DFAE vs. QEMM ETF Comparison

Comparison of Dimensional Emerging Core Equity Market ETF (DFAE) to SPDR MSCI Emerging Markets Quality Mix ETF (QEMM)

DFAE

Dimensional Emerging Core Equity Market ETF

DFAE Description

The investment objective of the Dimensional Emerging Core Equity Market ETF is to achieve long-term capital appreciation.

Grade (RS Rating)

Last Trade

$25.78

Average Daily Volume

685,667

Number of Holdings ^*

108

* 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

$59.55

Average Daily Volume

1,920

Number of Holdings ^*

59

* may have additional holdings in another (foreign) market

Performance

Period	DFAE	QEMM
30 Days	-4.40%	-3.65%
60 Days	-1.37%	-1.79%
90 Days	-2.53%	-1.91%
12 Months	12.07%	11.31%

80 Overlapping Holdings

	Symbol	Grade	Weight in DFAE	Weight in QEMM	Overlap
	ABEV	F	0.05%	0.28%	0.05%
	ABEV	F	0.0%	0.02%	0.0%
	ABEV	F	0.0%	0.28%	0.0%
	ABEV	F	0.05%	0.02%	0.02%
	ASAI	F	0.01%	0.02%	0.01%
	ASAI	F	0.06%	0.02%	0.02%
	BABA	D	0.17%	0.69%	0.17%
	BABA	D	1.7%	0.04%	0.04%
	BABA	D	0.17%	0.04%	0.04%
	BABA	D	1.7%	0.69%	0.69%
	BAP	A	0.09%	0.25%	0.09%
	BCH	C	0.01%	0.01%	0.01%
	BCH	C	0.03%	0.01%	0.01%
	BGNE	D	0.05%	0.01%	0.01%
	BGNE	D	0.01%	0.01%	0.01%
	BIDU	F	0.05%	0.09%	0.05%
	BIDU	F	0.26%	0.09%	0.09%
	BSAC	C	0.02%	0.01%	0.01%
	CHT	C	0.06%	0.49%	0.06%
	CHT	C	0.05%	0.49%	0.05%
	CIB	B	0.04%	0.01%	0.01%
	CIG	C	0.02%	0.01%	0.01%
	CSAN	F	0.0%	0.02%	0.0%
	CSAN	F	0.04%	0.02%	0.02%
	GGB	C	0.05%	0.05%	0.05%
	GGB	C	0.01%	0.05%	0.01%
	HDB	C	0.51%	0.25%	0.25%
	HDB	C	0.2%	0.25%	0.2%
	IBN	C	0.2%	0.14%	0.14%
	IBN	C	0.2%	0.15%	0.15%
	IBN	C	0.7%	0.14%	0.14%
	IBN	C	0.7%	0.15%	0.15%
	INFY	C	0.39%	1.07%	0.39%
	IQ	F	0.02%	0.0%	0.0%
	ITUB	F	0.02%	0.15%	0.02%
	KB	B	0.05%	0.21%	0.05%
	KB	B	0.26%	0.09%	0.09%
	KB	B	0.05%	0.09%	0.05%
	KB	B	0.26%	0.21%	0.21%
	KEP	B	0.04%	0.09%	0.04%
	KEP	B	0.04%	0.06%	0.04%
	KEP	B	0.01%	0.09%	0.01%
	KEP	B	0.01%	0.06%	0.01%
	LI	F	0.03%	0.02%	0.02%
	LI	F	0.13%	0.02%	0.02%
	LPL	D	0.0%	0.02%	0.0%
	LPL	D	0.04%	0.02%	0.02%
	LPL	D	0.04%	0.01%	0.01%
	LPL	D	0.0%	0.01%	0.0%
	NIO	F	0.08%	0.0%	0.0%
	PBR	D	0.03%	0.16%	0.03%
	PDD	F	0.74%	1.32%	0.74%
	PKX	D	0.03%	0.08%	0.03%
	RDY	F	0.11%	0.17%	0.11%
	SBS	B	0.01%	0.03%	0.01%
	SBSW	D	0.05%	0.04%	0.04%
	SHG	C	0.21%	0.22%	0.21%
	SHG	C	0.02%	0.22%	0.02%
	SHG	C	0.02%	0.03%	0.02%
	SHG	C	0.21%	0.03%	0.03%
	SKM	C	0.01%	0.18%	0.01%
	SKM	C	0.05%	0.18%	0.05%
	SQM	D	0.05%	0.01%	0.01%
	SUZ	B	0.01%	0.03%	0.01%
	TCOM	B	0.34%	0.06%	0.06%
	TCOM	B	0.07%	0.06%	0.06%
	TME	D	0.07%	0.02%	0.02%
	UGP	F	0.01%	0.02%	0.01%
	UMC	F	0.1%	0.1%	0.1%
	UMC	F	0.05%	0.1%	0.05%
	VALE	F	0.06%	0.03%	0.03%
	VALE	F	0.28%	0.03%	0.03%
	VALE	F	0.28%	1.15%	0.28%
	VALE	F	0.06%	1.15%	0.06%
	VIPS	F	0.09%	0.17%	0.09%
	VIV	F	0.02%	0.01%	0.01%
	WIT	B	0.09%	0.25%	0.09%
	WIT	B	0.01%	0.25%	0.01%
	XPEV	C	0.1%	0.01%	0.01%
	YUMC	C	0.24%	0.09%	0.09%

