DFAT vs. AVEM ETF Comparison

Comparison of Dimensional U.S. Targeted Value ETF (DFAT) to Avantis Emerging Markets Equity ETF (AVEM)

DFAT

Dimensional U.S. Targeted Value ETF

DFAT Description

The investment seeks to achieve long-term capital appreciation while minimizing federal income taxes on returns. As a non-fundamental policy, under normal circumstances, the fund will invest at least 80% of its net assets in securities of U.S. companies. The fund may purchase or sell futures contracts and options on futures contracts for U.S. equity securities and indices, to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Portfolio.

Grade (RS Rating)

Last Trade

$54.16

Average Daily Volume

228,527

Number of Holdings ^*

1403

* may have additional holdings in another (foreign) market

AVEM

Avantis Emerging Markets Equity ETF

AVEM Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry groups and countries. The fund may invest in companies of all market capitalizations. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of companies related to emerging market countries.

Grade (RS Rating)

Last Trade

$62.37

Average Daily Volume

307,862

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	DFAT	AVEM
30 Days	6.57%	10.29%
60 Days	1.12%	7.24%
90 Days	6.23%	9.81%
12 Months	27.59%	22.27%

1 Overlapping Holdings

	Symbol	Grade	Weight in DFAT	Weight in AVEM	Overlap
	PWFL	B	0.0%	0.0%	0.0%

DFAT Overweight 1402 Positions Relative to AVEM

Symbol	Grade	Weight
DINO	D	0.61%
SNX	A	0.58%
ARW	B	0.58%
TOL	B	0.57%
AR	C	0.56%
ALLY	B	0.53%
UNM	B	0.53%
TMHC	B	0.51%
IP	B	0.49%
PAG	B	0.49%
CHK	C	0.49%
AGCO	D	0.48%
CMC	B	0.48%
BWA	B	0.48%
KNX	D	0.48%
X	D	0.47%
CLF	D	0.47%
WCC	B	0.47%
PBF	F	0.46%
BPOP	A	0.45%
JLL	B	0.44%
MHK	C	0.43%
ORI	A	0.43%
PVH	D	0.43%
JXN	B	0.43%
MUR	D	0.42%
POST	A	0.4%
AGO	D	0.4%
SWN	C	0.4%
AA	B	0.39%
LAD	D	0.39%
AXS	A	0.39%
IVZ	C	0.38%
CHRD	B	0.38%
AVT	A	0.38%
OZK	B	0.38%
FHN	A	0.37%
STNG	B	0.37%
MOS	F	0.37%
AEO	B	0.37%
BCC	D	0.36%
ZION	B	0.35%
MTDR	D	0.35%
GPI	B	0.35%
M	D	0.34%
MTG	B	0.34%
MLI	A	0.34%
WTFC	B	0.34%
AMKR	B	0.34%
AL	C	0.34%
WBS	D	0.34%
ELAN	C	0.33%
PB	B	0.33%
SKYW	B	0.33%
SSB	C	0.33%
PNFP	C	0.32%
CRS	B	0.32%
RRX	D	0.32%
OLN	D	0.32%
JEF	A	0.32%
ALK	B	0.31%
WTM	B	0.31%
DTM	A	0.31%
HUN	D	0.31%
NXST	B	0.31%
INGR	A	0.31%
SM	C	0.31%
SNV	A	0.31%
URBN	C	0.31%
THO	D	0.31%
TPH	A	0.3%
ACA	A	0.3%
FNB	A	0.3%
SANM	B	0.3%
ONB	A	0.3%
MATX	B	0.3%
IBOC	A	0.3%
CMA	B	0.3%
CNX	C	0.29%
SIG	D	0.29%
WIRE	C	0.29%
GPS	D	0.29%
JHG	A	0.29%
NOV	D	0.28%
ESNT	C	0.28%
AN	B	0.28%
CADE	B	0.28%
GT	D	0.28%
ASH	A	0.28%
OC	A	0.28%
FAF	D	0.28%
UFPI	B	0.27%
AX	A	0.27%
BOKF	A	0.27%
RIG	F	0.27%
PFSI	A	0.27%
AMR	F	0.27%
BECN	C	0.27%
ABG	C	0.26%
INSW	B	0.26%
