CWI vs. DFSE ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to Dimensional Emerging Markets Sustainability Core 1 ETF (DFSE)

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

$28.72

Average Daily Volume

156,410

Number of Holdings ^*

* 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

$33.58

Average Daily Volume

26,202

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWI	DFSE
30 Days	-3.80%	-4.22%
60 Days	-3.51%	-1.41%
90 Days	-3.73%	-1.38%
12 Months	13.36%	12.43%

47 Overlapping Holdings

Symbol	Grade	Weight in CWI	Weight in DFSE	Overlap
ABEV	F	0.06%	0.05%	0.05%
BABA	D	0.09%	0.08%	0.08%
BABA	D	0.09%	1.33%	0.09%
BABA	D	0.6%	0.08%	0.08%
BABA	D	0.6%	1.33%	0.6%
BAP	A	0.08%	0.09%	0.08%
BBD	D	0.07%	0.05%	0.05%
BGNE	D	0.04%	0.05%	0.04%
BGNE	D	0.04%	0.04%	0.04%
BIDU	F	0.1%	0.06%	0.06%
BIDU	F	0.1%	0.16%	0.1%
BILI	D	0.02%	0.09%	0.02%
BZ	F	0.01%	0.01%	0.01%
CIB	B	0.05%	0.04%	0.04%
CIG	C	0.04%	0.02%	0.02%
CSAN	F	0.03%	0.01%	0.01%
CSAN	F	0.03%	0.0%	0.0%
ENIC	B	0.04%	0.0%	0.0%
GGB	C	0.03%	0.04%	0.03%
GGB	C	0.03%	0.0%	0.0%
HDB	C	0.25%	0.18%	0.18%
HDB	C	0.25%	0.22%	0.22%
IBN	C	0.27%	0.14%	0.14%
IBN	C	0.27%	0.62%	0.27%
INFY	C	0.33%	0.51%	0.33%
IQ	F	0.01%	0.02%	0.01%
ITUB	F	0.15%	0.07%	0.07%
KB	B	0.11%	0.25%	0.11%
KB	B	0.11%	0.06%	0.06%
LI	F	0.05%	0.09%	0.05%
NIO	F	0.03%	0.06%	0.03%
PDD	F	0.28%	0.78%	0.28%
RDY	F	0.08%	0.05%	0.05%
SBSW	D	0.01%	0.04%	0.01%
SBSW	D	0.01%	0.0%	0.0%
SHG	C	0.09%	0.25%	0.09%
SHG	C	0.09%	0.04%	0.04%
SQM	D	0.03%	0.06%	0.03%
TCOM	B	0.13%	0.37%	0.13%
TCOM	B	0.13%	0.11%	0.11%
TME	D	0.03%	0.13%	0.03%
VIPS	F	0.03%	0.2%	0.03%
WIT	B	0.04%	0.02%	0.02%
WIT	B	0.04%	0.12%	0.04%
XPEV	C	0.02%	0.14%	0.02%
XPEV	C	0.02%	0.14%	0.02%
YUMC	C	0.07%	0.07%	0.07%

CWI Overweight 55 Positions Relative to DFSE

Symbol	Grade	Weight
TSM	B	3.02%
NVS	F	0.81%
TM	F	0.68%
HSBH	B	0.66%
UL	D	0.54%
SHOP	B	0.52%
MUFG	B	0.51%
SONY	B	0.47%
ABBV	F	0.45%
TD	D	0.44%
CNI	F	0.32%
SMFG	B	0.27%
DEO	F	0.27%
BCS	A	0.21%
HMC	F	0.16%
LYG	D	0.16%
MFG	A	0.15%
E	F	0.15%
SE	A	0.14%
VALE	F	0.13%
CHT	C	0.11%
UMC	F	0.1%
STLA	F	0.1%
TEVA	C	0.07%
NMR	B	0.07%
PKX	D	0.06%
CHKP	C	0.06%
XRX	F	0.05%
BEKE	D	0.05%
AGCO	D	0.04%
RBA	A	0.04%
WIX	A	0.04%
MT	B	0.04%
CYBR	A	0.04%
HTHT	D	0.03%
LOGI	D	0.03%
GRAB	A	0.03%
AER	A	0.03%
MNDY	C	0.03%
OTEX	F	0.03%
LEGN	D	0.02%
QFIN	A	0.02%
BRFS	C	0.02%
FUTU	D	0.02%
TAL	F	0.02%
PHI	D	0.02%
KEP	B	0.02%
VALE	F	0.01%
ATHM	C	0.01%
GLBE	B	0.01%
MBAVU	C	0.01%
BVN	D	0.01%
SID	F	0.01%
QGEN	D	0.0%
SCCO	F	0.0%

CWI Underweight 45 Positions Relative to DFSE

Symbol	Grade	Weight
NTES	D	-0.16%
ERJ	A	-0.14%
GFI	D	-0.14%
PAC	B	-0.13%
ASR	D	-0.1%
FMX	F	-0.07%
ASAI	F	-0.07%
UGP	F	-0.05%
KOF	F	-0.05%
VIV	F	-0.04%
BCH	C	-0.04%
ASAI	F	-0.03%
SGRP	D	-0.03%
OMAB	D	-0.03%
ASX	D	-0.02%
BSAC	C	-0.02%
AKO.A	F	-0.02%
ERJ	A	-0.02%
SUZ	B	-0.02%
SKM	C	-0.02%
WF	C	-0.02%
EBR	F	-0.01%
CCU	D	-0.01%
SKM	C	-0.01%
SHPH	F	-0.01%
IFS	A	-0.01%
BCH	C	-0.01%
SLDB	F	-0.01%
BSBR	F	-0.01%
SBS	B	-0.01%
TLK	D	-0.01%
AKO.A	F	-0.01%
ELP	F	-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%
JEWL	D	-0.0%
BAOS	F	-0.0%
DRD	D	-0.0%
ZTO	F	-0.0%
PDSB	F	-0.0%
BZUN	F	-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