VWO vs. AVXC ETF Comparison

Comparison of Vanguard FTSE Emerging Markets ETF (VWO) to Avantis Emerging Markets ex-China Equity ETF (AVXC)

VWO

Vanguard FTSE Emerging Markets ETF

VWO Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries. The fund employs an indexing investment approach by investing substantially all (approximately 95%) of its assets in the common stocks included in the FTSE Emerging Index, while employing a form of sampling to reduce risk. The FTSE Emerging Index includes approximately 851 common stocks of companies located in emerging markets around the world. As of May 31, 2013, the largest markets covered in the index were China, Brazil, Taiwan, and India.

Grade (RS Rating)

Last Trade

$45.41

Average Daily Volume

8,279,957

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AVXC

Avantis Emerging Markets ex-China Equity ETF

AVXC Description

AVXC aims to achieve long-term capital growth by investing in a varied selection of companies from emerging markets, with China being a notable exception. It prioritizes companies with smaller market capitalizations that exhibit strong profitability and value characteristics. The manager utilizes financial data and market information to identify suitable securities, focusing on metrics like adjusted book/price and cash from operations to book value ratios. Additional factors considered include industry classification, historical performance, liquidity, among others. Security weightings are determined based on market capitalization and potential for returns relative to its peers. AVXC adjusts its holdings according to desired characteristics and may reduce exposure or sell if criteria are not met, considering past performance, expected returns, implementation costs, and tax implications. The fund has the capability to invest in foreign-denominated securities and partake in securities lending activities.

Grade (RS Rating)

Last Trade

$51.65

Average Daily Volume

16,839

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VWO	AVXC
30 Days	-3.65%	-2.86%
60 Days	-0.55%	-4.68%
90 Days	1.05%	-4.62%
12 Months	15.51%

38 Overlapping Holdings

Symbol	Grade	Weight in VWO	Weight in AVXC	Overlap
ABEV	F	0.11%	0.1%	0.1%
AKO.A	F	0.01%	0.06%	0.01%
ASAI	F	0.0%	0.12%	0.0%
ASAI	F	0.07%	0.12%	0.07%
AZUL	F	0.0%	0.0%	0.0%
BAK	F	0.0%	0.02%	0.0%
BBD	D	0.01%	0.3%	0.01%
BCH	F	0.06%	0.11%	0.06%
BRFS	D	0.03%	0.06%	0.03%
BSAC	F	0.01%	0.03%	0.01%
BSBR	F	0.01%	0.04%	0.01%
CAR	C	0.02%	0.11%	0.02%
CHT	D	0.04%	0.11%	0.04%
CHT	D	0.12%	0.11%	0.11%
CIB	B	0.03%	0.04%	0.03%
CIG	C	0.01%	0.16%	0.01%
CSAN	F	0.03%	0.08%	0.03%
EBR	F	0.0%	0.14%	0.0%
EC	D	0.01%	0.02%	0.01%
ERJ	B	0.06%	0.21%	0.06%
ERJ	B	0.01%	0.21%	0.01%
GGB	C	0.0%	0.16%	0.0%
GGB	C	0.04%	0.16%	0.04%
HDB	C	1.29%	0.8%	0.8%
IBN	C	0.66%	0.47%	0.47%
IMOS	F	0.01%	0.01%	0.01%
ITUB	F	0.06%	0.4%	0.06%
RDY	F	0.03%	0.21%	0.03%
SBS	B	0.02%	0.13%	0.02%
SBSW	D	0.04%	0.18%	0.04%
SGRP	D	0.02%	0.08%	0.02%
SID	F	0.0%	0.05%	0.0%
SQM	F	0.0%	0.08%	0.0%
UMC	F	0.04%	0.27%	0.04%
UMC	F	0.14%	0.27%	0.14%
VALE	F	0.46%	0.69%	0.46%
WIT	A	0.08%	0.1%	0.08%
WIT	A	0.02%	0.1%	0.02%

VWO Overweight 43 Positions Relative to AVXC

Symbol	Grade	Weight
BABA	D	2.32%
PDD	F	0.95%
TCOM	B	0.4%
BIDU	F	0.28%
YUMC	C	0.19%
BEKE	D	0.15%
LI	F	0.15%
BGNE	D	0.14%
TME	D	0.09%
XPEV	C	0.08%
BILI	D	0.07%
NIO	F	0.07%
YMM	C	0.07%
BZ	F	0.05%
TAL	F	0.05%
VIPS	F	0.05%
QFIN	B	0.04%
ATAT	C	0.02%
ATHM	D	0.02%
GDS	C	0.02%
DDL	C	0.01%
WB	D	0.01%
EH	F	0.01%
CSIQ	F	0.01%
FINV	B	0.01%
ELP	F	0.01%
YY	C	0.01%
DQ	F	0.01%
MOMO	D	0.01%
JKS	F	0.01%
IQ	F	0.01%
RLX	C	0.01%
ENIC	D	0.0%
BAOS	F	0.0%
JEWL	F	0.0%
HUYA	F	0.0%
DADA	F	0.0%
ATHM	D	0.0%
DAO	B	0.0%
CAN	C	0.0%
SOHU	F	0.0%
VNET	B	0.0%
GOTU	F	0.0%

VWO Underweight 38 Positions Relative to AVXC

Symbol	Grade	Weight
TSM	B	-8.26%
INFY	B	-0.89%
KB	B	-0.55%
PBR	C	-0.44%
SHG	D	-0.37%
ASX	D	-0.32%
BAP	B	-0.31%
GFI	D	-0.23%
PAC	B	-0.18%
NU	C	-0.16%
SUZ	C	-0.16%
FMX	F	-0.14%
TLK	D	-0.14%
LPL	F	-0.12%
SCCO	F	-0.11%
HMY	D	-0.11%
CX	D	-0.1%
VIV	F	-0.09%
TKC	C	-0.09%
TWI	F	-0.09%
ASR	D	-0.09%
OMAB	D	-0.08%
SKM	D	-0.08%
IFS	B	-0.07%
TV	F	-0.07%
XP	F	-0.06%
PKX	F	-0.06%
KEP	B	-0.05%
VLRS	C	-0.05%
KT	A	-0.04%
UGP	F	-0.04%
PAGS	F	-0.04%
SSL	F	-0.04%
PHI	D	-0.04%
CCU	D	-0.04%
PAX	B	-0.02%
BVN	F	-0.02%
SHPH	F	-0.0%