HDAW vs. GEM ETF Comparison

Comparison of Deutsche X-trackers MSCI All World ex US High Dividend Yield Hedged Equity ETF (HDAW) to Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM)

HDAW

Deutsche X-trackers MSCI All World ex US High Dividend Yield Hedged Equity ETF

HDAW Description

The investment seeks investment results that correspond generally to the performance of the MSCI ACWI ex US High Dividend Yield US Dollar Hedged Index. The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to reflect the performance of equities (excluding REITs) in its parent index, the MSCI ACWI ex US Index, with higher dividend income and quality characteristics than average dividend yields of equities in the parent index, where such higher dividend income and quality characteristics are both sustainable and persistent. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.36

Average Daily Volume

2,316

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

GEM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Emerging Markets Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) 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 is designed to deliver exposure to equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$32.80

Average Daily Volume

95,891

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HDAW	GEM
30 Days	3.93%	-2.61%
60 Days	0.14%	0.37%
90 Days	6.00%	-0.21%
12 Months	12.16%	12.71%

10 Overlapping Holdings

Symbol	Grade	Weight in HDAW	Weight in GEM	Overlap
ABEV	C	0.22%	0.08%	0.08%
ATHM	C	0.04%	0.07%	0.04%
CHT	A	0.29%	0.07%	0.07%
GGB	C	0.11%	0.09%	0.09%
KT	B	0.02%	0.1%	0.02%
QFIN	B	0.05%	0.16%	0.05%
SCCO	D	0.2%	0.09%	0.09%
SKM	A	0.04%	0.24%	0.04%
UMC	C	0.38%	0.23%	0.23%
VALE	D	0.83%	0.44%	0.44%

HDAW Overweight 6 Positions Relative to GEM

Symbol	Grade	Weight
NVS	C	4.65%
UL	C	3.06%
STLA	F	0.95%
HDEF	B	0.44%
AGCO	D	0.14%
DEM	D	0.13%

HDAW Underweight 30 Positions Relative to GEM

Symbol	Grade	Weight
BABA	C	-1.89%
IBN	A	-0.82%
PDD	F	-0.65%
HDB	C	-0.47%
KB	D	-0.25%
SHG	C	-0.22%
WIT	C	-0.2%
VIPS	F	-0.19%
YUMC	D	-0.18%
TCOM	C	-0.15%
BIDU	F	-0.15%
NU	B	-0.14%
BGNE	C	-0.12%
BCH	C	-0.1%
TME	F	-0.09%
BAP	A	-0.07%
XP	D	-0.06%
TAL	F	-0.05%
LI	D	-0.05%
CSAN	F	-0.05%
BRFS	C	-0.04%
KEP	C	-0.04%
ASAI	F	-0.04%
LPL	F	-0.04%
ERJ	C	-0.04%
IQ	F	-0.03%
BZ	F	-0.03%
BVN	D	-0.03%
BEKE	F	-0.03%
PAGS	F	-0.03%