DFEM vs. VSS ETF Comparison

Comparison of Dimensional Emerging Markets Core Equity 2 ETF (DFEM) to Vanguard FTSE All-Wld ex-US SmCp Idx ETF (VSS)

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

$28.71

Average Daily Volume

634,033

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

VSS

Vanguard FTSE All-Wld ex-US SmCp Idx ETF

VSS Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of international small-cap companies. The fund employs an indexing investment approach designed to track the performance of the FTSE Global Small Cap ex US Index, a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international small-capitalization stocks. The index includes approximately 3,050 stocks of companies located in 46 countries, including both developed and emerging markets.

Grade (RS Rating)

Last Trade

$125.49

Average Daily Volume

205,168

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFEM	VSS
30 Days	7.00%	2.43%
60 Days	11.02%	7.84%
90 Days	6.80%	5.70%
12 Months	28.12%	25.37%

8 Overlapping Holdings

Symbol	Grade	Weight in DFEM	Weight in VSS	Overlap
BAOS	D	0.0%	0.0%	0.0%
CAR	D	0.05%	0.06%	0.05%
GRIN	A	0.02%	0.0%	0.0%
IMOS	D	0.02%	0.02%	0.02%
JKS	B	0.02%	0.02%	0.02%
SGRP	B	0.03%	0.04%	0.03%
SLDB	F	0.0%	0.01%	0.0%
VNET	B	0.0%	0.01%	0.0%

DFEM Overweight 93 Positions Relative to VSS

Symbol	Grade	Weight
BABA	A	1.04%
IBN	C	0.63%
VALE	B	0.4%
PDD	B	0.39%
KB	D	0.37%
INFY	D	0.31%
HDB	C	0.25%
SHG	C	0.22%
HDB	C	0.19%
UMC	D	0.17%
IBN	C	0.16%
BIDU	B	0.16%
TCOM	A	0.15%
GFI	B	0.14%
YUMC	B	0.14%
ERJ	C	0.13%
VIPS	B	0.12%
RDY	D	0.12%
ERJ	C	0.12%
CX	D	0.11%
XPEV	B	0.09%
PAC	C	0.08%
GDS	B	0.08%
HMY	B	0.08%
LI	C	0.07%
BILI	B	0.07%
GGB	B	0.07%
SBSW	D	0.07%
BRFS	C	0.06%
WIT	C	0.06%
BAP	B	0.05%
ASR	D	0.05%
SHG	C	0.05%
LPL	D	0.05%
CHT	C	0.04%
UMC	D	0.04%
ASAI	F	0.03%
ASAI	F	0.03%
VIST	D	0.03%
FMX	F	0.03%
PBR	D	0.03%
OMAB	D	0.03%
KOF	D	0.03%
ABEV	B	0.03%
PKX	D	0.03%
BCH	D	0.03%
BBD	B	0.02%
KEP	D	0.02%
SKM	C	0.02%
BABA	A	0.02%
CHT	C	0.02%
SKM	C	0.02%
NTES	B	0.02%
CIB	D	0.02%
TME	B	0.02%
ITUB	C	0.01%
WF	C	0.01%
SQM	D	0.01%
SHPH	F	0.01%
PHI	B	0.01%
BSAC	D	0.01%
AKO.A	D	0.01%
WIT	C	0.01%
CSAN	D	0.01%
TCOM	A	0.01%
BGNE	B	0.01%
GGB	B	0.01%
VIV	B	0.01%
KB	D	0.01%
KEP	D	0.01%
BIDU	B	0.01%
BGNE	B	0.01%
SBS	D	0.01%
ASX	D	0.0%
ENIC	D	0.0%
LGHT	B	0.0%
ELP	F	0.0%
LPL	D	0.0%
CSAN	D	0.0%
BCH	D	0.0%
PDSB	C	0.0%
CCU	D	0.0%
NIO	B	0.0%
LI	C	0.0%
UGP	F	0.0%
MGNX	F	0.0%
SUZ	D	0.0%
IQ	D	0.0%
ZLAB	B	0.0%
BZUN	A	0.0%
CIG	B	0.0%
ZTO	A	0.0%
EBR	D	0.0%

DFEM Underweight 38 Positions Relative to VSS

Symbol	Grade	Weight
RBA	D	-0.48%
OTEX	D	-0.26%
WFG	A	-0.2%
FRO	D	-0.11%
PRMW	C	-0.11%
IAG	C	-0.09%
LIF	B	-0.08%
TAC	A	-0.08%
DOOO	F	-0.07%
HAFN	B	-0.06%
GOGL	B	-0.05%
LSPD	B	-0.05%
TRMD	D	-0.04%
FLNG	C	-0.03%
MOMO	B	-0.03%
ATAT	A	-0.03%
SPNS	C	-0.03%
SSBI	F	-0.02%
EH	C	-0.02%
CSIQ	D	-0.02%
FINV	A	-0.02%
VGR	B	-0.01%
IONR	C	-0.01%
GCBC	F	-0.01%
UBSI	D	-0.01%
AZUL	F	-0.01%
DDL	A	-0.01%
AUDC	F	-0.01%
VMAR	F	-0.01%
SOHU	A	-0.01%
CHGX	B	-0.01%
RENB	F	-0.01%
GOTU	D	-0.01%
CALX	C	-0.0%
HUYA	B	-0.0%
CTS	B	-0.0%
DAO	A	-0.0%
CAN	D	-0.0%