EFIV vs. BUSA ETF Comparison

Comparison of SPDR S&P 500 ESG ETF (EFIV) to Brandes U.S. Value ETF (BUSA)

EFIV

SPDR S&P 500 ESG ETF

EFIV Description

• Seeks to provide investment results that, before fees and expenses, correspond generally to the S&P 500 ESG Index • EFIV is designed to track an index that is designed to select S&P 500 firms meeting certain sustainability criteria (criteria related to environmental, social and governance factors) while maintaining similar overall industry group weights as the S&P 500 Index • EFIV may serve as a potential ESG core exposure, based on its focus on sustainability criteria and comprehensive market coverage of the flagship core S&P 500 Index

Grade (RS Rating)

Last Trade

$57.77

Average Daily Volume

109,257

Number of Holdings ^*

313

* may have additional holdings in another (foreign) market

BUSA

Brandes U.S. Value ETF

BUSA Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of U.S. companies. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes), measured at the time of purchase, in securities of U.S. companies.

Grade (RS Rating)

Last Trade

$33.62

Average Daily Volume

25,043

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EFIV	BUSA
30 Days	2.81%	4.78%
60 Days	4.79%	6.46%
90 Days	5.59%	6.78%
12 Months	30.64%	29.83%

30 Overlapping Holdings

Symbol	Grade	Weight in EFIV	Weight in BUSA	Overlap
ACGL	D	0.11%	1.44%	0.11%
AIG	B	0.14%	1.61%	0.14%
BAC	A	0.86%	2.86%	0.86%
BK	A	0.16%	1.95%	0.16%
C	A	0.37%	2.38%	0.37%
CAH	B	0.09%	1.57%	0.09%
CI	F	0.26%	2.26%	0.26%
CMCSA	B	0.47%	2.48%	0.47%
CSCO	B	0.66%	1.06%	0.66%
CTVA	C	0.11%	2.18%	0.11%
CVS	D	0.19%	1.19%	0.19%
CVX	A	0.75%	3.36%	0.75%
EMR	A	0.21%	2.1%	0.21%
ETR	B	0.09%	1.55%	0.09%
FI	A	0.34%	3.53%	0.34%
GOOG	C	2.42%	2.41%	2.41%
HAL	C	0.07%	2.11%	0.07%
JCI	C	0.16%	0.87%	0.16%
JPM	A	1.91%	2.2%	1.91%
LKQ	D	0.03%	1.15%	0.03%
MHK	D	0.02%	0.83%	0.02%
MRK	F	0.7%	1.92%	0.7%
MU	D	0.31%	1.31%	0.31%
OMC	C	0.06%	2.04%	0.06%
PNC	B	0.23%	2.57%	0.23%
SLB	C	0.17%	0.99%	0.17%
STT	A	0.08%	1.28%	0.08%
SYY	B	0.11%	0.96%	0.11%
TFC	A	0.17%	1.08%	0.17%
WTW	B	0.09%	2.4%	0.09%

