HDAW vs. DNL ETF Comparison

Comparison of Deutsche X-trackers MSCI All World ex US High Dividend Yield Hedged Equity ETF (HDAW) to WisdomTree Global ex-U.S. Growth Fund (DNL)

HDAW

Deutsche X-trackers MSCI All World ex US High Dividend Yield Hedged Equity ETF

HDAW Description

The investment seeks investment results that correspond generally to the performance of the MSCI ACWI ex US High Dividend Yield US Dollar Hedged Index. The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to reflect the performance of equities (excluding REITs) in its parent index, the MSCI ACWI ex US Index, with higher dividend income and quality characteristics than average dividend yields of equities in the parent index, where such higher dividend income and quality characteristics are both sustainable and persistent. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.05

Average Daily Volume

1,192

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

DNL

WisdomTree Global ex-U.S. Growth Fund

DNL Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Growth Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index that consists of dividend-paying global ex-U.S. stocks with growth characteristics. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.91

Average Daily Volume

59,877

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	HDAW	DNL
30 Days	7.80%	6.67%
60 Days	5.82%	4.11%
90 Days	9.28%	7.41%
12 Months	17.20%	14.01%

1 Overlapping Holdings

	Symbol	Grade	Weight in HDAW	Weight in DNL	Overlap
	DEM	A	0.25%	0.05%	0.05%

HDAW Overweight 12 Positions Relative to DNL

	Symbol	Grade	Weight
	NVS	B	4.56%
	UL	A	3.01%
	STLA	D	1.1%
	VALE	D	0.98%
	HDEF	A	0.93%
	UMC	C	0.41%
	ABEV	F	0.27%
	SCCO	B	0.23%
	AGCO	D	0.16%
	GGB	C	0.13%
	QFIN	B	0.05%
	KT	D	0.04%

HDAW Underweight 5 Positions Relative to DNL

	Symbol	Grade	Weight
	DEO	F	-2.48%
	CNI	D	-1.99%
	LOGI	C	-0.19%
	CSAN	F	-0.11%
	DWM	A	-0.07%

HDAW: Top Represented Industries & Keywords

Industries: Auto Manufacturers Beverages - Brewers Copper Credit Services Drug Manufacturers - Major Farm & Construction Equipment Household & Personal Products Industrial Metals & Minerals Semiconductors Steel Telecom Services

Keywords: Dividend Yield ETF Exchange Traded Fund Mining Active Pharmaceutical Ingredients Agricultural Equipment Agricultural Machinery Agriculture Alcohol Alloys Alternative Fuel Aluminum Products Anheuser Busch Animal Health Antibiotics Automotive Manufacturers Baler Base Metal Beef Beer

DNL: Top Represented Industries & Keywords

Industries: Beverages - Wineries & Distilleries Computer Systems Oil & Gas Refining & Marketing Railroads

Keywords: ETF Exchange Traded Fund Exchange Traded Funds Wisdomtree Investments Alcohol Alcoholic Drinks Audiovisual Automotive Products Beer Canadian Whisky Chemical Communication Products Digital Video Distilled Drinks Dividend Dividend Yield Drink Entertainment Systems Ethanol Fuel Fax