DFEM vs. ACWX ETF Comparison

Comparison of Dimensional Emerging Markets Core Equity 2 ETF (DFEM) to iShares MSCI ACWI ex US Index Fund (ACWX)

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

$26.58

Average Daily Volume

596,677

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

ACWX

iShares MSCI ACWI ex US Index Fund

ACWX Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Country World Index ex USA (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization-weighted index designed to measure the combined equity market performance of developed and emerging markets countries, excluding the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.81

Average Daily Volume

861,512

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFEM	ACWX
30 Days	-3.35%	-2.47%
60 Days	-2.10%	-3.95%
90 Days	-1.52%	-3.67%
12 Months	12.95%	12.80%

25 Overlapping Holdings

Symbol	Grade	Weight in DFEM	Weight in ACWX	Overlap
BABA	D	0.02%	0.65%	0.02%
BABA	D	1.24%	0.65%	0.65%
BGNE	D	0.01%	0.04%	0.01%
BGNE	D	0.01%	0.04%	0.01%
BIDU	F	0.14%	0.09%	0.09%
BIDU	F	0.02%	0.09%	0.02%
BILI	D	0.09%	0.02%	0.02%
CHT	D	0.03%	0.05%	0.03%
CHT	D	0.02%	0.05%	0.02%
HDB	C	0.25%	0.33%	0.25%
HDB	C	0.24%	0.33%	0.24%
IBN	C	0.62%	0.3%	0.3%
IBN	C	0.15%	0.3%	0.15%
LI	F	0.0%	0.05%	0.0%
LI	F	0.07%	0.05%	0.05%
NIO	F	0.01%	0.02%	0.01%
TCOM	B	0.01%	0.13%	0.01%
TCOM	B	0.19%	0.13%	0.13%
TME	D	0.05%	0.03%	0.03%
UMC	F	0.04%	0.06%	0.04%
UMC	F	0.14%	0.06%	0.06%
WIT	A	0.01%	0.03%	0.01%
WIT	A	0.06%	0.03%	0.03%
XPEV	C	0.13%	0.03%	0.03%
YUMC	C	0.2%	0.07%	0.07%

DFEM Overweight 75 Positions Relative to ACWX

Symbol	Grade	Weight
PDD	F	0.46%
KB	B	0.38%
INFY	B	0.32%
VALE	F	0.31%
SHG	D	0.19%
ERJ	B	0.14%
VIPS	F	0.14%
ERJ	B	0.14%
GFI	D	0.13%
RDY	F	0.11%
GDS	C	0.1%
CX	D	0.09%
PAC	B	0.08%
SBSW	D	0.07%
HMY	D	0.07%
GGB	C	0.07%
ASR	D	0.05%
LPL	F	0.05%
CAR	C	0.05%
SHG	D	0.05%
BAP	B	0.05%
BRFS	D	0.05%
NTES	D	0.04%
SGRP	D	0.03%
JKS	F	0.03%
PBR	C	0.03%
ABEV	F	0.03%
VIST	A	0.03%
BCH	F	0.03%
BBD	D	0.02%
SKM	D	0.02%
KEP	B	0.02%
IQ	F	0.02%
SKM	D	0.02%
PKX	F	0.02%
SQM	F	0.02%
CIB	B	0.02%
ASAI	F	0.02%
OMAB	D	0.02%
FMX	F	0.02%
KOF	F	0.02%
CIG	C	0.01%
PHI	D	0.01%
ITUB	F	0.01%
SHPH	F	0.01%
ASX	D	0.01%
BSAC	F	0.01%
AKO.A	F	0.01%
IMOS	F	0.01%
WF	C	0.01%
VIV	F	0.01%
GGB	C	0.01%
KEP	B	0.01%
SBS	B	0.01%
ASAI	F	0.01%
KB	B	0.01%
ENIC	D	0.0%
BAOS	F	0.0%
LPL	F	0.0%
LGHT	D	0.0%
ELP	F	0.0%
SLDB	F	0.0%
BCH	F	0.0%
MGNX	F	0.0%
UGP	F	0.0%
PDSB	F	0.0%
CCU	D	0.0%
SUZ	C	0.0%
BZUN	F	0.0%
BAK	F	0.0%
CSAN	F	0.0%
ZTO	F	0.0%
EBR	F	0.0%
ZLAB	C	0.0%
VNET	B	0.0%

DFEM Underweight 10 Positions Relative to ACWX

Symbol	Grade	Weight
TM	D	-0.69%
MUFG	B	-0.5%
SONY	B	-0.44%
SMFG	B	-0.34%
MFG	B	-0.22%
HMC	F	-0.15%
NMR	B	-0.07%
AGCO	D	-0.02%
MNSO	F	-0.01%
MBAVU	D	-0.01%