CNO	A	0.26%
ASB	A	0.26%
KEX	A	0.26%
UBSI	C	0.26%
LBRT	B	0.26%
ITGR	D	0.26%
ABCB	B	0.25%
R	A	0.25%
FBP	A	0.25%
UHAL	B	0.25%
GTES	D	0.24%
RUSHA	D	0.24%
HWC	B	0.24%
BTU	F	0.24%
PRGO	D	0.24%
CEIX	C	0.23%
GVA	A	0.23%
TRN	A	0.23%
LEA	D	0.23%
ABM	B	0.23%
TCBI	B	0.23%
GHC	A	0.23%
WRK	A	0.23%
DAR	D	0.22%
VLY	D	0.22%
CCS	D	0.22%
FYBR	B	0.22%
VSH	C	0.22%
CACI	A	0.22%
AROC	B	0.22%
IOSP	B	0.22%
COHR	D	0.22%
GNW	B	0.22%
HOG	D	0.22%
GMS	B	0.22%
OMF	B	0.22%
HP	F	0.22%
LRN	B	0.22%
ESGR	A	0.22%
FULT	A	0.22%
MTX	A	0.21%
UHS	C	0.21%
PLXS	B	0.21%
ASO	F	0.21%
KFY	C	0.21%
AUB	C	0.21%
HUBG	B	0.21%
NNI	A	0.21%
ATGE	A	0.21%
OVV	D	0.21%
WAL	B	0.2%
HL	B	0.2%
AIR	B	0.2%
WSFS	B	0.2%
CVCO	C	0.2%
TROX	B	0.2%
ENOV	F	0.19%
SF	A	0.19%
FUL	C	0.19%
TEX	C	0.19%
ACIW	A	0.19%
PBH	D	0.19%
KSS	F	0.19%
CRC	F	0.19%
ARCH	D	0.19%
DXC	F	0.19%
HOMB	B	0.19%
RDN	C	0.19%
VOYA	B	0.19%
VAC	C	0.19%
KMPR	B	0.19%
CALM	D	0.18%
REZI	C	0.18%
BERY	C	0.18%
CATY	C	0.18%
AZTA	F	0.18%
ST	B	0.18%
SPB	B	0.18%
NPO	D	0.18%
ALG	D	0.18%
BC	D	0.17%
NMIH	A	0.17%
TNK	B	0.17%
MTH	A	0.17%
PATK	C	0.17%
EPC	B	0.17%
MAN	B	0.17%
OSK	C	0.17%
TGNA	B	0.17%
WOR	D	0.17%
KLIC	D	0.17%
PRIM	B	0.17%
WAFD	B	0.16%
PDCO	F	0.16%
BHF	F	0.16%
WGO	D	0.16%
AGIO	C	0.16%
NAVI	F	0.16%
TDS	B	0.16%
SEB	D	0.16%
DHT	B	0.16%
ARCB	D	0.16%
BRBR	C	0.16%
SFL	A	0.16%
UNF	D	0.16%
BIO	F	0.16%
MCY	A	0.16%
COOP	A	0.16%
DIOD	D	0.16%
UCBI	B	0.16%
FTI	B	0.15%
ENVA	B	0.15%
STRA	B	0.15%
ACHC	D	0.15%
ALV	A	0.15%
DNB	B	0.15%
AVNT	B	0.15%
USFD	B	0.15%
FHB	B	0.15%
MODG	C	0.15%
FFBC	B	0.15%
TTMI	A	0.15%
LPG	B	0.15%
STC	B	0.14%
UCTT	C	0.14%
COTY	F	0.14%
HLX	B	0.14%
XRX	D	0.14%
FIBK	B	0.14%
DK	D	0.14%
HELE	D	0.14%
SNEX	B	0.14%
CENTA	A	0.14%
NVST	F	0.14%
LCII	D	0.14%
MTRN	D	0.14%
PRDO	B	0.14%
TRMK	A	0.14%
WMK	B	0.14%
PSMT	A	0.14%
ESI	D	0.14%
DDS	C	0.14%
ESE	C	0.14%
THS	F	0.14%
ADNT	F	0.14%
ANDE	D	0.14%
BRC	B	0.13%
SMPL	B	0.13%
DNOW	D	0.13%
LZB	C	0.13%
FLEX	C	0.13%
UMBF	C	0.13%
ALIT	F	0.13%
LGIH	D	0.13%
MDU	A	0.13%
KBH	B	0.13%
KN	B	0.13%
OFG	B	0.13%
RRC	C	0.13%
FRME	B	0.13%
CNXN	C	0.13%
ROCK	D	0.13%
PLUS	B	0.13%
RNST	B	0.13%
CWK	B	0.13%
KMT	B	0.13%
GBX	B	0.13%
KAR	B	0.13%
VSTO	B	0.13%
WERN	D	0.13%
PPBI	B	0.12%
FL	F	0.12%
NBTB	B	0.12%
OI	F	0.12%
SFNC	D	0.12%
USM	B	0.12%
GATX	C	0.12%
MHO	C	0.12%
GL	F	0.12%
NWBI	C	0.12%
TWLO	D	0.12%
HMN	C	0.12%
VCYT	D	0.12%
DAN	C	0.12%
PINC	F	0.12%
TOWN	B	0.12%
MOG.A	A	0.12%
AMWD	D	0.12%
WD	B	0.12%
RGA	A	0.12%
WSBC	C	0.12%
ICFI	B	0.12%
B	B	0.12%
ENS	B	0.12%
ITRI	B	0.12%
CRK	B	0.12%
CLVT	F	0.11%
CASH	B	0.11%
OMI	F	0.11%
SCL	C	0.11%
NTCT	F	0.11%
FCF	B	0.11%
HTLF	A	0.11%
CAL	C	0.11%
VECO	B	0.11%
BHE	A	0.11%
JBLU	D	0.11%
UVV	B	0.11%
CVBF	C	0.11%
SNDR	D	0.11%
BKU	B	0.11%
CPA	C	0.11%
GIII	D	0.11%
MRTN	D	0.11%
CDE	B	0.11%
SEM	A	0.11%
