MFEM vs. NUEM ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) to NuShares ESG Emerging Markets Equity ETF (NUEM)

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

11,427

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NUEM

NuShares ESG Emerging Markets Equity ETF

NUEM Description

The investment seeks to track the investment results, before fees and expenses, of the TIAA ESG Emerging Markets Equity Index (the "index"). In seeking to track the investment results of the index, the advisor attempts to replicate the index by investing all, or substantially all, of its assets in the securities represented in the index in approximately the same proportions as the index. The index identifies equity securities from the MSCI Emerging Markets Index that satisfy certain ESG criteria, based on ESG performance data collected by MSCI ESG Research, Inc.

Grade (RS Rating)

Last Trade

$29.62

Average Daily Volume

19,900

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MFEM	NUEM
30 Days	-2.92%	-4.57%
60 Days	-0.81%	-1.37%
90 Days	-1.06%	0.37%
12 Months	12.05%	10.56%

8 Overlapping Holdings

Symbol	Grade	Weight in MFEM	Weight in NUEM	Overlap
CHT	D	0.4%	0.02%	0.02%
GGB	C	0.15%	0.62%	0.15%
KB	B	0.42%	1.15%	0.42%
LPL	F	0.13%	0.28%	0.13%
SHG	D	0.68%	0.38%	0.38%
SKM	D	0.27%	0.27%	0.27%
TME	D	0.46%	0.59%	0.46%
VIPS	F	0.23%	0.34%	0.23%

MFEM Overweight 15 Positions Relative to NUEM

Symbol	Grade	Weight
VALE	F	0.54%
KT	A	0.33%
KEP	B	0.32%
PDD	F	0.25%
BCH	F	0.16%
BRFS	D	0.13%
SBSW	D	0.11%
YUMC	C	0.1%
SGRP	D	0.09%
FN	D	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 9 Positions Relative to NUEM

Symbol	Grade	Weight
HDB	C	-1.99%
UMC	F	-1.19%
BZ	F	-0.46%
BAP	B	-0.26%
ATHM	D	-0.24%
LI	F	-0.2%
BGNE	D	-0.17%
ERJ	B	-0.15%
BEKE	D	-0.08%