VWO vs. GMF ETF Comparison

Comparison of Vanguard FTSE Emerging Markets ETF (VWO) to SPDR S&P Emerging Asia Pacific ETF (GMF)

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 ^*

* may have additional holdings in another (foreign) market

GMF

SPDR S&P Emerging Asia Pacific ETF

GMF Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the S&P Asia Pacific Emerging BMI Index. It generally invests at least 80% of its total assets in the securities comprising the index or in ADRs or GDRs based on securities comprising the index. The index is a market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in emerging Asian Pacific markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$116.93

Average Daily Volume

19,271

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VWO	GMF
30 Days	-4.28%	-4.97%
60 Days	0.24%	1.77%
90 Days	1.03%	3.22%
12 Months	15.49%	20.04%

42 Overlapping Holdings

Symbol	Grade	Weight in VWO	Weight in GMF	Overlap
ATHM	C	0.0%	0.03%	0.0%
ATHM	C	0.02%	0.03%	0.02%
BABA	D	2.32%	2.29%	2.29%
BEKE	D	0.15%	0.16%	0.15%
BGNE	D	0.14%	0.16%	0.14%
BIDU	F	0.28%	0.35%	0.28%
BILI	D	0.07%	0.07%	0.07%
BZ	F	0.05%	0.04%	0.04%
CAN	C	0.0%	0.0%	0.0%
CHT	C	0.12%	0.19%	0.12%
CHT	C	0.04%	0.19%	0.04%
DADA	F	0.0%	0.0%	0.0%
DQ	F	0.01%	0.01%	0.01%
GDS	C	0.02%	0.02%	0.02%
GOTU	F	0.0%	0.0%	0.0%
HDB	C	1.29%	1.59%	1.29%
HUYA	F	0.0%	0.0%	0.0%
IBN	C	0.66%	1.22%	0.66%
IBN	C	0.66%	0.0%	0.0%
IQ	F	0.01%	0.01%	0.01%
JKS	F	0.01%	0.01%	0.01%
LI	F	0.15%	0.18%	0.15%
MOMO	D	0.01%	0.02%	0.01%
NIO	F	0.07%	0.09%	0.07%
PDD	F	0.95%	1.1%	0.95%
QFIN	A	0.04%	0.03%	0.03%
RLX	C	0.01%	0.02%	0.01%
SOHU	F	0.0%	0.01%	0.0%
TAL	F	0.05%	0.07%	0.05%
TCOM	B	0.4%	0.44%	0.4%
TME	D	0.09%	0.04%	0.04%
UMC	F	0.04%	0.32%	0.04%
UMC	F	0.14%	0.32%	0.14%
VIPS	F	0.05%	0.08%	0.05%
VNET	B	0.0%	0.01%	0.0%
WB	D	0.01%	0.01%	0.01%
WIT	B	0.02%	0.32%	0.02%
WIT	B	0.08%	0.32%	0.08%
XPEV	C	0.08%	0.1%	0.08%
YMM	C	0.07%	0.06%	0.06%
YUMC	C	0.19%	0.31%	0.19%
YY	B	0.01%	0.03%	0.01%

VWO Overweight 40 Positions Relative to GMF

Symbol	Grade	Weight
VALE	F	0.46%
ABEV	F	0.11%
ASAI	F	0.07%
BCH	C	0.06%
ITUB	F	0.06%
ERJ	A	0.06%
SBSW	D	0.04%
GGB	C	0.04%
RDY	F	0.03%
CSAN	F	0.03%
CIB	B	0.03%
BRFS	C	0.03%
SGRP	D	0.02%
ATAT	C	0.02%
SBS	B	0.02%
CAR	C	0.02%
EC	D	0.01%
DDL	C	0.01%
CIG	C	0.01%
IMOS	F	0.01%
EH	D	0.01%
CSIQ	F	0.01%
BSAC	C	0.01%
FINV	B	0.01%
ELP	F	0.01%
ERJ	A	0.01%
AKO.A	F	0.01%
BSBR	F	0.01%
BBD	D	0.01%
ENIC	B	0.0%
BAOS	F	0.0%
JEWL	D	0.0%
GGB	C	0.0%
BAK	F	0.0%
ASAI	F	0.0%
EBR	F	0.0%
DAO	B	0.0%
AZUL	F	0.0%
SID	F	0.0%
SQM	D	0.0%

VWO Underweight 16 Positions Relative to GMF

Symbol	Grade	Weight
TSM	B	-9.03%
INFY	C	-1.08%
MMYT	B	-0.21%
ZTO	F	-0.17%
LEGN	D	-0.05%
SIMO	D	-0.04%
TIGR	D	-0.02%
HIMX	F	-0.02%
MNSO	D	-0.02%
NOAH	D	-0.01%
QD	B	-0.01%
BTBT	C	-0.01%
NIU	F	-0.0%
API	B	-0.0%
TUYA	D	-0.0%
LX	B	-0.0%