KEMX vs. FDEM ETF Comparison

Comparison of KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) to Fidelity Targeted Emerging Markets Factor ETF (FDEM)

KEMX

KraneShares MSCI Emerging Markets ex China Index ETF

KEMX Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the MSCI Emerging Markets ex China Index. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the underlying index and depositary receipts, including American depositary receipts ("ADRs"), representing such components. The underlying index is a free float-adjusted market capitalization weighted index designed to track the equity market performance of mid- and large-cap companies of emerging market countries, excluding China.

Grade (RS Rating)

Last Trade

$29.96

Average Daily Volume

6,180

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	KEMX	FDEM
30 Days	-2.62%	-2.61%
60 Days	-3.84%	-1.98%
90 Days	-3.98%	-1.62%
12 Months	11.86%	16.06%

5 Overlapping Holdings

Symbol	Grade	Weight in KEMX	Weight in FDEM	Overlap
BCH	F	0.17%	0.38%	0.17%
CHT	D	0.5%	0.57%	0.5%
LPL	F	0.03%	0.03%	0.03%
VALE	F	0.86%	0.28%	0.28%
WIT	A	0.27%	0.17%	0.17%

KEMX Overweight 13 Positions Relative to FDEM

Symbol	Grade	Weight
INFY	B	2.25%
IBN	C	1.55%
HDB	C	1.5%
KB	B	0.77%
SHG	D	0.5%
NU	C	0.46%
BAP	A	0.4%
UMC	F	0.38%
ABEV	F	0.26%
SCCO	F	0.24%
BVN	F	0.22%
KEP	B	0.22%
GGB	C	0.1%

KEMX Underweight 8 Positions Relative to FDEM

Symbol	Grade	Weight
BABA	D	-1.37%
PDD	F	-0.85%
BIDU	F	-0.64%
ATHM	D	-0.5%
TCOM	B	-0.32%
YUMC	C	-0.18%
VIPS	F	-0.1%
MNSO	F	-0.09%