DFAE Overweight 44 Positions Relative to QEMM

	Symbol	Grade	Weight
	GFI	D	0.14%
	PAC	B	0.1%
	ERJ	A	0.07%
	CX	F	0.07%
	NTES	D	0.07%
	FMX	F	0.06%
	ASR	D	0.05%
	BILI	D	0.05%
	GDS	C	0.04%
	CAR	C	0.04%
	ERJ	A	0.04%
	HMY	D	0.04%
	KOF	F	0.03%
	BBD	D	0.02%
	SGRP	D	0.02%
	ASX	D	0.02%
	BRFS	C	0.02%
	ELP	F	0.01%
	OMAB	D	0.01%
	EBR	F	0.01%
	HTHT	D	0.01%
	IMOS	F	0.01%
	TLK	D	0.01%
	WF	C	0.01%
	JD	D	0.01%
	JKS	F	0.01%
	BAK	F	0.0%
	PDSB	F	0.0%
	LGHT	D	0.0%
	BSBR	F	0.0%
	IMOS	F	0.0%
	BRFS	C	0.0%
	IFS	A	0.0%
	MGNX	F	0.0%
	BAOS	F	0.0%
	PHI	D	0.0%
	BILI	D	0.0%
	BZUN	F	0.0%
	VNET	B	0.0%
	ZLAB	C	0.0%
	AKO.A	F	0.0%
	SLDB	F	0.0%
	ZTO	F	0.0%
	SHPH	F	0.0%

DFAE Underweight 8 Positions Relative to QEMM

	Symbol	Grade	Weight
	SCCO	F	-0.25%
	QFIN	A	-0.12%
	BVN	D	-0.1%
	LEGN	D	-0.05%
	SID	F	-0.02%
	BEKE	D	-0.02%
	ATHM	C	-0.01%
	ENIC	B	-0.0%

DFAE: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Banks - Regional - Asia Internet Content & Information Specialty Retail Telecom Services Biotechnology Airports & Air Services Auto Manufacturers Drug Manufacturers - Specialty & Generic Gold Information Technology Services Semiconductors Beverages - Brewers Chemicals Oil & Gas Refining & Marketing Steel Utilities - Diversified Utilities - Regulated Electric Advertising Agencies Aerospace & Defense

Keywords: Bank Banking Investment Banking Currency Financial Products Broadband Internet Access Advertising Services Commercial Banking Investment Banking Services Nasdaq 100 Natural Gas Securitization Telecommunications Cancer Cash Management Deposit Products Distribution Network Drink E-Commerce

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