FDEM vs. PXH ETF Comparison

Comparison of Fidelity Targeted Emerging Markets Factor ETF (FDEM) to PowerShares FTSE RAFI Emerging Markets Portfolio (PXH)

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

$25.29

Average Daily Volume

27,555

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PXH

PowerShares FTSE RAFI Emerging Markets Portfolio

PXH Description

The PowerShares FTSE RAFI Emerging Markets Portfolio (Fund) is based on the FTSE RAFI Emerging Markets Index ND (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of the largest Emerging Market equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$20.02

Average Daily Volume

172,659

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDEM	PXH
30 Days	1.11%	2.72%
60 Days	-2.79%	-2.98%
90 Days	0.05%	0.03%
12 Months	15.98%	14.39%

10 Overlapping Holdings

Symbol	Grade	Weight in FDEM	Weight in PXH	Overlap
BABA	B	1.37%	4.24%	1.37%
BCH	B	0.38%	0.09%	0.09%
BIDU	F	0.64%	0.56%	0.56%
CHT	A	0.57%	0.22%	0.22%
PDD	F	0.85%	0.12%	0.12%
TCOM	A	0.32%	0.28%	0.28%
VALE	F	0.28%	2.03%	0.28%
VIPS	F	0.1%	0.14%	0.1%
WIT	B	0.17%	0.08%	0.08%
YUMC	C	0.18%	0.21%	0.18%

FDEM Overweight 3 Positions Relative to PXH

Symbol	Grade	Weight
ATHM	A	0.5%
MNSO	F	0.09%
LPL	F	0.03%

FDEM Underweight 16 Positions Relative to PXH

Symbol	Grade	Weight
HDB	C	-0.87%
UMC	C	-0.53%
GGB	C	-0.26%
SBSW	F	-0.25%
ABEV	C	-0.24%
IBN	C	-0.2%
BRFS	B	-0.17%
QFIN	B	-0.14%
BEKE	C	-0.13%
ERJ	A	-0.13%
ASAI	F	-0.08%
CSAN	F	-0.07%
JKS	F	-0.07%
TME	F	-0.07%
DQ	D	-0.07%
CSIQ	F	-0.05%