FDEM vs. GMF ETF Comparison

Comparison of Fidelity Targeted Emerging Markets Factor ETF (FDEM) to SPDR S&P Emerging Asia Pacific ETF (GMF)

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

$25.68

Average Daily Volume

31,311

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GMF

SPDR S&P Emerging Asia Pacific ETF

GMF Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the S&P Asia Pacific Emerging BMI Index. It generally invests at least 80% of its total assets in the securities comprising the index or in ADRs or GDRs based on securities comprising the index. The index is a market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in emerging Asian Pacific markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$116.67

Average Daily Volume

19,583

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDEM	GMF
30 Days	-2.61%	-4.50%
60 Days	-1.98%	0.55%
90 Days	-1.62%	3.00%
12 Months	16.06%	19.78%

10 Overlapping Holdings

Symbol	Grade	Weight in FDEM	Weight in GMF	Overlap
ATHM	D	0.5%	0.03%	0.03%
BABA	D	1.37%	2.29%	1.37%
BIDU	F	0.64%	0.35%	0.35%
CHT	D	0.57%	0.19%	0.19%
MNSO	F	0.09%	0.02%	0.02%
PDD	F	0.85%	1.1%	0.85%
TCOM	B	0.32%	0.44%	0.32%
VIPS	F	0.1%	0.08%	0.08%
WIT	A	0.17%	0.32%	0.17%
YUMC	C	0.18%	0.31%	0.18%

FDEM Overweight 3 Positions Relative to GMF

Symbol	Grade	Weight
BCH	F	0.38%
VALE	F	0.28%
LPL	F	0.03%

FDEM Underweight 44 Positions Relative to GMF

Symbol	Grade	Weight
TSM	B	-9.03%
HDB	C	-1.59%
IBN	C	-1.22%
INFY	B	-1.08%
UMC	F	-0.32%
MMYT	B	-0.21%
LI	F	-0.18%
ZTO	F	-0.17%
BGNE	D	-0.16%
BEKE	D	-0.16%
XPEV	C	-0.1%
NIO	F	-0.09%
BILI	D	-0.07%
TAL	F	-0.07%
YMM	C	-0.06%
LEGN	F	-0.05%
SIMO	D	-0.04%
TME	D	-0.04%
BZ	F	-0.04%
YY	C	-0.03%
QFIN	B	-0.03%
TIGR	D	-0.02%
MOMO	D	-0.02%
HIMX	F	-0.02%
RLX	C	-0.02%
GDS	C	-0.02%
NOAH	D	-0.01%
QD	C	-0.01%
VNET	B	-0.01%
WB	D	-0.01%
BTBT	C	-0.01%
JKS	F	-0.01%
IQ	F	-0.01%
SOHU	F	-0.01%
DQ	F	-0.01%
DADA	F	-0.0%
NIU	F	-0.0%
API	C	-0.0%
CAN	C	-0.0%
IBN	C	-0.0%
TUYA	F	-0.0%
HUYA	F	-0.0%
LX	C	-0.0%
GOTU	F	-0.0%