DFEM vs. VSS ETF Comparison

Comparison of Dimensional Emerging Markets Core Equity 2 ETF (DFEM) to Vanguard FTSE All-Wld ex-US SmCp Idx ETF (VSS)

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

VSS

Vanguard FTSE All-Wld ex-US SmCp Idx ETF

VSS Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of international small-cap companies. The fund employs an indexing investment approach designed to track the performance of the FTSE Global Small Cap ex US Index, a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international small-capitalization stocks. The index includes approximately 3,050 stocks of companies located in 46 countries, including both developed and emerging markets.

Grade (RS Rating)

Last Trade

$118.08

Average Daily Volume

244,658

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFEM	VSS
30 Days	-3.87%	-3.32%
60 Days	-1.41%	-4.05%
90 Days	-1.52%	-4.01%
12 Months	12.95%	11.20%

7 Overlapping Holdings

Symbol	Grade	Weight in DFEM	Weight in VSS	Overlap
BAOS	F	0.0%	0.0%	0.0%
CAR	C	0.05%	0.06%	0.05%
IMOS	F	0.01%	0.02%	0.01%
JKS	F	0.03%	0.03%	0.03%
SGRP	D	0.03%	0.04%	0.03%
SLDB	F	0.0%	0.0%	0.0%
VNET	B	0.0%	0.01%	0.0%

DFEM Overweight 93 Positions Relative to VSS

Symbol	Grade	Weight
BABA	D	1.24%
IBN	C	0.62%
PDD	F	0.46%
KB	B	0.38%
INFY	C	0.32%
VALE	F	0.31%
HDB	C	0.25%
HDB	C	0.24%
YUMC	C	0.2%
TCOM	B	0.19%
SHG	C	0.19%
IBN	C	0.15%
ERJ	A	0.14%
BIDU	F	0.14%
VIPS	F	0.14%
ERJ	A	0.14%
UMC	F	0.14%
XPEV	C	0.13%
GFI	D	0.13%
RDY	F	0.11%
GDS	C	0.1%
BILI	D	0.09%
CX	F	0.09%
PAC	B	0.08%
SBSW	D	0.07%
LI	F	0.07%
HMY	D	0.07%
GGB	C	0.07%
WIT	B	0.06%
TME	D	0.05%
ASR	D	0.05%
LPL	D	0.05%
SHG	C	0.05%
BAP	A	0.05%
BRFS	C	0.05%
NTES	D	0.04%
UMC	F	0.04%
PBR	D	0.03%
ABEV	F	0.03%
VIST	B	0.03%
BCH	C	0.03%
CHT	C	0.03%
BBD	D	0.02%
SKM	C	0.02%
KEP	B	0.02%
IQ	F	0.02%
BIDU	F	0.02%
BABA	D	0.02%
SKM	C	0.02%
PKX	D	0.02%
CHT	C	0.02%
SQM	D	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	C	0.01%
NIO	F	0.01%
AKO.A	F	0.01%
WF	C	0.01%
WIT	B	0.01%
BGNE	D	0.01%
VIV	F	0.01%
GGB	C	0.01%
KEP	B	0.01%
SBS	B	0.01%
ASAI	F	0.01%
BGNE	D	0.01%
KB	B	0.01%
TCOM	B	0.01%
ENIC	B	0.0%
LPL	D	0.0%
LGHT	D	0.0%
ELP	F	0.0%
BCH	C	0.0%
MGNX	F	0.0%
UGP	F	0.0%
PDSB	F	0.0%
CCU	D	0.0%
LI	F	0.0%
SUZ	B	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%

DFEM Underweight 37 Positions Relative to VSS

Symbol	Grade	Weight
RBA	A	-0.48%
OTEX	F	-0.25%
WFG	C	-0.21%
PRMW	C	-0.13%
FRO	D	-0.09%
LIF	C	-0.09%
TAC	A	-0.08%
LSPD	C	-0.06%
DOOO	F	-0.05%
SPNS	F	-0.04%
GOGL	F	-0.04%
ATAT	C	-0.04%
MOMO	D	-0.03%
TRMD	F	-0.03%
SSBI	D	-0.02%
DDL	C	-0.02%
EH	D	-0.02%
CSIQ	F	-0.02%
FLNG	C	-0.02%
FINV	B	-0.02%
ELBM	D	-0.02%
VGR	B	-0.01%
VMAR	F	-0.01%
AUDC	D	-0.01%
GCBC	C	-0.01%
CAN	C	-0.01%
AZUL	F	-0.01%
CHGX	A	-0.01%
RENB	F	-0.01%
SOHU	F	-0.01%
IONR	D	-0.01%
GOTU	F	-0.01%
CALX	D	-0.0%
DAO	B	-0.0%
HUYA	F	-0.0%
CTS	C	-0.0%
DADA	F	-0.0%