MFEM vs. DFEM ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) to Dimensional Emerging Markets Core Equity 2 ETF (DFEM)

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

$20.73

Average Daily Volume

12,587

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFEM

Dimensional Emerging Markets Core Equity 2 ETF

DFEM Description

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets, which may include frontier markets (emerging market countries in an earlier stage of development). As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in emerging markets equity investments that are defined in the prospectus as Approved Market securities.

Grade (RS Rating)

Last Trade

$26.99

Average Daily Volume

626,943

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MFEM	DFEM
30 Days	9.67%	8.99%
60 Days	6.44%	6.38%
90 Days	8.41%	8.74%
12 Months	18.00%	18.78%

32 Overlapping Holdings

Symbol	Grade	Weight in MFEM	Weight in DFEM	Overlap
AKO.A	B	0.03%	0.01%	0.01%
ASAI	F	0.06%	0.05%	0.05%
ASAI	F	0.06%	0.03%	0.03%
BCH	A	0.16%	0.0%	0.0%
BCH	A	0.16%	0.03%	0.03%
BRFS	B	0.13%	0.05%	0.05%
CAR	D	0.04%	0.04%	0.04%
CHT	D	0.35%	0.02%	0.02%
CHT	D	0.35%	0.04%	0.04%
GGB	C	0.19%	0.09%	0.09%
GGB	C	0.19%	0.01%	0.01%
KB	A	0.35%	0.4%	0.35%
KEP	D	0.23%	0.01%	0.01%
KEP	D	0.23%	0.01%	0.01%
LI	F	0.13%	0.0%	0.0%
LI	F	0.13%	0.02%	0.02%
LPL	D	0.14%	0.04%	0.04%
NIO	D	0.03%	0.04%	0.03%
PDD	B	0.33%	0.58%	0.33%
SBSW	D	0.13%	0.0%	0.0%
SBSW	D	0.13%	0.02%	0.02%
SGRP	C	0.07%	0.01%	0.01%
SHG	B	0.44%	0.2%	0.2%
SHG	B	0.44%	0.04%	0.04%
SKM	C	0.25%	0.02%	0.02%
SKM	C	0.25%	0.01%	0.01%
TME	B	0.46%	0.04%	0.04%
VALE	C	0.62%	0.36%	0.36%
VIPS	D	0.14%	0.09%	0.09%
WIT	D	0.11%	0.06%	0.06%
WIT	D	0.11%	0.01%	0.01%
YUMC	F	0.08%	0.19%	0.08%

MFEM Overweight 5 Positions Relative to DFEM

Symbol	Grade	Weight
KT	D	0.29%
ZTO	C	0.15%
FN	B	0.07%
SIMO	B	0.05%
SBLK	B	0.03%

MFEM Underweight 61 Positions Relative to DFEM

Symbol	Grade	Weight
BABA	B	-1.31%
IBN	C	-0.54%
HDB	D	-0.24%
BIDU	C	-0.2%
INFY	F	-0.19%
UMC	C	-0.18%
TCOM	A	-0.18%
IBN	C	-0.16%
GFI	B	-0.16%
CX	D	-0.14%
RDY	F	-0.12%
ERJ	C	-0.12%
ERJ	C	-0.12%
BILI	C	-0.08%
HMY	B	-0.08%
PAC	B	-0.08%
ASR	B	-0.06%
IQ	C	-0.05%
OMAB	B	-0.04%
GDS	D	-0.04%
BAP	C	-0.04%
KOF	B	-0.03%
JKS	D	-0.03%
XPEV	F	-0.03%
SQM	F	-0.03%
FMX	D	-0.03%
ABEV	F	-0.03%
VIST	B	-0.02%
PBR	A	-0.02%
CSAN	F	-0.02%
IMOS	F	-0.02%
PKX	F	-0.02%
CIB	B	-0.02%
CSAN	F	-0.01%
TLK	F	-0.01%
SHPH	D	-0.01%
SLDB	D	-0.01%
PHI	B	-0.01%
BSAC	C	-0.01%
NTES	D	-0.01%
BGNE	C	-0.01%
VIV	F	-0.01%
SBS	D	-0.01%
BBD	F	-0.01%
GRIN	B	-0.01%
UMC	C	-0.01%
LGHT	A	-0.0%
IFS	D	-0.0%
IAC	B	-0.0%
HTHT	B	-0.0%
BAOS	F	-0.0%
HDB	D	-0.0%
ENIC	B	-0.0%
BZUN	C	-0.0%
MGNX	F	-0.0%
CIG	C	-0.0%
CCU	B	-0.0%
EBR	F	-0.0%
ZLAB	C	-0.0%
TCOM	A	-0.0%
BIDU	C	-0.0%