EQLT vs. FNDE ETF Comparison

Comparison of iShares MSCI Emerging Markets Quality Factor ETF (EQLT) to Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE)

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

FNDE

Schwab Fundamental Emerging Markets Large Company Index ETF

FNDE Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental Emerging Markets Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 80% of its net assets in stocks included in the index, including depositary receipts representing securities of the index. It may invest up to 20% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$30.60

Average Daily Volume

631,137

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EQLT	FNDE
30 Days	-4.09%	-3.77%
60 Days	-2.91%	0.36%
90 Days		0.79%
12 Months		18.92%

5 Overlapping Holdings

Symbol	Grade	Weight in EQLT	Weight in FNDE	Overlap
BABA	D	4.1%	2.79%	2.79%
HDB	C	1.12%	0.44%	0.44%
IBN	C	2.55%	0.33%	0.33%
WIT	A	0.12%	0.14%	0.12%
YUMC	C	0.33%	0.33%	0.33%

EQLT Overweight 0 Positions Relative to FNDE

	Symbol	Grade	Weight

EQLT Underweight 14 Positions Relative to FNDE

Symbol	Grade	Weight
VALE	F	-1.8%
JD	D	-0.76%
BIDU	F	-0.37%
UMC	F	-0.35%
GGB	C	-0.3%
CHT	D	-0.28%
SBSW	D	-0.27%
VIPS	F	-0.26%
ABEV	F	-0.22%
BCH	F	-0.1%
PDD	F	-0.08%
BEKE	D	-0.07%
ZTO	F	-0.06%
EC	D	-0.05%