# Portfolio overlap — FEMB vs TGWIX Comparing **First Trust Emerging Markets Local Currency Bond ETF** (2026-04-30) and **TCW Emerging Markets Local Currency Income Fund** (2026-01-31). - Shared positions: 17 - First Trust Emerging Markets Local Currency Bond ETF covered by TCW Emerging Markets Local Currency Income Fund: 0.1801816396629920830339345095 - TCW Emerging Markets Local Currency Income Fund covered by First Trust Emerging Markets Local Currency Bond ETF: 0.1801816396629920830339345095 ## First Trust Emerging Markets Local Currency Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | MALAYSIA GOVT | 0.052972 | ✓ | | Republic of Indonesia, The Government of, The | 0.042746 | | | Urzad Rady Ministrow | 0.039326 | | | Republic of Indonesia | 0.035241 | | | INDONESIA TREASURY BOND IDR 7.0% 09-15-30 | 0.035061 | | | SOUTH AFRICA REPUBLIC OF 8.25% 03/31/2032 | 0.034666 | ✓ | | INDIA GOVERNMENT BOND INR 7.18% 07-24-37 | 0.034215 | | | Presidencia da Republica | 0.034121 | | | Presidencia de la Republica de Chile | 0.033860 | | | INDONESIA TREASURY BOND IDR 9.0% 03-15-29 | 0.032064 | | | SOUTH AFRICA REPUBLIC OF 8.875% 02/28/2035 | 0.031353 | ✓ | | International Bank for Reconstruction & Development | 0.030675 | | | Presidencia da Republica | 0.029755 | | | MEXICO UNITED MEXICAN STATES 7.5% 05/26/2033 | 0.029413 | ✓ | | Presidencia da Republica | 0.028786 | | | Sandor-Palota | 0.027652 | ✓ | | TITULOS DE TESORERIA 7.000000% 06/30/2032 | 0.026968 | | | INTER-AMERICAN DEVELOPMENT BANK 7.35% 10-06-30 | 0.024950 | | | India Government Bond | 0.024503 | | | THAILAND KINGDOM OF 3.35% 06/17/2033 | 0.023511 | | | MEXICO UNITED MEXICAN STATES 8.5% 11/18/2038 | 0.022777 | ✓ | | THAILAND KINGDOM OF 3.39% 06/17/2037 | 0.022390 | ✓ | | South Africa, Parliament of | 0.022250 | ✓ | | PERU REPUBLIC OF 6.9% 08/12/2037 | 0.022215 | | | MALAYSIA GOVT OF 4.642% 11/07/2033 | 0.021173 | | | ROMANIA REPUBLIC OF 6.7% 02/25/2032 | 0.019871 | ✓ | | Presidencia da Republica | 0.019475 | ✓ | | MALAYSIA GOVT | 0.016759 | | | REPUBLIC OF PHILIPPINES SR UNSECURED 01/36 6.25 | 0.015356 | | | Czech Republic Government Bond | 0.015255 | | | MALAYSIA GOVT | 0.012333 | | | ROMANIA GOVT | 0.012232 | | | CZECH REPUBLIC GOVERNMENT BOND CZK 3.5% 05-30-35 | 0.010704 | ✓ | | TURKIYE GOVERNMENT BOND TRY 26.2% 10-05-33 | 0.010284 | | | Indonesia Treasury Bond | 0.009058 | | | TITULOS DE TESORERIA 7.750000% 09/18/2030 | 0.008311 | | | Colombia Titulos de Tesoreria, Series B | 0.007776 | ✓ | | Ministerio De Hacienda Y Credito Publico | 0.007377 | ✓ | | Urzad Rady Ministrow | 0.007116 | ✓ | | HUNGARY REPUBLIC OF 6.75% 10/22/2028 | 0.006982 | | | EUROPEAN BK RECON & DEV 6.3% 10-26-27 | 0.005749 | | | TURKIYE GOVERNMENT BOND TRY 31.08% 11-08-28 | 0.005608 | | | Czech Republic Government Bond | 0.005322 | ✓ | | INTER-AMERICAN DEVELOPMENT BANK MTN 7.000000% 08/08/2033 | 0.005153 | | | Asian Development Bank | 0.005067 | | | ROMANIA REPUBLIC OF 4.75% 10/11/2034 | 0.004920 | ✓ | | Republic of South Africa Government Bond | 0.004776 | | | Republic of South Africa Government Bond | 0.004671 | | | International Finance Corp | 0.003617 | | | African Development Bank | 0.003222 | | ## TCW Emerging Markets Local Currency Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Presidencia da Republica | 0.067469 | ✓ | | TURKIYE GOVERNMENT BOND TRY 37.84% 07-14-27 | 0.043758 | | | Brazil Notas do Tesouro Nacional Serie B | 0.043117 | | | NIGERIA REPUBLIC 0% 03/17/2026 | 0.038160 | | | Republic of India | 0.033674 | | | CHINA PEOPLES REPUBLIC OF 2.57% 05/20/2054 | 0.032054 | | | CZECH REPUBLIC GOVERNMENT BOND CZK 3.5% 05-30-35 | 0.031177 | ✓ | | Republic of India | 0.029579 | | | Egypt Treasury Bills | 0.024566 | | | Urzad Rady Ministrow | 0.021658 | ✓ | | Nigeria OMO Bill | 0.021161 | | | MEXICO UNITED MEXICAN STATES 7.5% 05/26/2033 | 0.020486 | ✓ | | PERU REPUBLIC OF 6.85% 08/12/2035 144A REGS | 0.020179 | | | Republic of Indonesia | 0.019945 | | | MALAYSIA GOVT OF 4.762% 04/07/2037 | 0.019722 | ✓ | | SOUTH AFRICA REPUBLIC OF 8.875% 02/28/2035 | 0.019585 | ✓ | | Republic of Uganda Government Bonds | 0.019584 | | | Republic of India | 0.018780 | | | MEXICO UNITED MEXICAN STATES 7.75% 11/23/2034 | 0.018583 | | | MALAYSIA GOVT OF 4.893% 06/08/2038 | 0.017935 | | | THAILAND KINGDOM OF 3.45% 06/17/2043 | 0.017040 | | | MEXICO UNITED MEXICAN STATES 8.5% 11/18/2038 | 0.015941 | ✓ | | Urzad Rady Ministrow | 0.015822 | | | SOUTH AFRICA REPUBLIC OF 8.5% 01/31/2037 | 0.015372 | | | TURKIYE GOVERNMENT BOND TRY 36.0% 08-12-26 | 0.015236 | | | MALAYSIA GOVT | 0.015210 | ✓ | | Egypt Treasury Bills | 0.015106 | | | REPUBLIC OF POLAND GOVERNMENT BOND PLN 1.25% 10-25-30 | 0.014696 | | | Titulos de Tesoreria | 0.013793 | | | SOUTH AFRICA REPUBLIC OF 6.25% 03/31/2036 | 0.012763 | | | Sandor-Palota | 0.012628 | ✓ | | Republic of India | 0.011426 | | | South Africa, Parliament of | 0.011368 | | | Colombia Titulos de Tesoreria, Series B | 0.011066 | ✓ | | Indonesia Treasury Bond | 0.010804 | | | THAILAND KINGDOM OF 3.39% 06/17/2037 | 0.010209 | ✓ | | MEXICO UNITED MEXICAN STATES 10% 11/20/2036 | 0.010192 | | | Republic of Indonesia | 0.010067 | | | SOUTH AFRICA REPUBLIC OF 8.25% 03/31/2032 | 0.009994 | ✓ | | MALAYSIA GOVT OF 4.054% 04/18/2039 | 0.009820 | | | Czech Republic Government Bond | 0.009513 | ✓ | | Czech Republic Government Bonds | 0.009293 | | | THAILAND GOVT | 0.008862 | | | MALAYSIA GOVT | 0.008499 | | | Egypt Treasury Bills | 0.008491 | | | TITULOS DE TESORERIA 13.250000% 02/09/2033 | 0.007923 | | | Urad Vlady Ceske Republiky | 0.007796 | | | MEXICO UNITED MEXICAN STATES 7.75% 11/13/2042 | 0.007726 | | | MALAYSIA GOVT OF 3.582% 07/15/2032 | 0.007684 | | | Sandor-Palota | 0.007500 | | ## Sources - N-PORT (fund A) — accession `0000940400-26-024916` (as of 2026-04-30) - N-PORT (fund B) — accession `0001410368-26-033400` (as of 2026-01-31) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _