CWI vs. DFIC ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to Dimensional International Core Equity 2 ETF (DFIC)

CWI

SPDR MSCI ACWI ex-US ETF

CWI 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 MSCI All Country World Index ex USA. It invests substantially all, but 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 float-adjusted market capitalization index that is designed to measure the combined equity market performance of developed and emerging market countries excluding the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.90

Average Daily Volume

167,476

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFIC

Dimensional International Core Equity 2 ETF

DFIC Description

Dimensional International Core Equity 2 ETF is an exchange traded fund launched and managed by Dimensional Fund Advisors L.P. The fund is co-managed by DFA Australia Limited and Dimensional Fund Advisors Ltd. The fund invests in public equity markets of global ex-US region. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. Dimensional International Core Equity 2 ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$27.94

Average Daily Volume

795,960

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	CWI	DFIC
30 Days	2.24%	2.96%
60 Days	4.31%	4.45%
90 Days	6.05%	7.60%
12 Months	20.08%	19.43%

34 Overlapping Holdings

Symbol	Grade	Weight in CWI	Weight in DFIC	Overlap
ABBV	C	0.43%	0.28%	0.28%
AGCO	D	0.04%	0.04%	0.04%
BCS	B	0.18%	0.05%	0.05%
BCS	B	0.18%	0.17%	0.17%
CNI	D	0.33%	0.15%	0.15%
DEO	C	0.29%	0.14%	0.14%
E	C	0.16%	0.18%	0.16%
HMC	D	0.18%	0.08%	0.08%
HMC	D	0.18%	0.09%	0.09%
LOGI	D	0.03%	0.12%	0.03%
LYG	B	0.17%	0.03%	0.03%
LYG	B	0.17%	0.18%	0.17%
MBAVU	C	0.01%	0.02%	0.01%
MFG	D	0.13%	0.1%	0.1%
MT	D	0.04%	0.04%	0.04%
MUFG	D	0.44%	0.3%	0.3%
NMR	D	0.07%	0.05%	0.05%
NMR	D	0.07%	0.04%	0.04%
NVS	C	0.89%	0.1%	0.1%
NVS	C	0.89%	0.88%	0.88%
OTEX	D	0.04%	0.04%	0.04%
QGEN	C	0.0%	0.03%	0.0%
RBA	B	0.04%	0.06%	0.04%
SHOP	C	0.32%	0.01%	0.01%
SMFG	D	0.24%	0.1%	0.1%
SMFG	D	0.24%	0.09%	0.09%
SONY	C	0.46%	0.39%	0.39%
STLA	F	0.12%	0.18%	0.12%
TD	B	0.47%	0.33%	0.33%
TEVA	C	0.08%	0.03%	0.03%
TM	F	0.68%	0.73%	0.68%
TM	F	0.68%	0.01%	0.01%
UL	C	0.61%	0.38%	0.38%
XRX	D	0.04%	0.03%	0.03%

CWI Overweight 61 Positions Relative to DFIC

Symbol	Grade	Weight
TSM	C	2.74%
BABA	B	0.54%
INFY	C	0.34%
IBN	B	0.27%
PDD	F	0.24%
HDB	C	0.24%
ITUB	C	0.16%
VALE	D	0.13%
UMC	C	0.12%
CHT	B	0.11%
KB	D	0.1%
SE	B	0.1%
RDY	D	0.09%
SHG	C	0.09%
BIDU	D	0.09%
TCOM	C	0.09%
PKX	D	0.08%
BABA	B	0.08%
BBD	C	0.08%
CHKP	B	0.07%
BAP	B	0.07%
ABEV	D	0.06%
BGNE	C	0.05%
CIB	D	0.05%
YUMC	D	0.05%
BEKE	D	0.04%
CYBR	D	0.04%
ENIC	D	0.04%
LI	D	0.04%
CIG	B	0.04%
VIPS	D	0.03%
SQM	D	0.03%
MNDY	B	0.03%
AER	B	0.03%
TME	F	0.03%
CSAN	F	0.03%
NIO	C	0.03%
WIX	D	0.03%
WIT	C	0.03%
BILI	C	0.02%
TAL	F	0.02%
SID	D	0.02%
BRFS	C	0.02%
LEGN	F	0.02%
HTHT	D	0.02%
GRAB	C	0.02%
KEP	C	0.02%
PHI	D	0.02%
GGB	D	0.02%
VALE	D	0.01%
SBSW	D	0.01%
GLBE	C	0.01%
ATHM	C	0.01%
XPEV	C	0.01%
XPEV	C	0.01%
BZ	F	0.01%
FUTU	D	0.01%
QFIN	B	0.01%
BVN	F	0.01%
SCCO	D	0.0%
IQ	F	0.0%

CWI Underweight 76 Positions Relative to DFIC

Symbol	Grade	Weight
ASML	F	-0.78%
AZN	D	-0.51%
BP	D	-0.5%
HSBC	B	-0.42%
NVO	C	-0.4%
BHP	D	-0.37%
BBVA	D	-0.3%
RELX	B	-0.23%
STM	F	-0.14%
NWG	C	-0.14%
BTI	C	-0.13%
GOLD	C	-0.13%
PHG	B	-0.12%
NGG	C	-0.09%
WCN	D	-0.08%
SAP	B	-0.07%
SAN	C	-0.07%
IHG	B	-0.06%
FLUT	B	-0.05%
PSO	C	-0.05%
WPP	B	-0.05%
IAG	C	-0.05%
WFG	B	-0.05%
TEF	B	-0.05%
CHRD	F	-0.04%
SNN	C	-0.04%
PRMW	B	-0.04%
AEI	D	-0.04%
CCEP	B	-0.04%
TCI	F	-0.02%
ARGX	C	-0.02%
TRMD	C	-0.02%
DOOO	F	-0.02%
NOK	C	-0.02%
TS	D	-0.02%
CHGX	B	-0.01%
FLNG	C	-0.01%
MGIC	C	-0.01%
PIXY	F	-0.01%
ECO	B	-0.01%
MNTX	D	-0.01%
TAC	B	-0.01%
ORLA	C	-0.01%
GMAB	F	-0.01%
PDS	D	-0.01%
FRO	D	-0.01%
LSPD	D	-0.01%
GOGL	D	-0.01%
HAFN	D	-0.01%
CALT	C	-0.0%
LGO	F	-0.0%
FORTY	D	-0.0%
WDS	F	-0.0%
SW	B	-0.0%
IAUX	D	-0.0%
PSNY	C	-0.0%
TATT	B	-0.0%
KGEI	D	-0.0%
AUID	F	-0.0%
OGI	C	-0.0%
IMMP	D	-0.0%
BLCO	C	-0.0%
CTS	D	-0.0%
CACC	F	-0.0%
PTMN	D	-0.0%
TAK	C	-0.0%
VGR	B	-0.0%
NICE	F	-0.0%
UBCP	C	-0.0%
AUDC	F	-0.0%
TLRY	F	-0.0%
DNN	F	-0.0%
RENB	F	-0.0%
VMAR	F	-0.0%
CUK	C	-0.0%
ELBM	C	-0.0%

CWI: Top Represented Industries & Keywords

Industries: Auto Manufacturers Internet Content & Information Banks - Regional - Asia Software - Application Banks - Global Banks - Regional - Latin America Steel Information Technology Services Specialty Retail Biotechnology Capital Markets Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Industrial Metals & Minerals Semiconductors Telecom Services Utilities - Regulated Electric Airports & Air Services Banks - Regional - Europe Beverages - Brewers