# Portfolio overlap — THDAX vs EMCS

Comparing **Thornburg Developing World Fund** (2026-03-31) and **Xtrackers MSCI Emerging Markets Climate Selection ETF** (2026-02-27).

- Shared positions: 14
- Thornburg Developing World Fund covered by Xtrackers MSCI Emerging Markets Climate Selection ETF: 0.4213235141925813241874606891
- Xtrackers MSCI Emerging Markets Climate Selection ETF covered by Thornburg Developing World Fund: 0.4213235141925813241874606891

## Thornburg Developing World Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.169756 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.054882 | ✓ |
| NASPERS NPV | 0.043594 | ✓ |
| SK HYNIX INC | 0.040549 | ✓ |
| AIA Group Ltd | 0.037747 |  |
| PETROBRAS-PREF | 0.034328 |  |
| ARCA CONTINENTAL | 0.033183 |  |
| BID CORP LTD | 0.032220 |  |
| ICICI BANK LTD | 0.028983 | ✓ |
| MEDIATEK | 0.026966 | ✓ |
| BABA-W | 0.026129 | ✓ |
| Thornburg Capital Management Fund | 0.024176 |  |
| BANK CENTRAL ASI | 0.023848 |  |
| TENAGA NASIONAL | 0.022862 |  |
| CREDICORP LTD | 0.022676 |  |
| ADNOC DRILLING C | 0.022143 |  |
| Techtronic Industries Company Limited | 0.019152 |  |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.018873 | ✓ |
| ITAU UNIBAN-PREF | 0.018729 |  |
| Receive CONTEMPORARY A-A Pay Overnight Rate -1 | 0.018720 |  |
| CCB-H | 0.018008 | ✓ |
| XP, Inc., Class A | 0.017955 |  |
| PIRAEUS BANK SA | 0.017416 | ✓ |
| BHARTI AIRTEL LIMITED | 0.016458 | ✓ |
| AERO DEL PACIF-B | 0.016293 |  |
| MENGNIU DAIRY | 0.015967 |  |
| SALIK CO PJSC | 0.015930 |  |
| KB FINANCIAL GRO | 0.015896 | ✓ |
| KWEICHOW MOUTAI CO LTD A | 0.015486 |  |
| TENCENT HOLDINGS LTD | 0.015326 | ✓ |
| SEA LTD ADR | 0.014820 |  |
| MERCADOLIBRE INC | 0.014483 |  |
| BANGKOK DUSIT-F | 0.013422 |  |
| 360 ONE WAM LTD | 0.012427 |  |
| LIG NEX1 CO LTD | 0.011646 |  |
| MAKEMYTRIP LTD | 0.011251 |  |
| TATA CONSULTANCY VSS LTD | 0.011240 | ✓ |
| NIEN MADE | 0.010851 |  |
| BBB Foods, Inc., Class A | 0.010255 |  |
| CSG NV | 0.005355 |  |

## 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 `0001410368-26-051172` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/816153/000141036826051172/0001410368-26-051172-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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