MFDX vs. DBAW ETF Comparison

Comparison of PIMCO Equitiy Series PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX) to db X-trackers MSCI All World ex US Hedged Equity Fund (DBAW)

MFDX

PIMCO Equitiy Series PIMCO RAFI Dynamic Multi-Factor International Equity ETF

MFDX 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

$31.49

Average Daily Volume

19,260

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DBAW

db X-trackers MSCI All World ex US Hedged Equity Fund

DBAW Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI ACWI ex USA US Dollar Hedged Index. The fund, using a "passive" or indexing investment approach, attempts to approximate the investment performance of the underlying index. The underlying index is designed to provide exposure to equity securities in developed and emerging stock markets (excluding the United States), while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.92

Average Daily Volume

9,946

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MFDX	DBAW
30 Days	0.41%	3.23%
60 Days	7.45%	9.12%
90 Days	5.85%	3.08%
12 Months	24.55%	26.55%

32 Overlapping Holdings

Symbol	Grade	Weight in MFDX	Weight in DBAW	Overlap
ABBV	A	0.67%	0.32%	0.32%
AER	D	0.01%	0.07%	0.01%
AGCO	D	0.03%	0.02%	0.02%
BCS	C	0.24%	0.16%	0.16%
CCEP	C	0.06%	0.06%	0.06%
CHKP	C	0.13%	0.06%	0.06%
CNI	D	0.16%	0.22%	0.16%
CYBR	C	0.03%	0.04%	0.03%
DEO	B	0.15%	0.27%	0.15%
DOOO	F	0.02%	0.01%	0.01%
E	B	0.08%	0.13%	0.08%
GOLD	C	0.1%	0.13%	0.1%
HMC	D	0.19%	0.18%	0.18%
LOGI	D	0.14%	0.05%	0.05%
LYG	C	0.1%	0.17%	0.1%
MBAVU	C	0.0%	0.02%	0.0%
MFG	D	0.28%	0.17%	0.17%
MNDY	C	0.02%	0.04%	0.02%
MUFG	D	0.32%	0.41%	0.32%
NMR	F	0.06%	0.06%	0.06%
NVS	D	0.65%	0.82%	0.65%
QGEN	D	0.04%	0.03%	0.03%
RBA	D	0.09%	0.05%	0.05%
SE	B	0.16%	0.11%	0.11%
SMFG	D	0.24%	0.28%	0.24%
SONY	C	0.02%	0.41%	0.02%
STLA	F	0.06%	0.11%	0.06%
TEVA	D	0.1%	0.07%	0.07%
TM	D	0.21%	0.67%	0.21%
UL	C	1.18%	0.58%	0.58%
WFG	A	0.08%	0.02%	0.02%
WIX	D	0.04%	0.03%	0.03%

MFDX Overweight 20 Positions Relative to DBAW

Symbol	Grade	Weight
MDT	B	0.35%
TT	A	0.33%
NXPI	F	0.32%
ARM	C	0.28%
GRMN	D	0.21%
WCN	D	0.19%
SPOT	B	0.16%
ICLR	F	0.11%
LULU	D	0.06%
ALLE	A	0.05%
ALV	F	0.04%
FRO	D	0.03%
PDS	F	0.03%
AEI	B	0.03%
TNK	B	0.02%
ASND	C	0.02%
SFL	D	0.01%
YY	C	0.01%
IAG	C	0.01%
CSIQ	D	0.0%

MFDX Underweight 54 Positions Relative to DBAW

Symbol	Grade	Weight
BABA	A	-0.6%
TD	C	-0.4%
SHOP	C	-0.34%
HDB	C	-0.31%
IBN	C	-0.3%
PDD	B	-0.25%
NU	D	-0.15%
VALE	B	-0.13%
TCOM	A	-0.1%
KB	D	-0.09%
BIDU	B	-0.09%
UMC	D	-0.07%
CHT	C	-0.06%
SHG	C	-0.06%
LI	C	-0.05%
YUMC	B	-0.05%
XRX	D	-0.05%
BGNE	B	-0.04%
ABEV	B	-0.04%
BAP	B	-0.04%
GRAB	B	-0.03%
NIO	B	-0.03%
ASAI	F	-0.03%
TME	B	-0.03%
WIT	C	-0.03%
OTEX	D	-0.03%
SCCO	B	-0.03%
BEKE	B	-0.03%
LEGN	F	-0.02%
VIPS	B	-0.02%
GGB	B	-0.02%
KEP	D	-0.02%
XPEV	B	-0.02%
BCH	D	-0.02%
ERJ	C	-0.02%
XP	F	-0.02%
HTHT	A	-0.02%
PAGS	F	-0.01%
SKM	C	-0.01%
ATHM	A	-0.01%
QFIN	A	-0.01%
CSAN	D	-0.01%
STNE	F	-0.01%
SBSW	D	-0.01%
BVN	D	-0.01%
TAL	B	-0.01%
LPL	D	-0.01%
BRFS	C	-0.01%
BZ	B	-0.01%
FUTU	B	-0.01%
BILI	B	-0.01%
GLBE	C	-0.01%
IQ	D	-0.0%
KT	C	-0.0%