SPDW vs. TPIF ETF Comparison

Comparison of SPDR Portfolio World ex-US ETF (SPDW) to Timothy Plan International ETF (TPIF)

SPDW

SPDR Portfolio World ex-US ETF

SPDW Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Developed Ex-U.S.BMI Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts 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 developed countries outside the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$35.24

Average Daily Volume

2,162,564

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

TPIF

Timothy Plan International ETF

TPIF Description

The investment seeks to provide investment results that track the performance of the Victory International 500 Volatility Weighted BRI Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets directly or indirectly in the securities included in the Victory International Volatility Weighted BRI Index, an unmanaged, volatility weighted index created by the Sub-Advisor. The index combines fundamental criteria with individual security risk control achieved through volatility weighting of individual securities, rather than traditional market cap weighting.

Grade (RS Rating)

Last Trade

$27.01

Average Daily Volume

12,641

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPDW	TPIF
30 Days	-3.22%	-2.93%
60 Days	-4.95%	-4.91%
90 Days	-5.36%	-4.42%
12 Months	11.79%	12.17%

10 Overlapping Holdings

Symbol	Grade	Weight in SPDW	Weight in TPIF	Overlap
ABBV	F	0.4%	0.34%	0.34%
CNI	F	0.3%	0.41%	0.3%
E	F	0.15%	0.37%	0.15%
KB	B	0.13%	0.16%	0.13%
LOGI	D	0.06%	0.25%	0.06%
LYG	D	0.21%	0.28%	0.21%
SHG	C	0.09%	0.17%	0.09%
SMFG	B	0.39%	0.23%	0.23%
WCN	A	0.2%	0.58%	0.2%
XRX	F	0.06%	0.25%	0.06%

SPDW Overweight 98 Positions Relative to TPIF

Symbol	Grade	Weight
TM	F	0.9%
NVS	F	0.88%
HSBH	B	0.73%
UL	D	0.63%
MUFG	B	0.61%
SHOP	B	0.57%
SONY	B	0.5%
TD	D	0.44%
SPOT	B	0.28%
DEO	F	0.28%
MFG	A	0.24%
BCS	A	0.2%
HMC	F	0.19%
SE	A	0.17%
STLA	F	0.12%
CPNG	D	0.11%
CHKP	C	0.1%
TEVA	C	0.08%
NMR	B	0.08%
CCEP	C	0.08%
CYBR	A	0.08%
PKX	D	0.08%
ICLR	D	0.07%
MT	B	0.06%
ARM	F	0.06%
ONON	A	0.06%
GRAB	A	0.05%
WIX	A	0.04%
MNDY	C	0.04%
QGEN	D	0.04%
FUTU	D	0.03%
KEP	B	0.03%
OTEX	F	0.03%
GLNG	C	0.03%
AGCO	D	0.03%
GSL	F	0.03%
AER	A	0.03%
BNTX	C	0.03%
ZIM	C	0.02%
ASND	F	0.02%
AEI	D	0.02%
MBAVU	C	0.02%
XENE	D	0.02%
WFG	C	0.02%
MRUS	F	0.02%
KRNT	B	0.02%
NAT	F	0.01%
FVRR	B	0.01%
MLCO	F	0.01%
URGN	F	0.01%
IMCR	D	0.01%
LSPD	C	0.01%
LPL	D	0.01%
DAVA	C	0.01%
AY	A	0.01%
GLBE	B	0.01%
LPL	D	0.01%
GRFS	C	0.01%
NOMD	D	0.01%
IGT	F	0.01%
TAC	A	0.01%
BIRK	D	0.01%
MTLS	A	0.0%
RENB	F	0.0%
HL	D	0.0%
CALX	D	0.0%
TLRY	F	0.0%
CVAC	F	0.0%
ORMP	D	0.0%
AMRN	F	0.0%
GRVY	C	0.0%
ADAP	F	0.0%
EU	D	0.0%
TMC	F	0.0%
FREY	B	0.0%
MNTX	B	0.0%
INVZ	F	0.0%
NNOX	C	0.0%
NBTX	F	0.0%
NNDM	D	0.0%
DNN	B	0.0%
GSM	D	0.0%
SNDL	D	0.0%
CHGX	A	0.0%
ABCL	D	0.0%
SPNS	F	0.0%
IMTX	F	0.0%
JMIA	F	0.0%
ELBM	D	0.0%
PIXY	F	0.0%
SSYS	B	0.0%
CSIQ	F	0.0%
AUPH	B	0.0%
CSTM	F	0.0%
RDWR	B	0.0%
PDS	C	0.0%
HCM	D	0.0%
INMD	C	0.0%

SPDW Underweight 2 Positions Relative to TPIF

	Symbol	Grade	Weight
	RBA	A	-0.33%
	GOLD	C	-0.2%