MEMS vs. FMED ETF Comparison

Comparison of Matthews Emerging Markets Discovery Active ETF (MEMS) to Fidelity Disruptive Medicine ETF (FMED)

MEMS

Matthews Emerging Markets Discovery Active ETF

MEMS Description

MEMS aims to capitalize on growth opportunities within the emerging market space, including frontier markets. With a primary focus on small companies, the fund allocates at least 65% of its assets to the common and preferred stocks of these enterprises, with the remaining portion comprising mid-cap companies. The fund seeks sustainable growth based on fundamental characteristics such as balance sheet strength, employee count, cash flow stability, management quality, product lines, marketing strategies, corporate governance, and financial health. Additionally, exclusionary ESG screens may be employed to avoid controversial businesses, such as tobacco, weapons, and fossil fuels. The fund issuer may engage with its portfolio companies on sustainability and governance matters through active dialogue, exercising shareholder rights, and encouraging enhanced ESG disclosure and implementation. Up to 20% of the fund's assets may be invested in developed market companies, including ADRs and GDRs.

Grade (RS Rating)

Last Trade

$27.03

Average Daily Volume

3,562

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FMED

Fidelity Disruptive Medicine ETF

FMED Description

The fund normally invests at least 80% of assets in securities of disruptive medicine companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.03

Average Daily Volume

5,038

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MEMS	FMED
30 Days	4.41%	0.04%
60 Days	8.99%	4.85%
90 Days	4.20%	9.54%
12 Months		20.68%

1 Overlapping Holdings

	Symbol	Grade	Weight in MEMS	Weight in FMED	Overlap
	LEGN	F	4.17%	2.85%	2.85%

MEMS Overweight 1 Positions Relative to FMED

	Symbol	Grade	Weight
	YMM	B	3.59%

MEMS Underweight 9 Positions Relative to FMED

Symbol	Grade	Weight
BSX	A	-5.76%
ALNY	C	-4.64%
UNH	B	-4.58%
ISRG	A	-4.05%
REGN	D	-3.95%
DHR	C	-3.66%
PODD	C	-3.35%
EXAS	C	-3.31%
ARGX	A	-2.82%

MEMS: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application

Keywords: Cancer Cargo Cell Therapy Freight Transport Genscript Biotech Life Sciences Tax Investigation Technology Development Transport Transport Law

FMED: Top Represented Industries & Keywords

Industries: Biotechnology Diagnostics & Research Medical Devices Health Care Plans Medical Instruments & Supplies