DFEM vs. AVSE ETF Comparison

Comparison of Dimensional Emerging Markets Core Equity 2 ETF (DFEM) to Avantis Responsible Emerging Markets Equity ETF (AVSE)

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

594,183

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

AVSE

Avantis Responsible Emerging Markets Equity ETF

AVSE 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. The portfolio management team limits its investable universe of companies by screening out those that raise concerns based on the team?s evaluation of multiple ESG metrics.

Grade (RS Rating)

Last Trade

$52.27

Average Daily Volume

3,334

Number of Holdings ^*

89

* may have additional holdings in another (foreign) market

Performance

Period	DFEM	AVSE
30 Days	-3.87%	-4.16%
60 Days	-1.41%	-1.36%
90 Days	-1.52%	-1.56%
12 Months	12.95%	15.31%

76 Overlapping Holdings

	Symbol	Grade	Weight in DFEM	Weight in AVSE	Overlap
	ABEV	F	0.03%	0.08%	0.03%
	AKO.A	F	0.01%	0.04%	0.01%
	ASAI	F	0.01%	0.08%	0.01%
	ASAI	F	0.02%	0.08%	0.02%
	ASAI	F	0.01%	0.04%	0.01%
	ASAI	F	0.02%	0.04%	0.02%
	ASR	D	0.05%	0.07%	0.05%
	ASX	D	0.01%	0.22%	0.01%
	BABA	D	0.02%	1.8%	0.02%
	BABA	D	1.24%	1.8%	1.24%
	BAP	A	0.05%	0.18%	0.05%
	BBD	D	0.02%	0.16%	0.02%
	BCH	C	0.0%	0.08%	0.0%
	BCH	C	0.03%	0.08%	0.03%
	BGNE	D	0.01%	0.03%	0.01%
	BGNE	D	0.01%	0.03%	0.01%
	BGNE	D	0.01%	0.05%	0.01%
	BGNE	D	0.01%	0.05%	0.01%
	BIDU	F	0.14%	0.05%	0.05%
	BIDU	F	0.02%	0.05%	0.02%
	BILI	D	0.09%	0.0%	0.0%
	BSAC	C	0.01%	0.04%	0.01%
	CAR	C	0.05%	0.08%	0.05%
	CCU	D	0.0%	0.02%	0.0%
	CHT	C	0.03%	0.06%	0.03%
	CHT	C	0.02%	0.06%	0.02%
	CIB	B	0.02%	0.04%	0.02%
	CIG	C	0.01%	0.12%	0.01%
	EBR	F	0.0%	0.08%	0.0%
	ELP	F	0.0%	0.04%	0.0%
	FMX	F	0.02%	0.1%	0.02%
	GFI	D	0.13%	0.17%	0.13%
	HDB	C	0.24%	0.56%	0.24%
	HDB	C	0.25%	0.56%	0.25%
	IBN	C	0.62%	0.48%	0.48%
	IBN	C	0.15%	0.48%	0.15%
	IMOS	F	0.01%	0.03%	0.01%
	INFY	C	0.32%	0.76%	0.32%
	IQ	F	0.02%	0.06%	0.02%
	ITUB	F	0.01%	0.34%	0.01%
	KB	B	0.01%	0.48%	0.01%
	KB	B	0.38%	0.48%	0.38%
	LI	F	0.07%	0.29%	0.07%
	LI	F	0.0%	0.29%	0.0%
	LPL	D	0.0%	0.09%	0.0%
	LPL	D	0.05%	0.09%	0.05%
	NIO	F	0.01%	0.02%	0.01%
	NTES	D	0.04%	0.51%	0.04%
	OMAB	D	0.02%	0.09%	0.02%
	PAC	B	0.08%	0.16%	0.08%
	PDD	F	0.46%	0.71%	0.46%
	PDSB	F	0.0%	0.01%	0.0%
	PHI	D	0.01%	0.03%	0.01%
	RDY	F	0.11%	0.09%	0.09%
	SBS	B	0.01%	0.11%	0.01%
	SBSW	D	0.07%	0.07%	0.07%
	SGRP	D	0.03%	0.04%	0.03%
	SHG	C	0.19%	0.38%	0.19%
	SHG	C	0.05%	0.38%	0.05%
	SKM	C	0.02%	0.07%	0.02%
	SKM	C	0.02%	0.07%	0.02%
	SQM	D	0.02%	0.03%	0.02%
	SUZ	B	0.0%	0.14%	0.0%
	TCOM	B	0.01%	0.27%	0.01%
	TCOM	B	0.19%	0.27%	0.19%
	TME	D	0.05%	0.08%	0.05%
	UMC	F	0.04%	0.24%	0.04%
	UMC	F	0.14%	0.24%	0.14%
	VIPS	F	0.14%	0.23%	0.14%
	VIV	F	0.01%	0.06%	0.01%
	VNET	B	0.0%	0.02%	0.0%
	WIT	B	0.06%	0.07%	0.06%
	WIT	B	0.01%	0.07%	0.01%
	XPEV	C	0.13%	0.01%	0.01%
	YUMC	C	0.2%	0.41%	0.2%
	ZTO	F	0.0%	0.2%	0.0%

