# Portfolio overlap — FDEM vs DBEM

Comparing **Fidelity Emerging Markets Multifactor ETF** (2026-01-31) and **Xtrackers MSCI Emerging Markets Hedged Equity ETF** (2026-02-27).

- Shared positions: 156
- Fidelity Emerging Markets Multifactor ETF covered by Xtrackers MSCI Emerging Markets Hedged Equity ETF: 0.4043557234183717809443447916
- Xtrackers MSCI Emerging Markets Hedged Equity ETF covered by Fidelity Emerging Markets Multifactor ETF: 0.4043557234183717809443447916

## Fidelity Emerging Markets Multifactor ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.102109 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.045351 | ✓ |
| TENCENT HOLDINGS LTD | 0.044478 | ✓ |
| BABA-W | 0.035391 | ✓ |
| SK HYNIX INC | 0.025549 | ✓ |
| CHINA RESOURCES | 0.022711 | ✓ |
| EMAAR DEVELOPMENT PJSC COMMON STOCK AED1.0 | 0.019922 | ✓ |
| TRUST FIBRA UNO REIT | 0.016230 | ✓ |
| PETROBRAS-PREF | 0.012148 | ✓ |
| PETROCHINA-H | 0.011308 | ✓ |
| CHINA SHENHUA-H | 0.011070 | ✓ |
| FALABELLA SA | 0.009704 | ✓ |
| HDFC BANK LTD | 0.009622 | ✓ |
| VIBRA ENERGIA SA COMMON STOCK | 0.009497 | ✓ |
| Fidelity Securities Lending Cash Central Fund | 0.009245 |  |
| COAL INDIA LTD | 0.008874 | ✓ |
| CCB-H | 0.008738 | ✓ |
| WUXI APPTEC CO LTD H | 0.008348 | ✓ |
| MOL | 0.008179 | ✓ |
| IHH HEALTHCARE B | 0.008028 | ✓ |
| EMPRESAS COPEC | 0.007836 | ✓ |
| SAMSUNG BIOLOGIC | 0.007762 | ✓ |
| UNITED TRACTORS | 0.007696 | ✓ |
| PTT EXPLOR & PROD PCL-NVDR DEPOSITARY RECEIPT | 0.007654 | ✓ |
| MEDIATEK | 0.007550 | ✓ |
| EXXARO RESOURCES | 0.007374 |  |
| DIVI LABS LTD | 0.007162 | ✓ |
| INNER MONGOLIA-B | 0.007070 | ✓ |
| MAGYAR TELEKOM | 0.007028 |  |
| MARUTI SUZUKI IN | 0.006952 | ✓ |
| KIA CORP | 0.006895 | ✓ |
| ICICI BANK LTD | 0.006870 | ✓ |
| BIDU-SW | 0.006835 | ✓ |
| OTP BANK (REG) | 0.006698 | ✓ |
| EICHER MOTORS LTD COMMON STOCK | 0.006695 | ✓ |
| CIPLA LTD | 0.006669 | ✓ |
| ICBC-H | 0.006615 | ✓ |
| JD-SW | 0.006522 | ✓ |
| HERO MOTOCORP LT | 0.006406 | ✓ |
| Grupo Cibest SA (Preference) | 0.006354 | ✓ |
| HYUNDAI MOBIS | 0.006323 | ✓ |
| STANDARD BANK GR | 0.006198 | ✓ |
| XIAOMI CORP-W | 0.006183 | ✓ |
| RICHTER GEDEON N | 0.006106 | ✓ |
| OOREDOO QSC | 0.006042 | ✓ |
| THE UNITED LABOR | 0.006003 |  |
| AL RAJHI BANK | 0.005821 | ✓ |
| BANCO CRED INVER | 0.005713 | ✓ |
| NETEASE INC | 0.005641 | ✓ |
| 3SBIO INC | 0.005603 | ✓ |

## Xtrackers MSCI Emerging Markets Hedged Equity ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.133019 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.060098 | ✓ |
| TENCENT HOLDINGS LTD | 0.035724 | ✓ |
| SK HYNIX INC | 0.033972 | ✓ |
| BABA-W | 0.025240 | ✓ |
| HDFC BANK LTD | 0.009402 | ✓ |
| CCB-H | 0.008349 | ✓ |
| HON HAI | 0.008200 |  |
| MEDIATEK | 0.008063 | ✓ |
| DELTA ELEC | 0.007545 |  |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.007169 |  |
| SAMSUNG ELE-PREF | 0.006869 |  |
| ICICI BANK LTD | 0.006734 | ✓ |
| XIAOMI CORP-W | 0.006504 | ✓ |
| PDD HOLDINGS INC ADR | 0.006190 |  |
| DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES | 0.005488 |  |
| ANGLOGOLD ASHANTI PLC | 0.005370 |  |
| VALE SA | 0.005335 | ✓ |
| HYUNDAI MOTOR CO | 0.005313 |  |
| PING AN-H | 0.004981 |  |
| ICBC-H | 0.004544 | ✓ |
| AL RAJHI BANK | 0.004502 | ✓ |
| BHARTI AIRTEL LIMITED | 0.004477 |  |
| GOLD FIELDS LTD | 0.004383 |  |
| MEITUAN-W | 0.004335 |  |
| NU HOLDINGS LTD/CAYMAN ISLANDS | 0.004248 |  |
| ITAU UNIBAN-PREF | 0.004114 |  |
| INFOSYS LTD COMMON STOCK | 0.003903 | ✓ |
| BYD COMPANY LTD H | 0.003725 |  |
| NASPERS NPV | 0.003647 |  |
| BANK OF CHINA-H | 0.003559 | ✓ |
| ASE TECHNOLOGY H | 0.003526 | ✓ |
| SK SQUARE CO LTD | 0.003480 |  |
| SAUDI ARABIAN OI | 0.003398 |  |
| KB FINANCIAL GRO | 0.003372 |  |
| NETEASE INC | 0.003367 | ✓ |
| GRUPO MEXICO-B | 0.003326 |  |
| PETROBRAS-PREF | 0.002946 | ✓ |
| BIDU-SW | 0.002941 | ✓ |
| MAHINDRA & MAHIN | 0.002931 |  |
| AXIS BK LTD | 0.002927 |  |
| ZIJIN MINING-H | 0.002847 |  |
| SAUDI NATIONAL B | 0.002799 |  |
| KIA CORP | 0.002780 | ✓ |
| DOOSAN ENERBILIT | 0.002774 |  |
| TRIP.COM GROUP L | 0.002738 |  |
| LARSEN and TOUBRO LTD | 0.002706 |  |
| VALTERRA PLATINU | 0.002646 |  |
| JD-SW | 0.002643 | ✓ |
| FIRSTRAND LTD | 0.002630 |  |


## Sources

- N-PORT (fund A) — accession `0000035402-26-001950` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/945908/000003540226001950/0000035402-26-001950-index.htm>
- N-PORT (fund B) — accession `0000940400-26-015658` (as of 2026-02-27)
  <https://www.sec.gov/Archives/edgar/data/1503123/000094040026015658/0000940400-26-015658-index.htm>

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