FDEM vs. MCHI ETF Comparison

Comparison of Fidelity Targeted Emerging Markets Factor ETF (FDEM) to iShares MSCI China ETF (MCHI)

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

$24.75

Average Daily Volume

25,346

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MCHI

iShares MSCI China ETF

MCHI Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China Index (the "underlying index"). The fund will at all times invest at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is a free float-adjusted market capitalization-weighted index designed to measure the performance of equity securities in the top 85% in market capitalization of Chinese equity markets, as represented by the H-Shares and B-Shares markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.35

Average Daily Volume

3,530,887

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDEM	MCHI
30 Days	0.10%	7.16%
60 Days	1.10%	7.08%
90 Days	5.40%	10.95%
12 Months	15.52%	-7.73%

8 Overlapping Holdings

Symbol	Grade	Weight in FDEM	Weight in MCHI	Overlap
ATHM	D	0.55%	0.09%	0.09%
BABA	C	1.3%	7.74%	1.3%
BIDU	D	0.76%	1.49%	0.76%
MNSO	A	0.13%	0.1%	0.1%
PDD	B	0.8%	3.79%	0.8%
TCOM	A	0.41%	1.48%	0.41%
VIPS	D	0.12%	0.29%	0.12%
YUMC	D	0.23%	0.85%	0.23%

FDEM Overweight 5 Positions Relative to MCHI

Symbol	Grade	Weight
CHT	D	0.62%
BCH	A	0.38%
VALE	D	0.34%
WIT	C	0.16%
LPL	D	0.02%

FDEM Underweight 14 Positions Relative to MCHI

Symbol	Grade	Weight
LI	F	-0.86%
TME	A	-0.48%
ZTO	B	-0.47%
BEKE	B	-0.46%
HTHT	A	-0.43%
BGNE	D	-0.38%
NIO	F	-0.29%
TAL	B	-0.28%
XPEV	F	-0.22%
BZ	A	-0.22%
LEGN	F	-0.19%
BILI	B	-0.12%
QFIN	A	-0.12%
IQ	A	-0.1%