CWI vs. HFXI ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to IQ 50 Percent Hedged FTSE International ETF (HFXI)

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

$30.44

Average Daily Volume

157,216

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HFXI

IQ 50 Percent Hedged FTSE International ETF

HFXI Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the FTSE Developed ex North America 50% Hedged to USD Index (the "underlying index"). The underlying index is an equity benchmark of international stocks from developed markets, with approximately half of the currency exposure of the securities included in the underlying index "hedged" against the U.S. dollar on a monthly basis. The fund invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities and other instruments included in its underlying index.

Grade (RS Rating)

Last Trade

$27.53

Average Daily Volume

138,677

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWI	HFXI
30 Days	4.46%	2.23%
60 Days	12.12%	9.84%
90 Days	5.18%	1.37%
12 Months	28.07%	23.87%

23 Overlapping Holdings

Symbol	Grade	Weight in CWI	Weight in HFXI	Overlap
ABBV	C	0.44%	0.46%	0.44%
AGCO	D	0.04%	0.04%	0.04%
BCS	B	0.19%	0.24%	0.19%
DEO	C	0.3%	0.37%	0.3%
E	C	0.15%	0.21%	0.15%
HMC	D	0.19%	0.28%	0.19%
KB	D	0.1%	0.13%	0.1%
KEP	F	0.02%	0.03%	0.02%
LOGI	D	0.03%	0.08%	0.03%
LYG	C	0.17%	0.25%	0.17%
MBAVU	C	0.02%	0.03%	0.02%
MFG	B	0.12%	0.28%	0.12%
MUFG	D	0.42%	0.59%	0.42%
NMR	F	0.07%	0.1%	0.07%
NVS	D	0.84%	1.23%	0.84%
QGEN	F	0.0%	0.05%	0.0%
SHG	D	0.09%	0.14%	0.09%
SMFG	D	0.23%	0.44%	0.23%
SONY	C	0.46%	0.6%	0.46%
STLA	F	0.12%	0.18%	0.12%
TM	D	0.7%	1.15%	0.7%
UL	D	0.58%	0.81%	0.58%
XRX	D	0.04%	0.09%	0.04%

CWI Overweight 65 Positions Relative to HFXI

Symbol	Grade	Weight
TSM	B	2.82%
BABA	A	0.61%
TD	B	0.46%
SHOP	B	0.34%
INFY	B	0.32%
CNI	D	0.31%
PDD	B	0.3%
IBN	C	0.27%
HDB	D	0.25%
ITUB	D	0.16%
VALE	D	0.14%
UMC	D	0.12%
SE	B	0.12%
CHT	C	0.11%
TCOM	A	0.1%
BIDU	C	0.1%
BABA	A	0.09%
BBD	C	0.08%
PKX	D	0.08%
RDY	D	0.08%
CHKP	A	0.07%
TEVA	D	0.07%
BAP	A	0.07%
ABEV	B	0.06%
YUMC	B	0.06%
CIB	D	0.05%
BEKE	A	0.05%
LI	C	0.05%
OTEX	D	0.04%
TME	B	0.04%
WIX	D	0.04%
ENIC	D	0.04%
CIG	C	0.04%
CYBR	C	0.04%
BGNE	A	0.04%
MT	B	0.04%
AER	C	0.03%
SQM	D	0.03%
MNDY	B	0.03%
VIPS	B	0.03%
CSAN	D	0.03%
NIO	C	0.03%
RBA	D	0.03%
WIT	C	0.03%
BVN	D	0.02%
BZ	C	0.02%
FUTU	A	0.02%
LEGN	F	0.02%
BILI	B	0.02%
SID	D	0.02%
BRFS	D	0.02%
TAL	C	0.02%
GRAB	C	0.02%
PHI	B	0.02%
GGB	B	0.02%
HTHT	B	0.02%
IQ	D	0.01%
VALE	D	0.01%
GLBE	C	0.01%
ATHM	B	0.01%
SBSW	C	0.01%
XPEV	C	0.01%
XPEV	C	0.01%
QFIN	A	0.01%
SCCO	B	0.0%

CWI Underweight 5 Positions Relative to HFXI

Symbol	Grade	Weight
FLUT	B	-0.2%
SW	C	-0.14%
AEI	C	-0.04%
ELBM	C	-0.02%
LPL	D	-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

HFXI: Top Represented Industries & Keywords

Industries: Auto Manufacturers Banks - Global Banks - Regional - Asia Consumer Electronics Drug Manufacturers - Major Banks - Regional - Europe Beverages - Wineries & Distilleries Capital Markets Computer Systems Diagnostics & Research Farm & Construction Equipment Gambling Household & Personal Products Information Technology Services Oil & Gas Integrated Other Industrial Metals & Mining Packaging & Containers Real Estate - Development Utilities - Regulated Electric