MFEM vs. VSS ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) to Vanguard FTSE All-Wld ex-US SmCp Idx ETF (VSS)

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

$20.03

Average Daily Volume

8,440

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VSS

Vanguard FTSE All-Wld ex-US SmCp Idx ETF

VSS Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of international small-cap companies. The fund employs an indexing investment approach designed to track the performance of the FTSE Global Small Cap ex US Index, a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international small-capitalization stocks. The index includes approximately 3,050 stocks of companies located in 46 countries, including both developed and emerging markets.

Grade (RS Rating)

Last Trade

$120.01

Average Daily Volume

219,391

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MFEM	VSS
30 Days	-5.08%	-4.37%
60 Days	1.81%	-2.05%
90 Days	4.61%	3.13%
12 Months	19.72%	18.78%

2 Overlapping Holdings

	Symbol	Grade	Weight in MFEM	Weight in VSS	Overlap
	CAR	C	0.05%	0.06%	0.05%
	SGRP	B	0.09%	0.05%	0.05%

MFEM Overweight 21 Positions Relative to VSS

Symbol	Grade	Weight
SHG	D	0.69%
VALE	F	0.58%
TME	D	0.51%
KB	B	0.41%
CHT	D	0.39%
KT	A	0.31%
PDD	C	0.3%
KEP	A	0.28%
VIPS	F	0.26%
SKM	D	0.26%
BCH	D	0.16%
LPL	F	0.14%
GGB	F	0.14%
BRFS	C	0.12%
SBSW	B	0.1%
FN	B	0.09%
YUMC	A	0.09%
SBLK	F	0.05%
SIMO	F	0.04%
ZTO	C	0.04%
AKO.A	F	0.02%

MFEM Underweight 12 Positions Relative to VSS

Symbol	Grade	Weight
RBA	A	-0.43%
OTEX	F	-0.26%
WFG	C	-0.22%
PRMW	B	-0.12%
FRO	F	-0.1%
TAC	A	-0.08%
IAG	B	-0.08%
LIF	A	-0.08%
LSPD	B	-0.07%
HAFN	F	-0.06%
GOGL	F	-0.05%
DOOO	F	-0.05%