DBEF vs. VEU ETF Comparison

Comparison of db-X trackers MSCI EAFE Hedged Equity Fund (DBEF) to Vanguard FTSE All World Ex US ETF (VEU)

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

$41.65

Average Daily Volume

565,630

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VEU

Vanguard FTSE All World Ex US ETF

VEU Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States. The fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index, a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international markets. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$62.06

Average Daily Volume

1,991,945

Number of Holdings ^*

109

* may have additional holdings in another (foreign) market

Performance

Period	DBEF	VEU
30 Days	1.68%	2.17%
60 Days	0.34%	4.30%
90 Days	1.26%	6.25%
12 Months	17.54%	19.60%

20 Overlapping Holdings

Symbol	Grade	Weight in DBEF	Weight in VEU	Overlap
ABBV	C	0.5%	0.3%	0.3%
AGCO	D	0.03%	0.02%	0.02%
BCS	B	0.24%	0.16%	0.16%
DEO	C	0.42%	0.24%	0.24%
E	C	0.2%	0.12%	0.12%
HMC	D	0.27%	0.18%	0.18%
LOGI	D	0.07%	0.05%	0.05%
LYG	B	0.27%	0.17%	0.17%
MBAVU	C	0.02%	0.01%	0.01%
MFG	D	0.27%	0.2%	0.2%
MUFG	D	0.65%	0.43%	0.43%
NMR	D	0.09%	0.06%	0.06%
NVS	C	1.3%	0.79%	0.79%
QGEN	C	0.06%	0.03%	0.03%
SMFG	D	0.45%	0.31%	0.31%
SONY	C	0.66%	0.37%	0.37%
STLA	F	0.18%	0.12%	0.12%
TM	F	1.04%	0.79%	0.79%
UL	C	0.92%	0.53%	0.53%
XRX	D	0.08%	0.05%	0.05%

DBEF Overweight 11 Positions Relative to VEU

Symbol	Grade	Weight
SE	B	0.17%
TEVA	C	0.11%
CHKP	B	0.1%
CCEP	B	0.1%
AER	B	0.1%
CYBR	D	0.07%
WIX	D	0.05%
MNDY	B	0.05%
GRAB	C	0.04%
FUTU	D	0.02%
GLBE	C	0.02%

DBEF Underweight 89 Positions Relative to VEU

Symbol	Grade	Weight
BABA	B	-0.58%
HDB	C	-0.38%
TD	B	-0.36%
PDD	F	-0.32%
SHOP	C	-0.26%
CNI	D	-0.23%
WCN	D	-0.16%
IBN	B	-0.16%
INFY	C	-0.13%
VALE	D	-0.12%
FLUT	B	-0.12%
GOLD	C	-0.11%
BIDU	D	-0.09%
TCOM	C	-0.08%
SW	B	-0.08%
ITUB	C	-0.06%
SHG	C	-0.05%
PKX	D	-0.04%
LI	D	-0.04%
KB	D	-0.04%
KB	D	-0.04%
YUMC	D	-0.04%
PBR	D	-0.03%
ASAI	F	-0.03%
CHT	B	-0.03%
BGNE	C	-0.03%
SHG	C	-0.03%
BEKE	D	-0.03%
TME	F	-0.03%
VALE	D	-0.03%
UMC	C	-0.03%
UMC	C	-0.03%
BZ	F	-0.02%
CX	D	-0.02%
VIPS	D	-0.02%
AEI	D	-0.02%
YMM	D	-0.02%
WIT	C	-0.02%
BCH	C	-0.02%
XPEV	C	-0.02%
ABEV	D	-0.02%
ERJ	C	-0.02%
NIO	C	-0.02%
TSM	C	-0.02%
CHT	B	-0.02%
BBD	C	-0.02%
ATHM	C	-0.01%
RLX	F	-0.01%
IQ	F	-0.01%
GGB	D	-0.01%
SQM	D	-0.01%
QFIN	B	-0.01%
BSAC	C	-0.01%
GGB	D	-0.01%
BRFS	C	-0.01%
LPL	F	-0.01%
KEP	C	-0.01%
CSAN	F	-0.01%
RDY	D	-0.01%
SBSW	D	-0.01%
ABEV	D	-0.01%
CIB	D	-0.01%
WIT	C	-0.01%
TAL	F	-0.01%
BILI	C	-0.01%
JEWL	D	-0.0%
ASX	D	-0.0%
ATHM	C	-0.0%
DADA	D	-0.0%
BAK	D	-0.0%
TUYA	D	-0.0%
ENIC	D	-0.0%
ASAI	F	-0.0%
WB	D	-0.0%
SID	D	-0.0%
ELBM	C	-0.0%
TAK	C	-0.0%
TS	D	-0.0%
PIXY	F	-0.0%
VIV	C	-0.0%
MNTX	D	-0.0%
ELP	C	-0.0%
DQ	D	-0.0%
CIG	B	-0.0%
YY	C	-0.0%
GDS	B	-0.0%
EC	F	-0.0%
KEP	C	-0.0%
AKO.A	D	-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