GXUS vs. DFEM ETF Comparison

Comparison of Goldman Sachs MarketBeta Total International Equity ETF (GXUS) to Dimensional Emerging Markets Core Equity 2 ETF (DFEM)

GXUS

Goldman Sachs MarketBeta Total International Equity ETF

GXUS Description

GXUS is a passively managed fund that offers broad-based, vanilla exposure to the global ex-US equity space. The fund holds large- and mid-cap stocks, representing 85% of the free-float market capitalization of developed and emerging markets, excluding the US. Constituents are selected and weighted based on their market capitalization. The funds adviser employs tax management strategies such as in-kind redemptions and tax lot selection, to generally minimize taxable capital gain distributions. The index reconstitutes on a semi-annual basis in May and November. Since the objective of the fund is to track an index, buy and sell decisions do not take into consideration analysis of economic or market factors. The portfolio may become concentrated at times. However, the funds adviser may over- or underweight positions in the index if considered to be appropriate.

Grade (RS Rating)

Last Trade

$44.72

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFEM

Dimensional Emerging Markets Core Equity 2 ETF

DFEM Description

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets, which may include frontier markets (emerging market countries in an earlier stage of development). As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in emerging markets equity investments that are defined in the prospectus as Approved Market securities.

Grade (RS Rating)

Last Trade

$26.58

Average Daily Volume

596,677

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	GXUS	DFEM
30 Days	-2.48%	-3.35%
60 Days	-4.10%	-2.10%
90 Days	-3.75%	-1.52%
12 Months	11.23%	12.95%

51 Overlapping Holdings

Symbol	Grade	Weight in GXUS	Weight in DFEM	Overlap
ABEV	F	0.04%	0.03%	0.03%
ASAI	F	0.03%	0.02%	0.02%
ASAI	F	0.03%	0.01%	0.01%
BABA	D	0.67%	0.02%	0.02%
BABA	D	0.67%	1.24%	0.67%
BCH	F	0.02%	0.0%	0.0%
BCH	F	0.02%	0.03%	0.02%
BGNE	D	0.04%	0.01%	0.01%
BGNE	D	0.04%	0.01%	0.01%
BIDU	F	0.09%	0.02%	0.02%
BIDU	F	0.09%	0.14%	0.09%
BILI	D	0.02%	0.09%	0.02%
BRFS	D	0.01%	0.05%	0.01%
CHT	D	0.05%	0.02%	0.02%
CHT	D	0.05%	0.03%	0.03%
CSAN	F	0.01%	0.0%	0.0%
ERJ	B	0.02%	0.14%	0.02%
ERJ	B	0.02%	0.14%	0.02%
GDS	C	0.01%	0.1%	0.01%
GGB	C	0.02%	0.01%	0.01%
GGB	C	0.02%	0.07%	0.02%
HDB	C	0.42%	0.25%	0.25%
HDB	C	0.42%	0.24%	0.24%
IBN	C	0.29%	0.15%	0.15%
IBN	C	0.29%	0.62%	0.29%
IQ	F	0.0%	0.02%	0.0%
KB	B	0.09%	0.38%	0.09%
KB	B	0.09%	0.01%	0.01%
KEP	B	0.02%	0.01%	0.01%
KEP	B	0.02%	0.02%	0.02%
LI	F	0.05%	0.0%	0.0%
LI	F	0.05%	0.07%	0.05%
LPL	F	0.01%	0.0%	0.0%
LPL	F	0.01%	0.05%	0.01%
NIO	F	0.02%	0.01%	0.01%
PDD	F	0.27%	0.46%	0.27%
SBSW	D	0.01%	0.07%	0.01%
SHG	D	0.07%	0.19%	0.07%
SHG	D	0.07%	0.05%	0.05%
SKM	D	0.01%	0.02%	0.01%
SKM	D	0.01%	0.02%	0.01%
TCOM	B	0.13%	0.19%	0.13%
TCOM	B	0.13%	0.01%	0.01%
TME	D	0.03%	0.05%	0.03%
UMC	F	0.06%	0.04%	0.04%
UMC	F	0.06%	0.14%	0.06%
VALE	F	0.14%	0.31%	0.14%
VIPS	F	0.02%	0.14%	0.02%
WIT	A	0.04%	0.01%	0.01%
WIT	A	0.04%	0.06%	0.04%
XPEV	C	0.03%	0.13%	0.03%

