DFEM vs. DBAW ETF Comparison

Comparison of Dimensional Emerging Markets Core Equity 2 ETF (DFEM) to db X-trackers MSCI All World ex US Hedged Equity Fund (DBAW)

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

$26.94

Average Daily Volume

645,960

Number of Holdings ^*

92

* may have additional holdings in another (foreign) market

DBAW

db X-trackers MSCI All World ex US Hedged Equity Fund

DBAW Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI ACWI ex USA US Dollar Hedged Index. The fund, using a "passive" or indexing investment approach, attempts to approximate the investment performance of the underlying index. The underlying index is designed to provide exposure to equity securities in developed and emerging stock markets (excluding the United States), while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.83

Average Daily Volume

9,524

Number of Holdings ^*

82

* may have additional holdings in another (foreign) market

Performance

Period	DFEM	DBAW
30 Days	5.37%	4.24%
60 Days	5.67%	4.90%
90 Days	8.37%	8.67%
12 Months	16.23%	18.63%

47 Overlapping Holdings

	Symbol	Grade	Weight in DFEM	Weight in DBAW	Overlap
	ABEV	F	0.04%	0.04%	0.04%
	ASAI	F	0.05%	0.03%	0.03%
	ASAI	F	0.03%	0.03%	0.03%
	BABA	C	1.28%	0.59%	0.59%
	BAP	C	0.04%	0.04%	0.04%
	BCH	A	0.03%	0.02%	0.02%
	BCH	A	0.0%	0.02%	0.0%
	BGNE	D	0.01%	0.03%	0.01%
	BIDU	D	0.2%	0.12%	0.12%
	BIDU	D	0.0%	0.12%	0.0%
	BILI	C	0.07%	0.01%	0.01%
	CHT	C	0.04%	0.06%	0.04%
	CHT	C	0.02%	0.06%	0.02%
	CSAN	F	0.01%	0.01%	0.01%
	CSAN	F	0.02%	0.01%	0.01%
	GGB	C	0.09%	0.02%	0.02%
	GGB	C	0.01%	0.02%	0.01%
	HDB	D	0.25%	0.18%	0.18%
	HTHT	C	0.0%	0.03%	0.0%
	IBN	C	0.16%	0.25%	0.16%
	IBN	C	0.55%	0.25%	0.25%
	IQ	C	0.05%	0.01%	0.01%
	KB	B	0.39%	0.08%	0.08%
	KEP	F	0.01%	0.02%	0.01%
	KEP	F	0.02%	0.02%	0.02%
	LI	F	0.03%	0.06%	0.03%
	LI	F	0.0%	0.06%	0.0%
	LPL	D	0.04%	0.01%	0.01%
	NIO	D	0.04%	0.03%	0.03%
	PDD	B	0.58%	0.3%	0.3%
	SBSW	C	0.0%	0.01%	0.0%
	SBSW	C	0.02%	0.01%	0.01%
	SHG	B	0.04%	0.05%	0.04%
	SHG	B	0.2%	0.05%	0.05%
	SKM	C	0.01%	0.01%	0.01%
	SKM	C	0.02%	0.01%	0.01%
	TCOM	A	0.18%	0.1%	0.1%
	TCOM	A	0.0%	0.1%	0.0%
	TME	B	0.03%	0.04%	0.03%
	UMC	B	0.18%	0.06%	0.06%
	UMC	B	0.01%	0.06%	0.01%
	VALE	C	0.37%	0.16%	0.16%
	VIPS	D	0.08%	0.02%	0.02%
	WIT	D	0.06%	0.02%	0.02%
	WIT	D	0.01%	0.02%	0.01%
	XPEV	F	0.03%	0.02%	0.02%
	YUMC	D	0.21%	0.05%	0.05%

