DFEM vs. FDEM ETF Comparison

Comparison of Dimensional Emerging Markets Core Equity 2 ETF (DFEM) to Fidelity Targeted Emerging Markets Factor ETF (FDEM)

DFEM

Dimensional Emerging Markets Core Equity 2 ETF

DFEM Description

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets, which may include frontier markets (emerging market countries in an earlier stage of development). As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in emerging markets equity investments that are defined in the prospectus as Approved Market securities.

Grade (RS Rating)

Last Trade

$26.86

Average Daily Volume

578,714

Number of Holdings ^*

101

* 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

$25.73

Average Daily Volume

28,906

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFEM	FDEM
30 Days	-0.22%	-1.61%
60 Days	-0.52%	-1.51%
90 Days	-0.04%	-0.11%
12 Months	14.05%	16.51%

18 Overlapping Holdings

Symbol	Grade	Weight in DFEM	Weight in FDEM	Overlap
BABA	C	0.99%	1.37%	0.99%
BABA	C	0.02%	1.37%	0.02%
BCH	B	0.03%	0.38%	0.03%
BCH	B	0.0%	0.38%	0.0%
BIDU	F	0.01%	0.64%	0.01%
BIDU	F	0.16%	0.64%	0.16%
CHT	A	0.04%	0.57%	0.04%
CHT	A	0.02%	0.57%	0.02%
LPL	D	0.05%	0.03%	0.03%
LPL	D	0.0%	0.03%	0.0%
PDD	F	0.39%	0.85%	0.39%
TCOM	C	0.01%	0.32%	0.01%
TCOM	C	0.16%	0.32%	0.16%
VALE	D	0.27%	0.28%	0.27%
VIPS	F	0.09%	0.1%	0.09%
WIT	C	0.06%	0.17%	0.06%
WIT	C	0.01%	0.17%	0.01%
YUMC	D	0.14%	0.18%	0.14%

DFEM Overweight 83 Positions Relative to FDEM

Symbol	Grade	Weight
IBN	B	0.61%
KB	D	0.4%
INFY	B	0.3%
HDB	C	0.25%
SHG	C	0.22%
HDB	C	0.17%
UMC	B	0.17%
IBN	B	0.16%
RDY	D	0.13%
ERJ	B	0.13%
ERJ	B	0.13%
GFI	D	0.13%
CX	D	0.1%
XPEV	D	0.09%
GDS	C	0.08%
GGB	C	0.07%
BILI	D	0.07%
PAC	C	0.07%
HMY	C	0.07%
BRFS	B	0.06%
LI	F	0.06%
SBSW	F	0.06%
CAR	F	0.05%
ASR	D	0.05%
SHG	C	0.05%
UMC	B	0.04%
BAP	B	0.04%
OMAB	D	0.03%
TME	F	0.03%
ASAI	F	0.03%
PBR	C	0.03%
PKX	D	0.03%
FMX	D	0.03%
KOF	D	0.03%
ABEV	C	0.03%
ASAI	F	0.03%
GRIN	A	0.02%
VIST	C	0.02%
IMOS	D	0.02%
SKM	A	0.02%
KEP	C	0.02%
SKM	A	0.02%
JKS	D	0.02%
CIB	D	0.02%
SGRP	C	0.02%
SLDB	F	0.01%
EBR	C	0.01%
AKO.A	D	0.01%
SHPH	F	0.01%
PHI	C	0.01%
BSAC	B	0.01%
CSAN	F	0.01%
KB	D	0.01%
GGB	C	0.01%
BGNE	C	0.01%
VIV	C	0.01%
KEP	C	0.01%
BGNE	C	0.01%
SBS	B	0.01%
BBD	C	0.01%
NTES	F	0.01%
ASX	D	0.0%
BAOS	F	0.0%
ELP	C	0.0%
ENIC	D	0.0%
LGHT	A	0.0%
IQ	F	0.0%
CSAN	F	0.0%
NIO	C	0.0%
UGP	D	0.0%
LI	F	0.0%
PDSB	F	0.0%
MGNX	F	0.0%
CCU	D	0.0%
SUZ	F	0.0%
ZLAB	C	0.0%
BZUN	D	0.0%
WF	C	0.0%
CIG	B	0.0%
SQM	D	0.0%
VNET	C	0.0%
ITUB	B	0.0%
ZTO	C	0.0%

DFEM Underweight 2 Positions Relative to FDEM

	Symbol	Grade	Weight
	ATHM	C	-0.5%
	MNSO	F	-0.09%