GMF vs. EQLT ETF Comparison

Comparison of SPDR S&P Emerging Asia Pacific ETF (GMF) to iShares MSCI Emerging Markets Quality Factor ETF (EQLT)

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

$116.67

Average Daily Volume

19,583

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EQLT

iShares MSCI Emerging Markets Quality Factor ETF

EQLT Description

EQLT tracks an index of emerging market stocks perceived to be higher quality. The starting universe begins with large- and mid-cap stocks from the MSCI Emerging Markets Index. The fund calculates a Quality Score for each security using three fundamental metrics: high return on equity, stable year-over-year earnings growth, and low financial leverage. The fund selects securities with higher quality scores until it covers about half of the market-cap within each country in the parent index. The fund then assigns weights by multiplying each securitys market-cap weight in the parent index by a Tilt Score. The Tilt Score accounts for the securitys quality score and relative market-cap position. The resulting weights are normalized to build the portfolio. Issuers are capped at 5%, along with other country and sector weight limits. The fund may invest in derivatives or engage in securities lending. The index is reviewed and rebalanced semi-annually.

Grade (RS Rating)

Last Trade

$24.06

Average Daily Volume

398

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GMF	EQLT
30 Days	-4.50%	-4.09%
60 Days	0.55%	-2.91%
90 Days	3.00%
12 Months	19.78%

6 Overlapping Holdings

Symbol	Grade	Weight in GMF	Weight in EQLT	Overlap
BABA	D	2.29%	4.1%	2.29%
HDB	C	1.59%	1.12%	1.12%
IBN	C	1.22%	2.55%	1.22%
IBN	C	0.0%	2.55%	0.0%
WIT	A	0.32%	0.12%	0.12%
YUMC	C	0.31%	0.33%	0.31%

GMF Overweight 48 Positions Relative to EQLT

Symbol	Grade	Weight
TSM	B	9.03%
PDD	F	1.1%
INFY	B	1.08%
TCOM	B	0.44%
BIDU	F	0.35%
UMC	F	0.32%
MMYT	B	0.21%
CHT	D	0.19%
LI	F	0.18%
ZTO	F	0.17%
BGNE	D	0.16%
BEKE	D	0.16%
XPEV	C	0.1%
NIO	F	0.09%
VIPS	F	0.08%
BILI	D	0.07%
TAL	F	0.07%
YMM	C	0.06%
LEGN	F	0.05%
SIMO	D	0.04%
TME	D	0.04%
BZ	F	0.04%
YY	C	0.03%
QFIN	B	0.03%
ATHM	D	0.03%
TIGR	D	0.02%
MOMO	D	0.02%
HIMX	F	0.02%
RLX	C	0.02%
MNSO	F	0.02%
GDS	C	0.02%
NOAH	D	0.01%
QD	C	0.01%
VNET	B	0.01%
WB	D	0.01%
BTBT	C	0.01%
JKS	F	0.01%
IQ	F	0.01%
SOHU	F	0.01%
DQ	F	0.01%
DADA	F	0.0%
NIU	F	0.0%
API	C	0.0%
CAN	C	0.0%
TUYA	F	0.0%
HUYA	F	0.0%
LX	C	0.0%
GOTU	F	0.0%

GMF Underweight 0 Positions Relative to EQLT

	Symbol	Grade	Weight