BKEM vs. MFEM ETF Comparison

Comparison of BNY Mellon Emerging Markets Equity ETF (BKEM) to PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM)

BKEM

BNY Mellon Emerging Markets Equity ETF

BKEM Description

The investment seeks to track the performance of the Morningstar Emerging Markets Large Cap IndexSM. Under normal circumstances, in seeking to track the index's performance, the fund generally purchases a representative sample of the securities comprising the index. By using a sampling process, it typically will not invest in all of the securities in the index. The Morningstar® Emerging Markets Large Cap IndexSM is a float-adjusted market capitalization weighted index designed to measure the performance of emerging market large-capitalization stocks. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$59.10

Average Daily Volume

3,656

Number of Holdings ^*

* 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

$19.95

Average Daily Volume

11,721

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BKEM	MFEM
30 Days	-0.88%	-2.06%
60 Days	1.37%	-1.52%
90 Days	0.07%	-0.58%
12 Months	4.77%	7.10%

16 Overlapping Holdings

Symbol	Grade	Weight in BKEM	Weight in MFEM	Overlap
BCH	C	0.06%	0.16%	0.06%
CHT	D	0.19%	0.38%	0.19%
GGB	F	0.05%	0.16%	0.05%
KB	B	0.26%	0.38%	0.26%
KEP	D	0.04%	0.26%	0.04%
KT	B	0.02%	0.3%	0.02%
LPL	C	0.02%	0.17%	0.02%
PDD	F	1.05%	0.37%	0.37%
SBLK	F	0.02%	0.06%	0.02%
SBSW	F	0.04%	0.11%	0.04%
SHG	A	0.18%	0.74%	0.18%
SKM	A	0.02%	0.25%	0.02%
TME	D	0.11%	0.58%	0.11%
VALE	F	0.53%	0.57%	0.53%
VIPS	F	0.06%	0.11%	0.06%
WIT	B	0.11%	0.12%	0.11%

BKEM Overweight 29 Positions Relative to MFEM

Symbol	Grade	Weight
BABA	B	1.72%
HDB	D	1.38%
IBN	B	0.91%
NU	C	0.36%
BIDU	F	0.3%
TCOM	F	0.29%
UMC	D	0.24%
BEKE	F	0.15%
LI	F	0.13%
ABEV	F	0.11%
ASAI	F	0.1%
YMM	F	0.08%
XP	F	0.08%
BZ	F	0.07%
BGNE	C	0.07%
MMYT	C	0.06%
TAL	F	0.06%
NIO	F	0.06%
BILI	D	0.05%
XPEV	D	0.05%
STNE	D	0.04%
ATHM	F	0.03%
CSAN	F	0.03%
PAGS	C	0.03%
RLX	F	0.02%
QFIN	D	0.02%
IQ	F	0.02%
GDS	B	0.01%
WB	F	0.01%

BKEM Underweight 8 Positions Relative to MFEM

Symbol	Grade	Weight
BRFS	D	-0.12%
ZTO	F	-0.11%
SGRP	D	-0.08%
FN	D	-0.07%
YUMC	F	-0.06%
SIMO	F	-0.05%
CAR	F	-0.04%
AKO.A	C	-0.03%