EFIV Overweight 283 Positions Relative to BUSA

Symbol	Grade	Weight
NVDA	C	10.02%
AAPL	C	9.53%
MSFT	F	8.8%
GOOGL	C	2.92%
TSLA	B	2.55%
LLY	F	1.79%
UNH	C	1.56%
XOM	B	1.5%
V	A	1.44%
MA	C	1.2%
COST	B	1.15%
HD	A	1.13%
PG	A	1.09%
WMT	A	1.03%
CRM	B	0.92%
ABBV	D	0.84%
KO	D	0.68%
ADBE	C	0.66%
ACN	C	0.65%
AMD	F	0.63%
PEP	F	0.63%
LIN	D	0.61%
MCD	D	0.59%
ABT	B	0.56%
GE	D	0.55%
DIS	B	0.52%
CAT	B	0.52%
GS	A	0.52%
QCOM	F	0.5%
MS	A	0.46%
T	A	0.45%
AXP	A	0.45%
AMGN	D	0.45%
SPGI	C	0.45%
LOW	D	0.43%
DHR	F	0.43%
UBER	D	0.42%
AMAT	F	0.42%
NEE	D	0.42%
UNP	C	0.41%
ETN	A	0.41%
BLK	C	0.4%
TJX	A	0.38%
SYK	C	0.37%
BSX	B	0.36%
ADP	B	0.35%
SCHW	B	0.33%
TMUS	B	0.33%
BMY	B	0.33%
SBUX	A	0.32%
GILD	C	0.32%
MMC	B	0.31%
MDT	D	0.31%
INTC	D	0.3%
CB	C	0.3%
PLD	D	0.3%
DE	A	0.28%
ELV	F	0.27%
LRCX	F	0.27%
UPS	C	0.27%
NKE	D	0.26%
TT	A	0.26%
MDLZ	F	0.25%
PYPL	B	0.25%
ICE	C	0.25%
SHW	A	0.25%
PH	A	0.25%
AMT	D	0.25%
REGN	F	0.24%
EQIX	A	0.24%
KLAC	D	0.24%
CMG	B	0.23%
CME	A	0.23%
WM	A	0.23%
AON	A	0.23%
WELL	A	0.22%
USB	A	0.22%
ZTS	D	0.22%
ITW	B	0.21%
CL	D	0.21%
MCO	B	0.21%
CTAS	B	0.21%
CSX	B	0.2%
COF	B	0.2%
TGT	F	0.2%
BDX	F	0.19%
MAR	B	0.19%
ADSK	A	0.19%
WMB	A	0.19%
APD	A	0.19%
ECL	D	0.18%
OKE	A	0.18%
CARR	D	0.18%
GM	B	0.18%
AJG	B	0.18%
NSC	B	0.17%
PCAR	B	0.17%
FCX	D	0.17%
HLT	A	0.17%
AFL	B	0.16%
URI	B	0.16%
TRV	B	0.16%
SRE	A	0.16%
ALL	A	0.15%
GWW	B	0.15%
PSA	D	0.15%
MPC	D	0.15%
PSX	C	0.15%
DLR	B	0.15%
AMP	A	0.15%
RCL	A	0.15%
FIS	C	0.14%
MSCI	C	0.14%
CMI	A	0.14%
KMI	A	0.14%
AME	A	0.13%
PAYX	C	0.13%
ROST	C	0.13%
NEM	D	0.13%
DHI	D	0.13%
MET	A	0.13%
PWR	A	0.13%
DAL	C	0.12%
IR	B	0.12%
TRGP	B	0.12%
BKR	B	0.12%
PEG	A	0.12%
COR	B	0.12%
AXON	A	0.12%
RSG	A	0.12%
DFS	B	0.12%
VLO	C	0.12%
PRU	A	0.12%
KDP	D	0.11%
YUM	B	0.11%
EXC	C	0.11%
A	D	0.11%
EA	A	0.11%
KR	B	0.11%
HES	B	0.11%
EW	C	0.11%
OTIS	C	0.11%
CBRE	B	0.11%
VRSK	A	0.11%
HIG	B	0.1%
OXY	D	0.1%
RMD	C	0.1%
WAB	B	0.1%
EXR	D	0.1%
HUM	C	0.1%
MTB	A	0.1%
IDXX	F	0.1%
HPQ	B	0.1%
GIS	D	0.1%
LULU	C	0.1%
CNC	D	0.09%
