MFEM vs. ACWV ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

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

$19.66

Average Daily Volume

8,732

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$112.28

Average Daily Volume

118,828

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

Performance

Period	MFEM	ACWV
30 Days	-4.14%	-2.64%
60 Days	0.20%	-1.27%
90 Days	-0.66%	0.23%
12 Months	11.10%	17.57%

1 Overlapping Holdings

	Symbol	Grade	Weight in MFEM	Weight in ACWV	Overlap
	CHT	C	0.4%	0.37%	0.37%

MFEM Overweight 22 Positions Relative to ACWV

Symbol	Grade	Weight
SHG	D	0.68%
VALE	F	0.54%
TME	F	0.46%
KB	B	0.42%
KT	D	0.33%
KEP	B	0.32%
SKM	D	0.27%
PDD	D	0.25%
VIPS	F	0.23%
BCH	D	0.16%
GGB	C	0.15%
LPL	D	0.13%
BRFS	D	0.13%
SBSW	D	0.11%
YUMC	B	0.1%
SGRP	D	0.09%
FN	B	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 138 Positions Relative to ACWV

Symbol	Grade	Weight
TMUS	B	-2.03%
MSI	B	-1.88%
WMT	A	-1.82%
CSCO	B	-1.57%
WM	B	-1.5%
MCK	A	-1.42%
ROP	C	-1.36%
RSG	A	-1.19%
VRTX	D	-1.13%
PEP	F	-1.08%
MRK	F	-1.06%
JNJ	D	-1.05%
COR	B	-1.05%
MCD	D	-1.02%
BRK.A	B	-0.91%
CB	C	-0.88%
MMC	D	-0.88%
PGR	B	-0.84%
ED	C	-0.84%
UNH	C	-0.83%
KR	B	-0.83%
PG	C	-0.82%
DUK	C	-0.81%
SO	C	-0.8%
NOC	D	-0.77%
AZO	C	-0.77%
VZ	C	-0.76%
MSFT	D	-0.76%
IBM	C	-0.73%
WEC	A	-0.68%
GDDY	A	-0.64%
EA	A	-0.63%
ORLY	B	-0.62%
REGN	F	-0.61%
GIS	F	-0.61%
V	A	-0.59%
K	B	-0.57%
ACGL	D	-0.57%
CBOE	C	-0.54%
APH	B	-0.54%
ORCL	A	-0.54%
LLY	F	-0.52%
ABBV	F	-0.49%
GILD	C	-0.48%
FI	A	-0.48%
CHD	A	-0.46%
HSY	F	-0.44%
MKL	A	-0.43%
ELV	F	-0.42%
WRB	B	-0.41%
KEYS	C	-0.41%
L	A	-0.4%
UTHR	C	-0.4%
WCN	A	-0.39%
INCY	C	-0.38%
TJX	A	-0.37%
BAH	D	-0.37%
KDP	D	-0.36%
FFIV	B	-0.36%
CL	D	-0.35%
VRSN	F	-0.35%
AON	B	-0.35%
AMGN	D	-0.34%
KHC	F	-0.33%
AJG	B	-0.33%
TRV	A	-0.32%
TSN	B	-0.32%
JNPR	D	-0.32%
NBIX	C	-0.31%
HUM	D	-0.31%
BRO	B	-0.3%
GEN	B	-0.3%
KMB	C	-0.3%
AKAM	F	-0.27%
SJM	D	-0.27%
T	A	-0.26%
ACN	C	-0.26%
ERIE	F	-0.26%
MDLZ	F	-0.25%
BMY	A	-0.25%
CF	A	-0.25%
CI	D	-0.24%
YUM	D	-0.24%
FCNCA	A	-0.23%
LMT	D	-0.23%
CME	A	-0.23%
HRL	D	-0.23%
FWONK	B	-0.22%
PTC	B	-0.22%
BDX	F	-0.22%
CPB	D	-0.22%
CTSH	C	-0.21%
ROL	B	-0.21%
MFG	A	-0.21%
JKHY	D	-0.2%
MA	B	-0.19%
BMRN	F	-0.19%
DPZ	C	-0.19%
CAH	B	-0.18%
GD	D	-0.18%
LNG	A	-0.16%
ULTA	F	-0.16%
CMS	C	-0.16%
MPC	D	-0.15%
DGX	A	-0.15%
AIZ	A	-0.13%
WIT	B	-0.12%
CTVA	C	-0.12%
MOH	F	-0.12%
FICO	B	-0.12%
MNST	C	-0.12%
AZPN	A	-0.11%
TDY	B	-0.11%
AEE	A	-0.11%
XEL	A	-0.11%
EG	D	-0.1%
WTW	B	-0.1%
XOM	B	-0.1%
WDAY	C	-0.1%
PCG	A	-0.1%
ABT	A	-0.1%
TPL	A	-0.1%
NEM	D	-0.09%
TRGP	A	-0.08%
AEP	C	-0.07%
IT	C	-0.07%
KNX	B	-0.06%
ANET	C	-0.06%
DINO	D	-0.06%
FANG	D	-0.06%
CHRW	B	-0.06%
CAG	F	-0.05%
GPC	F	-0.05%
HOLX	D	-0.05%
ACI	C	-0.05%
KO	D	-0.05%
HSIC	C	-0.05%
HKD	F	-0.0%