GEM vs. AVSE ETF Comparison

Comparison of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) to Avantis Responsible Emerging Markets Equity ETF (AVSE)

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

GEM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Emerging Markets Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$33.19

Average Daily Volume

67,722

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AVSE

Avantis Responsible Emerging Markets Equity ETF

AVSE Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry groups and countries. The fund may invest in companies of all market capitalizations. The portfolio management team limits its investable universe of companies by screening out those that raise concerns based on the team?s evaluation of multiple ESG metrics.

Grade (RS Rating)

Last Trade

$52.28

Average Daily Volume

3,334

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GEM	AVSE
30 Days	-4.28%	-4.16%
60 Days	-0.55%	-1.36%
90 Days	-1.04%	-1.56%
12 Months	12.25%	15.31%

33 Overlapping Holdings

Symbol	Grade	Weight in GEM	Weight in AVSE	Overlap
ABEV	F	0.07%	0.08%	0.07%
ASAI	F	0.04%	0.08%	0.04%
ASAI	F	0.04%	0.04%	0.04%
ATHM	C	0.07%	0.06%	0.06%
BABA	D	1.93%	1.8%	1.8%
BAP	A	0.08%	0.18%	0.08%
BCH	C	0.09%	0.08%	0.08%
BEKE	D	0.05%	0.17%	0.05%
BGNE	D	0.11%	0.05%	0.05%
BGNE	D	0.11%	0.03%	0.03%
BIDU	F	0.15%	0.05%	0.05%
BZ	F	0.03%	0.01%	0.01%
CHT	C	0.06%	0.06%	0.06%
HDB	C	0.46%	0.56%	0.46%
IBN	C	0.8%	0.48%	0.48%
IQ	F	0.03%	0.06%	0.03%
KB	B	0.27%	0.48%	0.27%
KT	A	0.09%	0.05%	0.05%
LI	F	0.06%	0.29%	0.06%
LPL	D	0.04%	0.09%	0.04%
PAGS	F	0.03%	0.04%	0.03%
PDD	F	0.75%	0.71%	0.71%
QFIN	A	0.2%	0.09%	0.09%
SCCO	F	0.09%	0.05%	0.05%
SHG	C	0.2%	0.38%	0.2%
SKM	C	0.22%	0.07%	0.07%
TAL	F	0.06%	0.0%	0.0%
TCOM	B	0.18%	0.27%	0.18%
TME	D	0.1%	0.08%	0.08%
UMC	F	0.18%	0.24%	0.18%
VIPS	F	0.2%	0.23%	0.2%
WIT	B	0.21%	0.07%	0.07%
YUMC	C	0.24%	0.41%	0.24%

GEM Overweight 9 Positions Relative to AVSE

Symbol	Grade	Weight
VALE	F	0.41%
NU	C	0.14%
GGB	C	0.09%
ERJ	A	0.05%
XP	F	0.05%
BRFS	C	0.04%
KEP	B	0.04%
CSAN	F	0.04%
BVN	D	0.03%

GEM Underweight 56 Positions Relative to AVSE

Symbol	Grade	Weight
TSM	B	-5.9%
INFY	C	-0.76%
NTES	D	-0.51%
ITUB	F	-0.34%
CPNG	D	-0.28%
HTHT	D	-0.25%
ASX	D	-0.22%
ZTO	F	-0.2%
GFI	D	-0.17%
BBD	D	-0.16%
PAC	B	-0.16%
SUZ	B	-0.14%
TLK	D	-0.13%
STNE	F	-0.13%
CIG	C	-0.12%
SBS	B	-0.11%
FMX	F	-0.1%
OMAB	D	-0.09%
RDY	F	-0.09%
EBR	F	-0.08%
CAR	C	-0.08%
SBSW	D	-0.07%
ASR	D	-0.07%
VIV	F	-0.06%
TKC	B	-0.06%
MNSO	D	-0.06%
TV	F	-0.05%
CIB	B	-0.04%
SGRP	D	-0.04%
IFS	A	-0.04%
MOMO	D	-0.04%
AKO.A	F	-0.04%
BSAC	C	-0.04%
ELP	F	-0.04%
YY	B	-0.04%
LX	B	-0.03%
NOAH	D	-0.03%
SOHU	F	-0.03%
IMOS	F	-0.03%
PHI	D	-0.03%
SQM	D	-0.03%
VNET	B	-0.02%
BSBR	F	-0.02%
CCU	D	-0.02%
NIO	F	-0.02%
WB	D	-0.02%
PDSB	F	-0.01%
XPEV	C	-0.01%
NIU	F	-0.0%
DAO	B	-0.0%
TIGR	D	-0.0%
BILI	D	-0.0%
TUYA	D	-0.0%
CANG	B	-0.0%
API	B	-0.0%
CAAS	C	-0.0%