MFEM vs. AVSE ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) to Avantis Responsible Emerging Markets Equity ETF (AVSE)

MFEM

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

MFEM Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor Emerging Markets Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor Emerging Markets Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of factor portfolios, each of which emphasizes one of the following factors: value, low volatility, quality and momentum.

Grade (RS Rating)

Last Trade

$20.80

Average Daily Volume

12,587

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AVSE

Avantis Responsible Emerging Markets Equity ETF

AVSE Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry groups and countries. The fund may invest in companies of all market capitalizations. The portfolio management team limits its investable universe of companies by screening out those that raise concerns based on the team?s evaluation of multiple ESG metrics.

Grade (RS Rating)

Last Trade

$52.79

Average Daily Volume

3,260

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MFEM	AVSE
30 Days	9.67%	10.85%
60 Days	6.44%	7.17%
90 Days	8.41%	9.72%
12 Months	18.00%	22.17%

22 Overlapping Holdings

Symbol	Grade	Weight in MFEM	Weight in AVSE	Overlap
AKO.A	B	0.03%	0.05%	0.03%
ASAI	F	0.06%	0.1%	0.06%
ASAI	F	0.06%	0.08%	0.06%
BCH	A	0.16%	0.09%	0.09%
BRFS	B	0.13%	0.05%	0.05%
CAR	D	0.04%	0.07%	0.04%
CHT	D	0.35%	0.07%	0.07%
KB	A	0.35%	0.43%	0.35%
KT	D	0.29%	0.04%	0.04%
LI	F	0.13%	0.13%	0.13%
LPL	D	0.14%	0.09%	0.09%
NIO	D	0.03%	0.03%	0.03%
PDD	B	0.33%	0.79%	0.33%
SBSW	D	0.13%	0.09%	0.09%
SGRP	C	0.07%	0.03%	0.03%
SHG	B	0.44%	0.33%	0.33%
SKM	C	0.25%	0.0%	0.0%
TME	B	0.46%	0.11%	0.11%
VIPS	D	0.14%	0.3%	0.14%
WIT	D	0.11%	0.06%	0.06%
YUMC	F	0.08%	0.36%	0.08%
ZTO	C	0.15%	0.1%	0.1%

MFEM Overweight 6 Positions Relative to AVSE

Symbol	Grade	Weight
VALE	C	0.62%
KEP	D	0.23%
GGB	C	0.19%
FN	B	0.07%
SIMO	B	0.05%
SBLK	B	0.03%

MFEM Underweight 76 Positions Relative to AVSE

Symbol	Grade	Weight
TSM	B	-4.35%
BABA	B	-1.41%
NTES	D	-0.7%
INFY	F	-0.65%
IBN	C	-0.48%
ITUB	D	-0.41%
HDB	D	-0.38%
HTHT	B	-0.31%
UMC	C	-0.3%
ERJ	C	-0.28%
ASX	D	-0.27%
CPNG	C	-0.27%
TCOM	A	-0.25%
BEKE	B	-0.25%
GFI	B	-0.22%
STNE	B	-0.22%
BAP	C	-0.19%
RDY	F	-0.19%
BBD	F	-0.16%
SCCO	A	-0.16%
SUZ	F	-0.16%
QFIN	B	-0.16%
ASR	B	-0.16%
PAGS	D	-0.15%
TLK	F	-0.15%
FMX	D	-0.14%
XP	F	-0.14%
OMAB	B	-0.13%
CIG	C	-0.13%
SBS	D	-0.12%
TAL	B	-0.12%
EBR	F	-0.11%
PAC	B	-0.11%
MNSO	B	-0.09%
ABEV	F	-0.08%
FINV	B	-0.08%
HOLI	D	-0.07%
ATHM	B	-0.07%
BIDU	C	-0.07%
ELP	F	-0.06%
IQ	C	-0.06%
TKC	B	-0.06%
MOMO	C	-0.06%
SQM	F	-0.05%
YY	C	-0.05%
BSAC	C	-0.05%
IFS	D	-0.04%
IMOS	F	-0.04%
TV	C	-0.04%
CIB	B	-0.04%
BGNE	C	-0.04%
CCU	B	-0.03%
VIV	F	-0.03%
GRIN	B	-0.03%
WB	C	-0.03%
PHI	B	-0.03%
BGNE	C	-0.03%
NOAH	B	-0.03%
SOHU	B	-0.02%
LX	C	-0.02%
BZ	B	-0.02%
BSBR	C	-0.02%
PDSB	F	-0.01%
XPEV	F	-0.01%
VNET	C	-0.01%
NIU	D	-0.0%
DAO	D	-0.0%
BNR	D	-0.0%
TIGR	C	-0.0%
BILI	C	-0.0%
CANG	B	-0.0%
TUYA	B	-0.0%
API	B	-0.0%
CBD	F	-0.0%
CAAS	C	-0.0%
KC	D	-0.0%