The 2023 ETF Series Trust - Pictet Emerging Markets Rising Economies ETF
$18.87+0.16 (+0.83%)
- 0.73%
- $22M
- 0M sh
- $18.69
- low $17.53high $19.66
The ETF.net RISE Grade
C
Score 44 out of 100
- 18 of 28
Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C43 out of 100Rank 16 of 28Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 8 of 28Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D27 out of 100Rank 20 of 28Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 12 of 26Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D28 out of 100Rank 25 of 28
Our read on RISE
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.
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
- The 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.
- Active, not a tracker. A manager chooses the emerging market names rather than accepting whatever weight the index hands out.
- Plain 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
- The 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%.
- Small 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.
- Live history starts in 2026, so there is little track record yet showing whether the stock picking clears the index it targets.
RISE Holdings
- Stocks
- 110
- 29%
- ITUB4.SA
Geography
- Brazil27.83%
- South Africa17.45%
- India17.10%
- Chile5.67%
- Mexico4.96%
- Kazakhstan4.27%
- Peru3.69%
- United Arab Emirates3.62%
- 15.40%
Developed 0% · Emerging 100%
RISE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
RISE$10,326
Returns run to the Oct 12, 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.
| Period | RISE |
|---|---|
| Year to date | — |
| 1 month | −1.7% |
| 3 months | +3.3% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RISE |
|---|---|---|
| 2026 YTD | −2.2% |
RISE in the news
RISE Dividends
- $0.18 per share
- Quarterly
Distribution data unavailable.
Distribution history
RISE Risk
- —
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.
- —
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.
- —
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.
- −0.11
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
0.73%
RISE0.73%
- The middle half of Emerging Markets Active Equity funds
- Median 0.65%
15 of the 27 Emerging Markets Active Equity funds charge less.
Other funds in Emerging Markets Active Equity
- CGEMEPacific NoS Global EM Equity Active ETFExpense ratio 0.75%1 year return +39.2%
- CEMKTLazard Emerging Markets Opportunities ETFExpense ratio 0.74%1 year return —
- CREMGEmerging Markets Equity ETFExpense ratio 0.79%1 year return +32.2%
- CVEMVirtus Emerging Markets Dividend ETFExpense ratio 0.49%1 year return —
- DEPEMHarbor Emerging Markets Equity ETF (EPEM)Expense ratio 0.84%1 year return +44.4%