MINV vs. EQLT ETF Comparison

Comparison of Matthews Asia Innovators Active ETF (MINV) to iShares MSCI Emerging Markets Quality Factor ETF (EQLT)

MINV

Matthews Asia Innovators Active ETF

MINV Description

The investment seeks long-term capital appreciation. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in Asia that Matthews believes are innovators in their products, services, processes, business models, management, use of technology, or approach to creating, expanding or servicing their markets.

Grade (RS Rating)

Last Trade

$27.97

Average Daily Volume

3,095

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EQLT

iShares MSCI Emerging Markets Quality Factor ETF

EQLT Description

EQLT tracks an index of emerging market stocks perceived to be higher quality. The starting universe begins with large- and mid-cap stocks from the MSCI Emerging Markets Index. The fund calculates a Quality Score for each security using three fundamental metrics: high return on equity, stable year-over-year earnings growth, and low financial leverage. The fund selects securities with higher quality scores until it covers about half of the market-cap within each country in the parent index. The fund then assigns weights by multiplying each securitys market-cap weight in the parent index by a Tilt Score. The Tilt Score accounts for the securitys quality score and relative market-cap position. The resulting weights are normalized to build the portfolio. Issuers are capped at 5%, along with other country and sector weight limits. The fund may invest in derivatives or engage in securities lending. The index is reviewed and rebalanced semi-annually.

Grade (RS Rating)

Last Trade

$24.06

Average Daily Volume

398

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MINV	EQLT
30 Days	-2.29%	-4.09%
60 Days	1.69%	-2.91%
90 Days	2.30%
12 Months	22.12%

2 Overlapping Holdings

	Symbol	Grade	Weight in MINV	Weight in EQLT	Overlap
	BABA	D	3.72%	4.1%	3.72%
	IBN	C	2.27%	2.55%	2.27%

MINV Overweight 9 Positions Relative to EQLT

Symbol	Grade	Weight
SE	B	6.89%
TCOM	B	3.5%
GRAB	B	3.3%
MMYT	B	3.05%
PDD	F	2.41%
TSM	B	1.41%
BEKE	D	1.34%
BILI	D	1.28%
CPNG	D	1.13%

MINV Underweight 3 Positions Relative to EQLT

Symbol	Grade	Weight
HDB	C	-1.12%
YUMC	C	-0.33%
WIT	A	-0.12%