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

Frequently Asked Questions About RISE

What does RISE invest in?

The Pictet Emerging Markets Rising Economies ETF, operating under The 2023 ETF Series Trust, is an exchange-traded fund primarily overseen by Pictet Asset Management Limited, with co-management provided by Tidal Investments LLC. This fund directs its capital toward publicly traded equities within developing economies across the globe. Its portfolio encompasses shares of companies from various sectors, including the financial industry. Stock selections prioritize firms demonstrating both value and momentum attributes, spanning a wide range of market capitalizations. A core principle of its investment strategy is to include companies that exhibit social consciousness in their operations and actively contribute to environmental responsibility. The construction of its investment portfolio is informed by a robust combination of fundamental and quantitative analysis. The ETF measures its performance against the MSCI Emerging Markets Index TR USD. Notably, the fund abstains from investing in companies engaged in civilian firearms, military weaponry and related delivery systems, alcoholic beverages, tobacco products, gambling enterprises, and nuclear energy. This ETF is legally domiciled in the United States.

What is the expense ratio of RISE?

The 2023 ETF Series Trust - Pictet Emerging Markets Rising Economies ETF (RISE) charges an expense ratio of 0.73%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RISE?

The 2023 ETF Series Trust - Pictet Emerging Markets Rising Economies ETF (RISE) manages $21.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is RISE actively managed or an index fund?

RISE is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (RISE's is 0.73%) because there's no security selection cost.

When was RISE launched?

The 2023 ETF Series Trust - Pictet Emerging Markets Rising Economies ETF (RISE) launched in April 2026 and is managed by Pictet.

How has RISE performed?

RISE's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.