# Portfolio overlap — LEMB vs FSEDX

Comparing **iShares J.P. Morgan EM Local Currency Bond ETF** (2026-01-31) and **Fidelity Series Emerging Markets Debt Local Currency Fund** (2026-03-31).

- Shared positions: 149
- iShares J.P. Morgan EM Local Currency Bond ETF covered by Fidelity Series Emerging Markets Debt Local Currency Fund: 0.3422106538916983632648028235
- Fidelity Series Emerging Markets Debt Local Currency Fund covered by iShares J.P. Morgan EM Local Currency Bond ETF: 0.3422106538916983632648028236

## iShares J.P. Morgan EM Local Currency Bond ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| URUGUAY REPUBLICA ORIENTAL DL 9.75% 07/20/2033 | 0.013935 | ✓ |
| Dominican Republic International Bond | 0.013487 |  |
| Serbia Treasury Bonds | 0.011289 |  |
| Dominican Republic International Bonds | 0.011116 | ✓ |
| URUGUAY GOVERNMENT INTERNATION SR UNSECURED 10/35 8 | 0.011059 |  |
| Turkiye Government Bond 30.00 09/12/2029 | 0.011002 |  |
| URUGUAY REPUBLICA ORIENTAL DL 8.25% 05/21/2031 | 0.010814 | ✓ |
| Serbia Treasury Bonds | 0.009768 |  |
| Serbia Treasury Bonds | 0.009536 |  |
| Serbia Treasury Bonds | 0.009107 |  |
| TURKIYE GOVERNMENT BOND TRY 26.2% 10-05-33 | 0.007956 | ✓ |
| Dominican Republic International Bonds | 0.007693 |  |
| Dominican Republic International Bond | 0.007466 |  |
| Presidencia da Republica | 0.007142 | ✓ |
| SOUTH AFRICA REPUBLIC OF 8.75% 02/28/2048 | 0.007054 | ✓ |
| TESORERIA PESOS | 0.006865 | ✓ |
| PERU REPUBLIC OF 7.3% 08/12/2033 144A REGS | 0.006323 | ✓ |
| TURKIYE GOVERNMENT BOND TRY 31.08% 11-08-28 | 0.006284 | ✓ |
| BRAZIL LETRAS DO TESOURO NACIONAL 0% 01/01/2029 | 0.005955 | ✓ |
| SOUTH AFRICA REPUBLIC OF 8.875% 02/28/2035 | 0.005643 | ✓ |
| MEXICAN BONOS MXN 7.75% 05-29-31 | 0.005566 |  |
| Presidencia da Republica | 0.005459 | ✓ |
| TITULOS DE TESORERIA 13.250000% 02/09/2033 | 0.005398 |  |
| PERU REPUBLIC OF 6.15% 08/12/2032 | 0.005375 | ✓ |
| PERU REPUBLIC OF 6.9% 08/12/2037 | 0.005241 | ✓ |
| SOUTH AFRICA REPUBLIC OF 8.25% 03/31/2032 | 0.005235 | ✓ |
| MEXICO UNITED MEXICAN STATES 8.5% 03/01/2029 | 0.005210 |  |
| SOUTH AFRICA REPUBLIC OF 8.5% 01/31/2037 | 0.005135 | ✓ |
| PERU REPUBLIC OF 5.4% 08/12/2034 | 0.005109 | ✓ |
| TESORERIA PESOS | 0.005036 |  |
| PERU REPUBLIC OF 6.85% 08/12/2035 144A REGS | 0.004973 | ✓ |
| SOUTH AFRICA REPUBLIC OF 8% 01/31/2030 | 0.004880 | ✓ |
| MEXICO UNITED MEXICAN STATES 7.75% 11/13/2042 | 0.004786 | ✓ |
| MEXICO UNITED MEXICAN STATES 8.5% 05/31/2029 | 0.004761 | ✓ |
| MEXICO UNITED MEXICAN STATES 7.75% 11/23/2034 | 0.004728 | ✓ |
| Presidencia de la Republica de Chile | 0.004716 | ✓ |
| South Africa, Parliament of | 0.004673 |  |
| Presidencia da Republica | 0.004606 | ✓ |
| Presidencia de la Republica de Chile | 0.004587 | ✓ |
| Urzad Rady Ministrow | 0.004585 | ✓ |
| South Africa, Parliament of | 0.004582 | ✓ |
| HUNGARY REPUBLIC OF 6.75% 10/22/2028 | 0.004537 | ✓ |
| MEXICO UNITED MEXICAN STATES 8% 07/31/2053 | 0.004415 | ✓ |
| Republic of India | 0.004413 | ✓ |
| URUGUAY REPUBLICA ORIENTAL DL 8.5% 03/15/2028 REGS | 0.004376 | ✓ |
| Urzad Rady Ministrow | 0.004362 | ✓ |
| Colombia Titulos de Tesoreria, Series B | 0.004212 | ✓ |
| Presidencia da Republica | 0.004121 | ✓ |
| TESORERIA PESOS | 0.004111 |  |
| Republic of India | 0.004106 | ✓ |

