GSEE vs. AAXJ ETF Comparison

Comparison of Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) to iShares MSCI All Country Asia ex Japan Index Fund (AAXJ)

GSEE

Goldman Sachs MarketBeta Emerging Markets Equity ETF

GSEE Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive GBS Emerging Markets Large & Mid Cap Index. The fund invests at least 80% of its assets 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 consists of equity securities of large and mid-capitalization issuers covering approximately the largest 85% of the free-float market capitalization in emerging markets.

Grade (RS Rating)

Last Trade

$45.55

Average Daily Volume

8,386

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

$74.00

Average Daily Volume

607,485

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GSEE	AAXJ
30 Days	-3.69%	-4.42%
60 Days	-1.78%	-0.92%
90 Days	-1.32%	0.48%
12 Months	11.89%	14.85%

14 Overlapping Holdings

Symbol	Grade	Weight in GSEE	Weight in AAXJ	Overlap
BABA	D	2.16%	2.51%	2.16%
BGNE	D	0.12%	0.15%	0.12%
BIDU	F	0.28%	0.35%	0.28%
BILI	D	0.06%	0.06%	0.06%
CHT	D	0.17%	0.2%	0.17%
HDB	C	1.38%	1.26%	1.26%
IBN	C	0.94%	1.15%	0.94%
LI	F	0.16%	0.21%	0.16%
NIO	F	0.08%	0.09%	0.08%
TCOM	B	0.43%	0.49%	0.43%
TME	D	0.1%	0.12%	0.1%
UMC	F	0.2%	0.23%	0.2%
WIT	A	0.11%	0.13%	0.11%
XPEV	C	0.08%	0.11%	0.08%

GSEE Overweight 34 Positions Relative to AAXJ

Symbol	Grade	Weight
PDD	F	0.94%
NU	C	0.53%
VALE	F	0.48%
KB	B	0.29%
SHG	D	0.21%
BEKE	D	0.17%
ABEV	F	0.12%
ASAI	F	0.11%
YMM	C	0.08%
XP	F	0.08%
ERJ	B	0.08%
HTHT	D	0.08%
MMYT	B	0.07%
VIPS	F	0.06%
GGB	C	0.06%
BCH	F	0.06%
BZ	F	0.05%
TAL	F	0.05%
KEP	B	0.05%
SBSW	D	0.04%
BRFS	D	0.04%
SKM	D	0.03%
LPL	F	0.03%
CSAN	F	0.03%
QFIN	B	0.03%
STNE	F	0.03%
GDS	C	0.03%
PAGS	F	0.02%
ATAT	C	0.02%
SBLK	F	0.02%
ATHM	D	0.02%
KT	A	0.02%
WB	D	0.01%
IQ	F	0.01%

GSEE Underweight 2 Positions Relative to AAXJ

	Symbol	Grade	Weight
	YUMC	C	-0.27%
	MNSO	F	-0.02%