DUSA vs. FDFF ETF Comparison

Comparison of Davis Select U.S. Equity ETF (DUSA) to Fidelity Disruptive Finance ETF (FDFF)

DUSA

Davis Select U.S. Equity ETF

DUSA Description

The investment seeks long-term capital growth and capital preservation. Under normal market conditions, the fund will invest at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. companies. The fund's portfolio, generally, contains between 15 and 35 companies. It may invest a portion of its assets in financial services companies. The fund may also invest in mid- and small-capitalization companies, which the manager considers to be those companies with less than $10 billion in market capitalization. It may invest up to 20% of net assets in non-U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.22

Average Daily Volume

28,625

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDFF

Fidelity Disruptive Finance ETF

FDFF Description

The fund normally invests at least 80% of assets in securities of disruptive finance companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

3,059

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DUSA	FDFF
30 Days	-2.45%	-6.54%
60 Days	0.37%	-6.37%
90 Days	3.68%	2.72%
12 Months	36.81%

1 Overlapping Holdings

	Symbol	Grade	Weight in DUSA	Weight in FDFF	Overlap
	COF	B	10.74%	4.86%	4.86%

DUSA Overweight 20 Positions Relative to FDFF

Symbol	Grade	Weight
META	D	11.45%
BRK.A	D	9.57%
AMZN	B	8.05%
WFC	B	6.04%
HUM	D	4.75%
MKL	A	4.59%
GOOG	A	4.53%
VTRS	C	4.37%
MGM	F	4.27%
CI	B	4.1%
USB	D	4.03%
AMAT	C	3.98%
BK	B	3.55%
OC	A	3.54%
JPM	A	3.24%
DGX	A	2.77%
INTC	F	1.48%
AXP	B	1.34%
TXN	A	0.95%
AGCO	F	0.8%

DUSA Underweight 8 Positions Relative to FDFF

Symbol	Grade	Weight
V	D	-5.76%
MA	D	-5.56%
BLK	D	-5.43%
EFX	C	-5.14%
BRP	C	-4.05%
ICE	D	-4.03%
FLYW	F	-3.84%
DLO	F	-3.67%