## Fidelity Series Emerging Markets Debt Local Currency Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Fidelity Cash Central Fund | 0.112350 |  |
| MEXICO UNITED MEXICAN STATES 8.5% 05/31/2029 | 0.031354 | ✓ |
| Czech Republic Government Bonds | 0.016823 | ✓ |
| SOUTH AFRICA REPUBLIC OF 8.875% 02/28/2035 | 0.016493 | ✓ |
| ROMANIA REPUBLIC OF 5% 02/12/2029 | 0.016304 | ✓ |
| CZECH REPUBLIC GOVERNMENT BOND CZK REG S 0.95% 05-15-30 | 0.016263 | ✓ |
| Presidencia da Republica | 0.016118 | ✓ |
| THAILAND KINGDOM OF 1.6% 06/17/2035 | 0.014582 | ✓ |
| Presidencia da Republica | 0.013647 | ✓ |
| Republic of Poland Government Bond | 0.013578 | ✓ |
| MEXICO UNITED MEXICAN STATES 7.5% 05/26/2033 | 0.012975 | ✓ |
| Republic of India | 0.012804 | ✓ |
| Republic of Indonesia, The Government of, The | 0.012713 | ✓ |
| MEXICO UNITED MEXICAN STATES 7% 09/03/2026 | 0.012490 | ✓ |
| TITULOS DE TESORERIA 5.750000% 11/03/2027 | 0.011956 | ✓ |
| Urzad Rady Ministrow | 0.011807 | ✓ |
| Republic of Indonesia, The Government of, The | 0.011658 | ✓ |
| MEXICO UNITED MEXICAN STATES 7.75% 11/23/2034 | 0.011558 | ✓ |
| European Bank for Reconstruction & Development | 0.011401 |  |
| Presidencia da Republica | 0.011381 |  |
| SOUTH AFRICA REPUBLIC OF 8.75% 02/28/2048 | 0.011292 | ✓ |
| MALAYSIA GOVT OF 3.828% 07/05/2034 | 0.010866 | ✓ |
| MEXICO UNITED MEXICAN STATES 7.75% 11/13/2042 | 0.010573 | ✓ |
| INDIA GOVERNMENT BOND INR 6.67% 12-17-50 | 0.010239 | ✓ |
| INDIA GOVERNMENT BOND INR 7.18% 07-24-37 | 0.010137 | ✓ |
| SOUTH AFRICA REPUBLIC OF 8.5% 01/31/2037 | 0.009958 | ✓ |
| People's Republic of China | 0.009913 | ✓ |
| TURKIYE GOVERNMENT BOND TRY 36.0% 08-12-26 | 0.009816 |  |
| MEXICO UNITED MEXICAN STATES 8% 07/31/2053 | 0.009566 | ✓ |
| MALAYSIA GOVT OF 4.065% 06/15/2050 | 0.009420 | ✓ |
| Presidencia da Republica | 0.008843 | ✓ |
| HUNGARY REPUBLIC OF 6.75% 10/22/2028 | 0.008818 | ✓ |
| Republic of Indonesia, The Government of, The | 0.008578 | ✓ |
| REPUBLIC OF POLAND GOVERNMENT BOND PLN 1.25% 10-25-30 | 0.008547 | ✓ |
| People's Republic of China | 0.008522 | ✓ |
| THAILAND KINGDOM OF 1.585% 12/17/2035 | 0.008326 | ✓ |
| Republic of Poland Government Bond | 0.008212 | ✓ |
| INDONESIA TREASURY BOND IDR 7.5% 04-15-40 | 0.008048 | ✓ |
| Urzad Rady Ministrow | 0.007840 | ✓ |
| CHINA PEOPLES REPUBLIC OF 1.78% 09/15/2032 | 0.007730 | ✓ |
| MALAYSIA GOVT OF 4.696% 10/15/2042 | 0.007692 | ✓ |
| Republic of Indonesia | 0.007397 | ✓ |
| Urzad Rady Ministrow | 0.007137 | ✓ |
| Letras do Tesouro Nacional Treasury Bills | 0.007124 | ✓ |
| TESORERIA PESOS | 0.006623 | ✓ |
| INTER-AMERICAN DEVELOPMENT BANK 7.0% 01-25-29 | 0.006592 |  |
| TITULOS DE TESORERIA 7.000000% 06/30/2032 | 0.006519 | ✓ |
| Urzad Rady Ministrow | 0.006502 | ✓ |
| Republic of India | 0.006387 | ✓ |
| BRAZIL LETRAS DO TESOURO NACIONAL 0% 07/01/2028 | 0.006369 | ✓ |


## Sources

- N-PORT (fund A) — accession `0001410368-26-031750` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/930667/000141036826031750/0001410368-26-031750-index.htm>
- N-PORT (fund B) — accession `0000035402-26-003397` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/35348/000003540226003397/0000035402-26-003397-index.htm>

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