CSGP	D	0.09%
DOW	F	0.09%
EIX	B	0.09%
FITB	A	0.09%
ROK	B	0.09%
AVB	B	0.09%
ED	D	0.09%
NDAQ	A	0.09%
FANG	D	0.09%
IRM	D	0.09%
DECK	A	0.08%
HSY	F	0.08%
DOV	A	0.08%
KHC	F	0.08%
HPE	B	0.08%
PPG	F	0.08%
ON	D	0.08%
TTWO	A	0.08%
GPN	B	0.08%
RJF	A	0.08%
XYL	D	0.08%
EBAY	D	0.08%
TSCO	D	0.08%
RF	A	0.07%
HUBB	B	0.07%
BIIB	F	0.07%
DVN	F	0.07%
CCL	B	0.07%
ADM	D	0.07%
SW	A	0.07%
EQR	B	0.07%
HBAN	A	0.07%
SYF	B	0.07%
EQT	B	0.07%
MTD	D	0.07%
AWK	D	0.07%
CPAY	A	0.07%
PHM	D	0.07%
BR	A	0.07%
TROW	B	0.07%
VTR	C	0.07%
FTV	C	0.07%
CBOE	B	0.06%
WDC	D	0.06%
CFG	B	0.06%
NTRS	A	0.06%
LYB	F	0.06%
ES	D	0.06%
K	A	0.06%
ZBH	C	0.06%
WY	D	0.06%
EXPE	B	0.06%
IFF	D	0.06%
WAT	B	0.06%
SBAC	D	0.06%
AVY	D	0.05%
KIM	A	0.05%
BAX	D	0.05%
ARE	D	0.05%
GPC	D	0.05%
MAS	D	0.05%
LVS	C	0.05%
PNR	A	0.05%
KEY	B	0.05%
IEX	B	0.05%
BBY	D	0.05%
TSN	B	0.05%
DGX	A	0.05%
FDS	B	0.05%
HOLX	D	0.05%
PFG	D	0.05%
ULTA	F	0.05%
BALL	D	0.05%
MKC	D	0.05%
JKHY	D	0.04%
ALB	C	0.04%
INCY	C	0.04%
POOL	C	0.04%
CHRW	C	0.04%
SWK	D	0.04%
CAG	D	0.04%
AKAM	D	0.04%
UDR	B	0.04%
MRNA	F	0.04%
AMCR	D	0.04%
EL	F	0.04%
RVTY	F	0.04%
APTV	D	0.04%
JBHT	C	0.04%
DOC	D	0.04%
CF	B	0.04%
EG	C	0.04%
TFX	F	0.03%
GL	B	0.03%
MKTX	D	0.03%
NWSA	B	0.03%
CRL	C	0.03%
IPG	D	0.03%
AIZ	A	0.03%
TAP	C	0.03%
LW	C	0.03%
BXP	D	0.03%
SJM	D	0.03%
TPR	B	0.03%
NCLH	B	0.03%
REG	B	0.03%
KMX	B	0.03%
ALLE	D	0.03%
DAY	B	0.03%
HST	C	0.03%
WBA	F	0.02%
PARA	C	0.02%
BEN	C	0.02%
FMC	D	0.02%
DVA	B	0.02%
BWA	D	0.02%
IVZ	B	0.02%
WYNN	D	0.02%
RL	B	0.02%
HAS	D	0.02%
MOS	F	0.02%
CZR	F	0.02%
FRT	B	0.02%
CPB	D	0.02%
MGM	D	0.02%
HRL	D	0.02%
NWS	B	0.01%

EFIV Underweight 25 Positions Relative to BUSA

Symbol	Grade	Weight
MCK	B	-3.11%
WFC	A	-2.9%
FLEX	A	-2.58%
DOX	D	-2.34%
FDX	B	-2.24%
CTSH	B	-2.06%
TXT	D	-2.05%
SSNC	B	-2.02%
SNY	F	-1.96%
PFE	D	-1.95%
WRB	A	-1.91%
JNJ	D	-1.77%
INGR	B	-1.69%
HCA	F	-1.68%
KVUE	A	-1.53%
LH	C	-1.49%
AZO	C	-1.43%
WKC	D	-1.09%
KNX	B	-1.08%
OMF	A	-1.02%
GTES	A	-1.01%
BRK.A	B	-0.98%
GD	F	-0.91%
OTEX	D	-0.54%
QRVO	F	-0.5%