DFAE vs. VWO ETF Comparison

Comparison of Dimensional Emerging Core Equity Market ETF (DFAE) to Vanguard FTSE Emerging Markets ETF (VWO)

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

$25.44

Average Daily Volume

738,146

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

VWO

Vanguard FTSE Emerging Markets ETF

VWO Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries. The fund employs an indexing investment approach by investing substantially all (approximately 95%) of its assets in the common stocks included in the FTSE Emerging Index, while employing a form of sampling to reduce risk. The FTSE Emerging Index includes approximately 851 common stocks of companies located in emerging markets around the world. As of May 31, 2013, the largest markets covered in the index were China, Brazil, Taiwan, and India.

Grade (RS Rating)

Last Trade

$43.31

Average Daily Volume

9,565,751

Number of Holdings ^*

88

* may have additional holdings in another (foreign) market

Performance

Period	DFAE	VWO
30 Days	1.60%	1.93%
60 Days	3.29%	3.54%
90 Days	7.07%	6.84%
12 Months	11.24%	11.34%

76 Overlapping Holdings

	Symbol	Grade	Weight in DFAE	Weight in VWO	Overlap
	ABEV	D	0.08%	0.14%	0.08%
	ABEV	D	0.01%	0.14%	0.01%
	AKO.A	B	0.0%	0.01%	0.0%
	ASAI	D	0.07%	0.12%	0.07%
	ASAI	D	0.07%	0.01%	0.01%
	ASAI	D	0.03%	0.12%	0.03%
	ASAI	D	0.03%	0.01%	0.01%
	BABA	B	0.1%	1.92%	0.1%
	BABA	B	1.58%	1.92%	1.58%
	BAOS	F	0.0%	0.0%	0.0%
	BBD	F	0.01%	0.02%	0.01%
	BCH	A	0.02%	0.06%	0.02%
	BCH	A	0.03%	0.06%	0.03%
	BGNE	C	0.05%	0.1%	0.05%
	BGNE	C	0.0%	0.1%	0.0%
	BIDU	C	0.33%	0.37%	0.33%
	BIDU	C	0.03%	0.37%	0.03%
	BILI	B	0.04%	0.03%	0.03%
	BRFS	B	0.02%	0.03%	0.02%
	BSAC	D	0.02%	0.01%	0.01%
	CAR	D	0.02%	0.02%	0.02%
	CHT	C	0.08%	0.14%	0.08%
	CHT	C	0.03%	0.14%	0.03%
	CHT	C	0.03%	0.05%	0.03%
	CHT	C	0.08%	0.05%	0.05%
	CIB	C	0.03%	0.04%	0.03%
	CIG	B	0.02%	0.01%	0.01%
	CSAN	F	0.0%	0.05%	0.0%
	CSAN	F	0.03%	0.05%	0.03%
	EBR	D	0.0%	0.0%	0.0%
	ERJ	B	0.06%	0.01%	0.01%
	ERJ	B	0.03%	0.01%	0.01%
	ERJ	B	0.03%	0.05%	0.03%
	ERJ	B	0.06%	0.05%	0.05%
	GDS	C	0.02%	0.01%	0.01%
	GGB	D	0.07%	0.06%	0.06%
	GGB	D	0.01%	0.0%	0.0%
	GGB	D	0.01%	0.06%	0.01%
	GGB	D	0.07%	0.0%	0.0%
	HDB	C	0.57%	1.21%	0.57%
	HTHT	B	0.01%	0.01%	0.01%
	IBN	B	0.64%	0.4%	0.4%
	IBN	B	0.2%	0.4%	0.2%
	IMOS	D	0.0%	0.01%	0.0%
	IMOS	D	0.01%	0.01%	0.01%
	IQ	B	0.01%	0.02%	0.01%
	ITUB	D	0.0%	0.08%	0.0%
	JKS	D	0.02%	0.01%	0.01%
	LI	F	0.04%	0.2%	0.04%
	LI	F	0.1%	0.2%	0.1%
	NIO	C	0.02%	0.07%	0.02%
	NIO	C	0.04%	0.07%	0.04%
	PDD	B	0.65%	0.88%	0.65%
	RDY	D	0.12%	0.03%	0.03%
	SBS	B	0.01%	0.02%	0.01%
	SBSW	C	0.03%	0.04%	0.03%
	SGRP	B	0.01%	0.01%	0.01%
	SQM	D	0.03%	0.01%	0.01%
	TCOM	B	0.29%	0.29%	0.29%
	TCOM	B	0.03%	0.29%	0.03%
	TME	B	0.06%	0.09%	0.06%
	UMC	D	0.02%	0.17%	0.02%
	UMC	D	0.2%	0.17%	0.17%
	UMC	D	0.2%	0.07%	0.07%
	UMC	D	0.02%	0.07%	0.02%
	VALE	C	0.03%	0.57%	0.03%
	VALE	C	0.4%	0.57%	0.4%
	VIPS	F	0.05%	0.07%	0.05%
	VNET	C	0.0%	0.0%	0.0%
	WB	C	0.0%	0.01%	0.0%
	WIT	D	0.1%	0.08%	0.08%
	WIT	D	0.1%	0.02%	0.02%
	WIT	D	0.0%	0.02%	0.0%
	WIT	D	0.0%	0.08%	0.0%
	XPEV	F	0.05%	0.06%	0.05%
	YUMC	F	0.25%	0.17%	0.17%

