GMF vs. AAXJ ETF Comparison

Comparison of SPDR S&P Emerging Asia Pacific ETF (GMF) to iShares MSCI All Country Asia ex Japan Index Fund (AAXJ)

GMF

SPDR S&P Emerging Asia Pacific ETF

GMF 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 S&P Asia Pacific Emerging BMI Index. It generally invests 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 market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in emerging Asian Pacific markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$128.25

Average Daily Volume

20,899

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AAXJ

iShares MSCI All Country Asia ex Japan Index Fund

AAXJ Description

The investment seeks to replicate the returns of the MSCI All Country Asia ex Japan Index. The fund generally invests at least 90% of its assets in securities of the underlying index and in DRs representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization index designed to measure equity market performance of the following 10 developed and emerging market countries or regions: China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan and Thailand. Components primarily include consumer discretionary, financial, industrials and information technology companies.

Grade (RS Rating)

Last Trade

$81.05

Average Daily Volume

409,384

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GMF	AAXJ
30 Days	15.50%	13.48%
60 Days	21.55%	19.03%
90 Days	12.72%	9.91%
12 Months	36.67%	31.80%

6 Overlapping Holdings

Symbol	Grade	Weight in GMF	Weight in AAXJ	Overlap
CHT	C	0.19%	0.2%	0.19%
HDB	D	1.52%	1.2%	1.2%
IBN	C	1.15%	1.09%	1.09%
IBN	C	0.0%	1.09%	0.0%
UMC	D	0.37%	0.25%	0.25%
WIT	C	0.29%	0.12%	0.12%

GMF Overweight 48 Positions Relative to AAXJ

Symbol	Grade	Weight
TSM	B	7.85%
BABA	A	2.75%
PDD	B	1.19%
INFY	B	1.05%
BIDU	C	0.42%
TCOM	A	0.42%
YUMC	B	0.28%
LI	C	0.21%
ZTO	B	0.19%
BGNE	A	0.19%
MMYT	B	0.18%
BEKE	A	0.15%
NIO	C	0.12%
XPEV	C	0.1%
BILI	B	0.08%
TAL	C	0.08%
VIPS	B	0.08%
YMM	A	0.06%
LEGN	F	0.06%
BZ	C	0.05%
TME	B	0.04%
SIMO	D	0.04%
ATHM	B	0.03%
TIGR	A	0.02%
RLX	D	0.02%
MOMO	B	0.02%
HIMX	F	0.02%
MNSO	C	0.02%
QFIN	A	0.02%
GDS	B	0.02%
YY	C	0.02%
BTBT	C	0.01%
NOAH	B	0.01%
GOTU	D	0.01%
VNET	B	0.01%
WB	B	0.01%
JKS	C	0.01%
IQ	D	0.01%
SOHU	A	0.01%
DQ	C	0.01%
DADA	C	0.0%
API	C	0.0%
CAN	D	0.0%
NIU	B	0.0%
TUYA	C	0.0%
LX	C	0.0%
HUYA	B	0.0%
QD	B	0.0%

GMF Underweight 1 Positions Relative to AAXJ

	Symbol	Grade	Weight
	HKD	C	-0.0%