ASGN	C	0.11%
BDC	B	0.11%
CNXC	F	0.11%
INDB	C	0.11%
APOG	A	0.1%
CUBI	D	0.1%
MLKN	D	0.1%
LAUR	B	0.1%
NWL	C	0.1%
VRTS	D	0.1%
SON	B	0.1%
OSIS	C	0.1%
PLAB	B	0.1%
TKR	B	0.1%
PPC	A	0.1%
BANR	B	0.1%
TDOC	F	0.1%
GES	C	0.1%
APA	F	0.1%
BANC	B	0.1%
COHU	F	0.09%
WS	F	0.09%
SCSC	A	0.09%
EIG	D	0.09%
HCC	C	0.09%
GEF	D	0.09%
EFSC	B	0.09%
SUPN	F	0.09%
CTS	A	0.09%
DORM	C	0.09%
ECPG	C	0.09%
CMRE	B	0.09%
FDP	F	0.09%
CBU	B	0.09%
SBCF	B	0.09%
GO	F	0.09%
CIVI	B	0.09%
LILAK	B	0.09%
AGM	D	0.09%
IBTX	C	0.09%
TALO	F	0.09%
SAH	B	0.09%
MSGE	C	0.08%
ZD	D	0.08%
SAFT	B	0.08%
AMED	A	0.08%
XPRO	B	0.08%
RES	F	0.08%
SCVL	B	0.08%
PUMP	B	0.08%
SWI	C	0.08%
DOOR	A	0.08%
FOR	D	0.08%
UA	D	0.08%
HTH	B	0.08%
BUSE	B	0.08%
HI	F	0.08%
REX	B	0.08%
PHIN	A	0.08%
ADUS	A	0.08%
INVA	B	0.08%
KW	C	0.08%
LBRDK	F	0.08%
MTZ	B	0.08%
GPOR	D	0.08%
OXM	B	0.08%
SRCE	B	0.08%
ODP	F	0.08%
FBK	B	0.08%
NWLI	A	0.08%
CPRI	F	0.08%
NHC	B	0.08%
SLCA	B	0.08%
BOOT	C	0.08%
UAA	F	0.08%
IMKTA	F	0.08%
RIOT	F	0.08%
SCHL	F	0.08%
IPG	D	0.08%
SPNT	C	0.08%
KWR	D	0.08%
MGY	B	0.07%
PLYA	D	0.07%
STBA	B	0.07%
PCRX	D	0.07%
ROG	C	0.07%
MWA	A	0.07%
BHLB	B	0.07%
AIN	D	0.07%
SXC	D	0.07%
MMI	D	0.07%
MGRC	D	0.07%
PFS	B	0.07%
FBNC	D	0.07%
THR	A	0.07%
HIBB	A	0.07%
HOPE	C	0.07%
MGNI	F	0.07%
SCS	B	0.07%
QCRH	B	0.07%
CMCO	A	0.07%
MRCY	D	0.07%
WTTR	B	0.07%
NMRK	D	0.07%
NBHC	B	0.07%
KALU	A	0.07%
SXI	C	0.07%
BXC	D	0.07%
AXL	B	0.07%
ICHR	D	0.07%
GNK	B	0.07%
HRI	D	0.07%
HAYW	C	0.07%
OPEN	F	0.07%
ESAB	B	0.07%
NOG	C	0.07%
KD	A	0.07%
PFBC	A	0.06%
HURN	F	0.06%
ALGT	F	0.06%
LBAI	B	0.06%
JAZZ	F	0.06%
NAT	B	0.06%
SMP	C	0.06%
CTBI	B	0.06%
CLW	B	0.06%
JNPR	D	0.06%
PRAA	B	0.06%
ADTN	D	0.06%
SLGN	B	0.06%
VBTX	B	0.06%
LITE	F	0.06%
PEBO	B	0.06%
AMBC	A	0.06%
TRS	B	0.06%
PFGC	D	0.06%
SXT	A	0.06%
NX	D	0.06%
CERT	D	0.06%
RAMP	F	0.06%
MRC	A	0.06%
VRNT	C	0.06%
TCBK	B	0.06%
SWBI	C	0.06%
G	D	0.06%
ECVT	D	0.06%
DGII	F	0.06%
SKX	A	0.06%
PRG	B	0.06%
BMBL	D	0.06%
LTH	D	0.06%
KTOS	B	0.06%
ASC	A	0.06%
WNC	D	0.06%
EBC	B	0.06%
BKD	C	0.06%
STRL	A	0.06%
NVEE	D	0.06%
AOSL	B	0.05%
CARS	C	0.05%
CNDT	B	0.05%
SGRY	F	0.05%
HAYN	D	0.05%
SLVM	C	0.05%
BELFB	B	0.05%
HFWA	B	0.05%
CABO	F	0.05%
GSBC	B	0.05%
KOP	F	0.05%
FN	B	0.05%
MATW	D	0.05%
TK	B	0.05%
MIR	D	0.05%
ASTE	F	0.05%
VTOL	A	0.05%
IART	F	0.05%
MBIN	B	0.05%
RUSHB	D	0.05%
SPTN	D	0.05%
NIC	C	0.05%
GXO	C	0.05%
DXPE	B	0.05%
RYI	F	0.05%
AGX	A	0.05%
EWBC	B	0.05%
OCFC	B	0.05%
VREX	F	0.05%
DCO	B	0.05%
MATV	C	0.05%
ATSG	C	0.05%
AMRK	C	0.05%
VFC	F	0.05%
HTLD	D	0.05%
SATS	C	0.05%
SHOO	C	0.05%
AVNS	C	0.05%
LC	B	0.05%
NTB	A	0.05%
ETD	D	0.05%
ORA	B	0.05%
RPAY	C	0.05%
EYE	F	0.05%
AIZ	D	0.05%
LGND	B	0.05%
LIVN	B	0.05%
BJRI	D	0.05%
HWKN	B	0.05%
ONTO	B	0.04%
PLPC	C	0.04%
CCRN	F	0.04%
UFCS	B	0.04%
GABC	D	0.04%
MBWM	B	0.04%
XRAY	F	0.04%
MBUU	F	0.04%
