# Portfolio overlap — IPOAX vs EMCS

Comparing **Nomura Systematic Emerging Markets Equity Fund** (2026-03-31) and **Xtrackers MSCI Emerging Markets Climate Selection ETF** (2026-02-27).

- Shared positions: 16
- Nomura Systematic Emerging Markets Equity Fund covered by Xtrackers MSCI Emerging Markets Climate Selection ETF: 0.4282068097789907158517182587
- Xtrackers MSCI Emerging Markets Climate Selection ETF covered by Nomura Systematic Emerging Markets Equity Fund: 0.4282068097789907158517182586

## Nomura Systematic Emerging Markets Equity Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.166716 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.071138 | ✓ |
| TENCENT HOLDINGS LTD | 0.042045 | ✓ |
| PETROBRAS-PREF | 0.032001 |  |
| PZU | 0.029217 |  |
| SK HYNIX INC | 0.026706 | ✓ |
| NETEASE INC | 0.024306 | ✓ |
| BANK OF CHINA-H | 0.024190 | ✓ |
| PICC P&C-H | 0.023698 |  |
| FIRSTRAND LTD | 0.022148 |  |
| GEELY AUTOMOBILE | 0.021520 |  |
| MTN GROUP LTD | 0.021506 |  |
| LG UPLUS CORP | 0.020015 |  |
| ICBC-H | 0.018430 | ✓ |
| CCB-H | 0.017764 | ✓ |
| BHARAT PETROL | 0.015945 |  |
| HON HAI | 0.015340 | ✓ |
| EMAAR PROP PJSC | 0.015304 |  |
| CITIC | 0.015246 |  |
| KOREA SHIPBUILDI | 0.015167 |  |
| EMAAR DEVELOPMENT PJSC COMMON STOCK AED1.0 | 0.014178 |  |
| YUTONG BUS CO-A | 0.013194 |  |
| DELTA ELEC | 0.013039 | ✓ |
| BRADESCO SA-PREF | 0.013020 |  |
| INDIAN OIL CORP | 0.012591 |  |
| ACCTON TECH | 0.012494 |  |
| INFOSYS LTD COMMON STOCK | 0.012158 | ✓ |
| BRADESCO SA | 0.011700 |  |
| HERO MOTOCORP LT | 0.011427 |  |
| BABA-W | 0.010838 | ✓ |
| KOREA ELEC POWER | 0.010831 |  |
| KB FINANCIAL GRO | 0.009474 | ✓ |
| MOL | 0.009427 |  |
| TURKCELL | 0.008840 |  |
| ASUSTEK COMPUTER | 0.007461 |  |
| CHINA TAIPING IN | 0.007400 |  |
| JD LOGISTICS INC | 0.007232 |  |
| BB SEGURIDADE PA | 0.007081 |  |
| CHINA CONST BA-A | 0.006902 |  |
| HINDUSTAN PETRO | 0.006504 |  |
| WEICHAI POWER-A | 0.006380 |  |
| KIA CORP | 0.006206 |  |
| PORTO SEGURO SA | 0.005808 |  |
| Receive CHINA AIRLINES Pay Overnight Rate -2.75 | 0.005644 |  |
| PGE SA | 0.005586 |  |
| HARMONY GOLD MNG | 0.005508 |  |
| CANARA BANK | 0.005431 |  |
| PKOBP | 0.005406 |  |
| SK TELECOM | 0.005405 |  |
| VALE SA | 0.005322 |  |

## Xtrackers MSCI Emerging Markets Climate Selection ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.185287 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.097983 | ✓ |
| TENCENT HOLDINGS LTD | 0.057434 | ✓ |
| SK HYNIX INC | 0.052873 | ✓ |
| BABA-W | 0.040621 | ✓ |
| PING AN-H | 0.021171 |  |
| Southern Copper Corporation COM USD0.01 | 0.018490 |  |
| CCB-H | 0.018109 | ✓ |
| HDFC BANK LTD | 0.017587 |  |
| ITAUSA SA - PREFERRED SHARES | 0.016840 |  |
| DELTA ELEC | 0.016322 | ✓ |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.015788 |  |
| MEDIATEK | 0.015544 | ✓ |
| HON HAI | 0.015501 | ✓ |
| ICICI BANK LTD | 0.015309 |  |
| YUANTA FNCL | 0.015145 |  |
| ANGLOGOLD ASHANTI PLC | 0.015142 |  |
| BANK OF CHINA-H | 0.013839 | ✓ |
| ICBC-H | 0.012889 | ✓ |
| PIRAEUS BANK SA | 0.012777 |  |
| BHARTI AIRTEL LIMITED | 0.012697 |  |
| XIAOMI CORP-W | 0.011938 |  |
| TAIWAN COOP FNCL | 0.011926 |  |
| CTBC FINANCIAL | 0.011896 |  |
| SINOPAC FNCL | 0.011541 |  |
| INDUSTRIAL BANK | 0.011334 |  |
| GRUPO F BANORT-O | 0.011171 |  |
| PDD HOLDINGS INC ADR | 0.010932 |  |
| WOORI FINANCIAL | 0.010856 |  |
| CHINA LIFE-H | 0.010849 | ✓ |
| FIRST FINANCIAL | 0.010821 |  |
| NEPI ROCKCASTLE | 0.010757 |  |
| CHANG HWA BANK | 0.010724 |  |
| CATHAY FINANCIAL | 0.010704 | ✓ |
| MEGA FINANCIAL | 0.010525 |  |
| INFOSYS LTD COMMON STOCK | 0.010427 | ✓ |
| COMMON STOCK | 0.010311 |  |
| FUBON FINANCIAL | 0.010089 |  |
| MEITUAN-W | 0.009993 |  |
| E.Sun Financial Holding Company, Ltd. | 0.009991 |  |
| BYD COMPANY LTD H | 0.009877 |  |
| KB FINANCIAL GRO | 0.009213 | ✓ |
| SCB X PCL-FOREIG | 0.009105 |  |
| SHINHAN FINANCIA | 0.008903 |  |
| MAHINDRA & MAHIN | 0.008878 |  |
| NETEASE INC | 0.008338 | ✓ |
| NU HOLDINGS LTD/CAYMAN ISLANDS | 0.007945 |  |
| NASPERS NPV | 0.007743 |  |
| TATA CONSULTANCY VSS LTD | 0.007603 |  |
| MOTIVA INFRAESTR | 0.007439 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-022038` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/883622/000094040026022038/0000940400-26-022038-index.htm>
- N-PORT (fund B) — accession `0000940400-26-015689` (as of 2026-02-27)
  <https://www.sec.gov/Archives/edgar/data/1503123/000094040026015689/0000940400-26-015689-index.htm>

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