SPWO vs. MEMX ETF Comparison

Comparison of SP Funds S&P World (ex-US) ETF (SPWO) to Matthews Emerging Markets ex China Active ETF (MEMX)

SPWO

SP Funds S&P World (ex-US) ETF

SPWO Description

The Shariah World Index is designed to measure the performance of companies located in developed and emerging markets outside of the United States that pass rules-based screens for adherence to shariah investment guidelines, with a cap applied to ensure diversification among companies in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.24

Average Daily Volume

6,950

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MEMX

Matthews Emerging Markets ex China Active ETF

MEMX Description

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in emerging market countries excluding China. The fund may also invest in companies located in developed countries or China; however, the fund may not invest in any company located in a developed country or China if, at the time of purchase, more than 20% of the fund"s assets are invested in a combination of developed market and Chinese companies.

Grade (RS Rating)

Last Trade

$29.82

Average Daily Volume

5,097

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPWO	MEMX
30 Days	-5.33%	-3.48%
60 Days	-1.50%	-3.98%
90 Days	-1.90%	-2.11%
12 Months		14.23%

4 Overlapping Holdings

Symbol	Grade	Weight in SPWO	Weight in MEMX	Overlap
INFY	C	1.68%	1.33%	1.33%
MMYT	B	0.11%	1.04%	0.11%
TSM	C	16.44%	12.65%	12.65%
VALE	F	0.81%	0.75%	0.75%

SPWO Overweight 51 Positions Relative to MEMX

Symbol	Grade	Weight
NVO	D	2.44%
SAP	A	1.85%
PDD	F	1.82%
NVS	D	1.58%
AZN	F	1.5%
UL	D	1.18%
JD	D	1.15%
SHOP	B	1.06%
BHP	F	1.04%
SNY	F	0.86%
ABBV	F	0.76%
RELX	D	0.7%
GSK	F	0.58%
RIO	D	0.55%
CNI	F	0.5%
WCN	A	0.4%
UMC	F	0.37%
CHT	D	0.36%
LI	F	0.31%
BEKE	C	0.31%
GFI	D	0.3%
BGNE	D	0.29%
HLN	C	0.27%
GOLD	C	0.21%
WDS	F	0.21%
CPNG	D	0.2%
NOK	D	0.19%
WIT	A	0.18%
ERIC	B	0.18%
SCCO	F	0.16%
RDY	D	0.16%
XPEV	C	0.14%
PAC	A	0.13%
CHKP	C	0.12%
VIPS	F	0.12%
ICLR	D	0.12%
XRX	F	0.11%
JHX	D	0.11%
HTHT	D	0.1%
SQM	D	0.1%
ARM	F	0.1%
ASR	D	0.1%
GGB	C	0.09%
CYBR	A	0.09%
KOF	F	0.08%
NICE	D	0.07%
WIX	A	0.07%
SNN	D	0.07%
BZ	F	0.07%
PSO	B	0.06%
TS	B	0.05%

SPWO Underweight 15 Positions Relative to MEMX

Symbol	Grade	Weight
IBN	D	-3.07%
HDB	C	-2.54%
BAP	A	-2.16%
KB	B	-1.68%
GLOB	C	-1.55%
GRAB	A	-1.38%
NU	C	-1.38%
PBR	C	-1.14%
FCX	F	-1.06%
BCH	C	-0.99%
MELI	C	-0.89%
ASAI	F	-0.88%
SE	A	-0.86%
SKM	C	-0.76%
PSMT	D	-0.72%