RDUS	F	0.04%
TMP	D	0.04%
NAPA	F	0.04%
NWS	D	0.04%
DVAX	F	0.04%
GRC	D	0.04%
EQBK	A	0.04%
BY	B	0.04%
MD	F	0.04%
MNRO	F	0.04%
BZH	D	0.04%
CECO	B	0.04%
FA	C	0.04%
VCTR	C	0.04%
TITN	F	0.04%
NATL	B	0.04%
ASIX	F	0.04%
UVE	B	0.04%
OEC	B	0.04%
TPC	A	0.04%
LOB	D	0.04%
THRY	C	0.04%
MERC	C	0.04%
MSBI	D	0.04%
HOV	B	0.04%
IIIN	D	0.04%
ETWO	C	0.04%
UVSP	A	0.04%
GTN	C	0.04%
SBLK	B	0.04%
OLLI	B	0.04%
CDNA	B	0.04%
GPRE	F	0.04%
BRY	C	0.04%
SONO	D	0.04%
SASR	B	0.04%
CFFN	D	0.04%
FLGT	D	0.04%
RUN	F	0.04%
AMAL	B	0.04%
TRST	B	0.04%
KOS	C	0.04%
HSII	C	0.04%
AZZ	C	0.04%
REVG	A	0.04%
DRQ	F	0.04%
VSEC	C	0.04%
HLIO	B	0.04%
ZEUS	F	0.04%
PRA	C	0.04%
PFC	B	0.04%
GRBK	B	0.04%
KRO	A	0.04%
DCOM	C	0.04%
MLR	B	0.04%
CNOB	B	0.04%
NR	C	0.04%
PRK	A	0.04%
LGF.A	C	0.04%
HSTM	B	0.04%
SBOW	D	0.04%
BRKL	D	0.04%
EZPW	D	0.04%
HNI	A	0.04%
PRLB	D	0.04%
KELYA	D	0.04%
OSUR	F	0.03%
FSLY	F	0.03%
MYE	F	0.03%
THRM	F	0.03%
CHGG	F	0.03%
WASH	B	0.03%
MAT	D	0.03%
POWL	B	0.03%
SRI	F	0.03%
TRC	C	0.03%
USNA	D	0.03%
MTW	F	0.03%
NWPX	A	0.03%
CSTL	B	0.03%
CHCO	B	0.03%
MCBC	A	0.03%
ARMK	B	0.03%
GPK	C	0.03%
HAIN	F	0.03%
NFBK	D	0.03%
WRLD	C	0.03%
PUBM	C	0.03%
EGBN	F	0.03%
OSBC	B	0.03%
LOCO	B	0.03%
PGC	D	0.03%
WHR	F	0.03%
RBCAA	B	0.03%
CRUS	A	0.03%
DNUT	D	0.03%
CLSK	D	0.03%
GDOT	C	0.03%
HAFC	B	0.03%
HY	B	0.03%
CHUY	F	0.03%
PTEN	D	0.03%
HTBK	C	0.03%
ACCO	D	0.03%
VPG	F	0.03%
CGEM	C	0.03%
HBNC	B	0.03%
JELD	F	0.03%
EMN	A	0.03%
FLWS	D	0.03%
QNST	C	0.03%
AMK	D	0.03%
BV	B	0.03%
OBK	B	0.03%
SBSI	D	0.03%
CRMT	F	0.03%
EDIT	F	0.03%
HCSG	D	0.03%
PETQ	B	0.03%
NPK	B	0.03%
MGPI	D	0.03%
CCBG	C	0.03%
EBF	C	0.03%
TIPT	C	0.03%
NYCB	D	0.03%
HVT	F	0.03%
HONE	B	0.03%
CHEF	A	0.03%
HTZ	F	0.03%
NJR	B	0.03%
FBMS	C	0.03%
IBCP	B	0.03%
OLO	F	0.03%
RNR	D	0.03%
SHEN	D	0.03%
NEO	B	0.03%
CPF	B	0.03%
SJM	D	0.03%
DAKT	B	0.03%
CENT	B	0.03%
NVRI	D	0.03%
DLX	A	0.03%
VSAT	D	0.03%
NSIT	A	0.03%
ARCT	F	0.03%
NUS	D	0.03%
BAND	B	0.03%
MOV	D	0.03%
HZO	F	0.03%
GLDD	C	0.03%
CLNE	D	0.03%
AHCO	D	0.03%
FCBC	B	0.03%
MYGN	A	0.03%
TILE	B	0.03%
KE	C	0.03%
ACT	A	0.03%
RM	B	0.02%
CBZ	C	0.02%
PACK	C	0.02%
SSYS	F	0.02%
ANIP	C	0.02%
CLBK	D	0.02%
AVD	F	0.02%
WSBF	B	0.02%
DV	F	0.02%
FFNW	C	0.02%
WTBA	B	0.02%
FARO	D	0.02%
FSTR	A	0.02%
SMBC	D	0.02%
NRIM	B	0.02%
TFSL	B	0.02%
WABC	B	0.02%
SHBI	C	0.02%
HRTG	D	0.02%
FORM	A	0.02%
SBH	F	0.02%
CTRN	D	0.02%
BGS	F	0.02%
BH	B	0.02%
RGNX	F	0.02%
SMHI	C	0.02%
KEY	B	0.02%
GEF	D	0.02%
ZIMV	C	0.02%
RYAM	C	0.02%
LILA	B	0.02%
MOFG	D	0.02%
NBN	B	0.02%
NEOG	F	0.02%
FISI	C	0.02%
SGC	B	0.02%
CMP	F	0.02%
SENEA	A	0.02%
RICK	F	0.02%
OIS	F	0.02%
GNE	F	0.02%
AVO	B	0.02%
IPI	B	0.02%
FF	B	0.02%
MTRX	D	0.02%
CATC	B	0.02%
PAHC	A	0.02%
PTSI	C	0.02%
BSRR	B	0.02%
VRA	B	0.02%
DBI	D	0.02%
DSGR	B	0.02%
BHB	B	0.02%
TBI	F	0.02%
DGICA	F	0.02%
