GEM vs. DFEM ETF Comparison

Comparison of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) to Dimensional Emerging Markets Core Equity 2 ETF (DFEM)

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

$33.25

Average Daily Volume

60,570

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$26.63

Average Daily Volume

599,494

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	GEM	DFEM
30 Days	-4.95%	-4.55%
60 Days	-0.38%	-1.22%
90 Days	-0.54%	-1.04%
12 Months	11.59%	12.18%

49 Overlapping Holdings

Symbol	Grade	Weight in GEM	Weight in DFEM	Overlap
ABEV	F	0.07%	0.03%	0.03%
ASAI	F	0.04%	0.02%	0.02%
ASAI	F	0.04%	0.02%	0.02%
BABA	D	1.93%	1.35%	1.35%
BABA	D	1.93%	0.02%	0.02%
BAP	A	0.08%	0.05%	0.05%
BCH	D	0.09%	0.0%	0.0%
BCH	D	0.09%	0.03%	0.03%
BGNE	D	0.11%	0.01%	0.01%
BGNE	D	0.11%	0.01%	0.01%
BIDU	F	0.15%	0.02%	0.02%
BIDU	F	0.15%	0.14%	0.14%
BRFS	D	0.04%	0.05%	0.04%
CHT	C	0.06%	0.02%	0.02%
CHT	C	0.06%	0.03%	0.03%
CSAN	F	0.04%	0.01%	0.01%
CSAN	F	0.04%	0.01%	0.01%
ERJ	A	0.05%	0.12%	0.05%
ERJ	A	0.05%	0.12%	0.05%
GGB	C	0.09%	0.06%	0.06%
GGB	C	0.09%	0.01%	0.01%
HDB	B	0.46%	0.25%	0.25%
HDB	B	0.46%	0.23%	0.23%
IBN	D	0.8%	0.15%	0.15%
IBN	D	0.8%	0.62%	0.62%
IQ	F	0.03%	0.02%	0.02%
KB	B	0.27%	0.01%	0.01%
KB	B	0.27%	0.38%	0.27%
KEP	B	0.04%	0.02%	0.02%
KEP	B	0.04%	0.01%	0.01%
LI	F	0.06%	0.08%	0.06%
LI	F	0.06%	0.0%	0.0%
LPL	D	0.04%	0.05%	0.04%
LPL	D	0.04%	0.0%	0.0%
PDD	D	0.75%	0.47%	0.47%
SHG	D	0.2%	0.05%	0.05%
SHG	D	0.2%	0.19%	0.19%
SKM	D	0.22%	0.02%	0.02%
SKM	D	0.22%	0.02%	0.02%
TCOM	B	0.18%	0.02%	0.02%
TCOM	B	0.18%	0.21%	0.18%
TME	F	0.1%	0.03%	0.03%
UMC	F	0.18%	0.04%	0.04%
UMC	F	0.18%	0.14%	0.14%
VALE	F	0.41%	0.36%	0.36%
VIPS	F	0.2%	0.13%	0.13%
WIT	B	0.21%	0.01%	0.01%
WIT	B	0.21%	0.06%	0.06%
YUMC	B	0.24%	0.2%	0.2%

GEM Overweight 11 Positions Relative to DFEM

Symbol	Grade	Weight
QFIN	B	0.2%
NU	C	0.14%
SCCO	F	0.09%
KT	D	0.09%
ATHM	D	0.07%
TAL	D	0.06%
BEKE	C	0.05%
XP	F	0.05%
BVN	D	0.03%
PAGS	F	0.03%
BZ	F	0.03%

GEM Underweight 52 Positions Relative to DFEM

Symbol	Grade	Weight
INFY	D	-0.29%
GFI	D	-0.15%
XPEV	C	-0.12%
RDY	D	-0.11%
BILI	C	-0.1%
HMY	C	-0.09%
GDS	C	-0.09%
SBSW	D	-0.08%
CX	F	-0.08%
PAC	A	-0.07%
ASR	D	-0.05%
CAR	C	-0.05%
NTES	C	-0.04%
SGRP	D	-0.03%
VIST	B	-0.03%
JKS	F	-0.03%
SQM	D	-0.02%
CIB	B	-0.02%
OMAB	F	-0.02%
PBR	D	-0.02%
PKX	F	-0.02%
KOF	F	-0.02%
FMX	F	-0.02%
PHI	F	-0.01%
ITUB	D	-0.01%
SHPH	F	-0.01%
ASX	D	-0.01%
BSAC	D	-0.01%
AKO.A	F	-0.01%
WF	C	-0.01%
IMOS	F	-0.01%
VIV	D	-0.01%
SBS	C	-0.01%
BBD	D	-0.01%
ENIC	B	-0.0%
BAOS	F	-0.0%
SLDB	F	-0.0%
LGHT	D	-0.0%
ELP	F	-0.0%
UGP	F	-0.0%
BAK	F	-0.0%
PDSB	F	-0.0%
MGNX	D	-0.0%
CCU	F	-0.0%
NIO	F	-0.0%
SUZ	B	-0.0%
BZUN	F	-0.0%
EBR	F	-0.0%
ZTO	F	-0.0%
CIG	C	-0.0%
ZLAB	C	-0.0%
VNET	C	-0.0%