BIDU	C	0.12%	0.0%	0.0%
BILI	C	0.01%	0.08%	0.01%
CHT	D	0.06%	0.02%	0.02%
CHT	D	0.06%	0.04%	0.04%
CSAN	F	0.01%	0.01%	0.01%
CSAN	F	0.01%	0.02%	0.01%
GGB	C	0.02%	0.01%	0.01%
GGB	C	0.02%	0.09%	0.02%
HDB	D	0.18%	0.24%	0.18%
HDB	D	0.18%	0.0%	0.0%
HTHT	B	0.03%	0.0%	0.0%
IBN	C	0.25%	0.16%	0.16%
IBN	C	0.25%	0.54%	0.25%
IQ	C	0.01%	0.05%	0.01%
KB	A	0.08%	0.4%	0.08%
KEP	D	0.01%	0.01%	0.01%
KEP	D	0.01%	0.01%	0.01%
LI	F	0.06%	0.0%	0.0%
LI	F	0.06%	0.02%	0.02%
LPL	D	0.01%	0.04%	0.01%
NIO	D	0.03%	0.04%	0.03%
PDD	B	0.3%	0.58%	0.3%
SBSW	D	0.01%	0.0%	0.0%
SBSW	D	0.01%	0.02%	0.01%
SHG	B	0.05%	0.04%	0.04%
SHG	B	0.05%	0.2%	0.05%
SKM	C	0.01%	0.02%	0.01%
SKM	C	0.01%	0.01%	0.01%
TCOM	A	0.11%	0.0%	0.0%
TCOM	A	0.11%	0.18%	0.11%
TME	B	0.05%	0.04%	0.04%
UMC	C	0.06%	0.18%	0.06%
UMC	C	0.06%	0.01%	0.01%
VALE	C	0.16%	0.36%	0.16%
VIPS	D	0.02%	0.09%	0.02%
WIT	D	0.02%	0.06%	0.02%
WIT	D	0.02%	0.01%	0.01%
XPEV	F	0.01%	0.03%	0.01%
YUMC	F	0.06%	0.19%	0.06%

DBAW Overweight 50 Positions Relative to DFEM

Symbol	Grade	Weight
TM	D	0.85%
NVS	B	0.77%
UL	A	0.49%
MUFG	C	0.42%
SONY	F	0.38%
TD	F	0.37%
ABBV	D	0.32%
DEO	D	0.29%
SMFG	C	0.28%
SHOP	F	0.26%
CNI	D	0.25%
HMC	D	0.19%
MFG	C	0.18%
STLA	D	0.18%
LYG	A	0.16%
BCS	A	0.15%
FLUT	C	0.14%
E	B	0.13%
GOLD	B	0.11%
SE	C	0.09%
AER	A	0.07%
NMR	D	0.06%
TEVA	A	0.06%
CHKP	D	0.05%
LOGI	D	0.05%
RBA	C	0.05%
CCEP	A	0.05%
XRX	D	0.04%
BEKE	B	0.04%
OTEX	F	0.03%
ZTO	C	0.03%
QGEN	B	0.03%
SCCO	A	0.03%
CYBR	D	0.03%
LEGN	F	0.02%
BZ	B	0.02%
TAL	B	0.02%
AGCO	D	0.02%
WIX	D	0.02%
MNDY	F	0.02%
GRAB	C	0.02%
QFIN	B	0.01%
ATHM	B	0.01%
DOOO	C	0.01%
GLBE	F	0.01%
BVN	B	0.01%
FUTU	C	0.01%
WFG	D	0.01%
YNDX	C	0.0%
KT	D	0.0%

DBAW Underweight 45 Positions Relative to DFEM

Symbol	Grade	Weight
INFY	F	-0.19%
GFI	B	-0.16%
CX	D	-0.14%
RDY	F	-0.12%
ERJ	C	-0.12%
ERJ	C	-0.12%
HMY	B	-0.08%
PAC	B	-0.08%
ASR	B	-0.06%
BRFS	B	-0.05%
OMAB	B	-0.04%
GDS	D	-0.04%
CAR	D	-0.04%
KOF	B	-0.03%
JKS	D	-0.03%
SQM	F	-0.03%
FMX	D	-0.03%
VIST	B	-0.02%
PBR	A	-0.02%
IMOS	F	-0.02%
PKX	F	-0.02%
CIB	B	-0.02%
TLK	F	-0.01%
SHPH	D	-0.01%
SLDB	D	-0.01%
PHI	B	-0.01%
AKO.A	B	-0.01%
BSAC	C	-0.01%
NTES	D	-0.01%
VIV	F	-0.01%
SGRP	C	-0.01%
SBS	D	-0.01%
BBD	F	-0.01%
GRIN	B	-0.01%
LGHT	A	-0.0%
IFS	D	-0.0%
IAC	B	-0.0%
BAOS	F	-0.0%
ENIC	B	-0.0%
BZUN	C	-0.0%
MGNX	F	-0.0%
CIG	C	-0.0%
CCU	B	-0.0%
EBR	F	-0.0%
ZLAB	C	-0.0%

DBAW: Top Represented Industries & Keywords

Industries: Internet Content & Information Auto Manufacturers Banks - Regional - Asia Software - Application Banks - Global Specialty Retail Telecom Services Banks - Regional - Latin America Biotechnology Capital Markets Consumer Electronics Drug Manufacturers - Major Gold Industrial Metals & Minerals Information Technology Services Airports & Air Services Banks - Regional - Europe Beverages - Brewers Beverages - Soft Drinks Beverages - Wineries & Distilleries