XCEM vs. HDAW ETF Comparison

Comparison of EGShares EM Core ex-China ETF (XCEM) to Deutsche X-trackers MSCI All World ex US High Dividend Yield Hedged Equity ETF (HDAW)

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

$32.06

Average Daily Volume

157,214

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HDAW

Deutsche X-trackers MSCI All World ex US High Dividend Yield Hedged Equity ETF

HDAW Description

The investment seeks investment results that correspond generally to the performance of the MSCI ACWI ex US High Dividend Yield US Dollar Hedged Index. The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to reflect the performance of equities (excluding REITs) in its parent index, the MSCI ACWI ex US Index, with higher dividend income and quality characteristics than average dividend yields of equities in the parent index, where such higher dividend income and quality characteristics are both sustainable and persistent. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.85

Average Daily Volume

1,828

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XCEM	HDAW
30 Days	5.08%	-1.55%
60 Days	2.95%	1.33%
90 Days	2.82%	1.90%
12 Months	12.61%	12.57%

6 Overlapping Holdings

Symbol	Grade	Weight in XCEM	Weight in HDAW	Overlap
ABEV	F	0.19%	0.21%	0.19%
CHT	D	0.67%	0.3%	0.3%
GGB	D	0.13%	0.1%	0.1%
SKM	D	0.08%	0.04%	0.04%
UMC	B	0.48%	0.41%	0.41%
VALE	F	0.88%	0.81%	0.81%

XCEM Overweight 10 Positions Relative to HDAW

Symbol	Grade	Weight
HDB	B	2.0%
IBN	A	1.87%
INFY	B	1.48%
KB	A	0.53%
SHG	B	0.47%
ASAI	F	0.41%
ERJ	D	0.24%
WIT	A	0.23%
SBSW	F	0.09%
BRFS	A	0.07%

XCEM Underweight 10 Positions Relative to HDAW

Symbol	Grade	Weight
NVS	A	-4.51%
UL	B	-3.0%
STLA	F	-0.98%
SCCO	C	-0.19%
AGCO	F	-0.14%
HDEF	C	-0.13%
QFIN	C	-0.05%
DEM	A	-0.04%
ATHM	D	-0.04%
KT	B	-0.02%