MEI	F	0.02%
SD	D	0.02%
OSW	A	0.02%
TAP	D	0.02%
AMCX	C	0.02%
VMI	B	0.02%
CZR	F	0.02%
NGVC	B	0.02%
LE	A	0.02%
SNCY	F	0.02%
LYTS	B	0.02%
VLGEA	A	0.02%
ITOS	B	0.02%
GBCI	C	0.02%
HGV	D	0.02%
BOC	F	0.02%
OMCL	C	0.02%
PTVE	C	0.02%
UTZ	C	0.02%
CNA	B	0.02%
MCB	B	0.02%
GMED	A	0.02%
FFIC	D	0.02%
ZUMZ	B	0.02%
ANIK	C	0.02%
SAVE	F	0.02%
CFB	C	0.02%
UNFI	F	0.02%
DY	A	0.02%
TRIP	F	0.02%
NTGR	F	0.02%
HCAT	F	0.02%
ATLC	D	0.02%
JOUT	F	0.02%
AMN	F	0.02%
GCO	D	0.02%
LOVE	B	0.02%
CVGW	B	0.02%
VIAV	F	0.02%
NGS	B	0.02%
NBR	F	0.02%
AMTB	B	0.02%
FMBH	B	0.02%
MITK	B	0.02%
CALX	F	0.02%
RBBN	C	0.02%
ASPN	A	0.02%
LEG	F	0.02%
EVH	F	0.02%
UTI	C	0.02%
FRPH	C	0.02%
KRNY	F	0.02%
USLM	B	0.02%
GLRE	A	0.02%
WLFC	A	0.02%
LGF.A	C	0.02%
IAS	F	0.02%
RGP	F	0.02%
ATNI	F	0.02%
PARR	F	0.02%
HDSN	F	0.02%
CAC	B	0.02%
MXL	F	0.02%
ULH	B	0.02%
OSG	B	0.02%
MP	C	0.02%
MCS	F	0.02%
ODC	A	0.02%
VC	C	0.02%
THFF	B	0.02%
RNA	B	0.01%
WOOF	F	0.01%
MPAA	F	0.01%
MACK	B	0.01%
UBFO	F	0.01%
CTOS	F	0.01%
VERV	F	0.01%
GEOS	F	0.01%
ESCA	D	0.01%
ASUR	F	0.01%
UHAL	B	0.01%
OPBK	C	0.01%
PFIS	D	0.01%
BLDE	B	0.01%
RVSB	F	0.01%
OPRT	C	0.01%
PCB	D	0.01%
SPOK	F	0.01%
TR	D	0.01%
CATO	F	0.01%
BELFA	B	0.01%
AXTI	D	0.01%
ASLE	C	0.01%
CBAN	B	0.01%
VYGR	D	0.01%
FONR	D	0.01%
FUNC	C	0.01%
PWSC	D	0.01%
WOW	C	0.01%
TPB	A	0.01%
AOUT	D	0.01%
ELMD	C	0.01%
NATR	F	0.01%
DXLG	F	0.01%
CYRX	F	0.01%
CPS	F	0.01%
GIFI	C	0.01%
SHYF	C	0.01%
TTSH	C	0.01%
DJCO	B	0.01%
SPWH	F	0.01%
BWFG	D	0.01%
PHX	C	0.01%
ALOT	B	0.01%
JAKK	F	0.01%
TBRG	D	0.01%
UFI	C	0.01%
WNEB	D	0.01%
MG	C	0.01%
AE	C	0.01%
CRI	F	0.01%
CVLY	B	0.01%
FRD	C	0.01%
HURC	F	0.01%
SGA	C	0.01%
UEIC	B	0.01%
KIDS	C	0.01%
CCB	B	0.01%
BFIN	C	0.01%
MCRI	D	0.01%
STRS	C	0.01%
FLIC	D	0.01%
ALTO	F	0.01%
OPY	A	0.01%
VMEO	F	0.01%
RNGR	F	0.01%
EPM	F	0.01%
BANF	B	0.01%
HBB	D	0.01%
BCML	B	0.01%
INTT	F	0.01%
LXFR	B	0.01%
CVGI	F	0.01%
YELP	D	0.01%
TWIN	D	0.01%
WLDN	B	0.01%
FNKO	C	0.01%
PRFT	B	0.01%
ORGO	C	0.01%
EGY	C	0.01%
BOH	D	0.01%
PARA	C	0.01%
FATE	D	0.01%
IMMR	B	0.01%
CFFI	F	0.01%
ALLO	F	0.01%
CRAI	A	0.01%
BMRC	D	0.01%
LASR	B	0.01%
CLAR	B	0.01%
BLFY	B	0.01%
HIFS	B	0.01%
FRBA	D	0.01%
USAP	B	0.01%
TLYS	F	0.01%
PENN	F	0.01%
KODK	D	0.01%
LAKE	B	0.01%
QUAD	D	0.01%
NTIC	B	0.01%
VNDA	B	0.01%
LEGH	C	0.01%
FET	F	0.01%
CENX	B	0.01%
HBIO	F	0.01%
RMAX	D	0.01%
KNF	B	0.01%
LSEA	F	0.01%
ACNB	F	0.01%
RELL	D	0.01%
PKE	D	0.01%
IPGP	D	0.01%
RLAY	F	0.01%
EVC	D	0.01%
CVEO	D	0.01%
CRSR	F	0.01%
PKBK	C	0.01%
VOXX	F	0.01%
BSET	D	0.01%
MPB	B	0.01%
CCCC	D	0.01%
CDLX	D	0.01%
EBTC	C	0.01%
TBBK	D	0.01%
LBRDA	F	0.01%
JRVR	F	0.01%
HTBI	B	0.01%
BCBP	C	0.01%
SYNA	F	0.01%
LINC	B	0.01%
MEC	A	0.01%
SPFI	B	0.01%
GRWG	C	0.01%
FSBW	C	0.01%
AMRC	C	0.01%
PKOH	B	0.01%
ULBI	C	0.01%
FULC	D	0.01%
ANGO	C	0.01%
SAGE	F	0.01%
SFST	D	0.01%
