CWI vs. VEA ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to Vanguard FTSE Developed Markets ETF (VEA)

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 ^*

* may have additional holdings in another (foreign) market

VEA

Vanguard FTSE Developed Markets ETF

VEA Description

The investment seeks to provide a tax-efficient investment return consisting of long-term capital appreciation. The fund purchases stocks included in the FTSE Developed ex North America Index, which includes approximately 1,385 common stocks of companies located in developed countries of Europe, Australia, Asia, and the Far East. It uses statistical methods to "sample" the index, aiming to closely track its investment performance while limiting investments in Index securities that have undesirable tax characteristics in an attempt to minimize taxable income distributions.

Grade (RS Rating)

Last Trade

$49.50

Average Daily Volume

8,998,409

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWI	VEA
30 Days	-2.14%	-1.96%
60 Days	-3.35%	-5.10%
90 Days	-3.13%	-5.18%
12 Months	14.07%	11.93%

29 Overlapping Holdings

Symbol	Grade	Weight in CWI	Weight in VEA	Overlap
ABBV	D	0.45%	0.38%	0.38%
AGCO	D	0.04%	0.02%	0.02%
BCS	C	0.21%	0.19%	0.19%
CNI	D	0.32%	0.26%	0.26%
DEO	F	0.27%	0.3%	0.27%
E	F	0.15%	0.15%	0.15%
HMC	F	0.16%	0.21%	0.16%
HSBH	B	0.66%	0.73%	0.66%
KB	B	0.11%	0.09%	0.09%
KEP	B	0.02%	0.02%	0.02%
LOGI	D	0.03%	0.05%	0.03%
LYG	F	0.16%	0.18%	0.16%
MBAVU	D	0.01%	0.02%	0.01%
MFG	B	0.15%	0.23%	0.15%
MUFG	B	0.51%	0.52%	0.51%
NMR	B	0.07%	0.06%	0.06%
NVS	D	0.81%	0.96%	0.81%
OTEX	D	0.03%	0.03%	0.03%
QGEN	D	0.0%	0.04%	0.0%
RBA	A	0.04%	0.07%	0.04%
SHG	D	0.09%	0.08%	0.08%
SHOP	B	0.52%	0.41%	0.41%
SMFG	B	0.27%	0.34%	0.27%
SONY	B	0.47%	0.46%	0.46%
STLA	F	0.1%	0.12%	0.1%
TD	F	0.44%	0.42%	0.42%
TM	D	0.68%	0.88%	0.68%
UL	D	0.54%	0.65%	0.54%
XRX	F	0.05%	0.06%	0.05%

CWI Overweight 60 Positions Relative to VEA

Symbol	Grade	Weight
TSM	B	3.02%
BABA	D	0.6%
INFY	B	0.33%
PDD	F	0.28%
IBN	C	0.27%
HDB	C	0.25%
ITUB	F	0.15%
SE	B	0.14%
TCOM	B	0.13%
VALE	F	0.13%
CHT	D	0.11%
BIDU	F	0.1%
UMC	F	0.1%
BABA	D	0.09%
BAP	B	0.08%
RDY	F	0.08%
YUMC	C	0.07%
BBD	D	0.07%
TEVA	D	0.07%
ABEV	F	0.06%
PKX	F	0.06%
CHKP	D	0.06%
CIB	B	0.05%
LI	F	0.05%
BEKE	D	0.05%
WIT	A	0.04%
CIG	C	0.04%
WIX	B	0.04%
ENIC	D	0.04%
BGNE	D	0.04%
MT	B	0.04%
CYBR	B	0.04%
GGB	C	0.03%
HTHT	D	0.03%
NIO	F	0.03%
CSAN	F	0.03%
SQM	F	0.03%
VIPS	F	0.03%
GRAB	B	0.03%
AER	B	0.03%
MNDY	C	0.03%
TME	D	0.03%
XPEV	C	0.02%
LEGN	F	0.02%
QFIN	B	0.02%
XPEV	C	0.02%
BRFS	D	0.02%
FUTU	D	0.02%
TAL	F	0.02%
PHI	D	0.02%
BILI	D	0.02%
IQ	F	0.01%
VALE	F	0.01%
ATHM	D	0.01%
GLBE	B	0.01%
SBSW	D	0.01%
BVN	F	0.01%
BZ	F	0.01%
SID	F	0.01%
SCCO	F	0.0%

CWI Underweight 32 Positions Relative to VEA

Symbol	Grade	Weight
WCN	A	-0.2%
FLUT	A	-0.18%
GOLD	D	-0.15%
SW	A	-0.11%
WFG	D	-0.03%
PRMW	C	-0.02%
AEI	D	-0.02%
GOGL	F	-0.01%
DOOO	F	-0.01%
LSPD	C	-0.01%
LPL	F	-0.01%
FRO	F	-0.01%
TAC	B	-0.01%
LIF	D	-0.01%
GEN	B	-0.0%
CALX	D	-0.0%
CTS	C	-0.0%
SLDB	F	-0.0%
VGR	D	-0.0%
GCBC	C	-0.0%
AUDC	D	-0.0%
VMAR	F	-0.0%
CHGX	A	-0.0%
RENB	F	-0.0%
IONR	D	-0.0%
SSBI	F	-0.0%
MNTX	C	-0.0%
FLNG	B	-0.0%
ELBM	F	-0.0%
TRMD	F	-0.0%
PIXY	F	-0.0%
SPNS	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

VEA: Top Represented Industries & Keywords

Industries: Software - Application Banks - Global Auto Manufacturers Banks - Regional - Asia Shipping & Ports Communication Equipment Consumer Electronics Drug Manufacturers - Major Other Industrial Metals & Mining Banks - Regional - Europe Banks - Regional - US Beverages - Soft Drinks Beverages - Wineries & Distilleries Biotechnology Business Services Capital Markets Computer Systems Diagnostics & Research Diversified Industrials Drug Manufacturers - Specialty & Generic