GXUS Overweight 61 Positions Relative to DFEM

Symbol	Grade	Weight
NVS	D	0.74%
TM	D	0.71%
HSBH	B	0.61%
UL	D	0.52%
MUFG	B	0.49%
SHOP	B	0.47%
SONY	B	0.42%
TD	F	0.37%
SMFG	B	0.33%
ABBV	D	0.33%
DEO	F	0.25%
CNI	D	0.23%
MFG	B	0.21%
NXPI	D	0.21%
BCS	C	0.18%
NU	C	0.18%
WCN	A	0.17%
LYG	F	0.16%
SE	B	0.14%
HMC	F	0.14%
ARGX	A	0.13%
E	F	0.12%
GOLD	D	0.11%
STLA	F	0.1%
NMR	B	0.07%
AER	B	0.07%
CHKP	D	0.06%
CCEP	C	0.06%
ICLR	D	0.06%
RBA	A	0.06%
CYBR	B	0.05%
BEKE	D	0.05%
XRX	F	0.05%
WIX	B	0.04%
BNTX	D	0.04%
GRAB	B	0.04%
HTHT	D	0.03%
OTEX	D	0.03%
MNDY	C	0.03%
TAL	F	0.02%
WFG	D	0.02%
MMYT	B	0.02%
AGCO	D	0.02%
FUTU	D	0.02%
XP	F	0.02%
YMM	C	0.02%
SBLK	F	0.01%
PAGS	F	0.01%
ATAT	C	0.01%
ATHM	D	0.01%
KT	A	0.01%
QFIN	B	0.01%
STNE	F	0.01%
ZIM	C	0.01%
TIGO	D	0.01%
FRO	F	0.01%
MBAVU	D	0.01%
BZ	F	0.01%
GLBE	B	0.01%
WB	D	0.0%
CLBT	B	0.0%

GXUS Underweight 49 Positions Relative to DFEM

Symbol	Grade	Weight
INFY	B	-0.32%
YUMC	C	-0.2%
GFI	D	-0.13%
RDY	F	-0.11%
CX	D	-0.09%
PAC	B	-0.08%
HMY	D	-0.07%
ASR	D	-0.05%
CAR	C	-0.05%
BAP	B	-0.05%
NTES	D	-0.04%
SGRP	D	-0.03%
JKS	F	-0.03%
PBR	C	-0.03%
VIST	A	-0.03%
BBD	D	-0.02%
PKX	F	-0.02%
SQM	F	-0.02%
CIB	B	-0.02%
OMAB	D	-0.02%
FMX	F	-0.02%
KOF	F	-0.02%
CIG	C	-0.01%
PHI	D	-0.01%
ITUB	F	-0.01%
SHPH	F	-0.01%
ASX	D	-0.01%
BSAC	F	-0.01%
AKO.A	F	-0.01%
IMOS	F	-0.01%
WF	C	-0.01%
VIV	F	-0.01%
SBS	B	-0.01%
ENIC	D	-0.0%
BAOS	F	-0.0%
LGHT	D	-0.0%
ELP	F	-0.0%
SLDB	F	-0.0%
MGNX	F	-0.0%
UGP	F	-0.0%
PDSB	F	-0.0%
CCU	D	-0.0%
SUZ	C	-0.0%
BZUN	F	-0.0%
BAK	F	-0.0%
ZTO	F	-0.0%
EBR	F	-0.0%
ZLAB	C	-0.0%
VNET	B	-0.0%