DFEM Overweight 28 Positions Relative to AVSE

	Symbol	Grade	Weight
	VALE	F	0.31%
	ERJ	A	0.14%
	ERJ	A	0.14%
	GDS	C	0.1%
	CX	F	0.09%
	HMY	D	0.07%
	GGB	C	0.07%
	BRFS	C	0.05%
	JKS	F	0.03%
	PBR	D	0.03%
	VIST	B	0.03%
	KEP	B	0.02%
	PKX	D	0.02%
	KOF	F	0.02%
	SHPH	F	0.01%
	WF	C	0.01%
	GGB	C	0.01%
	KEP	B	0.01%
	ENIC	B	0.0%
	BAOS	F	0.0%
	LGHT	D	0.0%
	SLDB	F	0.0%
	MGNX	F	0.0%
	UGP	F	0.0%
	BZUN	F	0.0%
	BAK	F	0.0%
	CSAN	F	0.0%
	ZLAB	C	0.0%

DFEM Underweight 31 Positions Relative to AVSE

	Symbol	Grade	Weight
	TSM	B	-5.9%
	CPNG	D	-0.28%
	HTHT	D	-0.25%
	BEKE	D	-0.17%
	TLK	D	-0.13%
	STNE	F	-0.13%
	QFIN	A	-0.09%
	ATHM	C	-0.06%
	TKC	B	-0.06%
	MNSO	D	-0.06%
	KT	A	-0.05%
	SCCO	F	-0.05%
	TV	F	-0.05%
	PAGS	F	-0.04%
	IFS	A	-0.04%
	MOMO	D	-0.04%
	YY	B	-0.04%
	LX	B	-0.03%
	NOAH	D	-0.03%
	SOHU	F	-0.03%
	BSBR	F	-0.02%
	WB	D	-0.02%
	BZ	F	-0.01%
	NIU	F	-0.0%
	DAO	B	-0.0%
	TIGR	D	-0.0%
	TUYA	D	-0.0%
	CANG	B	-0.0%
	API	B	-0.0%
	TAL	F	-0.0%
	CAAS	C	-0.0%

DFEM: Top Represented Industries & Keywords

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

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

AVSE: Top Represented Industries & Keywords

Industries: Internet Content & Information Banks - Regional - Latin America Telecom Services Auto Manufacturers Banks - Regional - Asia Semiconductors Specialty Retail Airports & Air Services Beverages - Brewers Information Technology Services Biotechnology Credit Services Gold Software - Application Software - Infrastructure Utilities - Diversified Asset Management Auto Parts Beverages - Non-Alcoholic Broadcasting - TV

Keywords: Bank Banking Broadband Investment Banking Cloud Computing Currency Internet Access Telecommunications Advertising Services Electronics Financial Products Games Commercial Banking E-Commerce Information And Communications Technology Investment Banking Services Online Game Telecommunication Services Broadband Internet Broadcasting