VWO vs. DFSE ETF Comparison

Comparison of Vanguard FTSE Emerging Markets ETF (VWO) to Dimensional Emerging Markets Sustainability Core 1 ETF (DFSE)

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

$45.40

Average Daily Volume

8,187,984

Number of Holdings ^*

81

* may have additional holdings in another (foreign) market

DFSE

Dimensional Emerging Markets Sustainability Core 1 ETF

DFSE Description

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets. The Portfolio invests in companies of all sizes, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies as compared to their representation in the Emerging Markets Universe, while adjusting the composition of the Portfolio based on sustainability impact considerations.

Grade (RS Rating)

Last Trade

$33.56

Average Daily Volume

26,202

Number of Holdings ^*

89

* may have additional holdings in another (foreign) market

Performance

Period	VWO	DFSE
30 Days	-4.28%	-4.22%
60 Days	0.24%	-1.41%
90 Days	1.03%	-1.38%
12 Months	15.49%	12.43%

62 Overlapping Holdings

	Symbol	Grade	Weight in VWO	Weight in DFSE	Overlap
	ABEV	F	0.11%	0.05%	0.05%
	AKO.A	F	0.01%	0.02%	0.01%
	AKO.A	F	0.01%	0.01%	0.01%
	ASAI	F	0.0%	0.03%	0.0%
	ASAI	F	0.0%	0.07%	0.0%
	ASAI	F	0.07%	0.03%	0.03%
	ASAI	F	0.07%	0.07%	0.07%
	BABA	D	2.32%	0.08%	0.08%
	BABA	D	2.32%	1.33%	1.33%
	BAOS	F	0.0%	0.0%	0.0%
	BBD	D	0.01%	0.05%	0.01%
	BCH	C	0.06%	0.04%	0.04%
	BCH	C	0.06%	0.01%	0.01%
	BGNE	D	0.14%	0.04%	0.04%
	BGNE	D	0.14%	0.05%	0.05%
	BIDU	F	0.28%	0.06%	0.06%
	BIDU	F	0.28%	0.16%	0.16%
	BILI	D	0.07%	0.09%	0.07%
	BSAC	C	0.01%	0.02%	0.01%
	BSBR	F	0.01%	0.01%	0.01%
	BZ	F	0.05%	0.01%	0.01%
	CIB	B	0.03%	0.04%	0.03%
	CIG	C	0.01%	0.02%	0.01%
	CSAN	F	0.03%	0.01%	0.01%
	CSAN	F	0.03%	0.0%	0.0%
	EBR	F	0.0%	0.01%	0.0%
	ELP	F	0.01%	0.01%	0.01%
	ENIC	B	0.0%	0.0%	0.0%
	ERJ	A	0.06%	0.14%	0.06%
	ERJ	A	0.01%	0.14%	0.01%
	ERJ	A	0.06%	0.02%	0.02%
	ERJ	A	0.01%	0.02%	0.01%
	GGB	C	0.04%	0.0%	0.0%
	GGB	C	0.0%	0.0%	0.0%
	GGB	C	0.0%	0.04%	0.0%
	GGB	C	0.04%	0.04%	0.04%
	HDB	C	1.29%	0.22%	0.22%
	HDB	C	1.29%	0.18%	0.18%
	IBN	C	0.66%	0.62%	0.62%
	IBN	C	0.66%	0.14%	0.14%
	IQ	F	0.01%	0.02%	0.01%
	ITUB	F	0.06%	0.07%	0.06%
	JEWL	D	0.0%	0.0%	0.0%
	LI	F	0.15%	0.09%	0.09%
	NIO	F	0.07%	0.06%	0.06%
	PDD	F	0.95%	0.78%	0.78%
	RDY	F	0.03%	0.05%	0.03%
	SBS	B	0.02%	0.01%	0.01%
	SBSW	D	0.04%	0.04%	0.04%
	SBSW	D	0.04%	0.0%	0.0%
	SGRP	D	0.02%	0.03%	0.02%
	SQM	D	0.0%	0.06%	0.0%
	TCOM	B	0.4%	0.37%	0.37%
	TCOM	B	0.4%	0.11%	0.11%
	TME	D	0.09%	0.13%	0.09%
	VIPS	F	0.05%	0.2%	0.05%
	WIT	B	0.02%	0.12%	0.02%
	WIT	B	0.08%	0.02%	0.02%
	WIT	B	0.02%	0.02%	0.02%
	WIT	B	0.08%	0.12%	0.08%
	XPEV	C	0.08%	0.14%	0.08%
	YUMC	C	0.19%	0.07%	0.07%

