DFEV vs. FDEM ETF Comparison

Comparison of Dimensional Emerging Markets Value ETF (DFEV) to Fidelity Targeted Emerging Markets Factor ETF (FDEM)

DFEV

Dimensional Emerging Markets Value ETF

DFEV Description

The Portfolio is designed to purchase emerging market equity securities that are deemed by the Advisor to be value stocks at the time of purchase, 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 investments that are defined in the Prospectus as Approved Markets securities. The Portfolio may purchase emerging market equity securities across all market capitalizations.

Grade (RS Rating)

Last Trade

$26.88

Average Daily Volume

100,424

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	DFEV	FDEM
30 Days	-3.17%	-2.61%
60 Days	-1.93%	-1.98%
90 Days	-2.06%	-1.62%
12 Months	14.78%	16.06%

11 Overlapping Holdings

Symbol	Grade	Weight in DFEV	Weight in FDEM	Overlap
BABA	D	1.73%	1.37%	1.37%
BABA	D	0.24%	1.37%	0.24%
BIDU	F	0.07%	0.64%	0.07%
BIDU	F	0.5%	0.64%	0.5%
LPL	F	0.08%	0.03%	0.03%
LPL	F	0.01%	0.03%	0.01%
TCOM	B	0.55%	0.32%	0.32%
VALE	F	0.63%	0.28%	0.28%
VIPS	F	0.1%	0.1%	0.1%
WIT	A	0.11%	0.17%	0.11%
WIT	A	0.27%	0.17%	0.17%

DFEV Overweight 39 Positions Relative to FDEM

Symbol	Grade	Weight
HDB	C	0.81%
KB	B	0.81%
SHG	D	0.52%
UMC	F	0.49%
CX	D	0.22%
RDY	F	0.17%
ERJ	B	0.17%
UMC	F	0.12%
HMY	D	0.1%
SBSW	D	0.1%
BRFS	D	0.09%
GGB	C	0.08%
HDB	C	0.08%
BBD	D	0.07%
TME	D	0.06%
CSAN	F	0.06%
ERJ	B	0.05%
FMX	F	0.05%
GGB	C	0.05%
PBR	C	0.05%
JKS	F	0.03%
GDS	C	0.03%
IQ	F	0.03%
PKX	F	0.02%
IMOS	F	0.02%
ASX	D	0.02%
WF	C	0.02%
SHG	D	0.02%
IBN	C	0.01%
KB	B	0.01%
BAOS	F	0.01%
SHPH	F	0.01%
BSBR	F	0.0%
DRD	D	0.0%
IMOS	F	0.0%
VNET	B	0.0%
VIST	A	0.0%
SUZ	C	0.0%
XPEV	C	0.0%

DFEV Underweight 6 Positions Relative to FDEM

Symbol	Grade	Weight
PDD	F	-0.85%
CHT	D	-0.57%
ATHM	D	-0.5%
BCH	F	-0.38%
YUMC	C	-0.18%
MNSO	F	-0.09%