DFSE vs. QEMM ETF Comparison

Comparison of Dimensional Emerging Markets Sustainability Core 1 ETF (DFSE) to SPDR MSCI Emerging Markets Quality Mix ETF (QEMM)

DFSE

Dimensional Emerging Markets Sustainability Core 1 ETF

DFSE Description

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets. The Portfolio invests in companies of all sizes, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies as compared to their representation in the Emerging Markets Universe, while adjusting the composition of the Portfolio based on sustainability impact considerations.

Grade (RS Rating)

Last Trade

$33.51

Average Daily Volume

26,202

Number of Holdings ^*

89

* may have additional holdings in another (foreign) market

QEMM

SPDR MSCI Emerging Markets Quality Mix ETF

QEMM Description

The investment seeks to track the performance of the MSCI Emerging Markets (EM) Quality Mix Index. The index captures large- and mid-cap representation across 23 emerging markets countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.55

Average Daily Volume

1,920

Number of Holdings ^*

59

* may have additional holdings in another (foreign) market

Performance

Period	DFSE	QEMM
30 Days	-4.22%	-3.65%
60 Days	-1.41%	-1.79%
90 Days	-1.38%	-1.91%
12 Months	12.43%	11.31%

61 Overlapping Holdings

	Symbol	Grade	Weight in DFSE	Weight in QEMM	Overlap
	ABEV	F	0.05%	0.02%	0.02%
	ABEV	F	0.05%	0.28%	0.05%
	ASAI	F	0.07%	0.02%	0.02%
	ASAI	F	0.03%	0.02%	0.02%
	BABA	D	0.08%	0.69%	0.08%
	BABA	D	1.33%	0.69%	0.69%
	BABA	D	0.08%	0.04%	0.04%
	BABA	D	1.33%	0.04%	0.04%
	BAP	A	0.09%	0.25%	0.09%
	BCH	C	0.04%	0.01%	0.01%
	BCH	C	0.01%	0.01%	0.01%
	BGNE	D	0.05%	0.01%	0.01%
	BGNE	D	0.04%	0.01%	0.01%
	BIDU	F	0.16%	0.09%	0.09%
	BIDU	F	0.06%	0.09%	0.06%
	BSAC	C	0.02%	0.01%	0.01%
	CIB	B	0.04%	0.01%	0.01%
	CIG	C	0.02%	0.01%	0.01%
	CSAN	F	0.01%	0.02%	0.01%
	CSAN	F	0.0%	0.02%	0.0%
	ENIC	B	0.0%	0.0%	0.0%
	GGB	C	0.04%	0.05%	0.04%
	GGB	C	0.0%	0.05%	0.0%
	HDB	C	0.22%	0.25%	0.22%
	HDB	C	0.18%	0.25%	0.18%
	IBN	C	0.62%	0.15%	0.15%
	IBN	C	0.62%	0.14%	0.14%
	IBN	C	0.14%	0.14%	0.14%
	IBN	C	0.14%	0.15%	0.14%
	INFY	C	0.51%	1.07%	0.51%
	IQ	F	0.02%	0.0%	0.0%
	ITUB	F	0.07%	0.15%	0.07%
	KB	B	0.06%	0.21%	0.06%
	KB	B	0.06%	0.09%	0.06%
	KB	B	0.25%	0.09%	0.09%
	KB	B	0.25%	0.21%	0.21%
	LI	F	0.09%	0.02%	0.02%
	NIO	F	0.06%	0.0%	0.0%
	PDD	F	0.78%	1.32%	0.78%
	RDY	F	0.05%	0.17%	0.05%
	SBS	B	0.01%	0.03%	0.01%
	SBSW	D	0.0%	0.04%	0.0%
	SBSW	D	0.04%	0.04%	0.04%
	SHG	C	0.25%	0.22%	0.22%
	SHG	C	0.25%	0.03%	0.03%
	SHG	C	0.04%	0.22%	0.04%
	SHG	C	0.04%	0.03%	0.03%
	SKM	C	0.02%	0.18%	0.02%
	SKM	C	0.01%	0.18%	0.01%
	SQM	D	0.06%	0.01%	0.01%
	SUZ	B	0.02%	0.03%	0.02%
	TCOM	B	0.11%	0.06%	0.06%
	TCOM	B	0.37%	0.06%	0.06%
	TME	D	0.13%	0.02%	0.02%
	UGP	F	0.05%	0.02%	0.02%
	VIPS	F	0.2%	0.17%	0.17%
	VIV	F	0.04%	0.01%	0.01%
	WIT	B	0.02%	0.25%	0.02%
	WIT	B	0.12%	0.25%	0.12%
	XPEV	C	0.14%	0.01%	0.01%
	YUMC	C	0.07%	0.09%	0.07%

DFSE Overweight 37 Positions Relative to QEMM

	Symbol	Grade	Weight
	NTES	D	0.16%
	ERJ	A	0.14%
	GFI	D	0.14%
	PAC	B	0.13%
	ASR	D	0.1%
	BILI	D	0.09%
	FMX	F	0.07%
	KOF	F	0.05%
	BBD	D	0.05%
	SGRP	D	0.03%
	OMAB	D	0.03%
	ASX	D	0.02%
	AKO.A	F	0.02%
	ERJ	A	0.02%
	WF	C	0.02%
	EBR	F	0.01%
	CCU	D	0.01%
	BZ	F	0.01%
	SHPH	F	0.01%
	IFS	A	0.01%
	SLDB	F	0.01%
	BSBR	F	0.01%
	TLK	D	0.01%
	AKO.A	F	0.01%
	ELP	F	0.01%
	IAC	F	0.0%
	CGA	D	0.0%
	AVAL	C	0.0%
	MGNX	F	0.0%
	NIU	F	0.0%
	KC	B	0.0%
	JEWL	D	0.0%
	BAOS	F	0.0%
	DRD	D	0.0%
	ZTO	F	0.0%
	PDSB	F	0.0%
	BZUN	F	0.0%

DFSE Underweight 17 Positions Relative to QEMM

	Symbol	Grade	Weight
	VALE	F	-1.15%
	CHT	C	-0.49%
	SCCO	F	-0.25%
	PBR	D	-0.16%
	QFIN	A	-0.12%
	UMC	F	-0.1%
	BVN	D	-0.1%
	KEP	B	-0.09%
	PKX	D	-0.08%
	KEP	B	-0.06%
	LEGN	D	-0.05%
	VALE	F	-0.03%
	SID	F	-0.02%
	BEKE	D	-0.02%
	LPL	D	-0.02%
	ATHM	C	-0.01%
	LPL	D	-0.01%

DFSE: Top Represented Industries & Keywords

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

Keywords: Bank Banking Investment Banking Currency Financial Products Advertising Services Commercial Banking Deposit Products Drink Investment Banking Services Securitization Beer Broadband Cancer Cash Management Cola Collection Services Distribution Network E-Commerce Factoring

QEMM: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Banks - Regional - Asia Internet Content & Information Auto Manufacturers Specialty Retail Steel Telecom Services Biotechnology Industrial Metals & Minerals Information Technology Services Oil & Gas Refining & Marketing Utilities - Regulated Electric Beverages - Brewers Chemicals Consumer Electronics Copper Credit Services Drug Manufacturers - Specialty & Generic Gold Grocery Stores

Keywords: Bank Banking Currency Investment Banking Financial Products Investment Banking Services Natural Gas Advertising Services Cash Management Factoring Investment Product Securitization Telecommunications Broadband Cloud Computing Commercial Banking Demand Deposit Distribution Network Electric Vehicle Electricity