CRNC	F	0.01%
MX	F	0.01%
MCFT	F	0.01%
AVNW	F	0.01%
EML	C	0.01%
UTMD	F	0.01%
APEI	B	0.01%
GDYN	F	0.01%
SGH	F	0.01%
MLAB	B	0.01%
GPRO	F	0.01%
HBCP	B	0.01%
IMAX	C	0.01%
SYBT	B	0.01%
BWB	B	0.01%
OCN	C	0.01%
GSM	B	0.01%
CPSS	D	0.01%
LXU	C	0.01%
NC	C	0.01%
BFST	D	0.01%
FFWM	F	0.01%
ADV	C	0.01%
ALCO	D	0.01%
HII	D	0.01%
VIR	F	0.01%
CIVB	D	0.01%
ORRF	B	0.01%
DBRG	F	0.01%
ATRO	B	0.01%
BBW	C	0.01%
AAP	D	0.01%
SFIX	F	0.01%
LCUT	C	0.01%
ANET	B	0.01%
EHTH	F	0.01%
ICUI	C	0.01%
CNSL	C	0.01%
SMBK	B	0.01%
HNRG	D	0.01%
CRGY	C	0.01%
TSBK	D	0.01%
CARE	C	0.01%
FMNB	C	0.01%
RVLV	B	0.01%
GNTY	B	0.01%
CZNC	C	0.01%
FNF	B	0.01%
JJSF	B	0.01%
BKE	B	0.01%
JBT	D	0.01%
CEVA	F	0.01%
RLGT	F	0.01%
AMPS	F	0.01%
AAN	D	0.01%
RBB	B	0.01%
AMPY	D	0.01%
TG	B	0.01%
GENC	A	0.01%
BHRB	F	0.01%
ONEW	F	0.01%
NGVT	B	0.01%
HOFT	D	0.01%
UNTY	B	0.01%
FRST	D	0.01%
AROW	C	0.01%
FWRG	D	0.01%
GCI	B	0.01%
QTRX	F	0.01%
CRBU	F	0.01%
ACTG	B	0.01%
PYCR	F	0.01%
INBK	D	0.01%
ACCD	F	0.01%
GDRX	C	0.01%
BOOM	F	0.01%
RCKY	B	0.01%
ITIC	B	0.01%
FNLC	C	0.01%
DH	F	0.01%
TRUE	F	0.01%
PANL	B	0.01%
FLXS	D	0.01%
SSP	F	0.01%
PLOW	C	0.01%
TCMD	F	0.01%
ONTF	F	0.01%
WEYS	F	0.01%
SOI	B	0.01%
FBIZ	B	0.01%
ORN	C	0.01%
AMG	D	0.01%
GATO	B	0.01%
TWI	F	0.01%
CCNE	C	0.01%
CSV	B	0.01%
SLNG	D	0.0%
FGBI	C	0.0%
CHCI	B	0.0%
PNBK	F	0.0%
RBKB	D	0.0%
AWX	D	0.0%
OPHC	B	0.0%
HFBL	F	0.0%
FKWL	C	0.0%
CVV	F	0.0%
IROQ	D	0.0%
MFIN	D	0.0%
ELSE	D	0.0%
OPOF	F	0.0%
LUMO	D	0.0%
WMPN	D	0.0%
FUSB	A	0.0%
CKX	A	0.0%
CMBM	F	0.0%
NHTC	A	0.0%
EDUC	C	0.0%
ARTW	F	0.0%
TSE	F	0.0%
AMS	B	0.0%
ISDR	F	0.0%
SFBC	D	0.0%
WHLM	D	0.0%
PDEX	B	0.0%
CDXS	B	0.0%
SCKT	B	0.0%
AMRX	B	0.0%
NSYS	C	0.0%
CIZN	D	0.0%
CODA	C	0.0%
SSBI	F	0.0%
SRTS	B	0.0%
TKNO	F	0.0%
NTWK	D	0.0%
TAIT	D	0.0%
OBT	B	0.0%
FCAP	F	0.0%
CRWS	D	0.0%
HOWL	D	0.0%
NTIP	F	0.0%
FPH	D	0.0%
FNCB	F	0.0%
FXNC	D	0.0%
IPSC	D	0.0%
WVVI	F	0.0%
SCX	A	0.0%
MTEX	F	0.0%
PBHC	C	0.0%
EVI	F	0.0%
LSF	B	0.0%
MBI	C	0.0%
CFBK	D	0.0%
LL	F	0.0%
BRBS	D	0.0%
TLF	A	0.0%
AUBN	D	0.0%
PALT	D	0.0%
ORMP	F	0.0%
GORV	F	0.0%
CXDO	D	0.0%
COHN	B	0.0%
FNWD	C	0.0%
UBCP	D	0.0%
AAME	F	0.0%
CASS	D	0.0%
COFS	B	0.0%
ABIO	B	0.0%
PMCB	F	0.0%
AMWL	F	0.0%
HGBL	F	0.0%
RZLT	B	0.0%
GROW	F	0.0%
ICCC	C	0.0%
RDI	F	0.0%
FINW	C	0.0%
HVT	F	0.0%
ISSC	F	0.0%
SGMA	C	0.0%
LSBK	A	0.0%
EBMT	B	0.0%
PRLD	D	0.0%
TAYD	C	0.0%
SIF	D	0.0%
VEL	B	0.0%
OCC	C	0.0%
LFVN	C	0.0%
BRID	F	0.0%
GTN.A	C	0.0%
HNNA	C	0.0%
PPSI	F	0.0%
RMBI	D	0.0%
SND	B	0.0%
MPX	D	0.0%
TSRI	F	0.0%
AFBI	A	0.0%
PBFS	C	0.0%
CARV	C	0.0%
RFL	F	0.0%
RAPT	F	0.0%
TRT	B	0.0%
ZDGE	D	0.0%
FRAF	C	0.0%
LIVE	D	0.0%
ARKO	D	0.0%
CVR	D	0.0%
CNTY	C	0.0%
MRAM	F	0.0%
GTIM	B	0.0%
CBFV	B	0.0%
DLA	F	0.0%
CZFS	C	0.0%
RMBL	F	0.0%
BOTJ	D	0.0%
ESOA	D	0.0%
OOMA	F	0.0%
JRSH	C	0.0%
FLL	D	0.0%
MHH	F	0.0%
APT	D	0.0%
UONEK	F	0.0%
MXC	C	0.0%
