XCEM vs. FDEM ETF Comparison

Comparison of EGShares EM Core ex-China ETF (XCEM) to Fidelity Targeted Emerging Markets Factor ETF (FDEM)

XCEM

EGShares EM Core ex-China ETF

XCEM Description

The investment seeks investment results that correspond to the EGAI Emerging Markets ex-China IndexSM. The fund will invest at least 80% of its net assets in the companies included in the underlying index and generally expects to be substantially invested at such times, with at least 95% of its net assets invested in these securities. The underlying index is a market capitalization-weighted index designed to provide broad, core emerging markets equity exposure by measuring the stock performance of up to 700 companies across the EGAI Emerging Markets Universe, excluding those listed or domiciled in China and Hong Kong. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.13

Average Daily Volume

153,296

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

$25.73

Average Daily Volume

31,140

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XCEM	FDEM
30 Days	-4.01%	-3.18%
60 Days	-4.68%	-0.98%
90 Days	-5.81%	-1.44%
12 Months	9.91%	16.27%

3 Overlapping Holdings

Symbol	Grade	Weight in XCEM	Weight in FDEM	Overlap
CHT	C	0.67%	0.57%	0.57%
VALE	F	0.82%	0.28%	0.28%
WIT	B	0.26%	0.17%	0.17%

XCEM Overweight 13 Positions Relative to FDEM

Symbol	Grade	Weight
HDB	C	1.98%
IBN	C	1.97%
INFY	C	1.76%
KB	B	0.63%
SHG	C	0.54%
ASAI	F	0.43%
UMC	F	0.39%
ERJ	A	0.34%
ABEV	F	0.2%
GGB	C	0.14%
SBSW	D	0.09%
SKM	C	0.09%
BRFS	C	0.07%

XCEM Underweight 10 Positions Relative to FDEM

Symbol	Grade	Weight
BABA	D	-1.37%
PDD	F	-0.85%
BIDU	F	-0.64%
ATHM	C	-0.5%
BCH	C	-0.38%
TCOM	B	-0.32%
YUMC	C	-0.18%
VIPS	F	-0.1%
MNSO	D	-0.09%
LPL	D	-0.03%