GEM vs. DFSE ETF Comparison

Comparison of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) to Dimensional Emerging Markets Sustainability Core 1 ETF (DFSE)

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

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

$33.56

Average Daily Volume

26,202

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GEM	DFSE
30 Days	-4.28%	-4.22%
60 Days	-0.55%	-1.41%
90 Days	-1.04%	-1.38%
12 Months	12.25%	12.43%

39 Overlapping Holdings

Symbol	Grade	Weight in GEM	Weight in DFSE	Overlap
ABEV	F	0.07%	0.05%	0.05%
ASAI	F	0.04%	0.03%	0.03%
ASAI	F	0.04%	0.07%	0.04%
BABA	D	1.93%	1.33%	1.33%
BABA	D	1.93%	0.08%	0.08%
BAP	A	0.08%	0.09%	0.08%
BCH	C	0.09%	0.01%	0.01%
BCH	C	0.09%	0.04%	0.04%
BGNE	D	0.11%	0.04%	0.04%
BGNE	D	0.11%	0.05%	0.05%
BIDU	F	0.15%	0.16%	0.15%
BIDU	F	0.15%	0.06%	0.06%
BZ	F	0.03%	0.01%	0.01%
CSAN	F	0.04%	0.0%	0.0%
CSAN	F	0.04%	0.01%	0.01%
ERJ	A	0.05%	0.14%	0.05%
ERJ	A	0.05%	0.02%	0.02%
GGB	C	0.09%	0.0%	0.0%
GGB	C	0.09%	0.04%	0.04%
HDB	C	0.46%	0.18%	0.18%
HDB	C	0.46%	0.22%	0.22%
IBN	C	0.8%	0.14%	0.14%
IBN	C	0.8%	0.62%	0.62%
IQ	F	0.03%	0.02%	0.02%
KB	B	0.27%	0.06%	0.06%
KB	B	0.27%	0.25%	0.25%
LI	F	0.06%	0.09%	0.06%
PDD	F	0.75%	0.78%	0.75%
SHG	C	0.2%	0.04%	0.04%
SHG	C	0.2%	0.25%	0.2%
SKM	C	0.22%	0.01%	0.01%
SKM	C	0.22%	0.02%	0.02%
TCOM	B	0.18%	0.37%	0.18%
TCOM	B	0.18%	0.11%	0.11%
TME	D	0.1%	0.13%	0.1%
VIPS	F	0.2%	0.2%	0.2%
WIT	B	0.21%	0.12%	0.12%
WIT	B	0.21%	0.02%	0.02%
YUMC	C	0.24%	0.07%	0.07%

GEM Overweight 16 Positions Relative to DFSE

Symbol	Grade	Weight
VALE	F	0.41%
QFIN	A	0.2%
UMC	F	0.18%
NU	C	0.14%
SCCO	F	0.09%
KT	A	0.09%
ATHM	C	0.07%
TAL	F	0.06%
CHT	C	0.06%
BEKE	D	0.05%
XP	F	0.05%
LPL	D	0.04%
BRFS	C	0.04%
KEP	B	0.04%
BVN	D	0.03%
PAGS	F	0.03%

GEM Underweight 50 Positions Relative to DFSE

Symbol	Grade	Weight
INFY	C	-0.51%
NTES	D	-0.16%
XPEV	C	-0.14%
GFI	D	-0.14%
PAC	B	-0.13%
ASR	D	-0.1%
BILI	D	-0.09%
ITUB	F	-0.07%
FMX	F	-0.07%
SQM	D	-0.06%
NIO	F	-0.06%
UGP	F	-0.05%
RDY	F	-0.05%
KOF	F	-0.05%
BBD	D	-0.05%
VIV	F	-0.04%
CIB	B	-0.04%
SBSW	D	-0.04%
SGRP	D	-0.03%
OMAB	D	-0.03%
ASX	D	-0.02%
BSAC	C	-0.02%
AKO.A	F	-0.02%
CIG	C	-0.02%
SUZ	B	-0.02%
WF	C	-0.02%
EBR	F	-0.01%
CCU	D	-0.01%
SHPH	F	-0.01%
IFS	A	-0.01%
SLDB	F	-0.01%
BSBR	F	-0.01%
SBS	B	-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%
ENIC	B	-0.0%
BAOS	F	-0.0%
DRD	D	-0.0%
ZTO	F	-0.0%
SBSW	D	-0.0%
PDSB	F	-0.0%
BZUN	F	-0.0%