GSEE vs. FDEM ETF Comparison

Comparison of Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) to Fidelity Targeted Emerging Markets Factor ETF (FDEM)

GSEE

Goldman Sachs MarketBeta Emerging Markets Equity ETF

GSEE Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive GBS Emerging Markets Large & Mid Cap Index. The fund invests at least 80% of its assets in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index consists of equity securities of large and mid-capitalization issuers covering approximately the largest 85% of the free-float market capitalization in emerging markets.

Grade (RS Rating)

Last Trade

$45.55

Average Daily Volume

8,386

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	GSEE	FDEM
30 Days	-3.69%	-2.61%
60 Days	-1.78%	-1.98%
90 Days	-1.32%	-1.62%
12 Months	11.89%	16.06%

11 Overlapping Holdings

Symbol	Grade	Weight in GSEE	Weight in FDEM	Overlap
ATHM	D	0.02%	0.5%	0.02%
BABA	D	2.16%	1.37%	1.37%
BCH	F	0.06%	0.38%	0.06%
BIDU	F	0.28%	0.64%	0.28%
CHT	D	0.17%	0.57%	0.17%
LPL	F	0.03%	0.03%	0.03%
PDD	F	0.94%	0.85%	0.85%
TCOM	B	0.43%	0.32%	0.32%
VALE	F	0.48%	0.28%	0.28%
VIPS	F	0.06%	0.1%	0.06%
WIT	A	0.11%	0.17%	0.11%

GSEE Overweight 37 Positions Relative to FDEM

Symbol	Grade	Weight
HDB	C	1.38%
IBN	C	0.94%
NU	C	0.53%
KB	B	0.29%
SHG	D	0.21%
UMC	F	0.2%
BEKE	D	0.17%
LI	F	0.16%
BGNE	D	0.12%
ABEV	F	0.12%
ASAI	F	0.11%
TME	D	0.1%
YMM	C	0.08%
NIO	F	0.08%
XP	F	0.08%
ERJ	B	0.08%
HTHT	D	0.08%
XPEV	C	0.08%
MMYT	B	0.07%
GGB	C	0.06%
BILI	D	0.06%
BZ	F	0.05%
TAL	F	0.05%
KEP	B	0.05%
SBSW	D	0.04%
BRFS	D	0.04%
SKM	D	0.03%
CSAN	F	0.03%
QFIN	B	0.03%
STNE	F	0.03%
GDS	C	0.03%
PAGS	F	0.02%
ATAT	C	0.02%
SBLK	F	0.02%
KT	A	0.02%
WB	D	0.01%
IQ	F	0.01%

GSEE Underweight 2 Positions Relative to FDEM

	Symbol	Grade	Weight
	YUMC	C	-0.18%
	MNSO	F	-0.09%