EMXC vs. FDEM ETF Comparison

Comparison of iShares MSCI Emerging Markets ex China ETF (EMXC) to Fidelity Targeted Emerging Markets Factor ETF (FDEM)

EMXC

iShares MSCI Emerging Markets ex China ETF

EMXC Description

The investment seeks to track the investment results of the MSCI Emerging Markets ex China Index (the "underlying index"), which is designed to measure equity market performance in global emerging markets. The underlying index is a free float-adjusted market capitalization weighted index that captures large- and mid-capitalization stocks across 23 of the 24 Emerging Markets countries, excluding China. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$58.31

Average Daily Volume

1,930,208

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	EMXC	FDEM
30 Days	-2.83%	-2.61%
60 Days	-4.82%	-1.98%
90 Days	-4.86%	-1.62%
12 Months	13.44%	16.06%

2 Overlapping Holdings

	Symbol	Grade	Weight in EMXC	Weight in FDEM	Overlap
	CHT	D	0.26%	0.57%	0.26%
	WIT	A	0.15%	0.17%	0.15%

EMXC Overweight 3 Positions Relative to FDEM

Symbol	Grade	Weight
HDB	C	1.56%
IBN	C	1.37%
UMC	F	0.26%

EMXC Underweight 11 Positions Relative to FDEM

Symbol	Grade	Weight
BABA	D	-1.37%
PDD	F	-0.85%
BIDU	F	-0.64%
ATHM	D	-0.5%
BCH	F	-0.38%
TCOM	B	-0.32%
VALE	F	-0.28%
YUMC	C	-0.18%
VIPS	F	-0.1%
MNSO	F	-0.09%
LPL	F	-0.03%