DFAE Overweight 38 Positions Relative to VWO

	Symbol	Grade	Weight
	KB	B	0.34%
	INFY	D	0.25%
	SHG	C	0.22%
	GFI	C	0.17%
	PAC	A	0.13%
	CX	D	0.1%
	BAP	C	0.08%
	FMX	D	0.08%
	ASR	B	0.07%
	SKM	D	0.06%
	KEP	D	0.05%
	HMY	B	0.04%
	KOF	B	0.04%
	NTES	D	0.04%
	LPL	D	0.04%
	PBR	A	0.03%
	OMAB	B	0.02%
	TLK	F	0.02%
	VIV	D	0.02%
	SHG	C	0.02%
	SHPH	D	0.01%
	KB	B	0.01%
	GRIN	B	0.01%
	PKX	F	0.01%
	JD	B	0.01%
	CPAC	D	0.0%
	DRD	F	0.0%
	LPL	D	0.0%
	LGHT	B	0.0%
	IFS	D	0.0%
	WTO	C	0.0%
	SUZ	F	0.0%
	PHI	B	0.0%
	MGNX	D	0.0%
	SKM	D	0.0%
	KEP	D	0.0%
	UGP	D	0.0%
	SLDB	D	0.0%

DFAE Underweight 36 Positions Relative to VWO

	Symbol	Grade	Weight
	TSM	C	-0.45%
	BEKE	B	-0.11%
	BZ	B	-0.07%
	TAL	B	-0.06%
	YMM	B	-0.06%
	QFIN	A	-0.03%
	ELP	F	-0.02%
	BSBR	B	-0.02%
	ATHM	B	-0.02%
	DQ	F	-0.02%
	HOLI	D	-0.02%
	RLX	B	-0.02%
	SID	F	-0.01%
	AZUL	F	-0.01%
	FINV	B	-0.01%
	EH	B	-0.01%
	EC	B	-0.01%
	YY	C	-0.01%
	MOMO	C	-0.01%
	ATAT	C	-0.01%
	GOTU	C	-0.01%
	CSIQ	F	-0.01%
	ENIC	D	-0.0%
	JEWL	F	-0.0%
	MNSO	B	-0.0%
	DAO	F	-0.0%
	HUYA	B	-0.0%
	ATHM	B	-0.0%
	DDL	C	-0.0%
	DADA	F	-0.0%
	CAN	F	-0.0%
	UBSI	D	-0.0%
	BAK	F	-0.0%
	SOHU	B	-0.0%
	ZH	F	-0.0%
	TUYA	C	-0.0%

DFAE: Top Represented Industries & Keywords

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

Keywords: Bank Banking Investment Banking Currency Financial Products Advertising Services Broadband Internet Access Investment Banking Services Nasdaq 100 Natural Gas Telecommunications Cash Management Commercial Banking Drink Factoring Games Information And Communications Technology Investment Product Online Advertising

VWO: Top Represented Industries & Keywords

Industries: Internet Content & Information Banks - Regional - Latin America Specialty Retail Auto Manufacturers Semiconductors Aerospace & Defense Banks - Regional - Asia Chemicals Credit Services Education & Training Services Grocery Stores Information Technology Services Internet Content & Information Lodging Solar Steel Utilities - Diversified Utilities - Regulated Electric Advertising Agencies Airlines

Keywords: Bank Banking Games Investment Banking Currency Financial Products Online Game Transport Advertising Services Cash Management Computing Deposit Products Distribution Network Electricity Factoring Internet Search Engines Investment Product Cloud Computing Commercial Banking Concurrent Computing