CWI vs. GEM ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM)

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

$28.81

Average Daily Volume

158,951

Number of Holdings ^*

89

* may have additional holdings in another (foreign) market

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

GEM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Emerging Markets Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$33.16

Average Daily Volume

68,074

Number of Holdings ^*

40

* may have additional holdings in another (foreign) market

Performance

Period	CWI	GEM
30 Days	-2.14%	-3.80%
60 Days	-3.35%	-1.37%
90 Days	-3.13%	-1.13%
12 Months	14.07%	12.15%

33 Overlapping Holdings

	Symbol	Grade	Weight in CWI	Weight in GEM	Overlap
	ABEV	F	0.06%	0.07%	0.06%
	ATHM	D	0.01%	0.07%	0.01%
	BABA	D	0.09%	1.93%	0.09%
	BABA	D	0.6%	1.93%	0.6%
	BAP	B	0.08%	0.08%	0.08%
	BEKE	D	0.05%	0.05%	0.05%
	BGNE	D	0.04%	0.11%	0.04%
	BIDU	F	0.1%	0.15%	0.1%
	BRFS	D	0.02%	0.04%	0.02%
	BVN	F	0.01%	0.03%	0.01%
	BZ	F	0.01%	0.03%	0.01%
	CHT	D	0.11%	0.06%	0.06%
	CSAN	F	0.03%	0.04%	0.03%
	GGB	C	0.03%	0.09%	0.03%
	HDB	C	0.25%	0.46%	0.25%
	IBN	C	0.27%	0.8%	0.27%
	IQ	F	0.01%	0.03%	0.01%
	KB	B	0.11%	0.27%	0.11%
	KEP	B	0.02%	0.04%	0.02%
	LI	F	0.05%	0.06%	0.05%
	PDD	F	0.28%	0.75%	0.28%
	QFIN	B	0.02%	0.2%	0.02%
	SCCO	F	0.0%	0.09%	0.0%
	SHG	D	0.09%	0.2%	0.09%
	TAL	F	0.02%	0.06%	0.02%
	TCOM	B	0.13%	0.18%	0.13%
	TME	D	0.03%	0.1%	0.03%
	UMC	F	0.1%	0.18%	0.1%
	VALE	F	0.01%	0.41%	0.01%
	VALE	F	0.13%	0.41%	0.13%
	VIPS	F	0.03%	0.2%	0.03%
	WIT	A	0.04%	0.21%	0.04%
	YUMC	C	0.07%	0.24%	0.07%

CWI Overweight 56 Positions Relative to GEM

	Symbol	Grade	Weight
	TSM	B	3.02%
	NVS	D	0.81%
	TM	D	0.68%
	HSBH	B	0.66%
	UL	D	0.54%
	SHOP	B	0.52%
	MUFG	B	0.51%
	SONY	B	0.47%
	ABBV	D	0.45%
	TD	F	0.44%
	INFY	B	0.33%
	CNI	D	0.32%
	SMFG	B	0.27%
	DEO	F	0.27%
	BCS	C	0.21%
	HMC	F	0.16%
	LYG	F	0.16%
	MFG	B	0.15%
	ITUB	F	0.15%
	E	F	0.15%
	SE	B	0.14%
	STLA	F	0.1%
	RDY	F	0.08%
	BBD	D	0.07%
	TEVA	D	0.07%
	NMR	B	0.07%
	PKX	F	0.06%
	CHKP	D	0.06%
	XRX	F	0.05%
	CIB	B	0.05%
	CIG	C	0.04%
	AGCO	D	0.04%
	RBA	A	0.04%
	WIX	B	0.04%
	ENIC	D	0.04%
	MT	B	0.04%
	CYBR	B	0.04%
	HTHT	D	0.03%
	NIO	F	0.03%
	LOGI	D	0.03%
	SQM	F	0.03%
	GRAB	B	0.03%
	AER	B	0.03%
	MNDY	C	0.03%
	OTEX	D	0.03%
	XPEV	C	0.02%
	LEGN	F	0.02%
	XPEV	C	0.02%
	FUTU	D	0.02%
	PHI	D	0.02%
	BILI	D	0.02%
	GLBE	B	0.01%
	SBSW	D	0.01%
	MBAVU	D	0.01%
	SID	F	0.01%
	QGEN	D	0.0%

CWI Underweight 9 Positions Relative to GEM

	Symbol	Grade	Weight
	SKM	D	-0.22%
	NU	C	-0.14%
	BCH	F	-0.09%
	KT	A	-0.09%
	ERJ	B	-0.05%
	XP	F	-0.05%
	LPL	F	-0.04%
	ASAI	F	-0.04%
	PAGS	F	-0.03%

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

Keywords: Banking Bank Investment Banking Financial Products Investment Banking Services Cash Management Investment Bank Investment Product Telecommunications Transport Asset Management Asset Management Services Cars Commercial Banking Currency Insurance Products Mining Pharmaceutical Structured Finance Cash Management Services

GEM: Top Represented Industries & Keywords

Industries: Banks - Regional - Asia Internet Content & Information Specialty Retail Telecom Services Banks - Regional - Latin America Industrial Metals & Minerals Aerospace & Defense Auto Manufacturers Banks - Diversified Beverages - Brewers Biotechnology Capital Markets Consumer Electronics Copper Credit Services Education & Training Services Grocery Stores Information Technology Services Leisure Oil & Gas Refining & Marketing

Keywords: Bank Banking Investment Banking Advertising Services Currency Investment Banking Services Investment Product Broadband Cloud Computing E-Commerce Financial Products Information And Communications Technology Internet Access Mining Nasdaq 100 Phone Services Securitization Telecommunications Telephone Services Account Management