MFEM vs. XCEM ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) to EGShares EM Core ex-China ETF (XCEM)

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

XCEM

EGShares EM Core ex-China ETF

XCEM Description

The investment seeks investment results that correspond to the EGAI Emerging Markets ex-China IndexSM. The fund will invest at least 80% of its net assets in the companies included in the underlying index and generally expects to be substantially invested at such times, with at least 95% of its net assets invested in these securities. The underlying index is a market capitalization-weighted index designed to provide broad, core emerging markets equity exposure by measuring the stock performance of up to 700 companies across the EGAI Emerging Markets Universe, excluding those listed or domiciled in China and Hong Kong. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.13

Average Daily Volume

153,296

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MFEM	XCEM
30 Days	-3.93%	-4.01%
60 Days	0.13%	-4.68%
90 Days	-1.09%	-5.81%
12 Months	12.03%	9.91%

8 Overlapping Holdings

Symbol	Grade	Weight in MFEM	Weight in XCEM	Overlap
BRFS	C	0.13%	0.07%	0.07%
CHT	C	0.4%	0.67%	0.4%
GGB	C	0.15%	0.14%	0.14%
KB	B	0.42%	0.63%	0.42%
SBSW	D	0.11%	0.09%	0.09%
SHG	C	0.68%	0.54%	0.54%
SKM	C	0.27%	0.09%	0.09%
VALE	F	0.54%	0.82%	0.54%

MFEM Overweight 15 Positions Relative to XCEM

Symbol	Grade	Weight
TME	D	0.46%
KT	A	0.33%
KEP	B	0.32%
PDD	F	0.25%
VIPS	F	0.23%
BCH	C	0.16%
LPL	D	0.13%
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 8 Positions Relative to XCEM

Symbol	Grade	Weight
HDB	C	-1.98%
IBN	C	-1.97%
INFY	C	-1.76%
ASAI	F	-0.43%
UMC	F	-0.39%
ERJ	A	-0.34%
WIT	B	-0.26%
ABEV	F	-0.2%