# Portfolio overlap — IPOIX vs FEMR

Comparing **Nomura Systematic Emerging Markets Equity Fund** (2026-03-31) and **Fidelity Enhanced Emerging Markets ETF** (2026-03-31).

- Shared positions: 32
- Nomura Systematic Emerging Markets Equity Fund covered by Fidelity Enhanced Emerging Markets ETF: 0.3950798156674180175583410089
- Fidelity Enhanced Emerging Markets ETF covered by Nomura Systematic Emerging Markets Equity Fund: 0.3950798156674180175583410088

## 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 |  |

## Fidelity Enhanced Emerging Markets ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.138471 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.054498 | ✓ |
| SK HYNIX INC | 0.034955 | ✓ |
| TENCENT HOLDINGS LTD | 0.032793 | ✓ |
| BABA-W | 0.019070 | ✓ |
| DELTA ELEC | 0.015873 | ✓ |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.013741 |  |
| Fidelity Cash Central Fund | 0.013678 |  |
| MEDIATEK | 0.013066 | ✓ |
| ITAU UNIBAN-PREF | 0.011859 |  |
| SAUDI ARABIAN OI | 0.011703 |  |
| AL RAJHI BANK | 0.011278 |  |
| PETROCHINA-H | 0.010784 |  |
| PKN ORLEN | 0.010292 |  |
| ASIA VITAL | 0.009991 |  |
| GEELY AUTOMOBILE | 0.009979 | ✓ |
| HON HAI | 0.009689 | ✓ |
| SAMSUNG ELE-PREF | 0.009482 |  |
| CTBC FINANCIAL | 0.009416 |  |
| OTP BANK (REG) | 0.009334 |  |
| STANDARD BANK GR | 0.009272 |  |
| NETEASE INC | 0.009154 | ✓ |
| INNOVENT BIOLOGI | 0.008981 |  |
| MALAYAN BANKING | 0.008570 |  |
| CHUNGHWA TELECOM | 0.008277 |  |
| TELEF BRASIL | 0.008196 |  |
| HDFC BANK LTD SPON ADR | 0.008069 |  |
| WUXI APPTEC CO-A | 0.007735 |  |
| EMAAR PROP PJSC | 0.007694 | ✓ |
| VEDANTA LTD | 0.007676 |  |
| BANK MANDIRI | 0.007649 |  |
| ASELSAN | 0.007574 |  |
| SANTANDER BANK | 0.007506 |  |
| NOVATEK | 0.007490 |  |
| DISCOVERY LTD COMMON STOCK | 0.007322 |  |
| BEONE MEDICINE-H | 0.007212 |  |
| RAIADROGASIL | 0.007165 |  |
| REALTEK SEMI | 0.007101 |  |
| CHINA LIFE-H | 0.007072 | ✓ |
| JD HEALTH INTERN | 0.007036 |  |
| HYUNDAI MOBIS | 0.006985 |  |
| FOSUN INTL | 0.006884 |  |
| STATE BANK IND | 0.006843 |  |
| PUBLIC POWER COR | 0.006820 |  |
| MUTHOOT FINANCE | 0.006794 |  |
| LG ELECTRONICS | 0.006736 |  |
| CITI PACIFIC S-A | 0.006709 |  |
| YUTONG BUS CO-A | 0.006681 | ✓ |
| HINDALCO INDS | 0.006642 |  |
| Empresa Brasileira de Aeronautica S.A. (ADR) | 0.006609 |  |


## 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 `0000035402-26-003306` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/945908/000003540226003306/0000035402-26-003306-index.htm>

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