VWO vs. DFAE ETF Comparison

Comparison of Vanguard FTSE Emerging Markets ETF (VWO) to Dimensional Emerging Core Equity Market ETF (DFAE)

VWO

Vanguard FTSE Emerging Markets ETF

VWO Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries. The fund employs an indexing investment approach by investing substantially all (approximately 95%) of its assets in the common stocks included in the FTSE Emerging Index, while employing a form of sampling to reduce risk. The FTSE Emerging Index includes approximately 851 common stocks of companies located in emerging markets around the world. As of May 31, 2013, the largest markets covered in the index were China, Brazil, Taiwan, and India.

Grade (RS Rating)

Last Trade

$42.32

Average Daily Volume

9,794,481

Number of Holdings ^*

91

* may have additional holdings in another (foreign) market

DFAE

Dimensional Emerging Core Equity Market ETF

DFAE Description

The investment objective of the Dimensional Emerging Core Equity Market ETF is to achieve long-term capital appreciation.

Grade (RS Rating)

Last Trade

$24.87

Average Daily Volume

702,620

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	VWO	DFAE
30 Days	1.66%	0.93%
60 Days	2.22%	2.26%
90 Days	5.48%	6.06%
12 Months	9.65%	9.42%

76 Overlapping Holdings

	Symbol	Grade	Weight in VWO	Weight in DFAE	Overlap
	ABEV	F	0.14%	0.01%	0.01%
	ABEV	F	0.14%	0.08%	0.08%
	AKO.A	A	0.01%	0.0%	0.0%
	ASAI	D	0.01%	0.07%	0.01%
	ASAI	D	0.12%	0.07%	0.07%
	ASAI	D	0.12%	0.04%	0.04%
	ASAI	D	0.01%	0.04%	0.01%
	BABA	C	1.92%	0.09%	0.09%
	BABA	C	1.92%	1.49%	1.49%
	BAOS	F	0.0%	0.0%	0.0%
	BBD	D	0.02%	0.0%	0.0%
	BCH	A	0.06%	0.03%	0.03%
	BCH	A	0.06%	0.02%	0.02%
	BGNE	D	0.1%	0.0%	0.0%
	BGNE	D	0.1%	0.05%	0.05%
	BIDU	D	0.37%	0.02%	0.02%
	BIDU	D	0.37%	0.31%	0.31%
	BILI	B	0.03%	0.03%	0.03%
	BRFS	A	0.03%	0.03%	0.03%
	BSAC	D	0.01%	0.02%	0.01%
	CAR	F	0.02%	0.02%	0.02%
	CHT	D	0.05%	0.03%	0.03%
	CHT	D	0.14%	0.03%	0.03%
	CHT	D	0.14%	0.08%	0.08%
	CHT	D	0.05%	0.08%	0.05%
	CIB	C	0.04%	0.03%	0.03%
	CIG	B	0.01%	0.02%	0.01%
	CSAN	D	0.05%	0.0%	0.0%
	CSAN	D	0.05%	0.03%	0.03%
	EBR	D	0.0%	0.0%	0.0%
	ERJ	A	0.05%	0.03%	0.03%
	ERJ	A	0.01%	0.06%	0.01%
	ERJ	A	0.01%	0.03%	0.01%
	ERJ	A	0.05%	0.06%	0.05%
	GDS	D	0.01%	0.01%	0.01%
	GGB	D	0.0%	0.07%	0.0%
	GGB	D	0.0%	0.02%	0.0%
	GGB	D	0.06%	0.07%	0.06%
	GGB	D	0.06%	0.02%	0.02%
	HDB	B	1.21%	0.59%	0.59%
	HTHT	A	0.01%	0.01%	0.01%
	IBN	A	0.4%	0.18%	0.18%
	IBN	A	0.4%	0.61%	0.4%
	IMOS	C	0.01%	0.0%	0.0%
	IMOS	C	0.01%	0.02%	0.01%
	IQ	A	0.02%	0.01%	0.01%
	ITUB	C	0.08%	0.0%	0.0%
	JKS	D	0.01%	0.02%	0.01%
	LI	F	0.2%	0.05%	0.05%
	LI	F	0.2%	0.11%	0.11%
	NIO	F	0.07%	0.02%	0.02%
	NIO	F	0.07%	0.04%	0.04%
	PDD	B	0.88%	0.57%	0.57%
	RDY	B	0.03%	0.12%	0.03%
	SBS	B	0.02%	0.01%	0.01%
	SBSW	C	0.04%	0.03%	0.03%
	SGRP	B	0.01%	0.01%	0.01%
	SQM	F	0.01%	0.03%	0.01%
	TCOM	A	0.29%	0.02%	0.02%
	TCOM	A	0.29%	0.3%	0.29%
	TME	A	0.09%	0.05%	0.05%
	UMC	C	0.07%	0.03%	0.03%
	UMC	C	0.17%	0.21%	0.17%
	UMC	C	0.17%	0.03%	0.03%
	UMC	C	0.07%	0.21%	0.07%
	VALE	D	0.57%	0.03%	0.03%
	VALE	D	0.57%	0.4%	0.4%
	VIPS	D	0.07%	0.05%	0.05%
	VNET	F	0.0%	0.0%	0.0%
	WB	D	0.01%	0.0%	0.0%
	WIT	C	0.08%	0.0%	0.0%
	WIT	C	0.02%	0.0%	0.0%
	WIT	C	0.08%	0.1%	0.08%
	WIT	C	0.02%	0.1%	0.02%
	XPEV	F	0.06%	0.04%	0.04%
	YUMC	D	0.19%	0.25%	0.19%

