GMF vs. DBEM ETF Comparison

Comparison of SPDR S&P Emerging Asia Pacific ETF (GMF) to db-X trackers MSCI Emerging Markets Hedged Equity Fund (DBEM)

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

$116.50

Average Daily Volume

19,271

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DBEM

db-X trackers MSCI Emerging Markets Hedged Equity Fund

DBEM Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EM US Dollar Hedged Index (the "underlying index"). The fund will normally invest at least 80% of its net assets in the equity securities of issuers from emerging markets countries and in instruments designed to hedge against the fund's exposure to non-U.S. currencies. The index is designed to provide exposure to equity securities in the global emerging markets, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected emerging market currencies. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.30

Average Daily Volume

9,288

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GMF	DBEM
30 Days	-4.97%	-3.59%
60 Days	1.77%	0.72%
90 Days	3.22%	0.76%
12 Months	20.04%	14.62%

25 Overlapping Holdings

Symbol	Grade	Weight in GMF	Weight in DBEM	Overlap
ATHM	C	0.03%	0.03%	0.03%
BABA	D	2.29%	2.06%	2.06%
BEKE	D	0.16%	0.16%	0.16%
BGNE	D	0.16%	0.13%	0.13%
BIDU	F	0.35%	0.29%	0.29%
BILI	D	0.07%	0.05%	0.05%
BZ	F	0.04%	0.04%	0.04%
CHT	C	0.19%	0.17%	0.17%
HDB	C	1.59%	1.03%	1.03%
IBN	C	0.0%	0.94%	0.0%
IBN	C	1.22%	0.94%	0.94%
IQ	F	0.01%	0.01%	0.01%
LEGN	D	0.05%	0.03%	0.03%
LI	F	0.18%	0.17%	0.17%
NIO	F	0.09%	0.08%	0.08%
PDD	F	1.1%	0.96%	0.96%
QFIN	A	0.03%	0.04%	0.03%
TAL	F	0.07%	0.06%	0.06%
TCOM	B	0.44%	0.4%	0.4%
TME	D	0.04%	0.11%	0.04%
UMC	F	0.32%	0.19%	0.19%
VIPS	F	0.08%	0.06%	0.06%
WIT	B	0.32%	0.11%	0.11%
XPEV	C	0.1%	0.1%	0.1%
YUMC	C	0.31%	0.23%	0.23%

GMF Overweight 29 Positions Relative to DBEM

Symbol	Grade	Weight
TSM	B	9.03%
INFY	C	1.08%
MMYT	B	0.21%
ZTO	F	0.17%
YMM	C	0.06%
SIMO	D	0.04%
YY	B	0.03%
TIGR	D	0.02%
MOMO	D	0.02%
HIMX	F	0.02%
RLX	C	0.02%
MNSO	D	0.02%
GDS	C	0.02%
NOAH	D	0.01%
QD	B	0.01%
VNET	B	0.01%
WB	D	0.01%
BTBT	C	0.01%
JKS	F	0.01%
SOHU	F	0.01%
DQ	F	0.01%
DADA	F	0.0%
NIU	F	0.0%
API	B	0.0%
CAN	C	0.0%
TUYA	D	0.0%
HUYA	F	0.0%
LX	B	0.0%
GOTU	F	0.0%

GMF Underweight 22 Positions Relative to DBEM

Symbol	Grade	Weight
NU	C	-0.5%
VALE	F	-0.4%
KB	B	-0.3%
SHG	C	-0.2%
BAP	A	-0.15%
SCCO	F	-0.11%
ABEV	F	-0.11%
ASAI	F	-0.09%
ERJ	A	-0.08%
HTHT	D	-0.08%
BCH	C	-0.07%
XP	F	-0.07%
GGB	C	-0.06%
KEP	B	-0.05%
SBSW	D	-0.04%
SKM	C	-0.03%
BVN	D	-0.03%
STNE	F	-0.03%
CSAN	F	-0.03%
BRFS	C	-0.03%
PAGS	F	-0.02%
LPL	D	-0.02%