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

$26.40

Average Daily Volume

648,203

Number of Holdings ^*

* 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

$118.23

Average Daily Volume

325,190

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFEM	VSS
30 Days	2.76%	2.01%
60 Days	3.91%	2.57%
90 Days	7.15%	5.91%
12 Months	15.61%	10.62%

6 Overlapping Holdings

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

DFEM Overweight 86 Positions Relative to VSS

Symbol	Grade	Weight
BABA	B	1.27%
IBN	C	0.57%
PDD	B	0.52%
KB	A	0.38%
VALE	C	0.36%
HDB	D	0.26%
YUMC	F	0.22%
SHG	B	0.2%
BIDU	C	0.2%
INFY	F	0.19%
UMC	C	0.18%
IBN	C	0.17%
TCOM	A	0.17%
GFI	B	0.17%
CX	D	0.14%
RDY	F	0.13%
ERJ	C	0.11%
ERJ	C	0.11%
VIPS	D	0.08%
HMY	B	0.08%
PAC	B	0.08%
GGB	C	0.08%
BILI	C	0.07%
WIT	D	0.06%
ASR	B	0.06%
BRFS	B	0.05%
IQ	C	0.05%
ASAI	F	0.05%
LPL	D	0.04%
ABEV	F	0.04%
OMAB	B	0.04%
CHT	D	0.04%
GDS	D	0.04%
BAP	C	0.04%
KOF	B	0.03%
ASAI	F	0.03%
XPEV	F	0.03%
BCH	A	0.03%
SQM	F	0.03%
TME	B	0.03%
NIO	D	0.03%
FMX	D	0.03%
SHG	B	0.03%
KEP	D	0.02%
SKM	C	0.02%
PBR	A	0.02%
PKX	F	0.02%
CSAN	F	0.02%
LI	F	0.02%
SBSW	D	0.02%
CHT	D	0.02%
CIB	B	0.02%
TLK	F	0.01%
NTES	D	0.01%
WIT	D	0.01%
SHPH	D	0.01%
AKO.A	B	0.01%
PHI	B	0.01%
BSAC	C	0.01%
KEP	D	0.01%
BGNE	C	0.01%
VIV	F	0.01%
SBS	D	0.01%
BBD	F	0.01%
GRIN	B	0.01%
GGB	C	0.01%
SKM	C	0.01%
VIST	B	0.01%
UMC	C	0.01%
IFS	D	0.0%
PDSB	F	0.0%
LGHT	A	0.0%
SBSW	D	0.0%
IAC	B	0.0%
BZUN	C	0.0%
ENIC	B	0.0%
MGNX	F	0.0%
TCOM	A	0.0%
BCH	A	0.0%
CIG	C	0.0%
CCU	B	0.0%
ZLAB	C	0.0%
EBR	F	0.0%
LI	F	0.0%
BIDU	C	0.0%
CSAN	F	0.0%

DFEM Underweight 42 Positions Relative to VSS

Symbol	Grade	Weight
RBA	C	-0.44%
OTEX	F	-0.33%
WFG	D	-0.21%
PRMW	B	-0.09%
DOOO	C	-0.07%
LSPD	F	-0.06%
GOGL	A	-0.05%
HOLI	D	-0.05%
IAG	A	-0.05%
HAFN	A	-0.05%
TAC	C	-0.05%
FLNG	B	-0.03%
MOMO	C	-0.03%
EH	C	-0.03%
GOTU	B	-0.03%
ATAT	F	-0.03%
SPNS	B	-0.03%
BWLP	A	-0.03%
TRMD	B	-0.03%
CSIQ	F	-0.03%
FINV	B	-0.02%
AZUL	F	-0.02%
DDL	C	-0.01%
UBSI	C	-0.01%
VNET	C	-0.01%
CAN	F	-0.01%
VGR	C	-0.01%
VMAR	D	-0.01%
GCBC	C	-0.01%
IONR	C	-0.01%
SOHU	B	-0.01%
CHGX	D	-0.01%
AUDC	F	-0.01%
ZH	F	-0.01%
NNVC	B	-0.01%
RENB	F	-0.01%
SMMF	B	-0.01%
NIU	D	-0.0%
CTS	A	-0.0%
HUYA	B	-0.0%
DAO	D	-0.0%
CALX	F	-0.0%