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RISE

GradeCNew York Stock Exchange Arca

The 2023 ETF Series Trust - Pictet Emerging Markets Rising Economies ETF

Active Equity · Pictet · Inception 2026-04-22

$18.85−0.23 (−1.18%)

As of Sep 23, 2026, 11:11 AM EDT

History starts Apr 23, 2026.History starts Apr 23, 2026.History starts Apr 23, 2026.
Intraday session: down, 4 prints from 19.08 to 18.85. Range 18.85 to 19.08. Use the arrow keys to read each point.$18.90$19.00$19.1010 AM12 PM2 PM4 PM
Expense ratio
0.73%
Fund size
$23M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
99
Volume · 30D
0M sh
NAV per share
$18.86
52W range
low $17.53high $19.66

The ETF.net RISE Grade

C

49/ 100

Rank 15 of 28 in Emerging Markets Active Equity⁠

Confidence Medium

Six-pillar profile for RISE. Scores out of 100: Cost 57, Risk 59, Mission not scored, Tradability 21, Holdings 61, Durability 28. Strongest: Holdings (61). Weakest: Tradability (21). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 49 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 57
    Category rank12/28 · top 43%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 59
    Category rank6/28 · top 21%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 21
    Category rank23/28 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 61
    Category rank12/26 · top 46%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 28
    Category rank25/28 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on RISE

ETF.net Research

CPictet's active take on the developing world: a stock-picking emerging markets fund that names its yardstick out loud, the MSCI Emerging Markets Index, and asks to be judged against it over a full market cycle.

Stated mandate

The Fund seeks long-term capital appreciation. It is actively managed and seeks to outperform the MSCI Emerging Markets Index TR USD, net of fees, over a full market cycle.

Why people hold it

  1. 01The mandate is specific: seek long-term capital appreciation and try to beat the MSCI Emerging Markets Index, net of fees, over a full market cycle. Easy scorecard, stated by the fund itself.
  2. 02Active, not a tracker. A manager chooses the emerging market names rather than accepting whatever weight the index hands out.
  3. 03Plain long-only equity in a standard 1940 Act fund: no leverage, options overlay or structural quirks bolted on top of the emerging market exposure.

Worth knowing

  1. 01The 0.73% fee sits above the typical active emerging markets fund, and well above systematic rivals such as AVEM at 0.33% and DFEM at 0.39%.
  2. 02Small asset base and light trading: bid-ask spreads can run wider than in the category's giants, which matters most on large or hurried orders.
  3. 03Live history starts in 2026, so there is little track record yet showing whether the stock picking clears the index it targets.

RISE Holdings

As of Sep 20, 2026, 8:54 AM
Asset class
Stocks
Holdings
99
Top-10 weight
28%
Largest holding
BAP3.1%

Geography

  • Brazil23.74%
  • South Africa19.26%
  • India17.83%
  • Chile6.02%
  • Mexico5.39%
  • Kazakhstan4.36%
  • Peru3.74%
  • Turkey3.63%
  • Other countries (9)16.02%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 8.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BAPCREDICORP LTD3.08%1,814$693K50
002GFNORTEO.MXGRUPO FINANCIERO BANORTE3.02%61,126$678K112
003NPN.JONASPERS LTD-N SHS2.87%14,708$645K90
004HCLTECH.NSHCL TECHNOLOGIES LTD2.84%48,922$637K12
005ITUB4.SAITAU UNIBANCO HOLDING S-2.83%77,457$635K83
006GFI.JOGOLD FIELDS LTD2.83%15,030$635K80
007PETR4.SAPETROBRAS - PETROLEO BRA2.80%66,879$628K84
008INFYINFOSYS LIMITED2.57%53,300$577K50
009COFORGE.NSCOFORGE LIMITED2.45%28,704$551K11
010BPAC11.SABANCO BTG PACTUAL SA-UNI2.38%45,037$536K85
011—FIRST ABU DHABI BANK PJS2.23%93,932$502K3
012VAL.JOVALTERRA PLATINUM LIMITE2.03%5,285$457K88
013SBK.JOSTANDARD BANK GROUP LTD1.97%23,266$442K85
014HSBK.ILHALYK SAVINGS BANK GDR1.87%12,714$420K4
0151023.KLCIMB GROUP HOLDINGS BERHAD1.85%222,311$416K67

Showing 1–15 of 106 holdings

RISE Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

RISE$10,367
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. RISE $10,367. SPY $10,415. Use the arrow keys to read each point.$9,722$10,236$10,749Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for RISE. Periods over one year show the average yearly return.
PeriodRISE
Year to dateFund launched this year—
1 month−1.3%
3 months+3.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for RISE
YearReturn barRISE
2026 YTD−1.8%

History from Apr 23, 2026

RISE in the news

RISE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.09 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Jun 25, 2026 $0.09. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Jun 25, 2026Jun 30, 2026$0.09

RISE Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−0.11
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

RISE Cost

Expense ratio0.73%
  • The middle half of Emerging Markets Active Equity funds
  • Median 0.65%

15 of the 27 Emerging Markets Active Equity funds charge less.

RISE costs $73.00 a year on $10,000. The median Emerging Markets Active Equity fund costs $65.00.