FDEM vs. QEMM ETF Comparison

Comparison of Fidelity Targeted Emerging Markets Factor ETF (FDEM) to SPDR MSCI Emerging Markets Quality Mix ETF (QEMM)

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

$25.84

Average Daily Volume

29,212

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QEMM

SPDR MSCI Emerging Markets Quality Mix ETF

QEMM Description

The investment seeks to track the performance of the MSCI Emerging Markets (EM) Quality Mix Index. The index captures large- and mid-cap representation across 23 emerging markets countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.42

Average Daily Volume

2,063

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDEM	QEMM
30 Days	-2.27%	-2.14%
60 Days	0.17%	0.76%
90 Days	0.60%	1.57%
12 Months	17.48%	13.20%

15 Overlapping Holdings

Symbol	Grade	Weight in FDEM	Weight in QEMM	Overlap
ATHM	C	0.5%	0.01%	0.01%
BABA	C	1.37%	0.03%	0.03%
BABA	C	1.37%	0.67%	0.67%
BCH	C	0.38%	0.02%	0.02%
BIDU	F	0.64%	0.09%	0.09%
CHT	A	0.57%	0.51%	0.51%
LPL	F	0.03%	0.02%	0.02%
LPL	F	0.03%	0.03%	0.03%
PDD	F	0.85%	1.14%	0.85%
TCOM	C	0.32%	0.05%	0.05%
VALE	D	0.28%	1.22%	0.28%
VALE	D	0.28%	0.04%	0.04%
VIPS	F	0.1%	0.16%	0.1%
WIT	C	0.17%	0.24%	0.17%
YUMC	D	0.18%	0.06%	0.06%

FDEM Overweight 1 Positions Relative to QEMM

	Symbol	Grade	Weight
	MNSO	F	0.09%

FDEM Underweight 45 Positions Relative to QEMM

Symbol	Grade	Weight
INFY	C	-1.16%
ABEV	C	-0.3%
SCCO	D	-0.25%
HDB	C	-0.25%
SHG	C	-0.24%
BAP	A	-0.22%
RDY	D	-0.19%
SKM	A	-0.19%
KB	D	-0.19%
PBR	D	-0.17%
ITUB	B	-0.17%
IBN	A	-0.15%
IBN	A	-0.14%
UMC	C	-0.12%
PKX	D	-0.11%
QFIN	B	-0.1%
BVN	D	-0.1%
KEP	C	-0.09%
KT	B	-0.08%
KB	D	-0.08%
LEGN	F	-0.07%
KEP	C	-0.06%
GGB	C	-0.05%
CSAN	F	-0.03%
UGP	D	-0.03%
SUZ	F	-0.03%
SBS	B	-0.03%
SHG	C	-0.03%
SBSW	F	-0.03%
CIB	F	-0.02%
VIV	C	-0.02%
LI	D	-0.02%
TME	F	-0.02%
SID	D	-0.02%
ASAI	F	-0.02%
ABEV	C	-0.02%
XPEV	D	-0.01%
SQM	F	-0.01%
BGNE	C	-0.01%
BSAC	C	-0.01%
BEKE	F	-0.01%
CIG	B	-0.01%
IQ	F	-0.0%
ENIC	D	-0.0%
NIO	D	-0.0%