ABSI	D	0.0%
OLMA	F	0.0%
FCCO	F	0.0%
SSBK	B	0.0%
FSFG	D	0.0%
CGNT	C	0.0%
BCOV	D	0.0%
WYY	C	0.0%
OFIX	C	0.0%
HFFG	F	0.0%
HPK	F	0.0%
UTHR	B	0.0%
LGL	D	0.0%
BSVN	B	0.0%
UONE	F	0.0%
GAMB	C	0.0%
SBFG	D	0.0%
MNSB	F	0.0%
FSBC	C	0.0%
SWKH	B	0.0%
MRBK	F	0.0%
DIBS	B	0.0%
DIT	F	0.0%
EVCM	B	0.0%
RSVR	C	0.0%
CPIX	F	0.0%
GRNT	C	0.0%
TNYA	D	0.0%
SVT	C	0.0%
ATRI	B	0.0%
RFIL	F	0.0%
PFIE	D	0.0%
ICD	F	0.0%
GBIO	D	0.0%
DGICB	F	0.0%
GLUE	F	0.0%
RDIB	C	0.0%
HEAR	B	0.0%
MCW	B	0.0%
BWEN	F	0.0%
NL	C	0.0%
LFST	B	0.0%
MNTK	D	0.0%
VICR	F	0.0%
VABK	C	0.0%
TACT	F	0.0%
MBCN	F	0.0%
TCBX	B	0.0%
METCB	F	0.0%
OVLY	D	0.0%
CALB	F	0.0%
OPRX	F	0.0%
LARK	C	0.0%
EAF	D	0.0%
EGRX	F	0.0%
COOK	D	0.0%
OVBC	D	0.0%
MGYR	D	0.0%
PYXS	D	0.0%
CIFR	D	0.0%
CIA	C	0.0%
SENEB	B	0.0%
SCWX	D	0.0%
PSTX	F	0.0%
NEXA	B	0.0%
LNN	C	0.0%
MNTX	C	0.0%
PACB	F	0.0%
TLS	D	0.0%
TCS	F	0.0%
CTLT	D	0.0%
NODK	C	0.0%
CSPI	D	0.0%
AWRE	B	0.0%
INVE	F	0.0%
NKSH	D	0.0%
PETS	F	0.0%
BCAB	C	0.0%
BIG	F	0.0%
ERAS	F	0.0%
DAIO	F	0.0%
CIX	D	0.0%
MMS	B	0.0%
ENZ	F	0.0%
SFBS	C	0.0%
ITI	D	0.0%
SMLR	F	0.0%
HSON	C	0.0%
FMAO	B	0.0%
EQT	C	0.0%
NAII	B	0.0%
IBEX	D	0.0%
AP	F	0.0%
GSIT	F	0.0%
DOUG	F	0.0%
LBRDP	D	0.0%
USPH	C	0.0%
NWFL	F	0.0%
CPHC	C	0.0%
GLT	F	0.0%
REPX	D	0.0%
COLM	B	0.0%
STRO	D	0.0%
DFH	D	0.0%
FIGS	C	0.0%
SP	B	0.0%
PRTS	F	0.0%
BDTX	C	0.0%
LNSR	C	0.0%
ISTR	C	0.0%
PWOD	D	0.0%
FNWB	F	0.0%
DLTH	F	0.0%
EGHT	D	0.0%
SBT	D	0.0%
ATHA	F	0.0%
HLIT	D	0.0%
CMTL	F	0.0%
LQDT	B	0.0%
AC	D	0.0%
LMB	B	0.0%
EGAN	D	0.0%
TARO	C	0.0%
SNFCA	F	0.0%
CMLS	F	0.0%
RRBI	D	0.0%
GAIA	B	0.0%
NUVB	B	0.0%
ARKR	D	0.0%
NOVA	F	0.0%
FVCB	F	0.0%
TSQ	C	0.0%
BDL	C	0.0%
ASRV	D	0.0%
DO	B	0.0%
WHG	D	0.0%
DLHC	F	0.0%
MYFW	B	0.0%
PNRG	B	0.0%
MYPS	F	0.0%
IVAC	C	0.0%
FARM	D	0.0%
PVBC	C	0.0%
KOD	D	0.0%
LCNB	D	0.0%
TUSK	F	0.0%
CULP	F	0.0%
MVBF	D	0.0%
GHM	B	0.0%
APPS	F	0.0%
AXR	D	0.0%
KTCC	D	0.0%
PEBK	B	0.0%
TERN	F	0.0%
TASK	B	0.0%
STRT	C	0.0%
SUM	D	0.0%
LMNR	B	0.0%
UPLD	C	0.0%
NECB	B	0.0%
CTKB	F	0.0%
MASS	F	0.0%
PLBC	C	0.0%
RMR	C	0.0%
HBT	B	0.0%
ESP	B	0.0%
FREE	A	0.0%
ATLO	B	0.0%
LUNA	F	0.0%
PTLO	F	0.0%
ALTG	F	0.0%
REPL	F	0.0%
TWST	B	0.0%
BALY	D	0.0%
BGSF	F	0.0%
HMNF	F	0.0%
KVHI	C	0.0%
TBNK	C	0.0%
HWBK	D	0.0%
SRCL	D	0.0%
NNBR	D	0.0%
AGM	D	0.0%
FEIM	D	0.0%
KEQU	B	0.0%
SSTK	F	0.0%
ASYS	D	0.0%
PROV	D	0.0%
BBSI	B	0.0%
FORR	F	0.0%
XNCR	C	0.0%
BBCP	D	0.0%
ANGI	C	0.0%
FG	B	0.0%
BLUE	F	0.0%
DHX	D	0.0%
ESSA	C	0.0%
CONN	C	0.0%
III	F	0.0%
LTRX	D	0.0%
SRCL	D	0.0%
ALRS	D	0.0%
CBNK	D	0.0%
EVBN	D	0.0%
PPIH	B	0.0%
CMT	C	0.0%
ARC	C	0.0%
EPSN	C	0.0%
MCBS	A	0.0%
OABI	D	0.0%
QRHC	C	0.0%
PRM	B	0.0%
NATH	D	0.0%
COLB	C	0.0%
PNTG	A	0.0%
HMST	F	0.0%
CZWI	D	0.0%
MLNK	F	0.0%
POWW	D	0.0%
OSPN	C	0.0%
ACU	D	0.0%
SWIM	C	0.0%
ESQ	B	0.0%
SIGA	C	0.0%
VIRC	B	0.0%
CHMG	B	0.0%
RCMT	F	0.0%
AMSWA	F	0.0%

