# Portfolio overlap — EMDM vs VCGEX

Comparing **First Trust Bloomberg Emerging Market Democracies ETF** (2026-03-31) and **Emerging Economies Fund** (2026-02-28).

- Shared positions: 72
- First Trust Bloomberg Emerging Market Democracies ETF covered by Emerging Economies Fund: 0.3915417720954685288770928693
- Emerging Economies Fund covered by First Trust Bloomberg Emerging Market Democracies ETF: 0.3915417720954685288770928693

## First Trust Bloomberg Emerging Market Democracies ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| SAMSUNG ELECTRONICS CO LTD | 0.116600 | ✓ |
| TSMC | 0.104101 | ✓ |
| GRUPO MEXICO-B | 0.054375 | ✓ |
| SK HYNIX INC | 0.049601 | ✓ |
| PETROBRAS-PREF | 0.038613 | ✓ |
| ANGLOGOLD ASHANTI PLC | 0.028877 | ✓ |
| COMMON STOCK | 0.027900 |  |
| GRUPO F BANORT-O | 0.025178 | ✓ |
| ITAU UNIBAN-PREF | 0.024843 | ✓ |
| OTP BANK (REG) | 0.024801 | ✓ |
| NASPERS NPV | 0.024236 | ✓ |
| PKN ORLEN | 0.024143 |  |
| GOLD FIELDS LTD | 0.023800 | ✓ |
| PKOBP | 0.023237 | ✓ |
| VALE SA | 0.022981 | ✓ |
| FOMENTO ECON-UBD | 0.018730 |  |
| CREDICORP LTD | 0.016461 |  |
| FIRSTRAND LTD | 0.015502 | ✓ |
| PEKAO | 0.014253 |  |
| STANDARD BANK GR | 0.013984 | ✓ |
| WALMART DE MEXIC | 0.013202 | ✓ |
| CAPITEC BANK HOLDINGS LTD COMMON STOCK | 0.013055 | ✓ |
| HDFC BANK LTD | 0.012179 | ✓ |
| BRADESCO SA-PREF | 0.011870 | ✓ |
| MTN GROUP LTD | 0.011351 | ✓ |
| BANCO SANTA-UNIT | 0.011042 |  |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.009748 | ✓ |
| WEG SA | 0.009718 |  |
| ICICI BANK LTD | 0.009516 | ✓ |
| B3 SA | 0.009215 | ✓ |
| HYUNDAI MOTOR CO | 0.008923 | ✓ |
| ITAUSA SA - PREFERRED SHARES | 0.008341 |  |
| DELTA ELEC | 0.007888 | ✓ |
| AXIA ENERGIA | 0.007766 |  |
| HON HAI | 0.006808 | ✓ |
| MEDIATEK | 0.006496 | ✓ |
| BANCO DO BRASIL | 0.006288 |  |
| AMBEV SA | 0.006285 |  |
| BHARTI AIRTEL LIMITED | 0.005707 | ✓ |
| KB FINANCIAL GRO | 0.005697 | ✓ |
| DREY-GVT CSH-I | 0.004954 |  |
| HANWHA AEROSPACE | 0.004948 | ✓ |
| INFOSYS LTD COMMON STOCK | 0.004695 | ✓ |
| SHINHAN FINANCIA | 0.004453 | ✓ |
| LARSEN and TOUBRO LTD | 0.003997 | ✓ |
| STATE BANK IND | 0.003954 | ✓ |
| KIA CORP | 0.003755 | ✓ |
| AXIS BK LTD | 0.003707 | ✓ |
| ASE TECHNOLOGY H | 0.003495 | ✓ |
| HANA FINANCIAL G | 0.003265 | ✓ |

## Emerging Economies Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.133261 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.064938 | ✓ |
| TENCENT HOLDINGS LTD | 0.040761 |  |
| SK HYNIX INC | 0.038957 | ✓ |
| BABA-W | 0.024037 |  |
| State Street Navigator Securities Lending Portfolio II | 0.016468 |  |
| HON HAI | 0.011260 | ✓ |
| HDFC BANK LTD | 0.010032 | ✓ |
| DELTA ELEC | 0.009045 | ✓ |
| CCB-H | 0.008489 |  |
| ICICI BANK LTD | 0.007413 | ✓ |
| MEDIATEK | 0.007285 | ✓ |
| PING AN-H | 0.007170 |  |
| ITAU UNIBAN-PREF | 0.007062 | ✓ |
| AL RAJHI BANK | 0.006864 |  |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.006191 | ✓ |
| FIRSTRAND LTD | 0.006062 | ✓ |
| MALAYAN BANKING | 0.006011 |  |
| CAPITEC BANK HOLDINGS LTD COMMON STOCK | 0.005791 | ✓ |
| ANGLOGOLD ASHANTI PLC | 0.005728 | ✓ |
| BHARTI AIRTEL LIMITED | 0.005651 | ✓ |
| SAMSUNG ELEC VTG GDR REGS | 0.005478 |  |
| ZIJIN MINING-H | 0.005418 |  |
| NU HOLDINGS LTD/CAYMAN ISLANDS | 0.005346 |  |
| OTP BANK (REG) | 0.005128 | ✓ |
| ICBC-H | 0.005053 |  |
| EMAAR PROP PJSC | 0.004987 |  |
| INFOSYS LTD COMMON STOCK | 0.004956 | ✓ |
| PZU | 0.004945 |  |
| GRUPO MEXICO-B | 0.004890 | ✓ |
| BANK OF CHINA-H | 0.004816 |  |
| PDD HOLDINGS INC ADR | 0.004491 |  |
| SAMSUNG SECS CO | 0.004484 |  |
| PETROBRAS-PREF | 0.004420 | ✓ |
| GRUPO F BANORT-O | 0.004417 | ✓ |
| XIAOMI CORP-W | 0.004313 |  |
| ASE TECHNOLOGY H | 0.004266 | ✓ |
| LARSEN and TOUBRO LTD | 0.004216 | ✓ |
| Receive CONTEMPORARY A-A Pay Overnight Rate -1 | 0.004122 |  |
| BANK CENTRAL ASI | 0.004081 |  |
| QATAR NATIONAL B | 0.003997 |  |
| VALE SA | 0.003907 | ✓ |
| PETROCHINA-H | 0.003876 |  |
| KB FINANCIAL GRO | 0.003848 | ✓ |
| JIANGSU HENGRU-A | 0.003805 |  |
| GOLD FIELDS LTD | 0.003795 | ✓ |
| TRIPOD TECH CORP | 0.003718 |  |
| BAOSHAN IRON &-A | 0.003590 |  |
| VEDANTA LTD | 0.003540 |  |
| PING AN INSURA-A | 0.003450 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-020524` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1364608/000094040026020524/0000940400-26-020524-index.htm>
- N-PORT (fund B) — accession `0001410368-26-041616` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/719423/000141036826041616/0001410368-26-041616-index.htm>

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