SPWO vs. XCEM ETF Comparison

Comparison of SP Funds S&P World (ex-US) ETF (SPWO) to EGShares EM Core ex-China ETF (XCEM)

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

$22.35

Average Daily Volume

6,706

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XCEM

EGShares EM Core ex-China ETF

XCEM Description

The investment seeks investment results that correspond to the EGAI Emerging Markets ex-China IndexSM. The fund will invest at least 80% of its net assets in the companies included in the underlying index and generally expects to be substantially invested at such times, with at least 95% of its net assets invested in these securities. The underlying index is a market capitalization-weighted index designed to provide broad, core emerging markets equity exposure by measuring the stock performance of up to 700 companies across the EGAI Emerging Markets Universe, excluding those listed or domiciled in China and Hong Kong. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.39

Average Daily Volume

156,310

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPWO	XCEM
30 Days	-4.01%	-2.36%
60 Days	-1.39%	-4.33%
90 Days	-2.52%	-5.02%
12 Months		10.83%

6 Overlapping Holdings

Symbol	Grade	Weight in SPWO	Weight in XCEM	Overlap
CHT	D	0.36%	0.67%	0.36%
GGB	C	0.09%	0.14%	0.09%
INFY	B	1.68%	1.76%	1.68%
UMC	F	0.37%	0.39%	0.37%
VALE	F	0.81%	0.82%	0.81%
WIT	A	0.18%	0.26%	0.18%

SPWO Overweight 49 Positions Relative to XCEM

Symbol	Grade	Weight
TSM	B	16.44%
NVO	D	2.44%
SAP	B	1.85%
PDD	F	1.82%
NVS	D	1.58%
AZN	D	1.5%
UL	D	1.18%
JD	D	1.15%
SHOP	B	1.06%
BHP	F	1.04%
SNY	F	0.86%
ABBV	D	0.76%
RELX	C	0.7%
GSK	F	0.58%
RIO	D	0.55%
CNI	D	0.5%
WCN	A	0.4%
LI	F	0.31%
BEKE	D	0.31%
GFI	D	0.3%
BGNE	D	0.29%
HLN	D	0.27%
GOLD	D	0.21%
WDS	D	0.21%
CPNG	D	0.2%
NOK	D	0.19%
ERIC	B	0.18%
SCCO	F	0.16%
RDY	F	0.16%
XPEV	C	0.14%
PAC	B	0.13%
CHKP	D	0.12%
VIPS	F	0.12%
ICLR	D	0.12%
MMYT	B	0.11%
XRX	F	0.11%
JHX	C	0.11%
HTHT	D	0.1%
SQM	F	0.1%
ARM	D	0.1%
ASR	D	0.1%
CYBR	B	0.09%
KOF	F	0.08%
NICE	C	0.07%
WIX	B	0.07%
SNN	D	0.07%
BZ	F	0.07%
PSO	B	0.06%
TS	B	0.05%

SPWO Underweight 10 Positions Relative to XCEM

Symbol	Grade	Weight
HDB	C	-1.98%
IBN	C	-1.97%
KB	B	-0.63%
SHG	D	-0.54%
ASAI	F	-0.43%
ERJ	B	-0.34%
ABEV	F	-0.2%
SBSW	D	-0.09%
SKM	D	-0.09%
BRFS	D	-0.07%