MFEM vs. RNEM ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) to First Trust Emerging Markets Equity Select ETF (RNEM)

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

RNEM

First Trust Emerging Markets Equity Select ETF

RNEM Description

The Emerging Markets Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze Emerging Markets Equity Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

Grade (RS Rating)

Last Trade

$51.01

Average Daily Volume

1,136

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MFEM	RNEM
30 Days	-3.93%	-4.17%
60 Days	0.13%	-5.94%
90 Days	-1.09%	-5.04%
12 Months	12.03%	4.70%

4 Overlapping Holdings

Symbol	Grade	Weight in MFEM	Weight in RNEM	Overlap
BCH	C	0.16%	0.15%	0.15%
CHT	C	0.4%	0.39%	0.39%
GGB	C	0.15%	0.58%	0.15%
VALE	F	0.54%	0.5%	0.5%

MFEM Overweight 19 Positions Relative to RNEM

Symbol	Grade	Weight
SHG	C	0.68%
TME	D	0.46%
KB	B	0.42%
KT	A	0.33%
KEP	B	0.32%
SKM	C	0.27%
PDD	F	0.25%
VIPS	F	0.23%
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 4 Positions Relative to RNEM

Symbol	Grade	Weight
HDB	C	-3.21%
IBN	C	-3.21%
ABEV	F	-0.29%
BAP	A	-0.28%