VWO Overweight 39 Positions Relative to DFAE

	Symbol	Grade	Weight
	TSM	B	0.45%
	BEKE	B	0.11%
	BZ	A	0.07%
	TAL	B	0.06%
	YMM	A	0.06%
	QFIN	A	0.03%
	ELP	F	0.02%
	BSBR	D	0.02%
	ATHM	D	0.02%
	DQ	F	0.02%
	HOLI	D	0.02%
	RLX	B	0.02%
	SID	F	0.01%
	AZUL	F	0.01%
	FINV	B	0.01%
	EH	B	0.01%
	EC	A	0.01%
	YY	B	0.01%
	MOMO	D	0.01%
	ATAT	C	0.01%
	GOTU	C	0.01%
	CSIQ	F	0.01%
	AVAL	B	0.0%
	NIU	B	0.0%
	CBD	F	0.0%
	ENIC	C	0.0%
	JEWL	F	0.0%
	MNSO	A	0.0%
	DAO	F	0.0%
	HUYA	B	0.0%
	ATHM	D	0.0%
	DDL	D	0.0%
	DADA	F	0.0%
	CAN	F	0.0%
	UBSI	D	0.0%
	BAK	C	0.0%
	SOHU	A	0.0%
	ZH	D	0.0%
	TUYA	D	0.0%

VWO Underweight 37 Positions Relative to DFAE

	Symbol	Grade	Weight
	KB	B	-0.3%
	INFY	F	-0.26%
	SHG	B	-0.2%
	GFI	A	-0.19%
	CX	C	-0.11%
	PAC	A	-0.11%
	BAP	C	-0.08%
	FMX	D	-0.08%
	SKM	D	-0.06%
	ASR	A	-0.06%
	KEP	C	-0.05%
	KOF	B	-0.04%
	HMY	A	-0.04%
	LPL	D	-0.04%
	NTES	D	-0.03%
	PBR	A	-0.03%
	OMAB	A	-0.02%
	SHG	B	-0.02%
	VIV	D	-0.02%
	TLK	F	-0.02%
	SHPH	F	-0.01%
	GRIN	B	-0.01%
	PKX	D	-0.01%
	JD	B	-0.01%
	CPAC	C	-0.0%
	DRD	B	-0.0%
	SUZ	D	-0.0%
	LGHT	B	-0.0%
	WTO	C	-0.0%
	IFS	D	-0.0%
	PHI	B	-0.0%
	MGNX	D	-0.0%
	SKM	D	-0.0%
	KB	B	-0.0%
	KEP	C	-0.0%
	UGP	C	-0.0%
	SLDB	D	-0.0%

VWO: Top Represented Industries & Keywords

Industries: Internet Content & Information Banks - Regional - Latin America Auto Manufacturers Specialty Retail Semiconductors Aerospace & Defense Banks - Regional - Asia Chemicals Credit Services Education & Training Services Grocery Stores Information Technology Services Internet Content & Information Lodging Solar Steel Utilities - Diversified Utilities - Regulated Electric Advertising Agencies Airlines

Keywords: Bank Investment Banking Banking Financial Products Games Currency Deposit Products Online Game Transport Advertising Services Cash Management Computing Distribution Network Electricity Electronics Factoring Internet Search Engines Investment Product Loan Products Cloud Computing

DFAE: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Internet Content & Information Telecom Services Banks - Regional - Asia Gold Specialty Retail Airports & Air Services Auto Manufacturers Drug Manufacturers - Specialty & Generic Information Technology Services Beverages - Brewers Biotechnology Building Materials Consumer Electronics Oil & Gas Refining & Marketing Semiconductors Steel Utilities - Regulated Electric Advertising Agencies Aerospace & Defense

Keywords: Bank Banking Investment Banking Currency Financial Products Advertising Services Broadband Internet Access Investment Banking Services Nasdaq 100 Natural Gas Telecommunications Cash Management Commercial Banking Drink Factoring Games Information And Communications Technology Investment Product Online Advertising