VWO Overweight 37 Positions Relative to DFSE

	Symbol	Grade	Weight
	VALE	F	0.46%
	BEKE	D	0.15%
	UMC	F	0.14%
	CHT	C	0.12%
	YMM	C	0.07%
	TAL	F	0.05%
	QFIN	A	0.04%
	CHT	C	0.04%
	UMC	F	0.04%
	BRFS	C	0.03%
	ATAT	C	0.02%
	ATHM	C	0.02%
	CAR	C	0.02%
	GDS	C	0.02%
	EC	D	0.01%
	DDL	C	0.01%
	WB	D	0.01%
	IMOS	F	0.01%
	EH	D	0.01%
	CSIQ	F	0.01%
	FINV	B	0.01%
	YY	B	0.01%
	DQ	F	0.01%
	MOMO	D	0.01%
	JKS	F	0.01%
	RLX	C	0.01%
	HUYA	F	0.0%
	BAK	F	0.0%
	DADA	F	0.0%
	ATHM	C	0.0%
	DAO	B	0.0%
	CAN	C	0.0%
	AZUL	F	0.0%
	SOHU	F	0.0%
	SID	F	0.0%
	VNET	B	0.0%
	GOTU	F	0.0%

VWO Underweight 35 Positions Relative to DFSE

	Symbol	Grade	Weight
	INFY	C	-0.51%
	KB	B	-0.25%
	SHG	C	-0.25%
	NTES	D	-0.16%
	GFI	D	-0.14%
	PAC	B	-0.13%
	ASR	D	-0.1%
	BAP	A	-0.09%
	FMX	F	-0.07%
	KB	B	-0.06%
	UGP	F	-0.05%
	KOF	F	-0.05%
	SHG	C	-0.04%
	VIV	F	-0.04%
	OMAB	D	-0.03%
	ASX	D	-0.02%
	SUZ	B	-0.02%
	SKM	C	-0.02%
	WF	C	-0.02%
	CCU	D	-0.01%
	SKM	C	-0.01%
	SHPH	F	-0.01%
	IFS	A	-0.01%
	SLDB	F	-0.01%
	TLK	D	-0.01%
	IAC	F	-0.0%
	CGA	D	-0.0%
	AVAL	C	-0.0%
	MGNX	F	-0.0%
	NIU	F	-0.0%
	KC	B	-0.0%
	DRD	D	-0.0%
	ZTO	F	-0.0%
	PDSB	F	-0.0%
	BZUN	F	-0.0%

VWO: Top Represented Industries & Keywords

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

Keywords: Bank Games Banking Currency Financial Products Investment Banking Online Game Transport Advertising Services Cash Management Distribution Network Electricity Factoring Investment Product Commercial Banking Computing Concurrent Computing Consumer Finance Deposit Products Electric Vehicle

DFSE: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Internet Content & Information Banks - Regional - Asia Auto Manufacturers Specialty Retail Airports & Air Services Beverages - Brewers Biotechnology Drug Manufacturers - Specialty & Generic Gold Telecom Services Information Technology Services Oil & Gas Refining & Marketing Utilities - Diversified Utilities - Regulated Electric Advertising Agencies Aerospace & Defense Agricultural Inputs Beverages - Non-Alcoholic Beverages - Soft Drinks

Keywords: Bank Banking Investment Banking Currency Financial Products Advertising Services Commercial Banking Deposit Products Drink Investment Banking Services Securitization Beer Broadband Cancer Cash Management Cola Collection Services Distribution Network E-Commerce Factoring