SPWO vs. GEM ETF Comparison

Comparison of SP Funds S&P World (ex-US) ETF (SPWO) to Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM)

SPWO

SP Funds S&P World (ex-US) ETF

SPWO Description

The Shariah World Index is designed to measure the performance of companies located in developed and emerging markets outside of the United States that pass rules-based screens for adherence to shariah investment guidelines, with a cap applied to ensure diversification among companies in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.29

Average Daily Volume

6,987

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

$33.19

Average Daily Volume

67,722

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPWO	GEM
30 Days	-4.92%	-4.28%
60 Days	-1.37%	-0.55%
90 Days	-2.78%	-1.04%
12 Months		12.25%

12 Overlapping Holdings

Symbol	Grade	Weight in SPWO	Weight in GEM	Overlap
BEKE	D	0.31%	0.05%	0.05%
BGNE	D	0.29%	0.11%	0.11%
BZ	F	0.07%	0.03%	0.03%
CHT	C	0.36%	0.06%	0.06%
GGB	C	0.09%	0.09%	0.09%
LI	F	0.31%	0.06%	0.06%
PDD	F	1.82%	0.75%	0.75%
SCCO	F	0.16%	0.09%	0.09%
UMC	F	0.37%	0.18%	0.18%
VALE	F	0.81%	0.41%	0.41%
VIPS	F	0.12%	0.2%	0.12%
WIT	B	0.18%	0.21%	0.18%

SPWO Overweight 43 Positions Relative to GEM

Symbol	Grade	Weight
TSM	B	16.44%
NVO	F	2.44%
SAP	B	1.85%
INFY	C	1.68%
NVS	F	1.58%
AZN	F	1.5%
UL	D	1.18%
JD	D	1.15%
SHOP	B	1.06%
BHP	F	1.04%
SNY	F	0.86%
ABBV	F	0.76%
RELX	D	0.7%
GSK	F	0.58%
RIO	D	0.55%
CNI	F	0.5%
WCN	A	0.4%
GFI	D	0.3%
HLN	C	0.27%
GOLD	C	0.21%
WDS	D	0.21%
CPNG	D	0.2%
NOK	D	0.19%
ERIC	C	0.18%
RDY	F	0.16%
XPEV	C	0.14%
PAC	B	0.13%
CHKP	C	0.12%
ICLR	D	0.12%
MMYT	B	0.11%
XRX	F	0.11%
JHX	D	0.11%
HTHT	D	0.1%
SQM	D	0.1%
ARM	F	0.1%
ASR	D	0.1%
CYBR	A	0.09%
KOF	F	0.08%
NICE	D	0.07%
WIX	A	0.07%
SNN	D	0.07%
PSO	B	0.06%
TS	B	0.05%

SPWO Underweight 28 Positions Relative to GEM

Symbol	Grade	Weight
BABA	D	-1.93%
IBN	C	-0.8%
HDB	C	-0.46%
KB	B	-0.27%
YUMC	C	-0.24%
SKM	C	-0.22%
QFIN	A	-0.2%
SHG	C	-0.2%
TCOM	B	-0.18%
BIDU	F	-0.15%
NU	C	-0.14%
TME	D	-0.1%
BCH	C	-0.09%
KT	A	-0.09%
BAP	A	-0.08%
ATHM	C	-0.07%
ABEV	F	-0.07%
TAL	F	-0.06%
ERJ	A	-0.05%
XP	F	-0.05%
LPL	D	-0.04%
BRFS	C	-0.04%
KEP	B	-0.04%
ASAI	F	-0.04%
CSAN	F	-0.04%
IQ	F	-0.03%
BVN	D	-0.03%
PAGS	F	-0.03%