DFEM vs. PXF ETF Comparison

Comparison of Dimensional Emerging Markets Core Equity 2 ETF (DFEM) to PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio (PXF)

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

594,183

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

PXF

PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio

PXF Description

The PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio (Fund) is based on the FTSE RAFI Developed Markets ex-U.S. Index ND (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of the largest developed market equities (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$48.84

Average Daily Volume

57,265

Number of Holdings ^*

32

* may have additional holdings in another (foreign) market

Performance

Period	DFEM	PXF
30 Days	-3.87%	-2.88%
60 Days	-1.41%	-4.88%
90 Days	-1.52%	-4.63%
12 Months	12.95%	12.34%

8 Overlapping Holdings

	Symbol	Grade	Weight in DFEM	Weight in PXF	Overlap
	KB	B	0.01%	0.12%	0.01%
	KB	B	0.38%	0.12%	0.12%
	KEP	B	0.02%	0.03%	0.02%
	KEP	B	0.01%	0.03%	0.01%
	LPL	D	0.0%	0.02%	0.0%
	LPL	D	0.05%	0.02%	0.02%
	SHG	C	0.19%	0.06%	0.06%
	SHG	C	0.05%	0.06%	0.05%

DFEM Overweight 92 Positions Relative to PXF

	Symbol	Grade	Weight
	BABA	D	1.24%
	IBN	C	0.62%
	PDD	F	0.46%
	INFY	C	0.32%
	VALE	F	0.31%
	HDB	C	0.25%
	HDB	C	0.24%
	YUMC	C	0.2%
	TCOM	B	0.19%
	IBN	C	0.15%
	ERJ	A	0.14%
	BIDU	F	0.14%
	VIPS	F	0.14%
	ERJ	A	0.14%
	UMC	F	0.14%
	XPEV	C	0.13%
	GFI	D	0.13%
	RDY	F	0.11%
	GDS	C	0.1%
	BILI	D	0.09%
	CX	F	0.09%
	PAC	B	0.08%
	SBSW	D	0.07%
	LI	F	0.07%
	HMY	D	0.07%
	GGB	C	0.07%
	WIT	B	0.06%
	TME	D	0.05%
	ASR	D	0.05%
	CAR	C	0.05%
	BAP	A	0.05%
	BRFS	C	0.05%
	NTES	D	0.04%
	UMC	F	0.04%
	SGRP	D	0.03%
	JKS	F	0.03%
	PBR	D	0.03%
	ABEV	F	0.03%
	VIST	B	0.03%
	BCH	C	0.03%
	CHT	C	0.03%
	BBD	D	0.02%
	SKM	C	0.02%
	IQ	F	0.02%
	BIDU	F	0.02%
	BABA	D	0.02%
	SKM	C	0.02%
	PKX	D	0.02%
	CHT	C	0.02%
	SQM	D	0.02%
	CIB	B	0.02%
	ASAI	F	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	C	0.01%
	NIO	F	0.01%
	AKO.A	F	0.01%
	IMOS	F	0.01%
	WF	C	0.01%
	WIT	B	0.01%
	BGNE	D	0.01%
	VIV	F	0.01%
	GGB	C	0.01%
	SBS	B	0.01%
	ASAI	F	0.01%
	BGNE	D	0.01%
	TCOM	B	0.01%
	ENIC	B	0.0%
	BAOS	F	0.0%
	LGHT	D	0.0%
	ELP	F	0.0%
	SLDB	F	0.0%
	BCH	C	0.0%
	MGNX	F	0.0%
	UGP	F	0.0%
	PDSB	F	0.0%
	CCU	D	0.0%
	LI	F	0.0%
	SUZ	B	0.0%
	BZUN	F	0.0%
	BAK	F	0.0%
	CSAN	F	0.0%
	ZTO	F	0.0%
	EBR	F	0.0%
	ZLAB	C	0.0%
	VNET	B	0.0%

DFEM Underweight 28 Positions Relative to PXF

	Symbol	Grade	Weight
	HSBH	B	-1.0%
	TM	F	-1.0%
	MUFG	B	-0.88%
	BCS	A	-0.8%
	NVS	F	-0.73%
	SMFG	B	-0.72%
	UL	D	-0.69%
	TD	D	-0.66%
	SONY	B	-0.52%
	MFG	A	-0.51%
	E	F	-0.45%
	HMC	F	-0.32%
	LYG	D	-0.29%
	STLA	F	-0.27%
	ABBV	F	-0.23%
	GOLD	C	-0.2%
	DEO	F	-0.2%
	CNI	F	-0.16%
	NMR	B	-0.15%
	SW	A	-0.09%
	WFG	C	-0.07%
	WCN	A	-0.07%
	AGCO	D	-0.06%
	FLUT	A	-0.06%
	SHOP	B	-0.05%
	OTEX	F	-0.03%
	LOGI	D	-0.02%
	QGEN	D	-0.02%

DFEM: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Banks - Regional - Asia Internet Content & Information Biotechnology Specialty Retail Telecom Services Airports & Air Services Auto Manufacturers Beverages - Brewers Drug Manufacturers - Specialty & Generic Gold Information Technology Services Semiconductors Utilities - Regulated Electric Chemicals Oil & Gas Refining & Marketing Steel Utilities - Diversified Advertising Agencies Aerospace & Defense

Keywords: Bank Banking Investment Banking Currency Financial Products Advertising Services Broadband Drink Internet Access Investment Banking Services Natural Gas Securitization Telecommunications Beer Cancer Cash Management Cola Deposit Products Distribution Network E-Commerce

PXF: Top Represented Industries & Keywords

Industries: Banks - Global Auto Manufacturers Banks - Regional - Asia Consumer Electronics Drug Manufacturers - Major Software - Application Banks - Regional - Europe Beverages - Wineries & Distilleries Capital Markets Computer Systems Diagnostics & Research Farm & Construction Equipment Gambling Gold Household & Personal Products Lumber & Wood Production Oil & Gas Integrated Packaging & Containers Railroads Utilities - Regulated Electric

Keywords: Bank Banking Investment Banking Financial Products Investment Banking Services Asset Management Commercial Banking Corporate Banking Insurance Products Investment Bank Structured Finance Advisory Services Asset Management Services Cars Fax Financial Advisory Services Investment Product Project Finance Securitization Syndicated Loan