# Portfolio overlap — ZEMAX vs EMCS

Comparing **American Beacon Ninety One Emerging Markets Equity Fund** (2026-02-28) and **Xtrackers MSCI Emerging Markets Climate Selection ETF** (2026-02-27).

- Shared positions: 15
- American Beacon Ninety One Emerging Markets Equity Fund covered by Xtrackers MSCI Emerging Markets Climate Selection ETF: 0.4604538228901819493671380424
- Xtrackers MSCI Emerging Markets Climate Selection ETF covered by American Beacon Ninety One Emerging Markets Equity Fund: 0.4604538228901819493671380424

## American Beacon Ninety One Emerging Markets Equity Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.143074 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.085984 | ✓ |
| SK HYNIX INC | 0.050013 | ✓ |
| TENCENT HOLDINGS LTD | 0.042397 | ✓ |
| American Beacon U.S. Government Money Market Fund | 0.030550 |  |
| BABA-W | 0.026835 | ✓ |
| GRUPO MEXICO-B | 0.016601 |  |
| DELTA ELEC | 0.016561 | ✓ |
| ASELSAN | 0.015797 |  |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.015271 | ✓ |
| KIA CORP | 0.014152 |  |
| Receive CONTEMPORARY A-A Pay Overnight Rate -1 | 0.013915 |  |
| HDFC BANK LTD | 0.013730 | ✓ |
| ACCTON TECH | 0.013387 |  |
| LG CHEM LTD | 0.012819 |  |
| VALTERRA PLATINU | 0.012737 |  |
| MEDIATEK | 0.012606 | ✓ |
| CCB-H | 0.011742 | ✓ |
| SUNGROW POWER -A | 0.011308 |  |
| CREDICORP LTD | 0.011085 |  |
| BEONE MEDICINE-H | 0.011012 |  |
| SAMSUNG C&T CORP | 0.010547 |  |
| WUXI APPTEC CO-A | 0.010544 |  |
| SHINHAN FINANCIA | 0.010521 | ✓ |
| NASPERS NPV | 0.010468 | ✓ |
| ASE Technology Holding Company Ltd. ADR | 0.010459 |  |
| ICICI Bank Ltd | 0.010285 |  |
| MTN GROUP LTD | 0.010104 |  |
| NETEASE INC | 0.010087 | ✓ |
| ERSTE GROUP BANK | 0.010016 |  |
| VEDANTA LTD | 0.009991 |  |
| SAUDI NATIONAL B | 0.009868 |  |
| CAPITEC BANK HOLDINGS LTD COMMON STOCK | 0.009771 |  |
| XP, Inc., Class A | 0.009708 |  |
| BHARTI AIRTEL LIMITED | 0.009551 | ✓ |
| KASIKORNBANK-FOR | 0.009352 |  |
| AIA Group Ltd | 0.009316 |  |
| NU HOLDINGS LTD/CAYMAN ISLANDS | 0.008494 | ✓ |
| LARSEN and TOUBRO LTD | 0.008375 |  |
| SANLAM LTD COMMON STOCK | 0.008371 |  |
| ANJI MICROELEC-A | 0.008335 |  |
| BCO BTG PAC-UNIT | 0.008166 |  |
| EMAAR PROP PJSC | 0.008120 |  |
| SABESP | 0.008068 |  |
| EICHER MOTORS LTD COMMON STOCK | 0.007651 |  |
| RAIADROGASIL | 0.007513 |  |
| JL MAG RARE-EA-A | 0.007355 |  |
| NATL BANK GREECE | 0.007349 |  |
| SANY HEAVY IND-A | 0.007148 |  |
| HKEX | 0.006749 |  |

## 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 `0001410368-26-038369` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/809593/000141036826038369/0001410368-26-038369-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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