FDEM vs. EMMF ETF Comparison

Comparison of Fidelity Targeted Emerging Markets Factor ETF (FDEM) to WisdomTree Emerging Markets Multifactor Fund (EMMF)

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

$27.34

Average Daily Volume

27,657

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

EMMF

WisdomTree Emerging Markets Multifactor Fund

EMMF Description

The investment seeks capital appreciation. The fund, an exchange traded fund ("ETF"), is actively managed using a model-based approach. Under normal circumstances, it will invest at least 80% of its net assets in equity securities of emerging markets. The advisor generally expects to invest in large- and mid-capitalization companies, but it may also invest in small-capitalization companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.48

Average Daily Volume

6,091

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	FDEM	EMMF
30 Days	7.70%	2.90%
60 Days	12.12%	8.57%
90 Days	5.88%	1.37%
12 Months	29.17%	26.38%

4 Overlapping Holdings

	Symbol	Grade	Weight in FDEM	Weight in EMMF	Overlap
	CHT	C	0.57%	0.69%	0.57%
	VIPS	B	0.1%	0.51%	0.1%
	WIT	C	0.17%	0.33%	0.17%
	YUMC	B	0.18%	0.92%	0.18%

FDEM Overweight 9 Positions Relative to EMMF

	Symbol	Grade	Weight
	BABA	A	1.37%
	PDD	B	0.85%
	BIDU	C	0.64%
	ATHM	B	0.5%
	BCH	D	0.38%
	TCOM	A	0.32%
	VALE	D	0.28%
	MNSO	C	0.09%
	LPL	D	0.03%

FDEM Underweight 4 Positions Relative to EMMF

	Symbol	Grade	Weight
	SKM	C	-1.03%
	UMC	D	-0.63%
	ABEV	B	-0.36%
	BRFS	D	-0.11%

FDEM: Top Represented Industries & Keywords

Industries: Specialty Retail Internet Content & Information Banks - Regional - Latin America Consumer Electronics Industrial Metals & Minerals Information Technology Services Leisure Restaurants Telecom Services

Keywords: Nasdaq 100 Advertising Services Cloud Computing E-Commerce Electronics Entertainment Systems Finance Solutions Lifestyle Products Mobile Services Retailing Telecommunications ADSL Access Management Advertising Inventory Aftermarket Services Airline Tickets Alloys Aluminum Products Application Products Automotive Aftermarket

EMMF: Top Represented Industries & Keywords

Industries: Telecom Services Beverages - Brewers Information Technology Services Packaged Foods Restaurants Semiconductors Specialty Retail

Keywords: Broadband Information And Communications Technology Internet Access Phone Services Pizza Telecommunications Telephone Services ADSL Access Management Advertising Services Alcohol Anheuser Busch Animal Feed Backup Software Beef Beer Bottled Water Brewing Broadband Access Broadband Internet