DFAT Underweight 126 Positions Relative to AVEM

Symbol	Grade	Weight
TSM	B	-5.25%
BABA	B	-1.54%
PDD	B	-1.01%
NTES	D	-0.73%
INFY	F	-0.59%
VALE	C	-0.5%
PBR	A	-0.49%
IBN	C	-0.39%
KB	A	-0.39%
HDB	D	-0.39%
PKX	F	-0.36%
ITUB	D	-0.34%
UMC	C	-0.31%
ASX	D	-0.31%
SHG	B	-0.31%
LI	F	-0.28%
YUMC	F	-0.28%
VIPS	D	-0.28%
ZTO	C	-0.25%
TCOM	A	-0.23%
CPNG	C	-0.23%
BEKE	B	-0.22%
GFI	B	-0.21%
FMX	D	-0.18%
ERJ	C	-0.17%
GGB	C	-0.16%
RDY	F	-0.16%
BAP	C	-0.16%
BVN	B	-0.15%
HMY	B	-0.14%
UGP	F	-0.13%
QFIN	B	-0.13%
BBD	F	-0.13%
TME	B	-0.13%
CHT	D	-0.12%
SUZ	F	-0.12%
CX	D	-0.12%
TAL	B	-0.12%
STNE	B	-0.12%
TLK	F	-0.12%
PAC	B	-0.11%
OMAB	B	-0.1%
ASR	B	-0.1%
HTHT	B	-0.09%
SBS	D	-0.09%
ATHM	B	-0.08%
XP	F	-0.08%
SCCO	A	-0.08%
LPL	D	-0.07%
BIDU	C	-0.07%
PAGS	D	-0.07%
SID	F	-0.07%
ABEV	F	-0.07%
HOLI	D	-0.07%
SBSW	D	-0.07%
BCH	A	-0.06%
EC	C	-0.06%
ASAI	F	-0.06%
SSL	F	-0.06%
CIG	C	-0.06%
ASAI	F	-0.06%
MOMO	C	-0.06%
TKC	B	-0.06%
SQM	F	-0.06%
WIT	D	-0.06%
WB	C	-0.05%
BSAC	C	-0.05%
EBR	F	-0.05%
FINV	B	-0.05%
BRFS	B	-0.05%
MNSO	B	-0.05%
NU	B	-0.05%
IQ	C	-0.05%
NIO	D	-0.04%
JD	B	-0.04%
BSBR	C	-0.04%
TV	C	-0.04%
DQ	F	-0.04%
KEP	D	-0.04%
KT	D	-0.04%
CIB	B	-0.04%
CAR	D	-0.04%
ELP	F	-0.03%
VLRS	C	-0.03%
AKO.A	B	-0.03%
BGNE	C	-0.03%
YY	C	-0.03%
PHI	B	-0.03%
GDS	D	-0.02%
BZ	B	-0.02%
SGRP	C	-0.02%
CSAN	F	-0.02%
CBD	F	-0.01%
LX	C	-0.01%
HUYA	B	-0.01%
SOHU	B	-0.01%
CCU	B	-0.01%
CAN	F	-0.01%
IFS	D	-0.01%
BAK	F	-0.01%
VNET	C	-0.01%
VIV	F	-0.01%
SKM	C	-0.01%
NOAH	B	-0.01%
IMOS	F	-0.01%
GOTU	B	-0.01%
XYF	D	-0.0%
BILI	C	-0.0%
CANG	B	-0.0%
CNF	F	-0.0%
OLED	B	-0.0%
DAO	D	-0.0%
CAAS	C	-0.0%
KC	D	-0.0%
TUYA	B	-0.0%
NIU	D	-0.0%
SHPH	D	-0.0%
FANH	F	-0.0%
SOL	F	-0.0%
API	B	-0.0%
QD	F	-0.0%
TIGR	C	-0.0%
PDSB	F	-0.0%
GRIN	B	-0.0%
XPEV	F	-0.0%
AZUL	F	-0.0%