MFEM vs. EMSG ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) to Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (EMSG)

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

$19.54

Average Daily Volume

8,932

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EMSG

Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF

EMSG Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Emerging Markets ESG Leaders Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities (including depositary receipts in respect of such securities) of the underlying index. The underlying index is a capitalization weighted index that provides exposure to companies with high environmental, social and governance ("ESG") performance relative to their sector peers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.67

Average Daily Volume

1,622

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MFEM	EMSG
30 Days	1.89%	2.54%
60 Days	-5.12%	-2.75%
90 Days	-2.50%	1.35%
12 Months	7.89%	12.98%

10 Overlapping Holdings

Symbol	Grade	Weight in MFEM	Weight in EMSG	Overlap
CHT	A	0.39%	0.34%	0.34%
GGB	C	0.16%	0.11%	0.11%
KB	C	0.41%	0.59%	0.41%
LPL	F	0.16%	0.06%	0.06%
SBSW	F	0.1%	0.07%	0.07%
SHG	B	0.78%	0.43%	0.43%
SKM	A	0.27%	0.05%	0.05%
VIPS	F	0.1%	0.1%	0.1%
YUMC	C	0.07%	0.31%	0.07%
ZTO	A	0.12%	0.22%	0.12%

MFEM Overweight 14 Positions Relative to EMSG

Symbol	Grade	Weight
VALE	F	0.55%
TME	F	0.4%
KT	A	0.32%
KEP	B	0.31%
PDD	F	0.27%
BCH	B	0.17%
BRFS	B	0.14%
WIT	B	0.13%
SGRP	C	0.09%
FN	C	0.07%
SBLK	D	0.05%
CAR	F	0.04%
SIMO	F	0.04%
AKO.A	C	0.03%

MFEM Underweight 16 Positions Relative to EMSG

Symbol	Grade	Weight
BABA	B	-3.73%
HDB	C	-1.3%
BIDU	F	-0.57%
INFY	B	-0.57%
UMC	C	-0.46%
BAP	B	-0.28%
LI	F	-0.27%
BGNE	B	-0.25%
BEKE	C	-0.22%
HTHT	D	-0.15%
NIO	D	-0.13%
XPEV	C	-0.11%
ESGE	C	-0.1%
BZ	F	-0.08%
BILI	C	-0.08%
CSAN	F	-0.07%