AAXJ vs. EQLT ETF Comparison

Comparison of iShares MSCI All Country Asia ex Japan Index Fund (AAXJ) to iShares MSCI Emerging Markets Quality Factor ETF (EQLT)

AAXJ

iShares MSCI All Country Asia ex Japan Index Fund

AAXJ Description

The investment seeks to replicate the returns of the MSCI All Country Asia ex Japan Index. The fund generally invests at least 90% of its assets in securities of the underlying index and in DRs representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization index designed to measure equity market performance of the following 10 developed and emerging market countries or regions: China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan and Thailand. Components primarily include consumer discretionary, financial, industrials and information technology companies.

Grade (RS Rating)

Last Trade

$74.00

Average Daily Volume

607,485

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EQLT

iShares MSCI Emerging Markets Quality Factor ETF

EQLT Description

EQLT tracks an index of emerging market stocks perceived to be higher quality. The starting universe begins with large- and mid-cap stocks from the MSCI Emerging Markets Index. The fund calculates a Quality Score for each security using three fundamental metrics: high return on equity, stable year-over-year earnings growth, and low financial leverage. The fund selects securities with higher quality scores until it covers about half of the market-cap within each country in the parent index. The fund then assigns weights by multiplying each securitys market-cap weight in the parent index by a Tilt Score. The Tilt Score accounts for the securitys quality score and relative market-cap position. The resulting weights are normalized to build the portfolio. Issuers are capped at 5%, along with other country and sector weight limits. The fund may invest in derivatives or engage in securities lending. The index is reviewed and rebalanced semi-annually.

Grade (RS Rating)

Last Trade

$24.06

Average Daily Volume

398

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AAXJ	EQLT
30 Days	-4.42%	-4.09%
60 Days	-0.92%	-2.91%
90 Days	0.48%
12 Months	14.85%

5 Overlapping Holdings

Symbol	Grade	Weight in AAXJ	Weight in EQLT	Overlap
BABA	D	2.51%	4.1%	2.51%
HDB	C	1.26%	1.12%	1.12%
IBN	C	1.15%	2.55%	1.15%
WIT	A	0.13%	0.12%	0.12%
YUMC	C	0.27%	0.33%	0.27%

AAXJ Overweight 11 Positions Relative to EQLT

Symbol	Grade	Weight
TCOM	B	0.49%
BIDU	F	0.35%
UMC	F	0.23%
LI	F	0.21%
CHT	D	0.2%
BGNE	D	0.15%
TME	D	0.12%
XPEV	C	0.11%
NIO	F	0.09%
BILI	D	0.06%
MNSO	F	0.02%

AAXJ Underweight 0 Positions Relative to EQLT

	Symbol	Grade	Weight