FNDF vs. CWI ETF Comparison

Comparison of Schwab Fundamental International Large Company Index ETF (FNDF) to SPDR MSCI ACWI ex-US ETF (CWI)

FNDF

Schwab Fundamental International Large Company Index ETF

FNDF Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental Developed ex-U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index, including depositary receipts representing securities of the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$35.00

Average Daily Volume

763,474

Number of Holdings ^*

51

* may have additional holdings in another (foreign) market

CWI

SPDR MSCI ACWI ex-US ETF

CWI Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the MSCI All Country World Index ex USA. It invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in ADRs or GDRs based on securities comprising the index. The index is a float-adjusted market capitalization index that is designed to measure the combined equity market performance of developed and emerging market countries excluding the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.81

Average Daily Volume

158,951

Number of Holdings ^*

89

* may have additional holdings in another (foreign) market

Performance

Period	FNDF	CWI
30 Days	-1.88%	-2.14%
60 Days	-5.43%	-3.35%
90 Days	-5.38%	-3.13%
12 Months	10.56%	14.07%

28 Overlapping Holdings

	Symbol	Grade	Weight in FNDF	Weight in CWI	Overlap
	ABBV	D	0.22%	0.45%	0.22%
	AER	B	0.03%	0.03%	0.03%
	AGCO	D	0.09%	0.04%	0.04%
	BCS	C	0.42%	0.21%	0.21%
	CHKP	D	0.02%	0.06%	0.02%
	CNI	D	0.19%	0.32%	0.19%
	DEO	F	0.17%	0.27%	0.17%
	E	F	0.43%	0.15%	0.15%
	HMC	F	0.57%	0.16%	0.16%
	HSBH	B	0.79%	0.66%	0.66%
	KB	B	0.18%	0.11%	0.11%
	KEP	B	0.11%	0.02%	0.02%
	LOGI	D	0.04%	0.03%	0.03%
	LYG	F	0.34%	0.16%	0.16%
	MFG	B	0.27%	0.15%	0.15%
	MT	B	0.28%	0.04%	0.04%
	MUFG	B	0.48%	0.51%	0.48%
	NMR	B	0.08%	0.07%	0.07%
	NVS	D	0.59%	0.81%	0.59%
	OTEX	D	0.03%	0.03%	0.03%
	SHG	D	0.18%	0.09%	0.09%
	SMFG	B	0.39%	0.27%	0.27%
	SONY	B	0.48%	0.47%	0.47%
	STLA	F	0.35%	0.1%	0.1%
	TD	F	0.42%	0.44%	0.42%
	TEVA	D	0.02%	0.07%	0.02%
	TM	D	1.24%	0.68%	0.68%
	UL	D	0.56%	0.54%	0.54%

FNDF Overweight 23 Positions Relative to CWI

	Symbol	Grade	Weight
	MDT	D	0.23%
	GOLD	D	0.16%
	WFG	D	0.1%
	BNTX	D	0.09%
	ZIM	C	0.07%
	SW	A	0.07%
	WCN	A	0.07%
	TT	A	0.06%
	NXPI	D	0.06%
	LPL	F	0.06%
	FLUT	A	0.05%
	APTV	D	0.04%
	GRMN	B	0.03%
	LULU	C	0.03%
	KT	A	0.03%
	SKM	D	0.03%
	ALLE	D	0.02%
	ARM	D	0.02%
	PRGO	B	0.02%
	TIGO	D	0.02%
	CCEP	C	0.02%
	ALV	C	0.02%
	ICLR	D	0.01%

FNDF Underweight 61 Positions Relative to CWI

	Symbol	Grade	Weight
	TSM	B	-3.02%
	BABA	D	-0.6%
	SHOP	B	-0.52%
	INFY	B	-0.33%
	PDD	F	-0.28%
	IBN	C	-0.27%
	HDB	C	-0.25%
	ITUB	F	-0.15%
	SE	B	-0.14%
	TCOM	B	-0.13%
	VALE	F	-0.13%
	CHT	D	-0.11%
	BIDU	F	-0.1%
	UMC	F	-0.1%
	BABA	D	-0.09%
	BAP	B	-0.08%
	RDY	F	-0.08%
	YUMC	C	-0.07%
	BBD	D	-0.07%
	ABEV	F	-0.06%
	PKX	F	-0.06%
	XRX	F	-0.05%
	CIB	B	-0.05%
	LI	F	-0.05%
	BEKE	D	-0.05%
	WIT	A	-0.04%
	CIG	C	-0.04%
	RBA	A	-0.04%
	WIX	B	-0.04%
	ENIC	D	-0.04%
	BGNE	D	-0.04%
	CYBR	B	-0.04%
	GGB	C	-0.03%
	HTHT	D	-0.03%
	NIO	F	-0.03%
	CSAN	F	-0.03%
	SQM	F	-0.03%
	VIPS	F	-0.03%
	GRAB	B	-0.03%
	MNDY	C	-0.03%
	TME	D	-0.03%
	XPEV	C	-0.02%
	LEGN	F	-0.02%
	QFIN	B	-0.02%
	XPEV	C	-0.02%
	BRFS	D	-0.02%
	FUTU	D	-0.02%
	TAL	F	-0.02%
	PHI	D	-0.02%
	BILI	D	-0.02%
	IQ	F	-0.01%
	VALE	F	-0.01%
	ATHM	D	-0.01%
	GLBE	B	-0.01%
	SBSW	D	-0.01%
	MBAVU	D	-0.01%
	BVN	F	-0.01%
	BZ	F	-0.01%
	SID	F	-0.01%
	QGEN	D	-0.0%
	SCCO	F	-0.0%

FNDF: Top Represented Industries & Keywords

Industries: Banks - Global Auto Manufacturers Banks - Regional - Asia Telecom Services Auto Parts Consumer Electronics Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Semiconductors Software - Application Airports & Air Services Apparel Stores Banks - Regional - Europe Beverages - Soft Drinks Beverages - Wineries & Distilleries Biotechnology Capital Markets Computer Systems Diagnostics & Research Farm & Construction Equipment

Keywords: S&P 500 Bank Banking Investment Banking Financial Products Investment Banking Services Asset Management Nasdaq 100 Asset Management Services Automotive Industry Commercial Banking Corporate Banking Insurance Products Investment Bank Medicine Pharmaceutical Securitization Structured Finance Telecommunications Transport

CWI: Top Represented Industries & Keywords

Industries: Auto Manufacturers Internet Content & Information Banks - Regional - Asia Software - Application Banks - Global Banks - Regional - Latin America Steel Information Technology Services Specialty Retail Biotechnology Capital Markets Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Industrial Metals & Minerals Semiconductors Telecom Services Utilities - Regulated Electric Airports & Air Services Banks - Regional - Europe Beverages - Brewers

Keywords: Banking Bank Investment Banking Financial Products Investment Banking Services Cash Management Investment Bank Investment Product Telecommunications Transport Asset Management Asset Management Services Cars Commercial Banking Currency Insurance Products Mining Pharmaceutical Structured Finance Cash Management Services