DFEM Overweight 45 Positions Relative to DBAW

	Symbol	Grade	Weight
	INFY	F	0.19%
	GFI	C	0.16%
	CX	D	0.14%
	RDY	F	0.12%
	ERJ	A	0.11%
	ERJ	A	0.11%
	HMY	B	0.08%
	PAC	B	0.08%
	ASR	B	0.06%
	BRFS	B	0.05%
	OMAB	C	0.04%
	GDS	D	0.04%
	CAR	D	0.04%
	KOF	B	0.03%
	JKS	D	0.03%
	SQM	D	0.03%
	FMX	D	0.03%
	VIST	B	0.02%
	PBR	C	0.02%
	PKX	F	0.02%
	IMOS	D	0.02%
	CIB	B	0.02%
	TLK	F	0.01%
	SHPH	F	0.01%
	PHI	C	0.01%
	NTES	F	0.01%
	SLDB	D	0.01%
	BSAC	C	0.01%
	AKO.A	A	0.01%
	VIV	F	0.01%
	SGRP	C	0.01%
	SBS	D	0.01%
	GRIN	C	0.01%
	BBD	F	0.01%
	LGHT	A	0.0%
	IFS	F	0.0%
	BAOS	F	0.0%
	IAC	C	0.0%
	BZUN	C	0.0%
	ENIC	C	0.0%
	MGNX	F	0.0%
	CIG	C	0.0%
	CCU	C	0.0%
	ZLAB	D	0.0%
	EBR	F	0.0%

DFEM Underweight 50 Positions Relative to DBAW

	Symbol	Grade	Weight
	TM	D	-0.9%
	NVS	B	-0.75%
	UL	A	-0.49%
	MUFG	C	-0.41%
	TD	D	-0.37%
	SONY	F	-0.36%
	ABBV	D	-0.31%
	DEO	D	-0.29%
	SHOP	F	-0.28%
	SMFG	C	-0.27%
	CNI	D	-0.25%
	HMC	D	-0.2%
	MFG	C	-0.18%
	STLA	D	-0.17%
	BCS	A	-0.15%
	LYG	A	-0.15%
	E	C	-0.13%
	FLUT	C	-0.13%
	GOLD	B	-0.11%
	SE	C	-0.09%
	TEVA	A	-0.06%
	NMR	D	-0.06%
	AER	B	-0.06%
	LOGI	C	-0.05%
	RBA	C	-0.05%
	CHKP	D	-0.05%
	CCEP	A	-0.05%
	BEKE	B	-0.04%
	XRX	F	-0.04%
	ZTO	C	-0.03%
	OTEX	F	-0.03%
	SCCO	A	-0.03%
	QGEN	B	-0.03%
	CYBR	D	-0.03%
	BZ	A	-0.02%
	LEGN	F	-0.02%
	TAL	C	-0.02%
	MNDY	F	-0.02%
	AGCO	D	-0.02%
	WIX	C	-0.02%
	GRAB	B	-0.02%
	QFIN	B	-0.01%
	ATHM	C	-0.01%
	DOOO	C	-0.01%
	GLBE	F	-0.01%
	FUTU	B	-0.01%
	BVN	B	-0.01%
	WFG	D	-0.01%
	YNDX	C	-0.0%
	KT	C	-0.0%

DFEM: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Internet Content & Information Telecom Services Banks - Regional - Asia Specialty Retail Airports & Air Services Auto Manufacturers Beverages - Brewers Biotechnology Drug Manufacturers - Specialty & Generic Gold Utilities - Regulated Electric Information Technology Services Semiconductors Steel Advertising Agencies Aerospace & Defense Beverages - Non-Alcoholic Beverages - Soft Drinks Building Materials

Keywords: Bank Banking Investment Banking Currency Advertising Services Broadband Drink Financial Products Internet Access Investment Banking Services Telecommunications Beer Cash Management Cola Commercial Banking E-Commerce Information And Communications Technology Nasdaq 100 Natural Gas Online Advertising

DBAW: Top Represented Industries & Keywords

Industries: Internet Content & Information Auto Manufacturers Banks - Regional - Asia Software - Application Banks - Global Specialty Retail Telecom Services Banks - Regional - Latin America Biotechnology Capital Markets Consumer Electronics Drug Manufacturers - Major Gold Industrial Metals & Minerals Information Technology Services Airports & Air Services Banks - Regional - Europe Beverages - Brewers Beverages - Soft Drinks Beverages - Wineries & Distilleries

Keywords: Bank Investment Banking Banking Financial Products Investment Banking Services Transport Advertising Services Asset Management Cars Cash Management Commercial Banking Investment Bank Investment Product Mining Nasdaq 100 Securitization Structured Finance Telecommunications Asset Management Services Corporate Banking