SCHE vs. MFEM ETF Comparison

Comparison of Schwab Emerging Markets Equity ETF (SCHE) to PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM)

SCHE

Schwab Emerging Markets Equity ETF

SCHE Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the FTSE Emerging Index. The fund invests at least 90% of net assets in stocks that are included in the index. The index is comprised of large and mid capitalization companies in emerging market countries, as defined by the index provider. It will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry, group of industries or sector to approximately the same extent that its index is so concentrated. The fund may invest up to 10% of its net assets in securities not included in its index.

Grade (RS Rating)

Last Trade

$27.62

Average Daily Volume

1,052,220

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$20.13

Average Daily Volume

8,857

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SCHE	MFEM
30 Days	-1.46%	-2.86%
60 Days	1.50%	-0.98%
90 Days	1.36%	-3.24%
12 Months	14.99%	8.76%

12 Overlapping Holdings

Symbol	Grade	Weight in SCHE	Weight in MFEM	Overlap
AKO.A	C	0.02%	0.03%	0.02%
BCH	C	0.07%	0.17%	0.07%
BRFS	C	0.04%	0.14%	0.04%
CHT	A	0.2%	0.41%	0.2%
GGB	C	0.06%	0.17%	0.06%
PDD	F	0.92%	0.27%	0.27%
SBSW	F	0.03%	0.09%	0.03%
TME	F	0.08%	0.41%	0.08%
VALE	D	0.53%	0.55%	0.53%
VIPS	F	0.06%	0.11%	0.06%
WIT	C	0.12%	0.13%	0.12%
YUMC	D	0.17%	0.07%	0.07%

SCHE Overweight 32 Positions Relative to MFEM

Symbol	Grade	Weight
BABA	C	2.41%
HDB	C	1.49%
IBN	A	0.63%
TCOM	C	0.33%
BIDU	F	0.31%
UMC	C	0.27%
LI	D	0.14%
BGNE	C	0.13%
ABEV	C	0.13%
BEKE	F	0.11%
NIO	D	0.1%
ASAI	F	0.1%
ERJ	C	0.09%
XPEV	D	0.08%
BILI	D	0.06%
YMM	D	0.06%
BZ	F	0.05%
QFIN	B	0.04%
CSAN	F	0.04%
TAL	F	0.04%
RLX	F	0.02%
GDS	C	0.02%
TWI	D	0.02%
ATHM	C	0.02%
EC	D	0.02%
CIB	F	0.01%
WB	F	0.01%
DQ	D	0.01%
IQ	F	0.01%
YY	C	0.01%
DADA	F	0.0%
TUYA	F	0.0%

SCHE Underweight 12 Positions Relative to MFEM

Symbol	Grade	Weight
SHG	C	-0.8%
KB	D	-0.4%
KT	B	-0.35%
KEP	C	-0.33%
SKM	A	-0.28%
LPL	F	-0.15%
ZTO	C	-0.13%
SGRP	C	-0.09%
FN	D	-0.06%
CAR	F	-0.05%
SBLK	D	-0.05%
SIMO	F	-0.04%