FBUF vs. SROI ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Calamos Antetokounmpo Global Sustainable Equities ETF (SROI)

FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description

FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$27.53

Average Daily Volume

5,177

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

SROI

Calamos Antetokounmpo Global Sustainable Equities ETF

SROI Description

The fund is an actively managed exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index. The fund will, under normal circumstances, invest at least 80% of its net assets (plus borrowings for investment purposes, if any) in equity securities of companies in developed markets (including the U.S.) and emerging markets (including frontier market countries) that, in the view of Calamos Advisors LLC, have above average growth potential and meet the environmental, social and governance (ESG) criteria.

Grade (RS Rating)

Last Trade

$29.64

Average Daily Volume

1,590

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	SROI
30 Days	3.10%	-2.81%
60 Days	4.70%	-2.02%
90 Days	6.08%	-1.65%
12 Months		17.25%

24 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in SROI	Overlap
AAPL	C	7.34%	3.76%	3.76%
ADBE	C	0.94%	0.61%	0.61%
AMAT	F	0.67%	1.08%	0.67%
AMT	D	0.21%	0.69%	0.21%
AVGO	D	1.62%	0.83%	0.83%
BK	A	0.12%	0.89%	0.12%
CL	D	0.55%	0.81%	0.55%
COST	B	0.3%	1.4%	0.3%
ECL	D	0.63%	1.12%	0.63%
GILD	C	0.74%	0.73%	0.73%
GOOGL	C	2.04%	4.17%	2.04%
HD	A	1.32%	1.02%	1.02%
INTU	C	0.12%	0.7%	0.12%
MRK	F	0.96%	0.84%	0.84%
MSFT	F	5.66%	4.63%	4.63%
NVDA	C	7.37%	3.01%	3.01%
SPGI	C	0.21%	0.83%	0.21%
TJX	A	0.72%	1.46%	0.72%
TMO	F	0.38%	0.98%	0.38%
TRV	B	0.26%	0.97%	0.26%
TT	A	0.68%	0.76%	0.68%
UNH	C	0.57%	1.12%	0.57%
V	A	0.65%	1.57%	0.65%
WM	A	0.41%	0.97%	0.41%

FBUF Overweight 131 Positions Relative to SROI

Symbol	Grade	Weight
AMZN	C	3.84%
META	D	2.89%
BRK.A	B	2.2%
JPM	A	1.93%
GOOG	C	1.89%
XOM	B	1.56%
MA	C	1.36%
NFLX	A	1.28%
TSLA	B	1.27%
BAC	A	1.18%
CRM	B	1.16%
PM	B	0.94%
ABBV	D	0.91%
QCOM	F	0.85%
CMCSA	B	0.84%
WMT	A	0.82%
NEE	D	0.82%
CSCO	B	0.8%
PG	A	0.8%
SCHW	B	0.79%
LLY	F	0.76%
UNP	C	0.75%
BMY	B	0.74%
JNJ	D	0.73%
PYPL	B	0.72%
C	A	0.72%
T	A	0.71%
LMT	D	0.71%
PGR	A	0.67%
CTAS	B	0.65%
DIS	B	0.65%
CI	F	0.63%
ABT	B	0.63%
KLAC	D	0.61%
SQ	B	0.6%
NOC	D	0.6%
BDX	F	0.58%
SEIC	B	0.54%
MMC	B	0.53%
ZM	B	0.53%
CAT	B	0.53%
DBX	B	0.52%
ZBRA	B	0.52%
CVNA	B	0.52%
DVN	F	0.52%
MU	D	0.5%
NOW	A	0.5%
TXT	D	0.5%
CSX	B	0.49%
GE	D	0.48%
EOG	A	0.48%
CMG	B	0.47%
IGT	F	0.46%
CME	A	0.44%
SPG	B	0.44%
GRMN	B	0.44%
MSI	B	0.43%
AXP	A	0.43%
EXEL	B	0.43%
PFE	D	0.41%
HWM	A	0.38%
ALLE	D	0.38%
PCAR	B	0.37%
NUE	C	0.36%
ANF	C	0.35%
TDC	D	0.35%
ALRM	C	0.34%
PPG	F	0.34%
INCY	C	0.34%
F	C	0.33%
LDOS	C	0.31%
SKYW	B	0.31%
CAH	B	0.31%
RTX	C	0.28%
TMUS	B	0.28%
MEDP	D	0.28%
TROW	B	0.28%
WFC	A	0.28%
ADP	B	0.26%
MSCI	C	0.26%
AMGN	D	0.25%
UBER	D	0.24%
SYK	C	0.24%
LRCX	F	0.24%
CVS	D	0.23%
RSG	A	0.23%
MGM	D	0.23%
LHX	C	0.21%
GAP	C	0.21%
BIIB	F	0.21%
FTNT	C	0.2%
PEP	F	0.19%
MMM	D	0.19%
TPH	D	0.18%
SSNC	B	0.18%
CACI	D	0.17%
PSA	D	0.17%
LNW	D	0.16%
BBWI	D	0.16%
OXY	D	0.15%
IDXX	F	0.15%
VST	B	0.14%
CLX	B	0.14%
ITW	B	0.14%
GL	B	0.13%
GEN	B	0.13%
KR	B	0.12%
AON	A	0.12%
NSC	B	0.11%
DASH	A	0.11%
LPLA	A	0.11%
UNM	A	0.1%
ED	D	0.1%
AME	A	0.09%
TWLO	A	0.09%
NRG	B	0.09%
DOCU	A	0.09%
LYFT	C	0.08%
CINF	A	0.07%
PLTK	B	0.07%
CRUS	D	0.07%
QRVO	F	0.06%
NBIX	C	0.06%
ANET	C	0.06%
ORCL	B	0.04%
VEEV	C	0.04%
TNL	A	0.04%
UTHR	C	0.04%
TOL	B	0.02%
CVX	A	0.02%
PEGA	A	0.02%

FBUF Underweight 24 Positions Relative to SROI

Symbol	Grade	Weight
TSM	B	-3.03%
HDB	C	-1.31%
PWR	A	-1.07%
TGT	F	-0.96%
BALL	D	-0.95%
TXN	C	-0.91%
LIN	D	-0.87%
VZ	C	-0.8%
NVT	B	-0.79%
DAR	C	-0.77%
OTIS	C	-0.76%
ICE	C	-0.75%
JKHY	D	-0.71%
SRE	A	-0.71%
ACN	C	-0.69%
DE	A	-0.69%
ZTS	D	-0.62%
PLD	D	-0.56%
MELI	D	-0.55%
TSCO	D	-0.55%
ITUB	F	-0.5%
VRSK	A	-0.49%
EW	C	-0.4%
ROK	B	-0.38%