DFEM vs. DBAW ETF Comparison

Comparison of Dimensional Emerging Markets Core Equity 2 ETF (DFEM) to db X-trackers MSCI All World ex US Hedged Equity Fund (DBAW)

DFEM

Dimensional Emerging Markets Core Equity 2 ETF

DFEM Description

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets, which may include frontier markets (emerging market countries in an earlier stage of development). As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in emerging markets equity investments that are defined in the prospectus as Approved Market securities.

Grade (RS Rating)

Last Trade

$26.58

Average Daily Volume

596,677

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

DBAW

db X-trackers MSCI All World ex US Hedged Equity Fund

DBAW Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI ACWI ex USA US Dollar Hedged Index. The fund, using a "passive" or indexing investment approach, attempts to approximate the investment performance of the underlying index. The underlying index is designed to provide exposure to equity securities in developed and emerging stock markets (excluding the United States), 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 is non-diversified.

Grade (RS Rating)

Last Trade

$34.37

Average Daily Volume

12,784

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFEM	DBAW
30 Days	-3.35%	-1.17%
60 Days	-2.10%	0.94%
90 Days	-1.52%	1.58%
12 Months	12.95%	18.22%

52 Overlapping Holdings

Symbol	Grade	Weight in DFEM	Weight in DBAW	Overlap
ABEV	F	0.03%	0.03%	0.03%
ASAI	F	0.01%	0.02%	0.01%
ASAI	F	0.02%	0.02%	0.02%
BABA	D	1.24%	0.59%	0.59%
BABA	D	0.02%	0.59%	0.02%
BAP	B	0.05%	0.04%	0.04%
BCH	F	0.0%	0.02%	0.0%
BCH	F	0.03%	0.02%	0.02%
BGNE	D	0.01%	0.03%	0.01%
BGNE	D	0.01%	0.03%	0.01%
BIDU	F	0.02%	0.09%	0.02%
BIDU	F	0.14%	0.09%	0.09%
BILI	D	0.09%	0.01%	0.01%
BRFS	D	0.05%	0.01%	0.01%
CHT	D	0.03%	0.05%	0.03%
CHT	D	0.02%	0.05%	0.02%
CSAN	F	0.0%	0.01%	0.0%
ERJ	B	0.14%	0.02%	0.02%
ERJ	B	0.14%	0.02%	0.02%
GGB	C	0.01%	0.02%	0.01%
GGB	C	0.07%	0.02%	0.02%
HDB	C	0.24%	0.29%	0.24%
HDB	C	0.25%	0.29%	0.25%
IBN	C	0.62%	0.26%	0.26%
IBN	C	0.15%	0.26%	0.15%
IQ	F	0.02%	0.0%	0.0%
KB	B	0.38%	0.09%	0.09%
KB	B	0.01%	0.09%	0.01%
KEP	B	0.02%	0.02%	0.02%
KEP	B	0.01%	0.02%	0.01%
LI	F	0.0%	0.05%	0.0%
LI	F	0.07%	0.05%	0.05%
LPL	F	0.05%	0.01%	0.01%
LPL	F	0.0%	0.01%	0.0%
NIO	F	0.01%	0.02%	0.01%
PDD	F	0.46%	0.27%	0.27%
SBSW	D	0.07%	0.01%	0.01%
SHG	D	0.19%	0.06%	0.06%
SHG	D	0.05%	0.06%	0.05%
SKM	D	0.02%	0.0%	0.0%
SKM	D	0.02%	0.0%	0.0%
TCOM	B	0.19%	0.11%	0.11%
TCOM	B	0.01%	0.11%	0.01%
TME	D	0.05%	0.03%	0.03%
UMC	F	0.14%	0.06%	0.06%
UMC	F	0.04%	0.06%	0.04%
VALE	F	0.31%	0.11%	0.11%
VIPS	F	0.14%	0.02%	0.02%
WIT	A	0.06%	0.03%	0.03%
WIT	A	0.01%	0.03%	0.01%
XPEV	C	0.13%	0.03%	0.03%
YUMC	C	0.2%	0.07%	0.07%

DFEM Overweight 48 Positions Relative to DBAW

Symbol	Grade	Weight
INFY	B	0.32%
GFI	D	0.13%
RDY	F	0.11%
GDS	C	0.1%
CX	D	0.09%
PAC	B	0.08%
HMY	D	0.07%
ASR	D	0.05%
CAR	C	0.05%
NTES	D	0.04%
SGRP	D	0.03%
JKS	F	0.03%
PBR	C	0.03%
VIST	A	0.03%
BBD	D	0.02%
PKX	F	0.02%
SQM	F	0.02%
CIB	B	0.02%
OMAB	D	0.02%
FMX	F	0.02%
KOF	F	0.02%
CIG	C	0.01%
PHI	D	0.01%
ITUB	F	0.01%
SHPH	F	0.01%
ASX	D	0.01%
BSAC	F	0.01%
AKO.A	F	0.01%
IMOS	F	0.01%
WF	C	0.01%
VIV	F	0.01%
SBS	B	0.01%
ENIC	D	0.0%
BAOS	F	0.0%
LGHT	D	0.0%
ELP	F	0.0%
SLDB	F	0.0%
MGNX	F	0.0%
UGP	F	0.0%
PDSB	F	0.0%
CCU	D	0.0%
SUZ	C	0.0%
BZUN	F	0.0%
BAK	F	0.0%
ZTO	F	0.0%
EBR	F	0.0%
ZLAB	C	0.0%
VNET	B	0.0%

DFEM Underweight 53 Positions Relative to DBAW

Symbol	Grade	Weight
NVS	D	-0.71%
TM	D	-0.62%
HSBH	B	-0.58%
UL	D	-0.5%
MUFG	B	-0.46%
SHOP	B	-0.46%
SONY	B	-0.41%
TD	F	-0.34%
SMFG	B	-0.31%
ABBV	D	-0.31%
DEO	F	-0.23%
MFG	B	-0.21%
CNI	D	-0.2%
BCS	C	-0.17%
LYG	F	-0.15%
HMC	F	-0.14%
NU	C	-0.14%
SE	B	-0.13%
E	F	-0.12%
STLA	F	-0.1%
GOLD	D	-0.1%
AER	B	-0.07%
RBA	A	-0.06%
TEVA	D	-0.06%
NMR	B	-0.06%
CYBR	B	-0.05%
CHKP	D	-0.05%
XRX	F	-0.05%
CCEP	C	-0.05%
LOGI	D	-0.04%
BEKE	D	-0.04%
OTEX	D	-0.03%
HTHT	D	-0.03%
SCCO	F	-0.03%
WIX	B	-0.03%
GRAB	B	-0.03%
QGEN	D	-0.03%
MNDY	C	-0.03%
FUTU	D	-0.02%
XP	F	-0.02%
AGCO	D	-0.02%
WFG	D	-0.02%
DOOO	F	-0.01%
ATHM	D	-0.01%
STNE	F	-0.01%
BVN	F	-0.01%
QFIN	B	-0.01%
LEGN	F	-0.01%
TAL	F	-0.01%
BZ	F	-0.01%
MBAVU	D	-0.01%
GLBE	B	-0.01%
PAGS	F	-0.0%