Fund Objective

Seeks investment results that correspond (before fees and expenses) to the price and yield performance of the Beta Thematic Emerging Markets ex-China Index.

Index Description

The Beta Thematic Emerging Markets ex-China Index is a market capitalization-weighted index designed to provide broad, core emerging markets equity exposure by measuring the stock performance of up to 700 emerging markets companies, excluding companies listed or domiciled in China or Hong Kong.

Reasons To Invest

  • Broad country exposure: This Fund captures predominantly large and mid-cap companies in 14 emerging markets
  • Excludes China and Hong Kong: All types of China shares classes are excluded, including A-shares
  • Control the size and style of China in a portfolio: By choosing a core emerging market exposure that intentionally excludes China, investors can decide how much to invest in China as well as the style and vehicle with which they are investing.

Key Statistics

as of 9/30/2017
ETF Ticker (NYSE) XCEM
Bloomberg Index Ticker EGAXCEMT
Inception Date 9/2/2015
Expense Ratio 0.70% Gross, 0.35% Net*
Holdings 102
Average Market Cap $ 51.39B
Median Market Cap $ 20.83B
Total Constituent Daily Traded Value $ 7.88B
P/E Ratio (Trailing) 14.58x
Price/Book Ratio 1.62x
Index Dividend Yield 2.54%

Country Breakdown

as of 9/30/2017
Country Weights (%)
South Korea 18.29
Taiwan 16.60
Brazil 14.23
India 11.45
South Africa 9.64
Mexico 5.53
Thailand 5.00
Malaysia 4.10
Russia 3.84
Indonesia 3.60
Poland 2.47
Turkey 1.95
Philippines 1.90
Chile 1.39

Sector Breakdown (GICS)

as of 9/30/2017
Sector Weights (%)
Financials 27.89
Information Technology 19.01
Materials 10.55
Consumer Staples 10.31
Consumer Discretionary 9.49
Energy 9.22
Industrials 4.76
Telecommunication Services 4.15
Health Care 2.47
Utilities 1.87
Real Estate 0.29

Top Holdings (Ticker)

as of 9/30/2017
Company Weights (%)
Samsung Electronics 6.32
Taiwan Semiconductor Manufacturing 4.49
HDFC Bank Ltd-ADR 4.36
ICICI Bank-Spon ADR 2.87
Itau Unibanco Holding SA-Pref 2.54
Petrobras - Petroleo Bras-Pr 2.16
Infosys Ltd-Sp ADR 2.13
Naspers Series N 2.10
Vale SA-Pref 2.06
Tata Motors Ltd-Spon ADR 2.04

Performance

as of 9/30/2017
  3-Month (%) Year-to-Date (%) 1-Year (%) Since Inception (%)
Total Returns (Net Asset Value) 5.77 22.55 19.71 19.08
Total Returns (Market Price) 5.95 23.79 19.68 19.64
Beta Thematic Emerging Markets ex-China Index 6.57 23.07 19.08 18.62

Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance data may be higher or lower than actual data quoted. For the most current month-end performance data please call 888.800.4347.

Market price returns are based on the midpoint of the bid/ask spread at 4 pm ET and do not represent the returns an investor would receive if shares were traded at other times.

Returns over one year are annualized.

Performance results shown reflect the expense reimbursement, without which the results would have been lower.

Fund Literature

Disclosures

*CMIA has entered into a written fee waiver agreement to waive its advisory fee to 0.35% of the Fund's average daily net assets. The Fee Waiver Agreement will remain in effect and will be contractually binding until August 31, 2018.

Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its Underlying Index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration risk results from maintaining exposure to issuers conducting business in a specific industry. Small-cap and mid-cap companies generally will have greater volatility in price than the stocks of large companies due to limited product lines or resources or a dependency upon a particular market niche. One cannot invest directly in an Index.