DBEF vs. IEFA ETF Comparison

Comparison of db-X trackers MSCI EAFE Hedged Equity Fund (DBEF) to iShares Core MSCI EAFE ETF (IEFA)

DBEF

db-X trackers MSCI EAFE Hedged Equity Fund

DBEF Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EAFE US Dollar Hedged Index (the "underlying index"). The index is designed to provide exposure to equity securities in developed international stock markets, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies. The fund invests at least 80% of its net assets in equity securities of issuers from Europe, Australia and the Far East and in instruments designed to hedge the fund's exposure to non-U.S. currencies. It is non-diversified.

Grade (RS Rating)

Last Trade

$41.72

Average Daily Volume

474,654

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IEFA

iShares Core MSCI EAFE ETF

IEFA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFEÂ® Investable Market Index (the "underlying index"). The fund generally invests at least 80% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index has been developed by MSCI Inc. ("MSCI") as an equity benchmark for its international stock performance. The underlying index is designed to measure large-, mid- and small-capitalization equity market performance and includes stocks from Europe, Australasia and the Far East.

Grade (RS Rating)

Last Trade

$72.21

Average Daily Volume

7,314,801

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DBEF	IEFA
30 Days	-1.12%	-4.08%
60 Days	0.19%	-6.17%
90 Days	-0.29%	-6.61%
12 Months	16.13%	10.63%

9 Overlapping Holdings

Symbol	Grade	Weight in DBEF	Weight in IEFA	Overlap
AGCO	D	0.03%	0.03%	0.03%
HMC	F	0.23%	0.21%	0.21%
MBAVU	C	0.02%	0.02%	0.02%
MFG	A	0.34%	0.31%	0.31%
MUFG	B	0.76%	0.69%	0.69%
NMR	B	0.1%	0.09%	0.09%
SMFG	B	0.52%	0.46%	0.46%
SONY	B	0.68%	0.61%	0.61%
TM	F	1.05%	0.95%	0.95%

DBEF Overweight 23 Positions Relative to IEFA

Symbol	Grade	Weight
NVS	F	1.18%
HSBH	B	0.97%
UL	D	0.83%
ABBV	F	0.52%
DEO	F	0.38%
BCS	A	0.28%
LYG	D	0.26%
SE	A	0.22%
E	F	0.2%
STLA	F	0.16%
TEVA	C	0.11%
AER	A	0.11%
XRX	F	0.1%
CCEP	C	0.09%
CHKP	C	0.09%
LOGI	D	0.07%
CYBR	A	0.07%
MNDY	C	0.06%
GRAB	A	0.06%
WIX	A	0.05%
QGEN	D	0.05%
FUTU	D	0.03%
GLBE	B	0.02%

DBEF Underweight 5 Positions Relative to IEFA

Symbol	Grade	Weight
MNTX	B	-0.01%
PIXY	F	-0.01%
RENB	F	-0.0%
GCBC	C	-0.0%
CHGX	A	-0.0%

DBEF: Top Represented Industries & Keywords

Industries: Auto Manufacturers Banks - Global Software - Application Capital Markets Drug Manufacturers - Major Airports & Air Services Banks - Regional - Asia Banks - Regional - Europe Beverages - Soft Drinks Beverages - Wineries & Distilleries Computer Systems Consumer Electronics Diagnostics & Research Drug Manufacturers - Specialty & Generic Electronic Gaming & Multimedia Farm & Construction Equipment Household & Personal Products Information Technology Services Internet Content & Information Internet Retail