GEM vs. EEMV ETF Comparison

Comparison of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) to iShares MSCI Emerging Markets Minimum Volatility Index Fund (EEMV)

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

$33.39

Average Daily Volume

70,452

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EEMV

iShares MSCI Emerging Markets Minimum Volatility Index Fund

EEMV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Emerging Markets Minimum Volatility Index. The fund seeks to track the investment results of the MSCI Emerging Markets Minimum Volatility Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI") to measure the performance of equity securities in global emerging markets that in aggregate have lower volatility. It generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$58.04

Average Daily Volume

266,486

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GEM	EEMV
30 Days	3.71%	2.92%
60 Days	3.24%	2.72%
90 Days	5.97%	3.83%
12 Months	14.89%	10.26%

8 Overlapping Holdings

Symbol	Grade	Weight in GEM	Weight in EEMV	Overlap
BAP	C	0.04%	0.45%	0.04%
BVN	C	0.04%	0.35%	0.04%
CHT	D	0.09%	1.48%	0.09%
HDB	C	0.35%	0.27%	0.27%
IBN	A	0.73%	0.31%	0.31%
KT	C	0.07%	0.14%	0.07%
SKM	D	0.21%	0.48%	0.21%
WIT	A	0.2%	0.68%	0.2%

GEM Overweight 27 Positions Relative to EEMV

Symbol	Grade	Weight
BABA	D	1.57%
PDD	D	0.81%
VALE	D	0.49%
KB	A	0.25%
UMC	B	0.25%
VIPS	F	0.21%
SHG	A	0.19%
BIDU	F	0.18%
YUMC	F	0.18%
TME	B	0.16%
TCOM	C	0.15%
QFIN	D	0.14%
SCCO	C	0.1%
BGNE	F	0.09%
ABEV	F	0.09%
GGB	F	0.09%
TAL	D	0.09%
ATHM	D	0.07%
LI	F	0.06%
LPL	B	0.06%
BCH	C	0.05%
IQ	D	0.05%
CSAN	D	0.04%
ASAI	D	0.04%
BZ	D	0.04%
BEKE	C	0.03%
YNDX	C	0.0%

GEM Underweight 2 Positions Relative to EEMV

	Symbol	Grade	Weight
	KEP	D	-0.26%
	LEGN	C	-0.2%