MFEM vs. JIVE ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) to JPMorgan International Value ETF (JIVE)

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

$19.65

Average Daily Volume

11,439

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JIVE

JPMorgan International Value ETF

JIVE Description

JIVE taps into various global markets by investing in undervalued stocks and equity-related securities outside the US. This includes common stock, preferred stock, ETFs, depositary receipts, and REITs. The fund uses fundamental analysis, and behavior-based and quantitative screens to find promising investments. In addition, the advisers analysis relies on their proprietary research, information from companies, data from external vendors, and in-house fundamental research. The belief behind the strategy is that market inefficiencies created by investor behavior can lead to valuation opportunities. The fund may also use derivatives for security substitutes and to manage currency risks and cash flows. Additionally, it considers ESG factors in its assessments but may not prioritize them when opportunities align with its main goal. Stocks are sold in the event of declining fundamentals, if adverse political or economic shifts, or when better investment options arise.

Grade (RS Rating)

Last Trade

$57.04

Average Daily Volume

5,636

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MFEM	JIVE
30 Days	-3.93%	-2.51%
60 Days	0.13%	-3.01%
90 Days	-1.09%	-2.72%
12 Months	12.03%	18.07%

6 Overlapping Holdings

Symbol	Grade	Weight in MFEM	Weight in JIVE	Overlap
GGB	C	0.15%	0.16%	0.15%
KB	B	0.42%	0.34%	0.34%
KT	A	0.33%	0.17%	0.17%
SKM	C	0.27%	0.26%	0.26%
VALE	F	0.54%	0.38%	0.38%
VIPS	F	0.23%	0.17%	0.17%

MFEM Overweight 17 Positions Relative to JIVE

Symbol	Grade	Weight
SHG	C	0.68%
TME	D	0.46%
CHT	C	0.4%
KEP	B	0.32%
PDD	F	0.25%
BCH	C	0.16%
LPL	D	0.13%
BRFS	C	0.13%
SBSW	D	0.11%
YUMC	C	0.1%
SGRP	D	0.09%
FN	C	0.09%
CAR	C	0.05%
SBLK	F	0.05%
SIMO	D	0.04%
ZTO	F	0.04%
AKO.A	F	0.02%

MFEM Underweight 15 Positions Relative to JIVE

Symbol	Grade	Weight
NVS	F	-1.82%
BABA	D	-1.47%
HSBH	B	-1.43%
MUFG	B	-1.06%
TD	D	-0.9%
SMFG	B	-0.75%
BCS	A	-0.57%
MFG	A	-0.56%
LYG	D	-0.54%
HMC	F	-0.4%
UMC	F	-0.3%
AER	A	-0.28%
SONY	B	-0.21%
FRO	D	-0.12%
PDS	C	-0.12%