# Portfolio overlap — FDEV vs QICLX

Comparing **Fidelity International Multifactor ETF** (2026-01-31) and **AQR International Multi-Style Fund** (2026-03-31).

- Shared positions: 81
- Fidelity International Multifactor ETF covered by AQR International Multi-Style Fund: 0.2161926403677178212203533076
- AQR International Multi-Style Fund covered by Fidelity International Multifactor ETF: 0.2161926403677178212203533078

## Fidelity International Multifactor ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| FRESNILLO PLC | 0.018233 |  |
| PSP SWISS PR-REG | 0.017146 |  |
| ENGIE | 0.015434 | ✓ |
| TOKYO GAS CO LTD | 0.014997 |  |
| ITALGAS SPA | 0.014873 |  |
| Daito Trust Construction Company, Ltd. | 0.014766 |  |
| RIO TINTO PLC | 0.013994 |  |
| KINROSS GOLD CORP | 0.013936 | ✓ |
| Vodafone Group Public Limited Company | 0.013750 | ✓ |
| SINO LAND | 0.013490 |  |
| DRAX GROUP PLC | 0.013451 |  |
| AGNICO EAGLE MINES LTD | 0.013441 | ✓ |
| ENDESA | 0.013275 | ✓ |
| BHP GROUP LTD | 0.012675 | ✓ |
| CENTRICA PLC | 0.012611 | ✓ |
| QUEBECOR INC-B | 0.011918 |  |
| CAPITALAND INTEG | 0.011672 | ✓ |
| KDDI Corporation | 0.011492 | ✓ |
| CAN UTILITIES-A | 0.011269 |  |
| UNILEVER PLC | 0.011253 |  |
| KPN (KONIN) NV | 0.010682 |  |
| HOLCIM LTD | 0.010562 | ✓ |
| LUNDIN GOLD INC | 0.010498 | ✓ |
| CAPCOM CO LTD | 0.009648 |  |
| ALLIANZ SE (REGD) | 0.008749 | ✓ |
| OJI HOLDINGS COR | 0.008623 |  |
| JAPAN TOBACCO | 0.008569 | ✓ |
| ESSITY AKTIEBO-B | 0.008300 | ✓ |
| DANONE SA | 0.007975 |  |
| RECKITT BENCKISE | 0.007972 |  |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | 0.007896 |  |
| KONINKLIJKE AHOL | 0.007672 | ✓ |
| ORKLA ASA | 0.007459 |  |
| RIO TINTO LTD | 0.007432 | ✓ |
| MITSUI & CO | 0.007374 |  |
| CARLSBERG-B | 0.007347 |  |
| FIRSTSERVICE-WI | 0.007321 |  |
| BUZZI UNICEM SPA | 0.007292 |  |
| Givaudan SA (Registered) | 0.007253 |  |
| HOCHTIEF AG | 0.006985 |  |
| LOBLAW COS LTD | 0.006917 | ✓ |
| Z HOLDINGS CORP | 0.006795 |  |
| IMPERIAL BRANDS | 0.006791 | ✓ |
| Novartis AG (Registered) | 0.006712 | ✓ |
| EMS-Chemie Holding AG (Registered) | 0.006624 |  |
| Kerry Group Public Limited Company | 0.006574 |  |
| ZURICH INSURANCE | 0.006487 | ✓ |
| AUTOTRADER GROUP | 0.006398 | ✓ |
| OCBC BANK | 0.006383 |  |
| TOYO SUISAN KAI | 0.006361 |  |

## AQR International Multi-Style Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Limited Purpose Cash Investment Fund | 0.046953 |  |
| Novartis AG (Registered) | 0.023808 | ✓ |
| ASML Holding NV | 0.023538 |  |
| ROCHE HOLDING AG | 0.021749 |  |
| BHP GROUP LTD | 0.016265 | ✓ |
| ABB Ltd. (Registered) | 0.015942 |  |
| ROLLS-ROYCE HOLDINGS PLC | 0.015748 |  |
| CENTRICA PLC | 0.013556 | ✓ |
| ORANGE | 0.013094 |  |
| REPSOL SA | 0.012396 |  |
| WH GROUP LTD | 0.012301 |  |
| BARCLAYS PLC | 0.012137 |  |
| UNICREDIT SPA | 0.011911 |  |
| FAIRFAX FINL HLDGS LTD SUB VTG | 0.011800 | ✓ |
| BNP PARIBAS | 0.011526 |  |
| HOYA CORP | 0.010846 |  |
| CREDIT AGRICOLE | 0.010845 |  |
| KINROSS GOLD CORP | 0.010808 | ✓ |
| BANCO SANTANDER SA | 0.010738 |  |
| ADVANTEST CORP | 0.010701 |  |
| DEUTSCHE BANK-RG | 0.010642 |  |
| LEONARDO SPA | 0.010588 |  |
| SHELL PLC | 0.010363 | ✓ |
| ARC RESOURCES LTD | 0.010200 | ✓ |
| SOC GENERALE SA | 0.009935 |  |
| NATWEST GROUP PLC | 0.009914 | ✓ |
| TOYOTA TSUSHO | 0.009870 |  |
| SAAB AB-B | 0.009862 |  |
| MANULIFE FIN | 0.009852 | ✓ |
| WARTSILA OYJ CLASS B | 0.009733 |  |
| GSK PLC | 0.009715 | ✓ |
| SUBARU CORP | 0.009529 | ✓ |
| EIFFAGE | 0.009451 | ✓ |
| COMMERZBANK | 0.009127 |  |
| ITOCHU CORP | 0.008936 | ✓ |
| SUNCOR ENERGY INC | 0.008898 |  |
| BT GROUP PLC | 0.008765 |  |
| IMPERIAL OIL LTD | 0.008403 | ✓ |
| NEXON CO LTD | 0.008300 |  |
| FORTESCUE METALS | 0.008013 | ✓ |
| AGNICO EAGLE MINES LTD | 0.007768 | ✓ |
| LUNDIN GOLD INC | 0.007763 | ✓ |
| AP MOLLER-B | 0.007330 |  |
| AXA | 0.007289 |  |
| TESCO PLC | 0.006768 |  |
| TALANX AG | 0.006650 | ✓ |
| WHEATON PRECIOUS METALS CORP | 0.006456 |  |
| BAE SYSTEMS PLC | 0.006339 | ✓ |
| MITSUB ELEC CORP | 0.006165 |  |
| ERICSSON (LM) TELE CO CL B | 0.006073 |  |


## Sources

- N-PORT (fund A) — accession `0000035402-26-001972` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/945908/000003540226001972/0000035402-26-001972-index.htm>
- N-PORT (fund B) — accession `0002071691-26-010937` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1444822/000207169126010937/0002071691-26-010937-index.htm>

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