SPEM vs. MFEM ETF Comparison

Comparison of SPDR Index Shares Fund SPDR Portfolio Emerging Markets ETF (SPEM) to PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM)

SPEM

SPDR Index Shares Fund SPDR Portfolio Emerging Markets ETF

SPEM Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Emerging BMI Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.29

Average Daily Volume

1,700,335

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

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

Performance

Period	SPEM	MFEM
30 Days	-3.39%	-2.92%
60 Days	-0.38%	-0.81%
90 Days	1.24%	-1.06%
12 Months	16.45%	12.05%

14 Overlapping Holdings

Symbol	Grade	Weight in SPEM	Weight in MFEM	Overlap
BCH	F	0.02%	0.16%	0.02%
BRFS	D	0.04%	0.13%	0.04%
CHT	D	0.18%	0.4%	0.18%
GGB	C	0.08%	0.15%	0.08%
PDD	F	0.81%	0.23%	0.23%
SBLK	F	0.02%	0.05%	0.02%
SBSW	D	0.03%	0.11%	0.03%
SIMO	D	0.02%	0.04%	0.02%
TME	D	0.06%	0.49%	0.06%
VALE	F	0.02%	0.54%	0.02%
VALE	F	0.39%	0.54%	0.39%
VIPS	F	0.05%	0.22%	0.05%
YUMC	C	0.22%	0.1%	0.1%
ZTO	F	0.11%	0.04%	0.04%

SPEM Overweight 88 Positions Relative to MFEM

Symbol	Grade	Weight
BABA	D	1.92%
HDB	C	1.23%
IBN	C	0.92%
INFY	B	0.88%
NU	C	0.49%
ITUB	F	0.37%
TCOM	B	0.33%
PBR	C	0.28%
BIDU	F	0.27%
UMC	F	0.22%
WIT	A	0.17%
RDY	F	0.16%
BBD	D	0.16%
BAP	B	0.16%
BEKE	D	0.15%
LI	F	0.14%
BGNE	D	0.14%
ERJ	B	0.13%
ABEV	F	0.12%
SCCO	F	0.11%
CIG	C	0.1%
XPEV	C	0.08%
EBR	F	0.08%
NIO	F	0.07%
BILI	D	0.06%
BVN	F	0.06%
YMM	C	0.06%
ASAI	F	0.06%
MMYT	B	0.06%
TAL	F	0.05%
ENIC	D	0.05%
QFIN	B	0.04%
SUZ	C	0.04%
VIST	A	0.04%
CIB	B	0.04%
BZ	F	0.04%
STNE	F	0.03%
LEGN	F	0.03%
CSAN	F	0.03%
GDS	C	0.03%
DQ	F	0.02%
HEPS	C	0.02%
ATHM	D	0.02%
PAGS	F	0.02%
YY	C	0.02%
MNSO	F	0.02%
SID	F	0.02%
DDL	C	0.01%
DAC	B	0.01%
GOTU	F	0.01%
TIGR	D	0.01%
EH	F	0.01%
TEN	F	0.01%
HIMX	F	0.01%
BLTE	C	0.01%
BWMX	D	0.01%
IQ	F	0.01%
SB	F	0.01%
VTEX	D	0.01%
JKS	F	0.01%
MOMO	D	0.01%
BAK	F	0.01%
RLX	C	0.01%
GPI	A	0.0%
VSTA	F	0.0%
IH	F	0.0%
NIU	F	0.0%
TUYA	F	0.0%
DADA	F	0.0%
DOYU	C	0.0%
HUYA	F	0.0%
DSX	F	0.0%
BTBT	C	0.0%
SOHU	F	0.0%
CBAT	F	0.0%
CAN	C	0.0%
CINT	D	0.0%
NEXA	C	0.0%
NOAH	D	0.0%
LX	C	0.0%
FINV	B	0.0%
API	C	0.0%
AFYA	D	0.0%
VNET	B	0.0%
YALA	D	0.0%
RERE	B	0.0%
RNW	D	0.0%
WB	D	0.0%

SPEM Underweight 10 Positions Relative to MFEM

Symbol	Grade	Weight
SHG	D	-0.68%
KB	B	-0.45%
KEP	B	-0.34%
KT	A	-0.34%
SKM	D	-0.27%
LPL	F	-0.14%
SGRP	D	-0.1%
FN	D	-0.08%
CAR	C	-0.05%
AKO.A	F	-0.03%