FDEM vs. ESGE ETF Comparison

Comparison of Fidelity Targeted Emerging Markets Factor ETF (FDEM) to iShares MSCI EM ESG Optimized ETF (ESGE)

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

$25.40

Average Daily Volume

26,070

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ESGE

iShares MSCI EM ESG Optimized ETF

ESGE Description

The iShares MSCI EM ESG Select ETF seeks to track the investment results of an index composed of large- and mid capitalization emerging market equities that have positive environmental, social and governance characteristics as identified by the index provider.

Grade (RS Rating)

Last Trade

$33.34

Average Daily Volume

797,976

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDEM	ESGE
30 Days	1.67%	1.37%
60 Days	3.37%	3.54%
90 Days	6.05%	6.21%
12 Months	17.40%	9.86%

9 Overlapping Holdings

Symbol	Grade	Weight in FDEM	Weight in ESGE	Overlap
BABA	B	1.44%	2.08%	1.44%
BIDU	C	0.85%	0.42%	0.42%
CHT	C	0.59%	0.27%	0.27%
LPL	D	0.03%	0.08%	0.03%
MNSO	B	0.14%	0.12%	0.12%
PDD	B	0.94%	0.95%	0.94%
TCOM	A	0.41%	0.16%	0.16%
VIPS	D	0.12%	0.25%	0.12%
YUMC	F	0.23%	0.41%	0.23%

FDEM Overweight 4 Positions Relative to ESGE

Symbol	Grade	Weight
ATHM	B	0.57%
BCH	A	0.36%
VALE	C	0.34%
WIT	D	0.16%

FDEM Underweight 9 Positions Relative to ESGE

Symbol	Grade	Weight
IBN	C	-1.33%
HDB	D	-1.0%
KB	B	-0.74%
LI	F	-0.53%
SHG	B	-0.39%
UMC	D	-0.31%
BAP	B	-0.27%
XPEV	F	-0.22%
NIO	D	-0.15%