NUEM vs. KALL ETF Comparison

Comparison of NuShares ESG Emerging Markets Equity ETF (NUEM) to KraneShares MSCI All China Index ETF (KALL)

NUEM

NuShares ESG Emerging Markets Equity ETF

NUEM Description

The investment seeks to track the investment results, before fees and expenses, of the TIAA ESG Emerging Markets Equity Index (the "index"). In seeking to track the investment results of the index, the advisor attempts to replicate the index by investing all, or substantially all, of its assets in the securities represented in the index in approximately the same proportions as the index. The index identifies equity securities from the MSCI Emerging Markets Index that satisfy certain ESG criteria, based on ESG performance data collected by MSCI ESG Research, Inc.

Grade (RS Rating)

Last Trade

$31.24

Average Daily Volume

22,069

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KALL

KraneShares MSCI All China Index ETF

KALL Description

The investment seeks to provide investment results that correspond to the price and yield performance of the MSCI China All Shares Index. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the index and depositary receipts, including ADRs, representing such components. The index is a free float adjusted market capitalization weighted index designed to track the performance of Chinese exchange-listed equity securities. The securities eligible for inclusion in the index include all types of publicly issued shares of Chinese issuers, such as A-Shares, B-Shares, H-Shares, P-Chips and Red Chips.

Grade (RS Rating)

Last Trade

$23.59

Average Daily Volume

2,326

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NUEM	KALL
30 Days	7.39%	27.00%
60 Days	11.73%	28.76%
90 Days	7.02%	23.30%
12 Months	20.15%	25.47%

6 Overlapping Holdings

Symbol	Grade	Weight in NUEM	Weight in KALL	Overlap
ATHM	A	0.25%	0.2%	0.2%
BEKE	A	0.06%	0.46%	0.06%
BZ	C	0.46%	0.23%	0.23%
LI	C	0.2%	0.54%	0.2%
TME	D	0.56%	0.55%	0.55%
VIPS	C	0.33%	0.34%	0.33%

NUEM Overweight 11 Positions Relative to KALL

Symbol	Grade	Weight
HDB	C	2.03%
UMC	D	1.42%
KB	D	0.99%
GGB	C	0.57%
SHG	D	0.38%
LPL	D	0.3%
SKM	C	0.28%
BAP	B	0.23%
BGNE	B	0.18%
ERJ	C	0.13%
CHT	C	0.02%

NUEM Underweight 11 Positions Relative to KALL

Symbol	Grade	Weight
BABA	A	-5.69%
PDD	D	-2.19%
TCOM	B	-1.04%
BIDU	C	-0.95%
YUMC	C	-0.6%
NIO	C	-0.39%
TAL	C	-0.32%
HTHT	B	-0.32%
BILI	A	-0.27%
QFIN	B	-0.2%
IQ	D	-0.08%