# Portfolio overlap — RWEM vs FDEM

Comparing **Rayliant Quantamental Emerging Market ex-China Equity ETF** (2026-03-31) and **Fidelity Emerging Markets Multifactor ETF** (2026-01-31).

- Shared positions: 67
- Rayliant Quantamental Emerging Market ex-China Equity ETF covered by Fidelity Emerging Markets Multifactor ETF: 0.3276648162724358097309689951
- Fidelity Emerging Markets Multifactor ETF covered by Rayliant Quantamental Emerging Market ex-China Equity ETF: 0.3276648162724358097309689951

## Rayliant Quantamental Emerging Market ex-China Equity ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.108056 | ✓ |
| TENCENT HOLDINGS LTD | 0.028747 | ✓ |
| MEDIATEK | 0.025867 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.022520 | ✓ |
| SK HYNIX INC | 0.018608 | ✓ |
| NETEASE INC | 0.017839 | ✓ |
| KIA CORP | 0.016131 | ✓ |
| ABC-H | 0.014753 | ✓ |
| HCL TECHS. LTD | 0.013415 |  |
| BABA-W | 0.012554 | ✓ |
| DELTA ELEC | 0.012271 |  |
| WOORI FINANCIAL | 0.012106 | ✓ |
| PICC P&C-H | 0.011326 | ✓ |
| BANKCOMM-H | 0.011158 | ✓ |
| CHINA HONGQIAO | 0.009092 | ✓ |
| H WORLD GP LTD | 0.008830 |  |
| PZU | 0.008761 | ✓ |
| SANLAM LTD COMMON STOCK | 0.008252 |  |
| Credicorp Ltd | 0.008007 |  |
| SUN PHARMA INDU | 0.007519 |  |
| HYOSUNG HEAVY IN | 0.007445 |  |
| Oil & Natural Gas Corp Ltd. INR5 | 0.007418 |  |
| GRUPO CIBEST SA PRF | 0.007381 |  |
| FRESNILLO PLC | 0.007275 |  |
| XIAOMI CORP-W | 0.006756 | ✓ |
| AERO DEL PACIF-B | 0.006755 |  |
| SINO BIOPHARM | 0.006702 |  |
| HD HYUNDAI | 0.006597 |  |
| NOVATEK | 0.006588 | ✓ |
| CITIC | 0.006551 |  |
| VALE SA | 0.006520 | ✓ |
| CITIC BANK-H | 0.006506 | ✓ |
| PKN ORLEN | 0.006421 |  |
| KOREA ELEC POWER | 0.006379 |  |
| BANK OF CHINA-H | 0.006316 | ✓ |
| REALTEK SEMI | 0.006274 | ✓ |
| LITE-ON TECH | 0.006246 | ✓ |
| VISHOP HOLDINGS LTD ADR | 0.006214 |  |
| BRITANNIA INDS | 0.006055 |  |
| ASUSTEK COMPUTER | 0.006044 | ✓ |
| ASIA VITAL | 0.005898 |  |
| China Tower Corporation Limited | 0.005818 |  |
| HYUNDAI ENG&CONS | 0.005796 |  |
| ASTRA INTERNATIO | 0.005730 | ✓ |
| BYD COMPANY LTD H | 0.005571 |  |
| EMEMORY TECH | 0.005568 |  |
| INTL GAMES | 0.005420 | ✓ |
| Receive INNOLUX Pay Overnight Rate -2 | 0.005211 |  |
| Bharat Petroleum Corp Ltd. INR10 | 0.005157 |  |
| REMGRO LTD COMMON STOCK | 0.005133 |  |

## Fidelity Emerging Markets Multifactor ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.102109 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.045351 | ✓ |
| TENCENT HOLDINGS LTD | 0.044478 | ✓ |
| BABA-W | 0.035391 | ✓ |
| SK HYNIX INC | 0.025549 | ✓ |
| CHINA RESOURCES | 0.022711 | ✓ |
| EMAAR DEVELOPMENT PJSC COMMON STOCK AED1.0 | 0.019922 |  |
| TRUST FIBRA UNO REIT | 0.016230 |  |
| PETROBRAS-PREF | 0.012148 |  |
| PETROCHINA-H | 0.011308 | ✓ |
| CHINA SHENHUA-H | 0.011070 |  |
| FALABELLA SA | 0.009704 |  |
| HDFC BANK LTD | 0.009622 |  |
| VIBRA ENERGIA SA COMMON STOCK | 0.009497 |  |
| Fidelity Securities Lending Cash Central Fund | 0.009245 |  |
| COAL INDIA LTD | 0.008874 |  |
| CCB-H | 0.008738 |  |
| WUXI APPTEC CO LTD H | 0.008348 |  |
| MOL | 0.008179 | ✓ |
| IHH HEALTHCARE B | 0.008028 |  |
| EMPRESAS COPEC | 0.007836 |  |
| SAMSUNG BIOLOGIC | 0.007762 |  |
| UNITED TRACTORS | 0.007696 | ✓ |
| PTT EXPLOR & PROD PCL-NVDR DEPOSITARY RECEIPT | 0.007654 |  |
| MEDIATEK | 0.007550 | ✓ |
| EXXARO RESOURCES | 0.007374 |  |
| DIVI LABS LTD | 0.007162 |  |
| INNER MONGOLIA-B | 0.007070 |  |
| MAGYAR TELEKOM | 0.007028 | ✓ |
| MARUTI SUZUKI IN | 0.006952 |  |
| KIA CORP | 0.006895 | ✓ |
| ICICI BANK LTD | 0.006870 |  |
| BIDU-SW | 0.006835 |  |
| OTP BANK (REG) | 0.006698 |  |
| EICHER MOTORS LTD COMMON STOCK | 0.006695 |  |
| CIPLA LTD | 0.006669 | ✓ |
| ICBC-H | 0.006615 |  |
| JD-SW | 0.006522 | ✓ |
| HERO MOTOCORP LT | 0.006406 |  |
| Grupo Cibest SA (Preference) | 0.006354 |  |
| HYUNDAI MOBIS | 0.006323 |  |
| STANDARD BANK GR | 0.006198 |  |
| XIAOMI CORP-W | 0.006183 | ✓ |
| RICHTER GEDEON N | 0.006106 | ✓ |
| OOREDOO QSC | 0.006042 |  |
| THE UNITED LABOR | 0.006003 |  |
| AL RAJHI BANK | 0.005821 |  |
| BANCO CRED INVER | 0.005713 |  |
| NETEASE INC | 0.005641 | ✓ |
| 3SBIO INC | 0.005603 |  |


## Sources

- N-PORT (fund A) — accession `0002048251-26-004268` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1593547/000204825126004268/0002048251-26-004268-index.htm>
- N-PORT (fund B) — accession `0000035402-26-001950` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/945908/000003540226001950/0000035402-26-001950-index.htm>

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