FFSM vs. BKEM ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to BNY Mellon Emerging Markets Equity ETF (BKEM)

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$24.89

Average Daily Volume

23,080

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

BKEM

BNY Mellon Emerging Markets Equity ETF

BKEM Description

The investment seeks to track the performance of the Morningstar Emerging Markets Large Cap IndexSM. Under normal circumstances, in seeking to track the index's performance, the fund generally purchases a representative sample of the securities comprising the index. By using a sampling process, it typically will not invest in all of the securities in the index. The Morningstar® Emerging Markets Large Cap IndexSM is a float-adjusted market capitalization weighted index designed to measure the performance of emerging market large-capitalization stocks. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$58.61

Average Daily Volume

5,539

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	BKEM
30 Days	-3.15%	1.52%
60 Days	-1.03%	3.64%
90 Days	5.17%	8.47%
12 Months	23.84%	9.35%

0 Overlapping Holdings

	Symbol	Grade	Weight in FFSM	Weight in BKEM	Overlap

FFSM Overweight 158 Positions Relative to BKEM

Symbol	Grade	Weight
FTI	A	1.63%
TPX	C	1.58%
EME	A	1.51%
AZO	D	1.46%
AR	A	1.41%
VRT	A	1.4%
MOH	F	1.36%
CROX	C	1.26%
UHS	C	1.23%
ACGL	A	1.23%
XPO	D	1.21%
MUSA	B	1.2%
BJ	A	1.15%
RRX	D	1.14%
PFGC	D	1.14%
ITT	D	1.12%
EXP	B	1.09%
USFD	C	1.06%
DKS	B	1.02%
FN	C	1.01%
PVH	D	1.0%
DOX	F	0.99%
LPLA	A	0.97%
NSIT	D	0.93%
WHD	B	0.92%
AIZ	D	0.88%
ATKR	B	0.88%
FAF	F	0.87%
DFS	B	0.86%
ORI	A	0.86%
CHDN	A	0.84%
LNG	B	0.84%
CACI	A	0.84%
VNT	D	0.83%
NXST	B	0.82%
AYI	D	0.82%
AME	D	0.82%
JLL	C	0.81%
BC	F	0.8%
AIT	C	0.79%
ASGN	D	0.76%
SNX	B	0.75%
STX	C	0.73%
CRL	D	0.73%
GPK	D	0.72%
PRI	C	0.72%
GVA	A	0.71%
RGA	A	0.7%
ON	D	0.7%
MEDP	D	0.7%
BECN	A	0.7%
ACHC	F	0.67%
ALSN	D	0.67%
STLD	D	0.67%
ACM	A	0.66%
PNFP	C	0.66%
AEIS	D	0.66%
CMC	B	0.66%
SNV	C	0.65%
SN	A	0.65%
KBR	A	0.65%
TGLS	B	0.64%
CNM	A	0.64%
PCG	A	0.64%
CC	D	0.63%
WBS	F	0.63%
G	D	0.63%
AES	A	0.6%
CAH	D	0.59%
DT	F	0.59%
HLI	A	0.59%
FCNCA	A	0.59%
MMS	C	0.58%
HOLX	B	0.57%
OLN	C	0.57%
CADE	A	0.57%
FSS	B	0.57%
RJF	A	0.56%
TENB	D	0.56%
CIEN	C	0.56%
KBH	C	0.55%
LPX	C	0.54%
VTR	A	0.54%
AFG	D	0.52%
ESI	D	0.52%
WTFC	A	0.52%
HAYW	C	0.52%
CBT	A	0.51%
MTSI	B	0.51%
EXLS	C	0.5%
OI	F	0.49%
LBRT	B	0.48%
NOMD	D	0.48%
LSCC	F	0.48%
BCO	A	0.46%
WSC	F	0.46%
LGIH	F	0.46%
EPRT	A	0.45%
EBC	B	0.44%
ASO	D	0.43%
LEA	F	0.43%
BOKF	A	0.43%
CHX	B	0.43%
LITE	D	0.41%
CACC	F	0.41%
CWK	B	0.4%
CNXC	F	0.39%
FBP	A	0.39%
FROG	C	0.38%
RUSHA	F	0.37%
FIBK	A	0.36%
OMI	D	0.35%
BOOT	B	0.35%
FLEX	D	0.35%
TMDX	A	0.34%
ESGR	B	0.34%
ICHR	C	0.34%
NOG	B	0.34%
DOOO	B	0.32%
LCII	F	0.32%
DIOD	B	0.31%
ARGX	C	0.31%
WST	F	0.31%
PGNY	F	0.3%
EAT	A	0.29%
ALGM	B	0.29%
PRO	F	0.29%
HELE	D	0.28%
RGEN	D	0.25%
MTB	A	0.25%
IBTX	F	0.24%
CSTM	D	0.23%
KFRC	C	0.22%
TEX	D	0.21%
PATK	C	0.21%
MDGL	C	0.2%
CRNX	A	0.18%
XPRO	B	0.18%
CYTK	D	0.16%
VCEL	B	0.15%
ECPG	D	0.14%
ACLX	C	0.13%
NUVL	C	0.13%
CLDX	C	0.13%
ICLR	D	0.12%
PCVX	C	0.11%
XENE	C	0.09%
AXSM	D	0.09%
LAUR	B	0.08%
TCBK	B	0.07%
PBH	B	0.07%
ARVN	D	0.07%
MORF	F	0.06%
VRNA	D	0.06%
TXG	F	0.05%
ZNTL	F	0.03%
KROS	C	0.02%
ALXO	A	0.01%

FFSM Underweight 42 Positions Relative to BKEM

Symbol	Grade	Weight
BABA	B	-1.87%
PDD	A	-0.99%
IBN	A	-0.89%
HDB	B	-0.64%
VALE	C	-0.62%
BIDU	C	-0.37%
NU	C	-0.36%
TCOM	A	-0.32%
UMC	C	-0.25%
KB	A	-0.25%
LI	D	-0.21%
CHT	D	-0.2%
SHG	B	-0.2%
BEKE	A	-0.15%
ABEV	D	-0.14%
ASAI	F	-0.14%
XP	D	-0.13%
WIT	D	-0.11%
BGNE	D	-0.1%
YMM	A	-0.08%
NIO	D	-0.08%
VIPS	C	-0.08%
BZ	A	-0.07%
TAL	A	-0.07%
SKM	D	-0.06%
XPEV	D	-0.06%
GGB	D	-0.06%
BCH	B	-0.06%
KEP	C	-0.05%
CSAN	D	-0.05%
STNE	C	-0.05%
BILI	B	-0.04%
SBSW	D	-0.04%
PAGS	C	-0.04%
ATHM	C	-0.03%
IQ	B	-0.03%
LPL	D	-0.03%
ZLAB	F	-0.02%
KT	D	-0.02%
SBLK	A	-0.02%
GDS	B	-0.01%
WB	B	-0.01%