BKEM vs. FDEM ETF Comparison

Comparison of BNY Mellon Emerging Markets Equity ETF (BKEM) to Fidelity Targeted Emerging Markets Factor ETF (FDEM)

BKEM

BNY Mellon Emerging Markets Equity ETF

BKEM Description

The investment seeks to track the performance of the Morningstar Emerging Markets Large Cap IndexSM. Under normal circumstances, in seeking to track the index's performance, the fund generally purchases a representative sample of the securities comprising the index. By using a sampling process, it typically will not invest in all of the securities in the index. The Morningstar® Emerging Markets Large Cap IndexSM is a float-adjusted market capitalization weighted index designed to measure the performance of emerging market large-capitalization stocks. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$60.08

Average Daily Volume

11,180

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDEM

Fidelity Targeted Emerging Markets Factor ETF

FDEM Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Targeted International Factor Index℠. The fund invests at least 80% of its assets in securities included in the index and in depository receipts representing securities included in the index. The index is designed to reflect the performance of stocks of large- and mid-capitalization developed international companies that have attractive valuations, high quality profiles, positive momentum signals, lower volatility than the broader developed international equity market, and lower correlation to the U.S. equity market.

Grade (RS Rating)

Last Trade

$25.68

Average Daily Volume

31,311

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BKEM	FDEM
30 Days	-3.79%	-2.61%
60 Days	-2.08%	-1.98%
90 Days	-1.18%	-1.62%
12 Months	12.11%	16.06%

11 Overlapping Holdings

Symbol	Grade	Weight in BKEM	Weight in FDEM	Overlap
ATHM	D	0.03%	0.5%	0.03%
BABA	D	2.23%	1.37%	1.37%
BCH	F	0.06%	0.38%	0.06%
BIDU	F	0.3%	0.64%	0.3%
CHT	D	0.19%	0.57%	0.19%
LPL	F	0.03%	0.03%	0.03%
PDD	F	0.94%	0.85%	0.85%
TCOM	B	0.41%	0.32%	0.32%
VALE	F	0.48%	0.28%	0.28%
VIPS	F	0.06%	0.1%	0.06%
WIT	A	0.11%	0.17%	0.11%

BKEM Overweight 35 Positions Relative to FDEM

Symbol	Grade	Weight
HDB	C	1.37%
IBN	C	0.95%
NU	C	0.57%
KB	B	0.29%
UMC	F	0.2%
LI	F	0.19%
SHG	D	0.19%
BEKE	D	0.18%
BGNE	D	0.13%
ABEV	F	0.11%
ASAI	F	0.1%
TME	D	0.09%
BILI	D	0.08%
NIO	F	0.08%
XPEV	C	0.08%
XP	F	0.08%
YMM	C	0.08%
MMYT	B	0.07%
ERJ	B	0.07%
KEP	B	0.05%
BZ	F	0.05%
GGB	C	0.05%
TAL	F	0.05%
SBSW	D	0.04%
BRFS	D	0.04%
SKM	D	0.03%
QFIN	B	0.03%
CSAN	F	0.03%
GDS	C	0.03%
STNE	F	0.03%
IQ	F	0.02%
SBLK	F	0.02%
PAGS	F	0.02%
KT	A	0.02%
WB	D	0.01%

BKEM Underweight 2 Positions Relative to FDEM

	Symbol	Grade	Weight
	YUMC	C	-0.18%
	MNSO	F	-0.09%