# Portfolio overlap — FDEM vs FLAX

Comparing **Fidelity Emerging Markets Multifactor ETF** (2026-01-31) and **Franklin FTSE Asia ex Japan ETF** (2026-03-31).

- Shared positions: 153
- Fidelity Emerging Markets Multifactor ETF covered by Franklin FTSE Asia ex Japan ETF: 0.4037208916852286631200554813
- Franklin FTSE Asia ex Japan ETF covered by Fidelity Emerging Markets Multifactor ETF: 0.4037208916852286631200554813

## 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 | ✓ |

## Franklin FTSE Asia ex Japan ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.137438 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.052722 | ✓ |
| TENCENT HOLDINGS LTD | 0.039258 | ✓ |
| SK HYNIX INC | 0.029244 | ✓ |
| BABA-W | 0.027908 | ✓ |
| AIA Group Ltd | 0.011670 |  |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.009926 |  |
| CCB-H | 0.009686 | ✓ |
| DBS GROUP HLDGS | 0.009146 |  |
| HDFC BANK LTD | 0.008985 | ✓ |
| DELTA ELEC | 0.008530 |  |
| PDD HOLDINGS INC ADR | 0.008062 |  |
| HON HAI | 0.007269 |  |
| XIAOMI CORP-W | 0.007195 | ✓ |
| ICBC-H | 0.007173 | ✓ |
| MEDIATEK | 0.007050 | ✓ |
| ICICI BANK LTD | 0.006894 | ✓ |
| SAMSUNG ELE-PREF | 0.006139 |  |
| HKEX | 0.006046 |  |
| OCBC BANK | 0.005816 |  |
| MEITUAN-W | 0.005812 |  |
| BHARTI AIRTEL LIMITED | 0.005722 |  |
| PING AN-H | 0.005180 |  |
| BYD COMPANY LTD H | 0.005104 |  |
| INFOSYS LTD COMMON STOCK | 0.004661 | ✓ |
| BANK OF CHINA-H | 0.004439 | ✓ |
| NETEASE INC | 0.004032 | ✓ |
| HYUNDAI MOTOR CO | 0.004024 |  |
| UNITED OVERSEAS | 0.003604 |  |
| JD-SW | 0.003575 | ✓ |
| ASE TECHNOLOGY H | 0.003510 | ✓ |
| KB FINANCIAL GRO | 0.003402 |  |
| BIDU-SW | 0.002993 | ✓ |
| MAHINDRA & MAHIN | 0.002979 |  |
| TRIP.COM GROUP L | 0.002962 |  |
| PETROCHINA-H | 0.002944 | ✓ |
| AXIS BK LTD | 0.002886 |  |
| SINGAPORE TELECO (LOT SIZE 100) | 0.002812 |  |
| SK SQUARE CO LTD | 0.002809 |  |
| HANWHA AEROSPACE | 0.002785 |  |
| CTBC FINANCIAL | 0.002740 | ✓ |
| DOOSAN ENERBILIT | 0.002712 |  |
| TATA CONSULTANCY VSS LTD | 0.002616 | ✓ |
| ZIJIN MINING-H | 0.002566 |  |
| LARSEN and TOUBRO LTD | 0.002562 |  |
| SHINHAN FINANCIA | 0.002494 |  |
| CHINA MERCHANTS BANK-H COMMON STOCK | 0.002454 |  |
| Bajaj Finance Ltd | 0.002440 |  |
| CHINA LIFE-H | 0.002411 |  |
| ELITE MATERIAL | 0.002375 | ✓ |


## 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 `0000940400-26-020174` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1655589/000094040026020174/0000940400-26-020174-index.htm>

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