GSEE vs. DBEM ETF Comparison

Comparison of Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) to db-X trackers MSCI Emerging Markets Hedged Equity Fund (DBEM)

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

$45.40

Average Daily Volume

8,295

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

$25.39

Average Daily Volume

9,288

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GSEE	DBEM
30 Days	-4.50%	-3.59%
60 Days	-1.03%	0.72%
90 Days	-1.31%	0.76%
12 Months	11.91%	14.62%

41 Overlapping Holdings

Symbol	Grade	Weight in GSEE	Weight in DBEM	Overlap
ABEV	F	0.12%	0.11%	0.11%
ASAI	F	0.11%	0.09%	0.09%
ATHM	C	0.02%	0.03%	0.02%
BABA	D	2.16%	2.06%	2.06%
BCH	C	0.06%	0.07%	0.06%
BEKE	D	0.17%	0.16%	0.16%
BGNE	D	0.12%	0.13%	0.12%
BIDU	F	0.28%	0.29%	0.28%
BILI	D	0.06%	0.05%	0.05%
BRFS	C	0.04%	0.03%	0.03%
BZ	F	0.05%	0.04%	0.04%
CHT	C	0.17%	0.17%	0.17%
CSAN	F	0.03%	0.03%	0.03%
ERJ	A	0.08%	0.08%	0.08%
GGB	C	0.06%	0.06%	0.06%
HDB	C	1.38%	1.03%	1.03%
HTHT	D	0.08%	0.08%	0.08%
IBN	C	0.94%	0.94%	0.94%
IQ	F	0.01%	0.01%	0.01%
KB	B	0.29%	0.3%	0.29%
KEP	B	0.05%	0.05%	0.05%
LI	F	0.16%	0.17%	0.16%
LPL	D	0.03%	0.02%	0.02%
NIO	F	0.08%	0.08%	0.08%
NU	C	0.53%	0.5%	0.5%
PAGS	F	0.02%	0.02%	0.02%
PDD	F	0.94%	0.96%	0.94%
QFIN	A	0.03%	0.04%	0.03%
SBSW	D	0.04%	0.04%	0.04%
SHG	C	0.21%	0.2%	0.2%
SKM	C	0.03%	0.03%	0.03%
STNE	F	0.03%	0.03%	0.03%
TAL	F	0.05%	0.06%	0.05%
TCOM	B	0.43%	0.4%	0.4%
TME	D	0.1%	0.11%	0.1%
UMC	F	0.2%	0.19%	0.19%
VALE	F	0.48%	0.4%	0.4%
VIPS	F	0.06%	0.06%	0.06%
WIT	B	0.11%	0.11%	0.11%
XP	F	0.08%	0.07%	0.07%
XPEV	C	0.08%	0.1%	0.08%

GSEE Overweight 7 Positions Relative to DBEM

Symbol	Grade	Weight
YMM	C	0.08%
MMYT	B	0.07%
GDS	C	0.03%
ATAT	C	0.02%
SBLK	F	0.02%
KT	A	0.02%
WB	D	0.01%

GSEE Underweight 5 Positions Relative to DBEM

Symbol	Grade	Weight
YUMC	C	-0.23%
BAP	A	-0.15%
SCCO	F	-0.11%
BVN	D	-0.03%
LEGN	D	-0.03%