DFNV vs. FELC ETF Comparison

Comparison of TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) to Fidelity Enhanced Large Cap Core ETF (FELC)

DFNV

TrimTabs Donoghue Forlines Risk Managed Innovation ETF

DFNV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (R&D) investment

Grade (RS Rating)

Last Trade

$36.88

Average Daily Volume

20,590

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.45

Average Daily Volume

587,086

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	DFNV	FELC
30 Days	5.72%	1.74%
60 Days	9.66%	4.85%
90 Days	12.32%	5.62%
12 Months	39.55%	33.14%

35 Overlapping Holdings

Symbol	Grade	Weight in DFNV	Weight in FELC	Overlap
AAPL	C	7.79%	7.38%	7.38%
ABBV	F	2.59%	1.02%	1.02%
ADBE	C	2.35%	0.94%	0.94%
ALRM	C	0.21%	0.2%	0.2%
AMGN	F	1.6%	0.33%	0.33%
AMZN	C	0.2%	3.93%	0.2%
ANET	C	1.58%	0.11%	0.11%
AVGO	D	4.14%	1.72%	1.72%
BMY	B	1.99%	0.75%	0.75%
CRM	B	2.93%	1.15%	1.15%
CRUS	D	0.32%	0.03%	0.03%
DASH	B	1.53%	0.18%	0.18%
DBX	B	0.48%	0.52%	0.48%
DOCU	B	0.81%	0.02%	0.02%
FTNT	C	1.58%	0.15%	0.15%
GILD	C	1.91%	0.74%	0.74%
IGT	F	0.25%	0.46%	0.25%
JNJ	C	2.45%	0.74%	0.74%
LYFT	C	0.48%	0.21%	0.21%
MMM	D	1.24%	0.13%	0.13%
MSI	B	1.52%	0.5%	0.5%
NBIX	C	0.53%	0.11%	0.11%
NOW	A	2.72%	0.55%	0.55%
PEGA	B	0.54%	0.1%	0.1%
PLTK	B	0.22%	0.04%	0.04%
PYPL	B	1.37%	0.34%	0.34%
QCOM	F	2.14%	0.88%	0.88%
QRVO	F	0.29%	0.12%	0.12%
SOLV	D	0.49%	0.09%	0.09%
SWKS	F	0.5%	0.03%	0.03%
TDC	D	0.2%	0.37%	0.2%
UBER	F	1.83%	0.14%	0.14%
VEEV	C	1.04%	0.08%	0.08%
WDAY	B	1.17%	0.16%	0.16%
ZM	C	0.8%	0.51%	0.51%

DFNV Overweight 64 Positions Relative to FELC

Symbol	Grade	Weight
APP	B	2.69%
PLTR	B	2.33%
INTU	B	2.3%
IBM	C	2.04%
PANW	B	1.96%
SPOT	B	1.8%
CRWD	B	1.7%
TEAM	A	1.38%
TTD	B	1.24%
ADSK	A	1.24%
VRT	B	1.22%
SNOW	B	1.17%
DDOG	A	1.14%
EA	A	1.09%
RBLX	C	1.0%
ZS	B	0.98%
UI	B	0.97%
EXPE	B	0.83%
NTAP	C	0.81%
MCHP	F	0.79%
NTNX	B	0.78%
RMD	C	0.77%
PTC	B	0.76%
MANH	D	0.75%
DUOL	A	0.72%
PINS	F	0.7%
PSTG	D	0.68%
GEN	B	0.68%
DT	D	0.66%
FFIV	B	0.6%
PCTY	C	0.59%
VRSN	C	0.57%
JKHY	D	0.51%
GNRC	C	0.5%
SMAR	B	0.5%
CVLT	B	0.48%
HAS	D	0.44%
JAZZ	B	0.44%
ETSY	D	0.42%
NYT	D	0.4%
PATH	C	0.4%
MTCH	D	0.4%
ALTR	B	0.4%
QLYS	B	0.39%
HALO	F	0.38%
TENB	C	0.36%
PI	D	0.36%
BOX	B	0.36%
MAT	D	0.36%
CWAN	B	0.33%
ENPH	F	0.3%
ALKS	C	0.3%
BL	B	0.28%
ZETA	D	0.24%
VERX	A	0.23%
RNG	C	0.22%
PRGS	A	0.21%
ACAD	C	0.2%
RPD	B	0.19%
YELP	C	0.18%
FLNC	D	0.18%
YOU	D	0.17%
PTGX	D	0.17%
CMPR	D	0.15%

