DBEF vs. CWI ETF Comparison

Comparison of db-X trackers MSCI EAFE Hedged Equity Fund (DBEF) to SPDR MSCI ACWI ex-US ETF (CWI)

DBEF

db-X trackers MSCI EAFE Hedged Equity Fund

DBEF Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EAFE US Dollar Hedged Index (the "underlying index"). The index is designed to provide exposure to equity securities in developed international stock markets, 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 invests at least 80% of its net assets in equity securities of issuers from Europe, Australia and the Far East and in instruments designed to hedge the fund's exposure to non-U.S. currencies. It is non-diversified.

Grade (RS Rating)

Last Trade

$41.44

Average Daily Volume

474,654

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$28.63

Average Daily Volume

156,410

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DBEF	CWI
30 Days	-1.12%	-3.80%
60 Days	0.19%	-3.51%
90 Days	-0.29%	-3.73%
12 Months	16.13%	13.36%

31 Overlapping Holdings

Symbol	Grade	Weight in DBEF	Weight in CWI	Overlap
ABBV	F	0.52%	0.45%	0.45%
AER	A	0.11%	0.03%	0.03%
AGCO	D	0.03%	0.04%	0.03%
BCS	A	0.28%	0.21%	0.21%
CHKP	C	0.09%	0.06%	0.06%
CYBR	A	0.07%	0.04%	0.04%
DEO	F	0.38%	0.27%	0.27%
E	F	0.2%	0.15%	0.15%
FUTU	D	0.03%	0.02%	0.02%
GLBE	B	0.02%	0.01%	0.01%
GRAB	A	0.06%	0.03%	0.03%
HMC	F	0.23%	0.16%	0.16%
HSBH	B	0.97%	0.66%	0.66%
LOGI	D	0.07%	0.03%	0.03%
LYG	D	0.26%	0.16%	0.16%
MBAVU	C	0.02%	0.01%	0.01%
MFG	A	0.34%	0.15%	0.15%
MNDY	C	0.06%	0.03%	0.03%
MUFG	B	0.76%	0.51%	0.51%
NMR	B	0.1%	0.07%	0.07%
NVS	F	1.18%	0.81%	0.81%
QGEN	D	0.05%	0.0%	0.0%
SE	A	0.22%	0.14%	0.14%
SMFG	B	0.52%	0.27%	0.27%
SONY	B	0.68%	0.47%	0.47%
STLA	F	0.16%	0.1%	0.1%
TEVA	C	0.11%	0.07%	0.07%
TM	F	1.05%	0.68%	0.68%
UL	D	0.83%	0.54%	0.54%
WIX	A	0.05%	0.04%	0.04%
XRX	F	0.1%	0.05%	0.05%

DBEF Overweight 1 Positions Relative to CWI

	Symbol	Grade	Weight
	CCEP	C	0.09%

DBEF Underweight 58 Positions Relative to CWI

Symbol	Grade	Weight
TSM	B	-3.02%
BABA	D	-0.6%
SHOP	B	-0.52%
TD	D	-0.44%
INFY	C	-0.33%
CNI	F	-0.32%
PDD	F	-0.28%
IBN	C	-0.27%
HDB	C	-0.25%
ITUB	F	-0.15%
TCOM	B	-0.13%
VALE	F	-0.13%
CHT	C	-0.11%
KB	B	-0.11%
BIDU	F	-0.1%
UMC	F	-0.1%
BABA	D	-0.09%
SHG	C	-0.09%
BAP	A	-0.08%
RDY	F	-0.08%
YUMC	C	-0.07%
BBD	D	-0.07%
ABEV	F	-0.06%
PKX	D	-0.06%
CIB	B	-0.05%
LI	F	-0.05%
BEKE	D	-0.05%
WIT	B	-0.04%
CIG	C	-0.04%
RBA	A	-0.04%
ENIC	B	-0.04%
BGNE	D	-0.04%
MT	B	-0.04%
GGB	C	-0.03%
HTHT	D	-0.03%
NIO	F	-0.03%
CSAN	F	-0.03%
SQM	D	-0.03%
VIPS	F	-0.03%
TME	D	-0.03%
OTEX	F	-0.03%
XPEV	C	-0.02%
LEGN	D	-0.02%
QFIN	A	-0.02%
XPEV	C	-0.02%
BRFS	C	-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	C	-0.01%
SBSW	D	-0.01%
BVN	D	-0.01%
BZ	F	-0.01%
SID	F	-0.01%
SCCO	F	-0.0%

DBEF: Top Represented Industries & Keywords

Industries: Auto Manufacturers Banks - Global Software - Application Capital Markets Drug Manufacturers - Major Airports & Air Services Banks - Regional - Asia Banks - Regional - Europe Beverages - Soft Drinks Beverages - Wineries & Distilleries Computer Systems Consumer Electronics Diagnostics & Research Drug Manufacturers - Specialty & Generic Electronic Gaming & Multimedia Farm & Construction Equipment Household & Personal Products Information Technology Services Internet Content & Information Internet Retail

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