DFNV Underweight 135 Positions Relative to FELC

Symbol	Grade	Weight
NVDA	B	-7.39%
MSFT	D	-5.68%
META	D	-2.89%
BRK.A	B	-2.25%
GOOGL	C	-2.05%
JPM	A	-1.94%
GOOG	C	-1.9%
XOM	B	-1.56%
MA	B	-1.36%
TSLA	B	-1.31%
NFLX	A	-1.3%
HD	B	-1.29%
BAC	A	-1.2%
WMT	A	-1.14%
MRK	D	-0.99%
PM	B	-0.94%
CMCSA	B	-0.86%
NEE	C	-0.84%
V	A	-0.82%
SCHW	B	-0.8%
UNP	C	-0.76%
LLY	F	-0.76%
PGR	A	-0.74%
T	A	-0.73%
PG	C	-0.72%
LMT	D	-0.71%
RTX	D	-0.7%
CTAS	B	-0.69%
AMAT	F	-0.68%
MU	D	-0.66%
CSCO	B	-0.66%
DIS	B	-0.65%
ECL	D	-0.63%
KLAC	F	-0.63%
CI	D	-0.63%
BDX	F	-0.62%
NOC	D	-0.6%
TJX	A	-0.59%
SPG	A	-0.59%
SQ	A	-0.58%
UNH	B	-0.57%
CAT	B	-0.57%
ABT	B	-0.56%
CVNA	B	-0.55%
EOG	A	-0.54%
CSX	C	-0.54%
DVN	F	-0.53%
PCAR	B	-0.52%
TXT	D	-0.52%
TT	A	-0.52%
CME	B	-0.5%
CL	D	-0.47%
EXEL	B	-0.45%
LRCX	F	-0.44%
TRV	B	-0.43%
ANF	F	-0.42%
PFE	F	-0.42%
CACI	D	-0.4%
GE	D	-0.39%
SSNC	B	-0.38%
NSC	B	-0.38%
AON	A	-0.35%
CMG	B	-0.35%
MSCI	C	-0.33%
TMO	F	-0.33%
ALLE	C	-0.33%
WM	B	-0.32%
SPGI	C	-0.31%
MS	A	-0.31%
TMUS	B	-0.31%
COST	A	-0.31%
CAH	B	-0.31%
AXP	A	-0.31%
TROW	B	-0.31%
PPG	F	-0.3%
SEIC	B	-0.3%
MGM	D	-0.3%
MMC	B	-0.29%
INCY	C	-0.28%
CCL	A	-0.26%
CVS	D	-0.25%
LDOS	C	-0.24%
AMT	C	-0.24%
RSG	A	-0.24%
SKYW	C	-0.23%
GAP	C	-0.22%
GRMN	B	-0.22%
IDXX	F	-0.22%
LHX	C	-0.21%
GL	C	-0.21%
MEDP	D	-0.21%
ADP	A	-0.2%
NUE	C	-0.2%
OXY	D	-0.19%
GS	A	-0.15%
ED	C	-0.15%
WTW	B	-0.14%
BKNG	A	-0.13%
TWLO	A	-0.13%
UNM	A	-0.12%
PNC	B	-0.12%
VST	A	-0.12%
NRG	B	-0.11%
CLX	A	-0.11%
BK	A	-0.11%
F	C	-0.11%
BLD	D	-0.11%
LNW	F	-0.11%
BBWI	C	-0.11%
BIIB	F	-0.1%
WFC	A	-0.1%
HWM	A	-0.1%
PSA	C	-0.09%
MKL	A	-0.08%
FR	D	-0.08%
ZBRA	B	-0.06%
MCK	A	-0.06%
DHI	F	-0.06%
STLD	B	-0.06%
VZ	C	-0.06%
ORCL	A	-0.05%
AXTA	B	-0.05%
SCCO	F	-0.05%
PEP	F	-0.05%
ROST	D	-0.04%
GEHC	D	-0.04%
SYK	B	-0.03%
KR	B	-0.03%
A	D	-0.03%
LPLA	A	-0.03%
GPN	B	-0.02%
C	A	-0.02%
WBD	B	-0.01%
AES	F	-0.01%
CVX	A	-0.01%